| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 24,000 | 0 | 6,000 | 18,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Investment in Cureous Innovation | 300,000 | 300,000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Equipment | 2,159,905 | 878,363 | 1,281,542 | 1,281,542 |
| Construction in Progress | 51,450 | 0 | 51,450 | 51,450 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal Fees | 838 | 0 | 838 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Due from Affiliates | 390,804 | 333,747 | 333,747 |
| Lease - Right of Use Assets | 0 | 14,012 | 14,012 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Information technology | 1,958,036 | 0 | 652 | 1,957,384 |
| Insurance | 73,313 | 0 | 18,329 | 54,984 |
| Office expenses | 45,471 | 0 | 11,368 | 34,103 |
| Advertising | 5,001 | 0 | 1,250 | 3,751 |
| Accrual to cash conversion | 0 | 0 | 0 | 177,718 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Contract services | 3,256,735 | 3,256,735 | |
| Participation revenue | 3,149,494 | 3,149,494 | |
| Commissions | 40,305 | 40,305 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Lease Liability | 0 | 14,012 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Consulting Fees | 62,031 | 0 | 29,640 | 32,391 |
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | HealthInfoNet leases equipment to Cureous Innovations, a functionally related organization, at cost. | 0 |
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | Cureous Innovations reimburses HealthInfoNet for operating expenses paid on its behalf. | 0 |
| Total | 350,000 | |||
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | Salaries and benefits expenses paid on behalf of Cureous Innovations, a functionally related entity. | 221,821 |
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | Insurance expenses paid on behalf of Cureous Innovations, a functionally related organization. | 48,660 |
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | HealthInfoNet leases equipment to Cureous Innovations, a functionally related organization, at cost. | 26,820 |
| Cureous Innovations Inc |
60 Pineland Drive Auburn Hall Suite 305 New Goucester,ME04260 |
84-2928583 | Payables and bills paid on behalf of Cureous Innovations, a functionally related organization. | 4,357 |
| Total | 301,658 | |||