| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 6,455 | 0 | 0 | 6,455 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2005-01-01 | 44,838 | 44,838 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2007-01-01 | 40,037 | 40,037 | SL | 5.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2004-01-01 | 16,000 | 16,000 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2008-01-01 | 10,964 | 9,137 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2009-01-01 | 11,961 | 9,967 | SL | 5.000000000000 | 0 | 0 | 0 | |
| VEHICLES | 2010-01-01 | 11,961 | 9,967 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENT | 2011-01-01 | 100,588 | 61,472 | SL | 15.000000000000 | 6,706 | 0 | 6,706 | |
| VEHICLES | 2011-01-01 | 5,981 | 4,983 | SL | 5.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2012-01-01 | 25,862 | 25,862 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENT | 2012-01-01 | 34,995 | 20,997 | SL | 15.000000000000 | 2,333 | 0 | 2,333 | |
| LEASEHOLD IMPROVEMENT | 2013-01-01 | 84,392 | 45,008 | SL | 15.000000000000 | 5,626 | 0 | 5,626 | |
| LEASEHOLD IMPROVEMENT | 2014-01-01 | 29,877 | 13,944 | SL | 15.000000000000 | 1,992 | 0 | 1,992 | |
| LAND | 2015-01-01 | 10,000 | L | 0 | 0 | 0 | |||
| BUILDING | 2015-01-01 | 7,500 | 1,152 | SL | 39.000000000000 | 192 | 0 | 192 | |
| LAND | 2016-01-01 | 481,428 | L | 0 | 0 | 0 | |||
| LAND IMPROVEMENT | 2016-01-01 | 638,890 | 212,965 | SL | 15.000000000000 | 42,593 | 0 | 42,593 | |
| BUILDING | 2016-01-01 | 2,117,367 | 271,455 | SL | 39.000000000000 | 54,291 | 0 | 54,291 | |
| BUILDING IMPROVEMENT | 2016-01-01 | 61,262 | 7,855 | SL | 39.000000000000 | 1,571 | 0 | 1,571 | |
| LAND IMPROVEMENT | 2017-01-01 | 53,725 | 14,328 | SL | 15.000000000000 | 3,582 | 0 | 3,582 | |
| VEHICLES | 2017-01-01 | 20,000 | 16,000 | SL | 5.000000000000 | 4,000 | 0 | 4,000 | |
| VEHICLES | 2018-01-01 | 50,000 | 30,000 | SL | 5.000000000000 | 10,000 | 0 | 10,000 | |
| BUILDING IMPROVEMENT | 2018-01-01 | 11,877 | 915 | SL | 39.000000000000 | 305 | 0 | 305 | |
| MACHINERY & EQUIPMENT | 2019-01-01 | 22,096 | 8,838 | SL | 5.000000000000 | 4,419 | 0 | 4,419 | |
| VEHICLES | 2019-01-01 | 178,875 | 71,550 | SL | 5.000000000000 | 35,775 | 0 | 35,775 | |
| BUILDING IMPROVEMENT | 2020-01-01 | 56,511 | 1,449 | SL | 39.000000000000 | 1,449 | 0 | 1,449 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE FURNITURE | 16,000 | 0 | 16,000 | 16,000 |
| OFFICE FURNITURE | 44,838 | 0 | 44,838 | 44,838 |
| VEHICLES | 40,037 | 0 | 40,037 | 40,037 |
| VEHICLES | 10,964 | 0 | 10,964 | 10,964 |
| VEHICLES | 11,961 | 0 | 11,961 | 11,961 |
| VEHICLES | 11,961 | 0 | 11,961 | 11,961 |
| LEASEHOLD IMPROVEMENTS | 100,588 | 0 | 100,588 | 100,588 |
