James Baldwin Project Inc

“#1) Re: PART I, Line 16, Explanation of Other Expenses Our focus in 2024 has been the continued development and presentation of community-based public programs in honor of James Baldwins 2024-2025 Centennial years. Beyond the expenditures listed on lines 14 and 15 of form 990-EZ Part I, the 2024 costs of this outreach include the following Other Expenses: ~ $9,152 Research to Support Creation, Development, Presentation ~ $6,138 Production of Support Materials ~ $8,952 Post-Production of Support Materials ~ $17,767 Distribution & Presentation of Events & Exhibits ~ $2,264 Outreach, Marketing & Promotion ~ $4,249 Travel/Transportation ~ $12,042 Technical Supplies, IT & Website Maintenance ~ $6,861 Archival Media Storage ~ $6,000 Professional Services ~ $4,667 Telephone ~ $3,695 Office Supplies ~ $1,982 Misc. Expenses: Air Travel Miles, Reward Points ~ $1,577 Financial Charges & Fees ~ $439 Taxes, Licenses & Dues ~ $21,017 2023 Negative Balance Reimbursement ~ $18,521 Funds Raised / Fees Due, Not Yet Received ~ $7,500 2024 Balance Transfer to cover Shortfall As listed on line 16 of form 990-EZ Part I, these Other Expenses total $132,823.”

“#2) Re: Part II, Lines 18-21, Explanation of Net Assets In 2024, we added $161,977 (a combination of contributions and program service revenue) to our Net Assets. This amount was reduced by a total of $169,477 in liabilities. These liabilities are due to the following expenses: ~ $34,804 Occupancy, Rent, Utilities, Maintenance (Part 1, Line 14) ~ $1,850 Printing, Publications, Postage & Shipping (Part I, Line 15) ~ $132,823 Other Expenses (Part I, Line 16, described in #2 above) These Other Expenses include two noteworthy items which impacted our bottom line: ~ $21,017 2023 Negative Balance Reimbursement ~ $18,521 Funds Raised / Fees Due, Not Yet Received As a result, our income was not enough to cover our expenditures: we ended the year with a $7,500 deficit.”

“#3) Re: PART II, Lines 22-27, Explanation of Balance Sheets In 2024, the beginning-of-year fund balance for the James Baldwin Project was a negative balance of ($21,017). As the year progressed, we raised a total of $161,977 cash assets, but $18,521 has not yet been received. Our cash-on-hand assets therefore totaled $143,456. This amount was used to reimburse our 2023 negative balance and then cover almost all of our 2024 expensesa total of $169,477, including the $18,521 not yet receivedleaving a 2024 end-of-year negative balance of ($7,500).”