Propel Forward Inc.

“Propel Forward, Inc. uses accrual accounting. Deferred revenue of $20,000 represents sponsorship funds received in advance for the 2026 Pistons & Props event. Restricted contributions received and released during the year net to $0, as shown in the Statement of Activity. Negative amounts in certain monthly categories reflect timing adjustments and refunds processed during the year. All expenses reported on Line 16 are detailed in the organization's internal chart of accounts and include event-related costs, supplies, marketing, volunteer support, and operational expenses.”

“Year-end accrual adjustments and deferred revenue corrections resulted in a $3,000 increase to net assets not reflected in the Statement of Activity. Line 18 reflects the actual change in net assets per the Statement of Financial Position.”

“Line 24 includes prepaid expenses of $5,238 and fixed assets of $4,055. Prepaid expenses represent advance payments for the 2026 Pistons & Props event. Fixed assets represent equipment owned by the organization and recorded at cost. These items are not included in cash accounts and therefore appear in Other Assets.”

“Line 26 includes accounts payable of $406.25 and deferred revenue of $20,000. Accounts payable represents vendor invoices outstanding at year-end. Deferred revenue represents sponsorship funds received in 2025 for the 2026 Pistons & Props event and will be recognized as revenue in the year the event occurs.”