| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,185 | 0 | 0 | 5,185 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DESKS & CHAIRS | 2012-06-01 | 892 | 892 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LAB EQUIPMENT | 2014-11-25 | 773 | 626 | SL | 10.000000000000 | 77 | 0 | 77 | |
| UTILITY TRAILER | 2014-12-22 | 3,074 | 2,496 | SL | 10.000000000000 | 307 | 0 | 307 | |
| LAB EQUIPMENT | 2014-12-30 | 2,509 | 2,039 | SL | 10.000000000000 | 251 | 0 | 251 | |
| EQUIPMENT ITM LTD SOUTH | 2015-01-14 | 2,295 | 1,811 | SL | 10.000000000000 | 230 | 0 | 230 | |
| LENOVO THINKPAD | 2015-08-11 | 1,306 | 1,300 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LAUNDROMETER | 2015-11-10 | 22,217 | 15,832 | SL | 10.000000000000 | 2,222 | 0 | 2,222 | |
| TUFFNAUER 2540M | 2015-11-30 | 3,577 | 2,551 | SL | 10.000000000000 | 358 | 0 | 358 | |
| TUFFNAUER 2540M | 2015-11-30 | 2,000 | 1,424 | SL | 10.000000000000 | 200 | 0 | 200 | |
| BUILDING - ORIGINAL | 2018-01-31 | 237,384 | 28,679 | SL | 39.000000000000 | 6,087 | 0 | 6,087 | |
| BUILDING - ENVIRON FEES | 2018-01-31 | 5,490 | 687 | SL | 39.000000000000 | 141 | 0 | 141 | |
| BUILDING - DONATED VALUE | 2018-01-31 | 300,000 | 37,476 | SL | 39.000000000000 | 7,692 | 0 | 7,692 | |
| ENVIRONMENTAL FEES | 2018-01-31 | 950 | NC | 39.000000000000 | 0 | 0 | 0 | ||
| FENCING | 2018-05-30 | 7,546 | 2,327 | SL | 15.000000000000 | 503 | 0 | 503 | |
| BUILDING IMPROVEMENTS | 2018-10-08 | 11,716 | 1,237 | SL | 39.000000000000 | 300 | 0 | 300 | |
| LAND | 2019-01-01 | 30,000 | L | 0 | 0 | 0 | |||
| IMPROVEMENTS | 2019-01-01 | 26,568 | 2,638 | SL | 39.000000000000 | 681 | 0 | 681 | |
| ROOF | 2020-09-25 | 20,000 | 1,176 | SL | 39.000000000000 | 513 | 0 | 513 | |
| LED LIGHTS | 2020-12-21 | 12,780 | 670 | SL | 39.000000000000 | 328 | 0 | 328 | |
| MOBILE LAB - RV | 2016-07-01 | 13,746 | 8,765 | SL | 10.000000000000 | 1,375 | 0 | 1,375 | |
| HVAC | 2022-10-11 | 25,269 | 162 | SL | 39.000000000000 | 648 | 0 | 648 | |
| OFFICE EQUIPMENT | 2022-12-31 | 15,161 | SL | 7.000000000000 | 2,166 | 0 | 2,166 | ||
| BUILDING IMPROVEMENTS | 2023-05-26 | 78,206 | SL | 39.000000000000 | 1,170 | 0 | 1,170 | ||
| BUILDING - PAD | 2018-01-31 | 60,312 | 8,509 | SL | 39.000000000000 | 644 | 0 | 644 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DESKS & CHAIRS | 892 | 892 | 0 | |
| LAB EQUIPMENT | 773 | 703 | 70 | |
| UTILITY TRAILER | 3,074 | 2,803 | 271 | |
| LAB EQUIPMENT | 2,509 | 2,290 | 219 | |
| EQUIPMENT ITM LTD SOUTH | 2,295 | 2,041 | 254 | |
| LENOVO THINKPAD | 1,306 | 1,300 | 6 | |
| LAUNDROMETER | 22,217 | 18,054 | 4,163 | |
| TUFFNAUER 2540M | 3,577 | 2,909 | 668 | |
| TUFFNAUER 2540M | 2,000 | 1,624 | 376 | |
| BUILDING - ORIGINAL | 237,384 | 34,766 | 202,618 | |
| BUILDING - ENVIRON FEES | 5,490 | 828 | 4,662 | |
| BUILDING - DONATED VALUE | 300,000 | 45,168 | 254,832 | |
| ENVIRONMENTAL FEES | 950 | 0 | 950 | |
| FENCING | 7,546 | 2,830 | 4,716 | |
| BUILDING IMPROVEMENTS | 11,716 | 1,537 | 10,179 | |
| LAND | 30,000 | 0 | 30,000 | |
| IMPROVEMENTS | 26,568 | 3,319 | 23,249 | |
| ROOF | 20,000 | 1,689 | 18,311 | |
| LED LIGHTS | 12,780 | 998 | 11,782 | |
| MOBILE LAB - RV | 13,746 | 10,140 | 3,606 | |
| HVAC | 25,269 | 810 | 24,459 | |
| OFFICE EQUIPMENT | 15,161 | 2,166 | 12,995 | |
| BUILDING IMPROVEMENTS | 78,206 | 1,170 | 77,036 |
| Item No. | 1 |
|---|---|
| Lender's Name | TCF BANK |
| Lender's Title | BUSINESS |
| Relationship to Insider | NONE |
| Original Amount of Loan | 200,000 |
| Balance Due | 0 |
| Date of Note | 2018-01 |
| Maturity Date | 2033-01 |
| Repayment Terms | 5 YR BALL. 15 YR AM |
| Interest Rate | 4.938000000000 |
| Security Provided by Borrower | BUILDING |
| Purpose of Loan | PURCHASE BUILDING |
| Description of Lender Consideration | LOAN BALANCE |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 1,150 | 0 | 0 | 1,150 |
| INSURANCE | 11,387 | 0 | 0 | 11,387 |
| POSTAGE & DELIVERY | 1,227 | 0 | 0 | 1,227 |
| REPAIRS & MAINTENANCE | 6,074 | 6,074 | 0 | 6,074 |
| SUPPLIES | 25,701 | 18,178 | 0 | 25,701 |
| VEHICLE EXPENSE | 420 | 0 | 0 | 420 |
| WASTE DISPOSAL | 3,684 | 0 | 0 | 3,684 |
| BANK FEES | 1,500 | 0 | 0 | 1,500 |
| CONFERENCES & TRAINING | 352 | 0 | 0 | 352 |
| LICENSES & PERMITS | 409 | 0 | 0 | 409 |
| TELEPHONE | 2,969 | 0 | 0 | 2,969 |
| DONATIONS | 500 | 0 | 0 | 500 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES | 25,530 | 25,530 | |
| TESTING SERVICES | 570,909 | 570,909 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHOLDING | 6,729 | 5,438 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAB TESTING FEES | 239 | 0 | 0 | 239 |
| MANAGEMENT FEES | 270,000 | 0 | 0 | 270,000 |
| OUTSIDE CONTRACT SERVICES | 7,692 | 0 | 0 | 7,692 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 16,431 | 0 | 0 | 16,431 |