| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2003-12-30 | 1,880,000 | L | 0 | 0 | 0 | |||
| BUILDING | 2003-12-30 | 32,028 | 12,041 | SL | 39.000000000000 | 821 | 0 | 821 | |
| BUILDING | 2004-03-31 | 10,261 | 3,792 | SL | 39.000000000000 | 263 | 0 | 263 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| LOAN FROM OFFICER | FORM 990-PF, PART VII-B, LINE 1A(2) | AN OFFICER OF THE FOUNDATION MADE AN $6,562.50 LOAN TO THE FOUNDATION TO COVER OPERATING EXPENSES. THE LOAN IS NON-INTERESTING BEARING AND IS EXPECTED TO BE REPAID WITHIN ONE YEAR. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 1,880,000 | 0 | 1,880,000 | |
| BUILDING | 32,028 | 12,862 | 19,166 | |
| BUILDING | 10,261 | 4,055 | 6,206 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 5,257 | 0 | 0 | 5,257 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SURVEYING COSTS | 750 | 0 | 0 | 750 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 817 | 0 | 0 | 817 |
| FILING FEES | 250 | 0 | 0 | 250 |