| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,077 | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE EQUIPMENT | 2011-01-11 | 520 | 208 | 91 | 5.0000 | 104 | |||
| OFFICE EQUIPMENT | 2011-03-31 | 615 | 215 | 91 | 5.0000 | 123 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 1,135 | 650 | 485 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTOMOBILE EXPENSES | 160 | |||
| BANK SERVICE CHARGES | 3 | |||
| BROKER INVESTMENT FEES | 5,650 | 5,650 | 5,650 | |
| COMMUNICATIONS | 1,440 | |||
| CONTRACT LABOR | 300 | |||
| CUSTODIAN FEES | 573 | 573 | 573 | |
| EDITING | 133 | |||
| GIFTS | 175 | |||
| LICENCES | 10 | |||
| MEALS | 141 | |||
| OFFICE SUPPLIES | 418 | |||
| PARKING & TOLLS | 6 | |||
| POSTAGE | 382 | |||
| REPAIRS AND MAINTENANCE | 94 | |||
| RESEARCH | 324 | |||
| SEMINAR | 130 | |||
| STORAGE RENT | 2,907 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO INCREASE IN NET ASSETS | 70,395 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 11,464 | 0 | 0 | 0 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| 487 | 230 | 257 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 1,883 | 1,883 | 1,883 | |
| OTHER TAXES | 474 |