| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING & AUDIT FEES | 12,500 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| WORSHIP DRUMS | 2020-07-27 | 6,200 | 620 | SL | 5 | 1,240 | 0 | 0 | |
| GATORWRAP | 2020-10-27 | 898 | 45 | SL | 5 | 180 | 0 | 0 | |
| YOUTH BUS TO KAUAI | 2020-12-02 | 10,437 | 174 | SL | 5 | 2,087 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WORSHIP DRUMS | 6,200 | 1,860 | 4,340 | 4,340 |
| GATORWRAP | 898 | 225 | 673 | 673 |
| YOUTH BUS | 10,436 | 2,261 | 8,175 | 8,175 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 33,845 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| HEAL OUR LAND LOAN TO PEOPLE | 0 | 50,000 | 50,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KINGDOM KIDS ACADEMY | 81,054 | 0 | 0 | 0 |
| ADVERTISING | 49,702 | 0 | 0 | 0 |
| HOUSE OF PRAYER | 8,410 | 0 | 0 | 0 |
| WASHINGTON FARM 2 | 76,832 | 0 | 0 | 0 |
| KAUAI HOUSE EXPENSE | 2,739 | 0 | 0 | 0 |
| VEHICLE MAINTENANCE | 2,068 | 0 | 0 | 0 |
| BOAT MAINTENANCE | 3,370 | 0 | 0 | 0 |
| INSURANCE | 1,684 | 0 | 0 | 0 |
| MINISTRY RESOURCES | 4,272 | 0 | 0 | 0 |
| DUES & SUBSCRIPTIONS | 4,841 | 0 | 0 | 0 |
| POSTAGE | 44 | 0 | 0 | 0 |
| OFFICE SUPPLIES | 39 | 0 | 0 | 0 |
| TELEPHONE | 933 | 0 | 0 | 0 |
| BANK FEES | 176 | 0 | 0 | 0 |
| WOMENS CENTER | 1,324 | 0 | 0 | 0 |
| TRAINING & EQUIPPING | 6,756 | 0 | 0 | 0 |
| KINGDOM WIFE KINGDOM LIFE | 1,888 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PASTORS ALLOWANCE | 70,018 | 0 | 0 | 0 |
| PRAYER PARTNERS | 41,000 | 0 | 0 | 0 |
| TUTOR SERVICES | 3,823 | 0 | 0 | 0 |
| ADMINISTRATIVE SERVICES | 10,145 | 0 | 0 | 0 |
| AFTER SCHOOL CARE | 26,498 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSES | 1,191 | 0 | 0 | 0 |