| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,800 | 0 | 1,800 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DESKS & CHAIRS | 2012-06-01 | 892 | 892 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LAB EQUIPMENT | 2014-11-25 | 773 | 472 | SL | 10.000000000000 | 77 | 0 | 77 | |
| UTILITY TRAILER | 2014-12-22 | 3,074 | 1,882 | SL | 10.000000000000 | 307 | 0 | 307 | |
| LAB EQUIPMENT | 2014-12-30 | 2,509 | 1,537 | SL | 10.000000000000 | 251 | 0 | 251 | |
| EQUIPMENT ITM LTD SOUTH | 2015-01-14 | 2,295 | 1,351 | SL | 10.000000000000 | 230 | 0 | 230 | |
| LENOVO THINKPAD | 2015-08-11 | 1,306 | 1,004 | SL | 7.000000000000 | 187 | 0 | 187 | |
| LAUNDROMETER | 2015-11-10 | 22,217 | 11,388 | SL | 10.000000000000 | 2,222 | 0 | 2,222 | |
| TUFFNAUER 2540M | 2015-11-30 | 3,577 | 1,835 | SL | 10.000000000000 | 358 | 0 | 358 | |
| TUFFNAUER 2540M | 2015-11-30 | 2,000 | 1,024 | SL | 10.000000000000 | 200 | 0 | 200 | |
| BUILDING | 2018-01-31 | 297,696 | 21,922 | SL | 39.000000000000 | 7,633 | 0 | 7,633 | |
| BUILDING - ENVIRON FEES | 2018-01-31 | 5,490 | 405 | SL | 39.000000000000 | 141 | 0 | 141 | |
| BUILDING - DONATED VALUE | 2018-01-31 | 300,000 | 22,092 | SL | 39.000000000000 | 7,692 | 0 | 7,692 | |
| ENVIRONMENTAL FEES | 2018-01-31 | 950 | NC | 39.000000000000 | 0 | 0 | 0 | ||
| FENCING | 2018-05-30 | 7,546 | 1,321 | SL | 15.000000000000 | 503 | 0 | 503 | |
| BUILDING IMPROVEMENTS | 2018-10-08 | 11,716 | 637 | SL | 39.000000000000 | 300 | 0 | 300 | |
| LAND | 2019-01-01 | 30,000 | L | 0 | 0 | 0 | |||
| IMPROVEMENTS | 2019-01-01 | 26,568 | 1,276 | SL | 39.000000000000 | 681 | 0 | 681 | |
| ROOF | 2020-09-25 | 20,000 | 150 | SL | 39.000000000000 | 513 | 0 | 513 | |
| LED LIGHTS | 2020-12-21 | 12,780 | 14 | SL | 39.000000000000 | 328 | 0 | 328 | |
| MOBILE LAB - RV | 2016-07-01 | 13,746 | 6,015 | SL | 10.000000000000 | 1,375 | 0 | 1,375 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DESKS & CHAIRS | 892 | 892 | 0 | |
| LAB EQUIPMENT | 773 | 549 | 224 | |
| UTILITY TRAILER | 3,074 | 2,189 | 885 | |
| LAB EQUIPMENT | 2,509 | 1,788 | 721 | |
| EQUIPMENT ITM LTD SOUTH | 2,295 | 1,581 | 714 | |
| LENOVO THINKPAD | 1,306 | 1,191 | 115 | |
| LAUNDROMETER | 22,217 | 13,610 | 8,607 | |
| TUFFNAUER 2540M | 3,577 | 2,193 | 1,384 | |
| TUFFNAUER 2540M | 2,000 | 1,224 | 776 | |
| BUILDING | 297,696 | 29,555 | 268,141 | |
| BUILDING - ENVIRON FEES | 5,490 | 546 | 4,944 | |
| BUILDING - DONATED VALUE | 300,000 | 29,784 | 270,216 | |
| ENVIRONMENTAL FEES | 950 | 0 | 950 | |
| FENCING | 7,546 | 1,824 | 5,722 | |
| BUILDING IMPROVEMENTS | 11,716 | 937 | 10,779 | |
| LAND | 30,000 | 0 | 30,000 | |
| IMPROVEMENTS | 26,568 | 1,957 | 24,611 | |
| ROOF | 20,000 | 663 | 19,337 | |
| LED LIGHTS | 12,780 | 342 | 12,438 | |
| MOBILE LAB - RV | 13,746 | 7,390 | 6,356 |
| Item No. | 1 |
|---|---|
| Lender's Name | TCF BANK |
| Lender's Title | BUSINESS |
| Relationship to Insider | NONE |
| Original Amount of Loan | 200,000 |
| Balance Due | 161,088 |
| Date of Note | 2018-01 |
| Maturity Date | 2033-01 |
| Repayment Terms | 5 YR BALL. 15 YR AM |
| Interest Rate | 4.938000000000 |
| Security Provided by Borrower | BUILDING |
| Purpose of Loan | PURCHASE BUILDING |
| Description of Lender Consideration | LOAN BALANCE |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 75 | 0 | 75 | 0 |
| INSURANCE | 9,131 | 0 | 9,131 | 0 |
| POSTAGE & DELIVERY | 2,393 | 0 | 2,393 | 0 |
| REPAIRS & MAINTENANCE | 2,444 | 0 | 2,444 | 0 |
| SUPPLIES | 30,156 | 0 | 30,156 | 0 |
| VEHICLE EXPENSE | 248 | 0 | 248 | 0 |
| WASTE DISPOSAL | 2,929 | 0 | 2,929 | 0 |
| BANK FEES | 1,411 | 0 | 1,411 | 0 |
| CONFERENCES & TRAINING | 184 | 0 | 184 | 0 |
| TELEPHONE | 894 | 0 | 894 | 0 |
| EMPLOYEE MEETINGS | 958 | 0 | 958 | 0 |
| PENALTIES | 132 | 0 | 132 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES | 11,671 | 11,671 | |
| TESTING SERVICES | 555,130 | 555,130 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHOLDING | 4,279 | 2,904 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAB TESTING FEES | 5,500 | 0 | 5,500 | 0 |
| MANAGEMENT FEES | 275,310 | 0 | 275,310 | 0 |
| OUTSIDE CONTRACT SERVICES | 0 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 10,230 | 0 | 10,230 | 0 |