| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BISHOP, FARMER & CO. | 2,275 | 1,138 | 0 | 1,137 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LITTLE GIANT 28' ELEVATOR | 1991-12-17 | 2,025 | 2,025 | SL | 7.000000000000 | 0 | 0 | 0 | |
| PEQUES 8T HAY WAGON | 1991-12-17 | 1,000 | 1,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| H & S 10T HAY WAGON | 1991-12-17 | 1,000 | 1,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| FARM EQUIPMENT | 1994-06-30 | 1,500 | 1,499 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| HAY WAGON | 1995-06-02 | 2,000 | 2,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| USED HAY WAGON | 1995-09-11 | 1,650 | 1,650 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HAYBINE | 1995-06-30 | 13,900 | 13,900 | SL | 7.000000000000 | 0 | 0 | 0 | |
| BUILDINGS | 1989-01-01 | 400,000 | 400,000 | SL | 31.500000000000 | 0 | 0 | 0 | |
| IMPROVEMENTS-MAIN HOUSE | 1989-06-30 | 9,232 | 9,232 | SL | 31.500000000000 | 0 | 0 | 0 | |
| FENCING | 1989-06-30 | 17,134 | 17,134 | SL | 31.500000000000 | 0 | 0 | 0 | |
| TENNIS COURT IMPROVEMENTS | 1989-06-30 | 6,700 | 6,700 | SL | 31.500000000000 | 0 | 0 | 0 | |
| FENCING | 1990-06-30 | 7,499 | 7,499 | SL | 31.500000000000 | 0 | 0 | 0 | |
| ELECTRCAL WORK | 1990-06-30 | 7,891 | 7,891 | SL | 31.500000000000 | 0 | 0 | 0 | |
| BARN | 1990-06-30 | 184,660 | 184,660 | SL | 31.500000000000 | 0 | 0 | 0 | |
| BARN REPAIRS | 1990-06-30 | 2,000 | 2,000 | SL | 31.500000000000 | 0 | 0 | 0 | |
| HEATER FOR COWPALACE | 1991-01-15 | 4,100 | 4,096 | SL | 31.500000000000 | 0 | 0 | 0 | |
| ELECTRICAL WORK | 1991-01-15 | 5,397 | 5,388 | SL | 31.500000000000 | 0 | 0 | 0 | |
| KITCHEN FLOOR - COWPALACE | 1991-03-15 | 2,450 | 2,450 | SL | 31.500000000000 | 0 | 0 | 0 | |
| SAND AND GRAVEL- RIDING RING | 1991-05-06 | 6,210 | 6,210 | SL | 10.000000000000 | 0 | 0 | 0 | |
| AIR CONDITIONING - COWPALACE | 1992-01-15 | 8,842 | 8,842 | SL | 31.500000000000 | 0 | 0 | 0 | |
| FENCING | 1992-03-15 | 10,088 | 10,081 | SL | 31.500000000000 | 0 | 0 | 0 | |
| AIR CONDITIONING - OFFICE & NURSES | 1992-08-14 | 2,210 | 2,197 | SL | 31.500000000000 | 0 | 0 | 0 | |
| ELECTRIC SYS - TENANT BUILDING | 1992-09-01 | 2,196 | 2,190 | SL | 31.500000000000 | 0 | 0 | 0 | |
| EMERGENCY LIGHTS - SCHOOL BUILDING | 1993-04-23 | 1,074 | 1,074 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SECURITY ALARM - SCHOOL BUILDING | 1993-04-23 | 4,246 | 4,245 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| BLEACHERS - INDOOR ARENA | 1993-04-23 | 2,016 | 2,016 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| CABINETS AND LOCKERS - BARN | 1993-08-01 | 3,400 | 3,400 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FENCING | 1994-06-30 | 1,652 | 1,652 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| IMPROVMNTS- LITTLE GIRLS COTTAGE | 1995-06-13 | 8,435 | 6,165 | SL | 39.000000000000 | 216 | 0 | 216 | |
| IMPROVEMENTS- BOYS COTTAGE | 1995-05-25 | 1,598 | 1,174 | SL | 39.000000000000 | 41 | 0 | 41 | |
