2026-02-25T21:09:40-06:00 2025-06-30 950858589 HUTCHINSON AND BLOODGOOD LLP 500 N BRAND BLVD SUITE 800 GLENDALE CA 91203 990 2024-07-01 273274582 ELEMENTAL MUSIC ELEM 3102200349 1906 OLYMPIC BLVD SANTA MONICA CA 90404 GIGI DECAVALLES-HUGHES TREASURER 3102200349 2026-02-25 1 1 LUBA KVITCHKO P01381655 8186375000 2024 2025-03-06 01:10:19Z GIGI DECAVALLES-HUGHES 1906 OLYMPIC BLVD SANTA MONICA CA 90404 1359992 0 X WWW.ELEMENTALMUSIC.ORG X 2010 CA TO PROVIDE MUSIC EDUCATION TO STUDENTS IN LOS ANGELES COUNTY. ELEMENTAL MUSIC PROVIDED 17 PROGRAMS DURING THE SCHOOL YEAR, AND SERVED 793 STUDENTS. ELEMENTAL MUSIC PRODUCED 16 PERFORMANCES AS WELL AS NUMBER OF MASTERCLASSES AND OUTREACH PERFORMANCES THROUGHOUT THE YEAR. 9 9 57 90 0 0 559987 627746 492353 468130 8000 105 0 116036 1060340 1212017 0 0 0 0 262333 822610 0 0 168474 830741 450238 1093074 1272848 -32734 -60831 633382 1135847 292984 968669 340398 167178 X ELEMENTAL MUSIC CELEBRATES MUSIC-MAKING AND BUILDS COMMUNITY THROUGH EXCEPTIONAL YOUTH EDUCATION PROGRAMS. OUR CORE VALUES ARE COMMUNITY, DIVERSITY AND INCLUSION, EQUITY, EXCELLENCE, AND THE TRANSFORMATIVE POWER OF MUSIC. 0 0 93968 64763 ELEMENTAL STRINGS: OUR SIGNATURE STRING ORCHESTRA PROVIDES STUDENTS IN GRADES 3 TO 5 WITH TWO LEVELS OF STRING ORCHESTRA: INTERMEDIATE AND ADVANCED. STUDENTS RECEIVE SECTIONAL REHEARSALS AND FULL ENSEMBLE EXPERIENCES UNDER PROFESSIONAL MUSICIANS AND TEACHING ARTISTS. THE PROGRAM PREPARES STUDENTS FOR MUSIC STUDIES AT THE MIDDLE SCHOOL LEVEL. 55 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 31883 18462 PRELUDE: THIS IS AN INTRODUCTORY-LEVEL STRING ENSEMBLE FOR STUDENTS IN GRADES 3 TO 5. THERE IS NO PRIOR EXPERIENCE REQUIRED TO JOIN THIS PROGRAM AND MOST STUDENTS IN THE ENSEMBLE ARE LEARNING AN INSTRUMENT FOR THE FIRST TIME. PRELUDE PREPARES STUDENTS WITH A THOROUGH TECHNICAL AND MUSICAL FOUNDATION, INCLUDING NOTE-READING, AND PREPARES STUDENTS FOR PARTICIPATION IN ELEMENTAL MUSIC'S MORE ADVANCED ENSEMBLES. 17 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 35107 11992 ELEMENTAL BAND: OUR CONCERT BAND FOR STUDENTS IN GRADES 35 WAS LAUNCHED IN 2013. THE ENSEMBLE HELPS YOUNG BAND STUDENTS DEVELOP ENSEMBLE SKILLS AND GIVES THEM A CHANCE TO PERFORM AS A FULL CONCERT BAND SOMETHING NOT AVAILABLE IN ELEMENTARY SCHOOL MUSIC CLASSES WHERE STUDENTS ARE GROUPED IN INSTRUMENT-SPECIFIC CLASSES. 11 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 239717 53355 OUR BERGMANN PROGRAM/ENCORE LESSON PROGRAM PROVIDED 98 SOCIOECONOMICALLY DISADVANTAGED STUDENTS IN GRADES 4 TO 12 FROM THE SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT WITH FREE YEAR-ROUND PRIVATE MUSIC LESSONS, INCLUDING SUMMER MONTHS. STUDENTS RECEIVED WEEKLY LESSONS RANGING FROM 30 TO 60 MINUTES DEPENDING ON AGE AND TECHNICAL ABILITY LEVEL. STUDENTS PERFORMED IN A FREE PUBLIC RECITAL. 