Squash Dreamers

“Other expenses account for costs of providing training lessons (e.g., transportation costs, meals, sports equipment, and classroom facilities) and service charges for financial transactions and mobile network plan costs (e.g. SIM card purchases).”

“We have determined that a deficit of $3503 in the end of year 2021 funds was a result of poor bookkeeping. The Founder and President of Squash Dreamers approved all expenses for 2021 and, each month, sent the approved amount from the Squash Dreamers business bank account to the Executive Director of Squash Dreamers. Squash Dreamers has received no complaints concerning any unpaid salaries or expenses. Thus, we have no reason to believe that the funds were siphoned off, stolen, or misused. Nevertheless, to avoid any further such errors Squash Dreamers has reworked its accounting process in 2022, bringing on-board a new Executive Director, a Treasurer. We have also had a CPA certify our accounting procedures. Given that Squash Dreamers is a small non-profit organization with no tax liability, the deficit shown in Line 20 does not change our tax liability to the IRS.”