| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 435 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Roof and Siding | 2019-07-01 | 10,366 | 1,451 | SL/GDS | 0000000039.000000000000 | 266 | |||
| Fishing Dock | 2022-02-14 | 4,893 | 596 | 150DB | 0000000039.000000000000 | 172 | |||
| Hayshed Roof | 2024-07-05 | 15,090 | SL/GDS | 0000000015.000000000000 | 502 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Election to Use MACRS Straight Line Method - All Property Pursuant to IRC Section 168b3D, the Taxpay | Election to Use MACRS Straight Line Method All Property Pursuant to IRC Section 168b)3)D) the Taxpayer elects to use the straight line method of depreciation in computing the deduction for all property placed in service during the current tax year. |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Improvements | 15,259 | 2,047 | 13,212 | 13,650 |
| Machinery | 12,198 | 12,198 | 12,198 | |
| Hay Shed Improvements | 15,090 | 502 | 14,588 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Supplies | 294 | |||
| Utilities | 1,707 | |||
| Fundraiser Winner | 708 | |||
| Fundraising Related Expenses | 4,809 | |||
| Insurance | 1,515 | |||
| License Permits | 140 | |||
| Office Expense | 236 | |||
| Repairs Maintenance | 1,266 | |||
| Bank Charges | 3 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real Estate Taxes | 969 | |||
| Federal Tax due prior to tax exempt status | 886 | |||
| State Tax due prior to tax exempt status | 350 |