| 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 |
|---|---|---|---|---|---|---|---|---|---|
| STAGE, TV, ART TABLE | 2005-11-18 | 1,480 | 1,390 | SL | 7.000000000000 | 0 | 0 | 0 | |
| 3RD & 4TH FLOOR STORAGE & TABLES | 2005-11-09 | 4,000 | 3,760 | SL | 7.000000000000 | 0 | 0 | 0 | |
| 4TH FLOOR STOOLS | 2005-12-02 | 338 | 316 | SL | 7.000000000000 | 0 | 0 | 0 | |
| 20 CHAIRS | 2005-12-07 | 2,042 | 1,922 | SL | 7.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2006-11-01 | 3,034 | 2,809 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2009-05-04 | 4,019 | 4,019 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| HALLWAY TRACK LIGHTING | 2010-05-06 | 4,775 | 4,775 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TELEPHONE & DATA SYSTEM | 2010-11-05 | 2,618 | 2,201 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| HOT WATER HEATER | 2012-05-24 | 1,305 | 1,305 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2011-11-22 | 1,262 | 1,006 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2013-08-24 | 1,268 | 1,268 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER SOFTWARE | 2013-08-28 | 1,388 | 1,388 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2013-10-02 | 1,287 | 1,287 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE & FIXTURES | 2014-10-31 | 1,645 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2014-10-31 | 2,893,856 | 386,464 | SL | 39.000000000000 | 74,201 | 0 | 0 | |
| LEASEHOLD IMPROVEMENTS | 2015-06-30 | 432,417 | 50,358 | SL | 39.000000000000 | 11,088 | 0 | 0 | |
| LEASEHOLD IMPROVEMENTS | 2015-06-01 | 16,578 | 1,930 | SL | 39.000000000000 | 425 | 0 | 0 | |
| FURNITURE & FIXTURES | 2015-03-31 | 14,838 | 11,527 | 200DB | 7.000000000000 | 1,324 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2015-11-07 | 4,544 | 4,281 | 200DB | 5.000000000000 | 262 | 0 | 0 | |
| SIGNS | 2015-01-14 | 2,634 | 2,046 | 200DB | 7.000000000000 | 235 | 0 | 0 | |
| 4 AERON CHAIRS | 2016-03-01 | 580 | 421 | 200DB | 7.000000000000 | 51 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2016-12-13 | 2,052 | 1,632 | 200DB | 5.000000000000 | 224 | 0 | 0 | |
| LEASEHOLD IMPROVEMENTS | 2015-08-06 | 1,297,254 | 99,789 | SL | 39.000000000000 | 33,263 | 0 | 0 | |
| WIRING CABLE & JACKS | 2017-01-16 | 1,770 | 133 | SL | 39.000000000000 | 45 | 0 | 0 | |
| ELECTRICAL OUTLET | 2017-02-09 | 435 | 32 | SL | 39.000000000000 | 11 | 0 | 0 | |
| ELECTRICAL WORK | 2017-06-25 | 3,474 | 226 | SL | 39.000000000000 | 89 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2017-08-23 | 3,272 | 2,329 | 200DB | 5.000000000000 | 377 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2019-08-16 | 898 | 180 | 200DB | 5.000000000000 | 287 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2020-05-20 | 1,549 | 200DB | 5.000000000000 | 310 | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| BORROWING FROM RELATED PARTY | PART VII-B, LINE 1(A)(2) | DURING THE YEAR, DAVID EDWARDS, A DISQUALIFIED PERSON, LOANED TO THE ORGANIZATION $650,000 TO MEET LIQUIDITY NEEDS RELATING TO MOVING AND EXPANSION OF THE ORGANIZATION'S FACILITIES. THE LOAN IS IN THE FORM OF AN ADVANCE THAT WILL NOT PAY OR ACCRUE ANY INTEREST. THE DISQUALIFIED PERSON WILL BE REPAID PRINCIPAL ONLY ON THE AMOUNT HE ADVANCED. AS OF THE BEGINNING OF THE YEAR, THE ORGANIZATION OWED DAVID EDWARDS $1,331,517 AND NO PAYMENTS WERE MADE DURING 2019. