| 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 |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EQUITIES - COMMON STOCK | 186,639 | 233,897 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| EQUITIES - MUTUAL FUNDS | AT COST | 80,758 | 79,685 |
| FIXED INCOME - ETF | AT COST | 15,594 | 15,630 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| REFUNDABLE DEPOSITS - LEASED E | 2,447 | 0 | 0 |
| Description | Amount |
|---|---|
| ROUNDING ADJUSTMENT | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 3,642 | 2,731 | 875 | |
| ADVERTISING | 2,880 | |||
| MISCELLANEOUS | 367 | 367 | ||
| INVESTMENT FEES | 5,522 | 5,522 | 5,522 | |
| GRANT RELATED COSTS | 318 | |||
| STIPENDS/DIRECTORS FEES | 41,500 | 39,750 | 1,750 | |
| OFFICE EXPENSE | 36,357 | 18,178 | 13,633 | 4,546 |
| COURSE MATERIALS & COSTS | 20,466 | |||
| SUPPLIES | 122,781 | 99,912 | 22,469 | |
| EQUIPMENT COSTS | 7,873 | 5,905 | 1,968 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION | 533,209 | 533,209 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LEASE PAYABLE | 65,791 | 40,762 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 21,807 | 15,439 | 6,181 |