| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 700 | 233 | 233 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| PROFESSIONAL EQUIPMENT | 2012-02-05 | 2,695 | 353 | SL | 7.000000000000 | 385 | 0 | ||
| EQUIPMENT | 1997-07-01 | 4,321 | 4,321 | SL | 5.000000000000 | 0 | 0 | ||
| EQUIPMENT | 1997-07-07 | 305 | 305 | SL | 3.000000000000 | 0 | 0 | ||
| COMPUTER EQUIPMENT | 2011-12-05 | 2,856 | 619 | SL | 5.000000000000 | 571 | 0 | ||
| COMPUTER EQUIPMENT | 2011-02-14 | 257 | 99 | SL | 5.000000000000 | 51 | 0 | ||
| EQUIPMENT | 2011-06-24 | 210 | 45 | SL | 7.000000000000 | 30 | 0 | ||
| EQUIPMENT | 2011-06-17 | 245 | 53 | SL | 7.000000000000 | 35 | 0 | ||
| ART COMPUTER | 2011-05-11 | 397 | 132 | SL | 5.000000000000 | 79 | 0 | ||
| EQUIPMENT | 2011-04-08 | 219 | 55 | SL | 7.000000000000 | 31 | 0 | ||
| DELL COMPUTER | 2011-01-19 | 179 | 69 | SL | 5.000000000000 | 36 | 0 | ||
| EQUIPMENT | 1997-07-01 | 8,193 | 8,193 | SL | 7.000000000000 | 0 | 0 | ||
| EQUIPMENT | 2001-07-01 | 4,314 | 4,314 | SL | 7.000000000000 | 0 | 0 | ||
| EQUIPMENT | 1992-07-01 | 190,392 | 190,392 | SL | 7.000000000000 | 0 | 0 | ||
| PROFESSIONAL EQUIPMENT | 2013-04-08 | 953 | SL | 7.000000000000 | 102 | 0 | |||
| APPLE STORE - COMPUTER | 2013-01-07 | 559 | SL | 5.000000000000 | 112 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| 990PF PAGE 1 SECTION G | THE ORGANIZATION'S TAX EXEMPT STATUS WAS REVOKED FOR FAILURE TO FILE 3 CONSECUTIVE RETURNS. THE ORGANIZATION HAD PREVIOUSLY FILED FORM 990'S UP TO THE YEAR 2000, WHEN IT'S REVENUE WAS UNDER THE REQUIREMENTS FOR FILING. DUE TO A CHANGE IN TAX PREPARERS, AND THE NEW LAW IMPLEMENTED, THE ORGANIZATION INADVERTENTLY FAILED TO FILE RETURNS AS NOW REQUIRED. THE ORIGINAL FILING INCLUDED EXEMPTION AS A MEDICAL RESEARCH ORGANIZATION OPERATED IN CONJUNCTION WITH A HOSPITAL DESCRIBED IN 170(B)(1)(A)(II). A NEW FORM 1023 HAS BEEN FILED TO REINSTATE THE CHARITABLE STATUS OF THE ORGANIZATION. THE FORM 990-PF IS BEING FILED FROM 2010 ON TO FULFILL FILING REQUIREMENTS FOR REINSTATEMENT. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PROFESSIONAL EQUIPMENT | 2,695 | 738 | 1,957 | |
| EQUIPMENT | 4,321 | 4,321 | 0 | |
| EQUIPMENT | 305 | 305 | 0 | |
| COMPUTER EQUIPMENT | 2,856 | 1,190 | 1,666 | |
| COMPUTER EQUIPMENT | 257 | 150 | 107 | |
| EQUIPMENT | 210 | 75 | 135 | |
| EQUIPMENT | 245 | 88 | 157 | |
| ART COMPUTER | 397 | 211 | 186 | |
| EQUIPMENT | 219 | 86 | 133 | |
| DELL COMPUTER | 179 | 105 | 74 | |
| EQUIPMENT | 8,193 | 8,193 | 0 | |
| EQUIPMENT | 4,314 | 4,314 | 0 | |
| EQUIPMENT | 190,392 | 190,392 | 0 | |
| PROFESSIONAL EQUIPMENT | 953 | 102 | 851 | |
| APPLE STORE - COMPUTER | 559 | 112 | 447 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 11,301 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 1436303 |
| Balance Due | 1326335 |
| Date of Note | 2009-12 |
| Maturity Date | 2019-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NOTE PAYABLE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 80554 |
| Balance Due | 80554 |
| Date of Note | 2010-12 |
| Maturity Date | 2020-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NOTE PAYABLE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 15000 |
| Balance Due | 15000 |
| Date of Note | 2011-12 |
| Maturity Date | 2021-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NOTE PAYABLE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 449 | 449 | 449 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 1,292 | 0 | 0 | |
| INSURANCE EXPENSE | 495 | 0 | 495 | |
| EQUIPMENT EXPENSE | 686 | 0 | 240 | |
| DUES & SUBSCRIPTIONS | 3,098 | 0 | 530 | |
| PATIENT EXPENSE | 82 | 0 | 82 | |
| BANK CHARGES | 1,425 | 0 | 0 | |
| PERMITS & LICENSES | 869 | 0 | 139 | |
| PROFESSIONAL DEVELOPMENT | 225 | 0 | 225 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO INDIVIDUAL | 174,655 | 542,590 |
| Name | Address |
|---|---|
|
UNISEA SHIPPING LTD |
5 XENIAS STR KIFISIAS,ATTIKIS14562 GR |