| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 8,753 | 0 | 0 | 8,753 |
| 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 | 41,354 | SL | 15.000000000000 | 6,706 | 0 | 6,706 | |
| VEHICLES | 2011-01-01 | 5,981 | 4,983 | SL | 5.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2012-01-01 | 25,862 | 25,862 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENT | 2012-01-01 | 34,995 | 13,998 | SL | 15.000000000000 | 2,333 | 0 | 2,333 | |
| LEASEHOLD IMPROVEMENT | 2013-01-01 | 84,392 | 28,130 | SL | 15.000000000000 | 5,626 | 0 | 5,626 | |
| LEASEHOLD IMPROVEMENT | 2014-01-01 | 29,877 | 7,968 | SL | 15.000000000000 | 1,992 | 0 | 1,992 | |
| LAND | 2015-01-01 | 10,000 | L | 0 | 0 | 0 | |||
| BUILDING | 2015-01-01 | 7,500 | 576 | SL | 39.000000000000 | 192 | 0 | 192 | |
| LAND | 2016-01-01 | 481,428 | L | 0 | 0 | 0 | |||
| LAND IMPROVEMENT | 2016-01-01 | 638,890 | 85,186 | SL | 15.000000000000 | 42,593 | 0 | 42,593 | |
| BUILDING | 2016-01-01 | 2,117,367 | 108,582 | SL | 39.000000000000 | 54,291 | 0 | 54,291 | |
| BUILDING IMPROVEMENT | 2016-01-01 | 61,262 | 3,142 | SL | 39.000000000000 | 1,571 | 0 | 1,571 | |
| LAND IMPROVEMENT | 2017-01-01 | 53,725 | 3,582 | SL | 15.000000000000 | 3,582 | 0 | 3,582 | |
| VEHICLES | 2017-01-01 | 20,000 | 4,000 | SL | 5.000000000000 | 4,000 | 0 | 4,000 | |
| VEHICLES | 2018-01-01 | 50,000 | SL | 5.000000000000 | 10,000 | 0 | 10,000 | ||
| BUILDING IMPROVEMENT | 2018-01-01 | 11,888 | SL | 39.000000000000 | 305 | 0 | 305 |
| 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 | 48,060 | 52,528 | 52,528 |
| VEHICLES | 5,981 | 4,983 | 998 | 998 |
| OFFICE FURNITURE | 25,861 | 25,861 | 0 | |
| LEASEHOLD IMPROVEMENTS | 34,995 | 16,331 | 18,664 | 18,664 |
| LEASEHOLD IMPROVEMENTS | 84,392 | 33,756 | 50,636 | 50,636 |
| LEASEHOLD IMPROVEMENTS | 29,877 | 9,960 | 19,917 | 19,917 |
| LAND | 10,000 | 0 | 10,000 | 10,000 |
| BUILDING | 7,500 | 768 | 6,732 | 6,732 |
| LAND | 481,428 | 0 | 481,428 | 481,428 |
| LAND IMPROVEMENTS | 638,890 | 127,779 | 511,111 | 511,111 |
| BUILDING | 2,117,367 | 162,873 | 1,954,494 | 1,954,494 |
| BUILDING IMPROVEMENTS | 61,262 | 4,713 | 56,549 | 56,549 |
| LAND IMPROVEMENTS | 53,725 | 7,164 | 46,561 | 46,561 |
| VEHICLES | 20,000 | 8,000 | 12,000 | 12,000 |
| VEHICLES | 50,000 | 10,000 | 40,000 | 40,000 |
| BUILDING IMPROVEMENTS | 11,888 | 305 | 11,583 | 11,583 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CLASSIC CARS | 13,424,683 | 18,399,683 | 18,399,683 |
| ANTIQUES | 1,747,666 | 1,753,066 | 1,753,066 |
| 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 | 70,517 | 0 | 0 | 70,517 |
| REPAIRS & MAINTENANCE - VEHICLES | 92,869 | 0 | 0 | 92,869 |
| OFFICE EXPENSES | 135,894 | 0 | 0 | 135,894 |
| VEHICLE EXPENSE | 26,291 | 0 | 0 | 26,291 |
| UTILITIES | 54,623 | 0 | 0 | 54,623 |
| BANK FEES | 209 | 0 | 0 | 209 |
| INSURANCE | 12,871 | 0 | 0 | 12,871 |
| REPAIRS & MAINTENANCE - ANTIQUES | 474,297 | 0 | 0 | 474,297 |
| PROPERTY TAX | 2,560 | 0 | 0 | 2,560 |
| EVENT EXPENSE | 3,786 | 0 | 0 | 3,786 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INTERCOMPANY PAYABLE | 294,193 | 294,193 |
| BANK DEBT | 90,514 | 94,251 |