Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990-EZ, Part I, Line 7b | 1. GROSS RECEIPTS 149951 2. RETURNS AND ALLOWANCES 0.00 3. LINE 1 LESS LINE 2 149951 4.COST OF GOODS SOLD (LINE 13) 71705.00 5. GROSS PROFIT (LINE 3 LESS LINE 4) 78246.00 COST OF GOODS SOLD 6. INVENTORY AT BEGINNING OF YEAR 3200.00 7 MERCHANDISE PURCHASED 61339.00 8. COST OF LABOR 0.00 9. MATERIALS AND SUPPLIES 9966.00 10. OTHER COSTS 0.00 11. ADD LINES 6 THROUGH 10 74505.00 12. INVENTORY AT END OF YEAR 2800.00 13. COST OF GOODS SOLD (LINE 11 LESS LINE 12) 71705.00 |
| Form 990-EZ, Part I, Line 14 | DEPRECIATION 8414.00 Adoption of Capitalization Policy: The company hereby adopts, for book and federal income tax purposes, the following policy regarding capitalization expenses for the year beginning March, 2016. In accordance with the Internal Revenue Code Sections 167 & 168 and related regulations, the company has determined that amounts whose individual costs (including tax, installations and delivery costs) does not exceed $2500 will be deducted as incurred as operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaption or restoration rules used by the Internal Revenue Service and will be capitalized or expensed as incurred as a result of the application of those rules. |
| Form 990-EZ, Part I, Line 16 | DESCRIPTION OF OTHER EXPENSES: PAYROLL TAXES 6236, OFFICE SUPPLIES 528, SUPPLIES 5676, LICENSES AND FEES 1374, REAL ESTATE TAXES 636, DONATIONS 750, DUES 769, UTILITIES AND MAINTENANCE 29382, INTEREST 2755, BANK CHARGES 1040. TOTAL TO FORM 990EZ LINE 16 49146 |
| Form 990-EZ, Part II, Line 24 | INVENTORY AT BEGINNING OF YEAR 3200 INVENTORY AT END OF YEAR 2800 OTHER DEPRECIABLE ASSETS BEG. OF YEAR 5803 END OF YEAR 4703 TOTAL TO FORM 990EZ LINE 24 |
| Form 990-EZ, Part II, Line 26 | PAYROLL TAXES PAYABLE BEG OF YEAR 2025 END OF YEAR 1456 NOTE PAYABLE BEG OF YEAR 37991 END OF YEAR 33462 TOTAL TO FORM 990EZ, LINE 26 BEG OF YEAR 40016 END OF YEAR 34918 |
| Form 990-EZ, Part V, Line 33 | INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS: THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. |
| Software ID: | 18007995 |
| Software Version: | v1.00 |