| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,000 | 0 | 0 | 2,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TRUCK WRECKER | 2015-12-31 | 172,368 | 112,783 | SL | 7.0000 | 27,445 | |||
| IMPROVEMENTS | 2018-05-01 | 2,230 | 1,189 | SL | 5.0000 | 446 | |||
| FURNITURE AND FIXTURES | 2018-10-12 | 2,531 | 1,139 | SL | 5.0000 | 506 | |||
| MACHINERY-PLANES | 2018-06-22 | 12,437 | 4,442 | SL | 7.0000 | 1,777 | |||
| MACHINERY-ENGINE | 2018-11-30 | 7,200 | 2,144 | SL | 7.0000 | 1,029 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 430,365 | 398,225 | 32,140 | 32,140 |
| Machinery and Equipment | 323,012 | 305,974 | 17,038 | 17,038 |
| Improvements | 2,230 | 1,635 | 595 | 595 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 2,531 | 1,645 | 886 | 886 |
| Machinery and Equipment | 19,637 | 9,392 | 10,245 | 10,245 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSIT | 3,157 | 3,157 | 3,157 |
| UNDEPOSITED FUNDS | 3,471 | 308 | 308 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING AND PROMOTIONAL | 7,129 | 7,129 | ||
| AIRCRAFT PARTS & EQUIPMENT | 47,223 | 47,223 | ||
| BANK CHARGES & CREDIT CARD FEES | 19,933 | 19,933 | ||
| COMMUNICATIONS AND WEB INTERNET | 7,724 | 7,724 | ||
| CONFERENCES AND CONVENTIONS | 10,069 | 10,069 | ||
| DUES & SUBSCRIPTIONS | 4,333 | 4,333 | ||
| FACILITIES MAINTENANCE | 16,114 | 16,114 | ||
| FUEL | 51,382 | 16,668 | 34,714 | |
| INSURANCE | 251,793 | 251,793 | ||
| LANDING FEE | 1,195 | 1,195 | ||
| MISCELLANEOUS | 2,615 | 2,615 | ||
| OTHER COSTS | 3,856 | 3,856 | ||
| PAYROLL SERVICES | 3,543 | 3,543 | ||
| PERMITS | 210 | 210 | ||
| POSTAGE AND SHIPPING | 3,930 | 3,930 | ||
| Rental Expenses | 7,627 | 7,627 | ||
| REPAIRS AND MAINTENANCE | 350,245 | 350,245 | ||
| SECURITY ALARM | 3,188 | 3,188 | ||
| SUPPLIES EXHIBIT MATERIALS | 16,821 | 16,821 | ||
| UTILITIES | 65,204 | 65,204 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| AIR SHOW INCOME | 63,523 | 63,523 | |
| INSURANCE REFUND | 12,758 | 12,758 | |
| MEMBERSHIP INCOME | 2,715 | 2,715 | |
| MISCELLANEOUS INCOME | 10,238 | 10,238 | |
| MUSEUM ADMISSION | 130,995 | 130,995 | |
| PPP LOAN FORGIVENESS | 17,844 | 17,844 | |
| PROGRAM EVENTS | 8,000 | 8,000 | |
| Rental Income - Noninvestment Property | 18,000 | ||
| SPECIAL EVENTS INCOME | 29,790 | 29,790 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO AFFILIATE | 117,916 | 103,630 |
| PPP LOAN | 17,844 | 1,776 |
| ACCRUED EXPENSES | 7,794 | 18,585 |
| CREDIT CARDS PAYABLE |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL CONSULTANTS | 31,283 | 0 | 0 | 31,283 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 5,663 | 5,663 | ||
| TAXES | 2 | 2 | ||
| WORKERS COMPENSATION INSURANCE | 9,462 | 9,462 |