| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 6,450 | 0 | 0 | 6,450 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER | 2019-06-30 | 3,045 | 3,045 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| EPSON SCANNER | 2024-07-24 | 4,789 | 200DB | 5.000000000000 | 3,160 | 0 | 399 | ||
| COMPUTER | 2024-08-22 | 2,959 | 200DB | 5.000000000000 | 1,953 | 0 | 197 | ||
| COMPUTER | 2024-08-25 | 2,995 | 200DB | 5.000000000000 | 1,977 | 0 | 200 | ||
| COMPUTER | 2024-08-25 | 2,292 | 200DB | 5.000000000000 | 1,513 | 0 | 153 | ||
| COMPUTER | 2024-10-16 | 1,850 | 200DB | 5.000000000000 | 1,147 | 0 | 62 | ||
| STORAGE CABINETS | 2024-10-01 | 7,372 | 200DB | 7.000000000000 | 4,528 | 0 | 263 | ||
| CARPET | 2024-10-01 | 2,148 | 200DB | 7.000000000000 | 1,320 | 0 | 77 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF ART | PURCHASED | 2024-12 | 700,000 | 481,295 | COST | 0 | 218,705 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY | 538,274 | 538,274 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 3,045 | 3,045 | 0 | 0 |
| EPSON SCANNER | 4,789 | 3,160 | 1,629 | 1,629 |
| COMPUTER | 2,959 | 1,953 | 1,006 | 1,006 |
| COMPUTER | 2,995 | 1,977 | 1,018 | 1,018 |
| COMPUTER | 2,292 | 1,513 | 779 | 779 |
| COMPUTER | 1,850 | 1,147 | 703 | 703 |
| STORAGE CABINETS | 7,372 | 4,528 | 2,844 | 2,844 |
| CARPET | 2,148 | 1,320 | 828 | 828 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 17,904 | 0 | 0 | 17,904 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 13,943,000 | 13,859,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER AND INTERNET | 2,325 | 0 | 0 | 2,325 |
| INSURANCE | 2,193 | 0 | 0 | 2,193 |
| OFFICE SUPPLIES | 1,891 | 0 | 0 | 1,891 |
| POSTAGE | 191 | 0 | 0 | 191 |
| UTLILTIES | 6,364 | 0 | 0 | 6,364 |
| REGISTRATION FEES | 831 | 0 | 0 | 831 |
| BANK CHARGES | 300 | 0 | 0 | 300 |
| DUES AND SUBSCRIPTIONS | 150 | 0 | 0 | 150 |
| TRAVEL AND LOCAL TRANSPORTATION | 3,386 | 0 | 0 | 3,386 |
| ARTWORK STORAGE | 1,108 | 0 | 0 | 1,108 |
| SECURITY | 1,112 | 0 | 0 | 1,112 |
| REPAIRS AND MAINTENANCE | 1,378 | 0 | 0 | 1,378 |
| MEETING | 604 | 0 | 0 | 604 |
| FRAMING | 1,009 | 0 | 0 | 1,009 |
| SUPPLIES | 2,566 | 0 | 0 | 2,566 |
| INVESTMENT FEES | 6,381 | 6,381 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CAPITAL GAIN DISTRIBUTIONS | 7,089 | 7,089 | 7,089 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS ON INVESTMENTS | 26,524 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 4,948 | 3,865 |
| CREDIT CARD PAYABLE | 762 | 969 |
| Name | Address |
|---|---|
|
RUTH ARTS FOUNDATION |
325 W FLORIDA STREET MILWAUKEE,WI53204 |
| NENE HUMPHREY |
564 SACKETT STREET BROOKLYN,NY11217 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 6,371 | 0 | 0 | 6,371 |
| FEDERAL TAXES | 268 | 0 | 0 | 0 |