| Person Name | Explanation |
|---|---|
| VINCENT WORMS | |
| ELLEN FRIEDMAN | |
| HILARIE FABERMEN | |
| NIMFA MATSON |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE 207 | 2009-10-15 | 10,225 | 3,287 | S/L | 7.0000 | 1,460 | |||
| LHI 207 | 2009-11-15 | 18,353 | 2,652 | S/L | 15.0000 | 1,223 | |||
| CONDO 207 | 2009-10-07 | 480,550 | 28,268 | S/L | 39.0000 | 12,322 | |||
| LHI 207 | 2009-10-29 | 6,015 | 869 | S/L | 15.0000 | 401 | |||
| FURNITURE 207 | 2009-12-29 | 2,616 | 748 | S/L | 7.0000 | 373 | |||
| LAND 207 | 2009-10-07 | 84,803 | |||||||
| FOLSOM ST LAND | 2010-08-25 | 120,000 | |||||||
| FOLSOM ST BLDG | 2010-08-25 | 540,107 | 48,009 | S/L | 15.0000 | 36,007 | |||
| LHI 307 | 2010-08-06 | 1,674 | 159 | S/L | 15.0000 | 111 | |||
| LHI 307 | 2010-11-24 | 4,000 | 325 | S/L | 15.0000 | 266 | |||
| CONSTRUCTION IN PROGRESS | 2010-12-31 | 71,062 | 4,737 | S/L | 15.0000 | 4,738 | |||
| FURNITURE 307 | 2010-01-07 | 1,560 | 446 | S/L | 7.0000 | 223 | |||
| FURNITURE EQUIPMENT | 2011-06-30 | 42,924 | 3,066 | S/L | 7.0000 | 6,132 | |||
| BUILDING IMPROVEMENTS - FOLSOM | 2011-06-30 | 194,625 | 6,488 | S/L | 15.0000 | 12,975 | |||
| FOLSOM ST IMPROVEMENTS | 2012-06-30 | 15,860 | S/L | 39.0000 | 215 | ||||
| FURNITURE & EQUIPMENT | 2012-06-30 | 6,168 | 200DB | 5.0000 | 5,426 |
| Employee | Explanation |
|---|---|
| JOSEPH DEL PESCO | |
| DEVON BELLA |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| T ROWE PRICE INTERNATIONAL BOND | FMV | ||
| FIDELITY INTER BOND | AT COST | ||
| SPTN INTER TREAS BND | FMV | ||
| VANGUARD LONG-TERM | FMV | ||
| FIDELITY SECURITIES | FMV | 1,402,425 | 1,402,425 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LHI 207 | 18,353 | 3,875 | 14,478 | |
| LHI 207 | 6,015 | 1,270 | 4,745 | |
| LHI 307 | 1,674 | 270 | 1,404 | |
| LHI | 4,000 | 591 | 3,409 | |
| CONSTRUCTION IN PROGRESS | 71,062 | 9,475 | 61,587 | |
| FURNITURE 207 | 10,225 | 4,747 | 5,478 | |
| FURNITURE FOR CONDO | 2,616 | 1,121 | 1,495 | |
| FURNITURE 307 | 1,560 | 669 | 891 | |
| CONDO 207 | 480,550 | 40,590 | 439,960 | |
| FOLSOM ST BLDG | 540,107 | 84,016 | 456,091 | |
| FURNITURE EQUIPMENT | 42,924 | 9,198 | 33,726 | |
| BUILDING IMPROVE FOLSOM | 194,625 | 19,463 | 175,162 | |
| FOLSOM ST IMPROVEMENTS | 15,860 | 215 | 15,645 | |
| FURNITURE | 6,168 | 5,426 | 742 | |
| CONDO LAND | 84,803 | 84,803 | 84,803 | |
| FOLSOM STREET LAND | 120,000 | 120,000 | 120,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 16,780 | 16,780 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 10,629,271 | 12,539,400 | 12,539,400 |
| OTHER ASSETS | 35,782 | 35,782 | |
| ART DISCOVERY | 849,318 | 849,318 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SPONSORSHIP AND DONATIONS | 73,973 | 73,973 | ||
| STIPENDS | 2,600 | 2,600 | ||
| PAYROLL PROCESSING FEE | 2,195 | 2,195 | ||
| WORKERS' COMPENSATION INS | 918 | 918 | ||
| ADVERTISING | 5,288 | 5,288 | ||
| GALLERY ATTENDANT FEE | 1,650 | 1,650 | ||
| OUTSIDE CONTRACT SERVICES | 59,405 | 59,405 | ||
| EQUIPMENT AV | 2,295 | 2,295 | ||
| EQUIPMENT BLDG | 345 | 345 | ||
| COLLECTION EXP | 151,339 | 151,339 | ||
| GENERAL | 27,991 | 27,991 | ||
| EVENT EXPENSES | 1,735 | 1,735 | ||
| WEBSITE | 995 | 995 | ||
| PRODUCTION/EXHIBITION COSTS | 5,564 | 5,564 | ||
| OPERATIONS | 27,330 | 27,330 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET REAL GAIN/UNREALIZED LOSS | 172,681 | 172,681 |
| Description | Amount |
|---|---|
| PRIOR YEAR ADJUSTMENT | 1,883 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| APPRAISAL FEES | 438 | 438 | ||
| ARTIST/GUEST CURATOR/RESIDENT FE | 4,310 | 4,310 | ||
| CONTRACTOR/ART ADVISOR | 60,594 | 60,594 | ||
| PHOTOGRAPHER/VIDEOGRAPHER | 3,700 | 3,700 | ||
| BOARD MEMBER FEE | 3,000 | 3,000 |
| Name | Address |
|---|---|
| VINCENT WORMS |
50 CALIFORNIA ST 3200 SAN FRANCISCO,CA94111 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 17,617 | 17,617 | ||
| CA ATTY GENERAL | 277 | 277 | ||
| CA TAXES | 10 | 10 |