| POOL REPAIRS | 1995-06-22 | 4,000 | 4,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| 1979 HARTMAN TRAILER | 1989-01-01 | 5,000 | 5,000 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| 1978 CHEVY VAN | 1989-01-01 | 1,875 | 1,875 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| BROOD MARE | 1991-12-20 | 2,000 | 2,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| BULL YADKIN FARM | 1992-05-15 | 1,050 | 1,050 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| PONY MARIE - GENSING | 1992-10-30 | 1,000 | 1,000 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| PULL DISK | 1989-01-01 | 100 | 100 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HAY WAGONS | 1989-01-01 | 260 | 260 | SL | 7.000000000000 | 0 | 0 | 0 | |
| WOODS DIXIE CUTTER M-5 | 1989-01-01 | 650 | 650 | SL | 7.000000000000 | 0 | 0 | 0 | |
| NH 273 BALER W/ KICKER | 1989-01-01 | 1,850 | 1,850 | SL | 7.000000000000 | 0 | 0 | 0 | |
| FARM EQUIPMENT | 1990-06-30 | 1,500 | 1,500 | SL | 7.000000000000 | 0 | 0 | 0 | |
| GRAIN DRILL | 1990-06-30 | 2,400 | 2,400 | SL | 7.000000000000 | 0 | 0 | 0 | |
| FARM EQUIPMENT | 1989-05-18 | 1,775 | 1,775 | SL | 7.000000000000 | 0 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 1989-06-14 | 1,020 | 1,020 | SL | 7.000000000000 | 0 | 0 | 0 | |
| CAMP EQUIPMENT | 1990-06-30 | 2,384 | 2,384 | SL | 7.000000000000 | 0 | 0 | 0 | |
| SWIMMING POOL EQUIP | 1990-01-01 | 4,500 | 4,500 | SL | 7.000000000000 | 0 | 0 | 0 | |
| DISH WASHER | 1990-06-30 | 2,500 | 2,500 | SL | 7.000000000000 | 0 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 1991-09-18 | 1,825 | 1,825 | SL | 7.000000000000 | 0 | 0 | 0 | |
| TABLES,CHAIRS,OFFICE EQUIP | 1992-08-20 | 3,164 | 3,164 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| HORSE SHOW JUMPS | 1994-06-30 | 3,958 | 3,956 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SCHOOL FURNITURE | 1994-06-30 | 3,705 | 3,704 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| LIONS PRIDE - PLAYGROUND | 1995-09-25 | 4,900 | 4,900 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HORSE SHOW JUMPS | 1992-08-20 | 1,932 | 1,932 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FAN IN CENTER BUILDING | 1992-09-01 | 4,838 | 4,838 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| WASHER DRYER - MAIN HOUSE | 1993-04-21 | 796 | 796 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| NEW POOL | 1996-07-02 | 19,000 | 19,000 | SL | 15.000000000000 | 0 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 1996-04-04 | 4,900 | 4,900 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| LAND | 1989-01-01 | 999,000 | L | 0 | 0 | 0 | |||
| LAND | 1997-06-02 | 973,952 | L | 0 | 0 | 0 | |||
| KITCHEN STOVE | 1997-01-08 | 2,000 | 2,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| BICYCLES | 1997-04-09 | 1,045 | 1,045 | SL | 7.000000000000 | 0 | 0 | 0 | |
| ARCHERY SHED | 1997-06-09 | 1,850 | 1,850 | SL | 7.000000000000 | 0 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 1997-08-06 | 3,945 | 3,945 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HANDY VAN | 1998-06-22 | 2,995 | 2,995 | SL | 7.000000000000 | 0 | 0 | 0 | |
