| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 22,225 | 0 | 0 | 22,225 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ENGINE | 2022-08-01 | 1,200,000 | 414,287 | SL | 7.000000000000 | 171,429 | 0 | 171,429 | |
| AIRFRAME | 2022-08-01 | 1,991,476 | 320,848 | SL | 15.000000000000 | 132,764 | 0 | 132,764 | |
| AIRFRAME - RESIDUAL VALUE | 2022-08-01 | 1,000,000 | NC | 0 % | 0 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| US TREASURY BILLS | AT COST | 975,321 | 975,305 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| ENGINE | 1,200,000 | 585,716 | 614,284 | |
| AIRFRAME | 1,991,476 | 453,612 | 1,537,864 | |
| AIRFRAME - RESIDUAL VALUE | 1,000,000 | 0 | 1,000,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 1,083 | 0 | 0 | 1,083 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 292,820 | 0 | 52,725 | 242,429 |
| VEHICLE | 784 | 0 | 0 | 713 |
| INSURANCE | 64,057 | 0 | 0 | 39,647 |
| ADVERTISING | 77,222 | 0 | 0 | 76,455 |
| AIRCRAFT FUEL | 353,994 | 0 | 353,994 | 0 |
| SUPPLIES | 3,058 | 0 | 0 | 3,058 |
| OFFICE EXPENSE | 48,167 | 0 | 0 | 47,986 |
| TRAINING | 54,416 | 0 | 0 | 54,416 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| AIRCRAFT SERVICES FOR PET RESCUE | 615,045 | 615,045 | |
| MISCELLANEOUS INCOME | 7,500 | 7,500 |
| Description | Amount |
|---|---|
| SECTION 481(A) ADJUSTMENT | 111,369 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD LIABILITY | 25,142 | 16,444 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 222,586 | 0 | 0 | 236,984 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INCOME TAX | 2,560 | 0 | 0 | 0 |