| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING - RESTAURANT | 1,538 | 0 | 791 | 747 |
| ACCOUNTING - MUSEUM | 1,538 | 0 | 791 | 747 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER MONITOR | 2010-01-11 | 473 | 53 | 20.00 % | 95 | ||||
| CASH REGISTER - 50% | 2008-04-02 | 193 | 75 | 57 | 17.49 % | 34 | |||
| LANDSCAPING-M | 2004-05-15 | 349 | 121 | 68 | 4.89 % | 17 | |||
| DESK, CHAIR, ETC-1/2 | 2004-06-15 | 248 | 214 | 57 | 8.93 % | 22 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| ATTACHMENT TO FORM 990-PF, SCHEDULE VII-B, QUESTION 1(A):(1) ENGAGE IN THE SALE OR EXCHANGE OR LEASING OF PROPERTY WITH A DISQUALIFIED PERSON?THE ORGANIZATION HAS A LEASE WITH A LIMITED LIABILITY COMPANY OWNED BY JOE CRANE AND DAVID CRANE. THE LEASE IS FOR $1.00 PER MONTH FOR THE 4,000 SQUARE FEET OCCUPIED BY THE MUSEUM AND $850.00 PER MONTH FOR THE 1,700 SQUARE FEET OCCUPIED BY THE RESTAURANT AND GIFT SHOP.(2) BORROW MONEY FROM, LEND MONEY TO, OR OTHERWISE EXTEND CREDIT TO (OR ACCEPT IT FROM) A DISQUALIFIED PERSON?LOANS WERE MADE BY JOE AND MARLENE CRANE TO THE CRANE MUSEUM IN PRIOR YEARS THAT HAVE NOT BEEN REPAID. THERE WERE NO NEW LOANS IN THE CURRENT YEAR.(3) FURNISH GOODS, SERVICES, OR FACILITIES TO (OR ACCEPT THEM FROM) A DISQUALIFIED PERSON?ALL OF THE DIRECTORS PROVIDE SERVICES TO THE MUSEUM WITHOUT COMPENSATION. THE MUSEUM DOES NOT PROVIDE SERVICES OR GOODS WITHOUT CHARGE TO THE DIRECTORS.THE LIMITED LIABILITY COMPANY OWNED BY THE CRANE FAMILY PROVIDES FACILITIES FOR THE MUSEUM AT A BARGAIN RATE. THE FAIR MARKET VALUE FOR THE CONTRIBUTION OF THE USE OF THE FACILITIES FOR THE TWELVE MONTHS WAS $23,976. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Miscellaneous | 60,629 | 58,600 | 2,029 | 6,063 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE - RESTAURANT | 898 | 462 | 436 | |
| TELEPHONE - MUSEUM | 898 | 462 | 436 | |
| SUPPLIES - RESTAURANT | 6,321 | 3,252 | 3,069 | |
| SUPPLIES - MUSEUM | 241 | 124 | 117 | |
| POSTAGE & SHIPPING - RESTAURANT | 183 | 94 | 89 | |
| POSTAGE & SHIPPING - MUSEUM | 7 | 4 | 3 | |
| MISCELLANEOUS - RESTAURANT | 433 | 222 | 211 | |
| MISCELLANEOUS - MUSEUM | 245 | 125 | 120 | |
| DUES & SUBSCRIPTIONS - MUSEUM | 50 | 26 | 24 | |
| ADVERTISING - RESTAURANT | 2,948 | 1,517 | 1,431 | |
| ADVERTISING - MUSEUM | 2,948 | 1,517 | 1,431 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MUSEUM ADMISSION | 4,797 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SALES TAXES COLLECTED | 1,707 | 1,898 |
| PAYROLL TAXES WITHHELD | 1,434 | 1,419 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| RESTAURANT & GIFT SHOP | 114,790 | 64,675 | 50,115 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES - RESTAURANT | 531 | 273 | 258 | |
| PAYROLL TAXES - RESTAURANT | 2,338 | 1,203 | 1,135 | |
| PAYROLL TAXES - MUSEUM | 1,323 | 681 | 642 |