| NEW BUILDING - RIDING CENTER | 1992-09-01 | 569,652 | 565,877 | SL | 31.500000000000 | 0 | 0 | 0 | |
| CANOE | 1998-06-30 | 370 | 370 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTERS | 1998-06-30 | 2,820 | 2,820 | SL | 5.000000000000 | 0 | 0 | 0 | |
| HEAT PUMP | 1999-03-12 | 1,978 | 1,978 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HORSE - BARNEY | 1999-05-07 | 3,000 | 3,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HORSE - CARNIVAL | 2000-02-11 | 1,600 | 1,600 | SL | 7.000000000000 | 0 | 0 | 0 | |
| NEW HOLLAND HAY ELEVATOR | 2000-06-19 | 2,821 | 2,821 | SL | 7.000000000000 | 0 | 0 | 0 | |
| THERAPEUTIC RAMP | 2000-10-17 | 3,010 | 3,010 | SL | 7.000000000000 | 0 | 0 | 0 | |
| TIREC-RUBBER FOOTING | 2000-12-08 | 8,073 | 8,073 | SL | 7.000000000000 | 0 | 0 | 0 | |
| DIE-CUTTING MACHINE | 2000-11-30 | 2,444 | 2,444 | SL | 7.000000000000 | 0 | 0 | 0 | |
| DISHWASHER AND PUMP | 2000-09-15 | 4,443 | 4,443 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER SYSTEM | 2001-01-05 | 1,188 | 1,188 | SL | 5.000000000000 | 0 | 0 | 0 | |
| AIR CONDITIONING UNIT | 2001-05-08 | 3,200 | 3,200 | SL | 7.000000000000 | 0 | 0 | 0 | |
| REMODEL KITCHEN | 2001-10-11 | 3,150 | 2,554 | SL | 27.500000000000 | 115 | 0 | 115 | |
| HORSE - MATT LOWE | 2001-11-28 | 4,000 | 4,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| CABINETS FOR SCHOOL OFFICE | 2001-06-30 | 4,500 | 4,500 | SL | 7.000000000000 | 0 | 0 | 0 | |
| IMPROVEMENTS | 2002-02-21 | 2,300 | 2,204 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COPIER | 2002-01-30 | 3,215 | 2,115 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE EQUIPMENT | 2002-03-09 | 3,912 | 2,738 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE EQUIPMENT | 2002-04-10 | 3,912 | 2,738 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER SYSTEM | 2002-06-14 | 826 | 578 | SL | 7.000000000000 | 0 | 0 | 0 | |
| HORSE CONTAINER TRAILER | 2004-01-08 | 2,600 | 1,300 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| ROAD DRAG | 2004-06-08 | 3,575 | 1,787 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| NEW HOLLAND 258 HAY RAKE | 2005-05-04 | 5,100 | 5,100 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| JOHN DEERE 348 HAY BALER | 2005-06-27 | 26,090 | 26,090 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SCHOOL PARTITIONS AND CABINETS | 2005-09-06 | 48,000 | 22,517 | SL | 39.000000000000 | 1,231 | 0 | 1,231 | |
| CAMP CLIMBING WALL | 2005-05-11 | 5,075 | 5,075 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| NEW ROOF - SCHOOL CENTER | 2005-03-28 | 30,334 | 14,620 | SL | 39.000000000000 | 778 | 0 | 778 | |
| MANURE SPREADER MS 1112 | 2006-03-07 | 4,620 | 4,620 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SWIMMING POOL RENOVATION | 2006-06-30 | 42,890 | 19,296 | SL | 39.000000000000 | 1,100 | 0 | 1,100 | |
| INDOOR RIDING ARENA RENOVATION | 2006-06-30 | 9,633 | 4,333 | SL | 39.000000000000 | 247 | 0 | 247 | |
