![]() Join C-level executives, franchise owners and supplier partners for an exclusive gathering in the nation’s capital this September. To ensure a bright future for all, elected officials and regulators need to hear from YOU. However, our future success is only partly in our hands. ![]() Some call it the most democratic wealth-creation tool in human history. Leaders like you know all too well franchising is a catalyst for entrepreneurship. These financial statements do not contain any adjustments related to economic losses which may or may not be realized.This September, the power, value, and opportunity of franchising will be on full display in Washington, DC, because franchise leaders like you made the choice to protect, enhance and promote the franchise business model. Management continues to monitor and evaluate its options. Business continuity, including supply chains and consumer demand across a broad range of industries and countries, continues to present challenges. "Although the COVID-19 threat has abated, the worldwide threat continues to (a) impact financial markets, (b) threaten revenue streams, and (c) impact private enterprises with which RAN conducts business. ![]() "During the years ended Jand 2020, RAN's executive director was also a board member of an organization to which RAN issued grants in the amount of $142,500 and $75,000, respectively."Īccording to the Rainforest Action Network (RAN) audit of J(Note 17, COVID-19): Subsequent to June 30, 2021, RAN applied for forgiveness for the second draw PPP loan in September 2021."Īccording to the Rainforest Action Network (RAN) audit of J(Note 10, Related Party Transactions): Once the loan is, in part or wholly, forgiven and legal release is received, RAN will reduce the liability by the amount forgiven and record the forgiven loan as gain on extinguishment of debt. Management fully anticipates that it will satisfy the PPP's eligibility and loan forgiveness criteria, enabling the funds to be reclassified from a liability to income. "In February 2021, RAN applied for and received a second draw PPP loan in the amount of $778,750. "In December 2020, RAN applied for and received full forgiveness of the PPP loan and recorded the full amount of $770,000 as gain on extinguishment of debt on the statement of activities. This legislation authorized the United States Treasury Department to use the SBA's 7(a) small business lending program to fund loans of up to $10 million per borrower that qualifying entities can spend to cover payroll, interest, rent, and utilities. Congress established the PPP to provide relief to small businesses during the coronavirus pandemic as part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. "During May 2020, RAN received $770,000 in a forgivable loan under the Small Business Administration Paycheck Protection Program ('PPP'). Of this amount, $414,302 consisted of in-kind "digital advertising (Google Grants)."Īccording to the Rainforest Action Network (RAN) audit of June 30, 2021 (Note 8, Loan Payable to SBA Under Payroll Protection Program): League of Conservation Voters Education FundĪccording to the Rainforest Action Network (RAN) audit of J(Note 12, In-kind Contributions), RAN received in-kind contributions in fiscal 2021 on which it placed a total value of $414,452. Izaak Walton League of America (National Office) Gaia-Movement Living Earth Green World Action USA
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |