SCHEDULE L, PART IV |
BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A)NAME OF INTERESTED PERSON: JOHN SNOW INCORPORATED (JSI) (B)RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MR. JOEL LAMSTEIN, President is the sole shareholder of JSI (C)AMOUNT OF TRANSACTION: $8,772,841 (D)DESCRIPTION OF TRANSACTION: JSI RESEARCH AND TRAINING INSTITUTE, INC AND JSI PURCHASE CONSULTING SERVICES FROM EACH OTHER. DURING THE YEAR, JSI RESEARCH AND TRAINING INSTITUTE, INC. PERFORMED CONSULTING SERVICES (TECHNICAL SUPPORT) FOR JSI TOTALING $8,772,841 AND JSI PERFORMED CONSULTING SERVICES (TECHNICAL SUPPORT) FOR JSI RESEARCH AND TRAINING INSTITUTE, INC. TOTALING $16,704,012. THE TWO COMPANIES ALSO SHARE FACILITIES AND POOL VARIOUS OVERHEAD EXPENSES. FOR THE YEAR ENDED SEPTEMBER 30, 2020, JSI RESEARCH AND TRAINING INSTITUTE, INC. INCURRED $22,899,284 OF OVERHEAD EXPENSES (SUPPORTING SERVICES), OF WHICH, $9,481,343 WAS ITS SHARE OF JSI INCURRED COSTS. JSI RESEARCH AND TRAINING INSTITUTE, INC. IS A CO-BORROWER WITH JSI ON A COMMERCIAL DEMAND LOAN-REVOLVING LINE OF CREDIT WITH AN EXPIRATION DATE OF MAY 31, 2021, WHICH ALLOWS FOR BORROWINGS UP TO $6,500,000. AT SEPTEMBER 30, 2020 THE BALANCE OUTSTANDING WAS $0. (E)SHARING OF ORGANIZATION REVENUES: NO (A)NAME OF INTERESTED PERSON: MANOFF GROUP, INC. (MGI) (B)RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JOHN SNOW INCORPORATED OWNS 40% OF THIS ORGANIZATION. (C)AMOUNT OF TRANSACTION: $1,027,077 (D)DESCRIPTION OF TRANSACTION: DURING THE YEAR, JSI RESEARCH AND TRAINING INSTITUTE, INC. PURCHASED SERvICES FROM MGI TOTALING $1,027,077. (E)SHARING OF ORGANIZATION REVENUES: NO |