2026-09-06T13:01:41-07:00 2025-10-31 990EZ 2024-11-01 411609565 LAKE SUPERIOR CHAMBER ORCHESTRA LAKE 2183431653 PO Box 434 Duluth MN 558010434 Julia Cheng Grants and Business Manager 2183431653 2026-09-05 1 2024 X X lakesuperiorchamberorchestra.com X X 39232 X 21211 18021 0 0 0 0 0 0 0 0 0 0 0 0 0 39232 0 0 25831 3500 0 0 9183 38514 718 -372 -1614 -1268 X 1660 6965 0 0 603 0 2263 6965 2635 8233 -372 -1268 Classical music performance and youth education in musical performance Production of three orchestral concerts at Weber Music Hall (University of Minnesota Duluth campus) 0 26348 Quartet Project youth string day camp running for eight weekdays and evenings, ending with concerts at Weber Music Hall 5000 6450 32798 Nairi Stack Secretary 2 0 James Erickson Board Member 2 0 Katryna Husby Board President, Aug-Oct 2025 2 0 Linnea Swenson Tellekson Board Member 2 0 Charles Leibfried Board president, Nov 2024-Jul 2025 1 0 Gregory Repensky Board member, Nov 2024-Jul 2025 1 0 Teri Akervik Board member, Nov 2024-Jul 2025 1 0 Julia Cheng Grants and Business Manager 3 2700 Byron Klimek Quartet Project Coordinator 2 1100 Ho-Yin Kwok Artistic Director 3 3000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Julia Cheng PO Box 434 Duluth MN 558010434 2183431653 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 3483 9087 22798 12285 21211 68864 3187 8785 12462 18021 42455 3483 12274 31583 24747 39232 111319 111319 115 115 0 0 0 115 0 115 0 3483 12274 31583 24862 39232 111434 0.99897 0.91850 0.00103 0.00135 X Schedule A, Part III, Line 2 The amounts of $8,785 and $12,462 on Part III, Line 2, columns (c) and (d) now include $1,800 and $5,050 for Quartet Project tuition (service income related to the organization's tax-exempt purpose), which were erroneously reported on the 2023 Form 990, Schedule A, Part III, line 12, columns (d) and (e) as Other Income. The error caused the FY2023 public support percentage to be calculated as 91.85% - which carries into Line 16 of FY2024 Form 990, Schedule A, Part III - when it should have been 99.87%. Form 990-EZ, Part I, Line 10 No grants given to any other organizations Form 990-EZ, Part I, Line 16 Description;Amount^Admin general expenses and payment processing fees;636|Admin liability and workers comp insurance;1785|Admin payroll processing subscription;596|Concert production auditorium rental;2160|Concert production music royalties;1970|Concert production program printing;715|Concert production promotion;579|Quartet Project student t shirts;654|Quartet Project music royalties;88^Total;9183^ Form 990-EZ, Part I, Line 20 A prior period adjustment to increase ASCAP dues expense by $1,189 for FY2020-2021, FY2021-2022, and FY2023-2024 and to record finance charges of $425 reduces net assets by ($1,614). Understating operating expense resulted in overstating net income and therefore net assets, so debit net assets and credit accounts payable to adjust. Tax returns are filed for these fiscal years already, so adjust in FY2024-2025. Journal entry JE-ASCAP-02 was executed on 09/28/2024. ASCAP and the LSCO reached an agreement to forgive COVID-era dues, abate finance charges, and restructure the membership in March 2026. Journal entries to make appropriate adjustments were executed for FY2025-2026 on 03/25/2026. /Julia Cheng, Grants and Business Manager Form 990-EZ, Part II, Line 24 Description;EOY Amount^Accounts receivable was cleared during the fiscal year;0^Total;0^ Form 990-EZ, Part II, Line 26 Description;EOY Amount^Accounts payable including past due ASCAP charges;3733|Unreleased restricted donation to Quartet Project;500|Unearned income for Wirth Center for summer 2026;4000^Total;8233^