| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 550 | 0 | 550 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Horse Trailer | 5,000 | 5,000 | 0 | 0 |
| Equipment Trailer | 5,589 | 5,589 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Insurance | 7,416 | 0 | 7,416 | 0 |
| Scholarships | 17,328 | 0 | 17,328 | 0 |
| Office Expenses | 2,521 | 0 | 2,521 | 0 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Equestrian Events | 788,995 | 638,080 | 150,915 |