| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 19,913 | 996 | 6,372 | 12,545 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 1994-11-01 | 1,408,290 | 1,011,657 | SL | 40.000000000000 | 35,207 | 0 | 35,207 | |
| DEC ADDITIONS | 1994-12-15 | 23,875 | 15,700 | SL | 40.000000000000 | 597 | 0 | 597 | |
| JAN '95 ADDITIONS | 1995-01-15 | 90,864 | 61,496 | SL | 40.000000000000 | 2,272 | 0 | 2,272 | |
| FEB '95 ADDITIONS | 1995-02-16 | 2,683 | 1,808 | SL | 40.000000000000 | 67 | 0 | 67 | |
| MAR '95 ADDITIONS | 1995-03-15 | 142,748 | 95,992 | SL | 40.000000000000 | 3,569 | 0 | 3,569 | |
| APRIL '95 ADDITIONS | 1995-04-15 | 3,635 | 2,440 | SL | 40.000000000000 | 91 | 0 | 91 | |
| MAY '95 ADDITIONS | 1995-05-15 | 25,006 | 16,703 | SL | 40.000000000000 | 625 | 0 | 625 | |
| CONSTRUCTION | 1995-08-15 | 18,575 | 12,239 | SL | 40.000000000000 | 464 | 0 | 464 | |
| GENERAL CONSTRUCTION | 1995-09-15 | 6,765 | 4,459 | SL | 40.000000000000 | 169 | 0 | 169 | |
| IRRIGATION SYSTEM | 1995-10-04 | 3,450 | 2,262 | SL | 40.000000000000 | 86 | 0 | 86 | |
| LANDSCAPING | 1995-10-27 | 9,052 | 5,944 | SL | 40.000000000000 | 226 | 0 | 226 | |
| ELECTRICAL WORK | 1995-11-28 | 2,827 | 1,860 | SL | 40.000000000000 | 71 | 0 | 71 | |
| LYNCH - CONTRACTING | 1995-11-21 | 2,800 | 1,835 | SL | 40.000000000000 | 70 | 0 | 70 | |
| NEW ROOF | 2010-05-31 | 34,873 | 9,515 | SL | 39.000000000000 | 894 | 0 | 894 | |
| SIMULATOR | 2013-04-01 | 2,577 | 2,530 | 200DB | 10.000000000000 | 47 | 0 | 47 | |
| PICNIC TABLES | 2013-06-11 | 4,650 | 997 | SL | 40.000000000000 | 116 | 0 | 116 | |
| PICNIC TABLES | 2014-09-23 | 4,650 | 3,371 | SL | 10.000000000000 | 465 | 0 | 465 | |
| CARPET | 2014-12-31 | 7,290 | 6,247 | SL | 7.000000000000 | 0 | 0 | 0 | |
| SIMULATOR | 2015-06-02 | 60,956 | 60,956 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| PICNIC TABLES | 2015-06-23 | 2,517 | 1,637 | SL | 10.000000000000 | 252 | 0 | 252 | |
| SIMULATOR | 2016-04-12 | 19,822 | 14,770 | 200DB | 10.000000000000 | 1,443 | 0 | 1,443 | |
| SIMULATOR | 2016-07-25 | 446 | 332 | 200DB | 10.000000000000 | 33 | 0 | 33 | |
| SIMULATOR PRINTER | 2016-08-30 | 8,528 | 6,355 | 200DB | 10.000000000000 | 621 | 0 | 621 | |
| SIMULATOR | 2016-11-22 | 582 | 433 | 200DB | 10.000000000000 | 43 | 0 | 43 | |
| OFFICE EQUIPMENT | 2017-01-31 | 3,170 | 3,170 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| SIMULATOR | 2018-06-12 | 4,480 | 2,828 | 200DB | 10.000000000000 | 330 | 0 | 330 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART VI-B, QUESTION 1B: | THE FOUNDATION PAYS LEGAL FEES TO A COMPANY WHICH IS OWNED 100% BY A DISQUALIFIED PERSON. THIS MEETS THE DEFINITION OF SELF DEALING AND AS SUCH, PART VI-B QUESTION 1A(4) HAS BEEN ANSWERED YES. HOWEVER, THE FEES PAID FOR THESE MANAGEMENT PROFESSIONAL SERVICES ARE REASONABLE AND NOT EXCESSIVE. THE PAYMENT DOES NOT FAIL TO QUALIFY AS AN EXCEPTION AND THEREFORE PART VI-B QUESTION 1B HAS BEEN ANSWERED NO. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 1,408,290 | 1,046,864 | 361,426 | |
