Know & Grow Learning Depot Inc.

“Form 990-EZ, Part I, Line 16 - Only program expenses are incurred as our Bylaws state: The president shall personally pay all management, general and administrative, and fundraising expenses of the Corporation guaranteeing all donations and grants go toward program services. Tutoring program $8,149; Kid-sized learning materials $17,687; Classroom supplies $4,064; Early learning teaching tools $2,846; Science enrichment $276; Other program expenses $59; Depreciation expense-programs $3,275; Total Program Expenses $36,356”

“Form 990-EZ, Part I, Line 20 - Other changes in net assets or fund balances. In-Kind Specialized Skills were used to create kid-sized learning materials, early learning teaching tools, and classroom equipment. No specialized skills were reported as income/expense on Form 990. The $9,705 reported on Line 20 was the portion of In-Kind Specialized Skills capitalized as an asset on our financial statements which were prepared according to GAAP.”

“Form 990-EZ, Part II, Line 24 - Other assets. Pledge receivable $2,400; Tutoring program equipment $14,784; Kid-sized learning materials $16,132; Early learning teaching tools $5,920; Science teaching tools $5,806; Classroom equipment $6,281; Less-Accumulated depreciation $3,519; Total other assets $47,804”

“Form 990-EZ, Part II, Line 26 - Tutoring program fees payable $2,400”