| SCHOOL BUILDING RENOVATION | 2006-06-30 | 9,240 | 4,157 | SL | 39.000000000000 | 237 | 0 | 237 | |
| SCHOOL BUILDING HEAT AND AIR | 2006-06-30 | 6,385 | 2,877 | SL | 39.000000000000 | 164 | 0 | 164 | |
| COT CARTS | 2006-08-31 | 500 | 500 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SCHOOL ADDITION | 2007-01-01 | 9,240 | 4,019 | SL | 39.000000000000 | 237 | 0 | 237 | |
| COMPUTER SYSTEM | 2007-10-26 | 2,551 | 2,551 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| KITCHEN RENOVATION | 2008-04-15 | 12,599 | 5,074 | SL | 39.000000000000 | 323 | 0 | 323 | |
| KITCHEN AND EDUCATION BUILDING RESHINGLING | 2008-03-18 | 10,950 | 4,437 | SL | 39.000000000000 | 281 | 0 | 281 | |
| PLAYGROUND EQUIPMENT | 2008-07-16 | 6,931 | 3,465 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| JOHN DEERE 5101E 4WD TRACTOR | 2009-07-24 | 43,919 | 21,959 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TURBO-AIR FREEZER | 2010-07-20 | 3,720 | 3,720 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE COPIER | 2010-01-06 | 4,200 | 4,200 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| PLAYGROUND EQUIPMENT | 2011-10-07 | 5,000 | 5,000 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| JD 5045D 2WD TRACTOR | 2012-01-27 | 15,495 | 15,495 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TONU GT540 HAY TEDDER | 2012-05-04 | 4,995 | 4,995 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| PEQUEA 125 MANURE SPREADER | 2015-07-09 | 7,027 | 7,027 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| INDOOR RIDING ARENA FOOTING RENOVATION | 2017-11-20 | 93,500 | 14,682 | SL | 39.000000000000 | 2,397 | 0 | 2,397 | |
| 217 JD ROTARY HAY MOWER | 2017-09-07 | 25,267 | 12,070 | 200DB | 7.000000000000 | 563 | 0 | 2,406 | |
| 2013 CHEVROLET SILVERADO PICKUP | 2017-05-12 | 14,400 | 6,878 | 200DB | 7.000000000000 | 321 | 0 | 686 | |
| COW PALACE RENOVATION | 2018-04-27 | 192,293 | 28,148 | SL | 39.000000000000 | 4,931 | 0 | 4,931 | |
| MAIN OFFICE WINDOWS | 2018-02-21 | 5,104 | 770 | SL | 39.000000000000 | 131 | 0 | 131 | |
| INDOOR ARENA RESTROOMS | 2018-04-12 | 14,121 | 2,066 | SL | 39.000000000000 | 362 | 0 | 362 | |
| SCHOOL CTR ROOF RENOVATION | 2018-08-14 | 13,700 | 1,887 | SL | 39.000000000000 | 351 | 0 | 351 | |
| INDOOR ARENA ROOF RENOVATION | 2018-10-10 | 10,500 | 1,401 | SL | 39.000000000000 | 269 | 0 | 269 | |
| JD 2018 Z930M 54" MOWER | 2018-03-28 | 9,472 | 8,205 | 200DB | 7.000000000000 | 846 | 0 | 1,267 | |
| 1999 NEW HOLLAND TRACTOR W/ LOADER | 2018-09-17 | 15,000 | 12,994 | 200DB | 7.000000000000 | 1,340 | 0 | 2,006 | |
| HORSE - PANCAKE | 2018-09-17 | 7,500 | 6,497 | 200DB | 7.000000000000 | 670 | 0 | 1,003 | |
| WATER COOLER | 2015-03-18 | 145 | 71 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| SCHOOL CENTER FLOOR TILE | 2019-08-05 | 26,525 | 2,975 | SL | 39.000000000000 | 680 | 0 | 680 | |
| 2007 CHEVROLET TRUCK | 2020-03-06 | 2,000 | 200DB | 7.000000000000 | 0 | 0 | 286 | ||
| 4 TOILETS - EDUCATION BUILDING | 2021-09-29 | 7,844 | 461 | SL | 39.000000000000 | 201 | 0 | 201 | |
