Spectrum Dreams

“This amended return corrects the classification of individuals reported in Part IV. One officer is also an independent contractor and amount reported in 1099-NEC is also included. professional fees are explained in schedule O. In addition, personally identifiable information of a scholarship recipient was included in error in the original filing and has been removed in this amended return. MISC expenses are further itemized and listed in schedule O. Program coordinator and outreach coordinator (volunteers only) are not officers and were removed from Part IV.”

“Scholarship $6000. The scholarship was awarded based on financial need and program participation criteria. The recipient is not related to any officer, director, or key employee of the organization.”

“Officer Ge Tian is not paid for his officer duty. He is also an independent contractor for his music instruction work, separated from his officer duty and 1099-NEC was issued for the contractor work (total amount of $2800, Compensation was approved by the board and determined to be reasonable and at fair market value). Other payment in Line 13: primarily of payments to independent music instructors who provide program services. These individuals are not officers, directors, or key employees of the organization. 1099-NEC were issued to all contractors.”

“Insurance $125; Bank fees $50; IT and internet expenses $24.99; Media production $312.5; Office supplies $321.16; Registration service $539. Total $1422.65.”

“Accounts receivable $1620; Furniture and Equipment $1723.26. Total $3343.26”