| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 898 | 0 | 0 | 898 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| OTHER ASSETS FAIR MARKET VALUE | FORM 990-PF, PART II, LINE 15 | OTHER ASSETS HAS AN ASSET WITH A FAIR MARKET VALUE OF $1. THIS IS DUE TO THE FOUNDATION LEASING THE FACILITIES TO THE SCHOOL FOR LESS THEN $1 PER YEAR INTO PERPETUITY. |
| Item No. | 1 |
|---|---|
| Lender's Name | DAVID SPARKS |
| Lender's Title | SECRETARY |
| Original Amount of Loan | 72900 |
| Balance Due | 87180 |
| Date of Note | 2015-05 |
| Maturity Date | |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | CONSTRUCTION OF NEW SCHOOL |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | DAVID SPARKS |
| Lender's Title | SECRETARY |
| Original Amount of Loan | 22100 |
| Balance Due | 262500 |
| Date of Note | 2015-09 |
| Maturity Date | |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | OPERATING COSTS |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CHU'UL SCHOOL FACILITIES | 116,203 | 116,203 | 1 |
| CHACAYA SCHOOL FACILITIES | 87,180 | 87,180 | 1 |
| SANTA CATARINA SCHOOL FACILITIES | 0 | 3,831 | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ESCUELA PANUL II COSTS | 31,633 | 0 | 0 | 31,633 |
| ESCUELA CHU'UL COSTS | 60,534 | 0 | 0 | 60,534 |
| ESCUELA CHACAYA COSTS | 11,013 | 0 | 0 | 11,013 |
| ESCUELA PUERTA ABIERTA COSTS | 37,672 | 0 | 0 | 37,672 |
| BANK CHARGES | 350 | 0 | 0 | 350 |
| CURRENCY EXCHANGE | 10,370 | 0 | 0 | 10,370 |
| ESCUELA TZANCHAJ COSTS | 2,074 | 0 | 0 | 2,074 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GUATEMALAN TAXES ON INTEREST | 36 | 36 | 0 | 0 |
| FEDERAL INCOME TAX | 1 | 1 | 0 | 0 |