| 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 & BUILDINGS | 2008-01-01 | 21,706,239 | SL | 0 % | 0 | 0 | |||
| FURNITURE & FIXTURES | 2008-01-01 | 125,000 | SL | 0 % | 0 | 0 | |||
| EQUIPMENT | 2008-01-01 | 46,317 | 46,317 | SL | 0 % | 0 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2010-01-01 | 9,773 | SL | 15.000000000000 | 652 | 0 | |||
| LEASEHOLD IMPROVEMENTS | 2010-01-01 | 10,189 | SL | 15.000000000000 | 679 | 0 | |||
| CAPITAL IMPROVEMENTS - 1334/6 G ST, NW | 2010-01-01 | 282,961 | SL | 30.000000000000 | 9,432 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART V, QUALIFICATION UNDER SEC.4940(E) FOR REDUCED TAX ON NET INV. INCOME | THE FOUNDATION IS STILL WITHIN THE 2 YEAR TIME FRAME UNDER SECTION 4942(A), AND THEREFORE IS NOT LIABLE FOR MAKING SUFFICIENT QUALIFYING DISTRIBUTIONS UNTIL JANUARY 1, 2013. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND & BUILDINGS | 21,706,239 | 0 | 21,706,239 | 0 |
| FURNITURE & FIXTURES | 125,000 | 0 | 125,000 | 0 |
| EQUIPMENT | 46,317 | 46,317 | 0 | |
| LEASEHOLD IMPROVEMENTS | 9,773 | 652 | 9,121 | 0 |
| LEASEHOLD IMPROVEMENTS | 10,189 | 679 | 9,510 | 0 |
| CAPITAL IMPROVEMENTS - 1334/6 G ST, NW | 282,961 | 9,432 | 273,529 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 262,293 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER ASSETS | 649,798 | 761,164 | 761,164 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 4,016 | 0 | 4,016 | |
| MISCELLANEOUS | 241 | 0 | 241 |