Ecat Wayne School Inc.

“Erie center for arts and technology inc. Is the sole member of the filing organization.”

“The tax preparer worked closely with the organization throughout the form 990 preparation. A copy of the form 990 was submitted to individual board members for review and comment prior to finalization and filing.”

“The organization's conflict of interest policy is set forth in detail in the constitution and by-laws of ecat wayne school inc. Interested persons have a duty to disclose actual or possible conflicts of interest. The board or committee hearing the conflict with the exception of the interested person shall discuss and make further investigations as necessary to determine whether a conflict of interest exists. Procedures for addressing conflicts of interest and for addressing violations of the conflicts of interest policy vary according to circumstance and are set forth in the actual policy.”

“Governing documents are made available to the public upon request”

“The taxpayer is amending the 2020 form 990 to reflect changes to the line items resulting from the late receipt of the organization's audited financial statements. The organization's outside auditors made certain classification and balance changes, the most significant of which are summarized as follows: part 1, line 8 - contributions and grants -- has decreased 524,094 from 524,844 to 750. The originally filed form 990 presented a contribution from affiliated entity erie center for arts and technology, inc (a supported organization) as contribution income. This amount has been reclassified as a fund balance increase. Part 1, line 10 - investment income - has decreased 301,428 from 159,086 to -142,342. This change is due to a revised computation related to the sale of property. As a result of the above changes, total revenue (part 1 - line 12) has decreased 825,522 from 708,046 to -117,476. Additionally, revenue less expenses (part 1 - line 19) has also decreased 825,522 from 623,094 to -202,428. Part viii - statement of revenue reflects the changes noted above. Total expenses have not changed as a result of the amended form 990, however the part ix breakout between program service and management & general has been modified to align with the audited financial statements. Part x - balance sheet - line 10c - land, buildings, and equipment has decreased 486,599 and line 15 - other assets has increased 23,400, both as a result of the independent auditors' analysis. As a result, line 16 - total assets - has decreased by the net of these amounts, 463,199, from 12,092,220 to 11,629,021. Part x - balance sheet - line 17 - accounts payable and accrued expenses has decreased 161,771 resulting in a 161,771 decrease in line 26 - total liabilities which has decreased from 11,469,126 to 11,307,355. Part x - balance sheet - line 32 - total net assets or fund balance - has decreased from 623,094 to 321,666 due to the above changes . Part xi - reconciliation of net assets - line 1 on the amended form 990 reflects the changes to total revenue discussed above. In addition, line 9 - other changes in net assets or fund balance - has changed from 0 to 524,094 due to the reclassification of the contribution from affiliate discussed above.”

“To construct, rehabilitate, develop, own, lease,sell, and maintain a mixed-use facility providing job training, healthcare services, social services, and other art-related services for erie center for arts and technology inc. And other organizations providing surch services.”

“Contribution from affiliate 524,094”