| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX RETURN PREPARATION FEES | 129,861 | 25,972 | 0 | 103,889 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNISHINGS | 2013-06-23 | 221 | 221 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2013-09-06 | 669 | 669 | SL | 5.000000000000 | 0 | 0 | 0 | |
| EQUIPMENT | 2013-03-19 | 1,620 | 1,620 | SL | 5.000000000000 | 0 | 0 | 0 | |
| TELEPHONE | 2014-10-21 | 1,558 | 1,375 | SL | 7.000000000000 | 183 | 0 | 183 | |
| DESKS | 2014-10-28 | 610 | 537 | SL | 7.000000000000 | 73 | 0 | 73 | |
| CHAIRS | 2014-10-29 | 420 | 370 | SL | 7.000000000000 | 50 | 0 | 50 | |
| WINDOW COVERINGS | 2014-11-25 | 1,947 | 1,691 | SL | 7.000000000000 | 256 | 0 | 256 | |
| MONITOR | 2014-10-30 | 156 | 155 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITOR | 2014-10-31 | 156 | 155 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITORS | 2014-10-31 | 156 | 155 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CABINETS | 2014-08-20 | 2,967 | 2,579 | SL | 7.000000000000 | 283 | 0 | 283 | |
| CABINETS | 2014-09-10 | 796 | 693 | SL | 7.000000000000 | 76 | 0 | 76 | |
| MONITORS | 2014-02-05 | 1,855 | 1,546 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITORS | 2014-06-10 | 729 | 657 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITORS | 2014-06-11 | 1,587 | 1,426 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITORS | 2014-12-01 | 1,987 | 1,987 | SL | 5.000000000000 | 0 | 0 | 0 | |
| MONITORS | 2014-06-13 | 640 | 576 | SL | 5.000000000000 | 0 | 0 | 0 | |
| DESKS | 2015-06-04 | 4,527 | 3,289 | SL | 7.000000000000 | 647 | 0 | 647 | |
| DESKS | 2015-07-15 | 1,376 | 1,001 | SL | 7.000000000000 | 197 | 0 | 197 | |
| FURNITURE | 2015-07-21 | 3,115 | 2,262 | SL | 7.000000000000 | 445 | 0 | 445 | |
| LOBBY FURNITURE | 2015-10-08 | 2,547 | 1,850 | SL | 7.000000000000 | 364 | 0 | 364 | |
| MONITORS/STANDS | 2015-01-09 | 1,962 | 1,944 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CABINETS | 2015-01-22 | 1,215 | 1,029 | SL | 7.000000000000 | 174 | 0 | 174 | |
| MONITORS/STANDS | 2015-05-27 | 2,460 | 2,460 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE | 2016-01-17 | 1,802 | 1,479 | SL | 7.000000000000 | 257 | 0 | 257 | |
| COPYRIGHTS | 2011-09-03 | 728,277 | 140,050 | SL | 52.000000000000 | 14,005 | 0 | 14,005 | |
| LAPTOP | 2018-03-08 | 1,023 | 512 | SL | 5.000000000000 | 205 | 0 | 205 | |
| LAPTOP | 2018-05-08 | 2,037 | 1,004 | SL | 5.000000000000 | 407 | 0 | 407 | |
| LAPTOP | 2018-07-12 | 2,184 | 921 | SL | 5.000000000000 | 437 | 0 | 437 | |
| LAPTOP | 2018-08-03 | 2,391 | 1,195 | SL | 5.000000000000 | 478 | 0 | 478 | |
| LAPTOP | 2018-12-19 | 1,965 | 1,027 | SL | 5.000000000000 | 393 | 0 | 393 | |
| LAPTOP | 2018-12-21 | 1,331 | 806 | SL | 5.000000000000 | 266 | 0 | 266 | |
| FURNITURE | 2019-06-30 | 1,868 | 400 | SL | 7.000000000000 | 267 | 0 | 267 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNISHINGS | 221 | 221 | 0 | |
| COMPUTER | 669 | 669 | 0 | |
| EQUIPMENT | 1,620 | 1,620 | 0 | |
| TELEPHONE | 1,558 | 1,558 | 0 | |
| DESKS | 610 | 610 | 0 | |
| CHAIRS | 420 | 420 | 0 | |
| WINDOW COVERINGS | 1,947 | 1,947 | 0 | |
| MONITOR | 156 | 155 | 1 | |
