| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES EXPENSE | 3,685 | 3,685 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ENRICHMENT CENTER BUILDING | 2019-10-01 | 43,493 | 1,348 | S/L | 39.0000 | 1,087 | |||
| ENRICHMENT CENTER BUILDING | 2020-12-08 | 2,255 | 2 | S/L | 39.0000 | 56 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 45,748 | 2,507 | 43,241 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES EXPENSE | 1,062 | 1,062 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| AUTOMOBILE EXPENSES | 1,046 | 1,046 | ||
| BANK CHARGES | 1,551 | 1,551 | ||
| ENRICHMENT FOR STUDENTS | 33,773 | 33,773 | ||
| FOOD AND SUPPLIES FOR STUDENT | 16,271 | 16,271 | ||
| FURNITURE | 1,267 | 1,267 | ||
| MARKETING | 1,418 | 1,418 | ||
| MEALS & ENTERTAINMENT | 1,761 | 1,761 | ||
| MINISTRY EXPENSES | 44,986 | 44,986 | ||
| OFFICE EXPENSES | 12,188 | 12,188 | ||
| PROCESSING FEES | 5,252 | 5,252 | ||
| UTILITIES | 556 | 556 | ||
| REPAIRS AND MAINTENANCE | 3,264 | 3,264 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES EXPENSE | 1,207 | 1,207 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| MERCHANDISE SALES | 394 | 365 | 29 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 400 | 400 |