| FENCING - HARRISON RD FRONTAGE | 2022-04-06 | 17,799 | 779 | SL | 39.000000000000 | 456 | 0 | 456 | |
| PAVING | 2022-04-29 | 57,500 | 2,518 | SL | 39.000000000000 | 1,474 | 0 | 1,474 | |
| TEDDER MACHINE | 2022-03-29 | 10,525 | 4,887 | 200DB | 7.000000000000 | 1,611 | 0 | 1,504 | |
| MANURE SPREADER | 2022-10-14 | 13,162 | 4,096 | 200DB | 7.000000000000 | 2,590 | 0 | 1,880 | |
| LAWN MOWER | 2022-10-31 | 12,104 | 3,767 | 200DB | 7.000000000000 | 2,382 | 0 | 1,729 | |
| FEED BIN | 2022-11-08 | 3,453 | 1,074 | 200DB | 7.000000000000 | 680 | 0 | 493 | |
| HORSE - MO | 2022-06-13 | 3,500 | 1,446 | 200DB | 7.000000000000 | 513 | 0 | 500 | |
| HORSE - CHIEF | 2022-08-17 | 5,000 | 1,812 | 200DB | 7.000000000000 | 797 | 0 | 714 | |
| SPORTS SHED | 2022-03-23 | 2,211 | 1,027 | 200DB | 7.000000000000 | 339 | 0 | 316 | |
| SPORTS SHED | 2022-04-07 | 4,422 | 1,827 | 200DB | 7.000000000000 | 741 | 0 | 632 | |
| 10X14 A-FRAME SHED | 2022-04-21 | 6,634 | 2,741 | 200DB | 7.000000000000 | 1,112 | 0 | 948 | |
| LIGHTING | 2023-03-20 | 7,640 | 218 | 200DB | 7.000000000000 | 374 | 0 | 1,091 | |
| OUTDOOR RIDING RINGS IMPROVEMENTS | 2023-02-21 | 35,250 | 791 | SL | 39.000000000000 | 904 | 0 | 904 | |
| FENCING AROUND POOL | 2023-06-02 | 4,013 | 115 | 200DB | 7.000000000000 | 197 | 0 | 573 | |
| PLAYGROUND BOARDERS | 2023-07-10 | 4,083 | 117 | 200DB | 7.000000000000 | 200 | 0 | 583 | |
| BATHROOM TOILETS | 2023-08-15 | 6,274 | 179 | 200DB | 7.000000000000 | 307 | 0 | 896 | |
| ROOF & CHIMNEY | 2023-12-26 | 65,745 | 70 | SL | 39.000000000000 | 1,686 | 0 | 1,686 | |
| GLASS DOORS | 2023-10-31 | 2,990 | 85 | 200DB | 7.000000000000 | 146 | 0 | 427 | |
| SHINGLES & DORMERS | 2023-11-16 | 4,000 | 114 | 200DB | 7.000000000000 | 196 | 0 | 571 | |
| DISHWASHER | 2023-09-13 | 4,668 | 187 | 200DB | 5.000000000000 | 299 | 0 | 934 | |
| GUTTERS & SIDING | 2024-05-29 | 92,236 | SL | 39.000000000000 | 1,478 | 0 | 1,478 | ||
| GRADING | 2024-04-04 | 6,500 | 200DB | 7.000000000000 | 929 | 0 | 696 | ||
| EXTERIOR OF HOUSE FRONTAGE | 2024-08-06 | 15,485 | 200DB | 7.000000000000 | 2,213 | 0 | 922 | ||
| RED DOOR | 2024-08-06 | 6,419 | SL | 39.000000000000 | 62 | 0 | 62 | ||
| ARENA RING | 2024-02-23 | 30,250 | SL | 39.000000000000 | 679 | 0 | 679 | ||
| HORSE - JR | 2024-12-03 | 5,000 | 200DB | 7.000000000000 | 715 | 0 | 60 | ||
| WINDOWS | 2024-01-05 | 2,990 | SL | 39.000000000000 | 73 | 0 | 73 | ||
| COPIER | 2024-05-29 | 6,102 | 200DB | 5.000000000000 | 1,220 | 0 | 712 | ||
| PLAYGROUND EQUIPMENT | 2024-11-04 | 5,400 | 200DB | 7.000000000000 | 772 | 0 | 129 | ||
| ROOF | 2024-11-14 | 35,000 | SL | 39.000000000000 | 112 | 0 | 112 | ||
| DOORS SECURITY FILM | 2024-01-17 | 1,435 | 200DB | 7.000000000000 | 205 | 0 | 188 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ATLANTIC UNION BANK PORTFOLIO | 1,289,390 | 1,566,367 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LITTLE GIANT 28' ELEVATOR | 2,025 | 2,025 | 0 | |
| PEQUES 8T HAY WAGON | 1,000 | 1,000 | 0 | |
| H & S 10T HAY WAGON | 1,000 | 1,000 | 0 | |
| FARM EQUIPMENT | 1,500 | 1,499 | 1 | |
