| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,127 | 4,127 |
| 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 | 6,208 | S/L | 7.0000 | 1,461 | |||
| LHI 207 | 2009-11-15 | 18,353 | 5,099 | S/L | 15.0000 | 1,223 | |||
| CONDO 207 | 2009-10-07 | 480,550 | 52,911 | S/L | 39.0000 | 12,322 | |||
| LHI 207 | 2009-10-29 | 6,015 | 1,671 | S/L | 15.0000 | 401 | |||
| FURNITURE 207 | 2009-12-29 | 2,616 | 1,495 | 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 | 120,023 | S/L | 15.0000 | 36,008 | |||
| LHI 307 | 2010-08-06 | 1,674 | 382 | S/L | 15.0000 | 111 | |||
| LHI 307 | 2010-11-24 | 4,000 | 858 | S/L | 15.0000 | 267 | |||
| CONSTRUCTION IN PROGRESS | 2010-12-31 | 71,062 | 14,212 | S/L | 15.0000 | 4,738 | |||
| FURNITURE 307 | 2010-01-07 | 1,560 | 892 | S/L | 7.0000 | 222 | |||
| FURNITURE EQUIPMENT | 2011-06-30 | 42,924 | 15,330 | S/L | 7.0000 | 6,132 | |||
| BUILDING IMPROVEMENTS - FOLSOM | 2011-06-30 | 194,625 | 32,438 | S/L | 15.0000 | 12,975 | |||
| FOLSOM ST IMPROVEMENTS | 2012-06-30 | 15,860 | 611 | S/L | 39.0000 | 397 | |||
| FURNITURE & EQUIPMENT | 2012-06-30 | 6,168 | 5,723 | 200DB | 5.0000 | 178 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| EDOUART MANET PAINTING | 2010-01 | PURCHASE | 2014-06 | 1,369,166 | 1,000,016 | 369,150 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDELITY SECURITIES | FMV |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FIXED ASSETS | 1,395,739 | 334,662 | 1,061,077 | 1,395,739 |
| 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 | 16,059 | 16,059 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 14,294,541 | 13,998,731 | 13,998,731 |
| OTHER ASSETS | 35,782 | 35,782 | 35,782 |
| KADIST PARIS | 7,053 | 7,053 | |
| ART DISCOVERY | 850,932 | 1,036,088 | 1,036,088 |
| INVESTMENT IN URBSIS | 668,468 | 668,468 | 668,468 |
| OTHER ASSETS - ADL GUTAI | 104,065 | 70,580 | 70,580 |
| VW RECEIVABLE | 286,294 | 286,294 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SPONSORSHIP/RESIDENCY & DONAT | 18,702 | 18,702 | ||
| ART WORK COLLECTION, FRAMING/ | 34,440 | 34,440 | ||
| ADVERTISING | 14,148 | 14,148 | ||
| ASIA PROGRAMS | 28,025 | 28,025 | ||
| BRYANT ST EXPENSES | 12,516 | 12,516 | ||
| KADIVIEWS | 16,318 | 16,318 | ||
| KCC | 1,950 | 1,950 | ||
| LOCAL EVENTS/EXHIBITIONS | 111,750 | 111,750 | ||
| EXTERNAL PROGRAMS | 26,780 | 26,780 | ||
| OPERATIONS | 69,387 | 69,387 | ||
| INSURANCE | 1,261 | 1,261 | ||
| GIFTS | 2,344 | 2,344 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REALIZED GAIN | 129 | ||
| UNREALIZED GAIN | 19,891 | ||
| CCSF TAX REFUND | 18,443 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTOR/ART ADVISOR | 3,000 | 3,000 | ||
| BOARD MEMBER FEE | 3,000 | 3,000 |
| Name | Address |
|---|---|
| VINCENT WORMS |
200 CALIFORNIA ST 5TH FLR SAN FRANCISCO,CA94111 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 1,056 | 1,056 | ||
| CA ATTY GENERAL | 150 | 150 |