| 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 |
|---|
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART VII-B, QUESTION #1A(2) | FORM 990-PF, PART VII-B, QUESTION #1A(2) | EXPLANATION: UNDER SECTION 4941(D) OF THE INTERNAL REVENUE CODE (I.R.C), THE LENDING OF MONEY BY A DISQUALIFIED PERSON TO A PRIVATE FOUNDATION SHALL NOT BE CONSIDERED SELF-DEALING IF THE LOAN IS WITHOUT INTEREST OR OTHER CHARGE (DETERMINED WITHOUT REGARD TO I.R.C. SECTION 7872) AND IF THE PROCEEDS OF THE LOAN ARE USED EXCLUSIVELY FOR PURPOSES SPECIFIED IN I.R.C. SECTION 501(C)(3). 1) LOAN FROM: Alo, LLC 2) LOAN TO: FOUNDATION FOR EXEMPT PURPOSES 3) PURPOSE OF LOAN: FUTURE CONTRIBUTION AMOUNT OF LOAN: $247,000 INTEREST RATE: 0% The LOAN WAS FULLY PAID OFF ON 1/1/2020. |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SALES & MARKETING SUPPLIES | 1,870 | 0 | 0 | 1,870 |
| TAXES AND LICENSES | 15 | 0 | 0 | 15 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Recovery of qualifying distribution | 3,000 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO ALO, LLC | 247,000 | 0 |