| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 7,105 | 3,553 | 0 | 3,552 |
| ADP Payroll Service | 2,640 | 1,320 | 0 | 1,320 |
| Paypal Fee | 3,610 | 1,805 | 0 | 1,803 |
| 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 | 1999-07-06 | 57,848 | 36,519 | SL | 2.56 % | 1,483 | 1,483 | ||
| Building A | 1999-03-01 | 53,306 | 34,118 | SL | 2.56 % | 1,367 | 1,367 | ||
| Building B | 2000-03-01 | 117,887 | 72,430 | SL | 2.56 % | 3,023 | 3,023 | ||
| Building C | 2000-03-01 | 171,193 | 105,160 | SL | 2.56 % | 4,389 | 4,389 | ||
| New Building | 2001-08-01 | 15,949 | 9,220 | SL | 2.56 % | 409 | 409 | ||
| Buildings | 2001-08-01 | 1,861,858 | 1,076,020 | SL | 2.56 % | 47,738 | 47,738 | ||
| Building Improvements | 2002-08-01 | 84,054 | 46,424 | SL | 2.56 % | 2,155 | 2,155 | ||
| Building Improvements | 2003-08-01 | 798 | 591 | SL | 3.64 % | 29 | 29 | ||
| Fire Walls # 301,302,209, | 2004-04-08 | 3,200 | 1,630 | SL | 2.56 % | 82 | 82 | ||
| Wall | 2004-03-25 | 100 | 59 | SL | 2.56 % | 3 | 3 | ||
| Storm Drain | 2005-09-27 | 4,992 | 2,363 | SL | 2.56 % | 128 | 128 | ||
| Wall unit 105 & 106 | 2006-07-01 | 1,350 | 617 | SL | 2.56 % | 35 | 35 | ||
| Sliding Glass Door | 2009-10-27 | 351 | 187 | SL | 3.64 % | 13 | 13 | ||
| Windows | 2009-11-25 | 1,140 | 586 | SL | 3.64 % | 41 | 41 | ||
| Furnace | 2010-10-26 | 1,102 | 535 | SL | 3.64 % | 40 | 40 | ||
| Furnace | 2010-11-09 | 1,100 | 532 | SL | 3.64 % | 40 | 40 | ||
| Garage Doors | 2010-12-21 | 588 | 277 | SL | 3.64 % | 21 | 21 | ||
| New wall 202 & 201 | 2014-10-28 | 4,172 | 1,003 | SL | 2.56 % | 107 | 107 | ||
| Add bathroom to 201 | 2015-02-03 | 3,200 | 741 | SL | 2.56 % | 82 | 82 | ||
| New bathroom # 201 & 202 | 2015-07-01 | 6,429 | 1,423 | SL | 2.56 % | 165 | 165 | ||
| Equipment | 2019-07-01 | 319 | 301 | 200DB | 5.76 % | 18 | |||
| Office Equip | 2019-07-01 | 1,586 | 1,496 | 200DB | 5.76 % | 90 | |||
| New Gutters | 2021-02-25 | 11,989 | 934 | SL | 2.56 % | 307 | 307 | ||
| HP Printer | 2020-09-22 | 220 | 181 | 200DB | 11.52 % | 25 | |||
| Equipment | 2020-07-01 | 1,464 | 1,211 | 200DB | 11.52 % | 169 | |||
| New Gutters | 2021-08-13 | 17,431 | 1,136 | SL | 2.56 % | 447 | 447 | ||
| PTAC units | 2021-09-14 | 2,005 | 126 | SL | 2.56 % | 51 | 51 | ||
| Washer & Dyer | 2023-01-03 | 1,629 | 847 | 200DB | 19.20 % | 313 | 313 | ||
| PTAC units | 2022-09-15 | 11,926 | 446 | SL | 2.56 % | 306 | 306 | ||
| Dishwasher | 2023-12-21 | 382 | 76 | 200DB | 32.00 % | 122 | 122 | ||
| Carpet | 2023-03-03 | 985 | 197 | 200DB | 32.00 % | 315 | 315 | ||
| Water Heater | 2023-07-11 | 535 | 107 | 200DB | 32.00 % | 171 | 171 | ||
| Flooring | 2023-12-21 | 2,800 | 560 | 200DB | 32.00 % | 896 | 896 | ||
| Water Heater | 2023-07-11 | 690 | 138 | 200DB | 32.00 % | 221 | 221 | ||
| New Roof | 2024-08-22 | 12,492 | SL | 1.97 % | 246 | 246 | |||
| New Cabinets | 2024-08-20 | 1,825 | 200DB | 14.29 % | 261 | 261 | |||
| New Flooring | 2024-08-20 | 4,940 | 200DB | 14.29 % | 706 | 706 | |||
| Hot Water Heaters | 2024-09-20 | 4,214 | 200DB | 20.00 % | 843 | 843 | |||
