| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 24,180 | 0 | 0 | 24,180 |
| Category | Amount |
|---|---|
| NONE | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2019-01-01 | 30,818,033 | 1,580,412 | SL | 39.000000000000 | 790,206 | 0 | 0 | |
| GALLERY SPACE - LAND | 2019-01-01 | 5,274,176 | L | 0 | 0 | 0 | |||
| GALLERY IMPROVEMENTS | 2019-01-15 | 226,906 | 37,818 | SL | 15.000000000000 | 15,127 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-02-15 | 127,423 | 21,237 | SL | 15.000000000000 | 8,495 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-03-15 | 40,732 | 6,788 | SL | 15.000000000000 | 2,715 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-04-15 | 321,213 | 53,535 | SL | 15.000000000000 | 21,414 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-05-15 | 36,579 | 6,097 | SL | 15.000000000000 | 2,439 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-06-15 | 45,807 | 7,635 | SL | 15.000000000000 | 3,054 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-07-15 | 16,739 | 2,790 | SL | 15.000000000000 | 1,116 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-08-15 | 16,256 | 1,626 | SL | 15.000000000000 | 1,084 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-09-15 | 8,578 | 858 | SL | 15.000000000000 | 572 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-10-15 | 122,597 | 12,260 | SL | 15.000000000000 | 8,173 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-11-15 | 4,520 | 452 | SL | 15.000000000000 | 301 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2019-12-15 | 67,337 | 6,734 | SL | 15.000000000000 | 4,489 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-01-15 | 68,719 | 6,872 | SL | 15.000000000000 | 4,581 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-02-15 | 75,503 | 7,551 | SL | 15.000000000000 | 5,034 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-03-15 | 72,276 | 7,227 | SL | 15.000000000000 | 4,818 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-04-15 | 11,373 | 1,137 | SL | 15.000000000000 | 758 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-07-15 | 10,460 | 1,046 | SL | 15.000000000000 | 697 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-05-15 | 1,260 | 84 | SL | 15.000000000000 | 84 | 0 | 0 | |
| GALLERY IMPROVEMENTS | 2020-12-15 | 1,822 | 15 | SL | 15.000000000000 | 121 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 30,818,033 | 2,370,618 | 28,447,415 | |
| GALLERY SPACE - LAND | 5,274,176 | 0 | 5,274,176 | |
| GALLERY IMPROVEMENTS | 226,906 | 52,945 | 173,961 | |
| GALLERY IMPROVEMENTS | 127,423 | 29,732 | 97,691 | |
| GALLERY IMPROVEMENTS | 40,732 | 9,503 | 31,229 | |
| GALLERY IMPROVEMENTS | 321,213 | 74,949 | 246,264 | |
| GALLERY IMPROVEMENTS | 36,579 | 8,536 | 28,043 | |
| GALLERY IMPROVEMENTS | 45,807 | 10,689 | 35,118 | |
| GALLERY IMPROVEMENTS | 16,739 | 3,906 | 12,833 | |
| GALLERY IMPROVEMENTS | 16,256 | 2,710 | 13,546 | |
| GALLERY IMPROVEMENTS | 8,578 | 1,430 | 7,148 | |
| GALLERY IMPROVEMENTS | 122,597 | 20,433 | 102,164 | |
| GALLERY IMPROVEMENTS | 4,520 | 753 | 3,767 | |
| GALLERY IMPROVEMENTS | 67,337 | 11,223 | 56,114 | |
| GALLERY IMPROVEMENTS | 68,719 | 11,453 | 57,266 | |
| GALLERY IMPROVEMENTS | 75,503 | 12,585 | 62,918 | |
| GALLERY IMPROVEMENTS | 72,276 | 12,045 | 60,231 | |
| GALLERY IMPROVEMENTS | 11,373 | 1,895 | 9,478 | |
| GALLERY IMPROVEMENTS | 10,460 | 1,743 | 8,717 | |
| GALLERY IMPROVEMENTS | 1,260 | 168 | 1,092 | |
| GALLERY IMPROVEMENTS | 1,822 | 136 | 1,686 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 7,911 | 0 | 0 | 7,911 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM HILL CHARITABLE COLLECTION, INC | 133,370 | 133,370 | 133,370 |
| Description | Amount |
|---|---|
| EXPENSE ON BOOKS NOT ON THE RETURN | 3,355 |
| DEPRECIATION (PRIOR PERIODS) EXPENSE ON BOOKS NOT ON THE RETURN | 1,762,174 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 415 | 415 | 0 | 0 |
| FILING FEES | 1,864 | 0 | 0 | 1,864 |
| FOOD | 3,063 | 0 | 0 | 3,063 |
| OFFICE | 59,887 | 0 | 0 | 59,886 |
| UTILITIES | 31,524 | 0 | 0 | 31,524 |
| SECURITY | 90,235 | 0 | 0 | 90,235 |
| PROGRAM-RELATED | 298,068 | 0 | 0 | 298,068 |
| REPAIR/MAINT | 229,390 | 0 | 0 | 229,390 |
| INSURANCE | 28,178 | 0 | 0 | 28,178 |
| WEBSITE | 1,073 | 0 | 0 | 1,073 |
| SUPPLIES | 14,758 | 0 | 0 | 14,758 |
| RECRUITING | 70 | 0 | 0 | 70 |
| STORAGE | 5,831 | 0 | 0 | 5,831 |
| PUBLICATIONS | 18,373 | 0 | 0 | 18,373 |
| RIGHTS & LICENSES | 30 | 0 | 0 | 30 |
| SPECIAL EVENTS | 450 | 0 | 0 | 450 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 0 | 27,769 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL SERVICE FEES | 14,625 | 0 | 0 | 14,625 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES PAID | 26,788 | 0 | 0 | 26,788 |