| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT/PROFESSIONAL | 19,721 | 19,721 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE AND EQUIPMENT | 2005-06-01 | 51,684 | 29,662 | SL | 0 % | 3,952 | 0 | ||
| VEHICLES | 2005-06-01 | 282,226 | 173,824 | SL | 0 % | 34,879 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| JP MORGAN MONEY MARKET | AT COST | 0 | 0 |
| FIXED INCOME BONDS | AT COST | 1,604,148 | 1,563,850 |
| EQUITIES | AT COST | 2,197,518 | 2,242,275 |
| REIT | AT COST | 208,309 | 213,718 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE AND EQUIPMENT | 51,684 | 33,614 | 18,070 | 0 |
| VEHICLES | 282,226 | 208,703 | 73,523 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| BENEFICIAL INTEREST IN PERPETUAL ENDOWMENT | 1,285,504 | 1,328,845 | 1,328,845 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 5,638 | 0 | 5,199 | |
| ADVERTISING/PROMOTION | 4,815 | 0 | 4,815 | |
| INSURANCE | 13,178 | 0 | 10,364 | |
| MISCELLANEOUS | 7,557 | 0 | 5,055 |
| Description | Amount |
|---|---|
| PRIOR YEAR BASIS ADJUSTMENT | 46,489 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED EXCISE TAX | 0 | 15,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEE | 10,706 | 10,706 | 0 | |
| CONTRACT LABOR | 56,384 | 15,860 | 16,149 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCRUED EXCISE TAX | 15,000 | 0 | 0 |