| | Order # 53618899 |
| | Part IX - Financial Data |
| | Revenue | 2018 | 2019 | 2020 | 2021 |
| | Gifts/Grants/Donations/Contributions | $13,229 | $10,867 | $15,000 | $18,000 |
| | 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 | $10,867 | 15,000 | $18,000 |
| | 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) |
| | 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 |
| | 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 | $445 | $1,000 | $900 |
| | For Legal Zoom/Attorney Consultations/1yr Subscription Expense | $131 | $131 | $131 | $131 |
| | For Website Development & 1yr. Support/Hosting | $930 | $300 | $300 | $250 |
| | 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 | $0 | $0 |
| | Promotion for Scholarship Expenses sent to Nigeria | $894 | $375 | $450 | $600 |
| | Scholarship Awards to 100 Azama College Students | $0 | $2,000 | $3,000 | $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 | | $2,000 | $0 | $1,500 |
| | Misc. Expenses/Refreshment for/Rental of chair & tables for scholarship award | $0 | $1,200 | $0 | $0 |
| | Weeding/Ferterlizing/Establishment of intercrops in the new cashew farm | $0 | $0 | $1,200 | $1,200 |
| | Barbwire Fencing of the cash farm/Bill Board of the Foundation/No Trespass Sign | $0 | $0 | $1,500 | $0 |
| | Office Supplies | $577 | $325 | $600 | 1350 |
| | Telephone | $0 | $0 | $0 | $0 |
| | Fax | $0 | $0 | $0 | $0 |
| | Internet Expense | $0 | $0 | $0 | $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 | $11,783 | $8,181 | $10,531 |
| | Total Expenses | $7,407 | $11,783 | $8,181 | $10,531 |
| | Excess Revenue Over Expenses | $5,822 | ($916) | $6,819 | $7,469 |
| | Additional information |
| | Current Assets |
| | Cash and Cash Equivalents | $ 2,000.00 | $ 2,200.00 | $ 2,420.00 | $ 2,662.00 |
| | Short-Term Investments | $ 3,883.00 | $ 3,766.51 | $ 3,653.51 | $ 3,543.91 |
| | Inventory | $ 500.00 | $ 485.00 | $ 470.45 | $ 456.34 |
| | Other Current Assets | $ 2,578.00 | $ 2,500.66 | $ 2,425.64 | $ 2,352.87 |
| | prepaid expenses | $ 1,765.00 | $ 1,712.05 | $ 1,660.69 | $ 1,610.87 |
| | Total Current Assets | $ 8,726.00 | $ 8,464.22 | $ 8,210.29 | $ 7,963.98 |
| | Fixd assets |
| | Vehicles | $ 36,831.00 | $ 47,991.00 | $ 57,492.87 | $ 61,202.00 |
| | Machinery | $ 1,500.00 | $ 1,500.00 | $ 1,650.00 | $ 1,815.00 |
| | Less: Machinery depreciation |
| | Plants | $ 5,000.00 | $ 30,000.00 | $ 33,000.00 | $ 36,300.00 |
| | property and equipment | $ 5,000.00 | $ 5,250.00 | $ 5,775.00 | $ 6,352.50 |
| | Property under capital lease | $ 5,600.00 | $ 5,880.00 | $ 6,468.00 | $ 7,114.80 |
| | Good will | $ 5,000.00 | $ 5,250.00 | $ 5,775.00 | $ 6,352.50 |
| | Total Fixed Assets | $ 58,931.00 | $ 95,871.00 | $ 110,160.87 | $ 119,136.80 |
| | Current Liablities |
| | Short term borrowings | $ 2,684.00 | $ 2,818.20 | $ 2,959.11 | $ 3,107.07 |
| | Accounts Payables | $ 1,500.00 | $ 1,575.00 | $ 1,653.75 | $ 1,736.44 |
| | Accrued Liabilities | $ 2,500.00 | $ 2,625.00 | $ 2,756.25 | $ 2,894.06 |
| | Bank overdraft | $ 476.00 | $ 499.80 | $ 524.79 | $ 551.03 |
| | Total Current Liability | $ 7,160.00 | $ 7,518.00 | $ 7,893.90 | $ 8,288.60 |
| | Other commitments | $ 4,990.00 | $ 5,239.50 | $ 5,501.48 | $ 5,776.55 |
| | Bank loan | $ 5,000.00 | $ 5,250.00 | $ 5,512.50 | $ 5,788.13 |
| | contgencies and commitments | $ 4,250.00 | $ 4,462.50 | $ 4,685.63 | $ 4,919.91 |
| | Total Long term liabilities | $ 14,240.00 | $ 14,952.00 | $ 15,699.60 | $ 16,484.58 |
| | common stock | $ 5,000.00 | $ 5,250.00 | $ 5,512.50 | $ 5,788.13 |
| | Retained earnings | $ 7,000.00 | $ 7,350.00 | $ 7,717.50 | $ 8,103.38 |
| | accumulated other comprehensicve income | $ 5,400.00 | $ 5,670.00 | $ 5,953.50 | $ 6,251.18 |
| | Equity | $ 17,400.00 | $ 18,270.00 | $ 19,183.50 | $ 20,142.68 |
Da1989
Budget31.xls
