| Identifier | Return Reference | Explanation |
|---|---|---|
| DISREGARDED ENTITY | FORM 990-PF, PART VII-A LINE 11 | THE ORGANIZATION HAS DISREGARDED ENTITIES; LEGACY SCHOOL PROPERTIES, LLC; WEST GREENVILLE INVESTORS, LLC ; CYL HOLDINGS, LLC104 BROADUS AVENUE, GREENVILLE, SC 29601EIN: 22-3670039 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF AMERICA STOCK | 804 | 804 |
| GALLAGHER ARTHUR J & CO COM | 10,197 | 4,949 |
| GIFT IN KIND STOCK | 5,059 | 5,059 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 7,681 | 0 | 0 | 7,681 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CASH SURRENDER VALUE OF LIFE INSURANCE | 122,353 | 0 | 0 |
| INTANGIBLES |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 239 | 0 | 0 | 239 |
| PAYROLL EXPENSE | 2,214 | 0 | 0 | 2,214 |
| OFFICE EXPENSE | 35,293 | 0 | 0 | 35,293 |
| AMORTIZATION | 26,069 | 0 | 0 | 26,069 |
| MEALS AND ENTERTAINMENT | 63,845 | 0 | 0 | 63,845 |
| DUES AND SUBSCRIPTIONS | 1,350 | 0 | 0 | 1,350 |
| MISCELLANEOUS EXPENSE | 26,425 | 0 | 0 | 26,425 |
| INSURANCE EXPENSE | 2,250 | 2,250 | 0 | 0 |
| STAFF RECRUITMENT | 25,939 | 0 | 0 | 25,939 |
| MAINTENANCE & REPAIR | 28,058 | 0 | 0 | 28,058 |
| STIPEND | 80,462 | 0 | 0 | 80,462 |
| Description | Amount |
|---|---|
| CHANGE DUE TO ACCRUAL TO CASH ADJUSTMENT | 20,328 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BONDS PAYABLE | 14,834,910 | 14,834,910 |
| LOANS PAYABLE | 2,153,480 | 1,902,872 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 112,929 | 250 | 0 | 112,679 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 33,171 | 10,946 | 0 | 22,225 |
| OTHER TAXES | 35,018 | 0 | 0 | 0 |