| HAY WAGON | 2,000 | 2,000 | 0 | |
| USED HAY WAGON | 1,650 | 1,650 | 0 | |
| HAYBINE | 13,900 | 13,900 | 0 | |
| BUILDINGS | 400,000 | 400,000 | 0 | |
| IMPROVEMENTS-MAIN HOUSE | 9,232 | 9,232 | 0 | |
| FENCING | 17,134 | 17,134 | 0 | |
| TENNIS COURT IMPROVEMENTS | 6,700 | 6,700 | 0 | |
| FENCING | 7,499 | 7,499 | 0 | |
| ELECTRCAL WORK | 7,891 | 7,891 | 0 | |
| BARN | 184,660 | 184,660 | 0 | |
| BARN REPAIRS | 2,000 | 2,000 | 0 | |
| HEATER FOR COWPALACE | 4,100 | 4,096 | 4 | |
| ELECTRICAL WORK | 5,397 | 5,388 | 9 | |
| KITCHEN FLOOR - COWPALACE | 2,450 | 2,450 | 0 | |
| SAND AND GRAVEL- RIDING RING | 6,210 | 6,210 | 0 | |
| AIR CONDITIONING - COWPALACE | 8,842 | 8,842 | 0 | |
| FENCING | 10,088 | 10,081 | 7 | |
| AIR CONDITIONING - OFFICE & NURSES | 2,210 | 2,197 | 13 | |
| ELECTRIC SYS - TENANT BUILDING | 2,196 | 2,190 | 6 | |
| EMERGENCY LIGHTS - SCHOOL BUILDING | 1,074 | 1,074 | 0 | |
| SECURITY ALARM - SCHOOL BUILDING | 4,246 | 4,245 | 1 | |
| BLEACHERS - INDOOR ARENA | 2,016 | 2,016 | 0 | |
| CABINETS AND LOCKERS - BARN | 3,400 | 3,400 | 0 | |
| FENCING | 1,652 | 1,652 | 0 | |
| IMPROVMNTS- LITTLE GIRLS COTTAGE | 8,435 | 6,381 | 2,054 | |
| IMPROVEMENTS- BOYS COTTAGE | 1,598 | 1,215 | 383 | |
| POOL REPAIRS | 4,000 | 4,000 | 0 | |
| 1979 HARTMAN TRAILER | 5,000 | 5,000 | 0 | |
| 1978 CHEVY VAN | 1,875 | 1,875 | 0 | |
| BROOD MARE | 2,000 | 2,000 | 0 | |
| BULL YADKIN FARM | 1,050 | 1,050 | 0 | |
| PONY MARIE - GENSING | 1,000 | 1,000 | 0 | |
| PULL DISK | 100 | 100 | 0 | |
| HAY WAGONS | 260 | 260 | 0 | |
| WOODS DIXIE CUTTER M-5 | 650 | 650 | 0 | |
| NH 273 BALER W/ KICKER | 1,850 | 1,850 | 0 | |
| FARM EQUIPMENT | 1,500 | 1,500 | 0 | |
| GRAIN DRILL | 2,400 | 2,400 | 0 | |
| FARM EQUIPMENT | 1,775 | 1,775 | 0 | |
| PLAYGROUND EQUIPMENT | 1,020 | 1,020 | 0 | |
| CAMP EQUIPMENT | 2,384 | 2,384 | 0 | |
| SWIMMING POOL EQUIP | 4,500 | 4,500 | 0 | |
| DISH WASHER | 2,500 | 2,500 | 0 | |
| PLAYGROUND EQUIPMENT | 1,825 | 1,825 | 0 | |
| TABLES,CHAIRS,OFFICE EQUIP | 3,164 | 3,164 | 0 | |
| HORSE SHOW JUMPS | 3,958 | 3,956 | 2 | |
| SCHOOL FURNITURE | 3,705 | 3,704 | 1 | |
| LIONS PRIDE - PLAYGROUND | 4,900 | 4,900 | 0 | |
| HORSE SHOW JUMPS | 1,932 | 1,932 | 0 | |
| FAN IN CENTER BUILDING | 4,838 | 4,838 | 0 | |
| WASHER DRYER - MAIN HOUSE | 796 | 796 | 0 | |
| NEW POOL | 19,000 | 19,000 | 0 | |
| PLAYGROUND EQUIPMENT | 4,900 | 4,900 | 0 | |
| LAND | 999,000 | 0 | 999,000 | |
| LAND | 973,952 | 0 | 973,952 | |
| KITCHEN STOVE | 2,000 | 2,000 | 0 | |
| BICYCLES | 1,045 | 1,045 | 0 | |
| ARCHERY SHED | 1,850 | 1,850 | 0 | |
| PLAYGROUND EQUIPMENT | 3,945 | 3,945 | 0 | |
| HANDY VAN | 2,995 | 2,995 | 0 | |
| NEW BUILDING - RIDING CENTER | 569,652 | 565,877 | 3,775 | |
| CANOE | 370 | 370 | 0 | |
| COMPUTERS | 2,820 | 2,820 | 0 | |
| HEAT PUMP | 1,978 | 1,978 | 0 | |
| HORSE - BARNEY | 3,000 | 3,000 | 0 | |
| HORSE - CARNIVAL | 1,600 | 1,600 | 0 | |
| NEW HOLLAND HAY ELEVATOR | 2,821 | 2,821 | 0 | |
| THERAPEUTIC RAMP | 3,010 | 3,010 | 0 | |
| TIREC-RUBBER FOOTING | 8,073 | 8,073 | 0 | |
