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        <ExplanationTxt>PART III, PRIMARY EXEMPT PURPOSE - THE BLACKSBURG PARTNERSHIP FOUNDATION IS A NON-PROFIT, ECONOMIC DEVELOPMENT ORGANIZATION FORMED BY THE TOWN, BUSINESS AND UNIVERSITY COMMUNITIES. THE PURPOSE IS TO BOLSTER THE VITALITY OF BLACKSBURG THROUGH PROJECTS THAT ATTRACT VISTORS AND RETAIL PROSPECTS. THE PURPOSE OF THE FOUNDATION IS TO CREATE AND PROMOTE PROJECTS THAT WILL INCREASE AWARENESS AND INTEREST IN BLACKSBURG AND ALSO BRING ATTENTION TO THE VISUAL ARTS. THE FUNDS RAISED FROM THESE PROJECTS WILL GO TOWARDS ENHANCEMENTS TO BLACKSBURG THAT IMPROVE THE QUALITY OF LIFE AND ADD TO THE CURRENT ATTRACTIVENESS OF BLACKSBURG AND THE SURROUNDING COMMUNITIES AS A TOURISM AND RETIREMENT DESTINATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>PART I, LINE 20 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES. FUND BALANCE REQUIRED ADJUSTING TO RECOGNIZE AMORTIZATION OF WEBSITE DEVELOPMENT NOT PREVIOUSLY RECOGNIZED FOR YEARS 2021 - 2023.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>PART II, LINE 24 - OTHER ASSETS INCLUDES INVENTORIES AND AMOUNTS DUE FROM RELATED ENTITY WITH SHARED COSTS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990EZ, Part I, Line 16</FormAndLineReferenceDesc>
        <ExplanationTxt>BANK SERVICE CHARGES 30.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990EZ, Part I, Line 16</FormAndLineReferenceDesc>
        <ExplanationTxt>OFFICE SUPPLIES</ExplanationTxt>
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        <ExplanationTxt>SALES TAX EXPENSE 2.</ExplanationTxt>
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