Amended return information |
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. THE CHANGES THAT OCCURRED WAS IN TOTAL PAYROLL AND OTHER EXPENSES. THE PAYROLL TAX WAS INCLUDED ON AN OTHER EXPENSE LINE INSTEAD OF THE TOTAL WAGES LINE. WE ALSO CLEARED AN ERROR WITH ACCUMULATED DEPRECIATION. ADDITIONAL BOARD OF DIRECTOR MEMBERS WERE ADDED RO THE SHORT LIST ON THE ORIGINAL RETURN. |
General explanation attachment |
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. |
Description of other revenue Part I line 8 |
DESCRIPTION AMOUNTTENANT LEASE INCOME 25,160ROOM RENT 6,755 |
Description of other expenses Part I line 16 |
DESCRIPTION AMOUNTDEPRECIATION FROM 4562 11,709ADVERTISING & MARKETING 975CHARITABLE CONTRIBUTIONS & DONATION 31EDUCATION 25INSURANCE 323LICENSE DUES SUBSCRIPTIONS 675OFFICE SUPPLIES 632SERVICE FEES & CHARGES 686MARKET EXPENSES 7,238PROGRAM EXPENSES 8,415BLDG RENTAL DAMAGE EXPENSE 214IN KIND EXPENSE 6,000MILEAGE REIMBURSEMENT 435MISC FEES 1,128PENALTY AND INTEREST 52 |
Description of other assets Part II line 24 |
CATEGORY BEGINNING OF YEAR END OF YEARSTAGE EQUIPMENT 2,167 2,167OFFICE EQUIPMENT 650 650STRUCTURAL REPAIRS & SIGNABE 21,048 21,048HVAC 17,946 17,946ROOF REPLACED 36,306 36,306WINDOW PAINTING 17,764 17,764GUTTERS, DOWNSPOUTS 3,000 3,000PATIO 4,891 4,891APPLIANCES 1,074 1,074CHAIRS 3,382 3,382PROJECTION EQUIPMENT 742 742MINI SPLIT AC 5,850 5,850SIDEWALKS 5,759 5,759LAPTOP 0 850BLUETOOTH SPEAKER 0 319MUSIC STANDS 0 275DIGITAL PIANO 0 895 |
Description of total liabilities Part II line 26 |
CATEGORY BEGINNING OF YEAR END OF YEARTENANT LEASE SECURITY DEPOSIT 2,026 2,026PAYROLL LIAB 1,214 1,371ACCUMULATED DEPRECIATION 23,950 35,659BUILDING ROOM RENTAL DEPOSIT 250 300UNSOLICITED REVENUE MERIT ACCT 0 888ADJ ACCUMULATED DEP 0 9,100 |
Part II response or note to any other line in Part II |
28. SECOND STAGE AMHERST PROVIDES AFFORDABLE SPACE FOR THE COMMUNITY TO GATHER FOR ARTISTIC, CULTURAL, AND COMMUNITY PERFORMANCES, EVENTS, AND WORKSHOPS. WE HOST AND PARTNER WITH OTHER ORGANIZATIONS TO BRING UNIQUE, HIGH-QUALITY ENTERTAINMENT TO AMHERST COUNTY. 29. AFFORDABLE STUDIO SPACE IS RENTED TO LOCAL ARTISTS AND SMALL BUSINESSES. WE WORK TOGETHER TO POSITIVELY IMPACT OUR COMMUNITY AND ENCOURAGE ONE ANOTHER IN BUSINESS. PRIVATE OCCASIONAL RENTALS IN OUR HISTORIC VENUE ARE WELCOME AND ENCOURAGED. 30. WEEKLY FARMERS MARKETS ARE HELD THROUGHOUT THE SUMMER, PROVIDING LOCAL FARMERS AND ARTISTS AN OPPORTUNITY TO SELL AND ENABLING THE COMMUNITY TO SHOP LOCALLY. REMAINING PRODUCE IS PURCHASED FROM VENDORS AND DONATED TO AREA FOOD PANTRIES FOR OUR NEIGHBORS IN NEED. |