Resilience

“The last preparer was unfamiliar with tax and accounting practices. They did not have the correct categories listed and line items were placed in the wrong categories. Also, two accounts were recorded on the 2020 taxes; a Bank of America card and a Wells Fargo checking account. The credit card was not listed under Resilience Inc, only the owner (a personal credit card). The owner was paying for Resilience office expenses with his own money. Although he was not seeking any reimbursement, the amended taxes reflect the correct account (Wells Fargo). The owner and staff have been educated on correct accounting practices.”

“Resilience has no other revenue”

“Part 1 line 12: Updated to 0, there were no Salaries, other compensation, and employee benefits. Reimbursements were made to department lead volunteers after they purchased office supplies such as green screens, microphones, and software for video production. Equipment was dispersed by the department leads to other video production interns and the leads were reimbursed by John Fay (executive director). Part 1 Line 13 was updated to the amount of $111. This expense includes professional services and monthly banking fees. Part 1 line 15: this amount was updated from $240 to $1,477. This amount was determined after reevaluating line items and recategorizing expenses in the company checking account. Part 1 line 16 Other expenses: This amount was determined after reevaluating line items and recategorizing expenses in the company checking account. Business meals-$50 Office expenses-$3,755. Office expenses include software programs needed to do business such as Microsoft, Constantcontact, GoDaddy for web services, Atlassian, Hellosign. Etc Travel- $46- this is parking and one gas charge. Other expenses-Office supplies-$866. This amount includes the reimbursements for production equipment and software for volunteers. The majority of funds are in software for volunteers to produce and edit instructional videos as well as for the IT department to develop games and AI programs. Refunds $827: Refund amounts are software programs that were overcharged or programs that were tried on a trial basis, charged and the charges were reversed.”

“There was $1000 in the checking account at the beginning of the year. The online program would not let me correct this line. I added the $1000 beginning of the year balance to line 20, with a total of $1600.”

“This was corrected to reflect the net assets of $1000 in the business checking account at the beginning of the year. An additional $600 at the end of the year (total cash in ck account at the end of the year is $1600). And a total of $82,848 in program assets.”

“Line 22 and line 27 were not filled out in the initial tax form. These balances have been corrected and addedare corrected and reflect the proper amount”

“Resilience has no other assets”

“Resilience has no liabilities”