| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 13,878 | 3,469 | 10,409 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2753 YOUNGS RD | 2019-12-27 | 568,167 | L | ||||||
| PARCEL 39444&39443 | 2019-12-27 | 1,646,506 | L | ||||||
| LASER MACHINE | 2019-12-23 | 27,981 | 19,985 | SL | 7 | 3,997 | |||
| ALL TERRAIN VEHICL | 2020-01-13 | 4,547 | 4,545 | SL | 5 | 2 | |||
| FENCING | 2020-12-31 | 924,345 | 246,492 | SL | 15 | 10,270 | |||
| MOWER | 2020-07-15 | 44,095 | 28,346 | SL | 7 | 6,299 | |||
| 2015 FORD F150 | 2020-02-13 | 39,880 | 39,215 | SL | 5 | 665 | |||
| 2017 FORD F350 | 2020-02-13 | 69,606 | 68,445 | SL | 5 | 1,161 | |||
| ALL TERRAIN VEHICL | 2020-09-03 | 13,199 | 11,440 | SL | 5 | 1,759 | |||
| TRAINING BUILDING | 2020-03-10 | 74,355 | 9,217 | SL | 39 | 318 | |||
| OFFICE BUILDING | 2020-10-04 | 25,694 | 2,801 | SL | 39 | 110 | |||
| ALL TERRAIN VEHICL | 2020-10-20 | 8,998 | 7,500 | SL | 5 | 1,498 | |||
| ALL TERRAIN VEHICL | 2020-06-09 | 18,618 | 17,068 | SL | 5 | 1,550 | |||
| TRACTOR | 2020-11-23 | 26,654 | 21,768 | SL | 5 | 4,886 | |||
| BARN IMPROVEMENTS | 2020-08-13 | 30,750 | 6,793 | SL | 20 | 256 | |||
| IRRIGATION | 2020-10-30 | 12,902 | 3,583 | SL | 15 | 143 | |||
| SHED | 2020-05-21 | 11,702 | 2,681 | SL | 20 | 585 | |||
| FARM EQUIPMENT | 2020-04-10 | 6,254 | 4,242 | SL | 7 | 893 | |||
| BLDG YOUNGS ROAD | 2019-12-27 | 145,549 | 36,385 | SL | 20 | 1,213 | |||
| TRAINING AREA IMPR | 2020-06-08 | 85,639 | 26,166 | SL | 15 | 952 | |||
| FENCING | 2021-09-17 | 53,216 | 11,531 | SL | 15 | 591 | |||
| LAND IMPROVEMENTS | 2021-06-26 | 79,585 | L | ||||||
| BARN RENOVATION | 2022-11-09 | 114,686 | 16,566 | SL | 15 | 7,646 | |||
| TAMARACK LANE | 2022-04-26 | 1,276,811 | L | ||||||
| 4-WHEELER | 2022-07-01 | 7,719 | 3,860 | SL | 5 | 1,544 | |||
| 4-WHEELER | 2022-05-11 | 11,500 | 6,133 | SL | 5 | 2,300 | |||
| 4-WHEELER | 2022-04-29 | 4,655 | 2,483 | SL | 5 | 931 | |||
| OUTDOOR RIDING ARE | 2023-07-01 | 195,521 | 19,552 | SL | 15 | 13,035 | |||
| BARN RENOVATIONS | 2023-07-01 | 603,727 | 45,279 | SL | 20 | 30,186 | |||
| LAND IMPROVEMENTS | 2023-07-01 | 617,771 | L | ||||||
| ELECTRICAL INSTALL | 2023-07-01 | 51,977 | 3,898 | SL | 20 | 2,599 | |||
| ROUND PEN | 2023-07-01 | 57,239 | 5,724 | SL | 15 | 3,816 | |||
| RUN IN SHEDS | 2023-07-01 | 182,100 | 13,658 | SL | 20 | 9,105 | |||
| STORAGE BUILDING | 2023-07-01 | 16,109 | 1,208 | SL | 20 | 805 | |||
| FENCING | 2023-07-01 | 256,938 | 25,694 | SL | 15 | 17,129 | |||
| UTILITY TRAILER | 2023-07-01 | 3,020 | 906 | SL | 5 | 604 | |||
| GATOR | 2024-05-28 | 16,371 | 1,910 | SL | 5 | 3,274 | |||
| RUN IN SHEDS | 2024-07-01 | 119,842 | 2,996 | SL | 20 | 5,992 | |||
| LAND IMPROVEMENTS | 2024-07-01 | 50,506 | L | ||||||
| NEW FENCE | 2022-08-30 | 98,101 | 15,260 | SL | 15 | 6,540 | |||
| GOLF CART | 2025-06-10 | 10,369 | SL | 5 | 1,210 | ||||
| MOWER | 2025-06-17 | 25,199 | SL | 7 | 1,800 | ||||
| ALL TERRAIN VEHICL | 2025-06-17 | 18,000 | SL | 5 | 1,800 | ||||
| BUSH HOG | 2025-04-10 | 6,104 | SL | 5 | 916 | ||||
| SOL PRO MACHINE | 2025-07-08 | 14,500 | SL | 5 | 1,450 | ||||
| FENCING | 2025-12-29 | 18,046 | SL | 15 | |||||
| LAND IMPROVEMENTS | 2025-12-31 | 15,606 | L | ||||||
