The Wave

“| Other Expenses:, Amount:| Bank Fees and Service Charges, $82.00| Internet and TV Services Phone Services, $1633.00| Dues and Subscriptions, $2135.00| Merchant Account Fees, $277.00| Office Supplies, $1038.00| Office and General Administrative Expenses, $1697.00| Advertising and Marketing -Fundraiser Expenses -Social Media -Website Ads, $6241.00| Staff Training, $80.00| Insurance General -Liability Insurance, $1600.00| Supplies and Materials, $108.00| Professional Licenses, $791.00| Direct Program Expenses, $28207.00| Program Fees- Community Involvement, $2534.00| Gambling Supplies for Bingo-various events, $1243.00| Interest Paid, $1196.00| General Operating expenses, $6363.00| Fraud, $20726.00|”

“| Asset Name:, BOY Amount:, EOY Amount:| Inventory, 0, $2213|”

“| Liabilities Name:, BOY Amount:, EOY Amount:| Credit Card 1, 0, $3779| Credit Card 2, 0, $5287| Payroll Liabilities, 0, $1677| SBA Loan, 0, $18500|”

“| Explanation:| In accordance with our commitment to transparent financial reporting and fiscal responsibility this schedule accounts for expenses related to suspected fraudulent activities impacting our organization. Unauthorized transactions were identified on our debit card account prompting immediate action to address and mitigate potential financial losses. To uphold our fiduciary duties and maintain the integrity of our financial records we are expensing the incurred costs associated with the fraudulent activity. These expenses are being recorded in expenses fraud pending resolution and reimbursement. While efforts are underway including collaboration with financial institutions and law enforcement if necessary the exact resolution timeline remains uncertain. It is important to note that this provision is made to accurately reflect the financial impact of the fraudulent incident on our organization's operations. Rest assured we are diligently working towards a resolution and will continue to update stakeholders as new information becomes available. This proactive approach underscores our commitment to fiscal transparency and accountability ensuring that our financial statements reflect a true and fair representation of our financial position. We remain dedicated to the prudent stewardship of our resources and the fulfillment of our mission despite the challenges posed by fraudulent activities.”