| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 58,148 | 0 | 0 | 58,148 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| MACHINERY-PLANES | 2018-06-22 | 12,437 | 9,773 | SL | 7.0000 | 1,777 | |||
| MACHINERY-ENGINE | 2018-11-30 | 7,200 | 5,231 | SL | 7.0000 | 1,029 | |||
| COMPUTER HARDWARE | 2022-01-15 | 2,406 | 962 | SL | 5.0000 | 481 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 430,365 | 422,849 | 7,516 | 7,516 |
| Machinery and Equipment | 323,003 | 323,003 | ||
| Improvements | 2,230 | 2,230 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 2,790 | |||
| Furniture and Fixtures | 2,531 | 2,531 | ||
| Machinery and Equipment | 22,043 | 19,253 | 2,790 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 194 |
| PRIOR PERIOD ADJUSTMENT - DEPRECIATION | 53,013 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING AND PROMOTIONAL | 4,347 | 4,347 | ||
| AIRCRAFT PARTS & EQUIPMENT | 114,268 | 114,268 | ||
| BANK CHARGES & CREDIT CARD FEES | 16,486 | 16,486 | ||
| COMMUNICATIONS AND WEB INTERNET | 9,075 | 9,075 | ||
| CONFERENCES AND CONVENTIONS | 9,827 | 9,827 | ||
| DUES & SUBSCRIPTIONS | 5,360 | 5,360 | ||
| FACILITIES MAINTENANCE | 10,717 | 10,717 | ||
| FUEL | 74,374 | 24,127 | 50,247 | |
| INSURANCE | 187,824 | 187,824 | ||
| LANDING FEE | 823 | 823 | ||
| MISCELLANEOUS | 17,428 | 17,428 | ||
| PAYROLL SERVICES | 3,750 | 3,750 | ||
| POSTAGE AND SHIPPING | 5,185 | 5,185 | ||
| PROGRAM EXPENSES | 27,618 | 27,618 | ||
| Rental Expenses | 98,956 | 98,956 | ||
| REPAIRS AND MAINTENANCE | 248,166 | 248,166 | ||
| SECURITY ALARM | 3,479 | 3,479 | ||
| SUPPLIES EXHIBIT MATERIALS | 32,917 | 32,917 | ||
| UTILITIES | 84,780 | 84,780 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| AIR SHOW INCOME | 159,753 | 159,753 | |
| MISCELLANEOUS INCOME | 40,580 | 40,580 | |
| MUSEUM ADMISSION | 246,408 | 246,408 | |
| Rental Income - Noninvestment Property | 18,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO AFFILIATE | 47,725 | 217,846 |
| CREDIT CARDS PAYABLE | 47,352 | 79,263 |
| CASH OVERDRAFT | 22,147 | 56,440 |
| PAYROLL LIABILITIES | 1,030 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 60,275 | 0 | 0 | 60,275 |
| PROFESSIONAL CONSULTANTS | 24,000 | 0 | 0 | 24,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 4,578 | 4,578 |