| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CPA FEES | 325 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| POLYCOM PHONE | 2008-04-01 | 525 | 494 | 53 | 5.76 % | 31 | |||
| SOUND SYSTEM | 2008-07-29 | 2,504 | 2,359 | 53 | 5.76 % | 145 | |||
| SOUND SYSTEM | 2008-08-01 | 2,360 | 2,224 | 53 | 5.76 % | 136 | |||
| EQUIPMENT | 2008-09-22 | 193 | 182 | 53 | 5.76 % | 11 | |||
| EQUIPMENT | 2008-09-23 | 103 | 98 | 53 | 5.76 % | 5 | |||
| EQUIPMENT | 2008-12-17 | 54 | 50 | 53 | 5.76 % | 4 | |||
| FILE CABINET | 2009-02-25 | 164 | 135 | 53 | 11.52 % | 19 | |||
| CAMCORDER | 2009-07-17 | 387 | 320 | 53 | 11.52 % | 45 | |||
| IMAC | 2009-08-31 | 2,006 | 1,659 | 53 | 11.52 % | 231 | |||
| SPEAKERS | 2009-09-30 | 543 | 450 | 53 | 11.52 % | 63 | |||
| speaker | 2011-10-11 | 180 | 77 | 53 | 22.80 % | 41 | |||
| VIDEO CAMERA | 2011-10-11 | 691 | 298 | 53 | 22.80 % | 158 | |||
| PC PROJECTOR | 2011-10-11 | 676 | 291 | 53 | 22.80 % | 154 | |||
| COMPUTER | 2011-10-11 | 2,111 | 908 | 53 | 22.80 % | 481 | |||
| PRINTER | 2011-10-11 | 286 | 123 | 53 | 22.80 % | 65 | |||
| SOUND EQUIPMENT | 2012-09-27 | 1,110 | 167 | 53 | 34.00 % | 377 | |||
| COMPUTER | 2012-11-11 | 2,489 | 124 | 53 | 38.00 % | 946 | |||
| IPAD | 2012-04-16 | 544 | 136 | 53 | 30.00 % | 163 | |||
| CHURCH BUILDING | 2013-09-11 | 2,141,851 | 87 | 0.75 % | 16,042 | ||||
| roof | 2013-10-18 | 38,280 | 87 | 0.54 % | 205 | ||||
| HVAC | 2013-12-31 | 22,157 | 87 | 0.11 % | 24 | ||||
| EQUIPMENT | 2013-10-15 | 2,234 | 53 | 20.00 % | 447 | ||||
| MOBILE ICU UNIT | 2013-06-18 | 159,536 | 53 | 20.00 % | 31,907 | ||||
| BUILDING IMPROVEMENTS | 2013-10-15 | 72,020 | 87 | 0.54 % | 385 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 4,105 | 4,105 | ||
| Buildings | 2,300,000 | |||
| Miscellaneous | 2,454,782 | 63,958 | 2,390,824 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 24,051 | 0 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | FIRST CITIZENS BANK |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1087500 |
| Balance Due | 850476 |
| Date of Note | 2013-09 |
| Maturity Date | 2033-09 |
| Repayment Terms | MONTHLY PAYMENTS OF 5,862.91 |
| Interest Rate | 2.6500 |
| Security Provided by Borrower | REAL ESTATE |
| Purpose of Loan | ACQUIRE CHURCH BUILDING |
| Description of Lender Consideration | CASH AND REAL ESTATE |
| Consideration FMV | 2100000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 194 | |||
| BANK CHARGES | 353 | |||
| CONVENTION | 2,364 | 2,364 | ||
| DUES | 160 | |||
| DUES - NIFLA - MOBILE ICU | 4,850 | 4,850 | ||
| FUEL - ICU MOBILE | 5,670 | 5,670 | ||
| FUEL - ICU MOBILE | 795 | 795 | ||
| INSURANCE | 1,521 | |||
| INSURANCE - ICU MOBILE | 1,683 | 1,683 | ||
| OFFICE EXPENSE | 1,933 | |||
| PAINTING - CHURCH | 7,450 | 7,450 | ||
| POSTAGE | 356 | |||
| TELEPHONE | 3,252 | |||
| TRAINING MATERIALS | 5,500 | 5,500 | ||
| WEBSITE DEVELOPMENT/HOSTING | 3,113 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CA FTB | 30 | |||
| FEDERAL EXCISE TAX | 630 | |||
| REAL ESTATE TAX - BUILDING | 8,022 |