| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 18,450 | 0 | 0 | 18,450 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| MB PRO 15' | 2017-10-05 | 2,972 | 2,972 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LG ULTRAFINE 5K 27" DISPLAY | 2017-10-05 | 1,170 | 1,170 | SL | 5.000000000000 | 0 | 0 | 0 | |
| (3) MP PRO 15' | 2017-10-05 | 6,660 | 6,660 | SL | 5.000000000000 | 0 | 0 | 0 | |
| 22KW GENERATOR | 2022-10-26 | 11,300 | 377 | SL | 5.000000000000 | 2,260 | 0 | 0 | |
| ICE MAKER | 2023-11-08 | 3,328 | SL | 5.000000000000 | 111 | 0 | 0 | ||
| KAYAK | 2023-06-30 | 3,495 | SL | 5.000000000000 | 350 | 0 | 0 | ||
| KAYAK | 2023-06-30 | 3,495 | SL | 5.000000000000 | 350 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JBC TECHNOLOGIES HOLDING CORP | 301,751 | 569,093 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| MB PRO 15' | 2,972 | 2,972 | 0 | |
| LG ULTRAFINE 5K 27" DISPLAY | 1,170 | 1,170 | 0 | |
| (3) MP PRO 15' | 6,660 | 6,660 | 0 | |
| 22KW GENERATOR | 11,300 | 2,637 | 8,663 | |
| ICE MAKER | 3,328 | 111 | 3,217 | |
| KAYAK | 3,495 | 350 | 3,145 | |
| KAYAK | 3,495 | 350 | 3,145 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 560 | 0 | 0 | 560 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| NOTE RECEIVABLE | 230,833 | 230,833 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADOPTION PROGRAM EXPENSE | 30,727 | 0 | 0 | 30,727 |
| AUDIT ADJUSTMENT - PROPERTY TAX REIMBURSEMENTS | -69,669 | 0 | 0 | -69,669 |
| INSURANCE | 7,057 | 0 | 0 | 7,057 |
| INTERNET | 3,681 | 0 | 0 | 3,681 |
| MEETINGS AND MEALS | 25,370 | 0 | 0 | 25,370 |
| MISSION PROGRAMS - GREECE | 97,706 | 0 | 0 | 97,706 |
| MISSION PROGRAMS - INDIA | 222,629 | 0 | 0 | 222,629 |
| MISSION PROGRAMS - UKRAINE | 44,894 | 0 | 0 | 44,894 |
| MISSION TRIP SUPPORT PROGRAM | 10,115 | 0 | 0 | 10,115 |
| MISSONARY SUPPORT PROGRAM | 140,656 | 0 | 0 | 140,656 |
| OFFICE EXPENSE | 16,073 | 0 | 0 | 16,073 |
| PENALTIES & INTEREST | 368 | 0 | 0 | 368 |
| PROGRAM EXPENSES | 53,933 | 0 | 0 | 53,933 |
| REPAIRS, EVENTS AND SUPPLIES | 17,500 | 0 | 0 | 17,500 |
| TELEPHONE | 2,608 | 0 | 0 | 2,608 |
| WEBSITE DESIGN | 10,893 | 0 | 0 | 10,893 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM-RELATED INVESTMENT INTEREST | 3,375 | 3,375 | 3,375 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 3,281 | 4,966 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 140 | 0 | 0 | 140 |
| Name | Address |
|---|---|
|
NATIONAL CHRISTIAN FOUNDATION |
4670 EAST FULTON ST SUITE 204 ADA,MI49301 |
| JONATHAN RUDOLPH |
3319 EGYPT VALLEY NE ADA,MI49301 |
| JORDAN AND RACHEL UNDERWOOD |
1438 GRIGGS ST SE GRAND RAPIDS,MI49507 |