| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LUTZ AND CARR LLP | 17,796 | 8,898 | 8,898 | 8,898 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| VARIOUS RUGS | 1999-06-01 | 1,453 | 1,453 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2017-06-20 | 6,078 | 4,256 | SL | 5.000000000000 | 1,216 | 0 | 1,216 | |
| SOFA | 2017-05-12 | 5,738 | 3,006 | SL | 7.000000000000 | 820 | 0 | 820 | |
| CABINETS | 2017-06-01 | 8,500 | 4,350 | SL | 7.000000000000 | 1,214 | 0 | 1,214 | |
| TABLE & MODULAR SHELVING | 2017-06-20 | 7,537 | 3,769 | SL | 7.000000000000 | 1,077 | 0 | 1,077 | |
| WILLIAMBURG MODERN | 2017-08-03 | 645 | 314 | SL | 7.000000000000 | 92 | 0 | 92 | |
| SCANNER | 2018-07-23 | 2,398 | 1,160 | SL | 5.000000000000 | 480 | 0 | 480 | |
| FURNITURE | 2018-08-10 | 3,098 | 1,070 | SL | 7.000000000000 | 443 | 0 | 443 | |
| SERVER | 2020-09-01 | 6,410 | 641 | SL | 5.000000000000 | 1,282 | 0 | 1,282 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| DONATION OF ARTWORK - SHOWN AT APPRAISED VALUE (ST 9) | PURCHASED | 2021-10 | 377,650 | 449,188 | COST | 0 | -71,538 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| COMPENSATION OF OFFICERS | PART VI-B, QUESTION 1 A(4) | DR. ELIZABETH A. SACKLER RECEIVED COMPENSATION OF $18,000. THE BOARD SET THE COMPENSATION TO BE COMMENSURATE WITH HER DUTIES AND RESPONSIBILITIES AS CHIEF EXECUTIVE OFFICER. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PUBLICLY TRADED COMMON STOCK | 6,160,951 | 6,160,951 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MONEY MARKET ACCOUNTS | FMV | 390,612 | 390,612 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| VARIOUS RUGS | 1,453 | 1,453 | 0 | |
| COMPUTER EQUIPMENT | 6,078 | 5,472 | 606 | |
| SOFA | 5,738 | 3,826 | 1,912 | |
| CABINETS | 8,500 | 5,564 | 2,936 | |
| TABLE & MODULAR SHELVING | 7,537 | 4,846 | 2,691 | |
| WILLIAMBURG MODERN | 645 | 406 | 239 | |
| SCANNER | 2,398 | 1,640 | 758 | |
| FURNITURE | 3,098 | 1,513 | 1,585 | |
| SERVER | 6,410 | 1,923 | 4,487 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MITCHELL SILBERBERG & KNUPP LLP | 38,723 | 0 | 0 | 38,723 |
| ROSENBERG & ESTIS P.C. | 22,212 | 0 | 0 | 22,212 |
| ENGEL LAW FIRM PC | 3,632 | 0 | 0 | 3,632 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK HELD FOR EXHIBITION | 2,619,131 | 2,169,943 | 18,437,125 |
| REIMBURSEMENT DUE FOR PAYROLL COSTS | 60,526 | 60,526 | 60,526 |
| SECURITY DEPOSIT | 19,683 | 1,683 | 1,683 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE | 1,504 | 0 | 0 | 1,504 |
| POSTAGE/MESSENGER | 46 | 0 | 0 | 46 |
| MISCELLANEOUS EXPENSE | 1,129 | 0 | 0 | 1,129 |
| WAREHOUSING FEES | 50,749 | 0 | 0 | 50,749 |
| FILING FEES | 750 | 0 | 0 | 750 |
| DUES AND SUBSCRIPTIONS | 562 | 0 | 0 | 562 |
| INSURANCE | 14,607 | 0 | 0 | 14,607 |
| SHIPPING AND MESSENGER | 780 | 0 | 0 | 780 |
| COMPUTER SUPPLIES AND SUPPORT | 26,482 | 0 | 0 | 26,482 |
| SUPPLIES AND OFFICE EXPENSES | 3,774 | 0 | 0 | 3,774 |
| REPAIRS AND MAINTENANCE | 702 | 0 | 0 | 702 |
| ART HANDLING | 528 | 0 | 0 | 528 |
| MOVING COSTS | 29,195 | 0 | 0 | 29,195 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 497,234 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FLEX ACCOUNT PAYABLE | 4,347 | 4,377 |
| REIMBURSEMENT FOR LEGAL COSTS | 34,251 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGER FEES | 38,624 | 38,624 | 38,624 | 0 |
| SACKLER-BERNER, MICHAEL | 16,500 | 0 | 0 | 16,500 |
| SERIATIM, INC. | 5,813 | 0 | 0 | 5,813 |
| UMC STORAGE COMPANY | 715 | 0 | 0 | 715 |
| Name | Address |
|---|---|
| MING CHEN |
1650 BAYSHORE DRIVE VANCOUVER,BCV6G3H3 CA |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES WITHHELD | 217 | 217 | 217 | 0 |
| EXCISE TAX | 4,000 | 0 | 0 | 4,000 |