| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 17,885 | 8,048 | 9,837 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| TRADEMARK LOGO | 2018-08-06 | 1,000 | 95 | 15.0 | 67 | 162 | ||
| TRADEMARK LOGO | 2020-09-10 | 6,844 | 15.0 | 152 | 152 |
| 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 IMPROVEMENT | 2018-10-22 | 3,913 | 304 | SL | 15 | 261 | |||
| LAND IMPROVEMENT | 2018-12-19 | 5,198 | 347 | SL | 15 | 347 | |||
| WEBSITE | 2018-09-01 | 9,000 | 4,000 | SL | 3 | 3,000 | |||
| TRAILER | 2019-06-21 | 4,000 | 400 | SL | 5 | 800 | |||
| TRAILER | 2019-06-24 | 3,110 | 311 | SL | 5 | 622 | |||
| TRAILER | 2019-06-20 | 24,363 | 2,436 | SL | 5 | 4,873 | |||
| LAND IMPROVEMENT | 2019-02-27 | 358 | 20 | SL | 15 | 24 | |||
| LAND IMPROVEMENT | 2019-02-28 | 3,948 | 219 | SL | 15 | 263 | |||
| LAND IMPROVEMENT | 2019-04-28 | 865 | 38 | SL | 15 | 58 | |||
| TRAILER | 2020-01-22 | 4,566 | SL | 5 | 837 | ||||
| EQUIPMENT | 2020-02-06 | 11,873 | SL | 7 | 1,555 | ||||
| EQUIPMENT | 2020-04-29 | 12,035 | SL | 7 | 1,146 | ||||
| LAND IMPROVEMENT | 2020-11-01 | 6,576 | SL | 15 | 73 | ||||
| WEBSITE | 2020-08-31 | 2,060 | SL | 3 | 229 | ||||
| WEBSITE | 2020-11-12 | 2,360 | SL | 3 | 131 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND IMPROVEMENT | 3,913 | 565 | 3,348 | |
| LAND IMPROVEMENT | 5,198 | 694 | 4,504 | |
| WEBSITE | 9,000 | 7,000 | 2,000 | |
| TRADEMARK LOGO | 1,000 | 162 | 838 | |
| TRAILER | 4,000 | 1,200 | 2,800 | |
| TRAILER | 3,110 | 933 | 2,177 | |
| TRAILER | 24,363 | 7,309 | 17,054 | |
| LAND IMPROVEMENT | 358 | 44 | 314 | |
| LAND IMPROVEMENT | 3,948 | 482 | 3,466 | |
| LAND IMPROVEMENT | 865 | 96 | 769 | |
| TRAILER | 4,566 | 837 | 3,729 | |
| EQUIPMENT | 11,873 | 1,555 | 10,318 | |
| EQUIPMENT | 12,035 | 1,146 | 10,889 | |
| LAND IMPROVEMENT | 6,576 | 73 | 6,503 | |
| WEBSITE | 2,060 | 229 | 1,831 | |
| WEBSITE | 2,360 | 131 | 2,229 | |
| TRADEMARK LOGO | 6,844 | 152 | 6,692 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,798 | 5,648 | 150 |
| Item No. | 1 |
|---|---|
| Lender's Name | U S SMALL BUSINESS ADMINISTRATION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 15,248 |
| Balance Due | 15,248 |
| Date of Note | 2022-05 |
| Maturity Date | 2022-05 |
| Repayment Terms | 2 YEARS - FORGIVEN IN 2021 |
| Interest Rate | 1. |
| Security Provided by Borrower | N/A |
| Purpose of Loan | PAYROLL COSTS |
| Description of Lender Consideration | $15,248 CASH |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | GLOBETROTTER FOUNDATION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 40,000 |
| Balance Due | 40,000 |
| Date of Note | 2020-02 |
| Maturity Date | 2021-02 |
| Repayment Terms | 1 YEAR |
| Interest Rate | 1. |
| Security Provided by Borrower | N/A |
| Purpose of Loan | OPERATING EXPENSES |
| Description of Lender Consideration | $40,000 CASH |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SUMMERLAND FARM TREES | 4,060 | 4,060 | 4,060 |
| INVENTORY DEPOSIT | 19,800 | 0 | 0 |
| JALAMA PROJECT | 291,251 | 526,261 | 526,261 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 676 | 4 | 672 | |
| COMPUTER & SOFTWARE | 3,735 | 198 | 3,537 | |
| FARM EXPENSES | 75,487 | 34,805 | 40,682 | |
| INSURANCE | 11,909 | 2,226 | 9,683 | |
| LICENSES | 203 | 203 | ||
| TRAINING EXPENSE | 5,000 | 5,000 | ||
| SUPPLIES | 9,355 | 6,072 | 3,283 | |
| PAYROLL SERVICE FEE | 1,353 | 1,353 | ||
| PROCESSING FEE | 3,320 | 1,080 | 2,240 | |
| PROFESSIONAL DEVELOPMENT | 3,310 | 2,000 | 1,310 | |
| DUES & SUBSCRIPTIONS | 100 | 100 | ||
| EVENT EXPENSES | 2,195 | 2,195 | ||
| MEALS | 1,166 | 1,166 | ||
| PACKAGING EXPENSE | 4,140 | 4,140 | ||
| RESEARCH AND DEVELOPMENT | 29,562 | 25,604 | 3,958 | |
| POSTAGE | 4,816 | 3,466 | 1,350 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM REVENUE - EDUCATION/TRAINING | 44,783 | 44,783 | |
| PROGRAM REVENUE - Healthy Soil Program | 43,373 | 43,373 | |
| PROGRAM REVENUE - Local Food Promotion | 330,315 | 330,315 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 182 | 0 |
| SALES TAX PAYABLE | 140 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CERTIFICATION FEES | 3,125 | 2,500 | 625 | |
| CONSULTING FEES | 192,432 | 123,031 | 69,401 | |
| SPEAKER FEES | 8,201 | 8,201 | ||
| MARKETING | 81,741 | 69,590 | 12,151 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| 21,582 | 21,582 |
| Name | Address |
|---|---|
| WOKA Foundation |
4041 Barcelona Place Newbury Park,CA91320 |
| Christina Singleton |
528 Palisades Dr 710 Pacific Palisades,CA90273 |
| Dancing Tides Foundation |
1475 FRANKLIN AVENUE GARDEN CITY,NY11530 |
| Manitou Fund |
4801 Highway 61 Suite 310 White Bear Lake,MN55110 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 6,414 | 1,163 | 5,251 | |
| STATE FILING FEES | 85 | 85 |