30105 21051 ELEMENTAL GUITAR: THIS UNIQUE PROGRAM PROVIDES CLASSICAL GUITARISTS IN GRADES 3 TO 8 WITH THE OPPORTUNITY TO LEARN AND PERFORM AS AN ENSEMBLE RATHER THAN LEARNING AS A SOLITARY PURSUIT. THE PROGRAM SERVES A RANGE OF LEVELS, FROM TOTAL BEGINNERS TO ADVANCED GUITARISTS, ALLOWING FOR STUDENTS TO PLAY MORE ADVANCED PARTS YEAR AFTER YEAR. 21 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 29842 35003 ELEMENTAL CHOIR: THIS CHILDREN'S CHOIR PROVIDES VOCAL MUSIC EDUCATION FOR STUDENTS IN GRADES 3 TO 5, OFFERING THEM THE CHANCE TO LEARN HEALTHY VOCAL TECHNIQUE, SOLFEGE AND SIGHT-SINGING, AND ENSEMBLE SINGING WITH A FOCUS ON MULTI-PART HARMONIES. 27 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS, IN ADDITION TO OUTREACH PERFORMANCES. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 68401 37250 ACADEMY PHILHARMONIC: THIS IS OUR ADVANCED FULL ORCHESTRA FOR WIND AND STRING STUDENTS IN GRADES 6 TO 8. STUDENTS LEARN HOW TO BLEND MULTIPLE INSTRUMENT GROUPS AND GAIN AN INTRODUCTION TO TRADITIONAL ORCHESTRAL REPERTOIRE AHEAD OF PLAYING IN ORCHESTRAL GROUPS AT THE HIGH SCHOOL LEVEL. AUDITIONS ARE COMPETITIVE EACH YEAR. 32 STUDENTS WERE ENROLLED IN THE 2024/25 SEASON AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 29937 23133 ACADEMY STRINGS: THIS IS AN INTERMEDIATE STRING ORCHESTRA FOR STUDENTS IN GRADES 6 TO 8 , DESIGNED TO HELP PLAYERS DEVELOP ESSENTIAL TECHNIQUE, MUSICALITY, AND ENSEMBLE PLAYING SKILLS NEEDED TO PLAY ADVANCED REPERTOIRE. MANY STUDENTS FROM ELEMENTAL STRINGS FUNNEL INTO ACADEMY STRINGS TO HONE THEIR SKILLS BEFORE BEING ACCEPTED INTO ACADEMY PHILHARMONIC. THE 2024/25 SEASON WAS THE FIRST YEAR OF THIS ENSEMBLE. 19 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 40073 19113 ACADEMY WINDS: THIS IS AN INTERMEDIATE CONCERT BAND FOR STUDENTS IN GRADES 6 TO 8, PROVIDING MIDDLE SCHOOL BAND STUDENTS WITH ADDITIONAL OPPORTUNITIES TO MAKE MUSIC ALONGSIDE FRIENDS. STUDENTS EXPLORE FUN REPERTOIRE THAT SPANS MULTIPLE CULTURES AND GENRES, EVEN LEARNING THE BASICS OF IMPROVISATION. THE 2024/25 SEASON WAS THE FIRST YEAR OF THIS ENSEMBLE. 18 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 83250 64773 CHAMBER MUSIC INSTITUTE: DESIGNED FOR INSTRUMENTALISTS IN GRADES 6 TO 12 AND VOCALISTS IN GRADES 6 TO 8, THE CHAMBER MUSIC INSTITUTE IS AN AUDITION-BASED PROGRAM FOR STRINGS, WOODWINDS, BRASS,PERCUSSION, GUITAR, AND VOICE. MUSICIANS ARE GROUPED IN SMALL, CONDUCTORLESS ENSEMBLES AND WORK WITH A PROFESSIONAL MUSICIAN IN COACHINGS EACH WEEK. CHAMBER GROUPS RECEIVED 24 WEEKLY COACHINGS FROM LATE SEPTEMBER THROUGH LATE MAY, HAD TWO MASTER CLASSES WITH GUEST ARTISTS, AND PERFORMED IN TWO PUBLIC RECITALS. THERE WERE 57 STUDENTS ENROLLED IN THE 2024/25 SEASON. 