| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 2,800 | 0 | 0 | 2,800 |
| 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 | 5,068 | SL | 30.000000000000 | 327 | 0 | 327 | |
| HEATING SYSTEM | 2016-06-24 | 2,500 | 623 | SL | 30.000000000000 | 83 | 0 | 83 | |
| LIGHTING FIXTURES | 2016-06-28 | 2,180 | 547 | 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 | 1,014 | SL | 20.000000000000 | 154 | 0 | 154 | |
| THEATER ROAD IMPROVEMENT | 2018-05-08 | 1,782 | 504 | SL | 20.000000000000 | 89 | 0 | 89 | |
| SOUND SYSTEM | 2018-06-19 | 4,000 | 2,200 | SL | 10.000000000000 | 400 | 0 | 400 | |
| LAWN MOWER | 2022-11-11 | 2,500 | 583 | SL | 5.000000000000 | 500 | 0 | 500 | |
| AIR CONDITIONER | 2023-07-31 | 9,800 | 136 | SL | 30.000000000000 | 327 | 0 | 327 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| DE MINIMIS SAFE HARBOR ELECTION | FORM 990-PF | FOR THE YEAR ENDING DECEMBER 31, 2024ADAMANT 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 | 5,395 | 4,406 | 4,406 |
| HEATING SYSTEM | 2,500 | 706 | 1,794 | 1,794 |
| LIGHTING FIXTURES | 2,180 | 620 | 1,560 | 1,560 |
| LAND | 80,000 | 0 | 80,000 | 80,000 |
| THEATER ROAD IMPROVEMENT | 3,075 | 1,168 | 1,907 | 1,907 |
| THEATER ROAD IMPROVEMENT | 1,782 | 593 | 1,189 | 1,189 |
| SOUND SYSTEM | 4,000 | 2,600 | 1,400 | 1,400 |
| LAWN MOWER | 2,500 | 1,083 | 1,417 | 1,417 |
| AIR CONDITIONER | 9,800 | 463 | 9,337 | 9,337 |
| 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 | 6,071 | 0 | 0 | 6,071 |
| CLEANING AND MAINTENANCE | 3,351 | 0 | 0 | 3,351 |
| INSURANCE | 9,005 | 0 | 0 | 9,005 |
| POSTAGE AND DELIVERY | 228 | 0 | 0 | 228 |
| SUPPLIES | 702 | 0 | 0 | 702 |
| TELEPHONE | 1,162 | 0 | 0 | 1,162 |
| ELECTRICITY | 3,540 | 0 | 0 | 3,540 |
| WEBSITE EXPENSE | 361 | 0 | 0 | 361 |
| PRODUCTIONS | 14,468 | 0 | 0 | 14,468 |
| PRINTING AND REPRODUCTION | 1,024 | 0 | 0 | 1,024 |
| TRASH | 741 | 0 | 0 | 741 |
| PAYPAL FEE | 17 | 0 | 0 | 17 |
| BANK SERVICE FEES | 330 | 0 | 0 | 330 |
| MEALS | 5,354 | 0 | 0 | 5,354 |
| CHECKS | 68 | 0 | 0 | 68 |
| CONTRACT MAINTENANCE | 15,563 | 0 | 0 | 15,563 |
| PERFORMER EXPENSE STIPEND | 11,300 | 0 | 0 | 11,300 |
| REPAIRS | 3,500 | 0 | 0 | 3,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 13,397 | 0 | 0 | 13,397 |
| FEDERAL TAXES | 2 | 0 | 0 | 2 |