| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 70,701 | 0 | 0 | 70,701 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| INTANGIBLE ASSETS | 773,143 | 580,726 | 3.000000000000 | 192,417 | 0 | 192,417 | 773,143 | |
| VIDEO LIBRARY | 703,702 | 496,383 | 3.000000000000 | 207,319 | 0 | 207,319 | 703,702 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE, FIXTURES AND EQUIPMENT | 46,298 | 39,621 | SL | 5.000000000000 | 6,677 | 0 | 6,677 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART VII-B, LINE 1A(4): | ARETHA DELIGHT DAVIS (EXECUTIVE DIRECTOR/CLERK), ANGELO VOLANDES (PRESIDENT/EXECUTIVE DIRECTOR) RECEIVED COMPENSATION FOR THE YEAR ENDING DECEMBER 31, 2021. THIS AMOUNT REPRESENTS PAYMENT FOR THEIR SERVICES WITH REGARD TO THE FOUNDATION AND THE SERVICES IT PROVIDES. THIS MEETS THE EXCEPTION AND IS CONSIDERED REASONABLE, AND THEREFORE FORM 4720 IS NOT PREPARED. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE, FIXTURES AND EQUIPMENT | 46,298 | 46,298 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 9,572 | 0 | 0 | 9,572 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTANGIBLE ASSETS AND VIDEO LIBRARY, NET OF ACCUMULATED AMORTIZATION | 652,131 | 568,891 | 568,891 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER SERVICES | 141,287 | 0 | 0 | 141,287 |
| DUES AND SUBSCRIPTIONS | 10,091 | 0 | 0 | 10,091 |
| EDUCATION & SEMINARS | 3,100 | 0 | 0 | 3,100 |
| INSURANCE | 15,893 | 0 | 0 | 15,893 |
| MARKETING | 17,969 | 0 | 0 | 17,969 |
| MISCELLANEOUS | 14,377 | 0 | 0 | 14,377 |
| OFFICE SUPPLIES AND EXPENSE | 22,711 | 130 | 0 | 22,581 |
| TELEPHONE | 8,836 | 0 | 0 | 8,836 |
| TRANSLATION | 32,695 | 0 | 32,695 | 0 |
| AMORTIZATION | 260,521 | 0 | 260,521 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| VIDEO LICENSING FEES | 565,704 | 565,704 | |
| CONSULTING FEES | 90,351 | 90,351 | |
| REFUNDS | 4,889 | 4,889 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE - PACHECK PROTECTION PROGRAM LOAN | 38,450 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| VIDEO PRODUCTION AND OTHER SUBCONTRACTORS | 153,315 | 0 | 150,471 | 2,844 |