| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,412 | 3,412 |
| 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 | 7,669 | S/L | 7.0000 | 1,461 | |||
| LHI 207 | 2009-11-15 | 18,353 | 6,322 | S/L | 15.0000 | 1,224 | |||
| CONDO 207 | 2009-10-07 | 480,550 | 65,233 | S/L | 39.0000 | 12,322 | |||
| LHI 207 | 2009-10-29 | 6,015 | 2,072 | S/L | 15.0000 | 401 | |||
| FURNITURE 207 | 2009-12-29 | 2,616 | 1,869 | 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 | 156,031 | S/L | 15.0000 | 36,007 | |||
| LHI 307 | 2010-08-06 | 1,674 | 493 | S/L | 15.0000 | 112 | |||
| LHI 307 | 2010-11-24 | 4,000 | 1,125 | S/L | 15.0000 | 266 | |||
| CONSTRUCTION IN PROGRESS | 2010-12-31 | 71,062 | 18,950 | S/L | 15.0000 | 4,737 | |||
| FURNITURE 307 | 2010-01-07 | 1,560 | 1,114 | S/L | 7.0000 | 223 | |||
| FURNITURE EQUIPMENT | 2011-06-30 | 42,924 | 21,462 | S/L | 7.0000 | 6,132 | |||
| BUILDING IMPROVEMENTS - FOLSOM | 2011-06-30 | 194,625 | 45,413 | S/L | 15.0000 | 12,975 | |||
| FOLSOM ST IMPROVEMENTS | 2012-06-30 | 15,860 | 1,008 | S/L | 39.0000 | 396 | |||
| FURNITURE & EQUIPMENT | 2012-06-30 | 6,168 | 5,901 | 200DB | 5.0000 | 107 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| ART SALES | 2015-05 | PURCHASE | 2015-09 | 215,000 | 99,103 | 115,897 |
| 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 | 411,399 | 984,340 | |
| CONDO LAND | 84,803 | 84,803 | ||
| FOLSOM STREET LAND | 120,000 | 120,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 15,985 | 15,985 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 13,998,731 | 14,757,891 | |
| OTHER ASSETS | 35,782 | 35,782 | |
| KADIST PARIS | 7,053 | 34,100 | |
| ART DISCOVERY | 1,036,088 | 356,987 | |
| INVESTMENT IN URBSIS | 668,468 | 668,468 | |
| OTHER ASSETS - ADL GUTAI | 70,580 | 94,792 | |
| VW RECEIVABLE | 286,294 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SPONSORSHIP/RESIDENCY & DONAT | 14,759 | 14,759 | ||
| ART WORK COLLECTION, FRAMING/ | 166,612 | 166,612 | ||
| ADVERTISING | 16,312 | 16,312 | ||
| ASIA PROGRAMS | 11,113 | 11,113 | ||
| BRYANT ST EXPENSES | 17,482 | 17,482 | ||
| KADIVIEWS | 15,372 | 15,372 | ||
| KCC | 59,713 | 59,713 | ||
| LOCAL EVENTS/EXHIBITIONS | 110,095 | 110,095 | ||
| EXTERNAL PROGRAMS | 35,246 | 35,245 | ||
| OPERATIONS | 72,613 | 72,613 | ||
| INSURANCE | 1,333 | 1,333 | ||
| GIFTS | 760 | 760 | ||
| OTHER | 5,886 | 5,886 | ||
| KAPSUL | 47,869 | 47,869 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REALIZED GAIN | 1,452 | ||
| UNREALIZED GAIN | -2,625 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ARTNOW FOUNDATION ADVANCE | 700,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTOR/ART ADVISOR/CONSULTIN | 22,397 | 22,397 | ||
| BOARD MEMBER FEE | 3,000 | 3,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | ||||
| CA ATTY GENERAL | 150 | 150 | ||
| OTHER TAXES | 321 | 321 |