| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,695 | 0 | 2,695 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| WPJC-FM 2 LICENSE | 2014-01-01 | 80,621 | 11,423 | 480.000000000000 | 1,848 | 0 | 13,271 | |
| WXPZ-FM 2 LICENSE | 2014-01-01 | 55,000 | 6,760 | 480.000000000000 | 1,375 | 0 | 8,135 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| WPRR ENCODER/DECODER | 2014-01-01 | 2,732 | 2,185 | SL | 5.000000000000 | 501 | 0 | ||
| WPRR AUDIO OVER IP | 2014-01-01 | 2,885 | 1,648 | SL | 7.000000000000 | 343 | 0 | ||
| WXPZ ANTENNA | 2014-01-01 | 22,368 | 12,780 | SL | 7.000000000000 | 3,195 | 0 | ||
| WPRR TRANSMITTER | 2014-01-08 | 3,938 | 2,252 | SL | 7.000000000000 | 563 | 0 | ||
| WPJC TRANSMITTER | 2014-09-17 | 23,169 | 11,033 | SL | 7.000000000000 | 2,758 | 0 | ||
| WPJC ANTENNA | 2014-09-22 | 5,927 | 2,823 | SL | 7.000000000000 | 706 | 0 | ||
| WPJC MONITOR AND CONTROL SYSTEM | 2015-07-02 | 396 | 198 | SL | 5.000000000000 | 73 | 0 | ||
| WPJC TUNER/SURGE PROTECTOR | 2015-07-02 | 1,581 | 790 | SL | 5.000000000000 | 290 | 0 | ||
| WPJC ANTENNA | 2015-07-02 | 6,956 | 2,485 | SL | 7.000000000000 | 828 | 0 | ||
| WPRR PC SOUND CARD | 2015-12-22 | 1,194 | 478 | SL | 5.000000000000 | 239 | 0 | ||
| ENCO SOFTWARE | 2016-09-01 | 9,639 | 2,571 | SL | 5.000000000000 | 1,928 | 0 | ||
| EXHAUST FAN FOR PONTIAC TRANSMITT | 2016-04-08 | 984 | 246 | SL | 7.000000000000 | 117 | 0 | ||
| SWITCHER -4X4 ACTIVE STERIO SWITCHER | 2017-06-14 | 1,733 | 202 | SL | 5.000000000000 | 347 | 0 | ||
| COMPUTER AND SOUND CARD | 2018-01-24 | 683 | SL | 5.000000000000 | 125 | 0 |
| Dissolution Name | Dissolution Address | Explanation | Dissolution Amount |
|---|---|---|---|
| 2820 COMMUNICATIONS INC |
108 BOEYKENS PLACE NORMAL,IL61761 |
THE WPJC-FM RADIO STATION WAS DONATED TO 2820 COMMUNICATIONS DURING THE 2018 CALENDAR YEAR. | 86,648 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WXPZ ANTENNA | 22,368 | 15,975 | 6,393 | |
| WPRR TRANSMITTER | 3,938 | 2,815 | 1,123 | |
| WPRR PC SOUND CARD | 1,194 | 717 | 477 | |
| ENCO SOFTWARE | 9,639 | 4,499 | 5,140 | |
| SWITCHER -4X4 ACTIVE STERIO SWITCHER | 1,733 | 549 | 1,184 | |
| COMPUTER AND SOUND CARD | 683 | 125 | 558 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,163 | 0 | 5,163 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| WPJC LICENSE | 80,621 | 0 | 0 |
| WXPZ LICENSE | 55,000 | 55,000 | 55,000 |
| LESS: ACCUMULATED AMORTIZATION | -18,182 | -8,135 | -8,135 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROGRAMMING FEES | 2,000 | 0 | 2,000 | |
| ADVERTISING | 162 | 0 | 162 | |
| DUES & SUBSCRIPTIONS | 2,274 | 0 | 2,274 | |
| INTERNET | 2,428 | 0 | 2,428 | |
| MISCELLANEOUS | 2,602 | 0 | 2,602 | |
| R & M | 3,218 | 0 | 3,218 | |
| MUSIC FEES | 3,824 | 0 | 3,824 | |
| LEASES AND ROYALTIES | 62,000 | 0 | 62,000 | |
| AMORTIZATION | 3,223 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REVENUE - PUBLIC SERVICE ANNOUNCEMENTS | 153 | 153 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADP | 2,045 | 0 | 2,045 | |
| CONSULTING FEES | 625 | 0 | 625 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS TAXES | 110 | 0 | 110 |