| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CBIZ MARKS PANETH | 21,500 | 0 | 10,750 | 10,750 |
| JACQUALYN MANNING - BOOKKEEPING | 4,950 | 0 | 2,475 | 2,475 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| LEASE COSTS | 2019-09-24 | 17,815 | 15,214 | 60.000000000000 | 2,601 | 0 | 0 | 17,815 |
| ORGANIZATIONAL EXPENSES | 2019-01-01 | 6,980 | 6,980 | 60.000000000000 | 0 | 0 | 6,980 | |
| ORGANIZATIONAL EXPENSES | 2019-01-31 | 2,163 | 2,129 | 60.000000000000 | 34 | 0 | 0 | 2,163 |
| ORGANIZATIONAL EXPENSES | 2019-02-25 | 508 | 493 | 60.000000000000 | 15 | 0 | 0 | 508 |
| ORGANIZATIONAL EXPENSES | 2019-08-27 | 70 | 61 | 60.000000000000 | 9 | 0 | 0 | 70 |
| ORGANIZATIONAL EXPENSES | 2019-08-30 | 6,278 | 5,443 | 60.000000000000 | 835 | 0 | 0 | 6,278 |
| WEBSITE | 2020-07-14 | 27,500 | 27,500 | 36.000000000000 | 0 | 0 | 27,500 | |
| WEBSITE | 2024-01-01 | 28,379 | 36.000000000000 | 9,460 | 0 | 0 | 9,460 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| WOODWORKING BENCH | 2019-12-18 | 2,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2019-07-01 | 37,817 | SL | 15.000000000000 | 0 | 0 | 0 | ||
| EQUIPMENT | 2019-12-31 | 2,963 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| WOODWORKING BENCH | 2020-07-01 | 3,141 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| EQUIPMENT | 2020-02-24 | 6,000 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| TURNING LATHES & MILLING MACHINES | 2020-03-04 | 766,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2020-08-14 | 9,474 | SL | 15.000000000000 | 0 | 0 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2020-12-01 | 6,256 | SL | 15.000000000000 | 0 | 0 | 0 | ||
| FURNITURE | 2021-03-05 | 4,770 | 4,770 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE | 2022-04-18 | 14,250 | 4,750 | SL | 5.000000000000 | 2,850 | 0 | 2,850 | |
| FURNITURE | 2022-10-14 | 1,200 | 300 | SL | 5.000000000000 | 240 | 0 | 240 | |
| YATES Y36 BAND SAW | 2020-03-05 | 14,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| YATES Y16 BAND SAW | 2020-03-05 | 2,700 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| YATES JOINTER H32 | 2020-03-05 | 12,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| OLIVER 25B LATHE | 2020-03-05 | 12,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| MARTIN T-17 TABLE SAW | 2020-03-05 | 29,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| BAURELE DM 71 PLANER | 2020-03-05 | 18,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| FURNITURE | 2023-12-05 | 2,398 | 40 | SL | 5.000000000000 | 480 | 0 | 480 | |
| HT DUST COLLECTION SYSTEM | 2024-10-18 | 5,609 | SL | 5.000000000000 | 561 | 0 | 561 | ||
| CNC CONTROLLER | 2024-01-24 | 2,000 | SL | 5.000000000000 | 200 | 0 | 200 | ||
| EQUIPMENT | 2020-02-24 | 1,500 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| ONGOING RENOVATION OF FACILITY | 2024-07-01 | 600,807 | 0 % | 0 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF EQUIPMENT - MARTIN T-17 TABLE SAW | 2020-03 | PURCHASED | 2024-08 | 6,500 | COST | 0 | 6,500 | |||
| SALE OF EQUIPMENT | 2020-02 | PURCHASED | 2024-08 | 1,800 | COST | 0 | 1,800 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WOODWORKING BENCH | 2,500 | 2,500 | 0 | |
| EQUIPMENT | 2,963 | 2,963 | 0 | |
| ORGANIZATIONAL EXPENSES | 6,980 | 6,980 | 0 | |
| ORGANIZATIONAL EXPENSES | 2,163 | 2,163 | 0 | |
| ORGANIZATIONAL EXPENSES | 508 | 508 | 0 | |
| ORGANIZATIONAL EXPENSES | 70 | 70 | 0 | |
| ORGANIZATIONAL EXPENSES | 6,278 | 6,278 | 0 | |
| WOODWORKING BENCH | 3,141 | 3,141 | 0 | |
| EQUIPMENT | 6,000 | 6,000 | 0 | |
| TURNING LATHES & MILLING MACHINES | 766,500 | 766,500 | 0 | |
| WEBSITE | 27,500 | 27,500 | 0 | |
| FURNITURE | 4,770 | 4,770 | 0 | |
| FURNITURE | 14,250 | 7,600 | 6,650 | |
| FURNITURE | 1,200 | 540 | 660 | |
| YATES Y36 BAND SAW | 14,500 | 14,500 | 0 | |
| YATES Y16 BAND SAW | 2,700 | 2,700 | 0 | |
| YATES JOINTER H32 | 12,500 | 12,500 | 0 | |
| OLIVER 25B LATHE | 12,500 | 12,500 | 0 | |
| BAURELE DM 71 PLANER | 18,500 | 18,500 | 0 | |
| FURNITURE | 2,398 | 520 | 1,878 | |
| WEBSITE | 28,379 | 9,460 | 18,919 | |
| HT DUST COLLECTION SYSTEM | 5,609 | 561 | 5,048 | |
| CNC CONTROLLER | 2,000 | 200 | 1,800 | |
| ONGOING RENOVATION OF FACILITY | 600,807 | 0 | 600,807 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KAPLIN STEWART | 1,211 | 0 | 606 | 605 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCUMULATED AMORTIZATION | -57,820 | -52,959 | -52,959 |
| ORGANIZATIONAL EXPENSES | 15,998 | 15,998 | 15,998 |
| LEASE COSTS | 17,815 | 0 | 0 |
| SECURITY DEPOSITS | 35,610 | 1,741 | 1,741 |
| WEBSITE | 55,879 | 55,879 | 55,879 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 8,534 | 0 | 0 | 8,534 |
| REPAIRS AND MAINTENANCE | 123,249 | 0 | 0 | 123,249 |
| INSURANCE | 17,155 | 0 | 0 | 17,155 |
| SECURITY MONITORING | 191 | 0 | 0 | 191 |
| SUPPLIES | 7,318 | 0 | 0 | 7,318 |
| ADVERTISING & PROMOTIONS | 2,174 | 0 | 0 | 2,174 |
| BANK AND CREDIT CARD CHARGES | 2,397 | 0 | 0 | 2,397 |
| FILING FEES | 277 | 0 | 0 | 277 |
| COST OF GOODS SOLD | 17,313 | 0 | 0 | 17,313 |
| INTERNSHIP STIPEND | 5,349 | 0 | 0 | 5,349 |
| MEALS & ENTERTAINMENT | 1,592 | 0 | 0 | 1,592 |
| MOVING EXPENSES | 13,003 | 0 | 0 | 13,003 |
| TRAINING | 1,500 | 0 | 0 | 1,500 |
| UTILITIES | 7,004 | 0 | 0 | 7,004 |
| AMORTIZATION | 12,954 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM SERVICE REVENUE | 17,822 | 17,822 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS(LOSSES) | 500 |
| DONATED STORAGE | 9,800 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NYS FILING FEE | 50 | 0 | 0 | 50 |