| 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 |
|---|---|---|---|---|---|---|---|---|---|
| PRODUCTION STUDIO | 2008-01-01 | 2,716,571 | 1,114,496 | SL | 39.000000000000 | 69,656 | 0 | 69,656 | |
| LAND | 2004-06-11 | 194,840 | L | 0 | 0 | 0 | |||
| EQUIPMENT | 2008-01-01 | 283,677 | 283,677 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CAMERA | 2008-01-31 | 16,966 | 16,966 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2008-01-01 | 79,965 | 79,965 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LOW VOLT EQUIP | 2008-01-01 | 21,344 | 21,344 | SL | 5.000000000000 | 0 | 0 | 0 | |
| SOUND EQUIPMENT | 2008-07-31 | 38,444 | 38,444 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FULLY DEPRECIATED | 1996-12-17 | 28,640 | 28,640 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CAMERA EQUIPMENT | 2009-04-22 | 11,184 | 11,184 | SL | 5.000000000000 | 0 | 0 | 0 | |
| GENERATOR | 2009-10-13 | 68,170 | 68,170 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COSTA RICA FIXED ASSETS | 2009-12-31 | 5,413,416 | 3,513,856 | SL | 0 % | 74,344 | 0 | 74,344 | |
| APPLE MAC COMPUTER | 2010-10-14 | 2,772 | 2,772 | SL | 5.000000000000 | 0 | 0 | 0 | |
| WIRELESS MONITOR | 2010-10-29 | 2,918 | 2,918 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2011-09-30 | 3,368 | 3,368 | SL | 5.000000000000 | 0 | 0 | 0 | |
| DEHUMIDIFER | 2011-10-03 | 2,500 | 2,500 | SL | 5.000000000000 | 0 | 0 | 0 | |
| B&H VIDEO | 2012-09-28 | 9,125 | 9,125 | SL | 5.000000000000 | 0 | 0 | 0 | |
| 360 EQUIPMENT FOR TOURS | 2013-02-28 | 2,397 | 2,397 | SL | 5.000000000000 | 0 | 0 | 0 | |
| JVC JVGCPX100 | 2013-05-27 | 999 | 999 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CANNON CA5D3 EOS 5D MARK III | 2013-05-28 | 3,299 | 3,299 | SL | 5.000000000000 | 0 | 0 | 0 | |
| BUILDING | 2010-12-31 | 220,350 | NC | 0 % | 0 | 0 | 0 | ||
| FURNITURE | 2020-01-01 | 1,000 | 572 | SL | 7.000000000000 | 143 | 0 | 143 | |
| MOTORBIKE | 2020-01-01 | 1,099 | 880 | SL | 5.000000000000 | 219 | 0 | 219 | |
| OFFICE | 2020-01-01 | 46,058 | 4,724 | SL | 39.000000000000 | 1,181 | 0 | 1,181 | |
| TOYOTA RAV 4 | 2020-01-01 | 36,000 | 28,800 | SL | 5.000000000000 | 7,200 | 0 | 7,200 | |
| LAND | 2020-01-01 | 21,886 | L | 0 | 0 | 0 | |||
| PERIMETER WALL/FENCE/GATE | 2020-01-01 | 9,877 | 2,632 | SL | 15.000000000000 | 658 | 0 | 658 | |
| TENT | 2020-01-01 | 3,500 | 2,000 | SL | 7.000000000000 | 500 | 0 | 500 | |
| 2020 FORD EXPLORER | 2020-05-01 | 41,302 | 30,287 | SL | 5.000000000000 | 8,260 | 0 | 8,260 | |
| HVAC UNITS | 2021-01-22 | 62,125 | 4,646 | SL | 39.000000000000 | 1,593 | 0 | 1,593 | |
| ROOF SHINGLES | 2021-06-21 | 68,200 | 4,372 | SL | 39.000000000000 | 1,749 | 0 | 1,749 | |
| ROOF WOOD | 2021-08-09 | 3,840 | 237 | SL | 39.000000000000 | 98 | 0 | 98 | |
| SECURITY CAMERAS | 2021-06-01 | 11,520 | 5,952 | SL | 5.000000000000 | 2,304 | 0 | 2,304 | |
| SECURITY CAMERAS | 2021-07-01 | 2,930 | 1,465 | SL | 5.000000000000 | 586 | 0 | 586 | |
