Safe Avenues

“The finance committee will review the form 990 prior to its filing.”

“Disclosure form completed annually by board members.”

“Reviewed and determined by the executive committee using comparisons to similar nfp's and review of mn non-profits survey.”

“Determined by the executive director and supervisors - comparisons are made to other employees and job expectations are evaluated. Also limited by funding available.”

“Available upon request at organization office.”

“The beginning net assets have been adjusted to reflect a change in accounting principle. The adoption of fasb asc 842 resulted in the recognition of a right-to-use asset of 54,970, accumulated amortization of the right-to-use asset of 12,826 and finance lease of 43,459 as of july 1, 2020. The adoption of fasb asc 842 did not have a material impact on the organization's results of operations, cash flows or debt covenants. See note 9 for additional information on the leases held by the organization. The net assets, beginning of year, as restated as of june 30, 2021 decreased 1,315. The beginning net assets have been adjusted to reflect a change in accounting estimate. The organization qualifies for the tax credit under the cares act and expects to receive tax credits of 141,811 for the quarters ended march 31, 2020 and june 30, 2020. The net assets, beginning of the year, as restated as of june 30, 2021 increased 141,811. The organization has accounted for the erc in accordance with fasb asc 958 -605 as grant revenue. The organization qualifies and expects to receive tax credits by quarter, which are reflected in the financial statements: september 30, 2020 17,562 december 31, 2020 18,047 march 31, 2021 171,641 june 30, 2021 + 165,795 -------- total employee retention credit, fiscal year 2021 373,045 ========== also a cumulative change of 523 was made to the following expense accounts from the prior year audited financials; decrease rent expense 12,600 increase in amortization expense (10,994) incresae in interest expense (2,129) ------------ difference (523) ============ recocnilation of prior period adjustment (1,315) + 141,811 + 373,045 + (523) + = 513,018”