Old Bird Inc

“In recent years we had just been filing 990-N postcards. This was our first filing of a 990EZ in many years. In 2021 even though the organization's income was less than $6k we decided to go with the 990EZ because it allows up to record our project activities. An audit of our books in 2022 led to the discovery that several errors were made in our 2021 990EZ. The errors largely center around where and how we reported loan income and end of year liability as specifically noted below: Line 8 was report as $0. This line should be $5195 the total loan income we relied on in 2021 and it should have been reported in Schedule O. This change results in changes in the ensuing totals reported in lines 9 18 & 21. Line 24 was reported at $0. This line should be $4992 which was our remaining loan asset at the end of the year. Line 25 should also be $4992 as the remaining loan asset is our total liability. These two changes result in a change in Line 27 to $2025 instead of the reported 3171.”

“| Other Revenues:, Amount:| An audit of our books in 2022 led to the discovery that several errors were made in our 2021 990EZ. The errors largely center around where and how we reported loan income and end of year liability as specifically noted below: Line 8 was previously report as $0. This line should be $5195 the total loan income we relied on in 2021 and it should have been reported in Schedule O., $5195|”

“| Other Expenses:, Amount:| Business insurance: $1029, $1029| Line of credit payment to Alternatives Federal Credit Union: $314 $111 interest income paid in 2021, $314| NYS Charities tax: $25, $25| other, $57|”

“| Explanation:, BOYAmount:, EOYAmount:| Previously we did not consider our outstanding loan as an "asset"., $0, $4992|”

“| Explanation:, BOYAmount:, EOYAmount:| Previously we had listed our total line of credit for the year from Alternatives Federal Credit Union $5195 instead of just the end of year total of $4992, $0, $4992|”