Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990-EZ, Part I, Line 7b | Gross Profit From sales on inventory:1. Gross Receipts 134435 - 2. Returns and allowances 0- 3. Line 1 less line 2 134435- 4. Cost of Goods Sold (line 13) 68091 - 5. Gross Profit (Line 3 less line 4) 66344 - Cost of Goods Sold: 6. Inventory at Beginning of Year 2500 - 7. Merchandise Purchased 64737 - 8. Cost of Labor 0 - 9. Materials and Supplies 4054 - 10. Other Costs 0 -11. Add lines 6 through 10, 71291 - 12. Inventory at End of Year 3200 - 13. Cost of Goods Sold (Line 11 less Line 12) 68091 |
| Form 990-EZ, Part I, Line 14 | Depreciation 8170 Adoption of Capitalization Policy: The company hereby adopts, for book and federal income tax purposes, the following policy regarding capitalization expenses for the year beginning March, 2016. In accordance with the Internal Revenue Code Sections 167 & 168 and related regulations, the company has determined that amounts whose individual costs (including tax, installations and delivery costs) does not exceed $2500 will be deducted as incurred as operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaption or restoration rules used by the Internal Revenue Service and will be capitalized or expensed as incurred as a result of the application of those rules. |
| Form 990-EZ, Part I, Line 16 | Description of Other Expenses: Payroll Taxes 3360, Office Supplies 220, Supplies 1631, Licenses and Fees 261, Real Estate Taxes 264, Dues 922, Utilities and Maintenance 35002, Interests 2508, Bank Charges 1105, Professional Fees 1300. Total to from 990EZ Line 16 46573 |
| Form 990-EZ, Part II, Line 24 | Description Beg. of Year(BOY) End of Year (EOY): Inventory BOY 2500 EOY 3200, Other Depreciable Assets BOY 4703 EOY 3821. Total to Form 990EZ Line 24 BOY 7203 EOY 7021 |
| Form 990-EZ, Part II, Line 26 | Description Begin of Year (BOY) End of Year (EOY): Payroll taxes payable BOY 1456 EOY 1016, Note Payable BOY 33462 EOY 28686. Total to form 990EZ, Line 26 BOY 34918 EOY 29702 |
| Form 990-EZ, Part V, Line 33 | Form 990EZ Part V- Information Regarding Personal Benefit Contracts The organization did not, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. The organization did not, during the year, pay any premiums, directly or indirectly, on a personal benefit contract. |
| Software ID: | 19009572 |
| Software Version: | v1.00 |