Peterson Community Hub

“Other expenses reported on Part I Line 16 consist primarily of capital project supervision administrative project management construction oversight and related professional services required to plan and execute the renovation of the East Wing of the former Peterson School building These expenses directly support the organizations exempt purpose by enabling the build-out of telehealth rooms education and workforce development spaces and community programming infrastructure”

“Total liabilities consist primarily of bridge advances provided by Scott Smith Design to support project cash flow during the reimbursement cycle of a statefederal grant administered through the Minnesota Department of Education These advances are recorded as liabilities and are repaid solely through grant reimbursements No interest is charged The advances were necessary to ensure uninterrupted progress on construction and equipment procurement All related-party transactions were conducted at arms length and reviewed and approved by independent board members”

“Part V Other Information Line 34 Related Organizations and Transactions Peterson Community Hub operates in partnership with the Peterson School Project PSP a private entity that owns and manages the Peterson School property PCH operates exclusively within the East Wing of the building under an in-kind lease agreement and provides public programming consistent with its charitable mission Scott Smith Design owned by Scott Smith provided bridge financing to support grant reimbursement timing These advances are recorded as liabilities and will be repaid through grant reimbursements No interest is charged Mr Smith resigned from the Board of Directors during 2025 to eliminate potential conflicts of interest Following his resignation Lori Barbero joined the Board of Directors All related-party transactions were conducted at arms length and reviewed and approved by independent board members Line 35 Unrelated Business Income and Federal Status During 2025 the organization did not engage in any unrelated business activities All revenues were derived from charitable contributions and government grant reimbursements directly related to the organizations exempt purpose Peterson Community Hub is recognized as a public charity under section 501c3 of the Internal Revenue Code and is not subject to the notice reporting or proxy tax requirements applicable to organizations described under sections 501c4 5 or 6 Line 34 Significant Changes to Governing Documents Answer Yes During 2025 Peterson Community Hub adopted its initial Articles of Incorporation and Bylaws and subsequently amended its Bylaws to refine governance structure board responsibilities conflict-of-interest policies financial controls and operational oversight procedures These amendments were adopted to reflect best practices for nonprofit governance strengthen internal controls and support the organizations transition from startup formation into capital project implementation and operational readiness”