| Item No. | 1 |
|---|---|
| Lender's Name | Matthew Reese |
| Lender's Title | Music Director |
| Original Amount of Loan | 2581 |
| Balance Due | 2581 |
| Date of Note | 2019-12 |
| Maturity Date | 2022-12 |
| Repayment Terms | WYS will reimburse Matthew Reese $2,581 for orchestra expenses personally incurred, when available |
| Interest Rate | |
| Security Provided by Borrower | None |
| Purpose of Loan | To begin operations of the Washington Young Sinfonia before fundraising efforts could begin. |
| Description of Lender Consideration | Matthew Reese, the Music Director of the Washington Young Sinfonia personally incurred $2,581 in orc |
| Consideration FMV | 2581 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Website: Wix Premium Plan (Pro) + Mailbox | 324 | 0 | 0 | 0 |
| Donorbox Donation Platform Fees | 22 | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| Excess board member contributions to avoid deficit. | 31 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Musician Honorarium: Samuel W Stout | 100 | 0 | 0 | 0 |
| Musician Honorarium: Lily Homma | 100 | 0 | 0 | 0 |
| Musician Honorarium: Sylvia Leith | 500 | 0 | 0 | 0 |