| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND AUDITING | 2,250 | 563 | 563 | 1,687 |
| ATTORNEY FEES | 5,000 | 1,250 | 1,250 | 3,750 |
| Person Name | Explanation |
|---|---|
| KENNETH POWELL | |
| CHARLES W HOLT | |
| WILLIAM HUDSON |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ICE MAKER | 1984-07-16 | 650 | 650 | S/L | 5.0000 | ||||
| VACUUM CLEANER | 1984-10-27 | 758 | 758 | S/L | 5.0000 | ||||
| COMPRESSOR | 1985-07-08 | 952 | 952 | S/L | 10.0000 | ||||
| HEATERS (2) | 1985-04-06 | 190 | 190 | S/L | 5.0000 | ||||
| APPLIANCE | 1985-04-20 | 1,837 | 1,837 | S/L | 5.0000 | ||||
| LAWNMOWER | 1985-05-06 | 1,330 | 1,330 | S/L | 5.0000 | ||||
| STOVE BOYS | 1986-08-29 | 100 | 100 | S/L | 5.0000 | ||||
| TABLES | 1986-10-24 | 850 | 850 | S/L | 5.0000 | ||||
| REFRIGERATOR/STOVE | 1986-10-04 | 1,299 | 1,299 | S/L | 5.0000 | ||||
| FILING CABINET | 1987-02-24 | 73 | 73 | S/L | 5.0000 | ||||
| POOL TABLE | 1987-12-21 | 250 | 250 | S/L | 5.0000 | ||||
| CHAIRS | 1987-05-18 | 398 | 398 | S/L | 5.0000 | ||||
| MAYTAG WASHER | 1987-06-08 | 480 | 480 | S/L | 5.0000 | ||||
| COMPRESSOR | 1987-10-12 | 775 | 775 | S/L | 5.0000 | ||||
| 1984 CAPRIC S/W 2 | 1988-05-06 | 12,167 | 12,167 | S/L | 5.0000 | ||||
| FILING CABINET | 1988-09-06 | 200 | 200 | S/L | 5.0000 | ||||
| DISHWASHER | 1988-04-25 | 500 | 500 | S/L | 5.0000 | ||||
| BEDROOM FURNITURE | 1989-08-24 | 4,507 | 4,507 | S/L | 10.0000 | ||||
| SOFA AND CHAIR | 1990-03-10 | 850 | 850 | S/L | 10.0000 | ||||
| ICE MACHINE | 1992-01-27 | 925 | 925 | S/L | 5.0000 | ||||
| FREEZER | 1997-01-01 | 450 | 450 | 200DB | 5.0000 | ||||
| FURNITURE | 1997-01-01 | 543 | 543 | 200DB | 5.0000 | ||||
| FURNITURE | 1997-01-01 | 1,884 | 1,884 | 200DB | 5.0000 | ||||
| LAWN TRACTOR | 1997-06-23 | 3,009 | 3,009 | 200DB | 5.0000 | ||||
| WHIRLPOOL WASHER | 1998-01-23 | 440 | 440 | S/L | 5.0000 | ||||
| VARIOUS | 1948-10-01 | 8,095 | 27.0000 | ||||||
| IMPROVEMENTS | 1998-12-10 | 37,189 | 10,457 | S/L | 39.0000 | 953 | |||
| LAND AND BUILDING | 1948-10-01 | 88,410 | 39.0000 | ||||||
| IMPROVEMENTS | 1985-07-01 | 16,014 | 16,014 | S/L | 20.0000 | ||||
| IMPROVEMENTS | 1986-07-01 | 4,974 | 4,974 | S/L | 19.0000 | ||||
| IMPROVEMENTS | 1987-07-01 | 12,696 | 12,696 | S/L | 20.0000 | ||||
| PLUMBING | 1990-11-30 | 38,474 | 36,711 | S/L | 20.0000 | 1,763 | |||
| FURNACE | 1991-03-11 | 17,300 | 16,003 | S/L | 20.0000 | 865 | |||
| IMPROVEMENTS | 1993-07-28 | 16,060 | 6,761 | S/L | 39.0000 | 411 | |||
| IMPROVEMENTS | 1993-08-31 | 31,975 | 13,391 | S/L | 39.0000 | 820 | |||
| IMPROVEMENTS | 1993-10-04 | 8,279 | 3,449 | S/L | 39.0000 | 212 | |||
| IMPROVEMENTS | 1994-05-12 | 14,240 | 5,720 | S/L | 39.0000 | 365 | |||
| IMPROVEMENTS | 1994-08-01 | 2,858 | 1,129 | S/L | 39.0000 | 73 | |||
