| 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 |
|---|---|---|---|---|---|---|---|---|
| 2016 ORG COSTS | 2016-01-02 | 55,250 | 14,702 | 15.0000 | 3,683 | 18,385 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2016 BUILDING - 2701 FREEDOM DR | 2016-03-22 | 2,700,000 | 262,500 | S/L | 39.0000 | 69,231 | 53,578 | ||
| 2016 LAND - 2701 FREEDOM DR | 2016-03-22 | 1,505,000 | |||||||
| 2016 BUILDING-UPFIT 2701 FREEDOM DR | 2016-05-01 | 979,169 | 91,013 | S/L | 39.0000 | 25,106 | 19,429 | ||
| 2017 EQUIPMENT-2701 FREEDOM DR | 2017-07-01 | 163,932 | 34,466 | 150DB | 15.0000 | 12,947 | 10,020 | ||
| 2017 BUILDING UPFIT-2701 FREEDOM DR | 2017-12-31 | 6,117,847 | 320,272 | S/L | 39.0000 | 156,868 | 121,399 | ||
| 2017 FURNITURE & FIX-2701 FREEDOM DR | 2017-12-31 | 658,729 | 334,646 | 200DB | 7.0000 | 92,595 | 71,659 | ||
| 2018-FF&E 2701 FREEDOM DR | 2018-09-18 | 50,267 | 15,260 | 7.0000 | 10,322 | 7,988 | |||
| BUILDING UPFIT-2701 FREEDOM DR | 2019-12-31 | 105,163 | 112 | S/L | 39.0000 | 2,697 | 2,087 | ||
| 2020 BUILDING UPFIT-ELEMSCH | 2020-07-20 | 1,475,177 | S/L | 39.0000 | 15,760 | 12,197 | |||
| 2018 BUILDING - 2225 FREEDOM DR | 2018-01-31 | 115,630 | 5,806 | S/L | 39.0000 | 2,965 | 2,256 | ||
| 2018 LAND PORTION OF 2225 FREEDOM DR | 2018-01-31 | 640,000 | |||||||
| 2018 BUILDING UPFIT-2225 FREEDOM DR | 2018-01-31 | 2,235,551 | 112,255 | S/L | 39.0000 | 57,322 | 43,621 | ||
| 2018 SIGNAGE - 2225 FREEDOM DR | 2018-12-31 | 7,569 | 7,569 | 150DB | 15.0000 | ||||
| 2018 BUILDIG UPFIT V2- 2225 FREEDOM DR | 2018-12-31 | 1,369,071 | 36,567 | S/L | 39.0000 | 35,104 | 26,713 | ||
| 2019 BUILDING UPFIT-2225 FREEDOM DR | 2019-04-30 | 5,408 | 98 | S/L | 39.0000 | 139 | 105 | ||
| 2019 2019 FURN FIXTURES-2225 FREEDOM DR | 2019-07-31 | 99,214 | 11,811 | 200DB | 7.0000 | 24,972 | 19,003 | ||
| 2020 COMPUTER EQP | 2020-09-17 | 2,085 | S/L | 5.0000 | 156 | 119 | |||
| 2018 BUILDING - 5249 CENTRAL AVE | 2018-07-02 | 2,325,536 | 86,959 | S/L | 39.0000 | 59,629 | 59,629 | ||
| 2018 LAND FOR BUILDING 5249 CENTRAL AVE | 2018-07-02 | 580,000 | |||||||
| 2019 F&F- 5249 CENTRAL | 2019-12-31 | 62,030 | 200DB | 7.0000 | 17,723 | 17,723 | |||
| 2019 BLDG UPFIT- 5249 CENTRAL | 2019-12-31 | 1,240,139 | 200DB | 39.0000 | 63,597 | 63,597 | |||
| 2020 UPFIT-MOV SCH E | 2020-08-15 | 16,568,724 | S/L | 39.0000 | 155,332 | 155,332 | |||
| 2020-PLAYGROUND EQUIP MSE | 2020-07-30 | 6,998 | 150DB | 15.0000 | 262 | 262 | |||
| 2020 ELECTRONICS MMW | 2020-08-19 | 58,782 | S/L | 7.0000 | 3,149 | 3,149 | |||
