| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CABRILLO COMMERCE CENTER | FMV | 585,678 | 585,678 |
| PATRICK AIRPORT BUSINESS CENTER | FMV | 1,309,465 | 1,309,465 |
| SEATAC VILLAGE SHOPPING CENTER | FMV | 1,254,679 | 1,254,679 |
| EL GAUCHO II, LLC | FMV | 35,566 | 35,566 |
| EVI CORPORATION | FMV | 1 | 1 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM ASSETS-ART | 13,191,038 | 22,986,633 | 22,986,633 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING SERVICES | 72,106 | 0 | 0 | 72,106 |
| INSURANCE | 30,327 | 496 | 0 | 36,857 |
| LICENSES AND FEES | 1,078 | 0 | 0 | 1,078 |
| OFFICE SUPPLIES | 116,311 | 0 | 0 | 116,311 |
| POSTAGE AND DELIVERY | 234,294 | 0 | 0 | 234,294 |
| REPAIRS | 5,586 | 0 | 0 | 5,586 |
| FRAMES | 393 | 0 | 0 | 393 |
| USAGE/RIGHTS FEES | 4,033 | 0 | 0 | 4,033 |
| ESSAYS/COPY-EDITING | 24,540 | 0 | 0 | 24,540 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EL GAUCHO PORTLAND, LLC #91-2016549 UBI | 0 | ||
| EL GAUCHO PORTLAND, LLC #91-2016549 | 25,165 | -131 | |
| CABRILLO COMMERCE CENTER #43-1958462 UBI | 0 | ||
| CABRILLO COMMERCE CENTER #43-1958462 | 32,376 | 3,357 | |
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 UBI | 0 | ||
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 | 61,186 | 5,123 | |
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 - UBI | 0 | ||
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 | 40,971 | 7,070 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN - FMV INVESTMENTS | 463,051 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ARTWORK PAYABLE | 1,481,750 | 1,650,000 |
| INCOME TAX PAYABLE | 9,676 | 9,623 |
| Name | Address |
|---|---|
| MAURINE LITTLETON |
615 BILTMORE AVE APT F 1 ASHEVILLE,NC28803 |
|
ARTIST HUNG LIU AND TURNER CARROLL GALLERY |
725 CANYON ROAD SANTA FE,NM87501 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE | 8,898 | 0 | 0 | 0 |
| FEDERAL | 21,801 | 0 | 0 | 0 |
| PAYROLL | 735 | 147 | 0 | 588 |