| IRRIGATION | 2023-07-01 | 50,994 | L | ||||||
| MANURE PIT | 2023-07-01 | 23,997 | L |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 2753 YOUNGS RD | ||||
| PARCEL 39444&39443 | ||||
| LASER MACHINE | 27,981 | 23,982 | 3,999 | 3,999 |
| ALL TERRAIN VEHICL | 4,547 | 4,547 | 0 | |
| FENCING | ||||
| MOWER | 44,095 | 34,645 | 9,450 | 9,450 |
| 2015 FORD F150 | 39,880 | 39,880 | 0 | |
| 2017 FORD F350 | 69,606 | 69,606 | 0 | |
| ALL TERRAIN VEHICL | 13,199 | 13,199 | 0 | |
| TRAINING BUILDING | ||||
| OFFICE BUILDING | ||||
| ALL TERRAIN VEHICL | 8,998 | 8,998 | ||
| ALL TERRAIN VEHICL | 18,618 | 18,618 | ||
| TRACTOR | 26,654 | 26,654 | ||
| BARN IMPROVEMENTS | ||||
| IRRIGATION | ||||
| SHED | 11,702 | 3,266 | 8,436 | 8,436 |
| FARM EQUIPMENT | 6,254 | 5,135 | 1,119 | 1,119 |
| BLDG YOUNGS ROAD | ||||
| TRAINING AREA IMPR | ||||
| FENCING | ||||
| LAND IMPROVEMENTS | ||||
| BARN RENOVATION | 114,686 | 24,212 | 90,474 | 90,474 |
| TAMARACK LANE | 1,276,811 | 1,276,811 | 1,276,811 | |
| 4-WHEELER | 7,719 | 5,404 | 2,315 | 2,315 |
| 4-WHEELER | 11,500 | 8,433 | 3,067 | 3,067 |
| 4-WHEELER | 4,655 | 3,414 | 1,241 | 1,241 |
| OUTDOOR RIDING ARE | 195,521 | 32,587 | 162,934 | 162,934 |
| BARN RENOVATIONS | 603,727 | 75,465 | 528,262 | 528,262 |
| LAND IMPROVEMENTS | ||||
| ELECTRICAL INSTALL | 51,977 | 6,497 | 45,480 | 45,480 |
| ROUND PEN | 57,239 | 9,540 | 47,699 | 47,699 |
| RUN IN SHEDS | 182,100 | 22,763 | 159,337 | 159,337 |
| STORAGE BUILDING | 16,109 | 2,013 | 14,096 | 14,096 |
| FENCING | 256,938 | 42,823 | 214,115 | 214,115 |
| UTILITY TRAILER | 3,020 | 1,510 | 1,510 | 1,510 |
| GATOR | 16,371 | 5,184 | 11,187 | 11,187 |
| RUN IN SHEDS | 119,842 | 8,988 | 110,854 | 110,854 |
| LAND IMPROVEMENTS | 50,506 | 50,506 | 50,506 | |
| NEW FENCE | 98,101 | 21,800 | 76,301 | 76,301 |
| GOLF CART | 10,369 | 1,210 | 9,159 | 9,159 |
| MOWER | 25,199 | 1,800 | 23,399 | 23,399 |
| ALL TERRAIN VEHICL | 18,000 | 1,800 | 16,200 | 16,200 |
| BUSH HOG | 6,104 | 916 | 5,188 | 5,188 |
| SOL PRO MACHINE | 14,500 | 1,450 | 13,050 | 13,050 |
| FENCING | 18,046 | 18,046 | 18,046 | |
| LAND IMPROVEMENTS | 15,606 | 15,606 | 15,606 | |
| IRRIGATION | 50,994 | 50,994 | 50,994 | |
| MANURE PIT | 23,997 | 23,997 | 23,997 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL EXPENSE | 94,395 | 94,395 |
| Item No. | 1 |
|---|---|
| Lender's Name | EVAN I HECHT DIRECTOR SECRETARY-T |
| Lender's Title | |
| Original Amount of Loan | 250000 |
| Balance Due | 0 |
| Date of Note | 2022-07 |
| Maturity Date | 2025-05 |
| Repayment Terms | PAYABLE IN FULL UPON DEMAND |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | LINE OF CREDIT |
| Description of Lender Consideration | 1,800,000 |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 0 | 10,692 | 10,692 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FARM MAINTENANCE | 154,313 | 154,313 | ||
| HAY, FEED, & SUPPLIES | 242,528 | 242,528 | ||
| HORSE TRAINING | 17,455 | 17,455 | ||
| INSURANCE | 78,005 | 78,005 | ||
| VETERINARY CARE | 133,944 | 133,944 | ||
| PAYROLL SERVICE FEE | 3,505 | 3,505 | ||
| BANK CHARGES | 442 | 442 | ||
| UTILITIES | 21,627 | 21,627 | ||
| MISCELLANEOUS | 204 | 204 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAX |