| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RETURN PREPARATION AND TAX COMPLIANCE | 5,000 | 0 | 0 | 5,000 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATIONAL COSTS | 2022-09-26 | 2,747 | 46 | 180.000000000000 | 183 | 0 | 0 | 229 |
| ORGANIZATIONAL COSTS | 2023-05-16 | 24,531 | 180.000000000000 | 954 | 0 | 0 | 954 | |
| ORGANIZATIONAL COSTS | 2023-07-01 | 3,945 | 180.000000000000 | 132 | 0 | 0 | 132 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TILMOR 520 Y DIESEL CULTIVATION TRACTOR | 2022-12-31 | 50,080 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| IMANTS 33SX210KH SPADING MACHINE WITH POWER HARROW | 2022-12-31 | 27,800 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE 320G - 1T0320GKHPJ442254 | 2022-12-31 | 78,266 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE XUV865M - 1M0865MDPPM060228 | 2022-12-31 | 34,362 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE XUV865M - 1M0865MDEPM060192 | 2022-12-31 | 34,362 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE 5075E - 1PY5075EVPR424198 | 2022-12-31 | 74,208 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| MODEL 5 CANDLER/SANITZER/GRADER | 2023-07-01 | 43,900 | 200DB | 7.000000000000 | 36,060 | 0 | 0 | ||
| MODEL 2670M RAISED BED PLASTIC MULCH LAYER | 2023-07-01 | 64,203 | 200DB | 7.000000000000 | 52,737 | 0 | 0 | ||
| 056-40000-200 LENCO 5 FT PULL TYPE STONE PICKER | 2023-07-01 | 38,880 | 200DB | 7.000000000000 | 31,937 | 0 | 0 | ||
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 2023-07-01 | 41,274 | 200DB | 7.000000000000 | 33,903 | 0 | 0 | ||
| JOHN DEERE TEAGLE TOMAHAWK T5050 | 2023-07-01 | 26,781 | 200DB | 7.000000000000 | 21,999 | 0 | 0 | ||
| 2023 FORD TRANSIT 350 - 1FTBW3X89PKA43397 | 2023-05-11 | 92,500 | 200DB | 7.000000000000 | 77,302 | 0 | 0 | ||
| 2005 DODGE RAM 1500 - 1D7HU18N65S124370 | 2023-05-24 | 6,000 | 200DB | 7.000000000000 | 5,014 | 0 | 0 | ||
| TRACTOR -JOHN DEERE | 2022-12-21 | 157,850 | 157,850 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| GATOR HVAC | 2022-12-21 | 63,560 | 63,560 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TRACTOR - CAB UTILITY | 2022-12-21 | 56,830 | 56,830 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| EQUIPMENT | 2022-12-21 | 43,458 | 43,458 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| EQUIPMENT | 2022-12-30 | 13,520 | 13,520 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 2022-12-21 | 57,042 | 57,042 | 200DB | 7.000000000000 | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| TILMOR 520 Y DIESEL CULTIVATION TRACTOR | 50,080 | 50,080 | 0 | |
| IMANTS 33SX210KH SPADING MACHINE WITH POWER HARROW | 27,800 | 27,800 | 0 | |
| JOHN DEERE 320G - 1T0320GKHPJ442254 | 78,266 | 78,266 | 0 | |
| JOHN DEERE XUV865M - 1M0865MDPPM060228 | 34,362 | 34,362 | 0 | |
| JOHN DEERE XUV865M - 1M0865MDEPM060192 | 34,362 | 34,362 | 0 | |
| JOHN DEERE 5075E - 1PY5075EVPR424198 | 74,208 | 74,208 | 0 | |
| MODEL 5 CANDLER/SANITZER/GRADER | 43,900 | 36,060 | 7,840 | 7,840 |
| MODEL 2670M RAISED BED PLASTIC MULCH LAYER | 64,203 | 52,737 | 11,466 | 11,466 |
| 056-40000-200 LENCO 5 FT PULL TYPE STONE PICKER | 38,880 | 31,937 | 6,943 | 6,943 |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 41,274 | 33,903 | 7,371 | 7,371 |
| JOHN DEERE TEAGLE TOMAHAWK T5050 | 26,781 | 21,999 | 4,782 | 4,782 |
| 2023 FORD TRANSIT 350 - 1FTBW3X89PKA43397 | 92,500 | 77,302 | 15,198 | 15,198 |
| 2005 DODGE RAM 1500 - 1D7HU18N65S124370 | 6,000 | 5,014 | 986 | 986 |
| ORGANIZATIONAL COSTS | 2,747 | 229 | 2,518 | 2,518 |
| ORGANIZATIONAL COSTS | 24,531 | 954 | 23,577 | 23,577 |
| ORGANIZATIONAL COSTS | 3,945 | 132 | 3,813 | 3,813 |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 57,042 | 57,042 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EMPLOYMENT RELATED ISSUES AND DOCUMENT DRAFTING | 2,080 | 0 | 0 | 2,080 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 5,852 | 5,852 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 5,479 | 0 | 0 | 5,479 |
| INSURANCE EXPENSE | 30,747 | 0 | 0 | 30,747 |
| REPAIR AND MAINTENANCE | 19,411 | 0 | 0 | 19,411 |
| MISC SUPPLIES | 6,583 | 0 | 0 | 6,583 |
| EMPLOYEE TRAINING | 2,600 | 0 | 0 | 2,600 |
| SEED | 37,758 | 0 | 0 | 37,758 |
| TESTING EXPENSE | 1,768 | 0 | 0 | 1,768 |
| FEED | 45,540 | 0 | 0 | 45,540 |
| POULTRY | 8,769 | 0 | 0 | 8,769 |
| ADVERTISING & MARKETING | 1,632 | 0 | 0 | 1,632 |
| FRAM/SMALL TOOLS AND EQUIPMENT | 366,648 | 0 | 0 | 366,648 |
| FARM SUPPLIES | 89,915 | 0 | 0 | 89,915 |
| AMORTIZATION | 1,269 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 6,738 | 0 | 0 | 6,738 |