| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEE | 30,550 | 0 | 0 | 30,362 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE AND FIXTURES | 2019-02-25 | 2,708 | 1,484 | SL | 14.29 % | 387 | |||
| FURNITURE AND FIXTURES | 2019-04-23 | 17,823 | 9,336 | SL | 14.29 % | 2,546 | |||
| TELEPHONE SYSTEM | 2019-02-26 | 3,664 | 1,404 | SL | 10.00 % | 366 | |||
| OFFICE EQUIPMENT | 2019-02-22 | 1,099 | 843 | SL | 20.00 % | 220 | |||
| COMPUTER EQUIPMENT | 2020-01-02 | 6,726 | 4,035 | SL | 20.00 % | 1,345 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS - FIXED INCOME | FMV | 18,300,173 | 18,300,173 |
| MUTUAL FUNDS - EQUITY | FMV | 88,555,813 | 88,555,813 |
| MONEY MARKET FUNDS | FMV | 2,731,990 | 2,731,990 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 20,531 | 13,753 | 6,778 | 6,779 |
| Machinery and Equipment | 32,969 | 29,693 | 3,276 | 3,275 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| RIGHT-OF-USE ASSET | 49,576 | 7,111 | 7,111 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 30,495 | 30,111 | ||
| Rental Expenses | 26,012 | 26,012 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LEASE LIABILITY | 49,576 | 7,111 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 66,616 | 66,616 | 0 | 66,616 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF EXCISE TAXES | 246,144 | |||
| PAYROLL TAXES | 21,257 | 21,033 |