| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATIONAL COSTS | 2016-12-23 | 27,185 | 14,496 | 15.0000 | 1,812 | 16,308 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LUCAS'S DESK | 2018-01-17 | 999 | 989 | SL | 7.0000 | 10 | |||
| RUG AND CHAIRS | 2018-03-27 | 302 | 290 | SL | 7.0000 | 12 | |||
| PRINTER | 2022-02-21 | 970 | 915 | SL | 3.0000 | 55 | |||
| LAPTOP | 2022-04-06 | 2,181 | 1,199 | SL | 5.0000 | 436 | |||
| EQUIPMENT | 2022-06-02 | 6,725 | 3,475 | SL | 5.0000 | 1,345 | |||
| COMPUTER | 2022-07-08 | 918 | 460 | SL | 5.0000 | 184 | |||
| OWL VIDEO CONFERENCE | 2022-12-19 | 1,229 | 492 | SL | 5.0000 | 246 | |||
| VEHICLE | 2023-04-19 | 36,696 | 12,232 | SL | 5.0000 | 7,339 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 88,821 | 68,480 | 20,341 | 20,341 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL | 100,368 | 7,131 | 7,131 | 94,427 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INVESTMENT IN INNOVATION CENTER LLC | 158,410 | ||
| Net Intangible Assets | 12,689 | 10,877 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 188,215 | 34,685 | 34,685 | 159,310 |
| Amortization | 1,812 | 906 | 906 | |
| BANK CHARGES | 149 | 45 | 45 | 111 |
| BOOKS | 21,868 | 6,560 | 6,561 | 21,868 |
| DUES & FEES | 3,158 | 565 | 565 | 2,687 |
| EMPLOYEE BENEFITS | 97,591 | 13,180 | 13,180 | 86,608 |
| EVENTS | 40,796 | 12,239 | 12,239 | 40,796 |
| INSURANCE | 12,806 | 3,103 | 3,103 | 10,220 |
| LOAN PROESSING | 1,170 | 351 | 351 | 1,170 |
| MEALS | 6,032 | 1,781 | 1,781 | 4,548 |
| MEETING EXPENSES | 24 | 7 | 7 | 19 |
| OFFICE | 10,254 | 865 | 865 | 9,534 |
| OTHER | 100 | 30 | 30 | 100 |
| REPAIRS | 2,971 | 78 | 78 | 2,905 |
| SOFTWARE & TECHNOLOGY | 56,934 | 10,696 | 10,696 | 48,021 |
| STAFF SUPPORT | 8,366 | 2,510 | 2,510 | 8,366 |
| SUBSTITUTE RECRUITMENT | 10,914 | 3,274 | 3,274 | 10,914 |
| TECHNOLOGY ADV AND ASSISTANCE | 2,464 | 739 | 739 | 2,464 |
| TELEPHONE | 11,878 | 1,558 | 1,558 | 10,580 |
| WORKFORCE INCENTIVE PROGRAM | 147,075 | 44,123 | 44,122 | 147,075 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LOAN INTEREST | 77,700 | 77,700 | 77,700 |
| OTHER INCOME | 4,941 | 4,941 | 4,941 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOANS RECEIVABLE-TOTAL |
8,602,045 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTUAL | 74,571 | 150 | 150 | 74,446 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL | 89,069 | 12,047 | 12,047 | 79,030 |