| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RETURN PREPARATION AND TAX COMPLIANCE | 5,605 | 0 | 0 | 5,605 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATIONAL COSTS | 2022-09-26 | 2,747 | 229 | 180.000000000000 | 183 | 0 | 0 | 412 |
| ORGANIZATIONAL COSTS | 2023-05-16 | 24,531 | 954 | 180.000000000000 | 1,635 | 0 | 0 | 2,589 |
| ORGANIZATIONAL COSTS | 2023-07-01 | 3,945 | 132 | 180.000000000000 | 263 | 0 | 0 | 395 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TILMOR 520 Y DIESEL CULTIVATION TRACTOR | 2022-12-31 | 50,080 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| IMANTS 33SX210KH SPADING MACHINE WITH POWER HARROW | 2022-12-31 | 27,800 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE 320G - 1T0320GKHPJ442254 | 2022-12-31 | 78,266 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE XUV865M - 1M0865MDPPM060228 | 2022-12-31 | 34,362 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE XUV865M - 1M0865MDEPM060192 | 2022-12-31 | 34,362 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| JOHN DEERE 5075E - 1PY5075EVPR424198 | 2022-12-31 | 74,208 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| MODEL 5 CANDLER/SANITZER/GRADER | 2023-07-01 | 43,900 | 940 | 200DB | 7.000000000000 | 2,240 | 0 | 0 | |
| MODEL 2670M RAISED BED PLASTIC MULCH LAYER | 2023-07-01 | 64,203 | 1,375 | 200DB | 7.000000000000 | 3,276 | 0 | 0 | |
| 056-40000-200 LENCO 5 FT PULL TYPE STONE PICKER | 2023-07-01 | 38,880 | 833 | 200DB | 7.000000000000 | 1,984 | 0 | 0 | |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 2023-07-01 | 41,274 | 884 | 200DB | 7.000000000000 | 2,106 | 0 | 0 | |
| JOHN DEERE TEAGLE TOMAHAWK T5050 | 2023-07-01 | 26,781 | 574 | 200DB | 7.000000000000 | 1,366 | 0 | 0 | |
| 2023 FORD TRANSIT 350 - 1FTBW3X89PKA43397 | 2023-05-11 | 92,500 | 3,302 | 200DB | 7.000000000000 | 4,342 | 0 | 0 | |
| 2005 DODGE RAM 1500 - 1D7HU18N65S124370 | 2023-05-24 | 6,000 | 214 | 200DB | 7.000000000000 | 282 | 0 | 0 | |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 2022-12-21 | 57,042 | 57,042 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TRACTOR | 2024-01-08 | 43,000 | SL | 7.000000000000 | 6,143 | 0 | 0 | ||
| SWEET POTATO HARVESTOR | 2024-01-12 | 55,576 | SL | 7.000000000000 | 7,939 | 0 | 0 | ||
| 2019 HINO 268A 24FT REFRIGERATED BODY | 2024-02-05 | 65,777 | SL | 7.000000000000 | 8,614 | 0 | 0 | ||
| 2004 FORD F350 UTILITY BODY | 2024-03-04 | 4,137 | SL | 7.000000000000 | 493 | 0 | 0 | ||
| WASHLINE | 2024-04-01 | 32,410 | SL | 7.000000000000 | 3,473 | 0 | 0 | ||
| TOYOTA TUNDRA 2006 | 2024-04-05 | 4,300 | SL | 7.000000000000 | 461 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| TILMOR 520 Y DIESEL CULTIVATION TRACTOR | 50,080 | 50,080 | 0 | 0 |
| IMANTS 33SX210KH SPADING MACHINE WITH POWER HARROW | 27,800 | 27,800 | 0 | 0 |
| JOHN DEERE 320G - 1T0320GKHPJ442254 | 78,266 | 78,266 | 0 | 0 |
| JOHN DEERE XUV865M - 1M0865MDPPM060228 | 34,362 | 34,362 | 0 | 0 |
| JOHN DEERE XUV865M - 1M0865MDEPM060192 | 34,362 | 34,362 | 0 | 0 |
| JOHN DEERE 5075E - 1PY5075EVPR424198 | 74,208 | 74,208 | 0 | 0 |
| MODEL 5 CANDLER/SANITZER/GRADER | 43,900 | 38,300 | 5,600 | 5,600 |
| MODEL 2670M RAISED BED PLASTIC MULCH LAYER | 64,203 | 56,013 | 8,190 | 8,190 |
| 056-40000-200 LENCO 5 FT PULL TYPE STONE PICKER | 38,880 | 33,921 | 4,959 | 4,959 |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 41,274 | 36,009 | 5,265 | 5,265 |
| JOHN DEERE TEAGLE TOMAHAWK T5050 | 26,781 | 23,365 | 3,416 | 3,416 |
| 2023 FORD TRANSIT 350 - 1FTBW3X89PKA43397 | 92,500 | 81,644 | 10,856 | 10,856 |
| 2005 DODGE RAM 1500 - 1D7HU18N65S124370 | 6,000 | 5,296 | 704 | 704 |
| ORGANIZATIONAL COSTS | 2,747 | 412 | 2,335 | 2,335 |
| ORGANIZATIONAL COSTS | 24,531 | 2,589 | 21,942 | 21,942 |
| ORGANIZATIONAL COSTS | 3,945 | 395 | 3,550 | 3,550 |
| JOHN DEERE 5105M - 1PY5105MHPB000531 | 57,042 | 57,042 | 0 | 0 |
| TRACTOR | 43,000 | 6,143 | 36,857 | 36,857 |
| SWEET POTATO HARVESTOR | 55,576 | 7,939 | 47,637 | 47,637 |
| 2019 HINO 268A 24FT REFRIGERATED BODY | 65,777 | 8,614 | 57,163 | 57,163 |
| 2004 FORD F350 UTILITY BODY | 4,137 | 493 | 3,644 | 3,644 |
| WASHLINE | 32,410 | 3,473 | 28,937 | 28,937 |
| TOYOTA TUNDRA 2006 | 4,300 | 461 | 3,839 | 3,839 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EMPLOYMENT RELATED ISSUES AND DOCUMENT DRAFTING | 3,177 | 0 | 0 | 3,177 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 5,852 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING & MARKETING | 2,118 | 0 | 0 | 2,118 |
| EMPLOYEE TRAINING | 2,823 | 0 | 0 | 2,823 |
| EQUIPMENT RENTAL | 56,423 | 0 | 0 | 56,423 |
| FARM SUPPLIES AND TOOLS | 264,225 | 0 | 0 | 264,225 |
| FEED | 73,082 | 0 | 0 | 73,082 |
| INSURANCE EXPENSE | 54,484 | 0 | 0 | 54,484 |
| MISCELLANEOUS | 3,520 | 0 | 0 | 3,520 |
| OFFICE EXPENSES | 15,852 | 0 | 0 | 15,852 |
| POULTRY | 21,720 | 0 | 0 | 21,720 |
| REPAIR AND MAINTENANCE | 58,626 | 0 | 0 | 58,626 |
| SEED | 77,445 | 0 | 0 | 77,445 |
| TESTING EXPENSES | 1,534 | 0 | 0 | 1,534 |
| AMORTIZATION | 2,081 | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| WRITE OFF STALE CHECK | 2,138 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 0 | 33,549 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 177 | 0 | 0 | 177 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 1,000 | 0 | 0 | 1,000 |