Franklin Chargers Pop Warner Association

“Form 990-ez, part i, line 4, other investment income description of property amount interest income 2 form 990-ez, part i, line 7, gross profit from sales of inventory: income amount 1 gross receipts 1,825 2 returns and allowances - 3 line 1 less line 2 1,825 4 cost of goods sold (line 13) 5,456 5 gross profit (line 3 less line 4) (3,632) cost of goods sold 6 inventory at beginning of year 75,375 7 merchandise purchased 5,456 8 cost of labor - 9 materials and supplies (8,988) 10 other costs - 2019 ending inv. Overstated (1,375) 11 add line 6 thru 10 70,423 12 inventory at end of year 65,012 13 cost of goods sold (line 11 less line 12) 5,456 form 990-ez, part i, line 16, other expenses desecription of other expenses: amount other expenses (2,313) football expenses - cheer expenses - depreciation - total to form 990-ez, line 16 2,313”

“Expenses other expenses 2,313 total 2,313”

“2019 ending inventory overstatement -1,375 inventory writedown -8,988”

“Form 990-ez, part ii, line 24, other assets 2019 description beg of year end of year inventory 75,375 65,012 other depreciable assets - - total to form 990-ez, line 24 75,375 65,012”

“Inventories for sale or use 6,781 12,049 9,010 0 less accumulated depreciation 9,010 0 see schedule o 75,375 64,967 total 82,156 77,016”

“Depreciation for remaining assets”