| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 4,785 | 0 | 1,500 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE EQUIPMENT | 1996-07-01 | 5,429 | SL | 7.000000000000 | 0 | 0 | 0 | ||
| EQUIPMENT | 1986-06-30 | 6,047 | SL | 5.000000000000 | 0 | 0 | 0 | ||
| OFFICE EQUIPMENT | 1997-06-30 | 2,678 | SL | 7.000000000000 | 0 | 0 | 0 | ||
| BUILDING | 1998-12-31 | 230,516 | 109,496 | ADS | 40.000000000000 | 5,763 | 0 | 0 | |
| PAINTINGS RECOVERE | 2000-12-15 | 13,651 | 0 % | 0 | 0 | 0 | |||
| PAINTING | 2002-10-28 | 15,000 | 0 % | 0 | 0 | 0 | |||
| PAINTING | 2003-12-31 | 10,189 | 0 % | 0 | 0 | 0 | |||
| PAINTINGS | 1986-06-30 | 3,016 | 0 % | 0 | 0 | 0 | |||
| PAINTING | 2014-12-31 | 4,350 | 0 % | 0 | 0 | 0 | |||
| PAINTING | 2011-12-31 | 3,915 | 0 % | 0 | 0 | 0 | |||
| PAINTING | 2013-10-31 | 10,000 | 0 % | 0 | 0 | 0 | |||
| PAINTINGS | 1998-04-15 | 11,250 | 0 % | 0 | 0 | 0 | |||
| PAINTINGS | 1998-04-15 | 1,288,892 | 0 % | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE EQUIPMENT | 5,429 | 0 | 5,429 | 5,429 |
| EQUIPMENT | 6,047 | 0 | 6,047 | 6,047 |
| OFFICE EQUIPMENT | 2,678 | 0 | 2,678 | 2,678 |
| BUILDING | 230,516 | 115,259 | 115,257 | 115,257 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2,306 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 1,349,013 | 1,350,013 | 1,350,013 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE | 4,255 | 0 | 213 | 4,042 |
| OFFICE EXPENSE | 2,261 | 0 | 113 | 2,148 |
| SUPPLIES | 363 | 0 | 182 | 181 |
| TELEPHONE | 2,047 | 0 | 102 | 1,945 |
| GRAPHIC ARTS EXPENSE | 2,538 | 0 | 1,269 | 1,269 |
| POSTAGE AND COURIERS | 467 | 0 | 23 | 444 |
| MISCELLANEOUS | 3,436 | 0 | 172 | 3,264 |
| PAINTING CONSERVATION | 1,260 | 0 | 630 | 630 |
| UTILITIES | 1,179 | 0 | 59 | 1,120 |
| RELOCATION COSTS | 236 | 0 | 12 | 224 |
| COMMUNICATION AND WEBSITE | 1,302 | 0 | 65 | 1,237 |
| BANK FEES | 602 | 0 | 0 | 0 |
| FOREIGN CURRENCY EXCHANGE | 5,819 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN PAYABLE | 175,000 | 175,000 |
| Name | Address |
|---|---|
| CATERINA SATTA |
VIA LIBERTA 29 ARCISATE 21051 IT |
| PIERLUIGI SECCHI |
VIA BARTOLOMEO DALVIANO 2 MILANO 20146 IT |
| GIOVANNI GRILLO |
PIAZZA GERUSALEMME 3 MILANO 20154 IT |
| LUIGI DE SANTIS |
VIALE CORSICA 38 MILANO 20137 IT |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 356 | 0 | 51 | 0 |
| PAYROLL TAXES | 667 | 0 | 0 | 0 |