Holding Hands Montessori

Schedule O:

“Part I, Line 8 Other Revenue The organization received credit-card rewards during the tax year totaling $950, which were recorded as other revenue and were applied to the outstanding card balance. Total other revenue reported on Line 8 is $975, consisting entirely of these rewards. Part I, Line 16 Other Expenses Other expenses reported on Line 16 total $83,240 and consist of the following: - Advertising and Marketing $8,489.76 - Background Checks (Staff) $439.50 - Bank Charges and Fees $168.61 - Classroom Supplies $2,573.96 - Continuing Education $584.51 - Insurance $2,130.30 - Loss/Theft $157.45 - Meals and Entertainment $348.56 - Office Supplies and Software $3,001.66 - Startup Costs: - Classroom Equipment (durable) $12,767.95 - Classroom Materials (consumable) $1,238.75 - Construction and Refurbishment of Facilities $50,198.38 - Taxes and License Fees $850.00 - Travel Expense $4.50 - Utilities $285.89 Total Other Expenses: $83,240 Part I, Line 20 Other Changes in Net Assets During the tax year, the organization recorded prior-year balance-sheet corrections that affected net assets but did not impact current-year revenues or expenses. These adjustments include: - Removal of an incorrectly categorized inventory asset from a prior year $1,854.03 - Additional classification and timing corrections identified during account reconciliation $537.97 Total non-operating adjustments to net assets: $2,392 This amount is reported on Line 20 to reconcile the change in net assets with the end-of-year balance sheet. Part II, Line 24 - Other Assets: Other assets consisted of the following: Asset Category 07/01/2024 06/30/2025 Reason for Change -------------------------------------------------------------------------------------------------- Real Estate Security Deposit $ 5,000.00 $ 5,000.00 No Change Uncategorized Asset $ 720.89 $ 0.00 Amount reimbursed in prior year before payment made in current year Inventory Asset $ 1,854.03 $ 0.00 Incorrect prior-year categorization removed Total Other Assets decreased from $7,575 to $5,000, a net reduction of $2,575. Part II, Line 26 Total Liabilities Liabilities consist of a personal loan from the Executive Director in the amount of $10,000, which remained unchanged during the tax year.”