| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,150 | 0 | 2,150 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| DELL COMPUTER | 2008-02-04 | 9,798 | 9,636 | SL | 5.000000000000 | 162 | 0 | 162 | |
| PRINTER | 2008-02-14 | 797 | 782 | SL | 5.000000000000 | 15 | 0 | 15 | |
| PROJECTION SYSTEM | 2008-04-02 | 1,232 | 836 | SL | 7.000000000000 | 176 | 0 | 176 | |
| PROJECTION SYSTEM | 2008-04-02 | 432 | 294 | SL | 7.000000000000 | 62 | 0 | 62 | |
| PROJECTION SYSTEM | 2008-04-02 | 807 | 547 | SL | 7.000000000000 | 115 | 0 | 115 | |
| A/C UNIT | 2008-04-04 | 534 | 361 | SL | 7.000000000000 | 76 | 0 | 76 | |
| VIDEO PROJECTION | 2008-05-08 | 800 | 532 | SL | 7.000000000000 | 114 | 0 | 114 | |
| PATIO FURNITURE | 2008-08-04 | 518 | 327 | SL | 7.000000000000 | 74 | 0 | 74 | |
| FURNITURE | 2008-09-16 | 1,660 | 1,007 | SL | 7.000000000000 | 237 | 0 | 237 | |
| CAMERA | 2009-11-18 | 315 | 139 | SL | 7.000000000000 | 45 | 0 | 45 | |
| VIDEO CAMERA FROM B&H PHOTO | 2009-10-19 | 1,538 | 697 | SL | 7.000000000000 | 220 | 0 | 220 | |
| NEW COMPUTER - DELL | 2010-05-28 | 1,610 | 594 | SL | 7.000000000000 | 230 | 0 | 230 | |
| DELL COMPUTER | 2010-06-09 | 1,354 | 499 | SL | 7.000000000000 | 193 | 0 | 193 | |
| SECURITY SYSTEM | 2010-09-01 | 614 | 205 | SL | 7.000000000000 | 88 | 0 | 88 | |
| IPAD | 2010-10-12 | 1,060 | 340 | SL | 7.000000000000 | 151 | 0 | 151 | |
| SOUND BOARD SPEAKERS | 2010-11-03 | 2,343 | 726 | SL | 7.000000000000 | 335 | 0 | 335 | |
| SOUND BOARD | 2010-12-02 | 504 | 150 | SL | 7.000000000000 | 72 | 0 | 72 | |
| GOLF CART | 2011-03-21 | 2,620 | 655 | SL | 7.000000000000 | 374 | 0 | 374 | |
| BLACK DESK | 2011-01-28 | 212 | 58 | SL | 7.000000000000 | 30 | 0 | 30 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DELL COMPUTER | 9,798 | 9,798 | 0 | |
| PRINTER | 797 | 797 | 0 | |
| PROJECTION SYSTEM | 1,232 | 1,012 | 220 | |
| PROJECTION SYSTEM | 432 | 356 | 76 | |
| PROJECTION SYSTEM | 807 | 662 | 145 | |
| A/C UNIT | 534 | 437 | 97 | |
| VIDEO PROJECTION | 800 | 646 | 154 | |
| PATIO FURNITURE | 518 | 401 | 117 | |
| FURNITURE | 1,660 | 1,244 | 416 | |
| CAMERA | 315 | 184 | 131 | |
| VIDEO CAMERA FROM B&H PHOTO | 1,538 | 917 | 621 | |
| NEW COMPUTER - DELL | 1,610 | 824 | 786 | |
| DELL COMPUTER | 1,354 | 692 | 662 | |
| SECURITY SYSTEM | 614 | 293 | 321 | |
| IPAD | 1,060 | 491 | 569 | |
| SOUND BOARD SPEAKERS | 2,343 | 1,061 | 1,282 | |
| SOUND BOARD | 504 | 222 | 282 | |
| GOLF CART | 2,620 | 1,029 | 1,591 | |
| BLACK DESK | 212 | 88 | 124 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 28,690 | 28,690 | 28,690 |
| LEGAL FEES - ORGANIZATION | 10,825 | 10,825 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELECOMMUNICATIONS | 3,417 | 0 | 3,417 | 0 |
| CONTRACTED SERVICES | 2,094 | 0 | 0 | 2,094 |
| OTHER | 1,242 | 0 | 1,242 | 0 |
| SUPPLIES | 3,858 | 0 | 738 | 3,120 |
| INSURANCE | 1,596 | 0 | 1,596 | 0 |
| BUSINESS EXPENSE | 419 | 0 | 419 | 0 |
| MEALS | 185 | 0 | 0 | 185 |
| EQUIPMENT RENTAL | 552 | 0 | 552 | 0 |
| ADVERTISING | 981 | 0 | 0 | 981 |
| MEMBERSHIP DUES | 99 | 0 | 99 | 0 |
| OFFICE | 531 | 0 | 531 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SALE OF ART | 276 | 276 | |
| RENT FOR ART STUDIOS | 4,789 | 4,789 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 174 | 678 |
| CREDIT CARD PAYABLE | 982 | 204 |
| PAYROLL LIABITLIES | 1,324 | 228 |
| BANK | 0 | 807 |
| SALES TAX PAYABLE | 0 | 42 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTOR | 1,897 | 0 | 1,897 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL | 4,166 | 0 | 417 | 3,749 |