| Category | Amount |
|---|---|
| VARIOUS ARTWOK PURCHASES | 9,569,699 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CABRILLO COMMERCE CENTER | FMV | 806,651 | 806,651 |
| PATRICK AIRPORT BUSINESS CENTER | FMV | 1,583,468 | 1,583,468 |
| SEATAC VILLAGE SHOPPING CENTER | FMV | 1,306,918 | 1,306,918 |
| EL GAUCHO II, LLC | FMV | 27,986 | 27,986 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM ASSETS-ART | 45,198,578 | 66,790,577 | 66,790,577 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL BENEFITS AND TAX | 837 | 167 | 0 | 670 |
| CONSULTING SERVICES | 63,920 | 0 | 0 | 63,920 |
| INSURANCE | 51,546 | 496 | 0 | 52,195 |
| LICENSES AND FEES | 85 | 10 | 0 | 75 |
| PROFESSIONAL FEES | 11,342 | 2,268 | 0 | 9,074 |
| DUES & MEMBERSHIPS | 1,000 | 0 | 0 | 1,000 |
| OFFICE SUPPLIES | 153,017 | 0 | 0 | 153,017 |
| POSTAGE AND DELIVERY | 320,687 | 0 | 0 | 320,687 |
| DESIGN | 7,422 | 0 | 0 | 7,422 |
| CONSERVATION | 4,217 | 0 | 0 | 4,217 |
| ART SUPPLIES | 15,793 | 0 | 0 | 15,793 |
| REPAIRS/REPLACEMENTS | 2,805 | 0 | 0 | 2,805 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CABRILLO COMMERCE CENTER #43-1958462 | 29,718 | 987 | |
| CABRILLO COMMERCE CENTER #43-1958462 UBI | 0 | ||
| EL GAUCHO PORTLAND, LLC #91-2016549 | 7,294 | 24 | |
| EL GAUCHO PORTLAND, LLC #91-2016549 UBI | 0 | ||
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 | 45,047 | -7,911 | |
| PATRICK AIRPORT BUSINESS CENTER #42-1538086 UBI | 0 | ||
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 | 60,879 | 18,053 | |
| SEA TAC VILLAGE SHOPPING CENTER #20-1048739 UBI | 0 | ||
| EVI CORPORATION | 0 | 0 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN - FMV INVESTMENTS | 1,288,639 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ARTWORK PAYABLE | 455,000 | 600,000 |
| INCOME TAX PAYABLE | 0 | 6,600 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE | 14,348 | 809 | 0 | 0 |
| FEDERAL | 38,618 | 0 | 0 | 0 |