| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,268 |
| Person Name | Explanation |
|---|---|
| ELIZABETH JOHNSON | |
| JOHNNY JOHNSON | |
| CHRISTINE VAUGHN | |
| SUSIE FAIRCHILD | |
| ROGER BURRUS |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE STRUCTURE | 1993-10-01 | 4,858 | 2,017 | S/L | 39.0000 | 125 | |||
| EQUIPMENT | 2002-07-20 | 18,694 | 18,694 | S/L | 5.0000 | ||||
| EQUIPMENT | 2004-08-16 | 8,500 | 8,500 | S/L | 5.0000 | ||||
| EQUIPMENT | 2006-06-10 | 1,046 | 732 | S/L | 5.0000 | 209 | |||
| EQUIPMENT | 2009-07-01 | 35,606 | 3,092 | S/L | 5.0000 | 6,503 | |||
| FURNITURE | 2010-07-11 | 2,012 | S/L | 7.0000 | 1,078 | ||||
| SAFE | 2010-07-12 | 244 | S/L | 5.0000 | 134 | ||||
| TRASH BARRELS | 2010-07-22 | 1,313 | S/L | 5.0000 | 722 | ||||
| EQUIPMENT | 2010-08-02 | 2,099 | S/L | 5.0000 | 1,155 | ||||
| EQUIPMENT | 2010-08-06 | 3,181 | S/L | 5.0000 | 1,749 | ||||
| EQUIPMENT | 2010-08-09 | 6,950 | S/L | 5.0000 | 3,823 | ||||
| EQUIPMENT | 2010-08-26 | 9,103 | S/L | 5.0000 | 5,007 | ||||
| STALLS & FENCING | 1993-12-31 | 94,871 | 94,871 | S/L | 5.0000 | ||||
| PERM. GROUND IMPROVEMENT | 1993-10-01 | 9,032 | 9,032 | S/L | 15.0000 | ||||
| PERM GOUND IMPROVEMENT | 1995-03-30 | 1,194 | 1,194 | S/L | 15.0000 | ||||
| ELEC. PANELS/GROUND IMPROV. | 1995-08-30 | 1,617 | 1,617 | S/L | 15.0000 | ||||
| SAND PRACTICE ARENA | 1996-07-06 | 38,630 | 13,330 | S/L | 39.0000 | 991 | |||
| SAND PRACTICE ARENA | 1997-07-12 | 4,129 | 1,319 | S/L | 39.0000 | 106 | |||
| GRADING HILL | 1998-09-04 | 855 | 717 | S/L | 15.0000 | 57 | |||
| ELECTRICAL IMPROVEMENTS | 1998-09-17 | 9,373 | 7,864 | S/L | 15.0000 | 625 | |||
| SAND RING | 1999-08-19 | 2,000 | 1,537 | S/L | 15.0000 | 133 | |||
| SAND RING | 1999-09-30 | 1,018 | 789 | S/L | 15.0000 | 68 | |||
| ELECTRICAL IMPROVEMENTS | 1999-10-11 | 34,159 | 25,691 | S/L | 15.0000 | 2,277 | |||
| SAND RING | 1999-12-15 | 57,049 | 42,907 | S/L | 15.0000 | 3,803 | |||
| PERM. GROUND IMPROVEMENT | 2000-06-08 | 24,714 | 6,068 | S/L | 39.0000 | 634 | |||
| PERM. GROUND IMPROVEMENT | 2000-07-12 | 5,097 | 3,606 | S/L | 15.0000 | 340 | |||
| RING FENCING | 2000-08-03 | 17,772 | 12,573 | S/L | 15.0000 | 1,185 | |||
| PERM GROUND IMPROVEMENT | 2000-08-07 | 17,206 | 12,172 | S/L | 15.0000 | 1,147 | |||
| SAND RINGS | 2000-08-18 | 32,535 | 23,017 | S/L | 15.0000 | 2,169 | |||
| BARN PAINTING | 2000-09-18 | 13,360 | 3,183 | S/L | 39.0000 | 343 | |||
| GROUNDS IMPROVEMENT | 2000-10-15 | 6,691 | 4,435 | S/L | 15.0000 | 446 | |||
| EXCAVATING | 2000-10-15 | 38,212 | 9,022 | S/L | 39.0000 | 980 | |||
| CONCRETE,EXCAV.,ELECTRCI | 2001-11-01 | 10,277 | 6,479 | S/L | 15.0000 | 480 | |||
| EXCAVATING | 2002-07-09 | 56,600 | 30,847 | S/L | 15.0000 | 2,641 | |||
| RING FENCING | 2002-08-18 | 6,119 | 3,335 | S/L | 15.0000 | 408 | |||
| EXCAVATING, ELECTRICAL | 2002-09-08 | 13,267 | 7,231 | S/L | 15.0000 | 884 | |||
| FENCE, IMPROVEMENT | 2003-09-25 | 29,800 | 13,410 | S/L | 15.0000 | 1,987 | |||
| STALLS | 2003-08-04 | 84,703 | 38,116 | S/L | 15.0000 | 5,647 | |||
| IRRIGATION,EXCAVATING | 2004-09-13 | 4,470 | 1,639 | S/L | 15.0000 | 298 | |||
| EXCAVATING | 2005-09-26 | 8,651 | 2,595 | S/L | 15.0000 | 577 | |||
| EXCAVATING | 2006-10-23 | 7,948 | 2,235 | 150DB | 15.0000 | 572 | |||
| LAND IMPROVEMENTS | 2007-08-01 | 9,166 | 1,528 | S/L | 15.0000 | 611 | |||
| EXCAVATING, MANURE REMOVAL | 2007-11-09 | 16,181 | 3,730 | 150DB | 15.0000 | 1,245 | |||
| SHOW GROUND IMPROVEMENTS | 2008-09-19 | 8,278 | 4,553 | S/L | 15.0000 | 276 | |||
| WASH RACK IMPROVEMENTS | 2009-09-15 | 10,453 | 348 | S/L | 15.0000 | 674 | |||
| MANAGEMENT BARN | 2010-08-12 | 65,846 | S/L | 39.0000 | 633 | ||||
| MGMT BARN-ELECTRICAL WORK | 2010-09-17 | 11,799 | S/L | 39.0000 | 88 | ||||
| CAPITAL IMPROVEMENTS | 2010-10-25 | 47,197 | 150DB | 15.0000 | 2,360 | ||||
| CAPITAL IMPROVEMENTS | 2010-11-15 | 22,643 | S/L | 15.0000 | 755 | ||||
| CAPITAL IMPROVEMENTS | 2010-06-15 | 3,479 | S/L | 15.0000 | 1,797 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 919,997 | 481,767 | 438,230 | 438,230 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 27,174 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK FEES | 15 | |||
| BOOKEEPING SERVICES | 1,500 | |||
| CHARITY HORSE SHOW | 728,279 | 728,279 | ||
| INSURANCE | 2,897 | |||
| OFFICE SUPPLIES | 2,715 | |||
| MISCELLANEOUS | 630 | |||
| POSTAGE | 1,567 | |||
| REPAIRS & MAINTENANCE | 3,678 | |||
| UTILITES | 8,616 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CHARITY HORSE SHOW | 648,110 | 648,110 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAX PAYABLE | 1,570 | |
| SALES TAX PAYABLE | 4,948 |