26139 TEACHING FELLOWSHIP: OUR TEACHING FELLOWSHIP LAUNCHED IN FALL 2022 WITH THE GOAL OF EXPANDING THE FUTURE POOL OF TEACHING ARTISTS IN SOUTHERN CALIFORNIA, ESPECIALLY THOSE FROM UNDERREPRESENTED BACKGROUNDS IN CLASSICAL MUSIC. THE PROGRAM PROVIDES HANDS-ON TEACHING EXPERIENCE AND MENTORSHIP FOR FOUR COLLEGE STUDENTS, WHO SUPPORTED WEEKLY ENSEMBLE PROGRAMS FROM LATE SEPTEMBER THROUGH EARLY JUNE. FELLOWS ALSO PARTICIPATED IN SIX PROFESSIONAL DEVELOPMENT SESSIONS WITH SOUTHERN CALIFORNIA ARTS PROFESSIONALS. 121529 40368 ELEMENTAL @ WESTMINSTER: OUR IN-SCHOOL CORE MUSIC CLASSES AT WESTMINSTER ELEMENTARY SCHOOL, A TITLE I LAUSD SCHOOL IN THE VENICE NEIGHBORHOOD, PROVIDED ALL 370 STUDENTS FROM TK THROUGH 5TH GRADE WITH CORE MUSIC INSTRUCTION THROUGHOUT THE SCHOOL YEAR. WE ALSO BROUGHT IN GUEST ARTISTS TO WORK WITH STUDENTS AND PRODUCED TWO CONCERTS. 32140 21867 BROADWAY SINGERS: THIS WEEKLY AFTERSCHOOL CHOIR PROGRAM AT LAUSD'S BROADWAY ELEMENTARY SCHOOL FOR STUDENTS IN GRADES K2 GIVES YOUNG SINGERS AN INTRODUCTION TO CHORAL SINGING THROUGH AGE-APPROPRIATE PEDAGOGY AND REPERTOIRE. STUDENTS DEVELOP CONFIDENCE, LISTENING SKILLS, AND BEGIN TO CULTIVATE AN UNDERSTANDING OF MUSICAL TECHNIQUE AND PITCH. 29 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS IN THE 2024/25 SEASON. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 33086 22007 BROADWAY CHORUS: THIS WEEKLY AFTERSCHOOL CHOIR PROGRAM AT LAUSD'S BROADWAY ELEMENTARY SCHOOL FOR STUDENTS IN GRADES 3 TO 5 PROVIDES STUDENTS WITH A CHORAL EXPERIENCE THAT FOCUSES ON DEVELOPING VOCAL TECHNIQUE, MUSIC LITERACY, AND MORE. STUDENTS LEARN TO SING IN MULTIPLE LANGUAGES AND THE ENSEMBLE IS A NATURAL CONTINUATION OF ENSEMBLE SINGING FOR SINGERS GRADUATING FROM BROADWAY SINGERS. 27 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS IN THE 2024/25 SEASON. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 30741 17988 BROADWAY STRINGS: THIS WEEKLY AFTERSCHOOL STRING ORCHESTRA ENSEMBLE AT LAUSD'S BROADWAY ELEMENTARY SCHOOL FOR STUDENTS IN GRADES 34 REQUIRES NO PRIOR EXPERIENCE AND INTRODUCES STUDENTS TO STRING INSTRUMENTS PLAYING ON THE VIOLIN, THE VIOLA, OR THE CELLO. STUDENTS LEARN THE BASICS OF MUSICAL TECHNIQUE AND MUSICIANSHIP, INCLUDING NOTE-READING. 15 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS IN THE 2024/25 SEASON. