| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 16,556 | 0 | 0 | 16,556 |
| 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 | 40,037 | 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 | 54,766 | 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 | 18,664 | SL | 15.000000000000 | 2,333 | 0 | 2,333 | |
| LEASEHOLD IMPROVEMENT | 2013-01-01 | 84,392 | 39,382 | SL | 15.000000000000 | 5,626 | 0 | 5,626 | |
| LEASEHOLD IMPROVEMENT | 2014-01-01 | 29,877 | 11,952 | SL | 15.000000000000 | 1,992 | 0 | 1,992 | |
| LAND | 2015-01-01 | 10,000 | L | 0 | 0 | 0 | |||
| BUILDING | 2015-01-01 | 7,500 | 960 | SL | 39.000000000000 | 192 | 0 | 192 | |
| LAND | 2016-01-01 | 481,428 | L | 0 | 0 | 0 | |||
| LAND IMPROVEMENT | 2016-01-01 | 638,890 | 170,372 | SL | 15.000000000000 | 42,593 | 0 | 42,593 | |
| BUILDING | 2016-01-01 | 2,117,367 | 217,164 | SL | 39.000000000000 | 54,291 | 0 | 54,291 | |
| BUILDING IMPROVEMENT | 2016-01-01 | 61,262 | 6,284 | SL | 39.000000000000 | 1,571 | 0 | 1,571 | |
| LAND IMPROVEMENT | 2017-01-01 | 53,725 | 10,746 | SL | 15.000000000000 | 3,582 | 0 | 3,582 | |
| VEHICLES | 2017-01-01 | 20,000 | 12,000 | SL | 5.000000000000 | 4,000 | 0 | 4,000 | |
| VEHICLES | 2018-01-01 | 50,000 | 20,000 | SL | 5.000000000000 | 10,000 | 0 | 10,000 | |
| BUILDING IMPROVEMENT | 2018-01-01 | 11,877 | 610 | SL | 39.000000000000 | 305 | 0 | 305 | |
| MACHINERY & EQUIPMENT | 2019-01-01 | 22,096 | 4,419 | SL | 5.000000000000 | 4,419 | 0 | 4,419 | |
| VEHICLES | 2019-01-01 | 178,875 | 35,775 | SL | 5.000000000000 | 35,775 | 0 | 35,775 | |
| BUILDING IMPROVEMENT | 2020-01-01 | 56,511 | SL | 39.000000000000 | 1,449 | 0 | 1,449 |
| 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 | 61,472 | 39,116 | 39,116 |
| VEHICLES | 5,981 | 4,983 | 998 | 998 |
| OFFICE FURNITURE | 25,862 | 25,862 | 0 | |
| LEASEHOLD IMPROVEMENTS | 34,995 | 20,997 | 13,998 | 13,998 |
| LEASEHOLD IMPROVEMENTS | 84,392 | 45,008 | 39,384 | 39,384 |
| LEASEHOLD IMPROVEMENTS | 29,877 | 13,944 | 15,933 | 15,933 |
| LAND | 10,000 | 0 | 10,000 | 10,000 |
| BUILDING | 7,500 | 1,152 | 6,348 | 6,348 |
| LAND | 481,428 | 0 | 481,428 | 481,428 |
| LAND IMPROVEMENTS | 638,890 | 212,965 | 425,925 | 425,925 |
| BUILDING | 2,117,367 | 271,455 | 1,845,912 | 1,845,912 |
| BUILDING IMPROVEMENTS | 61,262 | 7,855 | 53,407 | 53,407 |
| LAND IMPROVEMENTS | 53,725 | 14,328 | 39,397 | 39,397 |
| VEHICLES | 20,000 | 16,000 | 4,000 | 4,000 |
| VEHICLES | 50,000 | 30,000 | 20,000 | 20,000 |
| BUILDING IMPROVEMENTS | 11,877 | 915 | 10,962 | 10,962 |
| MACHINERY & EQUIPMENT | 22,096 | 8,838 | 13,258 | 13,258 |
| VEHICLES | 178,875 | 71,550 | 107,325 | 107,325 |
| BUILDING IMPROVEMENTS | 56,511 | 1,449 | 55,062 | 55,062 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CLASSIC CARS | 21,749,683 | 21,749,683 | 21,749,683 |
| ANTIQUES | 1,817,066 | 1,899,889 | 1,899,889 |
| 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 | 93,399 | 0 | 0 | 93,399 |
| REPAIRS & MAINTENANCE - VEHICLES | 78,103 | 0 | 0 | 78,103 |
| OFFICE EXPENSES | 159,267 | 0 | 0 | 159,267 |
| VEHICLE EXPENSE | 32,231 | 0 | 0 | 32,231 |
| UTILITIES | 55,593 | 0 | 0 | 55,593 |
| BANK FEES | 845 | 0 | 0 | 845 |
| INSURANCE | 16,629 | 0 | 0 | 16,629 |
| REPAIRS & MAINTENANCE - ANTIQUES | 908,365 | 0 | 0 | 908,365 |
| PROPERTY TAX | 2,799 | 0 | 0 | 2,799 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INTERCOMPANY PAYABLE | 294,193 | 56,354 |
| BANK DEBT | 107,914 | 258,121 |