| LAPTOP AND ROUTER | 2021-01-01 | 1,687 | 1,011 | SL | 5.000000000000 | 337 | 0 | 337 | |
| FURNITURE | 2021-01-01 | 5,937 | 2,544 | SL | 7.000000000000 | 848 | 0 | 848 | |
| KENYA TRAINING CENTER | 2021-01-01 | 99,236 | 7,635 | SL | 39.000000000000 | 2,545 | 0 | 2,545 | |
| PERIMETER WALL/FENCE/GATE | 2021-01-01 | 18,813 | 3,762 | SL | 15.000000000000 | 1,254 | 0 | 1,254 | |
| STUDIOS - TECHNICAL EQUIPMENT | 2022-06-30 | 165,311 | 49,593 | SL | 5.000000000000 | 33,062 | 0 | 33,062 | |
| FURNITURE & EQUIPMENT | 2022-06-30 | 22,132 | 4,743 | SL | 7.000000000000 | 3,162 | 0 | 3,162 | |
| IPAD | 2022-03-04 | 1,600 | 587 | SL | 5.000000000000 | 320 | 0 | 320 | |
| KENYA BARRACKS | 2022-06-30 | 81,842 | 3,148 | SL | 39.000000000000 | 2,099 | 0 | 2,099 | |
| MATTRESSES (18) | 2022-06-02 | 4,289 | 970 | SL | 7.000000000000 | 613 | 0 | 613 | |
| BED FRAMES (18) | 2022-06-25 | 3,607 | 773 | SL | 7.000000000000 | 515 | 0 | 515 | |
| TV WALL UNIT | 2022-06-10 | 1,089 | 247 | SL | 7.000000000000 | 156 | 0 | 156 | |
| REFRIGERATOR | 2022-06-07 | 2,136 | 483 | SL | 7.000000000000 | 305 | 0 | 305 | |
| WASHING MACHINE | 2022-06-07 | 2,543 | 575 | SL | 7.000000000000 | 363 | 0 | 363 | |
| STANDING COOKER | 2022-06-08 | 848 | 192 | SL | 7.000000000000 | 121 | 0 | 121 | |
| DEEP FREEZER | 2022-06-10 | 1,272 | 288 | SL | 7.000000000000 | 182 | 0 | 182 | |
| DINING TABLES AND CHAIRS | 2022-06-27 | 7,380 | 1,581 | SL | 7.000000000000 | 1,054 | 0 | 1,054 | |
| OFFICE TABLE | 2022-08-03 | 510 | 103 | SL | 7.000000000000 | 73 | 0 | 73 | |
| LAPTOP AND BAG | 2022-10-18 | 627 | 146 | SL | 5.000000000000 | 125 | 0 | 125 | |
| SOUND SYSTEM W/AMPLIFIER | 2022-07-04 | 2,137 | 641 | SL | 5.000000000000 | 427 | 0 | 427 | |
| LIGHTS FOR VIDEO RECORDING | 2022-12-03 | 1,272 | 275 | SL | 5.000000000000 | 254 | 0 | 254 | |
| EQUIPMENT SHED | 2022-09-03 | 3,230 | 287 | SL | 15.000000000000 | 215 | 0 | 215 | |
| MOTORCYCLE | 2022-02-01 | 1,110 | 426 | SL | 5.000000000000 | 222 | 0 | 222 | |
| ADDITIONAL WIRING, LIGHTS AND SOCKETS | 2022-12-16 | 3,000 | 77 | SL | 39.000000000000 | 77 | 0 | 77 | |
| PARKING LOT ADDITION | 2022-06-02 | 1,958 | 207 | SL | 15.000000000000 | 131 | 0 | 131 | |
| CONCRETE FLOOR AT GATE | 2022-04-04 | 1,280 | 149 | SL | 15.000000000000 | 85 | 0 | 85 | |
| ELEVATED WATER TANKS (2) | 2022-03-04 | 5,309 | 649 | SL | 15.000000000000 | 354 | 0 | 354 | |
| SOCIAL MEDIA RECORDING STUDIO EQUIPMENT | 2022-10-05 | 13,466 | 3,366 | SL | 5.000000000000 | 2,693 | 0 | 2,693 | |
| VIDEO PRODUCTION EQUIPMENT | 2022-10-24 | 6,758 | 1,577 | SL | 5.000000000000 | 1,352 | 0 | 1,352 | |
| CULVERTS FOR WATER CONTROL | 2022-07-02 | 1,696 | 170 | SL | 15.000000000000 | 113 | 0 | 113 | |
| LIGHTING | 2022-12-27 | 8,510 | 1,702 | SL | 5.000000000000 | 1,702 | 0 | 1,702 | |
| MUSICAL INSTRUMENTS (REPOSSESSED ASSETS) | 2023-08-31 | 57,169 | 3,811 | SL | 5.000000000000 | 11,434 | 0 | 11,434 | |
| MICROPHONES (REPOSSESSED ASSETS) | 2023-08-31 | 72,087 | 4,806 | SL | 5.000000000000 | 14,417 | 0 | 14,417 | |
