| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 9,500 | 9,500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2024-08-05 | 1,986,659 | S/L | 27.5000 | 27,091 | ||||
| LAND | 2024-08-05 | 496,665 | |||||||
| HP LAPTOP | 2022-04-22 | 1,604 | 492 | S/L | 5.0000 | 222 | |||
| HP LAPTOP | 2022-04-22 | 1,604 | 492 | S/L | 5.0000 | 222 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 1,989,867 | 28,519 | 1,961,348 | 2,458,013 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 4,815 | 4,815 | ||
| BANK SERVICE CHARGES | 2,122 | 2,122 | ||
| INSURANCE | 14,547 | 14,547 | ||
| MERCHANT ACCOUNT FEES | 1,663 | 1,663 | ||
| OFFICE SUPPLIES AND EXPENSE | 8,910 | 8,910 | ||
| PRODUCTS | 622,588 | 622,588 | ||
| PURCHASES | 895 | 895 | ||
| SECURITY EXPENSES | 658 | 658 | ||
| SOFTWARE & APPS | 1,700 | 1,700 | ||
| VEHICLE EXPENSE | 41 | 41 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE - BUILDING | 2,475,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTOR FEES | 115,022 | 115,022 | ||
| LEGAL FEES | 97,994 | 97,994 | ||
| PAYROLL FEES | 3,606 | 3,606 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSES & FEES | 470 | 470 | ||
| 451 N STATE RD 7 | 63 | 63 |