Second Stage Amherst Inc

“In July 2022 a New Executive Director was employed by Second Stage Amherst, Inc. The previous employee left 5/31/22. New Director started working late July 2022. As the director started to apply for grants in early 2023 she became aware that a tax return for 2021-2022 had not been done. Reports were gather and given to Gale Quick who started a return. Only to find that due to inconsistent bookkeper and bookkeeping the director discovered items that were improperly posted to accounts. She hired someone to do a Review and many misplaced entries were found. During the Review it was decided that going back to Year 2020-2021 would have to be done to correct the accounting forward to present day. The Amended return is a result of Second Stage Amherst,Inc. correcting the records going forward.”

“Our Mission: To inspire creativity and community by providing a place where thecultural, civic, and economic vitality of Amherst County is encouraged.All of the above are invited to showcase their artistic abilities and wares. The community is invited to take part in cutural and art shows, there are many cutural activities. There is Java and Jazz in the coffee shop and there is a seasonal Farmers Market weekly during the summer.There is no fundraising or gaming done for anyone else or by anyone else on the behalf of Second Stage Amherst Inc. Adjustment mades is possibly depreciation not carried forward for previous years. In order to make full disclosure we made this adjustment in order to complete this Amended Return and move on. All other items have been checked carefully.”

“Description AmountTenant Lease Income 22,136Room Rent 6,900”

“Description AmountDepreciation from 4562 10,674Market Expense 14,881Program Expense 2,660Insurance 670Licenses Dues & Subscriptions 1,766Service Fees & Charges 191Payroll Taxes 2,275Office Supplies 504Charitable Contributions 50Advertising/Marketing 1,578”

“Leasehold Improvements that had been scheduled, former preparer classified as Asset (Bldg and Land) because work was not completed. Moved this item from Bldg and Land to Other Assets upon completion of work. The Building does not belong to Second Stage Amherst, Inc. The requirements are for the compamy to complete a certain amount of Leasehold Improvements each year to keep building in marketable condition.”

“Category Beginning of Year End of YearStage Equipment 2,167 2,167Office Equipment 650 650Structural Repairs and Signage 21,048 21,048HVAC 17,946 17,946Roof Replaced 36,306 36,306Windows Painting 17,764 17,764Gutters, Downsprouts, 3,000 3,000Patio 4,891 4,891Appliances 1,074 1,074Chairs 3,382 3,382Projection equip 742 742Mini Split AC 0 5,850Sidewalks 0 5,759Prior year adjustment 934 0”

“Category Beginning of Year End of YearTenant Lease Security Deposit 1,626 2,026Payroll Liab 0 1,214Accumulated Depreciation 6,590 23,950Building Room Rental Deposit 0 250Adjust accumulated dep 7,381 0”

“Short Year Tax Return 01/01/2020 to 06/030/2020 Was not done and file in the Drake Software because the 2020 program didnt exist when the return was done. The Balance Sheet information was transferred from the 01/01/2019 to 12/31/2019 return when updated. Therefore, information in the Balance Sheet Part 2 Column A needs to be updated to the 06/30/2021 Tax Return.”