Payson Community Kids Inc

“Suzy Tubbs and Jon Avakian are a legally married couple in Arizona.”

“The board reviews the tax return upon completion by the tax preparer, compares to year-end financial reports approved at year-end, and votes to approve or disapprove the filing of the return.”

“Members of the board meet in execurtive session to review employment application, approve or disapprove of applicants, discuss and approve wages.”

“The organization has a conflict of interest policy which is part of the PCK Employee Handbook dated September 2022 and is available to all employees and volunteers. The organization also has a grievance policy and reportable offenses policy as part of this handbook which is followed by the Board of Directors, employees, and volunteers.”

“Governing documents are made available upon written request. Any individual requesting such documents may review said documents at the office of the organization.”

“These lines includes the sale of land donated on 01/31/2024 and sold on 04/04/2024 for 110,000 less costs of 3,143.51 to receive the donation of the land and 9,364.05 in closing costs on the sale of the donated land for total amount received of 97,492.44 to be used for PCK mission purposes.”

“These lines contain expenses of 6,317.43 for the PCK fundraiser, All the Bags Luncheon. These expenses were used to raise the 21,119 from the fundraing event. The funds raised are shown on the Part VIII schedule Line 1c, Fund Raising Events..”

“This line includes federal employee retention tax credit amounts received of 13,678.66 and 14,068.51 from the US Treasury on 11/12/2024 for a total of 27,747.17.”

“This line includes the sale of land donated on 01/31/2024 and sold on 04/04/2024 for 110,000 less costs of 3,143.51 to receive the donation of the land and 9,364.05 in closing costs on the sale of the donated land for total amount received of 97,492.44 to be used for PCK mission purposes.”

“This line includes federal employee retention tax credits received of 13,678.66 and 14,068.51 on 11/12/2024 for a total of 27,747.17. This line also contains expenses of 6,317.43 for the PCK fundraiser, All the Bags Luncheon. These expenses were used to raise the 21,119 from the fundraing event. The 27,747.17 in employee retention tax credits less the fund raising expenses of 6,317.43 equals the total of 21,429.74 on this line.”

“Volunteers provide staffing at the after-school programs, prepare snacks/meals for the children, collect donation of food, supplies, clothing etc and distribute on a regular basis. They provide tutoring services, administrative services, and other services as needed.”

“26,400 in SBA loans remaining shown from 2020 and 2021. The organization paid back 7,500 on 09/04/2024 leaving year end balance at 26,400.”

“Line 8 Prior period adjustment on closing out bank accounts at one bank and movement to another bank. Funds involved 3,518.64, Line 9 Rounding 2”