| DIE-CUTTING MACHINE | 2,444 | 2,444 | 0 | |
| DISHWASHER AND PUMP | 4,443 | 4,443 | 0 | |
| COMPUTER SYSTEM | 1,188 | 1,188 | 0 | |
| AIR CONDITIONING UNIT | 3,200 | 3,200 | 0 | |
| REMODEL KITCHEN | 3,150 | 2,669 | 481 | |
| HORSE - MATT LOWE | 4,000 | 4,000 | 0 | |
| CABINETS FOR SCHOOL OFFICE | 4,500 | 4,500 | 0 | |
| IMPROVEMENTS | 2,300 | 2,204 | 96 | |
| COPIER | 3,215 | 3,215 | 0 | |
| OFFICE EQUIPMENT | 3,912 | 3,912 | 0 | |
| OFFICE EQUIPMENT | 3,912 | 3,912 | 0 | |
| COMPUTER SYSTEM | 826 | 826 | 0 | |
| HORSE CONTAINER TRAILER | 2,600 | 2,600 | 0 | |
| ROAD DRAG | 3,575 | 3,575 | 0 | |
| NEW HOLLAND 258 HAY RAKE | 5,100 | 5,100 | 0 | |
| JOHN DEERE 348 HAY BALER | 26,090 | 26,090 | 0 | |
| SCHOOL PARTITIONS AND CABINETS | 48,000 | 23,748 | 24,252 | |
| CAMP CLIMBING WALL | 5,075 | 5,075 | 0 | |
| NEW ROOF - SCHOOL CENTER | 30,334 | 15,398 | 14,936 | |
| MANURE SPREADER MS 1112 | 4,620 | 4,620 | 0 | |
| SWIMMING POOL RENOVATION | 42,890 | 20,396 | 22,494 | |
| INDOOR RIDING ARENA RENOVATION | 9,633 | 4,580 | 5,053 | |
| SCHOOL BUILDING RENOVATION | 9,240 | 4,394 | 4,846 | |
| SCHOOL BUILDING HEAT AND AIR | 6,385 | 3,041 | 3,344 | |
| COT CARTS | 500 | 500 | 0 | |
| SCHOOL ADDITION | 9,240 | 4,256 | 4,984 | |
| COMPUTER SYSTEM | 2,551 | 2,551 | 0 | |
| KITCHEN RENOVATION | 12,599 | 5,397 | 7,202 | |
| KITCHEN AND EDUCATION BUILDING RESHINGLING | 10,950 | 4,718 | 6,232 | |
| PLAYGROUND EQUIPMENT | 6,931 | 6,931 | 0 | |
| JOHN DEERE 5101E 4WD TRACTOR | 43,919 | 43,919 | 0 | |
| TURBO-AIR FREEZER | 3,720 | 3,720 | 0 | |
| OFFICE COPIER | 4,200 | 4,200 | 0 | |
| PLAYGROUND EQUIPMENT | 5,000 | 5,000 | 0 | |
| JD 5045D 2WD TRACTOR | 15,495 | 15,495 | 0 | |
| TONU GT540 HAY TEDDER | 4,995 | 4,995 | 0 | |
| PEQUEA 125 MANURE SPREADER | 7,027 | 7,027 | 0 | |
| INDOOR RIDING ARENA FOOTING RENOVATION | 93,500 | 17,079 | 76,421 | |
| 217 JD ROTARY HAY MOWER | 25,267 | 25,267 | 0 | |
| 2013 CHEVROLET SILVERADO PICKUP | 14,400 | 14,399 | 1 | |
| COW PALACE RENOVATION | 192,293 | 33,079 | 159,214 | |
| MAIN OFFICE WINDOWS | 5,104 | 901 | 4,203 | |
| INDOOR ARENA RESTROOMS | 14,121 | 2,428 | 11,693 | |
| SCHOOL CTR ROOF RENOVATION | 13,700 | 2,238 | 11,462 | |
| INDOOR ARENA ROOF RENOVATION | 10,500 | 1,670 | 8,830 | |
| JD 2018 Z930M 54" MOWER | 9,472 | 9,051 | 421 | |
| 1999 NEW HOLLAND TRACTOR W/ LOADER | 15,000 | 14,334 | 666 | |
| HORSE - PANCAKE | 7,500 | 7,167 | 333 | |
| WATER COOLER | 145 | 144 | 1 | |
| SCHOOL CENTER FLOOR TILE | 26,525 | 3,655 | 22,870 | |
| 4 TOILETS - EDUCATION BUILDING | 7,844 | 662 | 7,182 | |
| FENCING - HARRISON RD FRONTAGE | 17,799 | 1,235 | 16,564 | |
| PAVING | 57,500 | 3,992 | 53,508 | |
| TEDDER MACHINE | 10,525 | 6,498 | 4,027 | |
| MANURE SPREADER | 13,162 | 6,686 | 6,476 | |
| LAWN MOWER | 12,104 | 6,149 | 5,955 | |
| FEED BIN | 3,453 | 1,754 | 1,699 | |
| SPORTS SHED | 2,211 | 1,366 | 845 | |
| SPORTS SHED | 4,422 | 2,568 | 1,854 | |
| 10X14 A-FRAME SHED | 6,634 | 3,853 | 2,781 | |
| LIGHTING | 7,640 | 6,704 | 936 | |
