| 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 |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATIONAL COSTS | 2016-12-23 | 27,185 | 12,684 | 15.0000 | 1,812 | 14,496 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FILING CABINET | 2017-03-06 | 708 | 690 | SL | 7.0000 | 18 | |||
| LUCAS'S CHAIR | 2017-11-07 | 273 | 241 | SL | 7.0000 | 32 | |||
| SCOTT'S CHAIR | 2017-11-13 | 243 | 216 | SL | 7.0000 | 27 | |||
| LUCAS'S DESK | 2018-01-17 | 999 | 846 | SL | 7.0000 | 143 | |||
| RUG AND CHAIRS | 2018-03-27 | 302 | 247 | SL | 7.0000 | 43 | |||
| PRINTER | 2022-02-21 | 970 | 592 | SL | 3.0000 | 323 | |||
| LAPTOP | 2022-04-06 | 2,181 | 763 | SL | 5.0000 | 436 | |||
| EQUIPMENT | 2022-06-02 | 6,725 | 2,130 | SL | 5.0000 | 1,345 | |||
| COMPUTER | 2022-07-08 | 918 | 276 | SL | 5.0000 | 184 | |||
| OWL VIDEO CONFERENCE | 2022-12-19 | 1,229 | 246 | SL | 5.0000 | 246 | |||
| VEHICLE | 2023-04-19 | 36,696 | 4,893 | SL | 5.0000 | 7,339 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 29,968 | |||
| Furniture and Fixtures | 88,821 | 58,853 | 29,968 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL | 67,803 | 11,045 | 11,045 | 45,713 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Net Intangible Assets | 14,501 | 12,689 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 162,509 | 48,753 | 48,753 | 121,881 |
| Amortization | 1,812 | 906 | 906 | |
| BAD DEBT | 1,591,010 | 1,591,010 | ||
| BANK CHARGES | 911 | 273 | 273 | 684 |
| BOOKS | 63,961 | 19,188 | 19,188 | 47,972 |
| CHILDCARE EXPENSE | 124,720 | 37,416 | 37,416 | 93,540 |
| DUES & FEES | 7,885 | 1,098 | 1,099 | 5,688 |
| EVENTS | 115,565 | 34,670 | 34,669 | 86,674 |
| INSURANCE | 4,904 | 1,471 | 1,471 | 3,679 |
| MEALS | 8,116 | 1,184 | 1,184 | 5,748 |
| MEETING EXPENSES | 470 | 141 | 141 | 353 |
| OFFICE | 14,784 | 507 | 507 | 13,770 |
| OTHER | 1,897 | 569 | 569 | 1,423 |
| SOFTWARE & TECHNOLOGY | 17,163 | 2,465 | 2,465 | 12,233 |
| STAFF SUPPORT | 105,433 | 31,630 | 31,630 | 79,074 |
| SUBSTITUTE RECRUITMENT | 20,873 | 6,262 | 6,262 | 15,654 |
| SUPPLIES | 10,700 | 3,210 | 3,210 | 8,025 |
| TELEPHONE | 9,269 | 1,127 | 1,127 | 7,015 |
| WORKFORCE INCENTIVE PROGRAM | 242,000 | 72,600 | 72,600 | 181,500 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LOAN INTEREST | 100,162 | 100,162 | 100,162 |
| OTHER INCOME | 1,864 | 1,864 | 1,864 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOANS RECEIVABLE-TOTAL |
7,733,824 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT ADMINISTRATIVE | 2,395 | 719 | 718 | 1,796 |
| CONTRACTUAL | 38,258 | 0 | 0 | 38,258 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL | 67,125 | 4,926 | 4,927 | 57,272 |