| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 4,595 | 0 | 0 | 4,595 |
| 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 | 4,741 | SL | 30.000000000000 | 327 | 0 | 327 | |
| HEATING SYSTEM | 2016-06-24 | 2,500 | 540 | SL | 30.000000000000 | 83 | 0 | 83 | |
| LIGHTING FIXTURES | 2016-06-28 | 2,180 | 474 | 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 | 860 | SL | 20.000000000000 | 154 | 0 | 154 | |
| THEATER ROAD IMPROVEMENT | 2018-05-08 | 1,782 | 415 | SL | 20.000000000000 | 89 | 0 | 89 | |
| SOUND SYSTEM | 2018-06-19 | 4,000 | 1,800 | SL | 10.000000000000 | 400 | 0 | 400 | |
| LAWN MOWER | 2022-11-11 | 2,500 | 83 | SL | 5.000000000000 | 500 | 0 | 500 | |
| AIR CONDITIONER | 2023-07-31 | 9,800 | SL | 30.000000000000 | 136 | 0 | 136 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| DE MINIMIS SAFE HARBOR ELECTION | FORM 990-PF | FOR THE YEAR ENDING DECEMBER 31, 2023ADAMANT COMMUNITY CULTURAL FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
| 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 | 5,068 | 4,733 | 4,733 |
| HEATING SYSTEM | 2,500 | 623 | 1,877 | 1,877 |
| LIGHTING FIXTURES | 2,180 | 547 | 1,633 | 1,633 |
| LAND | 80,000 | 0 | 80,000 | 80,000 |
| THEATER ROAD IMPROVEMENT | 3,075 | 1,014 | 2,061 | 2,061 |
| THEATER ROAD IMPROVEMENT | 1,782 | 504 | 1,278 | 1,278 |
| SOUND SYSTEM | 4,000 | 2,200 | 1,800 | 1,800 |
| LAWN MOWER | 2,500 | 583 | 1,917 | 1,917 |
| AIR CONDITIONER | 9,800 | 136 | 9,664 | 9,664 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ATTORNEY FEES | 400 | 0 | 0 | 400 |
| 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 | 5,805 | 0 | 0 | 5,805 |
| CLEANING AND MAINTENANCE | 3,064 | 0 | 0 | 3,064 |
| INSURANCE | 8,284 | 0 | 0 | 8,284 |
| POSTAGE AND DELIVERY | 424 | 0 | 0 | 424 |
| SUPPLIES | 15 | 0 | 0 | 15 |
| TELEPHONE | 852 | 0 | 0 | 852 |
| ELECTRICITY | 2,794 | 0 | 0 | 2,794 |
| WEBSITE EXPENSE | 361 | 0 | 0 | 361 |
| PRODUCTIONS | 16,278 | 0 | 0 | 16,278 |
| PRINTING AND REPRODUCTION | 648 | 0 | 0 | 648 |
| TRASH | 457 | 0 | 0 | 457 |
| PAYPAL FEE | 24 | 0 | 0 | 24 |
| BANK SERVICE FEES | 230 | 0 | 0 | 230 |
| MEALS | 4,703 | 0 | 0 | 4,703 |
| CHECKS | 33 | 0 | 0 | 33 |
| CONTRACT MAINTENANCE | 14,900 | 0 | 0 | 14,900 |
| PERFORMER EXPENSE STIPEND | 13,900 | 0 | 0 | 13,900 |
| REPAIRS | 17,980 | 0 | 0 | 17,980 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER REVENUE | 85 | 85 |
| Name | Address |
|---|---|
| VERMONT HUMANITIES |
11 LOOMIS ST MONTPELIER,VT05602 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 12,230 | 0 | 0 | 12,230 |