| VEHICLES | 5,981 | 0 | 5,981 | 5,981 |
| OFFICE FURNITURE | 25,862 | 0 | 25,862 | 25,862 |
| LEASEHOLD IMPROVEMENTS | 34,995 | 0 | 34,995 | 34,995 |
| LEASEHOLD IMPROVEMENTS | 84,392 | 0 | 84,392 | 84,392 |
| LEASEHOLD IMPROVEMENTS | 29,877 | 0 | 29,877 | 29,877 |
| LAND | 10,000 | 0 | 10,000 | 10,000 |
| BUILDING | 7,500 | 0 | 7,500 | 7,500 |
| LAND | 481,428 | 0 | 481,428 | 481,428 |
| LAND IMPROVEMENTS | 638,890 | 0 | 638,890 | 638,890 |
| BUILDING | 2,117,367 | 1,211,423 | 905,944 | 905,944 |
| BUILDING IMPROVEMENTS | 61,262 | 0 | 61,262 | 61,262 |
| LAND IMPROVEMENTS | 53,725 | 0 | 53,725 | 53,725 |
| VEHICLES | 20,000 | 0 | 20,000 | 20,000 |
| VEHICLES | 50,000 | 0 | 50,000 | 50,000 |
| BUILDING IMPROVEMENTS | 11,877 | 0 | 11,877 | 11,877 |
| MACHINERY & EQUIPMENT | 22,096 | 0 | 22,096 | 22,096 |
| VEHICLES | 178,875 | 0 | 178,875 | 178,875 |
| BUILDING IMPROVEMENTS | 56,511 | 0 | 56,511 | 56,511 |
| BUILDING | 143,346 | 0 | 143,346 | 143,346 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 36,827 | 0 | 0 | 36,827 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CLASSIC CARS | 21,749,683 | 0 | 0 |
| ANTIQUES | 1,899,889 | 0 | 0 |
| DEPOSITS | 250,000 | 0 | 0 |
| Description | Amount |
|---|---|
| ELECTION TO ADOPT POLICY TO NOT CAPITALIZE COLLECTION ITEMS | 23,864,040 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUILDING MAINTENANCE - INTEREST EXPENSE | 56,354 | 0 | 0 | 56,354 |
| REPAIRS & MAINTENANCE - VEHICLES | 93,587 | 0 | 0 | 93,587 |
| OFFICE EXPENSES | 19,725 | 0 | 0 | 19,725 |
| VEHICLE EXPENSE | 115,224 | 0 | 0 | 115,224 |
| UTILITIES | 59,269 | 0 | 0 | 59,269 |
| BANK FEES | 37,361 | 0 | 0 | 37,361 |
| INSURANCE | 11,597 | 0 | 0 | 11,597 |
| VEHICLE RESTORATION | 893,392 | 0 | 0 | 893,392 |
| PROPERTY TAX | 154 | 0 | 0 | 154 |
| ADVERTISING | 182,975 | 0 | 0 | 182,975 |
| COLLECTIBLE EXPENSES | 283,988 | 0 | 0 | 283,988 |
| ANTIQUE - SUPPLIES MANTENANCE | 9,172 | 0 | 0 | 9,172 |
| MUSIC BOX RESTORATION & ASSY | 95,247 | 0 | 0 | 95,247 |
| MEALS & EXPENSE | 9,082 | 0 | 0 | 9,082 |
| MISC EXPENSE | -372 | 0 | 0 | -372 |
| TELEPHONE | 5,872 | 0 | 0 | 5,872 |
| CLEANING | 6,082 | 0 | 0 | 6,082 |
| CONSULTING | 2,160 | 0 | 0 | 2,160 |
| COMPUTER SUPPLIES & SOFTWARE | 3,084 | 0 | 0 | 3,084 |
| MOVING EXPENSE | 492 | 0 | 0 | 492 |
| FUND RAISING EXPENSES | 4,082 | 0 | 0 | 4,082 |
| VEHICLE TRANSPORT | 23,953 | 0 | 0 | 23,953 |
| MARKETING EXPENSE | 3,832 | 0 | 0 | 3,832 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PPP LOAN FORGIVENESS | 43,600 | 43,600 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INTERCOMPANY PAYABLE | 56,354 | 0 |
| BANK DEBT | 258,121 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 15,308 | 0 | 0 | 15,308 |