| EQUIPMENT (REPOSSESSED ASSETS) | 2023-08-31 | 182,744 | 12,183 | SL | 5.000000000000 | 36,549 | 0 | 36,549 | |
| STUDIO EQUIPMENT | 2023-08-31 | 191,373 | 12,758 | SL | 5.000000000000 | 38,275 | 0 | 38,275 | |
| CHYRONHEGO EQUIPMENT | 2017-06-22 | 276,937 | 276,937 | SL | 5.000000000000 | 0 | 0 | 0 | |
| B&H VIDEO EQUIPMENT | 2017-09-05 | 54,103 | 54,103 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VIDEO EQUIPMENT | 2017-09-08 | 27,774 | 27,774 | SL | 5.000000000000 | 0 | 0 | 0 | |
| B&H VIDEO EQUIPMENT | 2018-05-04 | 17,395 | 17,395 | SL | 5.000000000000 | 0 | 0 | 0 | |
| EDITSHARE SOFTWARE | 2018-05-04 | 14,200 | 14,200 | SL | 3.000000000000 | 0 | 0 | 0 | |
| CAMERA, STORAGE DEVICES AND LIGHTING EQUIP | 2023-09-04 | 2,174 | 145 | SL | 5.000000000000 | 435 | 0 | 435 | |
| STUDIO EQUIPMENT | 2024-03-07 | 46,983 | SL | 5.000000000000 | 7,831 | 0 | 7,831 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| SCHEDULE OF CONTROLLED ENTITIES | FORM 990-PF, SCHEDULE OF CONTROLLED ENTITIES, PART VI-A, LINE 11 | FCN NETWORKS (RWANDA) LTD98-0694539AVENUE DE LA JUSTICE P.O. BOX 6679KILGALI, RWANDAEXCESS BUSINESS HOLDING - NO |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PRODUCTION STUDIO | 2,716,571 | 1,184,152 | 1,532,419 | |
| LAND | 194,840 | 0 | 194,840 | |
| EQUIPMENT | 283,677 | 283,677 | 0 | |
| CAMERA | 16,966 | 16,966 | 0 | |
| FURNITURE & FIXTURES | 79,965 | 79,965 | 0 | |
| LOW VOLT EQUIP | 21,344 | 21,344 | 0 | |
| TRADEMARKS | 109,013 | 109,013 | 0 | |
| SOUND EQUIPMENT | 38,444 | 38,444 | 0 | |
| FULLY DEPRECIATED | 28,640 | 28,640 | 0 | |
| CAMERA EQUIPMENT | 11,184 | 11,184 | 0 | |
| GENERATOR | 68,170 | 68,170 | 0 | |
| COSTA RICA FIXED ASSETS | 5,413,416 | 3,588,200 | 1,825,216 | |
| APPLE MAC COMPUTER | 2,772 | 2,772 | 0 | |
| WIRELESS MONITOR | 2,918 | 2,918 | 0 | |
| COMPUTER | 3,368 | 3,368 | 0 | |
| DEHUMIDIFER | 2,500 | 2,500 | 0 | |
| B&H VIDEO | 9,125 | 9,125 | 0 | |
| 360 EQUIPMENT FOR TOURS | 2,397 | 2,397 | 0 | |
| JVC JVGCPX100 | 999 | 999 | 0 | |
| CANNON CA5D3 EOS 5D MARK III | 3,299 | 3,299 | 0 | |
| FURNITURE | 1,000 | 715 | 285 | |
| MOTORBIKE | 1,099 | 1,099 | 0 | |
| OFFICE | 46,058 | 5,905 | 40,153 | |
| TOYOTA RAV 4 | 36,000 | 36,000 | 0 | |
| LAND | 21,886 | 0 | 21,886 | |
| PERIMETER WALL/FENCE/GATE | 9,877 | 3,290 | 6,587 | |
| TENT | 3,500 | 2,500 | 1,000 | |
| 2020 FORD EXPLORER | 41,302 | 38,547 | 2,755 | |
| HVAC UNITS | 62,125 | 6,239 | 55,886 | |
| ROOF SHINGLES | 68,200 | 6,121 | 62,079 | |
| ROOF WOOD | 3,840 | 335 | 3,505 | |
| SECURITY CAMERAS | 11,520 | 8,256 | 3,264 | |
| SECURITY CAMERAS | 2,930 | 2,051 | 879 | |
| LAPTOP AND ROUTER | 1,687 | 1,348 | 339 | |
| FURNITURE | 5,937 | 3,392 | 2,545 | |
| KENYA TRAINING CENTER | 99,236 | 10,180 | 89,056 | |
| PERIMETER WALL/FENCE/GATE | 18,813 | 5,016 | 13,797 | |
| STUDIOS - TECHNICAL EQUIPMENT | 165,311 | 82,655 | 82,656 | |
| FURNITURE & EQUIPMENT | 22,132 | 7,905 | 14,227 | |
