Even though we charge a small amount to cover lodging, food, and registration services provided to students, we continue to rely on your monetary donations to continue improving and expanding the facilities and services we provide. At this time, we are undertaking renovations on our original facility, Sparks Lodge, and are also paying down a mortgage used to build Otto's Lodge, our newest facility. So far, you have helped us to renovate eight of the twenty-nine rooms in Sparks at a cost of $3,000 per room and pay down $178,000 of the $600,000 mortgage on Otto's Lodge.
Looking toward the future, we are hoping to add more classrooms and parking so that we can better serve the Lapidary community with more classes that interest our students and better accessibility, especially for those with mobility and other concerns. Adding new commons areas and dining facilities will also allow us to reach out to a younger generation, sharing the joy of Jewelry Making and ensuring the legacy we seek to uphold. Additionally, expanding the services we offer online will help us to reach a world-wide audience and make it easier than ever before for the casual rockhound to immerse themselves in the joys of Lapidary and Jewelry Making.
Any contribution goes a long way toward completing our current projects and meeting our future goals. If you are able to make a contribution of $1,000 or more, you or a designated organization, will receive one free week of lodging and class here at William Holland per $1000 donated. Those who contribute $100 toward the renovation of Sparks Lodge will be honored with a special place on our Honorary Contributor's plaques. Contributions may be made in honor of a special person. Clubs or individuals who wish to donate $3,000 toward Sparks Lodge renovations are eligible to become a sponsor for a room and be honored with a plaque placed at their chosen room commemorating their generosity. Very special recognition will be given to those who are able to give in amounts exceeding $10,000.