| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 675 | 0 | 0 | 675 |
| Item No. | 1 |
|---|---|
| Lender's Name | JADE FRAUNDORFER |
| Lender's Title | FOUNDER |
| Original Amount of Loan | 1000 |
| Balance Due | |
| Date of Note | 2020-09 |
| Maturity Date | 2021-10 |
| Repayment Terms | BALLOON PYMT |
| Interest Rate | |
| Security Provided by Borrower | 0 |
| Purpose of Loan | FOR START UP EXPENSES |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM OFFICER | 0 | 783 | 783 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE | 884 | 0 | 0 | 884 |
| MEMBERSHIP DUES | 3,996 | 0 | 0 | 3,996 |
| POSTAGE | 417 | 0 | 0 | 417 |
| SCHOOL EQUIPMENT | 1,620 | 0 | 0 | 1,620 |
| BANK FEES | 76 | 0 | 0 | 76 |
| SUPPLIES | 2,389 | 0 | 0 | 2,389 |
| WEBSITE | 491 | 0 | 0 | 491 |
| OFFICE EXPENSE | 180 | 0 | 0 | 180 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| PROGRAM SERVICE FEES | 33,915 | 13,602 | 20,313 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PERMITS & LICENSES | 398 | 0 | 0 | 398 |