Saxtons River Montessori School Inc.

“On 12/24/23 926 shares of ge stock was donated and converted to cash in td ameritrade (now schwab) account. 9,801. Bookkeeper thought account was maintained in name of donor. Donation, interest and asset never booked and never reported on tax return. Transfers to operating account were reported as negative income--scholarship. This was interpreted in returns as forgiveness of tuition of -5050 in current books fy 6/30/23 but shown as reduction in asset on this return.”

“Expenses office expense 1,577 miscellaneous 510 bank fees 11 bank fees 15 credit card bank fees 1,954 dues subscriptions 750 payroll expense 241 mortgage interest 3,532 fire/ liability 4,218 workers comp 1,186 d&o officer's insurance 1,025 classroom expense 6,859 professional development 160 to balance 131 membership fire/ safety 360 non-investment depreciation 3,136 total 25,665”

“A/r & prepaid exp 6944 0 32 adj a/p paid before ye 0 -4,721 book / tax depreciation difference 4”

“Prepaid expenses and deferred charges 912 942 228,021 228,021 less accumulated depreciation 175,616 178,752 petty cash 0 0 undeposited funds 755 2,140 schwab account 4,767 0 total 58,839 52,351”

“Accounts payable and accrued expenses -794 0 unearned tuition -this yr 17,055 18,988 unearned tuition -next year 2,050 0 security deposit - apartment 700 700 ppp federal 0 0 payroll tax 269 919 mortgage 57,718 53,574 direct deposit liabilities -1,635 -1,635 credit bal on receivables due studen 3,910 0”