| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND MANAGEMENT FEES | 38,788 | 38,188 | 0 | 600 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2010-06-01 | 790,529 | L | ||||||
| COMPUTER | 2010-05-06 | 5,104 | M5 | 5 | 255 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 5,104 | 255 | 4,849 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 188 | 188 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SEE ATTACHED LISTING OF | 4,883,373 | 3,749,109 | 3,561,979 |
| INVESTMENTS |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT SERVICES - ADMIN | 40,000 | 40,000 | ||
| BANK CHARGES | 62 | 62 | ||
| SUPPLIES | 2,601 | 2,601 | ||
| OTHER EXPENSES | 336 | 336 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 1,567 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PROPERTY TAXES PAYABLE | 0 | 1,310 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FORIEGN TAXES | 795 | 795 | 0 | 0 |
| FEDERAL TAXES | 941 | 941 | 0 | 0 |