| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,700 | 0 | 0 | 1,700 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDINGS & EQUIPMENT | 1959-01-01 | 365,423 | 238,422 | NC | 30.000000000000 | 0 | 0 | 0 | |
| WALKWAY | 2008-07-01 | 9,801 | 4,087 | SL | 30.000000000000 | 327 | 0 | 327 | |
| HEATING SYSTEM | 2016-06-24 | 2,500 | 374 | SL | 30.000000000000 | 83 | 0 | 83 | |
| LIGHTING FIXTURES | 2016-06-28 | 2,180 | 328 | SL | 30.000000000000 | 73 | 0 | 73 | |
| LAND | 1959-01-01 | 80,000 | NC | 0 % | 0 | 0 | 0 | ||
| THEATER ROAD IMPROVEMENT | 2017-06-15 | 3,075 | 552 | SL | 20.000000000000 | 154 | 0 | 154 | |
| THEATER ROAD IMPROVEMENT | 2018-05-08 | 1,782 | 237 | SL | 20.000000000000 | 89 | 0 | 89 | |
| SOUND SYSTEM | 2018-06-19 | 4,000 | 1,000 | SL | 10.000000000000 | 400 | 0 | 400 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| CHANGE TO DBA | FORM 990PF FOUNDATION DBA | FULL NAME OF FOUNDATION IS LONGER THAN THE FIELD PERMITS. THE ONLY CHANGE IS TO THE DBA NAME: ADAMANT COMMUNITY CULTURAL FOUNDATION, INC. DBA THE FRANK SUCHOMEL MEMORIAL ARTS CENTER AND QUARRYWORKS |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS & EQUIPMENT | 365,423 | 238,422 | 127,001 | 127,001 |
| WALKWAY | 9,801 | 4,414 | 5,387 | 5,387 |
| HEATING SYSTEM | 2,500 | 457 | 2,043 | 2,043 |
| LIGHTING FIXTURES | 2,180 | 401 | 1,779 | 1,779 |
| LAND | 80,000 | 0 | 80,000 | 80,000 |
| THEATER ROAD IMPROVEMENT | 3,075 | 706 | 2,369 | 2,369 |
| THEATER ROAD IMPROVEMENT | 1,782 | 326 | 1,456 | 1,456 |
| SOUND SYSTEM | 4,000 | 1,400 | 2,600 | 2,600 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ADAMANT COOPERATIVE | 525 | 525 | 525 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 119 | 0 | 0 | 119 |
| CLEANING AND MAINTENANCE | 1,549 | 0 | 0 | 1,549 |
| INSURANCE | 6,367 | 0 | 0 | 6,367 |
| POSTAGE AND DELIVERY | 278 | 0 | 0 | 278 |
| SUPPLIES | 358 | 0 | 0 | 358 |
| TELEPHONE | 638 | 0 | 0 | 638 |
| ELECTRICITY | 1,175 | 0 | 0 | 1,175 |
| WEBSITE EXPENSE | 47 | 0 | 0 | 47 |
| PRODUCTIONS | 14,225 | 0 | 0 | 14,225 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TEMP SERVICES | 4,500 | 0 | 0 | 4,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 3,264 | 0 | 0 | 3,264 |