| ROOF | 1995-07-05 | 22,282 | 8,284 | S/L | 39.0000 | 572 | |||
| IMPROVEMENTS | 1996-11-11 | 14,681 | 4,956 | S/L | 39.0000 | 377 | |||
| IMPROVEMENTS | 1998-04-03 | 73,871 | 22,001 | S/L | 39.0000 | 1,894 | |||
| PAVING | 1998-07-17 | 6,600 | 1,925 | S/L | 39.0000 | 169 | |||
| CARPETING | 1998-11-03 | 575 | 163 | S/L | 39.0000 | 15 | |||
| ROOF AND A/C | 1998-11-03 | 7,348 | 5,144 | S/L | 15.0000 | 490 | |||
| IMPROVEMENTS | 2000-03-05 | 8,544 | 5,411 | S/L | 15.0000 | 570 | |||
| WINDOWS | 2000-06-08 | 3,477 | 2,202 | S/L | 15.0000 | 231 | |||
| WINDOWS | 2001-01-18 | 4,060 | 2,301 | S/L | 15.0000 | 270 | |||
| BUILDING IMPROVEMENTS | 2001-03-09 | 6,934 | 3,929 | S/L | 15.0000 | 462 | |||
| WINDOWS | 2001-09-15 | 15,500 | 8,783 | S/L | 15.0000 | 1,034 | |||
| IMPROVEMENTS | 2001-09-15 | 13,778 | 7,808 | S/L | 15.0000 | 918 | |||
| ELECTRICAL - BOYS DORM | 2001-09-15 | 47,213 | 9,079 | S/L | 39.0000 | 1,211 | |||
| ASSETS HELD FOR INVESTMENT | 1960-10-01 | 3,000 | 3,000 | S/L | 10.0000 | ||||
| BUILDING IMPROVEMENTS | 2003-01-01 | 148,558 | 26,664 | S/L | 39.0000 | 3,809 | |||
| IMPROVEMENTS | 1988-07-01 | 22,964 | 22,964 | S/L | 20.0000 | ||||
| ROOF | 2004-01-08 | 16,807 | 5,042 | S/L | 20.0000 | 840 | |||
| IMPROVEMENTS | 2004-01-12 | 235 | 141 | S/L | 10.0000 | 24 | |||
| DORM REPAIR | 2004-11-09 | 9,275 | 3,195 | S/L | 15.0000 | 618 | |||
| GAS CLOTHES DRYER | 2005-02-25 | 2,897 | 2,730 | 200DB | 5.0000 | 167 | |||
| IMPROVEMENTS | 2005-11-14 | 713 | 450 | 200DB | 10.0000 | 53 | |||
| TABLES, SOFA AND CHAIR | 2007-01-08 | 1,763 | 1,058 | S/L | 5.0000 | 352 | |||
| BROWN TILE | 2007-08-31 | 4,756 | 2,017 | 200DB | 10.0000 | 547 | |||
| PAINTING | 2007-12-31 | 9,900 | 1,980 | S/L | 10.0000 | 990 | |||
| 2008 PURCHASES FROM ACE | 2008-02-01 | 1,028 | 394 | S/L | 5.0000 | 206 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| MORGAN KEEGAN | 2002-07 | PURCHASE | 2010-08 | 252,591 | 250,000 | 2,591 | ||||
| WADDELL & REED | 2010-08 | PURCHASE | 2010-12 | 3,070 | 3,098 | -28 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 393,962 | 393,962 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 778,740 | 335,625 | 443,115 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK CHARGES | 150 | 75 | 75 | 75 |
| CLEANING | 1,100 | 1,100 | ||
| DIRECTOR FEES | 750 | 75 | 75 | 675 |
| INSURANCE | 12,834 | 12,834 | ||
| MAINTENANCE AND REPAIRS | 3,195 | 3,195 | ||
| OTHER EXPENSES | 250 | 122 | 122 | 128 |
| PEST CONTROL | 931 | 931 | ||
| POSTAGE | 47 | 23 | 23 | 24 |
| UTILITIES | 7,223 | 7,223 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| USDA INCOME | 17,235 | 17,235 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 770 | |||
| LICENSES AND FEES | 116 | 3 | 3 | 1,030 |
| PROPERTY TAXES | 147 |