Gregorian Society Inc.

“Line 8 - Other Revenue: Includes cash-back and rewards income earned on organizational credit-card and bank accounts during the year. These amounts represent routine rebates or incentives from financial institutions and are not related to contributions or program service activities.”

“Donation to Carmelite Hermits of $9,580.00. Donation to Mass of the Ages of $3,000. Donation to St. Alphonsus Ligouri Baltimore of $11,940”

“Line 16 - Other Expenses: Includes costs associated with participation as a vendor at conferences incurred in connection with the organization's exempt purpose. Also includes website and online service expenses such as domain registration, web hosting, and software plugins necessary for maintaining the organization's online presence.”

“Line 20 - Other changes in net assets or fund balances: During 2024 the organization recorded several adjustments to align beginning net assets with verified balances and correct prior-year classifications. Adjustments included removal of $45,756 of donated inventory that had been carried as an asset from 2023 and a $4,141 write-off of purchased inventory erroneously capitalized in 2023. The organization also recorded $3,570 of PayPal processing fees for 2024 so that amounts reported as gross receipts properly reflect gross sales activity. Additional adjustments consisted of a $947.90 credit card account credit and a $250 PayPal hold reversal. Totals have been rounded to the nearest dollar; any remaining immaterial difference (less than $1) is due to rounding.”

“Line 26 - Total Liabilities: The balance represents amounts due on the organization's business credit-card account as of year end. These charges were incurred for normal operating expenses such as inventory purchases and vendor payments. No other long-term debt or outstanding obligations existed at year end.”