| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SIDE B BY SIDE | 2019-11-07 | 11,295 | 565 | 200DB | 5.0000 | 4,292 | |||
| NORTH AMERICAN HARVARD | 2020-12-31 | 212,069 | 200DB | 5.0000 | 10,603 | ||||
| BEOING STEARMAN | 2020-12-31 | 142,000 | 200DB | 5.0000 | 7,100 | ||||
| 1927 WACO GXE | 2020-12-31 | 157,700 | 200DB | 5.0000 | 7,885 | ||||
| 1993 AMERICAN CHAMPION DECATHLON | 2020-12-31 | 135,671 | 200DB | 5.0000 | 6,784 | ||||
| 1956 DEHAVILLAND CHIPMUNK | 2020-12-31 | 135,112 | 200DB | 5.0000 | 6,756 | ||||
| 1985 BUCKHART GROB G109B | 2020-12-31 | 65,412 | 200DB | 5.0000 | 3,271 | ||||
| 1947 REPUBLIC SEE BEE | 2020-12-31 | 127,103 | 200DB | 5.0000 | 6,355 | ||||
| 1967 ALON A2 | 2020-12-31 | 81,615 | 200DB | 5.0000 | 4,081 | ||||
| 1965 ALON A2 | 2020-12-31 | 78,060 | 200DB | 5.0000 | 3,903 | ||||
| 1977 CESSNA 421 C | 2020-08-24 | 959,024 | 200DB | 5.0000 | 143,854 | ||||
| 1972 SCHWEITZER S65 2-33A | 2020-12-31 | 45,042 | 200DB | 5.0000 | 2,252 | ||||
| 1968 BELL 47G | 2020-12-31 | 750,000 | 200DB | 5.0000 | 37,500 | ||||
| 1939 BEECH STAGGERWING | 2020-12-31 | 269,020 | 200DB | 5.0000 | 13,451 | ||||
| MUSEUM DISPLAYS | 2015-12-31 | 7,695 | 5,204 | 200DB | 5.0000 | 2,491 | |||
| LEASEHOLD IMPROVEMENTS | 2015-12-31 | 3,793 | 200DB | 5.0000 | 3,793 | ||||
| LEASEHOLD IMPROVEMENTS | 2018-10-22 | 1,536 | 200DB | 5.0000 | 614 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DISPLAYS | 3,182,147 | 270,754 | 2,911,393 | |
| LEASEHOLD IMPROVEMENTS | ||||
| EQUIPMENT |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT LEGAL FEES | 99 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DISPLAY ITEMS | 11,000 | 11,000 | |
| AIRCRAFT DISPLAY ITEMS | 90,232 | 90,232 | |
| MONUMNETS | 49,615 | 49,615 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INSURANCE | 13,865 | |||
| ADVERTISING | 626 | |||
| BANK FEES | 247 | |||
| REPAIR AND MAINTENANCE | 2,191 | |||
| INFORMATION TECH | 556 | |||
| PEST CONTROL | 190 | |||
| FUEL | 55 | |||
| OFFICE SUPPLIES | 120 | |||
| POSTAGE | 124 | |||
| SECURITY | 698 | |||
| SUPPLIES | 1,814 | |||
| TELEPHONE | 1,904 | |||
| VOLUNTEER MEALS | 97 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MUSEUM RECEIPTS | 16,812 | 16,812 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO PERCUSSION AIR | 5,000 | 5,000 |
| PAYROLL LIABILITIES | -2,659 | -3,166 |
| PPP LOAN | 11,923 | |
| ROUNDING | 3 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT OTHER PROFESSIONAL FEES | 1,100 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| GIFT SHOP | 134 | -134 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSE & PERMITS | 1,002 | |||
| TAXES | 1,111 | |||
| SALES TAX | 481 |