Tri-Cities Broadcasting Foundation Inc.

“Expenses advertising and promotion 22,874 office expense 2,038 travel expense 6,386 insurance 1,944 charitable contributions 725 dues and subscriptions 1,833 licenses and permits 905 meals and entertainment 1,515 music licensing 756 repairs and maintenance 768 supplies 13,395 website streaming 1,445 bank charges 25 commission 250 non-investment depreciation 10,695 total 65,554”

“Equipment 74,925 74,925 less accumulated depreciation 51,811 62,506 software 1,042 6,300 less accumulated amortization 1,042 2,619 start up costs 5,258 0 less accumulated amortization 1,227 0 security deposit 400 400 total 27,545 16,500”

“Federal withholding 3,084 3,987 state withholding 510 638 accrued wages 3,108 0 loans from officers 1,000 0”

“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.”