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June 22
Cedarwood's 990 is filed. Worth flagging one thing to the board rather than burying it: the form is public. Anyone can read it, and prospective parents sometimes do.
The programme-expense ratio reads well at 84%, which is a number worth knowing you have.
August 19
They have started renting the hall out on weekends. Does that endanger the exemption?
August 20
Not the exemption, no — but it may be unrelated business income, and that is taxable even for a non-profit.
The distinction is what comes with the room. Bare hall, passive rent, excluded. Hall plus staffing, setup or catering, it becomes a service business and lands on a 990-T. Tell me which one they are actually doing.