| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,000 | 1,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| CARPET | 2019-12-31 | 300 | 300 | 200DB | 7.0000 | ||||
| SAFE | 2019-12-31 | 210 | 210 | 200DB | 7.0000 | ||||
| REFRIGERATOR | 2019-12-31 | 50 | 50 | 200DB | 7.0000 | ||||
| DUAL HEADSETS | 2019-12-31 | 230 | 230 | 200DB | 5.0000 | ||||
| 7 THEATRE CHAIRS | 2019-12-31 | 200 | 200 | 200DB | 7.0000 | ||||
| HONEYWELL 41" WATER COOLER | 2019-12-31 | 100 | 100 | 200DB | 7.0000 | ||||
| CREDENZA | 2019-12-31 | 250 | 250 | 200DB | 7.0000 | ||||
| BOOKCASE | 2019-12-31 | 150 | 150 | 200DB | 7.0000 | ||||
| DESK | 2019-12-31 | 280 | 280 | 200DB | 7.0000 | ||||
| CONFERENCE TABLE | 2019-12-31 | 550 | 550 | 200DB | 7.0000 | ||||
| 6 CONFERENCE TABLE CHAIRS | 2019-12-31 | 840 | 840 | 200DB | 7.0000 | ||||
| SHELF W/ COUNTER & DOORS | 2019-12-31 | 1,400 | 1,400 | 200DB | 7.0000 | ||||
| LADDER | 2019-12-31 | 490 | 490 | 200DB | 7.0000 | ||||
| BOOKSHELF | 2019-12-31 | 150 | 150 | 200DB | 7.0000 | ||||
| FOLD DOWN DESK | 2019-12-31 | 190 | 190 | 200DB | 7.0000 | ||||
| MURPHY BED | 2019-12-31 | 215 | 215 | 200DB | 7.0000 | ||||
| 2020 MACBOOK AIR | 2020-09-21 | 1,500 | 1,500 | 200DB | 5.0000 | ||||
| 2021 IMAC | 2021-04-30 | 1,750 | 1,750 | 200DB | 5.0000 | ||||
| OFFICE PRINTER | 2022-04-09 | 375 | 375 | 200DB | 5.0000 | ||||
| ROUTER | 2023-07-02 | 240 | 200DB | 5.0000 | 202 | 202 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 56.144 ISHARES CORE S&P ETF | FMV | 6,078 | |
| 4257 ISHARES SELECT | FMV | 499,030 | |
| 2270 INVESTCO TR | FMV | 358,133 | |
| 723 ISHARES CORE S&P | FMV | 345,328 | |
| 157,000 JP MORGAN CHASE BK NA CD | FMV | 157,031 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 9,470 | 9,432 | 38 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LIPSCOMB UNIVERSITY INVESTMENT | 70,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BUSINESS REGISTRATION FEES | 50 | 50 | ||
| SUPPLIES | 3 | 3 | ||
| INSURANCE | 496 | 496 | ||
| MEALS | 373 | 373 | ||
| POSTAGE | 4 | 4 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS OR LOSSES ON INVESTMENTS | 92,252 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE TAXES | 284 | 284 |