| 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 | 4,747 | S/L | 7.0000 | 1,461 | |||
| LHI 207 | 2009-11-15 | 18,353 | 3,875 | S/L | 15.0000 | 1,224 | |||
| CONDO 207 | 2009-10-07 | 480,550 | 40,590 | S/L | 39.0000 | 12,321 | |||
| LHI 207 | 2009-10-29 | 6,015 | 1,270 | S/L | 15.0000 | 401 | |||
| FURNITURE 207 | 2009-12-29 | 2,616 | 1,121 | S/L | 7.0000 | 374 | |||
| CONDO LAND 207 | 2009-10-07 | 84,803 | |||||||
| FOLSOM ST LAND | 2010-08-25 | 120,000 | |||||||
| FOLSOM ST BLDG | 2010-08-25 | 540,107 | 84,016 | S/L | 15.0000 | 36,007 | |||
| LHI 307 | 2010-08-06 | 1,674 | 270 | S/L | 15.0000 | 112 | |||
| LHI 307 | 2010-11-24 | 4,000 | 591 | S/L | 15.0000 | 267 | |||
| CONSTRUCTION IN PROGRESS | 2010-12-31 | 71,062 | 9,475 | S/L | 15.0000 | 4,737 | |||
| FURNITURE 307 | 2010-01-07 | 1,560 | 669 | S/L | 7.0000 | 223 | |||
| FURNITURE EQUIPMENT | 2011-06-30 | 42,924 | 9,198 | S/L | 7.0000 | 6,132 | |||
| BUILDING IMPROVEMENTS - FOLSOM | 2011-06-30 | 194,625 | 19,463 | S/L | 15.0000 | 12,975 | |||
| FOLSOM ST IMPROVEMENTS | 2012-06-30 | 15,860 | 215 | S/L | 39.0000 | 396 | |||
| FURNITURE & EQUIPMENT | 2012-06-30 | 6,168 | 5,426 | 200DB | 5.0000 | 297 |
| Employee | Explanation |
|---|---|
| JOSEPH DEL PESCO | |
| MELISSA SCHEIDERER | |
| DEVON BELLA |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDELITY SECURITIES | FMV | 9,433 | 9,433 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LHI 207 | 18,353 | 5,099 | 13,254 | 18,353 |
| LHI 207 | 6,015 | 1,671 | 4,344 | 6,015 |
| LHI 307 | 1,674 | 382 | 1,292 | 1,674 |
| LHI | 4,000 | 858 | 3,142 | 4,000 |
| CONSTRUCTION IN PROGRESS | 71,062 | 14,212 | 56,850 | 71,062 |
| FURNITURE 207 | 10,225 | 6,208 | 4,017 | 10,225 |
| FURNITURE FOR CONDO | 2,616 | 1,495 | 1,121 | 2,616 |
| FURNITURE 307 | 1,560 | 892 | 668 | 1,560 |
| CONDO 207 | 480,550 | 52,911 | 427,639 | 480,550 |
| FOLSOM ST BLDG | 540,107 | 120,023 | 420,084 | 540,107 |
| FURNITURE EQUIPMENT | 42,924 | 15,330 | 27,594 | 42,924 |
| BUILDING IMPROVE FOLSOM | 194,625 | 32,438 | 162,187 | 194,625 |
| FOLSOM ST IMPROVEMENTS | 15,860 | 611 | 15,249 | 15,860 |
| FURNITURE | 6,168 | 5,723 | 445 | 6,168 |
| 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 | 14,458 | 14,458 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 12,539,400 | 14,294,541 | 14,294,541 |
| OTHER ASSETS | 35,782 | 35,782 | 35,782 |
| ART DISCOVERY | 849,318 | 850,932 | 850,932 |
| INVESTMENT IN URBSIS | 668,468 | 668,468 | |
| OTHER ASSETS - ADL GUTAI | 104,065 | 104,065 |
| Description | Amount |
|---|---|
| ROUNDING | 9 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SPONSORSHIP AND DONATIONS | 116,750 | 116,750 | ||
| ADVERTISING | 18,612 | 18,612 | ||
| ASIA PROGRAMS | 9,867 | 9,867 | ||
| BRYANT ST EXPENSES | 17,126 | 17,126 | ||
| KADIVIEWS | 9,530 | 9,530 | ||
| KAPSUL | 2,375 | 2,375 | ||
| KCC | 5,519 | 6,519 | ||
| LOCAL EVENTS/EXHIBITIONS | 55,111 | 55,111 | ||
| OUTSIDE CONTRACT SERVICES | 8,550 | 8,550 | ||
| COLLECTION EXP | 171,839 | 273,972 | ||
| GENERAL | 536 | |||
| WEBSITE | 3,550 | 3,550 | ||
| OPERATIONS | 50,393 | |||
| UNREALIZED LOSS | 262,734 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REALIZED GAIN | 233,800 | 233,800 | |
| PROPERTY TAX REFUND | 19,121 | 19,121 | |
| STATE TAX REFUND | 1,825 | 1,825 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RESIDENCY FEE/STIPENDS | 17,507 | 17,507 | ||
| CONTRACTOR/ART ADVISOR | 54,536 | 54,536 | ||
| BOARD MEMBER FEE | 3,000 |
| Name | Address |
|---|---|
| VINCENT WORMS |
50 CALIFORNIA ST 3200 SAN FRANCISCO,CA94111 |