Tri-Cities Broadcasting Foundation Inc.

“Expenses advertising and promotion 18,899 office expense 1,787 travel expense 6,842 interest expense 1,247 insurance 2,602 charitable contributions 520 dues and subscriptions 1,283 licenses and permits 1,111 meals and entertainment 1,201 music licensing 967 repairs and maintenance 824 supplies 8,167 website streaming 1,230 miscellaneous 423 non-investment depreciation 19,468 total 66,571”

“Equipment 60,292 74,925 less accumulated depreciation 32,343 51,811 software 1,042 1,042 less accumulated amortization 781 1,042 start up costs 5,258 5,258 less accumulated amortization 876 1,227 security deposit 400 400 total 32,992 27,545”

“Federal withholding 3,084 3,084 state withholding 510 510 long term notes payable 19,111 0 accrued wages 0 3,108 loans from officers 1,000 1,000”

“We are a non-profit education institution. Our mission in part is to provide educational direction in the broadcasting field to help foster new broadcasting careers for the residents of west michigan. In conjunction therewith, we will provide 24 hour a day free local radio for the community we serve, but also will provide educational programming with respect to broadcasting as a career. As a part thereof, we intend to provide independent community radio to citizens through community educational programming, local music artists not currently offered by commercial stations, public service announcements, local news, feature programs, interviews by aspiring broadcasters, local sports, weather and spiritual programming that are responsive to the needs of the local community.”