| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX RETURN PREP | 31,743 | 0 | 31,743 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 49,785 | 49,785 |
| Item No. | 1 |
|---|---|
| Lender's Name | TD BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 100,000 |
| Balance Due | 84,307 |
| Date of Note | 2025-04 |
| Maturity Date | 2026-04 |
| Repayment Terms | UPON DEMAND |
| Interest Rate | 8.0000 |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | WORKING CAPITAL |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSIT | 14,129 | 1,586 | 1,586 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 198 | 198 | ||
| AUTOMOBILE | 7,696 | 7,696 | ||
| BANK CHARGES | 451 | 451 | ||
| DUES & SUBSCRIPTIONS | 7,599 | 7,599 | ||
| EMPLOYEE BENEFITS | 20,437 | 20,437 | ||
| GIFTS | 612 | 612 | ||
| INSURANCE | 6,452 | 6,452 | ||
| INTERNET | 1,100 | 1,100 | ||
| MANAGEMENT FEES | 24,000 | 24,000 | ||
| MOVING EXPENSES | 250 | 250 | ||
| OFFICE SUPPLIES | 305 | 305 | ||
| OUTSIDE SERVICES | 175,999 | 175,999 | ||
| POSTAGE AND DELIVERY | 374 | 374 | ||
| PROFESSIONAL DEVELOPMENT | 101 | 101 | ||
| PROGRAM SUPPLIES | 510 | 510 | ||
| SOFTWARE AND COMPUTER SUPPLIES | 3,277 | 3,277 | ||
| STUDENT TRANSPORTATION | 2,700 | 2,700 | ||
| TELEPHONE | 6,655 | 6,655 | ||
| WEBSITE SERVICES | 7,385 | 7,385 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ACADEMY REVENUE | 595,211 | 595,211 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| 401(K) LIABILITY | 1,521 | 1,597 |
| AFLAC PAYABLE | 174 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING SERVICES | 176,860 | 0 | 176,860 | 0 |
| PAYROLL PROCESSING FEES | 3,530 | 0 | 3,530 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 11,391 | 11,391 |