| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 23,228 | 0 | 275 | 36,338 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| EQUIPMENT | 2023-12-31 | 3,334,272 | 2,201,611 | NC | 0 % | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENTS | 2023-12-31 | 385,457 | 194,825 | NC | 0 % | 0 | 0 | 0 | |
| FURNITURE AND FIXTURES | 2023-12-31 | 33,088 | 21,895 | NC | 0 % | 0 | 0 | 0 | |
| VEHICLES | 2023-12-31 | 216,244 | 210,866 | NC | 0 % | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 3,334,272 | 2,201,611 | 1,132,661 | 1,132,661 |
| LEASEHOLD IMPROVEMENTS | 385,457 | 194,825 | 190,632 | 190,632 |
| FURNITURE AND FIXTURES | 33,088 | 21,895 | 11,193 | 11,193 |
| VEHICLES | 216,244 | 210,866 | 5,378 | 5,378 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,400 | 0 | 28 | 2,372 |
| Description | Amount |
|---|---|
| IN-KIND RENTAL EXPENSES | 638,929 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 3,427 | 0 | 22 | 3,406 |
| ANIMAL FEED | 194,592 | 0 | 2,511 | 192,080 |
| ADMINISTRATIVE EXPENSES | 2 | 0 | 0 | 1 |
| COMPUTERS AND TECHNOLOGY | 17,976 | 0 | 82 | 17,893 |
| DUES AND MEMBERSHIPS | 175 | 0 | 4 | 171 |
| EQUIPMENT RENTAL | 26,322 | 0 | 29 | 25,903 |
| FARM SUPPLIES | 276,712 | 0 | 2,161 | 289,196 |
| INSURANCE | 157,218 | 0 | 1,481 | 183,160 |
| LICENSES AND REGISTRATION | 14,398 | 0 | 32 | 14,366 |
| OFFICE SUPPLIES | 18,810 | 0 | 90 | 3,121 |
| POSTAGE AND SHIPPING | 5,769 | 0 | 22 | 5,747 |
| REPAIRS AND MAINTENANCE | 74,824 | 0 | 543 | 73,001 |
| SEEDS AND PLANTS | 80,154 | 0 | 393 | 79,762 |
| TELEPHONE AND INTERNET | 9,572 | 0 | 65 | 9,507 |
| UTILITIES | 78,500 | 0 | 821 | 74,796 |
| VEHICLE EXPENSES | 43,488 | 0 | 409 | 43,080 |
| HONEY PROGRAM | 27,255 | 0 | 0 | 27,255 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SALE OF CROPS AND HARVEST | 10,693 | 10,693 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 26,921 | 0 | 318 | 25,748 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 83,186 | 0 | 675 | 82,511 |
| FEDERAL EXCISE TAX | 247 | 0 | 0 | 0 |