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DocuSign Envelope ID:OB8A8B61-1417-44D9-9C3A-2C75D1A48A10 <br /> What is your 350000 <br /> organization's <br /> estimated financial <br /> loss to date as a <br /> result of COVID-19 <br /> (dollar amount): <br /> What amount are 5000 <br /> you requesting? <br /> If granted, how will We would use these funds to offset the unexpected new expenses <br /> you use the funds? we have incurred to create revenue outside our building. The <br /> marketing and emailing of our patrons has increased our expenses <br /> with our email newsletter service mailchimp. Our Facebook <br /> advertising costs have increased as we are tryin to reach more <br /> people outside the Orange County area to try our online classes. <br /> We have increased our technology expenses with Zoom leases to <br /> allow teachers to use them at no cost. <br /> Another increased expense at the cost of reduced revenue has been <br /> the increase expenses from our cleaning company who now cleans <br /> more often to conform to guidelines. <br /> Have you received We received a PPP loan of $103,000 / EIDL loan $99,500 / NCAC <br /> or applied for any support from CARES ACT grant $7,500. <br /> other emergency <br /> funding, either <br /> through the CARES <br /> Act, NEA, or any <br /> other emergency <br /> relief fund? Please <br /> explain. <br /> Does your We have a cash reserve of $325,00, this includes money from our <br /> organization have capital campaign fund that supplement our operating expenses. We <br /> cash reserves? If so, are using our operating reserves from our annual fundraising and <br /> please explain your revenue but with a $1.5M dollar budget, our reserve will not last very <br /> decision to use or long and we are working to cut expenses and raise extraordinary <br /> not use these funds to stretch our reserve for as long as possible. <br /> reserves as a result <br /> of COVID-related <br /> losses. <br /> Please upload your organization's most recent Form 990 or most recent year-end financial <br /> statement. <br /> 9902018.pdf <br /> How else may we I think helping to promote our online classes and recruit teaching <br /> help you right now? artists who are willing to work online or offer in person classes to <br /> small groups as single day workshops would be a huge help. <br />