| New screws and vents for Roof | 2024-09-20 | 24,000 | SL | 1.18 % | 282 | 282 | |||
| New Flooring | 2024-09-20 | 1,843 | 200DB | 14.29 % | 263 | 263 | |||
| New PTAC units for shop | 2024-09-20 | 6,547 | 200DB | 20.00 % | 1,309 | 1,309 | |||
| Ford Expedition | 2024-07-01 | 1,500 | 200DB | 20.00 % | 300 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 3,243,928 | 1,666,664 | 1,577,264 | 9,305,185 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| HWY 217 Flood Plain | FMV | 485,557 | 244,903 |
| Improvements HWY 217 | FMV | 90,697 | 90,697 |
| Mikkelson LID Land | FMV | 203,235 | 203,235 |
| 8811 SW Spruce Lot 1300 | FMV | 3,089 | 42,140 |
| My Shop Comm | AT COST | 19,200 | 19,200 |
| OAK ST LOT | FMV | 220,000 | 32,300 |
| 10225 SW N DAKOTA LOT | AT COST | 189,313 | 42,420 |
| Bitcoin | FMV |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 20,250 | 20,250 | 54,857 | |
| Furniture and Fixtures | 135,770 | 80,913 | 54,857 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal and Professional Fees | 7,506 | 3,753 | 0 | 3,753 |
| Item No. | 1 |
|---|---|
| Lender's Name | Maclellan Foundation |
| Lender's Title | |
| Relationship to Insider | None |
| Original Amount of Loan | 1,000,000 |
| Balance Due | |
| Date of Note | 2016-09 |
| Maturity Date | 2020-08 |
| Repayment Terms | YR pays interst, bal @ matur. |
| Interest Rate | 9.0000 |
| Security Provided by Borrower | Land |
| Purpose of Loan | Fund Expat Loan |
| Description of Lender Consideration | Cash |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Rounding | 2 | 2 |
| Description | Amount |
|---|---|
| Federal Taxes Current | 6,185 |
| Meals & Ent 50% disallowed | 3,444 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Auto Expense | 4,495 | 4,495 | ||
| Bank charges | 3,123 | 3,123 | ||
| Business Meals @ 50% 7313 | 3,443 | 3,443 | ||
| Computer Supplies | 1,983 | 1,983 | ||
| Contract Labor | 2,000 | 2,000 | ||
| Dues | 130 | 130 | ||
| Flood Plain Develop/Survey | 49,481 | 49,481 | ||
| Flood Plain Maint | 4,326 | 4,326 | ||
| General Office Help | 3,500 | 3,500 | ||
| Hospitality | 12,844 | 12,844 | ||
| Insurance | 2,106 | 2,106 | ||
| Internet Expense | 755 | 755 | ||
| Literature expense | 43,500 | 43,500 | ||
| M Promotion | 630 | 630 | ||
| Misc | 15 | 15 | ||
| Misc Storehouse | 100 | 100 | ||
| N Dakota Maintenance | 3,121 | 3,121 | ||
| Office Supplies | 2,646 | 2,646 | ||
| Rental Expenses | 181,162 | 181,162 | ||
| Small Tools | 476 | 476 | ||
| Telephone | 8,402 | 8,402 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Refundable Deposits | 59,414 | 9,210 |
| Last Month Rent | 4,045 | 2,095 |
| WV Refundable Deposit | 53,024 | |
| MIsc | 259 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Taxes | 14,333 | 7,167 | 7,166 | |
| Real Estate Taxes Flood Plain | 2,452 | 2,452 | ||
| Real Estate Taxes N Dakota Lot | 534 | 534 | ||
| Real Estate Taxes Oak St Lot | 519 | 519 | ||
| Taxes & Licenses (653) | 1,358 | 1,358 |