| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Land Building and Improvement | 2012-05-31 | 426,059 | 125,021 | SL | 39 | 10,925 | 0 | 0 | |
| 2000 Dodger Truck | 2012-05-24 | 11,684 | 11,684 | SL | 7 | 0 | 0 | 0 | |
| Harrow | 2012-12-17 | 970 | 970 | SL | 7 | 0 | 0 | 0 | |
| 1993 Turnbow 2 horse | 2012-05-26 | 2,500 | 2,500 | SL | 5 | 0 | 0 | 0 | |
| 2007 Sundown 3 horse | 2012-11-20 | 15,000 | 15,000 | SL | 10 | 0 | 0 | 0 | |
| Isolation barn | 2013-05-01 | 3,600 | 972 | SL | 39 | 92 | 0 | 0 | |
| Misting system | 2013-07-05 | 4,191 | 4,191 | SL | 7 | 0 | 0 | 0 | |
| Patio furniture | 2013-05-01 | 1,636 | 1,636 | SL | 7 | 0 | 0 | 0 | |
| Inland kubota tractor | 2014-05-05 | 15,252 | 15,252 | SL | 7 | 0 | 0 | 0 | |
| Equipment | 2011-09-06 | 10,400 | 10,400 | SL | 7 | 0 | 0 | 0 | |
| Barn electrical improvement | 2017-10-09 | 16,253 | 3,061 | SL | 33 | 493 | 0 | 0 | |
| Mare motel improvement | 2017-12-23 | 5,000 | 1,531 | SL | 20 | 250 | 0 | 0 | |
| Olafs paddock improvement | 2019-05-28 | 5,000 | 1,125 | SL | 20 | 250 | 0 | 0 | |
| Building improvement | 2021-05-04 | 22,886 | 12,205 | SL | 5 | 4,577 | 0 | 0 | |
| 2011 Flat bed cart | 2022-05-23 | 6,000 | 1,357 | SL | 7 | 857 | 0 | 0 | |
| Warmblood row improvements | 2023-02-02 | 4,500 | 206 | SL | 20 | 225 | 0 | 0 | |
| 2002 John Deere tractor | 2024-04-22 | 24,938 | 0 | SL | 7 | 1,781 | 0 | 0 | |
| West paddock improvements | 2024-06-06 | 50,600 | 0 | SL | 20 | 1,265 | 0 | 0 | |
| HVAC unit | 2024-07-22 | 15,400 | 0 | SL | 27.5 | 257 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | Mortage |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 990,000 |
| Balance Due | 724,775 |
| Date of Note | 2012-05 |
| Maturity Date | 2022-06 |
| Repayment Terms | |
| Interest Rate | 7.75 |
| Security Provided by Borrower | land and bldgs |
| Purpose of Loan | purchase facility |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Amount |
|---|---|
| Depreciation tax vs book | 781 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Hay and feed | 230,391 | 0 | 0 | 0 |
| Stable care and maintenance | 211,672 | 0 | 0 | 0 |
| Equine care and supplies | 112,355 | 0 | 0 | 0 |
| Veterinary care | 92,573 | 0 | 0 | 0 |
| Bedding | 47,711 | 0 | 0 | 0 |
| Training and rehabilitation | 86,863 | 0 | 0 | 0 |
| Farrier | 39,025 | 0 | 0 | 0 |
| Legal and accounting fees | 4,946 | 0 | 0 | 0 |
| Property insurance | 11,942 | 0 | 0 | 0 |
| Other program expenses | 10,849 | 0 | 0 | 0 |
| Fundraising and special events | 3,624 | 0 | 0 | 0 |
| Bank and merchant fees | 4,669 | 0 | 0 | 0 |
| Automobile expenses | 3,441 | 0 | 0 | 0 |
| Travel and meeting | 2,794 | 0 | 0 | 0 |
| Office and management expense | 248 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property tax | 29,500 | 0 | 0 | 0 |