Expunge Colorado

“Advertising and Promotion $414”

“Office Expenses $5239”

“Information Technology $1801”

“Travel $933”

“Insurance $617”

“Court Fees $4826”

“Program Supplies & Expenses $2482”

“Fundraising Expenses-Other $842”

“Merchant account fees $183”

“Community Outreach & Network $36”

“Accounts Receivable - Beginning $42499 Accounts Receivable - Ending $10297”

“Prepaid Expenses and Deferred Charges - Beginning $32 Prepaid Expenses and Deferred Charges - Ending $485”

“Accounts Payable and Accrued Expenses - Beginning $2721 Accounts Payable and Accrued Expenses - Ending $64”

“Liabilities_Other - Beginning $0 Liabilities_Other - Ending $3345”

“The organization received an in-kind donation of facility space valued at $3,030, which is recorded as both contributed income Part I, Line 1, and occupancy expense Part I, Line 16 in accordance with GAAP.”

“Expunge Colorado paid $48,626 in contracted legal services to Abbey Moffitt of The Law Office of Abbey G. Moffitt, LLC. who serves as the Board Treasurer of the organization until XX/XX/XX. This payment was for professional legal services provided under an independent contractor agreement and not for board duties. To ensure compliance with IRS regulations and the organization's conflict of interest policy, the following steps were taken: The full board, excluding Abbey Moffitt, reviewed and approved the contract and compensation based on comparable market rates. Abbey Moffitt recused themselves from any discussion and vote related to their compensation. The board documented its decision and rationale in official meeting minutes, confirming that the compensation was fair, reasonable, and in the best interest of the nonprofit. The organization remains compliant with IRS regulations and good governance practices to prevent any excess benefit transactions. This payment has been properly reported in Part I, Line 13 Professional Fees to Independent Contractors and disclosed in Schedule L, Part IV Transactions with Interested Persons.”