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| INVESTMENT IN ARTSCIENCE LABS INC | 1 | 1 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| CLOUD DESIGN | 56,498 | 56,498 | 0 | |
| STAGE, TV, ART TABLE | 1,480 | 1,390 | 90 | |
| 3RD & 4TH FLOOR STORAGE & TABLES | 4,000 | 3,760 | 240 | |
| 4TH FLOOR STOOLS | 338 | 316 | 22 | |
| 20 CHAIRS | 2,042 | 1,922 | 120 | |
| FURNITURE & FIXTURES | 3,034 | 2,809 | 225 | |
| FURNITURE & FIXTURES | 4,019 | 4,019 | 0 | |
| HALLWAY TRACK LIGHTING | 4,775 | 4,775 | 0 | |
| TELEPHONE & DATA SYSTEM | 2,618 | 2,201 | 417 | |
| HOT WATER HEATER | 1,305 | 1,305 | 0 | |
| FURNITURE & FIXTURES | 1,262 | 1,006 | 256 | |
| COMPUTER EQUIPMENT | 1,268 | 1,268 | 0 | |
| COMPUTER SOFTWARE | 1,388 | 1,388 | 0 | |
| COMPUTER EQUIPMENT | 1,287 | 1,287 | 0 | |
| FURNITURE & FIXTURES | 1,645 | 1,645 | 0 | |
| LEASEHOLD IMPROVEMENTS | 2,893,856 | 460,665 | 2,433,191 | |
| LEASEHOLD IMPROVEMENTS | 432,417 | 61,446 | 370,971 | |
| LEASEHOLD IMPROVEMENTS | 16,578 | 2,355 | 14,223 | |
| FURNITURE & FIXTURES | 14,838 | 12,851 | 1,987 | |
| COMPUTER EQUIPMENT | 4,544 | 4,543 | 1 | |
| SIGNS | 2,634 | 2,281 | 353 | |
| 4 AERON CHAIRS | 580 | 472 | 108 | |
| COMPUTER EQUIPMENT | 2,052 | 1,856 | 196 | |
| LEASEHOLD IMPROVEMENTS | 1,297,254 | 133,052 | 1,164,202 | |
| WIRING CABLE & JACKS | 1,770 | 178 | 1,592 | |
| ELECTRICAL OUTLET | 435 | 43 | 392 | |
| ELECTRICAL WORK | 3,474 | 315 | 3,159 | |
| COMPUTER EQUIPMENT | 3,272 | 2,706 | 566 | |
| COMPUTER EQUIPMENT | 898 | 467 | 431 | |
| COMPUTER EQUIPMENT | 1,549 | 310 | 1,239 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| RENT DEPOSIT | 139,288 | 139,288 | 39,288 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UTILITIES & CABLE | 1,484 | 0 | 0 | 1,484 |
| PROGRAM EXPENSE | 106,792 | 0 | 0 | 106,791 |
| COMMUNICATIONS | 2,486 | 0 | 0 | 2,486 |
| INSURANCE | 9,938 | 0 | 0 | 9,938 |
| OFFICE & OPERATING EXPENSE | 18,009 | 0 | 0 | 18,009 |
| PAYROLL PROCESSING | 1,553 | 0 | 0 | 1,553 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SUNDRY OTHER INCOME | 31 | 31 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN FROM DAVID EDWARDS | 1,331,517 | 1,341,517 |
| LOAN FROM RAYMOND S STATA | 100,000 | 100,000 |
| SECURITY DEPOSIT - SUBTENANT | 38,007 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANTS | 0 | 0 | 0 | 0 |
| PROFESSIONAL SERVICES | 2,500 | 0 | 0 | 2,500 |
| Name | Address |
|---|---|
|
MASACHUSETTS BIOTECHNOLOGY COUNCIL |
300 TECHNOLOGY SQUARE CAMBRIDGE,MA02139 |
|
FACTORY WORKS GMBH |
RHEINSBERGER STR 76/77 BERLIN GM |
|
SERVIER |
50 RUE CARNOT 92284 SURENES FR |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 14,099 | 0 | 0 | 0 |