| IPAD | 1,600 | 907 | 693 | |
| KENYA BARRACKS | 81,842 | 5,247 | 76,595 | |
| MATTRESSES (18) | 4,289 | 1,583 | 2,706 | |
| BED FRAMES (18) | 3,607 | 1,288 | 2,319 | |
| TV WALL UNIT | 1,089 | 403 | 686 | |
| REFRIGERATOR | 2,136 | 788 | 1,348 | |
| WASHING MACHINE | 2,543 | 938 | 1,605 | |
| STANDING COOKER | 848 | 313 | 535 | |
| DEEP FREEZER | 1,272 | 470 | 802 | |
| DINING TABLES AND CHAIRS | 7,380 | 2,635 | 4,745 | |
| OFFICE TABLE | 510 | 176 | 334 | |
| LAPTOP AND BAG | 627 | 271 | 356 | |
| SOUND SYSTEM W/AMPLIFIER | 2,137 | 1,068 | 1,069 | |
| LIGHTS FOR VIDEO RECORDING | 1,272 | 529 | 743 | |
| EQUIPMENT SHED | 3,230 | 502 | 2,728 | |
| MOTORCYCLE | 1,110 | 648 | 462 | |
| ADDITIONAL WIRING, LIGHTS AND SOCKETS | 3,000 | 154 | 2,846 | |
| PARKING LOT ADDITION | 1,958 | 338 | 1,620 | |
| CONCRETE FLOOR AT GATE | 1,280 | 234 | 1,046 | |
| ELEVATED WATER TANKS (2) | 5,309 | 1,003 | 4,306 | |
| SOCIAL MEDIA RECORDING STUDIO EQUIPMENT | 13,466 | 6,059 | 7,407 | |
| VIDEO PRODUCTION EQUIPMENT | 6,758 | 2,929 | 3,829 | |
| CULVERTS FOR WATER CONTROL | 1,696 | 283 | 1,413 | |
| LIGHTING | 8,510 | 3,404 | 5,106 | |
| MUSICAL INSTRUMENTS (REPOSSESSED ASSETS) | 57,169 | 15,245 | 41,924 | |
| MICROPHONES (REPOSSESSED ASSETS) | 72,087 | 19,223 | 52,864 | |
| EQUIPMENT (REPOSSESSED ASSETS) | 182,744 | 48,732 | 134,012 | |
| STUDIO EQUIPMENT | 191,373 | 51,033 | 140,340 | |
| CHYRONHEGO EQUIPMENT | 276,937 | 276,937 | 0 | |
| B&H VIDEO EQUIPMENT | 54,103 | 54,103 | 0 | |
| VIDEO EQUIPMENT | 27,774 | 27,774 | 0 | |
| B&H VIDEO EQUIPMENT | 17,395 | 17,395 | 0 | |
| EDITSHARE SOFTWARE | 14,200 | 14,200 | 0 | |
| CAMERA, STORAGE DEVICES AND LIGHTING EQUIP | 2,174 | 580 | 1,594 | |
| STUDIO EQUIPMENT | 46,983 | 7,831 | 39,152 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM RELATED INVESTMENT | 12,956,428 | 12,956,428 | 12,956,428 |
| EMPLOYEE ADVANCES | 406 | 0 | 0 |
| PREPAID EXPENSES | 4,523 | 1,805 | 1,805 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 147,807 | 22,171 | 0 | 125,638 |
| BROADCASTING EXPENSES | 18,159 | 0 | 0 | 18,159 |
| REPAIRS | 104,253 | 2,890 | 0 | 101,363 |
| INSURANCE | 43,231 | 33,896 | 0 | 9,335 |
| INTERNET FEES | 2,595 | 0 | 0 | 2,595 |
| TRAINING CENTER | 1,515 | 0 | 0 | 1,515 |
| BAD DEBT | 8,892 | 0 | 0 | 8,892 |
| LICENSES AND PERMITS | 4,137 | 0 | 0 | 4,137 |
| MISCELLANEOUS EXPENSE | 831 | 0 | 0 | 831 |
| CURRENCY CONVERSIONS | 43,458 | 0 | 0 | 43,458 |
| CONFERENCE FEES | 59,899 | 0 | 0 | 59,899 |
| BARRACK SUPPLIES | 37 | 0 | 0 | 37 |
| COMMISSIONS PAID | 9,000 | 0 | 0 | 9,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER CURRENT LIABILITIES | 252,687 | 433,231 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 112,588 | 18,147 | 0 | 94,441 |
| LEGAL FEES | 22,658 | 3,400 | 0 | 19,258 |
| Name | Address |
|---|---|
| DR DECAROL WILLIAMSON |
2618 NEW VILLAGE WAY WILMINGTON,NC28405 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY AND OTHER | 39,962 | 9,457 | 0 | 30,505 |