| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 5,000 | 1,500 | 3,500 | 5,000 |
| EQUIPMENT | 12,500 | 1,250 | 11,250 | 12,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 11,184 | 0 | 0 | 0 |
| AWARDS | 9,299 | 0 | 0 | 0 |
| CLUB PAYMENTS | 42,571 | 0 | 0 | 0 |
| PROFESSIONAL FEES | 780 | 0 | 0 | 0 |
| DUES & SUBSCRIPTIONS | 155 | 0 | 0 | 0 |
| REIMBURSED EXPENSES | 4,709 | 0 | 0 | 0 |
| FOOD | 1,367 | 0 | 0 | 0 |
| INSURANCE | 1,945 | 0 | 0 | 0 |
| LABOR | 3,200 | 0 | 0 | 0 |
| OFFICE EXPENSES | 1,427 | 0 | 0 | 0 |
| SUPPLIES | 1,770 | 0 | 0 | 0 |
| LICENSES | 20 | 0 | 0 | 0 |
| MISCELLANEOUS EXPENSES | 6,665 | 0 | 0 | 0 |
| AUTO | 139 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TOURNAMENT INCOME | 104,710 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARDS | 4,459 | 1,770 |
| Item No. | 1 |
|---|---|
| Borrower's Name | MICHAEL COLLOMS |
| Borrower's Title | OFFICER |
| Original Amount of Loan | 55 |
| Balance Due | 55 |
| Date of Note | 2025-06 |
| Maturity Date | 2026-09 |
| Repayment Terms | IN FULL NO INTEREST |
| Interest Rate | 0 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | ACCIDENTAL PAYMENT PF PERSONAL EXPENSE |
| Description of Lender Consideration | NONE |
| Consideration FMV | 55 |