Whats the Benefit

“"Other Expenses" include sustenance for Board members at quarterly Board meeting; a $200 filing fee for Weaker People LLC, for which What's The Benefit is Managing Member; $240 in bank fees ($20/month); and $5007.77 in loan payments.”

“In October 2014, What's The Benefit acquired a $6,000 loan, the monthly payments for which are accounted for in line 16 "Other Expenses. We are accounting for the $6,000 increase in assets here. Due to the remaining liabilities of said loan, assets also decrease by $5,625, leaving an increase in assets of $375. Further, our answer to this line in our 2013 Form 990 reflects the liability for a separate $20,000 loan, which, at the time, was $18,952. At the end of our 2014 tax year, this liability (payments for which are accounted in line 16 of Expenses) decreased to approximately $13,250. This decrease in liability increases our assets by $5,702. Finally, in our 2013 return, we failed to account for cash in the amount of $651.73, which was kept in a separate bank account. It has now been transferred to our primary - and only - bank account. Altogether, this is a total of $6,728.73 in increased assets”

“Our "other assets" have not changed from the previous year.”

“We have $13,250 remaining liabilities on our $20,000 loan and $5,625 remaining liabilities on our $6,000 loan.”