| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 17,100 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE & FIXTUR | 1998-11-16 | 114,609 | 114,609 | SL | 7.000000000000 | 0 | 0 | ||
| COPIER | 1998-12-16 | 3,865 | 3,865 | SL | 7.000000000000 | 0 | 0 | ||
| COMPUTERS | 1998-12-22 | 16,000 | 16,000 | SL | 5.000000000000 | 0 | 0 | ||
| PHONE SYSTEMS | 1998-12-22 | 2,153 | 2,153 | SL | 7.000000000000 | 0 | 0 | ||
| FAX MACHINE | 1998-12-22 | 283 | 283 | SL | 7.000000000000 | 0 | 0 | ||
| FURNITURE & FIXTUR | 1998-12-22 | 2,392 | 2,392 | SL | 7.000000000000 | 0 | 0 | ||
| OFFICE IMPROVEMENT | 1999-04-20 | 11,508 | 11,508 | SL | 7.000000000000 | 0 | 0 | ||
| FURNITURE & FIXTUR | 1999-03-09 | 75,669 | 75,669 | SL | 7.000000000000 | 0 | 0 | ||
| FURNITURE & FIXTUR | 2000-05-31 | 1,028 | 1,028 | SL | 7.000000000000 | 0 | 0 | ||
| FURNITURE & FIXTUR | 2000-08-22 | 1,652 | 1,652 | SL | 7.000000000000 | 0 | 0 | ||
| COMPUTER | 2000-10-31 | 2,450 | 2,450 | SL | 5.000000000000 | 0 | 0 | ||
| FURNITURE & FIXTUR | 2000-12-22 | 3,198 | 3,198 | SL | 7.000000000000 | 0 | 0 | ||
| OFFICE EQUIPMENT | 2000-12-27 | 182 | 182 | SL | 5.000000000000 | 0 | 0 | ||
| LAPTOP COMPUTER | 2001-09-19 | 2,611 | 2,611 | SL | 5.000000000000 | 0 | 0 | ||
| OFFICE EQUIPMENT | 2006-01-31 | 9,027 | 9,027 | SL | 5.000000000000 | 0 | 0 | ||
| LAPTOP COMPUTER | 2006-05-24 | 4,536 | 4,536 | SL | 5.000000000000 | 0 | 0 | ||
| OFFICE IMPROVEMENT | 2009-01-21 | 218 | 218 | SL | 7.000000000000 | 0 | 0 | ||
| OFFICE EQUIPMENT | 2010-07-01 | 4,722 | 4,722 | SL | 5.000000000000 | 0 | 0 | ||
| OFFICE IMPROVEMENT | 2015-06-30 | 218,288 | 77,960 | SL | 7.000000000000 | 31,184 | 0 | ||
| OFFICE EQUIPMENT | 2015-11-07 | 5,298 | 2,297 | SL | 5.000000000000 | 1,060 | 0 | ||
| FURNITURE & FIXTUR | 2015-10-07 | 47,689 | 15,329 | SL | 7.000000000000 | 6,813 | 0 | ||
| OFFICE EQUIPMENT | 2016-07-01 | 807 | 242 | SL | 5.000000000000 | 161 | 0 | ||
| FURNITURE & FIXTUR | 2016-02-08 | 2,422 | 663 | SL | 7.000000000000 | 346 | 0 | ||
| OFFICE IMPROVEMENT | 2016-02-05 | 113,294 | 31,021 | SL | 7.000000000000 | 16,185 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CALL SHARES | 302,505 | 522,737 |
| MERRILL LYNCH | 2,629,952 | 2,500,319 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE & FIXTUR | 114,609 | 114,609 | 0 | |
| COPIER | 3,865 | 3,865 | 0 | |
| COMPUTERS | 16,000 | 16,000 | 0 | |
| PHONE SYSTEMS | 2,153 | 2,153 | 0 | |
| FAX MACHINE | 283 | 283 | 0 | |
| FURNITURE & FIXTUR | 2,392 | 2,392 | 0 | |
| OFFICE IMPROVEMENT | 11,508 | 11,508 | 0 | |
| FURNITURE & FIXTUR | 75,669 | 75,669 | 0 | |
