| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 750 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| CLOSING COSTS | 2018-01-23 | 2,688 | 1,075 | 5.0000 | 538 | 1,613 |
| 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 - 204 NORTH LAKE DR | 2018-01-23 | 50,000 | 3,561 | S/L | 27.5000 | 1,818 | |||
| LAND | 2018-01-23 | 12,500 | |||||||
| FURNITURE & FIXTURES | 2018-11-21 | 2,800 | 2,800 | 200DB | 5.0000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN FIDELITY | AT COST | 500,157 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 55,488 | 9,792 | 45,696 | ||
| 12,500 | 12,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ASSOCIATION DUES | 1,920 | |||
| DONATION | 187,871 | 187,871 | ||
| DUES & SUBSCRIPTION | 252 | |||
| ENGINEERING FEES | 285 | |||
| REPAIRS | 2,139 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 1,244 | |||
| FEDERAL TAXES |