| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEE | 24,700 | 0 | 0 | 24,400 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| SOFTWARE | 2018-11-05 | 9,100 | 3,538 | 3,033 | 6,571 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2015-06-01 | 21,480 | 19,690 | SL | 5.0000 | 1,790 | |||
| FURNITURE AND FIXTURES | 2019-02-25 | 2,708 | 323 | SL | 14.29 % | 387 | |||
| FURNITURE AND FIXTURES | 2019-04-23 | 17,823 | 1,697 | SL | 14.29 % | 2,547 | |||
| TELEPHONE SYSTEM | 2019-02-26 | 3,664 | 306 | SL | 10.00 % | 366 | |||
| OFFICE EQUIPMENT | 2019-02-22 | 1,099 | 183 | SL | 20.00 % | 220 | |||
| COMPUTER EQUIPMENT | 2020-01-02 | 6,726 | SL | 10.00 % | 1,345 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS - FIXED INCOME | FMV | 20,282,393 | 20,282,393 |
| MUTUAL FUNDS - EQUITY | FMV | 91,722,476 | 91,722,476 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 20,531 | 4,954 | 15,577 | 15,578 |
| Machinery and Equipment | 32,969 | 23,900 | 9,069 | 9,068 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 1,404 | 0 | 0 | 1,404 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Net Intangible Assets | 5,562 | 2,529 | 2,529 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AMORTIZATION | 3,033 | 3,033 | ||
| OFFICE EXPENSES | 13,182 | 11,044 | ||
| Rental Expenses | 26,012 | 26,012 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 82,612 | 82,612 | 0 | 82,612 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF EXCISE TAXES | 42,056 | |||
| PAYROLL TAXES | 15,790 | 16,440 |