Global Empowerment Services Inc.

“A grant of $12000 was paid to Good News Service Society in Bhopal, India (Foreign grant). This grant was used to pay for four different programs previous approved by the Board of Directors at Global Empowerment Services Inc. They were evaluated and found to confirm to our mission statement. These programs include 1) day-care centers for children living in the poor neighborhoods in Bhopal, India; 2) private school for children living in small villages at the suburb of Bhopal, India providing standard Indian education for 150 to 250 student up to junior high school levels; 3) basic Hindi language and sewing training program for adult women living in poor neighborhoods in Bhopal, India; and 4) basic computer skill training program for young adults. A grant of $8000 was paid to individuals as COVID-19 disaster relief per grant agreement with Hope for New York (our partnering non-profit organization). Over 14 individual adults associated with our adult ESL classes from the Jamaica community in Queens, NY have each received cash ranging from $400 to $700. When each person received the cash, he or she would provide us with his/her signature. A third grant from Hope for New York, only $970 out of $5000 was spent to purchase toys and gifts which were given to children in the most affected families due to COVID-19 pandemic in the Jamaica community in Queens, NY. Hope for New York has given us the extension until April 2021 to completely spend the remining of the $5000 grant funds to pay for toys and gifts for children in the same neighborhoods.”

“When we terminated the subleasing contract for our office in Queens, NY. in October 2020, it was agreed that we would not received the security deposit back in the amount of $5400. Therefore, the repaid rent account was credited for $5400. The 2020 ending balance for prepaid rent was $0. During 2020, the net charge was $98 associated with banking services at Bank of America.”

“When we terminated our subleasing agreement for the office in Queens, NY, it was agreed that we would not received the security deposits of $5400. Therefore, this amount was considered as a non-cash expense and the pre-paid rent was credited for $5400. At the end of 2020, the pre-paid rent (other assets) balance was $0.”