| FURNITURE & FIXTUR | 1,028 | 1,028 | 0 | |
| FURNITURE & FIXTUR | 1,652 | 1,652 | 0 | |
| COMPUTER | 2,450 | 2,450 | 0 | |
| FURNITURE & FIXTUR | 3,198 | 3,198 | 0 | |
| OFFICE EQUIPMENT | 182 | 182 | 0 | |
| LAPTOP COMPUTER | 2,611 | 2,611 | 0 | |
| OFFICE EQUIPMENT | 9,027 | 9,027 | 0 | |
| LAPTOP COMPUTER | 4,536 | 4,536 | 0 | |
| OFFICE IMPROVEMENT | 218 | 218 | 0 | |
| OFFICE EQUIPMENT | 4,722 | 4,722 | 0 | |
| OFFICE IMPROVEMENT | 218,288 | 109,144 | 109,144 | |
| OFFICE EQUIPMENT | 5,298 | 3,357 | 1,941 | |
| FURNITURE & FIXTUR | 47,689 | 22,142 | 25,547 | |
| OFFICE EQUIPMENT | 807 | 403 | 404 | |
| FURNITURE & FIXTUR | 2,422 | 1,009 | 1,413 | |
| OFFICE IMPROVEMENT | 113,294 | 47,206 | 66,088 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| BLUE RIDGE OFFSHORE PARTNERSHIP | 67,773 | 1 | 38,625 |
| OTHER ASSETS | 5,996 | 5,996 | 5,996 |
| OTHER ASSETS | 15,385 |
| Description | Amount |
|---|---|
| NON DEDUCTIBLE EXPENSES FROM K-1 | 489 |
| CHANGES TO COST BASIS | 504 |
| TO CLOSE THE TRANSFER ACCOUNT | 15,385 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 315 | 315 | 0 | |
| INVESTMENT MANAGEMENT FEE | 27,366 | 27,366 | 0 | |
| MEMBERSHIP FEES | 5,000 | 0 | 0 | |
| INSURANCE | 38,635 | 0 | 0 | |
| POSTAGE AND DELIVERY | 1,763 | 0 | 0 | |
| SUPPLIES | 6,664 | 0 | 0 | |
| UTILITIES | 1,147 | 0 | 0 | |
| TELEPHONE | 7,149 | 0 | 0 | |
| NETWORK - INFORMATION SYSTEM | 11,879 | 0 | 0 | |
| REPAIRS | 1,333 | 0 | 0 | |
| K-1 OTHER EXPENSE | 1,406 | 1,406 | 0 | |
| OFICE EXPENSE | 6,909 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 INCOME | -775 | -775 | -775 |
| PAYROLL REIMBURSEMENT | 133,318 | 0 | 133,318 |
| MISC. INCOME | 4,839 | 0 | 4,839 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DONALD BURNS | 48,494 | 45,495 | 2018-12 | 2019-03 | DEMAND | 0 % | NONE | EXPENSES ADVANCED BY FOUNDATION REIMBURSED | 0 | ||
| MORTGAGE RECEIVABLE - VFW | NONE | 1,999,280 | 1,999,280 | 2012-08 | 2017-06 | INTEREST ONLY ANNUALLY - PRINCIPAL AT MATURITY | 285.0000000000 % | 1ST MORTGAGE ON REAL PROPERTY | CONSTRUCTION OF BUILDING BY 501(C)(19)ORGANIZATION | 0 | |
| HENRY LUKEN | NONE | 500,000 | 837,700 | 2017-12 | 2019-12 | 1000.0000000000 % | NONE | 0 | |||
| MARINE INVESCO LLC | 84,643 | 84,643 | 2018-12 | 2019-03 | DEMAND | 0 % | NONE | EXPENSES ADVANCED BY FOUNDATION REIMBURSED | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 10,309 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EMPLOYER PAYROLL TAXES | 78,641 | 7,864 | 0 | |
| LICENSES AND PERMITS | 1,619 | 0 | 0 | |
| FOREIGN TAX WITHHELD | 2,500 | 2,500 | 0 | |
| FEDERAL TAXES | 5,000 | 5,000 | 0 |