| Employee | Explanation |
|---|---|
| William Moran III | Individual paid as a 1099 employee |
| Item No. | 1 |
|---|---|
| Lender's Name | William Moran III |
| Lender's Title | Executive Director |
| Original Amount of Loan | 35992 |
| Balance Due | 8307 |
| Date of Note | 2024-03 |
| Maturity Date | 2025-12 |
| Repayment Terms | As cashflow allows |
| Interest Rate | 0 |
| Security Provided by Borrower | none required |
| Purpose of Loan | Secure operations |
| Description of Lender Consideration | Time and marketing |
| Consideration FMV | 45000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Mentee union fees/supplies/Graduation event | 15,940 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Consulting - Trainers in the areas of financial literacy; math skills related to union entrance exam | 22,075 | 0 | 0 | 0 |