| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PFK OCONNOR DAVIES, LLP | 30,000 | 30,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SEE ATTACHED SCHEDULE | 617,537 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN SUBSIDIARY | FMV | 166,787 | 166,787 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| SEE ATTACHED REPORT | 19,851,700 | 4,829,047 | 15,022,653 | 15,022,653 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PATTERSON BELKNAP WEBB TYLER LLP | 16,313 | 16,313 | ||
| POWLEY GIBSON, P.C. | 41,204 | 41,204 | ||
| MORGAN LEWIS BOCKIUS LLP | 8,252 | 8,252 |
| Item No. | 1 |
|---|---|
| Lender's Name | SMALL BUSINESS ADMINISTRATION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 474,600 |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | PAYROLL PROTECTION PROGRAM |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 33,870,731 | 34,043,618 | 34,043,618 |
| WORK IN PROCESS | 3,381,589 | 3,186,898 | 3,186,898 |
| DOCUMENTARY WORK | 232,192 | ||
| CHARGER PLATES | 70,319 | 70,319 | 70,319 |
| INTELLECTUAL PROPERTY- BOOKS | 118,585 | 2,500 | 2,500 |
| PREPAID EXPENSES- BOOKS | 125,411 | 137,911 | 137,911 |
| BOOKS INVENTORY | 664,940 | 647,553 | 647,553 |
| MERCHANDISE | 10,503 | 10,503 | 10,503 |
| CASTING DISPLAYS | 20,999 | 20,999 | 20,999 |
| MINIATURES | 70,773 | 70,773 | 70,773 |
| GOODWILL | 600,620 | 525,543 | 525,543 |
| EXCHANGE | 3,450 | 3,450 | |
| PREPAID INSURANCE | 1,350 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DIRECT PROJECT COSTS | 716,259 | 716,259 | ||
| OFFICE SUPPLIES | 30,778 | 30,778 | ||
| INSURANCE | 118,359 | 118,359 | ||
| AUTO EXPENSE | 10,265 | 10,265 | ||
| SHIPPING STORAGE | 6,254 | 6,254 | ||
| MARKETING | 185,026 | 185,026 | ||
| SMALL TOOLS ART SUPPLIES | 110,292 | 110,292 | ||
| BANK CHARGES FEES | 2,725 | 2,725 | ||
| POSTAGE DELIVERY | 3,670 | 3,670 | ||
| WEBSITE, INTERNET COMPUTER NETWORK | 7,978 | 7,978 | ||
| EQUIPMENT RENTAL MAINTENANCE | 67,867 | 67,867 | ||
| GARBAGE REMOVAL | 16,030 | 16,030 | ||
| GAS CYLINDER RNETAL | 3,924 | 3,924 | ||
| AMORTIZATION | 425,854 | 425,854 | ||
| EDUCATION SEMINARS | 1,375 | 1,375 | ||
| LICENSES FEES | 1,399 | 1,399 | ||
| MISCELLANEOUS | 1,468 | 1,468 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EXHIBITION INCOME | 269,940 | ||
| ARTISTIC SERVICE REVENUE | 591,384 | ||
| PUBLIC ENGAGEMENT | 26,680 | ||
| OTHER INCOME | 2,860 | ||
| INVESTMENT IN SUBSIDIARY | 122,915 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 7,423 | 7,861 |
| SALES TAX PAYABLE | 2,297 | 2,297 |
| LEASE PAYABLE | 8,569 | 3,209 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| JFO,LLC | 149,747 | 149,747 | ||
| JC MAINTENANCE SOLUTIONS | 25,280 | 25,280 | ||
| STREAMLINE HR | 4,455 | 4,455 | ||
| COMPASSIONATE RETURN LLC | 9,763 | 9,763 | ||
| OTHER OUTSIDE SERVICES | 56,699 | 56,699 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| SCULPTURE | 699,000 | 441,451 | 257,549 |
| BOOKS | 9,826 | 17,369 | -7,543 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 22,955 | 22,955 | ||
| EXCISE TAX | 13 | 13 |