| 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 Building and Improvement | 2012-05-31 | 426,059 | 103,171 | SL | 39 | 10,925 | 0 | 0 | |
| 2000 Dodger Truck | 2012-05-24 | 11,684 | 11,684 | SL | 7 | 0 | 0 | 0 | |
| Harrow | 2012-12-17 | 970 | 520 | SL | 7 | 0 | 0 | 0 | |
| 1993 Turnbow 2 horse | 2012-05-26 | 2,500 | 2,500 | SL | 5 | 0 | 0 | 0 | |
| 2007 Sundown 3 horse | 2012-11-20 | 15,000 | 13,625 | SL | 10 | 1,375 | 0 | 0 | |
| Isolation barn | 2013-05-01 | 3,600 | 788 | SL | 39 | 92 | 0 | 0 | |
| Misting system | 2013-07-05 | 4,191 | 4,191 | SL | 7 | 0 | 0 | 0 | |
| Patio furniture | 2013-05-01 | 1,636 | 1,636 | SL | 7 | 0 | 0 | 0 | |
| Inland kubota tractor | 2014-05-05 | 15,252 | 12,488 | SL | 7 | 2,179 | 0 | 0 | |
| Equipment | 2011-09-06 | 10,400 | 4,389 | SL | 7 | 0 | 0 | 0 | |
| Barn electrical improvement | 2017-10-09 | 16,253 | 2,075 | SL | 33 | 493 | 0 | 0 | |
| Mare motel improvement | 2017-12-23 | 5,000 | 1,031 | SL | 20 | 250 | 0 | 0 | |
| Olafs paddock improvement | 2019-05-28 | 5,000 | 941 | SL | 20 | 250 | 0 | 0 | |
| Building improvement | 2021-05-04 | 22,886 | 0 | SL | 20 | 572 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | Mortage |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 949,409 |
| Balance Due | 839,276 |
| Date of Note | 2015-05 |
| Maturity Date | 2021-06 |
| Repayment Terms | |
| Interest Rate | 3.05 |
| Security Provided by Borrower | land and bldgs |
| Purpose of Loan | purchase facility |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Amount |
|---|---|
| Accumulated difference in net asset | 90,532 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Hay and feed | 199,719 | 0 | 0 | 0 |
| Training | 53,151 | 0 | 0 | 0 |
| Contract services | 53,034 | 0 | 0 | 0 |
| Veterinary services | 82,264 | 0 | 0 | 0 |
| Bedding | 34,765 | 0 | 0 | 0 |
| Farrier | 26,150 | 0 | 0 | 0 |
| Other equine care | 47,745 | 0 | 0 | 0 |
| Stable maintenance | 180,692 | 0 | 0 | 0 |
| Property insurance | 8,287 | 0 | 0 | 0 |
| Auto expenses | 712 | 0 | 0 | 0 |
| Legal fees | 4,075 | 0 | 0 | 0 |
| Marketing | 4,000 | 0 | 0 | 0 |
| Bank and merchant fees | 6,360 | 0 | 0 | 0 |
| Travel and meeting | 2,974 | 0 | 0 | 0 |
| Office expenses | 10,010 | 0 | 0 | 0 |
| Fundraising events | 14,323 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Program revenue | 7,702 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property tax | 28,167 | 0 | 0 | 0 |