Backpack Project Inc.

Schedule O:

“Part I Line 16 Other Expenses consists of the following 103986 of Distribution Expenses These are the costs of all the supplies purchased to be distributed in the backpacks 11529 of Program Expenses These expenses relate to the meals and clothes distributed by our Athens GA chapter 76 of Bank Transfer Fees 92 of administrativeoffice supplies 1731 of Insurance Expenses 655 of travel expenses This includes cost of gas and airbnb for travel related to our tax-exempt purpose 90 for Annual Secretary of State Registration Fee 550 for 501c3 registration for 2 of our chapters 4000 for T-shirts 64 for AudioVisual Equipment to Interview Homeless Clients 65 Gift Card as a reward for Interviewing Part II Other Assets Balance includes the value of the inventory we have at the beginning and ending of year The inventory we possess are supplies which will all eventually be distributed to homeless clients that we serve These items are either purchased by us or donated to us by companies Total Liabilities Ending Balance was for a t-shirt order that we placed in 2021 and received the shirts for but had not yet paid for by the end of the year This was journalized in an Accounts Payable account to reflect that we still owed money for that order at the end of 2021r That balance has since been settled in 2022 Part V New Activity A new activity is now our Athens GA chapter significant involvement within the community They routinely prepare and distribute meals to homeless individuals in the local community as well as giving them clothes tents living supplies and whatever else they may ask for This has accounted for a larger of the non-profit expenses and is having an increasingly positive impact in the Athens community”