| 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 | 2020-06-01 | 250,893 | L | 0 | 0 | 0 | |||
| BUILDING | 2020-06-01 | 54,219 | SL | 30.000000000000 | 1,054 | 0 | 0 | ||
| LAND IMPROVEMENTS | 2020-06-01 | 16,344 | SL | 15.000000000000 | 636 | 0 | 0 | ||
| PARKING LOT | 2020-06-01 | 51,693 | SL | 15.000000000000 | 2,010 | 0 | 0 | ||
| ALARM SYSTEM | 2020-06-01 | 11,673 | SL | 15.000000000000 | 454 | 0 | 0 | ||
| RADSCO HITTING MECHANICS SYSTEM | 2020-11-15 | 8,298 | SL | 7.000000000000 | 198 | 0 | 0 | ||
| IPADS FOR RADSCO SYSTEM | 2020-12-01 | 2,233 | SL | 5.000000000000 | 37 | 0 | 0 | ||
| NXS CAGE EQUIPMENT | 2020-06-01 | 25,008 | SL | 10.000000000000 | 1,459 | 0 | 0 | ||
| OFFICE COMPUTER EQUIPMENT | 2020-12-15 | 1,894 | SL | 5.000000000000 | 32 | 0 | 0 | ||
| FENCING | 2020-06-01 | 3,020 | SL | 15.000000000000 | 117 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 250,893 | 0 | 250,893 | |
| BUILDING | 54,219 | 1,054 | 53,165 | |
| LAND IMPROVEMENTS | 16,344 | 636 | 15,708 | |
| PARKING LOT | 51,693 | 2,010 | 49,683 | |
| ALARM SYSTEM | 11,673 | 454 | 11,219 | |
| RADSCO HITTING MECHANICS SYSTEM | 8,298 | 198 | 8,100 | |
| IPADS FOR RADSCO SYSTEM | 2,233 | 37 | 2,196 | |
| NXS CAGE EQUIPMENT | 25,008 | 1,459 | 23,549 | |
| OFFICE COMPUTER EQUIPMENT | 1,894 | 32 | 1,862 | |
| FENCING | 3,020 | 117 | 2,903 |
| Item No. | 1 |
|---|---|
| Lender's Name | CHRISTOPHER MICHAEL JONES |
| Lender's Title | PRESIDENT |
| Relationship to Insider | FOUNDATION MANAGER |
| Original Amount of Loan | 9,000 |
| Balance Due | 0 |
| Date of Note | 2019-12 |
| Maturity Date | |
| Repayment Terms | SHORT TERM |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | TEMPORARY ADVANCES |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | SHELBY COUNTY HOLDINGS LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 150,000 |
| Balance Due | 50,000 |
| Date of Note | 2019-03 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 10,000 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING/SPONSORSHIPS | 1,100 | 0 | 0 | 1,100 |
| BANK CHARGES | 102 | 0 | 0 | 102 |
| EVENTS/TOURNAMENTS | 1,002 | 0 | 0 | 1,002 |
| OFFICE SUPPLIES | 738 | 0 | 0 | 737 |
| SECURITY | 440 | 0 | 0 | 440 |
| SUPPLIES BASESBALL TRAINING | 4,105 | 0 | 0 | 4,105 |
| UTILITIES | 3,380 | 0 | 0 | 3,380 |
| Name | Address |
|---|---|
|
PONTIUS FAMILY FOUNDATION |
85 LAKE FOREST LANE WILSONVILLE,AL35186 |
| TARA PONTIUS |
85 LAKE FOREST LANE WILSONVILLE,AL35186 |
| CHRISTOPHER MICHAEL JONES |
310 COUNTY ROAD 71 THORSBY,AL35171 |
| ADONIS MORGAN |
429 GREENSPRINGS HWY SUITE 161-474 BIRMINGHAM,AL35209 |