| Item No. | 1 |
|---|---|
| Lender's Name | Ranney B Jackson Sr |
| Lender's Title | Executive Director |
| Original Amount of Loan | 2800 |
| Balance Due | 2800 |
| Date of Note | 2020-02 |
| Maturity Date | 2021-12 |
| Repayment Terms | Payment when the organization gets money to sustainable itself |
| Interest Rate | |
| Security Provided by Borrower | No Security |
| Purpose of Loan | To purchase office materials for the office of the business |
| Description of Lender Consideration | No consideration |
| Consideration FMV | 2800 |
| Item No. | 2 |
|---|---|
| Lender's Name | Alice Jackson |
| Lender's Title | Chairlady of the Board of Directors |
| Original Amount of Loan | 2100 |
| Balance Due | 2100 |
| Date of Note | 2020-02 |
| Maturity Date | 2021-12 |
| Repayment Terms | When the organization gets money |
| Interest Rate | |
| Security Provided by Borrower | No Security |
| Purpose of Loan | To purchase office Materials |
| Description of Lender Consideration | No Consideration |
| Consideration FMV | 2100 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Copier Printer | 508 | 0 | 0 | 508 |
| Filing Cabinet | 203 | 0 | 0 | 203 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Amount owed in previous period | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Website construction | 2,200 | 0 | 0 | 2,200 |
| Hosting of Website | 1,371 | 0 | 1,371 | 1,371 |