Accounting Assignment

Da1989
AZYProgressiveFoundation.xls

Financial Datas

AZY FOUNDATION INC.
Part IX - Financial Data
Revenue 2018 2019 2020 2021
Gifts/Grants/Donations/Contributions (Please describe this Revenue) $0 $5,822 $659 $0
South Main Baptist Church WAEC Exam Contrribution $0 $0 $3,000 $0
24-Mar-18 Pathfinder Cash Gifts/Donations $795 $0 $0 $0
2-Apr-18 Mission Trip Assstance and Contribution. $1,100 $2,045 $0 $0
16-Apr-18 Self Contribution to the Foundation $500 $1,798 $1,821 $0
22-Aug-18 501c(3) Filling Fees for Non-Profit recognition Contribution $400 $0 $0 $0
30-Aug-18 Self (CEO) Contribution to the Foundation $3,199 $3,502 $624 $0
13-Sep-18 Member Contribution College Fund $120 $0 $495 $0
15-Sep-18 Member Contribution $220 S300 $0 $0
30-Sep-18 Member Contribution $1,020 $0 $0 $0
31-Oct-18 Member Contribution $200 $0 $0 $0
25-Nov-18 Member Contribution $1,100 $0 $0 $0
30-Nov-18 Member Contribution $1,000 $0 $0 $0
31-Dec-18 Member Contribution to purchase land for Cashew Plantation $3,575 $3,000 $0 $0
Membership Fees $0 $0 $0 $0
Gross Investment Income $0 $0 $0 $0
Net Unrelated Business Income $0 $0 $0 $0
Other Income (Please describe this income) $0 $0 $0 $0
Sales Income (Sale of goods/services) $0 $0 $0 $0
Unusual Grants $0 $0 $0 $0
Fundraising Income $0 $0 $0 $0
Total Revenue $13,229 $16,467 $6,419 $0
Expenses 2018 2019 2020 2021
Line 14 - Fundraising Expenses $0 $0 $0 $0
Line 15 - Grants, Donations, Gifts to Others
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
Line 17 - Director / Officer compensation (Provide NAME & TITLE)
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
Line 18 - Other salaries and wages (Provide NAME and/or TITLE) $0 $0
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
For _____________________________ $0 $0 $0 $0
Line 19 - Interest Expense $0 $0 $0 $0
Line 20 - Occupancy (rent, utilities, etc.) $0 $0 $0 $0
Rent $0 $0 $0 $0
Utilities $0 $0 $0 $0
Line 21 - Depreciation and Depletion $0 $0 $0 $0
Line 22 - Professional Fees $0 $0 $0 $0
Line 23 - Other Expenses $0 $0 $0 $0
Program Expenses (OVERHEAD EXPENSES. Please Itemize)
Texas State Formation of Azama Progressive Foundation Inc. Expenses $459 $0 $0 $0
For ___Legal Zoom__________________________ $1,500 $399 $299 $399
For Legal Zoom/Attorney Consultations/1yr Subscription Expense $131 $0 $0 $0
For Website Development & 1yr. Support/Hosting $930 $300 $0 $0
For 501©3 Recognition_& Letter of Determination $620 $0 $0 $0
Formation of Azama Progressive Foundation Inc.in Nigeria Expenses $1,300 $0 $0 $0
Purchase of 2 New HP Laptops for the Foundation in Nigeria $996 $0 $1,131 $0
Promotion for Scholarship Expenses sent to Nigeria $894 $375 $0 $600
WAEC Exam Fees Paid for 25 Students $0 $0 $1,416
Scholarship Awards to 100 Azama College Students $0 $2,000 $0 $3,000
Purcase of 100 Large School back packs / shipment $0 $1,507 $0 $1,600
Purchase of 1.5 Acres of Virgin Land for Cashew Plantion $0 $3,500 $0 $0
Labor Land clearing/make ready for cashew planting/cashew seedling transplant $0 $2,000 $0 $1,500
Misc. Expenses/Refreshment for/Rental of chair & tables for scholarship award $0 $1,200 $0 $0
Round Trip Airfare/Miscellaneous Expenses $0 $2,600 $0
Rework/Weeding/Ferterlizing/Establishment of intercrops in the new cashew farm $0 $0 $1,200 $1,200
Rewrite of Azama Foundation Constitution $0 $0 $645 $0
Retaining Attornys Fees (Annes Chambers) $0 $0 $523
2020 Covid19 Help $0 $0 $267 $0
Office Supplies $577 $325 $100 1350
Telephone $0 $480 $480 $0
Azama International Calls $0 $400 $360 $0
Fax $0 $0 $0 $0
Internet Expense $0 $672 $672 $0
Form 990-N Small Exempt Organization Annual E. Post Card Tax Return $0 $50 $100 $0
Delivery & Postage $0 $0 $0 $0
Printing Costs $0 $0 $0 $0
Reproduction (Copying) $0 $0 $0 $0
Transportation Costs (Gas, Lodging, etc.) $0 $0 $0 $0
Parking $0 $0 $0 $0
Permits & Licenses $0 $0 $0 $0
Insurance $0 $0 $0 $0
Other Expenses Subtotal $7,407 $15,808 $7,193 $9,649
Total Expenses $7,407 $15,808 $7,193 $9,649
Excess Revenue Over Expenses $5,822 $659 ($774) ($9,649)
Additional information
Current Assets
Cash and Cash Equivalents $ $ 500.00 $ 500.00 $
Short-Term Investments $ - 0 $ - 0 $ - 0 $ - 0
Inventory $ 500.00 $ 500.00 $ 500.00 $
Other Current Assets $ - 0 $ - 0 $ - 0 $ - 0
prepaid expenses $ - 0 $ - 0 $ - 0 $ - 0
Total Current Assets $ 500.00 $ 500.00 $ 500.00 $ - 0
Fixd assets
Vehicles $ - 0 $ - 0 $ - 0 $ - 0
Machinery $ - 0 $ - 0 $ - 0 $ - 0
Less: Machinery depreciation
Plants $ - 0 $ - 0 $ - 0 $ - 0
property and equipment $ - 0 $ 3,500.00 $ 3,850.00 $
Property under capital lease $ - 0 $ - 0 $ - 0 $ - 0
Good will $ - 0 $ - 0 $ - 0 $ - 0
Total Fixed Assets $ - 0 $ 3,500.00 $ 3,850.00 $ - 0
Current Liablities
Short term borrowings $ - 0 $ - 0 $ - 0 $ - 0
Accounts Payables $ 500.00 $ - 0 $ - 0 $ - 0
Accrued Liabilities $ - 0 $ - 0 $ - 0 $ - 0
Bank overdraft $ - 0 $ - 0 $ - 0 $ - 0
Total Current Liability $ 500.00 $ - 0 $ - 0 $ - 0
Other commitments $ - 0 $ - 0 $ - 0 $ - 0
Bank loan $ - 0 $ - 0 $ - 0 $ - 0
contgencies and commitments $ - 0 $ - 0 $ - 0 $ - 0
Total Long term liabilities $ - 0 $ - 0 $ - 0 $ - 0
common stock $ - 0 $ - 0 $ - 0 $ - 0
Retained earnings $ - 0 $ - 0 $ - 0 $ - 0
accumulated other comprehensicve income $ - 0 $ - 0 $ - 0 $ - 0
Equity $ - 0 $ - 0 $ - 0 $ - 0

Balance Sheet

Balance Sheet As at 2020

Cash Flow Statement

Cash Flow Statement as at 2020

Owner's Equity Changes

Statement in changes in Owner's Equity As at 2020

Income Statement

Income Statement as at 2020