Divine Threads

“Description AmountDepreciation from 4562 3,756Program expenses 29,579Software subscriptions 1,749Website 3,961Processing fees 1,310Insurance 1,989Internet 1,212Taxes and Licenses 172Office supplies 815Clothing donations given 7,526Meals for consultants/donors 583”

“Description AmountAdjust prior year grant receivable 2,236Adj prior yr unearned grant revenue (5,050)”

“Category Beginning of Year End of YearClothing/shoe inventory 145,240 139,168Accounts receivable 1,064 0Right of Use Asset 9,423 5,655Tenant Improvement Allowance 25,219 16,265Grant Receivable 7,764 17,764Furniture (net of depreciation 2,317 2,035Leasehold Improv (net of amort 56,300 52,826Pledges Receivable 0 9,000Prepaid Expenses 0 1,024”

“Category Beginning of Year End of YearPayroll liabilities 2,332 4,376Lease Liability 34,642 21,920Unearned Grant Revenue 0 19,204Accounts Payable 0 247Credit Card Payable 0 527”

“Redonated excess and dated clothing items worth a value of $11,083 to other similar nonprofit organizations for women shelters and nonprofit thift shops.”

“The organization added a Tech Literacy program to educate women for computer skills needed for job applications and skills.The organization also added a support group program for women going through emotional trauma.”

“Sale of unsuitable donated clothing to volunteers at estimated fair market value is used to purchase suitable clothing for program clients. This is an activity related to the mission of the organization and not an unrelated business income.”