| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Professional fees | 2,160 | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Land | 2001-12-31 | 1,186,516 | L | 0 % | 0 | 0 | |||
| Log Homes | 2003-04-30 | 273,517 | 49,385 | SL | 39.000000000000 | 7,013 | 0 | ||
| Furnishings | 2002-10-13 | 1,465 | 1,025 | 200DB | 7.000000000000 | 0 | 0 | ||
| Log home furnishings | 2002-10-29 | 1,397 | 978 | 200DB | 7.000000000000 | 0 | 0 | ||
| Unfinished furniture | 2002-11-01 | 700 | 490 | 200DB | 7.000000000000 | 0 | 0 | ||
| Appliances | 2003-03-18 | 2,678 | 1,875 | 200DB | 7.000000000000 | 0 | 0 | ||
| Log Homes | 2004-04-30 | 30,818 | 4,774 | SL | 39.000000000000 | 790 | 0 | ||
| Beds | 2003-10-27 | 1,936 | 925 | 200DB | 7.000000000000 | 43 | 0 | ||
| Log Homes and Dining Hall | 2005-04-30 | 57,429 | 7,424 | SL | 39.000000000000 | 1,473 | 0 | ||
| Dishwasher | 2004-08-24 | 388 | 170 | 200DB | 7.000000000000 | 17 | 0 | ||
| Appliances | 2004-10-05 | 1,594 | 699 | 200DB | 7.000000000000 | 71 | 0 | ||
| Furnishings | 2004-10-14 | 614 | 270 | 200DB | 7.000000000000 | 27 | 0 | ||
| Furnishings-Bete McRae | 2005-01-30 | 265 | 227 | 200DB | 7.000000000000 | 23 | 0 | ||
| Furnishings-Contribution by Dr. and Mrs. McRae | 2005-04-30 | 16,900 | 14,133 | 200DB | 7.000000000000 | 1,476 | 0 | ||
| Log Homes | 2006-04-30 | 43,015 | 4,458 | SL | 39.000000000000 | 1,103 | 0 | ||
| Kitchen Appliances | 2006-04-30 | 18,486 | 13,846 | 200DB | 7.000000000000 | 1,614 | 0 | ||
| Kitchen - steel shelving | 2006-05-30 | 461 | 335 | 200DB | 7.000000000000 | 40 | 0 | ||
| Stage Riser - Furniture | 2007-04-06 | 1,577 | 1,023 | 200DB | 7.000000000000 | 158 | 0 | ||
| Audio speakers/Video Projector | 2007-04-25 | 4,104 | 2,662 | 200DB | 7.000000000000 | 412 | 0 | ||
| Parking Lot | 2006-08-08 | 1,710 | 541 | 150DB | 15.000000000000 | 117 | 0 | ||
| Ropes Course | 2007-03-15 | 3,071 | 860 | 150DB | 15.000000000000 | 221 | 0 | ||
| North Pine Rd - Rock passing | 2007-04-05 | 1,630 | 457 | 150DB | 15.000000000000 | 117 | 0 | ||
| Lightning detector/Anchor points | 2007-04-05 | 346 | 224 | 200DB | 7.000000000000 | 35 | 0 | ||
| Anytime Product - Stage Riser for Barn | 2007-05-16 | 1,059 | 596 | 200DB | 7.000000000000 | 132 | 0 | ||
| Valley Vet - Sheep Shearer | 2007-05-30 | 266 | 150 | 200DB | 7.000000000000 | 33 | 0 | ||
| All Pro Overhead Doors - Counter, Shutters, Foundation, Dining Hall | 2007-12-26 | 2,000 | 122 | SL | 39.000000000000 | 51 | 0 | ||
| Odyssey Ropes Course | 2007-05-01 | 137,293 | 31,646 | 150DB | 15.000000000000 | 10,565 | 0 | ||
| Barn/Dining Hall/Storage Shed Construction | 2009-03-12 | 251,974 | 7,268 | SL | 39.000000000000 | 6,461 | 0 | ||
| Stage Risers | 2008-06-18 | 1,859 | 721 | 200DB | 7.000000000000 | 325 | 0 | ||
