| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 50 | 50 |
| Item No. | 1 |
|---|---|
| Lender's Name | RICHARD BATES |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 40000 |
| Balance Due | 40000 |
| Date of Note | 2020-09 |
| Maturity Date | |
| Repayment Terms | DEMAND |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | NONPROFIT ACTIVITY |
| Description of Lender Consideration | CASH |
| Consideration FMV | 40000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK SERVICE CHARGES | 174 | 174 | ||
| BETHEL PROPERTY MAINTENANCE | 2,860 | 2,860 | ||
| PROGRAM EVENT EXPENSES | 15,644 | 15,644 | ||
| VOLUNTEER MISSION TRIPS | 300 | 300 | ||
| COST OF LAND SOLD | 8,500 | 8,500 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM SERVICE REVENUES | 2,000 | 2,000 | |
| PROGRAM MORTGAGE INTEREST | 3,808 | 3,808 | |
| LAND SALE | 8,500 | 8,500 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOAN RECEIVABLE - CALDWELL |
89,674 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OUTSIDE CONTRACT SERVICES | 1,300 | 1,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 3 | 3 |