| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,643 | 5,823 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| REFRIGERATOR | 2015-01-27 | 1,045 | 928 | 200DB | 7.0000 | 47 | |||
| 80 FOLDING CHAIRS | 2015-03-15 | 1,423 | 1,264 | 200DB | 7.0000 | 64 | |||
| MEDITATION PROP- LAND | 2014-04-24 | 2,357,103 | |||||||
| MEDITATION PROP-BUILDING | 2015-05-08 | 1,061,532 | 125,887 | S/L | 39.0000 | 27,219 | |||
| SOLAR PANELS | 2019-02-13 | 56,254 | 1,875 | S/L | 15.0000 | 3,750 | |||
| MEDITATION PROP- LAND IMPROV. | 2015-05-08 | 264,273 | 61,113 | S/L | 20.0000 | 13,214 | |||
| MEDITATION PROPERTY-SEPTIC SYSTEM | 2015-05-08 | 25,132 | 7,749 | S/L | 15.0000 | 1,676 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS & LAND IMPROVEMENTS | 1,409,661 | 244,786 | 1,164,875 | 1,409,661 |
| LAND-UPPER PUPUKEA | 826,047 | 826,047 | 826,047 | |
| LAND IMPROVEMENTS-ROAD | 74,282 | 74,282 | 74,282 | |
| LAND IMPROVEMENTS-CUL-DE-SAC | 383,214 | 383,214 | 383,214 | |
| LAND - MEDITATION CTR PROP | 2,357,104 | 2,357,104 | 2,357,104 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UNINVESTED RECEIPTS | 100,000 | 1,200,000 | 1,200,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK SERVICE CHARGES | 295 | 295 | ||
| LICENSES & FEES | 65 | 65 | ||
| EMPLOYMENT INSURANCE | 1,674 | 1,674 | ||
| LAND EXPENSES (PUPUKEA) | 18,367 | 18,367 | ||
| MEDITATION PROPERTY EXPENSES | 27,842 | 27,842 | ||
| OFFICE EXPENSE | 365 | 365 | ||
| ROADSIDE MAINTENANCE | 650 | 650 | ||
| SECURITY ALARM EXPENSE | 647 | 647 | ||
| TRAIL MAINTENANCE-STATE PARK | 2,675 | 2,675 | ||
| UTILITIES | 3,653 | 3,653 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHHOLDING TAXES | 394 | 1,073 |
| TACTICAL INVESTMENT MGT CORP. | 200,000 | 300,000 |
| OCCPA | 5,717 |