Act Inc - Adults Caring for Teens

“An ammended irs form 990 return is being generated and submitted to reflect $9,500 loaned to the organization from the executive director. In the initial form 990 tax return submitted it was mistakenly noted that the funds were borrowed by the executive director when in fact the funds were actually loaned to the organization by the executive director to cover operating expenses.”

“Description AmountMISCELLANEOUS 80INSURANCE REFUND 93”

“Description AmountCOMMUNITY OUTREACH 697BENEVOLENCE 226PERMITS AND FEES 35RECRUITING 54BANK CHARGES 6FUND RAISING 745INSURANCE 404INTEREST CHARGES 15INTERNET 161SUPPLIES 874MEAL AND ENTERTAINMENT 154PROFESSIONAL DEVELOPMENT 39PROFESSIONAL SERVICES 120FOOD 1,144FAMILY STABLIZATION 5,044TRAVEL 340ARTS AND CRAFT SUPPLIES 2,412MENTORING OUTINGS 83WORKSHOPS 160TELEPHONE 1,669TAXES 35TRAVEL - NON PROGRAM 8,794MEALS - NON PROGRAM 94MISCELLANEOUS 300COUNSELING 100TRAVEL & MEETINGS 2,307OPERATIONS-TELEPHONE 893OPERATIONS- SUPPLIES 330FACILITIES & EQUIPMENT 108PROGRAM ASSISTANT 310PROGRAM DIRECTOR 160VOLUNTEERS 113ADMINISTRATION 17CONTRIBUTIONS 75DUES & SUBSCRIPTIONS 30”

“Description AmountLOAN FROM EXECUTIVE DIRECTOR (9,500)TO REFLECT FUNDS - $9,500, LOANED TO THE ORGANIZATION FROM THE EXECUTIVE DIRECTOR TO COVER OPERATING EXPENSES”

“Category Beginning of Year End of YearCURRENT LIABILITIES 3,361 4,357LOAN FROM EXECUTIVE DIRECTOR 0 9,500”