| 2020 FURNITURE-MOV EAST | 2020-10-08 | 227,562 | S/L | 7.0000 | 4,064 | 4,064 | |||
| 2020 EXPANSION MIDDLE SCH | 2020-09-15 | 3,549,092 | S/L | 39.0000 | 25,879 | 25,879 | |||
| 2020 KITCHEN EQP-MOV MD W | 2020-08-05 | 332,393 | 200DB | 7.0000 | 39,571 | 39,571 | |||
| 2018 LAND FOR 2609 FREEDOM DR | 2018-12-31 | 236,000 | |||||||
| 2018 BUILDING- 2609 FREEDOM DR | 2018-12-31 | 944,713 | 25,233 | S/L | 39.0000 | 24,223 | |||
| 2019 BLDG UPFIT- 5259 CENTRAL | 2019-01-31 | 3,200 | 150 | 200DB | 39.0000 | 157 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| TOTAL BUILDINGS & EQUIP | 41,632,154 | 3,511,637 | 38,120,517 | |
| LAND | 2,961,000 | 2,961,000 | 2,961,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROF - MOV RSC | 41,129 | 41,129 | ||
| 2701 FREEDOM DR.-MOV SCH | 6,703 | 5,187 | 1,516 | |
| 5249 CENTRAL AVE-MOV SCH E | 7,342 | 7,342 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| AR - TKC - CONTRACTOR | -504,577 | 487,949 | 487,949 |
| DUE FROM MOV CHARTER SCH | 1,530 | ||
| DUE FROM MOV FOUNDATION | 84 |
| Description | Amount |
|---|---|
| INDPEND. AUDIT/BOOK DEPREC GREATER THAN TAX | 778,657 |
| INDPEND. AUDIT AJE WF BUSINESS CARD BAL CORRECT | 268 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2701 FREEDOM DR.-MOV SCH | ||||
| TECHNOLOGY | 539 | 417 | 122 | |
| INSURANCE | 25,996 | 20,118 | 5,878 | |
| 2225 FREEDOM DR-WELLNESSCTR | ||||
| TECHNOLOGY | 13,123 | 9,986 | 3,137 | |
| INSURANCE | 7,343 | 5,588 | 1,755 | |
| 5249 CENTRAL AVE-MOV SCH E | ||||
| INSURANCE | 17,363 | 17,363 | ||
| EXPENSES | ||||
| INSURANCE | 4,730 | 4,730 | ||
| BANK SERVICE CHARGES | 123 | 123 | ||
| OFFICE EXP & PRINTING | 765 | 765 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| 2701 FREEDOM DR.-MOV SCH | 402,852 | 402,852 | |
| 2225 FREEDOM DR-WELLNESSCTR | 204,998 | 204,998 | |
| 5249 CENTRAL AVE-MOV SCH E | 253,149 | 253,149 | |
| 2647 FREEDOM DR-MOV MDL W | 231,718 | 231,718 |
| Description | Amount |
|---|---|
| PY AJE FROM INDEPENDENT AUDIT | 1,047,010 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TENANT DEPOSITS | 34,925 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2701 FREEDOM DR.-MOV SCH | 19,407 | 15,019 | 4,388 | |
| 2225 FREEDOM DR-WELLNESSCTR | 33,533 | 25,518 | 8,015 | |
| 5249 CENTRAL AVE-MOV SCH E | 11,931 | 11,931 | ||
| 2647 FREEDOM DR-MOV MDL W | 33,474 | 33,474 |
| Name | Address |
|---|---|
| ABRAM'S PROMISE INC |
PO BOX 2086 FORT MILL,SC29716 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 12,120 | 12,120 |