| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 38,000 | 3,800 | 34,200 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| DANCO | PURCHASED | 192 | COST | 0 | 192 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN DANCO PROGRAM RELATED | AT COST | 186,437 | 186,437 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 2,918 | 0 | 2,918 |
| Description | Amount |
|---|---|
| DANCO NON DEDUCTABLE | 1,858 |
| FEDERAL TAX | 466 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 5,660 | 0 | 5,660 | |
| OFFICE EXPENSE | 4,255 | 0 | 4,255 | |
| PAYROLL PROCESSING | 16,317 | 1,631 | 14,686 | |
| DUES AND SUBSCRIPTIONS | 1,598 | 0 | 1,598 | |
| DANCO EXPENSES | 24 | 24 | 0 | |
| DANCO DEPRECIATION | 12 | 12 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM RELATED INVESTMENT: DANCO | 26,069 | 26,069 | 26,069 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 12,124 | 1,212 | 10,912 | |
| STATE TAXES | 340 | 0 | 340 |