| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,170 | 2,543 | 2,543 | 7,627 |
| PROFESSIONAL FEES-101 CHURCH | 429 | 429 | 429 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 101 CHURCH ST. LAND | 2013-01-01 | 130,000 | L | 0 | 0 | 0 | |||
| 101 CHURCH ST. PROPERTY | 2013-01-01 | 971,100 | 265,598 | SL | 39.000000000000 | 24,900 | 24,900 | 24,900 | |
| 101 CHURCH ST. RENOVATION COSTS | 2013-03-01 | 79,433 | 20,030 | SL | 39.000000000000 | 2,037 | 2,037 | 2,037 | |
| 101 CHURCH ST. FENCING | 2013-12-31 | 15,231 | 9,135 | SL | 15.000000000000 | 1,015 | 1,015 | 1,015 | |
| 101 CHURCH ST. WINDOWS | 2013-12-31 | 7,906 | 2,584 | SL | 27.500000000000 | 287 | 287 | 287 | |
| 101 CHURCH-BLDG IMPROVEMENTS:BRICK STEPS | 2021-04-09 | 4,000 | 248 | SL | 27.500000000000 | 145 | 145 | 145 | |
| 101 CHURCH-BLDG IMPROVEMENTS:HVAC EQUIP | 2021-07-06 | 5,951 | 315 | SL | 27.500000000000 | 216 | 216 | 216 | |
| 101 CHURCH-BLDG IMPROVEMENTS:HVAC | 2022-05-11 | 12,607 | 287 | SL | 27.500000000000 | 458 | 458 | 458 | |
| OFFICE COMMERCIAL F&F 88 | 1988-10-31 | 4,900 | 4,900 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE COMMERCIAL F&F 95 | 1995-04-30 | 8,700 | 8,700 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE COMMERCIAL F&F 99 | 1999-07-01 | 1,887 | 1,887 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP SOFTWARE | 2002-08-15 | 772 | 772 | SL | 3.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP COMPUTER | 2004-10-31 | 1,646 | 1,646 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP COMPUTER | 2005-09-30 | 1,811 | 1,811 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP ELEC CUTTER | 2006-02-07 | 8,349 | 8,349 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP COMPUTER | 2006-04-26 | 1,385 | 1,385 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP PHONE | 2006-06-29 | 251 | 251 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP 06 | 2006-06-29 | 40,882 | 40,882 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMM OFF EQP COMPUTER | 2006-06-29 | 3,234 | 3,234 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMM F&F 09 | 2009-01-19 | 12,700 | 12,700 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMM F&F 09 | 2009-01-28 | 5,295 | 5,295 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMM F&F 09 | 2009-02-11 | 6,000 | 6,000 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMM F&F 09 | 2009-02-18 | 6,300 | 6,300 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMM F&F 09 | 2009-03-23 | 420 | 420 | SL | 7.000000000000 | 0 | 0 | 0 | |
