| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,845 | 2,845 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FAX & COPIER | 1995-12-01 | 539 | 539 | S/L | 7.0000 | ||||
| OFFICE EQUIPMENT | 1995-12-01 | 686 | 686 | S/L | 7.0000 | ||||
| TYPEWRITER | 1995-12-01 | 273 | 273 | S/L | 7.0000 | ||||
| CHAIRS | 1995-12-01 | 643 | 643 | S/L | 7.0000 | ||||
| OFFICE FURNITURE | 1995-12-01 | 3,643 | 3,643 | S/L | 7.0000 | ||||
| COMPUTER | 1995-12-01 | 2,482 | 2,482 | S/L | 5.0000 | ||||
| DELL COMPUTER | 2005-12-01 | 1,831 | 1,571 | S/L | 10.0000 | 183 | |||
| HP PRINTER | 2005-12-27 | 459 | 391 | S/L | 10.0000 | 46 | |||
| DELL COMPUTER | 2006-04-01 | 1,661 | 1,370 | S/L | 10.0000 | 166 | |||
| ANTIQUE HANGAR | 2007-07-01 | 6,000 | 1,072 | S/L | 39.0000 | 154 | |||
| COMPUTER | 2009-04-24 | 1,518 | 785 | S/L | 10.0000 | 151 | |||
| HANGAR IMPROVEMENTS | 2008-10-07 | 2,400 | 353 | S/L | 39.0000 | 62 | |||
| CURTISS PUSHER AIRCRAFT | 1987-01-01 | 28,269 | |||||||
| HAMILTON STANDARD PROP | 1988-01-01 | 800 | 800 | ||||||
| AIRCRAFT PAINTINGS | 1998-07-02 | 3,200 | 3,200 | ||||||
| PIPER J-3 AIRCRAFT | 2008-05-15 | 37,988 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| STOCK & BOND SALES - SEE SCHEDULE | 2010-07 | PURCHASE | 2015-07 | 1,271,891 | 1,268,113 | 3,778 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| STOCKS & BONDS | AT COST | 14,967,157 | 15,662,985 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 92,392 | 18,571 | 73,821 | 110,800 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| NOTE RECEIVABLE - LABADIE | 122,300 | 112,937 | |
| PREPAID INCOME TAX | 10,100 | 9,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| OFFICE SUPPLIES | 748 | 748 | ||
| POSTAGE | 379 | 379 | ||
| REPAIRS AND MAINTENANCE | 1,226 | 1,226 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ACCOUNT FEES | 59,664 | 59,664 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INCOME TAX | 8,842 | 8,842 | ||
| FOREIGN TAXES | 1,000 | 1,000 |