| Person Name | Explanation |
|---|---|
| EDWARD A CULP | ADMINISTRATION OF EXEMPT STATUS PRIVATE FOUNDATION |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FUSO FE 140 TRUCK | 25,000 | 0 | 25,000 | 15,000 |
| HUMMER H3 2007 | 12,995 | 0 | 12,995 | 5,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | EDWARD CULP |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 7000 |
| Balance Due | 0 |
| Date of Note | 2017-12 |
| Maturity Date | 2018-07 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 5 |
| Security Provided by Borrower | TRUCK |
| Purpose of Loan | TRUCK LOAN |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEES | 40 | 0 | 0 | 40 |