| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 13,755 | 0 | 0 | 13,755 |
| 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 FURNITURE | 2005-01-01 | 44,838 | 44,838 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2007-01-01 | 40,037 | 46,711 | SL | 5.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2004-01-01 | 16,000 | 16,000 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2008-01-01 | 10,964 | 9,137 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2009-01-01 | 11,961 | 9,967 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2010-01-01 | 11,961 | 9,967 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENT | 2011-01-01 | 100,588 | 21,236 | SL | 15.000000000000 | 6,706 | 0 | 6,706 | |
| VEHICLES | 2011-01-01 | 5,981 | 3,787 | SL | 5.000000000000 | 1,196 | 0 | 1,196 | |
| OFFICE FURNITURE | 2012-01-01 | 25,862 | 15,516 | SL | 5.000000000000 | 5,172 | 0 | 5,172 | |
| LEASEHOLD IMPROVEMENT | 2012-01-01 | 34,995 | 6,999 | SL | 15.000000000000 | 2,333 | 0 | 2,333 | |
| LEASEHOLD IMPROVEMENT | 2013-01-01 | 84,392 | 11,252 | SL | 15.000000000000 | 5,626 | 0 | 5,626 | |
| LEASEHOLD IMPROVEMENT | 2014-01-01 | 29,877 | 1,992 | SL | 15.000000000000 | 1,992 | 0 | 1,992 | |
| LAND | 2015-01-01 | 10,000 | L | 0 | 0 | 0 | |||
| BUILDING | 2015-01-01 | 7,500 | SL | 39.000000000000 | 192 | 0 | 192 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE FURNITURE | 16,000 | 16,000 | 0 | |
| OFFICE FURNITURE | 44,838 | 44,838 | 0 | |
| VEHICLES | 40,037 | 40,037 | 0 | |
| VEHICLES | 10,964 | 9,137 | 1,827 | 1,827 |
| VEHICLES | 11,961 | 9,967 | 1,994 | 1,994 |
| VEHICLES | 11,961 | 9,967 | 1,994 | 1,994 |
| LEASEHOLD IMPROVEMENTS | 100,588 | 27,942 | 72,646 | 72,646 |
| VEHICLES | 5,981 | 4,983 | 998 | 998 |
| OFFICE FURNITURE | 25,861 | 20,688 | 5,173 | 5,173 |
| LEASEHOLD IMPROVEMENTS | 34,995 | 9,332 | 25,663 | 25,663 |
| LEASEHOLD IMPROVEMENTS | 84,392 | 16,878 | 67,514 | 67,514 |
| LEASEHOLD IMPROVEMENTS | 29,877 | 3,984 | 25,893 | 25,893 |
| LAND | 10,000 | 0 | 10,000 | 10,000 |
| BUILDING | 7,500 | 192 | 7,308 | 7,308 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CLASSIC CARS | 6,552,846 | 11,034,683 | 11,266,005 |
| ANTIQUES | 1,677,098 | 1,677,098 | 1,677,098 |
| DEPOSITS | 250,000 | 250,000 | 250,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUILDING MAINTENANCE | 67,820 | 0 | 0 | 67,820 |
| REPAIRS & MAINTENANCE - VEHICLES | 114,264 | 0 | 0 | 114,264 |
| OFFICE EXPENSES | 44,064 | 0 | 0 | 44,064 |
| VEHICLE EXPENSE | 38,031 | 0 | 0 | 38,031 |
| UTILITIES | 45,086 | 0 | 0 | 45,086 |
| BANK FEES | 305 | 0 | 0 | 305 |
| INSURANCE | 2,947 | 0 | 0 | 2,947 |
| REPAIRS & MAINTENANCE - ANTIQUES | 695,556 | 0 | 0 | 695,556 |
| PROPERTY TAX REFUND | -57,047 | 0 | 0 | -57,047 |