| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 1,840 | 920 | 920 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| JOINER | 2020-01-01 | 100 | 100 | 200DB | 7.0000 | ||||
| RADIAL SAW | 2020-01-01 | 100 | 100 | 200DB | 7.0000 | ||||
| DUST COLLECTOR | 2020-01-01 | 200 | 200 | 200DB | 7.0000 | ||||
| JET 20" PLANER | 2020-01-01 | 500 | 500 | 200DB | 7.0000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 900 | 900 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| MATERIALS & SUPPLIES | 6,530 | 6,530 | ||
| SUBCONTRACTOR EXPENSE | 1,649 | 569 | 1,080 | |
| EQUIPMENT RENTAL & MAINTENANC | 433 | 433 | ||
| SMALL TOOLS & EQUIPMENT | ||||
| PAYROLL PROCESSING FEEE | 84 | 84 | ||
| BENEFITS PAID TO MEMBERS | 4,052 | 4,053 | ||
| POSTAGE | 24 | 24 | ||
| STORAGE | 1,840 | 1,840 | ||
| ROUNDING | -1 | -1 | -1 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM SERVICE REVENUE | 19,913 | 19,913 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE | 6,250 | 6,250 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS REGISTRATION | 25 | 25 | ||
| PROPERTY TAX | 153 | 153 |