| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ONISKO & SCHOLZ TAX & ACCOUNTING FEES | 5,549 | 0 | 0 | 5,549 |
| 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 COMPUTER | 2012-10-05 | 2,277 | 1,024 | SL | 5.0000 | 455 | |||
| OFFICE TABLETS | 2012-10-04 | 1,574 | 709 | SL | 5.0000 | 315 | |||
| OFFICE COMPUTER | 2013-05-28 | 3,832 | 1,213 | SL | 5.0000 | 766 | |||
| OFFICE FURNITURE | 2013-09-06 | 6,860 | 1,307 | SL | 7.0000 | 980 | |||
| OFFICE FURNITURE | 2013-09-24 | 862 | 154 | SL | 7.0000 | 123 | |||
| TABLET | 2014-01-08 | 683 | 137 | SL | 5.0000 | 137 | |||
| OFFICE COMPUTER | 2015-07-16 | 1,234 | SL | 5.0000 | 103 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 7,722 | 2,564 | 5,158 | |
| Machinery and Equipment | 9,600 | 4,859 | 4,741 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 439 | 439 | ||
| MISCELLANEOUS | 946 | 946 | ||
| PAYROLL FEES | 1,445 | 1,445 | ||
| PAYROLL TAX EXPENSE | 18,759 | 18,759 | ||
| PROF. DEVELOPMENT | 6,712 | 6,712 | ||
| STUDENT ASSEMBLY | 30,053 | 30,053 | ||
| STUDENT RECRUITMENT | 9,929 | 9,929 | ||
| SUPPLIES | 4,158 | 4,158 | ||
| TELEPHONE | 3,603 | 3,603 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 35,493 | 59,999 |