| DEC ADDITIONS | 23,875 | 16,297 | 7,578 | |
| JAN '95 ADDITIONS | 90,864 | 63,768 | 27,096 | |
| FEB '95 ADDITIONS | 2,683 | 1,875 | 808 | |
| MAR '95 ADDITIONS | 142,748 | 99,561 | 43,187 | |
| APRIL '95 ADDITIONS | 3,635 | 2,531 | 1,104 | |
| MAY '95 ADDITIONS | 25,006 | 17,328 | 7,678 | |
| CONSTRUCTION | 18,575 | 12,703 | 5,872 | |
| GENERAL CONSTRUCTION | 6,765 | 4,628 | 2,137 | |
| IRRIGATION SYSTEM | 3,450 | 2,348 | 1,102 | |
| LANDSCAPING | 9,052 | 6,170 | 2,882 | |
| ELECTRICAL WORK | 2,827 | 1,931 | 896 | |
| LYNCH - CONTRACTING | 2,800 | 1,905 | 895 | |
| NEW ROOF | 34,873 | 10,409 | 24,464 | |
| SIMULATOR | 2,577 | 2,577 | 0 | |
| PICNIC TABLES | 4,650 | 1,113 | 3,537 | |
| PICNIC TABLES | 4,650 | 3,836 | 814 | |
| CARPET | 7,290 | 6,247 | 1,043 | |
| SIMULATOR | 60,956 | 60,956 | 0 | |
| PICNIC TABLES | 2,517 | 1,889 | 628 | |
| SIMULATOR | 19,822 | 16,213 | 3,609 | |
| SIMULATOR | 446 | 365 | 81 | |
| SIMULATOR PRINTER | 8,528 | 6,976 | 1,552 | |
| SIMULATOR | 582 | 476 | 106 | |
| OFFICE EQUIPMENT | 3,170 | 3,170 | 0 | |
| SIMULATOR | 4,480 | 3,158 | 1,322 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 11,578 | 0 | 3,705 | 7,873 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 10,298 | 0 | 3,295 | 7,003 |
| INSURANCE | 51,802 | 0 | 16,576 | 35,226 |
| LANDSCAPE | 11,515 | 0 | 3,685 | 7,830 |
| LICENSE FEES | 58,102 | 0 | 18,592 | 39,510 |
| MISCELLANEOUS | 346 | 0 | 110 | 236 |
| OFFICE EXPENSE | 2,869 | 0 | 918 | 1,951 |
| PROGRAM EXPENSE | 20,294 | 0 | 6,494 | 13,800 |
| REPAIRS AND MAINTENANCE | 32,220 | 0 | 10,310 | 21,910 |
| EQUIPMENT LEASE EXPENSES | 6,293 | 0 | 2,014 | 4,279 |
| UTILITIES | 36,457 | 0 | 11,666 | 24,791 |
| EDUCATION EXPENSES | 538 | 0 | 172 | 366 |
| MEALS & ENTERTAINMENT | 223 | 0 | 71 | 152 |
| CLEANING | 17,560 | 0 | 5,619 | 11,941 |
| UNIFORMS | 3,050 | 0 | 976 | 2,074 |
| DEVELOPMENT | 6,818 | 0 | 2,182 | 4,636 |
| FILING FEES | 140 | 0 | 45 | 95 |
| MARKETING | 1,379 | 0 | 441 | 938 |
| SIMULATOR EXPENESES | 9,443 | 0 | 3,022 | 6,421 |
| SUPPLIES | 879 | 0 | 281 | 598 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISSION ACTIVITY | 157,916 | 157,916 | |
| SUMMER CAMP | 123,526 | 123,526 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO VENDORS | 16,272 | 14,899 |
| OTHER LIABILITIES | 42,911 | 116,324 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING | 770 | 0 | 246 | 524 |