Souls Grown Deep Foundation Inc.

“Expenses office 2,830 supplies 1,632 website developoment 1,195 travel 6,858 meals and entertainment 573 meetings 446 interest expense 545 insurance on art 23,156 bank fees 824 state registration 90 storage 2,147 licenses fees 313 dues & subscriptions 160 repairs & maintenance 1,160 total 41,929”

“Form 990-ez, part ii - line 26 & 27 - negitive fund balance the organization's art collection is comprised of more than 1,200 works of art. The note payable is secured by three pieces of art. In conformity with accounting practices generally followed by art museums, the value of the organization's collections has been excluded from the net asset fund balance.”

“Prepaid expenses and deferred charges 0 20,000 total 0 20,000”

“Credit card payable 0 8,921 note payable 0 400,000”

“To collect and preserve important examples of african american vernacular art; to work with other organizations to host shows, lectures and symposia.”