Morning Cheer Inc.

“Presented by the chairman of the finance committee to the board of trustees prior to filing.”

“Annually, at the september meeting, each trustee completes and signs a conflict of interest statement for the purpose of full disclosure, which is kept on file in the administration office. Sandy cove ministries has a whistleblower policy in place for employees.”

“The compensation for the president of sandy cove ministries is determined and reviewed annually by the board of trustees. The total compensation package is designed by comparing similar scope non-profits and measured by key performance metrics set annually by the board. Sandy cove ministries does not have any employees meeting the definition of a key employee.”

“Available upon request and through guidestar.org”

“Building & grounds maintenance: program service expenses 201,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 201,999. Honoraria: program service expenses 163,057. Management and general expenses 0. Fundraising expenses 0. Total expenses 163,057. Programs & recreation: program service expenses 79,836. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,836. Professional fees: program service expenses 367. Management and general expenses 72,822. Fundraising expenses 0. Total expenses 73,189. Miscellaneous: program service expenses 33,167. Management and general expenses 37,273. Fundraising expenses 26. Total expenses 70,466. Telephone: program service expenses 59,282. Management and general expenses 9,139. Fundraising expenses 1,421. Total expenses 69,842. Equipment rental & maintenance: program service expenses 41,009. Management and general expenses 17,991. Fundraising expenses 0. Total expenses 59,000. Printing & publications: program service expenses 46,895. Management and general expenses 0. Fundraising expenses 6,403. Total expenses 53,298. Deferred compensation: program service expenses 42,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,999. Training: program service expenses 12,912. Management and general expenses 28,574. Fundraising expenses 517. Total expenses 42,003. Postage & shipping: program service expenses 33,906. Management and general expenses 1,197. Fundraising expenses 6,577. Total expenses 41,680. Consulting: program service expenses 29,469. Management and general expenses 0. Fundraising expenses 2,294. Total expenses 31,763. Vehicle expense: program service expenses 29,023. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,023. Subscriptions & dues: program service expenses 17,762. Management and general expenses 3,481. Fundraising expenses 400. Total expenses 21,643. Taxes: program service expenses 11,405. Management and general expenses 9,597. Fundraising expenses 0. Total expenses 21,002. Laundry & linen: program service expenses 15,263. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,263. Bad debt expense: program service expenses 9,880. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,880. Childcare/teen events: program service expenses 9,004. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,004. Contributions: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,550. Total expenses 2,550. Medical expense: program service expenses 2,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,068.”

“Impairment reserve -778,612.”