| OUTDOOR RIDING RINGS IMPROVEMENTS | 35,250 | 1,695 | 33,555 | |
| FENCING AROUND POOL | 4,013 | 3,522 | 491 | |
| PLAYGROUND BOARDERS | 4,083 | 3,583 | 500 | |
| BATHROOM TOILETS | 6,274 | 5,505 | 769 | |
| ROOF & CHIMNEY | 65,745 | 1,756 | 63,989 | |
| GLASS DOORS | 2,990 | 2,623 | 367 | |
| SHINGLES & DORMERS | 4,000 | 3,510 | 490 | |
| DISHWASHER | 4,668 | 4,220 | 448 | |
| GUTTERS & SIDING | 92,236 | 1,478 | 90,758 | |
| GRADING | 6,500 | 929 | 5,571 | |
| EXTERIOR OF HOUSE FRONTAGE | 15,485 | 2,213 | 13,272 | |
| RED DOOR | 6,419 | 62 | 6,357 | |
| ARENA RING | 30,250 | 679 | 29,571 | |
| HORSE - JR | 5,000 | 715 | 4,285 | |
| WINDOWS | 2,990 | 73 | 2,917 | |
| COPIER | 6,102 | 1,220 | 4,882 | |
| PLAYGROUND EQUIPMENT | 5,400 | 772 | 4,628 | |
| ROOF | 35,000 | 112 | 34,888 | |
| DOORS SECURITY FILM | 1,435 | 205 | 1,230 |
| Item No. | 1 |
|---|---|
| Lender's Name | ATLANTIC UNION BANK |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 300,000 |
| Balance Due | 135,000 |
| Date of Note | 2020-05 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 2.130000000000 |
| Security Provided by Borrower | INVESTMENT PORTFOLIO |
| Purpose of Loan | OPERATING CAPITAL |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PAYROLL RELATED | 6,677 | 5,079 | 5,079 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CLEANING & PAPER | 14,181 | 0 | 0 | 14,181 |
| DUES AND SUBSCRIPTIONS | 4,572 | 0 | 0 | 4,572 |
| FARM EXPENSES | 19,344 | 0 | 0 | 19,344 |
| FARRIER | 74,305 | 0 | 0 | 74,305 |
| FEED AND HAY | 71,592 | 0 | 0 | 71,592 |
| FERTILIZER | 8,427 | 0 | 0 | 8,427 |
| FOOD FOR STUDENTS | 80,241 | 0 | 0 | 80,241 |
| FUEL | 7,621 | 0 | 0 | 7,621 |
| GIFTS AND ENTERTAINMENT | 6,749 | 0 | 0 | 6,749 |
| HORSESHOWS | 22,781 | 0 | 0 | 22,781 |
| INSURANCE | 136,877 | 0 | 0 | 136,877 |
| OTHER LABOR | 10,795 | 0 | 0 | 10,795 |
| OFFICE EXPENSES | 15,934 | 0 | 0 | 15,934 |
| OFFICE SUPPLIES | 6,401 | 0 | 0 | 6,401 |
| PEST CONTROL | 2,756 | 0 | 0 | 2,756 |
| REPAIRS & MAINTENANCE | 92,057 | 0 | 0 | 92,057 |
| SCHOOL EXPENSES | 29,151 | 0 | 0 | 29,151 |
| SHAVINGS | 19,175 | 0 | 0 | 19,175 |
| SUMMER CAMP | 7,981 | 0 | 0 | 7,981 |
| SUPPLIES | 17,728 | 0 | 0 | 17,728 |
| TELEPHONE | 10,456 | 0 | 0 | 10,456 |
| VETERNARIAN | 41,974 | 0 | 0 | 41,974 |
| EXPENSES RELATED TO FUNDRAISING ACTIVITIES | 7,867 | 0 | 0 | 7,867 |
| UTILITIES | 44,721 | 0 | 0 | 44,721 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RIDING PROGRAM | 711,832 | 711,832 | |
| KINDERGARDEN | 1,161,669 | 1,161,669 | |
| CAMP | 276,333 | 276,333 | |
| RELATED ACTIVITIES | 48,818 | 48,818 | |
| GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS | 20,190 | 20,190 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHHOLDING (NET) | 288 | 303 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ATLANTIC UNION BANK | 10,544 | 10,544 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 94,256 | 0 | 0 | 94,256 |
| LICENCES AND REGISTRATION | 242 | 0 | 0 | 242 |
| PROPERTY TAXES | 10,301 | 0 | 0 | 10,301 |
| SALES TAXES | 4,988 | 0 | 0 | 4,988 |