Brighter Rays of Hope

Schedule O:

“Part 1.16 - Other expenses: The amount reported consists of the following: Contract Services (Seasonal Program Contractors): $57,484 Advertising and Promotion (social media ads, flyer designs): $42 Office Expenses, Student Curriculum, and Supplies: $14,157 Information Technology Expenses: $28 Travel Expenses: $301 Interest on Line of Credit: $537 Insurance: $857 Program Supplies, Equipment, and Other Direct Service Costs: $24,276 The organization had no employees in 2023. All program services were delivered through seasonal contractors. Part 2.24 - Other assets: The $5,045 amount represents capitalized purchases of electronic equipment (e.g., computers/tablets/network devices) and office furniture acquired during 2023 for program operations. The assets were recorded at cost. No depreciation was recorded in 2023; depreciation will begin with the 2024 return in accordance with the organizations capitalization and depreciation policy (straight-line over estimated useful lives). These assets are used exclusively to support the organizations exempt activities. Part 2.26 - Total liabilities: The organization maintained a revolving line of credit with a maximum availability of $26,200 during 2023. As of December 31, 2023, the outstanding balance was $14,695; the remaining amount had been repaid prior to year-end. No other notes or long-term debt were outstanding at year-end.”