| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 876 | 876 | 0 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| START-UP EXPENDITURES | 2012-09-12 | 29,666 | 4,615 | 180.000000000000 | 1,978 | 0 | 6,593 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| START-UP EXPENDITURES | 29,666 | 6,593 | 23,073 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 84 | 0 | 0 | |
| PHONE EXPENSE | 2,784 | 0 | 0 | |
| MEALS | 9,964 | 0 | 0 | |
| SUBSCRIPTIONS | 1,910 | 0 | 0 | |
| MEMBERSHIP DUES | 5,893 | 0 | 0 | |
| ADVERTISING | 3,568 | 0 | 0 | |
| POSTAGE | 492 | 0 | 0 | |
| SUPPLIES | 1,859 | 0 | 0 | |
| AMORTIZATION | 1,978 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO DAVID WARNOCK | 96,462 | 96,462 |
| OTHER LIABILITIES | 13,870 | 0 |
| PNC CASH OVERDRAFT | 0 | 12,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IT SUPPORT | 232 | 0 | 0 | |
| CONSULTING | 71,444 | 0 | 0 | |
| MARKETING | 36,857 | 0 | 0 | |
| WEBSITE | 37 | 0 | 0 |
| Name | Address |
|---|---|
| DAVID WARNOCK |
500 E PRATT STREET SUITE 1200 BALTIMORE,MD21202 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 5,416 | 271 | 0 |