Tri-Cities Broadcasting Foundation Inc.

“Expenses advertising and promotion 17,324 office expense 1,736 travel expense 5,929 insurance 3,534 charitable contributions 350 dues and subscriptions 1,581 licenses and permits 410 meals and entertainment 2,997 music licensing 432 repairs and maintenance 1,933 supplies 15,140 website streaming 757 bank charges 1 miscellaneous 549 auto expenses 1,079 non-investment depreciation 6,067 total 59,819”

“Inventories for sale or use 0 4,732 equipment 74,925 88,925 less accumulated depreciation 62,506 68,573 software 1,042 1,042 less accumulated amortization 1,042 1,042 start up costs 5,258 5,258 less accumulated amortization 1,577 1,928 security deposit 400 400 total 16,500 28,814”

“Deferred revenue 0 7,650 federal withholding 3,987 5,110 state withholding 638 773”

“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.”