Mt. Moriah Preschool Inc.

“Cristy bouknight received 1,440 of compensation (as disclosed on page 2, part iv) as consideration for services performed as a "music teacher" during the same time period while serving in the role of treasurer on the organization's board of directors. Her duties and compensation are approved by the board of directors and are independent of the services she performs for the organization as the board treasurer.”

“Expenses advertising 645 staff development 100 educational development 728 insurance - liab, d&o 1,951 bank charges 65 books,subscrip, reference 961 supplies 1,187 reimbursements 141 non-investment depreciation 942 total 6,720”

“Accounts receivable 717 523 furniture & equipment 9,440 9,952 less accumulated depreciation 8,362 9,305 undeposited funds 1,105 805 donated material (in kind contr) 529 529 employee program service fees 4,596 7,476 total 8,025 9,980”

“Accounts payable and accrued expenses 12,851 15,832 loans from officers 3,400 0”

“The school is a non-profit, non discriminating preschool for preschool children age two, until eligible for kindergarten. The school is organized and administered by a board of directors working cooperatively with the staff in order to fulfill the needs in the clayton and the surrounding communities of johnston and wake counties. The school is incorporated by the state of north carolina.”