| B & H Photo - Camera for Odyssey Course | 2008-08-11 | 2,674 | 1,037 | 200DB | 7.000000000000 | 468 | 0 | ||
| Dell Laptop Computer | 2008-09-03 | 844 | 439 | 200DB | 5.000000000000 | 162 | 0 | ||
| Foundation Bunk Beds (8) | 2008-11-13 | 5,200 | 2,016 | 200DB | 7.000000000000 | 910 | 0 | ||
| Wood Pellet Stove for Barn | 2009-01-29 | 2,810 | 1,090 | 200DB | 7.000000000000 | 492 | 0 | ||
| Eagle Sculpture by Jim Dolan | 2008-09-30 | 16,000 | NC | 0 % | 0 | 0 | |||
| Sofa | 2009-09-05 | 1,649 | 236 | 200DB | 7.000000000000 | 404 | 0 | ||
| 2 Chairs | 2009-11-05 | 654 | 93 | 200DB | 7.000000000000 | 160 | 0 | ||
| Kubota Mower | 2010-04-22 | 10,962 | 1,566 | 200DB | 7.000000000000 | 2,685 | 0 | ||
| Sound System | 2009-05-04 | 973 | 139 | 200DB | 7.000000000000 | 238 | 0 | ||
| Foundation Estimates | 2009-08-28 | 1,000 | 18 | SL | 39.000000000000 | 26 | 0 | ||
| Mattresses/Pads for Foundation | 2008-11-20 | 5,548 | 2,151 | 200DB | 7.000000000000 | 971 | 0 | ||
| Sound System for Barn | 2009-03-12 | 2,100 | 814 | 200DB | 7.000000000000 | 367 | 0 | ||
| Dining Hall Curtains | 2008-12-29 | 8,800 | 3,412 | 200DB | 7.000000000000 | 1,539 | 0 | ||
| Foundation Bunk Beds (2)/Ladders (3) | 2008-12-29 | 1,600 | 620 | 200DB | 7.000000000000 | 280 | 0 | ||
| Rafter Enclosure | 2009-10-09 | 1,500 | 21 | SL | 39.000000000000 | 38 | 0 | ||
| Electricity/Wiring - Barn | 2010-04-20 | 2,590 | 3 | SL | 39.000000000000 | 66 | 0 | ||
| Barn Stain and Chinking | 2009-10-22 | 19,344 | 2,763 | 200DB | 7.000000000000 | 4,737 | 0 | ||
| Stone for Pathway to House | 2010-02-15 | 3,529 | 176 | 150DB | 15.000000000000 | 335 | 0 | ||
| Grill | 2009-07-22 | 435 | 62 | 200DB | 7.000000000000 | 107 | 0 | ||
| Electric Fence | 2009-09-01 | 504 | 72 | 200DB | 7.000000000000 | 123 | 0 | ||
| Tables | 2009-05-01 | 983 | 140 | 200DB | 7.000000000000 | 241 | 0 | ||
| Bathroom renovations for the Steward House | 2010-09-01 | 2,535 | SL | 39.000000000000 | 41 | 0 | |||
| Stage Monitors | 2010-05-02 | 1,037 | 200DB | 7.000000000000 | 148 | 0 | |||
| Steward House AC Unit | 2010-10-12 | 3,400 | 200DB | 7.000000000000 | 486 | 0 | |||
| Dishwasher | 2011-04-25 | 460 | 200DB | 7.000000000000 | 66 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land | 1,186,516 | 0 | 1,186,516 | 0 |
| Log Homes | 273,517 | 56,398 | 217,119 | 0 |
| Furnishings | 1,465 | 1,465 | 0 | |
| Log home furnishings | 1,397 | 1,397 | 0 | |
| Unfinished furniture | 700 | 700 | 0 | |
| Appliances | 2,678 | 2,678 | 0 | |
| Log Homes | 30,818 | 5,564 | 25,254 | 0 |
| Beds | 1,936 | 1,936 | 0 | |
| Log Homes and Dining Hall | 57,429 | 8,897 | 48,532 | 0 |
| Dishwasher | 388 | 381 | 7 | 0 |
| Appliances | 1,594 | 1,567 | 27 | 0 |
| Furnishings | 614 | 604 | 10 | 0 |
| Furnishings-Bete McRae | 265 | 250 | 15 | 0 |
