Putnam Little League

Schedule O:

“Part I Line 8: Other Revenue -Other revenue consists of concession stand income totaling $8,284.00. Line 16: Other Expenses -Other expenses include the following operating costs: -Little League uniforms and equipment ? $18,547.51 -First Aid supplies ? $478.72 -Annual Little League Charter ? $1,635.61 -Closing Day facility rental ? $625.00 -Concessions supplies (food, cooking supplies, utensils, cleaning products) ? $6,056.41 -Fall Ball banquet ? $690.92 -Total other expenses reported on Line 16: $44,603.00 *Note: Capital asset purchases are not included in Line 16 and are instead reported as changes in net assets (Line 20) and as ending-year assets (Line 24). Line 20: Other Changes in Net Assets -During the year, the organization acquired new fixed assets totaling $17,214.52, consisting of: -Dugouts (capital improvement) ? $11,000.00 -Permanent benches (Baseball 2 and Softball 2) ? $4,831.00 -AED equipment ? $1,383.52 *Of this amount, $8,494.00 represents the portion funded from current-year revenue that was not recorded as an expense, and is therefore reported as an adjustment to net assets on Line 20. *This adjustment brings Part I into agreement with ending net assets reported in Part II, Line 27. Part II Line 24: Other Assets -Other assets at year end reflect capital assets acquired during the year: - Permanent benches ? $4,831.00 -AED equipment ? $1,363.52 -Total other assets reported on Line 24: $6,194.52 (Rounded per software entry: $6,195) Part II Line 26: Liabilities The organization had no liabilities at the beginning or end of the year. Schedule A Reporting Explanation: In prior tax years, the organization filed Form 990-N (e-Postcard). Form 990-N does not require the reporting of revenue, expenses, or public support information, and no financial data is submitted to the IRS when filing the postcard return. Because this Form 990-EZ represents the first year in which the organization is filing a full informational return, the organization is treated as being within its first five years for public support test purposes. In accordance with IRS Schedule A instructions, prior-year support amounts are shown as zero, and only the current years revenue is required to be reported. The organization has therefore properly completed Schedule A, Part III, Line 14 (?First Five Years), and has reported support information for the current year only.”