| 101 CHURCH ST. NAP OFFICE | 2013-01-01 | 198,900 | 54,400 | SL | 39.000000000000 | 5,100 | 0 | 5,100 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| STATEMENT REGARDING CONTROLLED ENTITY | FORM 990-PF, PART VI-A, LINE 11 | ABEL LLC (ABEL) IS A SINGLE MEMBER LLC (SMLLC), WHOLLY OWNED BY THE NATIONAL ARTS PROGRAM FOUNDATION (FOUNDATION). AS A SMLLC, ABEL IS A DISREGARDED ENTITY, AND ALL OF ITS INCOME, DEDUCTIONS, ASSETS AND LIABILITIES HAVE BEEN INCLUDED ON THE FORM 990-PF FILED BY THE FOUNDATION. ABEL OWNS RENTAL REAL ESTATE WHICH INCLUDES THE OFFICE FROM WHICH THE FOUNDATION OPERATES, AND OTHER OFFICE SPACE RENTED TO UNRELATED TENANTS. ON OCCASION, ABEL TRANSFERS FUNDS FROM ITS RENTAL ACTIVITY TO THE FOUNDATION. HOWEVER, NO TRANSFERS WITHING THE MEANING OF SECTION 512(B)(13) WERE MADE DURING THE YEAR 2023. |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 101 CHURCH ST. LAND | 130,000 | 0 | 130,000 | 130,000 |
| 101 CHURCH ST. PROPERTY | 971,100 | 290,498 | 680,602 | 680,602 |
| 101 CHURCH ST. RENOVATION COSTS | 79,433 | 22,067 | 57,366 | 57,366 |
| 101 CHURCH ST. FENCING | 15,231 | 10,150 | 5,081 | 5,081 |
| 101 CHURCH ST. WINDOWS | 7,906 | 2,871 | 5,035 | 5,035 |
| 101 CHURCH-BLDG IMPROVEMENTS:BRICK STEPS | 4,000 | 393 | 3,607 | 3,607 |
| 101 CHURCH-BLDG IMPROVEMENTS:HVAC EQUIP | 5,951 | 531 | 5,420 | 5,420 |
| 101 CHURCH-BLDG IMPROVEMENTS:HVAC | 12,607 | 745 | 11,862 | 11,862 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GLENMEDE-GS FS GOVERNMA | FMV | 638,544 | 638,544 |
| GLENMEDE-BLACKROCK SYSTEMATIC MULTI STRATEGY FD | FMV | 539,160 | 539,160 |
| GLENMEDE-ISHARES SHORT-TERM CORP BOND ETF | FMV | 657,346 | 657,346 |
| GLENMEDE-VANGUARD S-T INVESTMENT GRADE DTD 9/1/2013 | FMV | 937,239 | 937,239 |
| GLENMEDE-VANGUARD ULTRA SHORT BOND ETF | FMV | 537,412 | 537,412 |
| GLENMEDE-BLACKROCK HIGH YIELD BOND PORTFOLIO | FMV | 200,797 | 200,797 |
| GLENMEDE-VANGUARD HIGH YIELD CORP-ADM | FMV | 199,350 | 199,350 |
| GLENMEDE-HEALTH CARE SELECT SECTOR | FMV | 177,976 | 177,976 |
| GLENMEDE-INDUSTRIAL SELECT SECT SPDR | FMV | 185,234 | 185,234 |
| GLENMEDE-TECHNOLOGY SELECT SECTOR SPDR FD | FMV | 411,907 | 411,907 |
| GLENMEDE-DODGE & COX STOCK FUND | FMV | 380,174 | 380,174 |
| GLENMEDE-ISHARES HIGH DIVIDEND EQUITY FD | FMV | 335,037 | 335,037 |
| GLENMEDE-ISHARES MSCI USA QUALITY FACTOR ETF | FMV | 554,718 | 554,718 |
| GLENMEDE-ISHARES MSCI USA VALUE ETF | FMV | 209,401 | 209,401 |
| GLENMEDE-ISHRES RUSSELL TOP 200 GROWTH ETF | FMV | 286,485 | 286,485 |
| GLENMEDE-ISHARES S&P 100 INDEX FUND | FMV | 368,594 | 368,594 |
| GLENMEDE-ISHARES TR S&P GL IN | FMV | 177,128 | 177,128 |
| GLENMEDE-ISHARES US MEDICAL DEVICES | FMV | 139,512 | 139,512 |
| GLENMEDE-JPMORGAN MID CAP VALUE FD-IN | FMV | 138,508 | 138,508 |
| GLENMEDE-PRIMECAP ODYSSEY GROWTH FUND | FMV | 286,412 | 286,412 |
| GLENMEDE-S & P 500 DEPOSITORY RECEIPT | FMV | 559,440 | 559,440 |