| Furnishings-Contribution by Dr. and Mrs. McRae | 16,900 | 15,609 | 1,291 | 0 |
| Log Homes | 43,015 | 5,561 | 37,454 | 0 |
| Kitchen Appliances | 18,486 | 15,460 | 3,026 | 0 |
| Kitchen - steel shelving | 461 | 375 | 86 | 0 |
| Stage Riser - Furniture | 1,577 | 1,181 | 396 | 0 |
| Audio speakers/Video Projector | 4,104 | 3,074 | 1,030 | 0 |
| Parking Lot | 1,710 | 658 | 1,052 | 0 |
| Ropes Course | 3,071 | 1,081 | 1,990 | 0 |
| North Pine Rd - Rock passing | 1,630 | 574 | 1,056 | 0 |
| Lightning detector/Anchor points | 346 | 259 | 87 | 0 |
| Anytime Product - Stage Riser for Barn | 1,059 | 728 | 331 | 0 |
| Valley Vet - Sheep Shearer | 266 | 183 | 83 | 0 |
| All Pro Overhead Doors - Counter, Shutters, Foundation, Dining Hall | 2,000 | 173 | 1,827 | 0 |
| Odyssey Ropes Course | 137,293 | 42,211 | 95,082 | 0 |
| Barn/Dining Hall/Storage Shed Construction | 251,974 | 13,729 | 238,245 | 0 |
| Stage Risers | 1,859 | 1,046 | 813 | 0 |
| B & H Photo - Camera for Odyssey Course | 2,674 | 1,505 | 1,169 | 0 |
| Dell Laptop Computer | 844 | 601 | 243 | 0 |
| Foundation Bunk Beds (8) | 5,200 | 2,926 | 2,274 | 0 |
| Wood Pellet Stove for Barn | 2,810 | 1,582 | 1,228 | 0 |
| Eagle Sculpture by Jim Dolan | 16,000 | 0 | 16,000 | 0 |
| Sofa | 1,649 | 640 | 1,009 | 0 |
| 2 Chairs | 654 | 253 | 401 | 0 |
| Kubota Mower | 10,962 | 4,251 | 6,711 | 0 |
| Sound System | 973 | 377 | 596 | 0 |
| Foundation Estimates | 1,000 | 44 | 956 | 0 |
| Mattresses/Pads for Foundation | 5,548 | 3,122 | 2,426 | 0 |
| Sound System for Barn | 2,100 | 1,181 | 919 | 0 |
| Dining Hall Curtains | 8,800 | 4,951 | 3,849 | 0 |
| Foundation Bunk Beds (2)/Ladders (3) | 1,600 | 900 | 700 | 0 |
| Rafter Enclosure | 1,500 | 59 | 1,441 | 0 |
| Electricity/Wiring - Barn | 2,590 | 69 | 2,521 | 0 |
| Barn Stain and Chinking | 19,344 | 7,500 | 11,844 | 0 |
| Stone for Pathway to House | 3,529 | 511 | 3,018 | 0 |
| Grill | 435 | 169 | 266 | 0 |
| Electric Fence | 504 | 195 | 309 | 0 |
| Tables | 983 | 381 | 602 | 0 |
| Bathroom renovations for the Steward House | 2,535 | 41 | 2,494 | 0 |
| Stage Monitors | 1,037 | 148 | 889 | 0 |
| Steward House AC Unit | 3,400 | 486 | 2,914 | 0 |
| Dishwasher | 460 | 66 | 394 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Insurance | 5,486 | 0 | 0 | |
| Meals and entertainment | 649 | 0 | 0 | |
| Penalties | 54 | 0 | 0 | |
| Repairs and maintenance | 7,975 | 0 | 0 | |
| Supplies | 3,267 | 0 | 0 | |
| Utilities | 7,942 | 0 | 0 | |
| Dues and Subscriptions | 75 | 0 | 0 | |
| Contract labor | 6,692 | 0 | 0 |
| Name | Address |
|---|---|
| J Finley McRae Jr |
2600 Arlington Avenue S 73 Birmingham,AL35205 |
| Elizabeth H McRae |
2600 Arlington Avenue S 73 Birmingham,AL35205 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Taxes - payroll | 1,782 | 0 | 0 | |
| Taxes paid | 203 | 0 | 0 |