| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,600 | 1,800 | 0 | 1,800 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| PARCEL 2, 27.38 ACRES | 2001-12-21 | 320,300 | L | 0 | 0 | 0 | |||
| PARCEL 9, 14.39 ACRES | 2001-12-21 | 137,400 | L | 0 | 0 | 0 | |||
| CAPITAL IMPROVEMENTS - LAND | 2001-12-21 | 13,305 | L | 0 | 0 | 0 | |||
| CAPITAL IMPROVEMENTS - LAND | 2004-05-04 | 8,963 | L | 0 | 0 | 0 | |||
| CAPITAL IMPROVEMENTS - LAND | 2006-06-03 | 2,941 | L | 0 | 0 | 0 | |||
| LAND IMPROVEMENTS | 2009-06-30 | 2,840 | L | 0 | 0 | 0 | |||
| 308 S 10TH ST LAND | 2014-08-29 | 15,754 | L | 0 | 0 | 0 | |||
| 308 S 10TH ST BUILDING | 2016-08-01 | 12,890 | SL | 39.000000000000 | 41 | 41 | 0 | ||
| 308 S 10TH ST IMPROVEMENTS 9-30-2015 | 2016-08-01 | 127,294 | SL | 39.000000000000 | 408 | 408 | 0 | ||
| 308 S 10TH ST IMPROVEMENTS 9-30-2016 | 2016-08-01 | 234,521 | SL | 39.000000000000 | 752 | 752 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| OWNERSHIP OF CONTROLLED ENTITIES | FORM 990-PF, PART VII-A, LINE 11: | ALL INCOME AND EXPENSE FROM THE FOLLOWING TWO SOLELY OWNED, DISREGARDED ENTITIES, HAS BEEN INCLUDED IN THIS RETURN.1. SCOTSMAN ENTERPRISES, LLC, HOLDS NOTES AND COLLECTS INTEREST FROM LOANS MADE TO REAL ESTATE DEVELOPERS. IN FYE 09/30/2016, SCOTSMAN RECEIVED $168,714 IN INTEREST INCOME FROM THESE LOANS. SCOTSMAN IS ALSO A 50% OWNER IN 618 NW GLISAN, LLC, WHICH INVESTED IN A COMMERCIAL OFFICE BUILDING IN PORTLAND, OREGON. IN FYE 09/30/2016, SCOTSMAN RECEIVED $42,000 IN INTEREST INCOME FROM THIS INVESTMENT. INTEREST WAS CALCULATED AT A 7% ANNUAL RATE AND HAS BEEN INCLUDED IN PART I OF THIS RETURN. NO OTHER TRANSFERS WERE MADE TO SCOTSMAN IN THE CURRENT TAX YEAR. A 2015 CALENDAR YEAR SCHEDULE K-1 WAS RECEIVED BY SCOTSMAN SHOWING $<54,348> IN NET RENTAL REAL ESTATE LOSS, AND $51 IN NONDEDUCTIBLE MEALS AND ENTERTAINMENT. ENTITY INFORMATION FOR THIS INVESTMENT IS AS FOLLOWS: ENTITY NAME: 618 NW GLISAN, LLC ADDRESS: 610 SW ALDER STREET, SUITE 1221 PORTLAND, OREGON 97205 EIN: 47-20843332. 308 SOUTH 10TH STREET, LLC, HAS INVESTED IN DEVELOPED PROPERTY IN COTTAGE GROVE, OREGON. REPAIRS ON THE PROPERTY WERE COMPLETED THIS YEAR AND THE PROPERTY WAS PLACED IN SERVICE 08/01/2016. RENT WAS COLLECTED FROM TWO UNRELATED PARTIES: THE BOHEMIA GOLD MINING MUSEUM AND THE SOUTH LANE BALLET ACADEMY. NET RENTAL INCOME SHOWN ON PART I, LINE 5(B) WAS CALCULATED AS FOLLOWS: RENT INCOME $3,800.00 DEPRECIATION $<1,200.98> AUGUST & SEPTEMBER INSURANCE, TAXES, FEES, & UTILITIES $<1,208.16> --------- NET RENTAL INCOME $1,390.86 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| WELLS FARGO ADVISORS | 12,450 | 6,695 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| UBS | 1,610,042 | 1,743,071 |
| WELLS FARGO ADVISORS | 3,602,036 | 3,614,625 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 308 S 10TH ST LAND | 15,754 | 0 | 15,754 | |
| 308 S 10TH ST BUILDING | 12,890 | 41 | 12,849 | |
| 308 S 10TH ST IMPROVEMENTS 9-30-2015 | 127,294 | 408 | 126,886 | |
| 308 S 10TH ST IMPROVEMENTS 9-30-2016 | 234,521 | 752 | 233,769 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PARCEL 2, 27.38 ACRES | 320,300 | 0 | 320,300 | |
| PARCEL 9, 14.39 ACRES | 137,400 | 0 | 137,400 | |
| CAPITAL IMPROVEMENTS - LAND | 13,305 | 0 | 13,305 | |
| CAPITAL IMPROVEMENTS - LAND | 8,963 | 0 | 8,963 | |
| CAPITAL IMPROVEMENTS - LAND | 2,941 | 0 | 2,941 | |
| LAND IMPROVEMENTS | 2,840 | 0 | 2,840 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 7,729 | 7,250 | 0 | 479 |
| Description | Amount |
|---|---|
| NON-DEDUCTIBLE DONATIONS | 1,690 |
| ADJUSTMENT TO FMV UNREALIZED GAIN/LOSS | 6,299 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID AND FEES | 2,969 | 2,969 | 0 | 0 |
| POSTAGE AND DELIVERY | 86 | 43 | 0 | 43 |
| TELEPHONE | 230 | 165 | 0 | 165 |
| UTILITIES | 2,750 | 2,750 | 0 | 0 |
| PROPERTY INSURANCE | 3,481 | 3,481 | 0 | 0 |
| BANK SERVICE CHARGES | 180 | 180 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BROKERAGE LITIGATION SETTLEMENTS | 190 | 190 | 190 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 7,673 | 7,673 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 10,625 | 907 | 0 | 0 |
| PROPERTY TAXES | 2,180 | 2,180 | 0 | 0 |
| DIRECTOR'S EXPENSES | 900 | 0 | 0 | 900 |
| LICENSES AND PERMITS | 200 | 0 | 0 | 200 |