| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 8,550 | 0 | 0 | 8,550 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| TRADEMARKS | 2008-06-30 | 109,013 | 90,850 | 180.000000000000 | 7,268 | 0 | 7,268 | 98,118 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| PRODUCTION STUDIO | 2008-01-01 | 2,716,571 | 905,528 | SL | 39.000000000000 | 69,656 | 0 | 69,656 | |
| LAND | 2004-06-11 | 194,840 | L | 0 | 0 | 0 | |||
| EQUIPMENT | 2008-01-01 | 430,412 | 430,412 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LAPTOPS/SOFTWARE | 2006-09-22 | 9,151 | 9,151 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| VIDEO CONF | 2008-01-01 | 209,228 | 209,228 | SL | 5.000000000000 | 0 | 0 | 0 | |
| TELEPHONE | 2008-01-01 | 32,585 | 32,585 | SL | 5.000000000000 | 0 | 0 | 0 | |
| NETWORK SERVER | 2008-01-01 | 1,729 | 1,729 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CAMERA | 2008-01-31 | 16,966 | 16,966 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTERS | 2008-01-01 | 7,375 | 7,375 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2008-01-01 | 79,965 | 79,965 | SL | 7.000000000000 | 0 | 0 | 0 | |
| MUSICAL INSTRUMENTS | 2008-01-01 | 45,904 | 45,904 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MICROPHONES | 2008-01-01 | 57,883 | 57,883 | SL | 5.000000000000 | 0 | 0 | 0 | |
| SSL CONSOLE | 2008-01-01 | 231,500 | 231,500 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LOW VOLT EQUIP | 2008-01-01 | 21,344 | 21,344 | SL | 5.000000000000 | 0 | 0 | 0 | |
| SOUND EQUIPMENT | 2008-07-31 | 38,444 | 38,444 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FULLY DEPRECIATED | 1996-12-17 | 28,640 | 28,640 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CAMERA EQUIPMENT | 2009-04-22 | 11,184 | 11,184 | SL | 5.000000000000 | 0 | 0 | 0 | |
| GENERATOR | 2009-10-13 | 68,170 | 68,170 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COSTA RICA FIXED ASSETS | 2009-12-31 | 5,787,399 | 3,410,481 | SL | 0 % | 18,755 | 0 | 18,755 | |
| DELL LAPTOP | 2010-06-25 | 3,720 | 3,720 | SL | 5.000000000000 | 0 | 0 | 0 | |
| APPLE MAC COMPUTER | 2010-10-14 | 2,772 | 2,772 | SL | 5.000000000000 | 0 | 0 | 0 | |
| WIRELESS MONITOR | 2010-10-29 | 2,918 | 2,918 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2011-05-23 | 2,311 | 2,311 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2011-09-30 | 3,368 | 3,368 | SL | 5.000000000000 | 0 | 0 | 0 | |
| DEHUMIDIFER | 2011-10-03 | 2,500 | 2,500 | SL | 5.000000000000 | 0 | 0 | 0 | |
| B&H VIDEO | 2012-09-28 | 9,125 | 9,125 | SL | 5.000000000000 | 0 | 0 | 0 | |
| 360 EQUIPMENT FOR TOURS | 2013-02-28 | 2,397 | 2,397 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LAPTOPS/SOFTWARE | 2013-06-21 | 2,868 | 2,868 | SL | 5.000000000000 | 0 | 0 | 0 | |
| JVC JVGCPX100 | 2013-05-27 | 999 | 999 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CANNON CA5D3 EOS 5D MARK III | 2013-05-28 | 3,299 | 3,299 | SL | 5.000000000000 | 0 | 0 | 0 | |
| APPLE LAPTOP | 2013-03-19 | 3,114 | 3,114 | SL | 5.000000000000 | 0 | 0 | 0 | |
| IPHONE | 2014-03-03 | 908 | 908 | SL | 5.000000000000 | 0 | 0 | 0 | |
| BUILDING | 2010-12-31 | 220,350 | NC | 0 % | 0 | 0 | 0 | ||
| FURNITURE | 2020-01-01 | 1,000 | 143 | SL | 7.000000000000 | 143 | 0 | 143 | |
| MOTORBIKE | 2020-01-01 | 1,099 | 220 | SL | 5.000000000000 | 220 | 0 | 220 | |
| OFFICE | 2020-01-01 | 46,058 | 1,181 | SL | 39.000000000000 | 1,181 | 0 | 1,181 | |
| TOYOTA RAV 4 | 2020-01-01 | 36,000 | 7,200 | SL | 5.000000000000 | 7,200 | 0 | 7,200 | |
| LAND | 2020-01-01 | 21,886 | L | 0 | 0 | 0 | |||
| PERIMETER WALL/FENCE/GATE | 2020-01-01 | 9,877 | 658 | SL | 15.000000000000 | 658 | 0 | 658 | |
| TENT | 2020-01-01 | 3,500 | 500 | SL | 7.000000000000 | 500 | 0 | 500 | |
| 2020 FORD EXPLORER | 2020-05-01 | 41,302 | 5,507 | SL | 5.000000000000 | 8,260 | 0 | 8,260 | |
