Learning Center

“Description amountother expenses 64,188note 1: a significant portion of expenses this year support installation of new hvac to provide better program service in the future (including year round availability). Note 2: expenses were prorated by estimated hours of use and our facilities for each listed accomplishment”

“Category beginning of year end of yearother assets 38,500 38,500grand piano-knobe, with ornate woodwork. Assessed (informally) by jackson pianos as worth from $37,000 to $40,000”

“While our exempt purpose remains to support education and the arts, our focus has moved from workshops and materials for teachers (k-12) to making our facilities available to performing visual arts for classes, musicians, rehearsals and performances and board events, lectures & discussions. The building where these events occur is historic and the restoration is underway. These restorations will improve service to the community and also serves to protect a historically and architecturally significant landmark.”

“The bylaws governing our organization were modified, but not significantly.”

“Part ii, line 23 - value of land and building has not been assessed recently. They were purchased in 1973 for $33,386.96. In 1989, form 990, they were valued (w/equipment) at $84,810. No other records are in possession by treasurer or board. The 1989 value is somewhat under the inflation-adjusted 1973 price. Adjusting for the inflation to 2023 from the 1989 reported value would be $199,616. Both building degredation and restoration have occured. We are in the process of installing new hvac and upgraded electric. Neither this nor the loss of the old heating system are reflected in line 23.”