| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 7,620 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 2021-12-21 | 5,936 | S/L | 40.0000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 5,936 | 5,936 | 5,936 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 919 | |||
| OFFICE EXPENSE | 6,151 | |||
| INSURANCE | 4,363 | |||
| GROCERIES | 7,774 | 7,774 | ||
| SUPPLIES | 5,084 | 5,084 | ||
| BOOKS & SUBSCRIPTIONS | 385 | 385 | ||
| OTHER | 382 | 382 | ||
| BANK FEES | 365 | |||
| TAXES & LICENSES | 182 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION | 273,534 | 273,534 | |
| BALANCE SHEET DIFFERENCE | 20,185 | 20,185 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PPP 1 | 35,200 |