Fred Dolan Art Academy Foundation Inc

“Expenses website 137 insurance 2,230 meals & entertainment 81 art supplies 1,782 outside labor 3,663 total 7,893”

“Adj for incorrect 2019 year end balance 8,482”

“PPP LOAN 0 6,400”

“Provide a sanctuary for art students from disadvantaged neighborhoods in the bronx to develop their skills through hard work, build portfolios, and advance their education as artists”

“Art academy that helps young bronx artists go to college”

“Information regarding personal benefit contracts: the organization did not, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly or indirectly, on a personal benefit contract. Due to an error last year, we had the incorrect year end balance in cash. The difference in the inccorect amount and the correct amount is shown in form 990 part 1 line 20. The difference is due to understating total donations 6,543 and overstating of total expenses by 1,939. Total expenses shown in line 31a is the total expenses the entity incurred in 2020.”