| EQUIPMENT | 2008-01-01 | 68,603 | 68,603 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COSTA RICA FIXED ASSETS | 2009-12-31 | 172,720 | 139,589 | SL | 0 % | 0 | 0 | 0 | |
| HVAC UNITS | 2021-01-22 | 62,125 | SL | 39.000000000000 | 1,460 | 0 | 1,460 | ||
| ROOF SHINGLES | 2021-06-21 | 68,200 | SL | 39.000000000000 | 874 | 0 | 874 | ||
| ROOF WOOD | 2021-08-09 | 3,840 | SL | 39.000000000000 | 41 | 0 | 41 | ||
| SECURITY CAMERAS | 2021-06-01 | 11,520 | SL | 5.000000000000 | 1,344 | 0 | 1,344 | ||
| SECURITY CAMERAS | 2021-07-01 | 2,930 | SL | 5.000000000000 | 293 | 0 | 293 | ||
| LAPTOP AND ROUTER | 2021-01-01 | 1,687 | SL | 5.000000000000 | 337 | 0 | 337 | ||
| FURNITURE | 2021-01-01 | 5,937 | SL | 7.000000000000 | 848 | 0 | 848 | ||
| KENYA TRAINING CENTER | 2021-01-01 | 99,236 | SL | 39.000000000000 | 2,545 | 0 | 2,545 | ||
| PERIMETER WALL/FENCE/GATE | 2021-01-01 | 18,813 | SL | 15.000000000000 | 1,254 | 0 | 1,254 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PRODUCTION STUDIO | 2,716,571 | 975,184 | 1,741,387 | |
| LAND | 194,840 | 0 | 194,840 | |
| EQUIPMENT | 430,412 | 430,412 | 0 | |
| CAMERA | 16,966 | 16,966 | 0 | |
| FURNITURE & FIXTURES | 79,965 | 79,965 | 0 | |
| MUSICAL INSTRUMENTS | 45,904 | 45,904 | 0 | |
| MICROPHONES | 57,883 | 57,883 | 0 | |
| LOW VOLT EQUIP | 21,344 | 21,344 | 0 | |
| TRADEMARKS | 109,013 | 98,118 | 10,895 | |
| SOUND EQUIPMENT | 38,444 | 38,444 | 0 | |
| FULLY DEPRECIATED | 28,640 | 28,640 | 0 | |
| CAMERA EQUIPMENT | 11,184 | 11,184 | 0 | |
| GENERATOR | 68,170 | 68,170 | 0 | |
| COSTA RICA FIXED ASSETS | 5,787,399 | 3,429,236 | 2,358,163 | |
| APPLE MAC COMPUTER | 2,772 | 2,772 | 0 | |
| WIRELESS MONITOR | 2,918 | 2,918 | 0 | |
| COMPUTER | 3,368 | 3,368 | 0 | |
| DEHUMIDIFER | 2,500 | 2,500 | 0 | |
| B&H VIDEO | 9,125 | 9,125 | 0 | |
| 360 EQUIPMENT FOR TOURS | 2,397 | 2,397 | 0 | |
| JVC JVGCPX100 | 999 | 999 | 0 | |
| CANNON CA5D3 EOS 5D MARK III | 3,299 | 3,299 | 0 | |
| BUILDING | 220,350 | 0 | 220,350 | |
| FURNITURE | 1,000 | 286 | 714 | |
| MOTORBIKE | 1,099 | 440 | 659 | |
| OFFICE | 46,058 | 2,362 | 43,696 | |
| TOYOTA RAV 4 | 36,000 | 14,400 | 21,600 | |
| LAND | 21,886 | 0 | 21,886 | |
| PERIMETER WALL/FENCE/GATE | 9,877 | 1,316 | 8,561 | |
| TENT | 3,500 | 1,000 | 2,500 | |
| 2020 FORD EXPLORER | 41,302 | 13,767 | 27,535 | |
| HVAC UNITS | 62,125 | 1,460 | 60,665 | |
| ROOF SHINGLES | 68,200 | 874 | 67,326 | |
| ROOF WOOD | 3,840 | 41 | 3,799 | |
| SECURITY CAMERAS | 11,520 | 1,344 | 10,176 | |
| SECURITY CAMERAS | 2,930 | 293 | 2,637 | |
| LAPTOP AND ROUTER | 1,687 | 337 | 1,350 | |
| FURNITURE | 5,937 | 848 | 5,089 | |
| KENYA TRAINING CENTER | 99,236 | 2,545 | 96,691 | |
| PERIMETER WALL/FENCE/GATE | 18,813 | 1,254 | 17,559 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM RELATED INVESTMENT | 12,957,801 | 12,957,801 | 12,957,801 |
| EMPLOYEE ADVANCES | 2,469 | 2,125 | 2,125 |
| HVAC DEPOSIT | 30,163 | 0 | 0 |
| SECURITY DEPOSIT | 0 | 213 | 213 |
| PREPAID EXPENSES | 0 | 168,170 | 168,170 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 181,608 | 0 | 0 | 181,608 |
| BROADCASTING EXPENSES | 20,170 | 0 | 0 | 20,170 |
| REPAIRS | 167,831 | 0 | 0 | 167,831 |
| INSURANCE | 37,405 | 0 | 0 | 37,225 |
| INTERNET FEES | 1,924 | 0 | 0 | 1,924 |
| STUDIO OPERATIONS | 650 | 0 | 0 | 650 |
| MISCELLANEOUS EXPENSE | 944 | 0 | 0 | 1,350 |
| CURRENCY CONVERSIONS | -258,023 | 0 | 0 | 0 |
| CONFERENCE FEES | 2,905 | 0 | 0 | 2,905 |
| AMORTIZATION | 7,268 | 0 | 7,268 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER CURRENT LIABILITIES | 341,799 | 158,285 |
| FORD MOTOR CREDIT | 32,672 | 0 |
| SBA PAYCHECK PROTECTION LOAN | 9,876 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 30,445 | 0 | 0 | 30,445 |
| LEGAL FEES | 52,795 | 0 | 0 | 52,795 |
| Name | Address |
|---|---|
| DR DECAROL WILLIAMSON |
2618 NEW VILLAGE WAY WILMINGTON,NC28405 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY AND OTHER | 5,333 | 0 | 0 | 5,333 |