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 33204 14272 BROADWAY ORCHESTRA: THIS WEEKLY AFTERSCHOOL STRING ORCHESTRA ENSEMBLE AT LAUSD'S BROADWAY ELEMENTARY SCHOOL FOR STUDENTS IN GRADES 3 TO 5 IS AN INTERMEDIATE STRING ORCHESTRA AND A NATURAL CONTINUATION OF ENSEMBLE PLAYING FOR STUDENTS WHO STARTED LEARNING WITH US IN BROADWAY STRINGS. STUDENTS PLAY MORE ADVANCED REPERTOIRE AND CONTINUE BUILDING THEIR MUSICAL TECHNIQUE. 14 STUDENTS WERE ENROLLED AND THEY PERFORMED 3 PUBLIC CONCERTS IN THE 2024/25 SEASON. INSTRUCTION TOOK PLACE WEEKLY FROM SEPTEMBER THROUGH EARLY JUNE. 18269 3670 EARLY CHILDHOOD MUSIC: OUR EARLY CHILDHOOD CLASSES PROVIDE A FOUNDATION IN MUSIC FOR CHILDREN AGES 4 MONTHS THROUGH 7 YEARS THROUGH AGE-APPROPRIATE ACTIVITIES INVOLVING SINGING, MOVEMENT, AND INSTRUMENT PLAY. CLASSES ARE HELD IN 8 WEEK SESSIONS. THE PROGRAM SERVED 8 FAMILIES IN THE 2024/25 SEASON, WITH CLASSES OCCURRING FROM SEPTEMBER THROUGH MAY. OUR EARLY CHILDHOOD DIRECTOR ALSO LED MULTIPLE CLASSES AT OUTREACH EVENTS INCLUDING AT THE SANTA MONICA PUBLIC LIBRARY AND THE SANTA MONICA ARTS & LITERACY FESTIVAL. 5547 4537 SUMMER SOUNDS ACADEMY: THIS SUMMER CAMP FOR RISING 6TH THROUGH 9TH GRADERS OFFERS A FULL ORCHESTRA EXPERIENCE. THE CAMP RUNS TWICE A WEEK FOR FIVE WEEKS. STUDENTS LEARN ADVANCED REPERTOIRE AND HAVE THE CHANCE TO PLAY AS A CONDUCTORLESS CHAMBER ORCHESTRA. SUMMER 2025 WAS THE FIRST TIME THIS CAMP HAS BEEN OFFERED. 16 STUDENTS WERE ENROLLED AND THEY GAVE A CASUAL PERFORMANCE ON THE LAST DAY OF THE CAMP FOR FRIENDS AND FAMILY. 821980 378387 982938 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 57 1 0 0 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X JOSEPHINE LIU MOERSCHEL 3102200349 1906 OLYMPIC BLVD SANTA MONICA CA 90404 X MARCIA CAPPARELA PRESIDENT 5.00 X X 0 0 0 BRENDA BENSON SECRETARY 3.00 X X 0 0 0 JANIE DOCTER DIRECTOR 2.00 X 0 0 0 OMAR LOVE DIRECTOR 2.00 X 0 0 0 KENNETH BURGOMASTER DIRECTOR 1.00 X 0 0 0 KAY TIDWELL DIRECTOR 1.00 X 0 0 0 ALLISON VAN ETTEN DIRECTOR 1.00 X 0 0 0 GIGI DECAVALLES-HUGHES TREASURER 3.00 X X 0 0 0 VICTOR KOMLOS DIRECTOR 2.00 X 0 0 0 JOSEPHINE MOERSCHEL EXECUTIVE & ARTISTIC DIRECTOR 40.00 X 125475 0 0 125475 0 0 1 0 0 0 0 111169 516577 65648 627746 TUITION-PROGRAM INCOME 611710 349648 349648 PROGRAM INCOME-OTHER 611710 107960 107960 CONCERT TICKETS 611710 10522 10522 468130 3529 3529 118228 121652 -3424 -3424 -3424 126375 26323 100052 100052 OTHER REVENUE 611710 15984 5474 10510 15984 1212017 473604 0 110667 741443 601573 44168 95702 15236 670 14566 65931 53520 3851 8560 5000 5000 947 947 1409 1409 20778 995 19394 389 202828 199228 3600 7832 3356 4476 IN KIND EXPENSES 65648 3300 11131 51217 REPAIR AND MAINTENANCE 50119 49306 813 INFORMATION TECHNOLOGY 21567 13918 7649 MISCELLANEOUS 15440 13754 1686 58670 41909 11804 4957 1272848 