| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting, audit, tax preparation, and IRS audit | 48,266 | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Building | 2005-02-11 | 400,000 | 261,667 | SL | 20.000000000000 | 20,000 | 0 | 20,000 | |
| Building Improvement | 2008-07-01 | 67,997 | 65,604 | SL | 10.000000000000 | 2,178 | 0 | 2,178 | |
| Equipment | 2015-07-01 | 41,823 | 30,228 | SL | 5.000000000000 | 2,410 | 0 | 2,410 | |
| Furniture & Fixtures | 2015-07-01 | 110,296 | 98,707 | SL | 5.000000000000 | 1,395 | 0 | 1,395 | |
| Software | 2017-07-01 | 6,477 | 5,895 | SL | 3.000000000000 | 582 | 0 | 582 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Schedule B, Part II, Column (d) | Due to donations being received from multiple dates throughout the year, 03/30/18 was used for electronic filing purpose only. | |
| CA 199, Statement 4, Donees Address | Due to contributions paid to foreign donees whose addresses do not have a zipcode, 99999 was used for electronic filing purpose only. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Building | 400,000 | 281,667 | 118,333 | 118,333 |
| Building Improvement | 67,997 | 67,782 | 215 | 215 |
| Equipment | 41,823 | 32,638 | 9,185 | 9,185 |
| Furniture & Fixtures | 110,296 | 100,102 | 10,194 | 10,194 |
| Software | 6,477 | 6,477 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal fees | 48,094 | 0 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | Joseph Lam |
| Lender's Title | President |
| Original Amount of Loan | 159418 |
| Balance Due | |
| Date of Note | 2017-10 |
| Maturity Date | |
| Repayment Terms | Principle amount only |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | IRS required repayment-being contested to avoid second tier excise taxes |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Office expenses | 57,906 | 0 | 0 | 39,644 |
| Computer expenses | 34,197 | 0 | 0 | 26,951 |
| Insurance | 738 | 0 | 0 | 1,365 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Reimbursement and recovery of expenses | 112,343 | 112,343 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Consulting fees | 26,800 | 0 | 0 | 0 |
| Other professional fees | 1,709 | 0 | 0 | 0 |
| Procurement and Shipping | 20,087 | 0 | 0 | 20,087 |
| Name | Address |
|---|---|
|
Universal Heart Inc |
Po Box 6186 South Bend,IN46660 |
|
World Children's Fund Deutschland eV |
Hintere Bleiche 34 Mainz GM |
|
Universal Aide Society |
PO Box 762 STN A Nanaimo,British ColumbiaV9R 5M2 CA |
|
World Children's Fund Europe |
Blegistrasse 1 Rotkreuz SZ |
|
Associazione Umanitaria Per i Bambini di Tutto il Mondo-Onlus |
Via Giovanni Pascoli 9 San Donato Milanese IT |
|
Global Assistance |
14402 Edenberry Drive Lake Oswego,OR97035 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Excise taxes on taxable expenditures | 22,469 | 0 | 0 | 0 |
| Payroll taxes | 28,990 | 0 | 0 | 23,192 |