| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & ACCOUNTING | 65 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| ARCHITECTS DRAWINGS | 1996-12-01 | 1,226 | 506 | SL | 39.000000000000 | 31 | 0 | ||
| HVAC UNIT | 1996-12-01 | 3,600 | 1,485 | SL | 39.000000000000 | 92 | 0 | ||
| CONSTRUCTION OF CHAPEL | 1996-12-01 | 22,235 | 9,170 | SL | 39.000000000000 | 570 | 0 | ||
| QUEEN OF LIFE BENCHES | 2006-10-09 | 6,700 | 5,982 | SL | 7.000000000000 | 718 | 0 | ||
| MONSTRANCE | 2012-11-16 | 17,500 | 208 | SL | 7.000000000000 | 2,500 | 0 | ||
| CARPET | 1996-12-01 | 6,892 | 6,892 | SL | 7.000000000000 | 0 | 0 | ||
| FURNISHINGS | 1996-12-01 | 1,063 | 1,063 | SL | 7.000000000000 | 0 | 0 | ||
| TABLE | 1996-12-01 | 1,375 | 1,375 | SL | 7.000000000000 | 0 | 0 | ||
| BENCHES | 1996-12-01 | 12,005 | 12,005 | SL | 7.000000000000 | 0 | 0 | ||
| KNEELERS | 1996-12-01 | 3,903 | 3,903 | SL | 7.000000000000 | 0 | 0 | ||
| STATIONS OF THE CROSS | 1997-02-19 | 22,065 | 22,065 | SL | 7.000000000000 | 0 | 0 | ||
| LOCK AND KNOBS FOR DOOR | 1997-07-03 | 501 | 501 | SL | 7.000000000000 | 0 | 0 | ||
| FURNISHINGS | 1997-01-07 | 1,561 | 1,561 | SL | 7.000000000000 | 0 | 0 | ||
| ARMOIRE | 1997-05-20 | 3,500 | 3,500 | SL | 7.000000000000 | 0 | 0 | ||
| CHAIR | 2001-01-15 | 862 | 862 | SL | 7.000000000000 | 0 | 0 | ||
| OAK KNEELERS | 2001-04-06 | 1,032 | 1,032 | SL | 7.000000000000 | 0 | 0 | ||
| MONSTRANCE | 2013-01-30 | 17,500 | SL | 7.000000000000 | 2,292 | 0 | |||
| PRIEST GARMENTS | 2013-01-01 | 4,230 | SL | 7.000000000000 | 604 | 0 | |||
| PROCESSIONAL CROSS | 2013-04-18 | 6,500 | SL | 7.000000000000 | 619 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| ARCHITECTS DRAWINGS | 1,226 | 537 | 689 | |
| HVAC UNIT | 3,600 | 1,577 | 2,023 | |
| CONSTRUCTION OF CHAPEL | 22,235 | 9,740 | 12,495 | |
| QUEEN OF LIFE BENCHES | 6,700 | 6,700 | 0 | |
| MONSTRANCE | 17,500 | 2,708 | 14,792 | |
| CARPET | 6,892 | 6,892 | 0 | |
| FURNISHINGS | 1,063 | 1,063 | 0 | |
| TABLE | 1,375 | 1,375 | 0 | |
| BENCHES | 12,005 | 12,005 | 0 | |
| KNEELERS | 3,903 | 3,903 | 0 | |
| STATIONS OF THE CROSS | 22,065 | 22,065 | 0 | |
| LOCK AND KNOBS FOR DOOR | 501 | 501 | 0 | |
| FURNISHINGS | 1,561 | 1,561 | 0 | |
| ARMOIRE | 3,500 | 3,500 | 0 | |
| CHAIR | 862 | 862 | 0 | |
| OAK KNEELERS | 1,032 | 1,032 | 0 | |
| MONSTRANCE | 17,500 | 2,292 | 15,208 | |
| PRIEST GARMENTS | 4,230 | 604 | 3,626 | |
| PROCESSIONAL CROSS | 6,500 | 619 | 5,881 |
| Description | Amount |
|---|---|
| ACCRUAL TO CASH ADJUSTMENTS | 3,911 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHAPEL SUPPLIES | 11,109 | 0 | 11,109 | |
| SHIPPING | 15 | 0 | 15 | |
| BANK CHARGES | 150 | 0 | 150 | |
| OTHER EXPENSES | 17,238 | 0 | 17,238 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE - TIM BUSCH | 197,500 | 478 |
| NOTE PAYABLE - THE BUSCH FIRM | 214,874 | 0 |
| Name | Address |
|---|---|
| TIMOTHY BUSCH |
2532 DUPONT DRIVE IRVINE,CA92612 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MI FILING FEE | 20 | 0 | 0 | |
| CA FILING FEE | 10 | 0 | 0 |