| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE ACCOUNTING SERVICE | 1,375 | 0 | 1,375 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| ALL DEPRECIATED EQUIPMENT | 2004-04-27 | 45,033 | 45,033 | SL | 7.0 | 0 | 0 | 0 | |
| BUS | 2009-07-27 | 12,431 | 12,431 | SL | 5.0 | 0 | 0 | 0 | |
| LEASHOLD IMPROVEMENTS | 1991-07-29 | 1,975 | 1,975 | SL | 31.0 | 0 | 0 | 0 | |
| AIR CONDITIONING | 1992-04-01 | 5,000 | 4,940 | SL | 31.0 | 60 | 0 | 0 | |
| PARSONAGE IMPROVEMENTS | 1992-06-11 | 9,536 | 9,377 | SL | 31.0 | 159 | 0 | 0 | |
| BOILER | 1994-02-23 | 3,701 | 2,916 | SL | 31.5 | 117 | 0 | 0 | |
| PARSONAGE ROOM ADDITION | 1995-07-25 | 15,862 | 11,069 | SL | 39.0 | 407 | 0 | 0 | |
| ASPHALT | 1997-09-04 | 3,785 | 3,785 | SL | 15.0 | 0 | 0 | 0 | |
| IMPROVEMENTS | 2002-06-14 | 5,355 | 4,624 | SL | 15.0 | 0 | 0 | 0 | |
| REPAVING | 2003-06-25 | 3,909 | 3,909 | SL | 15.0 | 0 | 0 | 0 | |
| NEW FURNACE | 2004-04-01 | 5,799 | 5,799 | SL | 15.0 | 0 | 0 | 0 | |
| NEW CARPET | 2004-06-09 | 1,313 | 1,313 | SL | 10.0 | 0 | 0 | 0 | |
| WINDOWS | 2005-10-17 | 3,863 | 3,380 | SL | 20.0 | 193 | 0 | 0 | |
| NEW FURNACE | 2005-02-09 | 2,000 | 1,750 | SL | 20.0 | 100 | 0 | 0 | |
| PARKING LOT PAVING SCHOOL | 2005-05-31 | 3,698 | 3,698 | SL | 15.0 | 0 | 0 | 0 | |
| SCHOOL ADDITION | 2007-07-01 | 488,341 | 191,544 | SL | 39.0 | 12,522 | 0 | 0 | |
| TABLES | 2017-05-21 | 1,837 | 1,441 | SL | 7.0 | 262 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 2017-08-23 | 13,054 | 10,257 | SL | 7.0 | 1,865 | 0 | 0 | |
| TABLE AND CHAIR CARRIERS | 2018-12-26 | 3,492 | 2,058 | SL | 7.0 | 499 | 0 | 0 | |
| PARSONAGE UPGRADES | 2019-11-30 | 38,722 | 3,103 | SL | 39.0 | 993 | 0 | 0 | |
| CUT RIGHT EQUIPMENT | 2020-06-01 | 9,200 | 3,285 | SL | 7.0 | 1,314 | 0 | 0 | |
| LIFT | 2020-07-27 | 4,300 | 1,535 | SL | 7.0 | 614 | 0 | 0 | |
| FURNACE PARSONAGE | 2021-03-13 | 2,810 | 210 | SL | 20 | 140 | 0 | 0 | |
| PRINTER | 2021-12-04 | 650 | 139 | SL | 7.0 | 93 | 0 | 0 | |
| FLOORING SCHOOL | 2021-12-04 | 16,619 | 444 | SL | 39.0 | 426 | 0 | 0 | |
| CABINETS SCHOOL | 2021-12-14 | 11,650 | 311 | SL | 39 | 299 | 0 | 0 | |
| AC | 2021-10-04 | 3,155 | 98 | SL | 39.0 | 81 | 0 | 0 | |
| NEW AC UNIT | 2022-08-02 | 4,260 | 41 | SL | 39.0 | 109 | 0 | 0 | |
| FLOORING | 2022-08-12 | 18,914 | 182 | SL | 39.0 | 485 | 0 | 0 | |
| TRAILER | 2022-09-07 | 6,300 | 450 | SL | 7.0 | 900 | 0 | 0 | |
| AC PARSONAGE | 2023-10-31 | 4,958 | 0 | SL | 39 | 26 | 0 | 0 | |
| SCHOOL FLOORING | 2023-10-25 | 10,031 | 0 | SL | 39 | 54 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| DISPOSAL OF PARSONAGE AC | 1993-05 | PURCHASE | 2023-10 | 0 | 1,560 | 0 | -101 | 1,459 | ||
| DISPOSAL OF SCHOOL FLOORING | 2002-05 | PURCHASE | 2023-10 | 0 | 9,419 | 0 | -1,869 | 7,550 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CHARLES SCHWAB ACCT 2260 | 958,986 | 1,362,031 |
| CHARLES SCHWAB ACCT 2262 | 1,175,869 | 1,692,531 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 96,297 | 81,626 | 14,671 | 14,671 |
| IMPROVEMENTS | 176,915 | 67,123 | 109,792 | 109,792 |
| BUILDING ADDITION | 488,341 | 204,066 | 284,275 | 284,275 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID FEDERAL TAX | 5,000 | 3,000 | 3,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES AND SUBSCRIPTIONS | 285 | 0 | 0 | 285 |
| LICENSE AND PERMITS | 200 | 0 | 0 | 200 |
| EQUIPMENT RENTAL | 880 | 0 | 0 | 880 |
| OFFICE SUPPLIES | 983 | 0 | 0 | 983 |
| BOOKS AND SUPPLIES | 33,017 | 0 | 0 | 33,017 |
| BANK SERVICE CHARGES | 3 | 0 | 0 | 3 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SCHOOL FEES AND REGISTRATIONS | 57,075 | 0 | 57,075 |
| BWC REBATES | 10 | 0 | 10 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHARLES SCHWAB | 26,919 | 0 | 0 | 26,919 |
| PAYROLL SERVICES INC | 2,743 | 0 | 0 | 2,743 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX INVESTMENT INCOME | 2,656 | 0 | 2,656 | 0 |
| FOREIGN TAX INVESTMENTS | 574 | 574 | 0 | 0 |