| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KATZ, SAPPER & MILLER | 7,000 | 3,500 | 0 | 3,500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 17127 RUSHMORE DR, WESTFIELD, IN | 2017-07-05 | 191,433 | 41,766 | SL | 27.500000000000 | 6,961 | 0 | 0 | |
| LAPTOP - SHAY | 2019-05-26 | 957 | 876 | SL | 5.000000000000 | 81 | 0 | 0 | |
| 2 COMPUTERS | 2019-09-22 | 1,567 | 1,330 | SL | 5.000000000000 | 237 | 0 | 0 | |
| WEBSITE | 2019-10-10 | 1,410 | 1,199 | SL | 5.000000000000 | 211 | 0 | 0 | |
| SECTIONAL FURNITURE | 2020-08-06 | 2,265 | 1,107 | SL | 7.000000000000 | 324 | 0 | 0 | |
| KITCHEN REMODEL | 2022-06-15 | 11,509 | 663 | SL | 27.500000000000 | 419 | 0 | 0 | |
| ROOF | 2023-02-23 | 5,803 | 176 | SL | 27.500000000000 | 211 | 0 | 0 | |
| REBUILD CHIMNEY | 2023-06-14 | 8,444 | 179 | SL | 27.500000000000 | 307 | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART VI-B, LINES 1A(3), 1A(4) AND 1B | PART VI-B, LINE 1A(3) HAS BEEN ANSWERED "YES" BECAUSE ROBERT SCANNELL IS A SUBSTANTIAL CONTRIBUTOR TO RJS FOUNDATION, INC AND THEREFORE A DISQUALIFIED PERSON. HE PROVIDES "SERVICE" TO THE ORGANIZATION BY SERVING ON ITS BOARD. LINE 1A(4) HAS BEEN ANSWERED "YES" BECAUSE PATRICIA SCANNELL IS ROBERT SCANNELL'S SPOUSE AND IS COMPENSATED BY RJS FOUNDATION FOR HER SERVICE AS EXECUTIVE DIRECTOR. LINE 1B IS ANSWERED "NO" BECAUSE ROBERT SCANNELL IS NOT COMPENSATED AND HIS SERVICE QUALIFIES UNDER THE EXCEPTIONS DESCRIBED IN REGULATIONS SECTION 53.4941(D)-3. PATRICIA SCANNELL'S COMPENSATION ALSO QUALIFIES UNDER THESE EXCEPTIONS. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 17127 RUSHMORE DR, WESTFIELD, IN | 191,433 | 48,727 | 142,706 | |
| LAPTOP - SHAY | 957 | 957 | 0 | |
| 2 COMPUTERS | 1,567 | 1,567 | 0 | |
| WEBSITE | 1,410 | 1,410 | 0 | |
| SECTIONAL FURNITURE | 2,265 | 1,431 | 834 | |
| KITCHEN REMODEL | 11,509 | 1,082 | 10,427 | |
| ROOF | 5,803 | 387 | 5,416 | |
| REBUILD CHIMNEY | 8,444 | 486 | 7,958 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 28,723 | 0 | 0 | 28,723 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE | 162 | 0 | 0 | 162 |
| MEALS | 2,465 | 0 | 0 | 1,849 |
| MISCELLANEOUS | 16,703 | 0 | 0 | 8,352 |
| INSURANCE | 1,657 | 0 | 0 | 1,657 |
| BUTTERFLY HOUSE PROGRAM | 20,535 | 0 | 3,183 | 17,352 |
| QUICKBOOKS SUBSCRIPTION | 180 | 0 | 0 | 180 |
| MARKETING | 4,902 | 0 | 0 | 4,902 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST ON NOTE | 237,500 | 237,500 | |
| RENTAL INCOME | 12,658 | 12,658 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCES | 331,540 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 400 | 500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 9,475 | 0 | 9,475 | 0 |
| FEDERAL EXCISE TAX ON INVESTMENTS | 12,449 | 0 | 0 | 0 |
| PAYROLL TAXES | 15,030 | 0 | 0 | 4,974 |