| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,842 | 2,842 |
| 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 | 2016-09-01 | 9,000 | 4,400 | 15.0000 | 600 | 5,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| STUDIO EQUIPMENT | 2016-09-01 | 5,899 | 5,899 | 200DB | 5.0000 | ||||
| WEBSITE DEVELOPMENT | 2017-11-20 | 6,874 | 2,788 | S/L | 15.0000 | 458 | |||
| BRAND & WEBSITE DEVELOPMENT | 2018-07-18 | 4,743 | 1,713 | S/L | 15.0000 | 316 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 26,516 | 16,174 | 10,342 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISTING | 1,366 | 1,366 | ||
| BANK FEES | 174 | 174 | ||
| DUES & SUBSCRIPTIONS | 10,974 | 10,974 | ||
| INSURANCE | 1,131 | 1,131 | ||
| PROFESSIONAL DEVELOPMENT | 35,425 | 35,425 | ||
| POSTAGE | 40 | 40 | ||
| OFFICE SUPPLIES | 7,146 | 7,146 | ||
| TRAINING & EDUCATION | 350 | 350 | ||
| WEBSITE FEES | 4,427 | 4,427 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| AMERICAN EXPRESS | 7,282 | 2,836 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING SERVICES | 2,189 | 2,189 |