| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 5,827 | 5,827 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATIONAL COSTS | 2014-05-29 | 15,903 | 6,008 | 15.0000 | 1,060 | 7,068 |
| 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 - PROPERTY A | 2014-05-29 | 995,365 | |||||||
| BUILDING/IMPROVEMENTS - PROPERTY A | 2014-05-29 | 620,063 | 88,770 | S/L | 39.0000 | 15,899 | |||
| LAND - PROPERTY B | 2014-05-29 | 848,508 | |||||||
| BUILDINGS/IMPROVEMENTS - PROPERTY C | 2014-05-29 | 44,253 | 6,335 | S/L | 39.0000 | 1,135 | |||
| TRAILER | 2014-07-01 | 900 | 900 | S/L | 5.0000 | ||||
| SKID LOADER | 2014-07-29 | 21,840 | 21,840 | S/L | 5.0000 | ||||
| SNOW PUSHER | 2014-11-03 | 2,295 | 2,295 | S/L | 5.0000 | ||||
| COUCHES - TURK LODGE | 2014-11-08 | 700 | 517 | S/L | 7.0000 | 100 | |||
| LAPTOP/PRINTER | 2014-08-22 | 1,070 | 1,070 | S/L | 5.0000 | ||||
| LANDSCAPE ON DH AND RV FIREPITS | 2015-05-28 | 6,105 | 1,865 | S/L | 15.0000 | 407 | |||
| BASKETBALL HOOP | 2015-08-09 | 1,456 | 1,286 | S/L | 5.0000 | 170 | |||
| 1983 EZ GO GOLF CART | 2015-08-22 | 1,300 | 1,127 | S/L | 5.0000 | 173 | |||
| POLE BARN - MATERIALS | 2016-06-30 | 63,808 | 5,795 | S/L | 39.0000 | 1,636 | |||
| POLE BARN - ELECTRICAL | 2016-06-30 | 7,853 | 713 | S/L | 39.0000 | 202 | |||
| POLE BARN - A/C UNIT | 2016-06-30 | 3,060 | 278 | S/L | 39.0000 | 78 | |||
| SEPTIC FIELD | 2016-06-24 | 86,385 | 20,157 | S/L | 15.0000 | 5,759 | |||
| POLE BARN - SITE WORK | 2016-06-30 | 1,940 | 1,196 | S/L | 15.0000 | 65 | |||
| POLE BARN - SOD | 2016-06-30 | 2,500 | 1,542 | S/L | 15.0000 | 83 | |||
| SOUND SYSTEM (L&S VIDEO) | 2016-05-26 | 4,929 | 4,190 | S/L | 5.0000 | 493 | |||
| PADDLE BOAT | 2016-06-23 | 2,300 | 1,955 | S/L | 5.0000 | 230 | |||
| POLE BARN - DRAIN TILE | 2016-06-30 | 1,650 | 1,018 | S/L | 15.0000 | 55 | |||
| CARPET - CARETAKER HOUSE | 2017-06-24 | 3,036 | 2,161 | 200DB | 5.0000 | 350 | |||
| IMPROVEMENTS TETON HALL | 2017-07-31 | 2,652 | 167 | S/L | 39.0000 | 68 | |||
| CARPET - TETON HALL | 2017-07-31 | 2,200 | 1,566 | 200DB | 5.0000 | 254 | |||
| TETON HALL - ATTIC DUCTWORK | 2017-07-31 | 2,024 | 128 | S/L | 39.0000 | 51 | |||
| TETON HALL - FURNACE | 2017-07-31 | 1,393 | 88 | S/L | 39.0000 | 36 | |||
| BLINDS - ROGER'S HOUSE | 2017-09-25 | 3,082 | 1,734 | 200DB | 7.0000 | 385 | |||
| SCREENS - MAIN HOUSE | 2017-09-30 | 1,294 | 76 | S/L | 39.0000 | 33 | |||
| PATIO DOORS - MAIN HOUSE | 2017-09-30 | 4,760 | 280 | S/L | 39.0000 | 122 | |||
| HP PAVILLION LAPTOP - GRACE | 2017-09-26 | 713 | 508 | 200DB | 5.0000 | 82 | |||
| 2 FURNANCES AND 1 AC | 2017-10-17 | 8,132 | 460 | S/L | 39.0000 | 209 | |||
| CABIN REMODEL | 2018-05-12 | 15,111 | 646 | S/L | 39.0000 | 387 | |||
| FURNACE - BATH HOUSE | 2018-09-04 | 2,800 | 96 | S/L | 39.0000 | 72 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| LOAN FEES | 2014-08 | PURCHASE | 2020-05 | 8,576 | -3,645 | 4,931 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FH CAMP LLC | 484,169 | 90,549 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS | 881,018 | 160,236 | 720,782 | 881,018 |
| EQUIPMENT | 40,585 | 39,054 | 1,531 | 40,585 |
| LAND | 1,843,873 | 1,843,873 | 1,843,873 |
| Item No. | 1 |
|---|---|
| Lender's Name | FIRST BANK TRUST |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 88,885 |
| Balance Due | |
| Date of Note | 2016-06 |
| Maturity Date | 2023-06 |
| Repayment Terms | 1,199 MONTHLY, BALLOON |
| Interest Rate | 0.0350 |
| Security Provided by Borrower | PROPERTY |
| Purpose of Loan | REPAIR OF SEPTIC SYSTEM |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | POET |
| Lender's Title | |
| Relationship to Insider | EMPLOYER OF OFFICERS |
| Original Amount of Loan | 250,000 |
| Balance Due | 250,000 |
| Date of Note | 2014-05 |
| Maturity Date | |
| Repayment Terms | DUE ON DEMAND |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | OPERATIONAL SUPPORT |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | POET |
| Lender's Title | |
| Relationship to Insider | EMPLOYER OF OFFICERS |
| Original Amount of Loan | 75,000 |
| Balance Due | 75,000 |
| Date of Note | 2018-12 |
| Maturity Date | |
| Repayment Terms | DUE ON DEMAND |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | OPERATIONAL SUPPORT |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 4 |
|---|---|
| Lender's Name | FIRST DAKOTA NATIONAL BANK |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,375,000 |
| Balance Due | 1,375,000 |
| Date of Note | 2020-05 |
| Maturity Date | 2022-05 |
| Repayment Terms | PAY IN FULL, PLUS INTEREST |
| Interest Rate | 0.0365 |
| Security Provided by Borrower | PROPERTY |
| Purpose of Loan | REFINANCE |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LOAN FEES, NET | 3,931 | ||
| ORGANIZATIONAL COSTS, NET | 9,895 | 8,835 | 8,835 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BUSINESS EXPENSES | 13,075 | 13,075 | ||
| OPERATIONS EXPENSES | 18 | 18 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FUNDRAISING | 5 |