| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX RETURN | ||||
| PREPARATION FEES | 139,929 | 27,956 | 111,973 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNISHINGS | 2013-06-23 | 221 | 16 | SL | 7 | 32 | |||
| COMPUTER | 2013-09-06 | 669 | 39 | SL | 5 | 134 | |||
| FURNISHNIGS | 2013-12-04 | 23 | SL | 7 | 3 | ||||
| EQUIPMENT | 2013-03-19 | 1,620 | 243 | SL | 5 | 324 | |||
| TELEPHONE | 2014-10-21 | 1,558 | SL | 7 | 37 | ||||
| DESKS | 2014-10-28 | 610 | SL | 7 | 15 | ||||
| CHAIRS | 2014-10-29 | 420 | SL | 7 | 10 | ||||
| WINDOW COVERINGS | 2014-11-25 | 1,947 | SL | 7 | 23 | ||||
| MONITOR | 2014-10-30 | 156 | SL | 7 | 4 | ||||
| MONITOR | 2014-10-31 | 156 | SL | 7 | 4 | ||||
| MONITORS | 2014-10-31 | 156 | SL | 7 | 4 | ||||
| CABINETS | 2014-08-20 | 2,967 | SL | 7 | 35 | ||||
| CABINETS | 2014-09-10 | 796 | SL | 7 | 9 | ||||
| MONITORS | 2014-02-05 | 1,855 | SL | 5 | 31 | ||||
| MONITORS | 2014-06-10 | 729 | SL | 5 | 12 | ||||
| MONITORS | 2014-06-11 | 1,587 | SL | 5 | 26 | ||||
| MONITORS | 2014-12-01 | 1,987 | SL | 5 | 33 | ||||
| MONITORS | 2014-06-13 | 640 | SL | 5 | 11 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNISHINGS | 221 | 48 | 173 | |
| COMPUTER | 669 | 173 | 496 | |
| FURNISHNIGS | 23 | 3 | 20 | |
| EQUIPMENT | 1,620 | 567 | 1,053 | |
| TELEPHONE | 1,558 | 37 | 1,521 | |
| DESKS | 610 | 15 | 595 | |
| CHAIRS | 420 | 10 | 410 | |
| WINDOW COVERINGS | 1,947 | 23 | 1,924 | |
| MONITOR | 156 | 4 | 152 | |
| MONITOR | 156 | 4 | 152 | |
| MONITORS | 156 | 4 | 152 | |
| CABINETS | 2,967 | 35 | 2,932 | |
| CABINETS | 796 | 9 | 787 | |
| MONITORS | 1,855 | 31 | 1,824 | |
| MONITORS | 729 | 12 | 717 | |
| MONITORS | 1,587 | 26 | 1,561 | |
| MONITORS | 1,987 | 33 | 1,954 | |
| MONITORS | 640 | 11 | 629 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES IN CONNECTION WITH | ||||
| EXEMPT PURPOSES | 5,917 | 1,183 | 4,734 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| WORKS OF ART - R. DIEBENKORN | 40,726,040 | 47,084,464 | 38,858,814 |
| OTHER ASSETS | 2,958 | 2,958 | 2,958 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 79,010 | 79,010 | ||
| BUSINESS REGISTRATION FEES | 79 | 79 | ||
| BANK CHARGES | 193 | 193 | ||
| OFFICE EQUIPMENT RENTAL | 7,668 | 7,668 | ||
| JANITORIAL SERVICE | 8,780 | 8,780 | ||
| REPAIRS AND MAINTENANCE | 3,517 | 3,517 | ||
| POSTAGE, MAILING SERVICE | 5,139 | 5,139 | ||
| SUPPLIES | 11,763 | 11,763 | ||
| TELEPHONE | 11,212 | 11,212 | ||
| MEMBERSHIPS AND DUES | 2,970 | 2,970 | ||
| MISCELLANEOUS EXPENSES | 4,865 | 4,865 | ||
| CATALOGUE RAISONNE | 56,467 | 56,467 | ||
| PHOTO AND DUPLICATING EXPENSES | 3,236 | 3,236 | ||
| BOOKS,SUBSCRIPTIONS,REFERENCE | 6,289 | 6,289 | ||
| STAFF DEVELOPMENT | 188 | 188 | ||
| ADDBACK OF PY ACCRUED EXPENSES | 121,570 | |||
| LESS CY ACCRUED EXPENSES | -83,224 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 12,680 | 15,724 |
| CREDIT CARD PAYABLE | 133 | 5,809 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT AND CONSULTING FEES | 104,723 | 104,723 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 56,319 | 56,319 |