| MONITOR | 156 | 155 | 1 | |
| MONITORS | 156 | 155 | 1 | |
| CABINETS | 2,967 | 2,862 | 105 | |
| CABINETS | 796 | 769 | 27 | |
| MONITORS | 1,855 | 1,546 | 309 | |
| MONITORS | 729 | 657 | 72 | |
| MONITORS | 1,587 | 1,426 | 161 | |
| MONITORS | 1,987 | 1,987 | 0 | |
| MONITORS | 640 | 576 | 64 | |
| DESKS | 4,527 | 3,936 | 591 | |
| DESKS | 1,376 | 1,198 | 178 | |
| FURNITURE | 3,115 | 2,707 | 408 | |
| LOBBY FURNITURE | 2,547 | 2,214 | 333 | |
| MONITORS/STANDS | 1,962 | 1,944 | 18 | |
| CABINETS | 1,215 | 1,203 | 12 | |
| MONITORS/STANDS | 2,460 | 2,460 | 0 | |
| FURNITURE | 1,802 | 1,736 | 66 | |
| LAPTOP | 1,023 | 717 | 306 | |
| LAPTOP | 2,037 | 1,411 | 626 | |
| LAPTOP | 2,184 | 1,358 | 826 | |
| LAPTOP | 2,391 | 1,673 | 718 | |
| LAPTOP | 1,965 | 1,420 | 545 | |
| LAPTOP | 1,331 | 1,072 | 259 | |
| FURNITURE | 1,868 | 667 | 1,201 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES IN CONNECTION WITH EXEMPT PURPOSES | 40,268 | 0 | 0 | 40,268 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| COPYRIGHTS | 728,277 | 728,277 | 728,277 |
| ACCUMULATED AMORTIZ-COPYRIGHTS | -140,030 | -154,055 | -154,055 |
| WORKS OF ART - R. DIEBENKORN | 83,027,659 | 81,359,690 | 60,844,943 |
| WEBSITE DEVELOPMENT COSTS | 35,325 | 111,400 | 111,400 |
| EMPLOYEE RETENTION CREDIT RECEIVABLE | 133,506 | 133,506 |
| Description | Amount |
|---|---|
| BOOK/TAX ADJ ON VALUE OF ARTWORK | 415,783 |
| REDUCTION RELATED TO EMPLOYEE RETENTION CREDIT | 133,506 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 62,671 | 0 | 0 | 62,671 |
| ALARM SYSTEMS | 624 | 0 | 0 | 624 |
| ARCHIVES EXPENSE | 3,875 | 0 | 0 | 3,875 |
| BANK CHARGES | 93 | 0 | 0 | 93 |
| BOOKS,SUBSCRIPTIONS,REFERENCE | 8,275 | 0 | 0 | 8,275 |
| BUSINESS REGISTRATION FEES | 65 | 0 | 0 | 65 |
| MISCELLANEOUS | 6,568 | 0 | 0 | 6,568 |
| INSURANCE | 144,566 | 0 | 0 | 144,566 |
| JANITORIAL SERVICE | 11,660 | 0 | 0 | 11,660 |
| MEMBERSHIPS AND DUES | 1,692 | 0 | 0 | 1,692 |
| PAYROLL SERVICE FEES | 350 | 0 | 0 | 350 |
| PENSION ADMINISTRATION FEES | 1,534 | 0 | 0 | 1,534 |
| REPAIRS AND MAINTENANCE | 20,807 | 0 | 0 | 20,807 |
| SHIPPING EXPENSES | 2,230 | 0 | 0 | 2,230 |
| SUPPLIES | 10,090 | 0 | 0 | 10,090 |
| TELEPHONE | 27,792 | 0 | 0 | 27,792 |
| TRAVEL EXPENSES | 11,585 | 0 | 0 | 11,585 |
| POSTAGE, MAILING SERVICE | 1,167 | 0 | 0 | 1,167 |
| ADDBACK OF PY ACCRUED EXPENSES | 0 | 0 | 0 | 19,723 |
| LESS CY ACCRUED EXPENSES | 0 | 0 | 0 | -41,762 |
| REDUCTION RELATED TO EMPLOYEE RETENTION CREDIT | -133,506 | -26,701 | 0 | -106,805 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ART ROYALTY INCOME | 1,501 | 1,501 | |
| EXEMPT FUNCTION INCOME - USE OF ARTISTIC IMAGES | 2,200 | 2,200 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSMENT | 24,689 |
| EMPLOYEE RETENTION CREDIT REFUND | 133,506 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 50,752 | 60,890 |
| CREDIT CARD PAYABLE | 214 | 329 |
| 403B LIABILITIES | 3,865 | 0 |
| PAYCHECK PROTECTION PROGRAM LOAN | 157,380 | 0 |
| DEPOSIT FROM MUSEUM | 0 | 100,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT AND CONSULTING FEES | 41,523 | 0 | 0 | 41,523 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 63,070 | 12,614 | 0 | 50,456 |