| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SCHOOL HOUSE BUILDING | 2021-05-13 | 70,000 | 2,992 | SL | 39 | 1,795 | 0 | 0 | |
| IMPROVEMENTS G&R CONSTRUCTION | 2023-05-11 | 21,596 | 0 | SL | 39 | 346 | 0 | 0 | |
| LAND - LOTS 258 AND 259 | 2023-04-06 | 20,000 | 0 | NDA | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| SCHOOL HOUSE BUILDING | 91,596 | 5,133 | 86,463 | 0 |
| LAND - LOTS 258 AND 259 | 20,000 | 0 | 20,000 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 1,703 | 0 | 0 | 0 |
| OFFICE SUPPLIES | 949 | 0 | 0 | 0 |
| MERCHANT PROCESSING FEES | 484 | 0 | 0 | 0 |
| DUES AND SUBSCRIPTIONS | 130 | 0 | 0 | 0 |
| REPAIRS & MAINTENANCE | 2,008 | 0 | 0 | 0 |
| SOFTWARE | 740 | 0 | 0 | 0 |
| PERMITS AND FEES | 10 | 0 | 0 | 0 |
| ADVERTISING & MARKETING | 8,473 | 0 | 0 | 0 |
| MANAGEMENT FEES | 200 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FUNDRAISING INCOME | 5,598 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL EXPENSES | 1,634 | 0 | 0 | 0 |
| ACCOUNTING FEES | 770 | 0 | 0 | 0 |
| Name | Address |
|---|---|
| OZELL C FREEMAN JR SR |
3114 BELLEMEADE DR AUGUSTA,GA30906 |
| DAVID SHIPLEY |
5812 SAMOA CL SE MABLETON,GA30126 |