| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,785 | 0 | 0 | 5,785 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2016-06-08 | 825,000 | L | 0 | 0 | 0 | |||
| BUILDING & IMPROVEMENTS | 2016-12-31 | 2,501,500 | 500,304 | SL | 40.000000000000 | 62,538 | 0 | 62,538 | |
| BUILDING IMPROVEMENTS | 2016-12-31 | 80,162 | 16,032 | SL | 40.000000000000 | 2,004 | 0 | 2,004 | |
| LAND - ORCHARDS | 2017-07-11 | 176,448 | L | 0 | 0 | 0 | |||
| SEPTIC SYSTEM | 2017-02-08 | 6,920 | 3,650 | SL | 15.000000000000 | 461 | 0 | 461 | |
| WOODWORKING SHOP | 2019-12-01 | 240,340 | 30,546 | SL | 40.000000000000 | 6,009 | 0 | 6,009 | |
| MACHINERY & EQUIPMENT | 2016-12-31 | 77,944 | 62,352 | SL | 10.000000000000 | 7,794 | 0 | 7,794 | |
| METAL SPRAYER | 2017-05-22 | 3,000 | 2,275 | SL | 10.000000000000 | 300 | 0 | 300 | |
| WYSONG PLATE ROLLER | 2017-05-30 | 8,450 | 6,408 | SL | 10.000000000000 | 845 | 0 | 845 | |
| UTV | 2017-07-11 | 8,000 | 8,000 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PUMP | 2018-02-23 | 3,042 | 1,387 | SL | 15.000000000000 | 203 | 0 | 203 | |
| EXCAVATOR | 2018-06-12 | 12,000 | 7,900 | SL | 10.000000000000 | 1,200 | 0 | 1,200 | |
| SHUTTLE VEHICLE | 2018-11-05 | 10,700 | 10,700 | SL | 5.000000000000 | 0 | 0 | 0 | |
| TRAILER | 2019-07-24 | 6,075 | 6,075 | SL | 5.000000000000 | 0 | 0 | 0 | |
| 2009 31 FT TRAILER | 2019-09-25 | 8,508 | 8,508 | SL | 5.000000000000 | 0 | 0 | 0 | |
| METAL WORKING MACHINERY | 2019-12-01 | 20,000 | 10,167 | SL | 10.000000000000 | 2,000 | 0 | 2,000 | |
| FURNITURE & FIXTURES | 2016-12-31 | 9,592 | 7,672 | SL | 10.000000000000 | 959 | 0 | 959 | |
| FURNISHINGS | 2017-08-01 | 3,965 | 2,944 | SL | 10.000000000000 | 397 | 0 | 397 | |
| ARC-HEAT ARC WELDER | 2021-09-09 | 3,295 | 1,100 | SL | 10.000000000000 | 330 | 0 | 330 | |
| SCULPTURE PARK PATIO | 2022-02-16 | 7,994 | 1,510 | SL | 15.000000000000 | 533 | 0 | 533 | |
| HORIZON MACHINE | 2022-07-29 | 3,339 | 807 | SL | 10.000000000000 | 334 | 0 | 334 | |
| WOOD MILL MACHINE | 2023-02-03 | 8,170 | 1,566 | SL | 10.000000000000 | 817 | 0 | 817 | |
| LAYORE 2700 | 2024-05-14 | 4,000 | 267 | SL | 10.000000000000 | 400 | 0 | 400 | |
| IRON MACHINERY | 2024-11-10 | 6,500 | 108 | SL | 10.000000000000 | 650 | 0 | 650 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY INVESTMENTS #4677 | 305,127 | 341,112 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 825,000 | 0 | 825,000 | 825,000 |
| BUILDING & IMPROVEMENTS | 2,501,500 | 562,842 | 1,938,658 | 1,938,658 |
| BUILDING IMPROVEMENTS | 80,162 | 18,036 | 62,126 | 62,126 |
| LAND - ORCHARDS | 176,448 | 0 | 176,448 | 176,448 |
| SEPTIC SYSTEM | 6,920 | 4,111 | 2,809 | 2,809 |
| WOODWORKING SHOP | 240,340 | 36,555 | 203,785 | 203,785 |
| MACHINERY & EQUIPMENT | 77,944 | 70,146 | 7,798 | 7,798 |
| METAL SPRAYER | 3,000 | 2,575 | 425 | 425 |
| WYSONG PLATE ROLLER | 8,450 | 7,253 | 1,197 | 1,197 |
| UTV | 8,000 | 8,000 | 0 | 0 |
| PUMP | 3,042 | 1,590 | 1,452 | 1,452 |
| EXCAVATOR | 12,000 | 9,100 | 2,900 | 2,900 |
| SHUTTLE VEHICLE | 10,700 | 10,700 | 0 | 0 |
| TRAILER | 6,075 | 6,075 | 0 | 0 |
| 2009 31 FT TRAILER | 8,508 | 8,508 | 0 | 0 |
| METAL WORKING MACHINERY | 20,000 | 12,167 | 7,833 | 7,833 |
| FURNITURE & FIXTURES | 9,592 | 8,631 | 961 | 961 |
| FURNISHINGS | 3,965 | 3,341 | 624 | 624 |
| ARC-HEAT ARC WELDER | 3,295 | 1,430 | 1,865 | 1,865 |
| SCULPTURE PARK PATIO | 7,994 | 2,043 | 5,951 | 5,951 |
| HORIZON MACHINE | 3,339 | 1,141 | 2,198 | 2,198 |
| WOOD MILL MACHINE | 8,170 | 2,383 | 5,787 | 5,787 |
| LAYORE 2700 | 4,000 | 667 | 3,333 | 3,333 |
| IRON MACHINERY | 6,500 | 758 | 5,742 | 5,742 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 250 | 0 | 0 | 250 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART | 6,000 | 6,000 | 6,000 |
| DEPOSIT - WATER RIGHTS AQUISITION | 25,221 | 25,221 | 25,221 |
| DEPOSIT - DOCUMENTARY | 3,000 | 3,000 | 3,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO AND TRUCK EXPENSES | 6,894 | 0 | 0 | 6,894 |
| MAINTENANCE & SUPPLIES | 47,562 | 0 | 0 | 42,824 |
| ARTIST SUPPLIES | 22,235 | 0 | 0 | 22,235 |
| DUES & SUBSCRIPTIONS | 1,006 | 0 | 0 | 1,006 |
| BANK SERVICE FEES | 105 | 0 | 0 | 105 |
| OFFICE SUPPLIES | 3,788 | 0 | 0 | 3,789 |
| PENALTIES | 150 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED GAIN | 471,454 | 471,454 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEWARD HOMES INC | UNRELATED | 600,000 | 600,000 | 2024-06 | 2026-05 | INTEREST ONLY | 1000.0000000000 % | LAND, EQUIPMENT, AND PERSONAL PROPERTY SECURED BY DEED OF TRUST | TO PURCHASE LAND | LAND - 7.5 ACRES | 600,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX PAID | 2,665 | 0 | 0 | 0 |
| OTHER TAXES | 16 | 0 | 0 | 16 |