982938 121436 168474 X 142778 195689 218120 69988 75154 160593 131879 22866 4814 82391 18052 29500 645085 633382 1135847 0 1308 292984 274105 0 693256 292984 968669 X 217106 150405 123292 16773 340398 167178 633382 1135847 X -60831 10607 -122996 0 X X 0 1 X 1 0 X 495078 714403 1039216 1223089 1222251 4694037 495078 714403 1039216 1223089 1222251 4694037 0 0 0 4694037 3529 3529 3529 3529 495078 714403 1039216 1223089 1225780 4697566 0.99920 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11427 3238 8189 11439 1576 9863 18052 RIGHT OF USE OPERATING LEASE 615585 DEPOSIT 29500 645085 ACCRUED EXPENSES 36390 OPERATING LEASE LIABILITY, CURRENT 161970 OPERATING LEASE LIABILITY, NON-CURRENT 494896 693256 1248000 10607 26323 36930 1211070 947 947 1212017 1298224 26323 26323 1271901 947 947 1272848 XI LINE 2D FUNDRAISING EXPENSES REPORTED ON SCHEDULE G AS OFFSET TO FUNDRAISING INCOME. XII LINE 2D FUNDRAISING EXPENSES REPORTED ON SCHEDULE G AS OFFSET TO FUNDRAISING INCOME GALA 75155 75155 14493 AUCTION 35673 35673 5869 1 15547 15547 5961 126375 126375 26323 26323 100052 X DONATED AUCTION ITEMS 250 65648 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS HAS THE AUTHORITY TO ELECT NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE ANNUAL FORM 990 AND RELATED SCHEDULES. FORM 990 IS PROVIDED TO THE ORGANIZATIONS EXECUTIVE DIRECTOR AND TREASURER AND IS REVIEWED FOR ANY OBVIOUS ERRORS AND OMISSIONS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND TO REVIEW THE CONFLICT OF INTEREST POLICY AND ATEST THAT THEY ARE IN COMPLIANCE WITH SAID POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR ANNUALY. BOARD APPROVAL IS REQUIRED FOR THE ANNUAL COMPENSATION PACKAGE FOR THIS INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART X LINE 15 AND 25 FOR THE YEAR ENDED 6/30/2025 A RIGHT OF USE ASSET WAS REPORTED ON THE PART X BALANCE SHEET ON LINE 15 IN THE AMOUNT OF $645,085 AND THE CORRESPONDING LIABILITY IS REPORTED ON PART X LINE 25 IN THE AMOUNT OF $693,256. THE ORGANIZATION ACCOUNTS FOR OPERATING LEASES IN ACCORDANCE WITH ASC 842. AT LEASE COMMENCEMENT, A RIGHTOFUSE (ROU) ASSET AND A LEASE LIABILITY ARE RECOGNIZED BASED ON THE PRESENT VALUE OF FUTURE LEASE PAYMENTS, DISCOUNTED USING THE ORGANIZATION'S INCREMENTAL BORROWING RATE OR THE RISKFREE RATE. LEASE EXPENSE IS RECOGNIZED ON A STRAIGHTLINE BASIS OVER THE LEASE TERM. THE ORGANIZATION APPLIES THE SHORTTERM LEASE EXEMPTION FOR LEASES WITH TERMS OF 12 MONTHS OR LESS, RECOGNIZING RELATED PAYMENTS AS EXPENSE. ROU ASSETS AND LEASE LIABILITIES ARE PRESENTED SEPARATELY IN THE STATEMENT OF FINANCIAL POSITION. PART X LINE 10A WRITE-OFF OF CAPITALIZED PROJECT COSTS: A PRIOR PERIOD ADJUSTMENT OF $81,557 WAS RECORDED TO WRITE OFF ARCHITECTURAL AND CONSULTING FEES THAT HAD PREVIOUSLY BEEN CAPITALIZED IN CONNECTION WITH A PROJECT THAT WAS NEVER COMPLETED AND WAS SCRAPPED PRIOR TO THE CURRENT FISCAL YEAR. THIS ADJUSTMENT WAS NECESSARY TO REMOVE COSTS THAT NO LONGER MET THE CRITERIA FOR CAPITALIZATION UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE FIXED ASSET BALANCE OF $22,866 REPORTED ON LINE 10A REFLECTS THESE REVISIONS. PART XII LINE 2C THE AUDIT IS REVIEWED AND APPROVED BY QUALIFIED INDIVIDUALS DESIGNATED BY THE BOARD OF DIRECTORS, 990 PART XI LINE 8 DURING THE AUDIT FOR THE FISCAL YEAR ENDED JUNE 30, 2025, THE FOLLOWING PRIOR PERIOD ADJUSTMENTS WERE IDENTIFIED AND RECORDED. THESE ADJUSTMENTS AFFECTED THE BEGINNING NET ASSETS FOR THE YEAR AND ARE REPORTED ON FORM 990, PART XI, LINE 8: 1.WRITE-OFF OF CAPITALIZED PROJECT COSTS: A PRIOR PERIOD ADJUSTMENT OF $81,557 WAS RECORDED TO WRITE OFF ARCHITECTURAL AND CONSULTING FEES THAT HAD PREVIOUSLY BEEN CAPITALIZED IN CONNECTION WITH A PROJECT THAT WAS NEVER COMPLETED AND WAS SCRAPPED PRIOR TO THE CURRENT FISCAL YEAR. THIS ADJUSTMENT WAS NECESSARY TO REMOVE COSTS THAT NO LONGER MET THE CRITERIA FOR CAPITALIZATION UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 2. ADDITIONAL RENT EXPENSE: A PRIOR PERIOD ADJUSTMENT OF $14,750 WAS RECORDED TO RECOGNIZE RENT EXPENSE THAT WAS INADVERTENTLY OMITTED FROM PRIOR PERIOD FINANCIAL STATEMENTS. THIS ADJUSTMENT ENSURES THAT ALL RENTAL COSTS INCURRED ARE PROPERLY REFLECTED IN THE FINANCIAL RECORDS. 3. ACCRUED PAYROLL: A PRIOR PERIOD ADJUSTMENT OF $14,400 WAS RECORDED TO ACCRUE PAYROLL EXPENSES THAT WERE EARNED BY EMPLOYEES IN THE PRIOR PERIOD BUT NOT PREVIOUSLY RECORDED. THIS ADJUSTMENT WAS MADE TO PROPERLY MATCH PAYROLL COSTS TO THE PERIOD IN WHICH THE RELATED SERVICES WERE PERFORMED. 4. ACCRUAL OF VACATION LIABILITY: A PRIOR PERIOD ADJUSTMENT OF $12,289 WAS RECORDED TO ACCRUE VACATION LIABILITY FOR EMPLOYEE EARNED BUT UNUSED VACATION TIME AS OF THE PRIOR PERIOD END. THIS ADJUSTMENT WAS NECESSARY TO COMPLY WITH THE ACCRUAL BASIS OF ACCOUNTING AND TO ACCURATELY REFLECT THE ORGANIZATION'S LIABILITY FOR COMPENSATED ABSENCES. THE TOTAL AMOUNT OF PRIOR PERIOD ADJUSTMENTS REPORTED ON FORM 990, PART XI, LINE 8 IS $122,996, REPRESENTING THE SUM OF THE INDIVIDUAL ADJUSTMENTS DESCRIBED ABOVE. THESE ADJUSTMENTS WERE MADE TO CORRECT ERRORS AND OMISSIONS IDENTIFIED DURING THE AUDIT, ENSURING COMPLIANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) AND ACCURATE REPORTING OF NET ASSETS. EACH ADJUSTMENT IS REFLECTED IN THE BEGINNING NET ASSETS FOR THE YEAR AND IS DOCUMENTED IN THE AUDIT WORKPAPERS AND SUPPORTING SCHEDULES