| GLENMEDE-UNDISCOVERED MANAGERS BEHAVIORA VALUE | FMV | 173,160 | 173,160 |
| GLENMEDE-BLACKROCK EMERGIN MARKETS FUND | FMV | 323,068 | 323,068 |
| GLENMEDE-ISHRES CORE MSCI EMERTING MARKETS | FMV | 345,967 | 345,967 |
| GLENMEDE-ISHARES MSC EAFE MIN VOL ETG | FMV | 326,245 | 326,245 |
| GLENMEDE-ISHARES MSCI EMERG MKTS MIN VOL FACT ETF | FMV | 249,321 | 249,321 |
| GLENMEDE-LAZARD INTERNATIONAL STRATEGIC EQUITY | FMV | 331,577 | 331,577 |
| GLENMEDE-OAKMARK INTERNATIONAL FUND | FMV | 364,590 | 364,590 |
| GLENMEDE-INVESCO EXCHANGE TRADED FUND TR II KBW | FMV | 240,539 | 240,539 |
| GLENMEDE-BLACKROCK GLOBAL LONG SHORT CREDIT FD | FMV | 397,002 | 397,002 |
| GLENMEDE-BLACKROCK MULTI ASSET INCOME FUND | FMV | 477,021 | 477,021 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE COMMERCIAL F&F 88 | 4,900 | 4,900 | 0 | 0 |
| OFFICE COMMERCIAL F&F 95 | 8,700 | 8,700 | 0 | 0 |
| OFFICE COMMERCIAL F&F 99 | 1,887 | 1,887 | 0 | 0 |
| COMM OFF EQP SOFTWARE | 772 | 772 | 0 | 0 |
| COMM OFF EQP COMPUTER | 1,646 | 1,646 | 0 | 0 |
| COMM OFF EQP COMPUTER | 1,811 | 1,811 | 0 | 0 |
| COMM OFF EQP ELEC CUTTER | 8,349 | 8,349 | 0 | 0 |
| COMM OFF EQP COMPUTER | 1,385 | 1,385 | 0 | 0 |
| COMM OFF EQP PHONE | 251 | 251 | 0 | 0 |
| COMM OFF EQP 06 | 40,882 | 40,882 | 0 | 0 |
| COMM OFF EQP COMPUTER | 3,234 | 3,234 | 0 | 0 |
| COMM F&F 09 | 12,700 | 12,700 | 0 | 0 |
| COMM F&F 09 | 5,295 | 5,295 | 0 | 0 |
| COMM F&F 09 | 6,000 | 6,000 | 0 | 0 |
| COMM F&F 09 | 6,300 | 6,300 | 0 | 0 |
| COMM F&F 09 | 420 | 420 | 0 | 0 |
| 101 CHURCH ST. NAP OFFICE | 198,900 | 59,500 | 139,400 | 139,400 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 6,426,980 | 2,600,000 | 2,600,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | 3,787 | 0 | 0 | 3,787 |
| INSURANCE | 5,178 | 0 | 0 | 5,178 |
| TECHNOLOGY | 53,223 | 0 | 0 | 53,223 |
| OFFICE EXPENSE | 54,284 | 0 | 0 | 54,284 |
| PAYROLL PROCESSING | 3,162 | 0 | 0 | 3,162 |
| INSURANCE-101 CHURCH | 9,452 | 9,452 | 9,452 | 0 |
| REPAIRS & MAINT-101 CHURCH | 32,500 | 32,500 | 32,500 | 0 |
| BANK SERVICE CHARGES | 36 | 36 | 36 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MACMILLAN ROYALTY INCOME | 1,882 | 1,882 | 1,882 |
| Description | Amount |
|---|---|
| UNREALIZED CAPITAL GAIN(LOSS) | 1,034,853 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 22,860 | 23,560 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 67,091 | 67,091 | 67,091 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 6,159 | 6,159 | 6,159 | 0 |
| PAYROLL TAXES | 14,001 | 2,800 | 2,800 | 11,201 |
| FEDERAL SECTION 4940 TAX | 6,000 | 0 | 0 | 0 |
| FRANCHISE TAX | 300 | 0 | 0 | 300 |
| PROPERTY TAXES-101 CHURCH | 15,108 | 15,108 | 15,108 | 0 |