| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CABRILLO COMMERCE CENTER | FMV | 689,868 | 689,868 |
| PATRICK AIRPORT BUSINESS CENTER | FMV | 1,323,723 | 1,323,723 |
| SEATAC VILLAGE SHOPPING CENTER | FMV | 1,336,865 | 1,336,865 |
| EL GAUCHO II, LLC | FMV | 37,467 | 37,467 |
| 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 | 22,986,633 | 38,624,655 | 38,624,655 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING SERVICES | 52,170 | 0 | 0 | 52,170 |
| INSURANCE | 37,969 | 496 | 0 | 43,058 |
| LICENSES AND FEES | 161 | 0 | 0 | 161 |
| OFFICE SUPPLIES | 214,277 | 0 | 0 | 214,277 |
| POSTAGE AND DELIVERY | 123,307 | 0 | 0 | 123,307 |
| PROOFREADING/COPY-EDITING | 9,957 | 0 | 0 | 9,957 |
| CONSERVATION | 10,275 | 0 | 0 | 10,275 |
| DESIGN | 37,070 | 0 | 0 | 37,070 |
| ART SUPPLIES | 1,468 | 0 | 0 | 1,468 |
| REPAIRS/REPLACEMENTS | 3,000 | 0 | 0 | 3,000 |
| TRAVEL | 342 | 0 | 0 | 342 |
| ART MANAGEMENT | 502,135 | 0 | 0 | 502,135 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EL GAUCHO PORTLAND, LLC #91-2016549 | 5,974 | 6,465 | |
| CABRILLO COMMERCE CENTER #43-1958462 UBI | 0 | ||
| CABRILLO COMMERCE CENTER #43-1958462 | 31,773 | 2,720 | |
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 UBI | 0 | ||
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 | 41,117 | 1,758 | |
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 - UBI | 0 | ||
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 | 42,231 | 7,761 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN - FMV INVESTMENTS | 259,184 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ARTWORK PAYABLE | 1,650,000 | 2,933,100 |
| INCOME TAX PAYABLE | 9,623 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE | 6,712 | 0 | 0 | 0 |
| FEDERAL | 14,984 | 0 | 0 | 0 |
| PAYROLL | 792 | 158 | 0 | 634 |