| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND AUDITING | 1,867 | 467 | 467 | 1,400 |
| ATTORNEY FEES |
| 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 | 11,410 | S/L | 39.0000 | 954 | |||
| 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 | 38,474 | S/L | 20.0000 | ||||
| FURNACE | 1991-03-11 | 17,300 | 16,868 | S/L | 20.0000 | 432 | |||
| IMPROVEMENTS | 1993-07-28 | 16,060 | 7,172 | S/L | 39.0000 | 412 | |||
| IMPROVEMENTS | 1993-08-31 | 31,975 | 14,211 | S/L | 39.0000 | 820 | |||
| IMPROVEMENTS | 1993-10-04 | 8,279 | 3,661 | S/L | 39.0000 | 213 | |||
| IMPROVEMENTS | 1994-05-12 | 14,240 | 6,085 | S/L | 39.0000 | 365 | |||
| IMPROVEMENTS | 1994-08-01 | 2,858 | 1,202 | S/L | 39.0000 | 74 | |||
| ROOF | 1995-07-05 | 22,282 | 8,856 | S/L | 39.0000 | 571 | |||
| IMPROVEMENTS | 1996-11-11 | 14,681 | 5,333 | S/L | 39.0000 | 376 | |||
| IMPROVEMENTS | 1998-04-03 | 73,871 | 23,895 | S/L | 39.0000 | 1,894 | |||
| PAVING | 1998-07-17 | 6,600 | 2,094 | S/L | 39.0000 | 169 | |||
| CARPETING | 1998-11-03 | 575 | 178 | S/L | 39.0000 | 15 | |||
| ROOF AND A/C | 1998-11-03 | 7,348 | 5,634 | S/L | 15.0000 | 490 | |||
| IMPROVEMENTS | 2000-03-05 | 8,544 | 5,981 | S/L | 15.0000 | 569 | |||
| WINDOWS | 2000-06-08 | 3,477 | 2,433 | S/L | 15.0000 | 232 | |||
| WINDOWS | 2001-01-18 | 4,060 | 2,571 | S/L | 15.0000 | 271 | |||
| BUILDING IMPROVEMENTS | 2001-03-09 | 6,934 | 4,391 | S/L | 15.0000 | 462 | |||
| WINDOWS | 2001-09-15 | 15,500 | 9,817 | S/L | 15.0000 | 1,033 | |||
| IMPROVEMENTS | 2001-09-15 | 13,778 | 8,726 | S/L | 15.0000 | 919 | |||
| ELECTRICAL - BOYS DORM | 2001-09-15 | 47,213 | 10,290 | S/L | 39.0000 | 1,210 | |||
| ASSETS HELD FOR INVESTMENT | 1960-10-01 | 3,000 | 3,000 | S/L | 10.0000 | ||||
| BUILDING IMPROVEMENTS | 2003-01-01 | 148,558 | 30,473 | S/L | 39.0000 | 3,810 | |||
| IMPROVEMENTS | 1988-07-01 | 22,964 | 22,964 | S/L | 20.0000 | ||||
| ROOF | 2004-01-08 | 16,807 | 5,882 | S/L | 20.0000 | 841 | |||
| IMPROVEMENTS | 2004-01-12 | 235 | 165 | S/L | 10.0000 | 23 | |||
| DORM REPAIR | 2004-11-09 | 9,275 | 3,813 | S/L | 15.0000 | 618 | |||
| GAS CLOTHES DRYER | 2005-02-25 | 2,897 | 2,897 | 200DB | 5.0000 | ||||
| IMPROVEMENTS | 2005-11-14 | 713 | 503 | 200DB | 10.0000 | 46 | |||
| TABLES, SOFA AND CHAIR | 2007-01-08 | 1,763 | 1,410 | S/L | 5.0000 | 353 | |||
| BROWN TILE | 2007-08-31 | 4,756 | 2,564 | 200DB | 10.0000 | 439 | |||
| PAINTING | 2007-12-31 | 9,900 | 2,970 | S/L | 10.0000 | 990 | |||
| 2008 PURCHASES FROM ACE | 2008-02-01 | 1,028 | 600 | S/L | 5.0000 | 205 | |||
| CAPITAL IMPROVEMENTS | 2011-07-01 | 48,626 | S/L | 15.0000 | 1,621 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF SECURITIES | 2006-07 | PURCHASE | 2011-07 | 265,432 | 265,570 | -138 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 471,772 | 471,772 |
| MUTUAL FUND | 300,656 | 300,656 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 827,366 | 356,051 | 471,315 | 471,315 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| NOTE RECEIVABLE FROM UNRELATED | 150,000 | 150,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK CHARGES | 60 | 30 | 30 | 30 |
| CLEANING | 100 | 100 | ||
| DIRECTOR FEES | 750 | 75 | 75 | 675 |
| INSURANCE | 7,550 | 7,550 | ||
| MAINTENANCE AND REPAIRS | 8,002 | 8,002 | ||
| MANAGEMENT FEES | 65 | 30 | 30 | 35 |
| OFFICE EXPENSES | 152 | 76 | 76 | 76 |
| OUTSIDE LABOR | 1,730 | 1,730 | ||
| PEST CONTROL | 700 | 700 | ||
| UTILITIES | 8,387 | 8,387 | ||
| RENT | 90 | 45 | 45 | 45 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| GAIN ON THE VALUATION | 8,809 | 8,809 | 8,809 |
| USDA INCOME | 19,821 | 19,821 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 2,740 | 900 | 900 | 1,840 |
| PROPERTY TAXES | 1,051 | 1,051 |