| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 36,668 | 0 | 36,668 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Base Grant Process Software (Npower) | 2005-10-14 | 20,000 | 20,000 | SL | 3.000000000000 | 0 | 0 | ||
| Consulting fees to redesign website | 2011-11-11 | 4,000 | 4,000 | SL | 3.000000000000 | 0 | 0 | ||
| Friendly Design Company (site design/development) | 2011-12-21 | 6,525 | 6,525 | SL | 3.000000000000 | 0 | 0 | ||
| Friendly Design Company (site design/development) | 2016-04-19 | 6,525 | 6,525 | SL | 3.000000000000 | 0 | 0 | ||
| Continium Technology - AV Equipment | 2022-09-29 | 5,696 | 1,429 | SL | 5.000000000000 | 1,139 | 0 | ||
| Moi- Various pieces of furniture | 2022-05-24 | 33,944 | 7,786 | SL | 7.000000000000 | 4,849 | 0 | ||
| Microsoft Surface Laptop 4 | 2023-01-31 | 1,747 | 582 | SL | 3.000000000000 | 583 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Controlled Entity | Form 990-PF, Part VII-A, Line 11 | Arca's ownership of the Biome Ventures Holding LLC is not an excess business holding because the LLC is not a "business enterprise" under the definitions for the application of the excess business tax rules. See 26 CFR 53.4943-1; 26 CFR 53.4943-10. The term "business enterprise" does not include a trade or business at least 95% of the gross income of which is derived from passive sources. 26 CFR 53.4943-10(c). Thus, stock in or ownership of a passive holding company such as Biome is not considered a holding in a business enterprise even if the company is controlled by the foundation. See PLR XXX-XX-XXXX. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate bonds | 2,415,496 | 2,415,496 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Common Stock | 19,608,921 | 19,608,921 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Cash equivalents | FMV | 943,576 | 943,576 |
| Mutual funds - fixed | FMV | 13,641,577 | 13,641,577 |
| Private equity funds | FMV | 5,514,972 | 5,514,972 |
| Asset-backed securities | FMV | 952,101 | 952,101 |
| Certificates of deposit | FMV | 528,186 | 528,186 |
| Alternative investments | FMV | 721,324 | 721,324 |
| Program-related investments | FMV | 500,000 | 500,000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Base Grant Process Software (Npower) | 20,000 | 20,000 | 0 | |
| Consulting fees to redesign website | 4,000 | 4,000 | 0 | |
| Friendly Design Company (site design/development) | 6,525 | 6,525 | 0 | |
| Friendly Design Company (site design/development) | 6,525 | 6,525 | 0 | |
| Continium Technology - AV Equipment | 5,696 | 2,568 | 3,128 | |
| Moi- Various pieces of furniture | 33,944 | 12,635 | 21,309 | |
| Microsoft Surface Laptop 4 | 1,747 | 1,165 | 582 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal | 77,455 | 0 | 88,225 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Right-of-use asset- operating lease | 402,324 | 369,172 | 369,172 |
| Federal excise tax refund receivable | 52,349 | 70,207 | 70,207 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Repairs and maintenance | 716 | 0 | 716 | |
| Furniture and equip. rental | 3,565 | 0 | 3,565 | |
| Office supplies | 5,439 | 0 | 5,439 | |
| Telephone | 1,745 | 0 | 1,745 | |
| Insurance | 12,594 | 0 | 12,594 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Partnership ordinary income/loss | 0 | -2,274 | 0 |
| Sec. 988 gain | 0 | -1,949 | 0 |
| Description | Amount |
|---|---|
| Unrealized gain | 3,040,184 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Deferred federal excise tax liability | 132,037 | 162,236 |
| Federal excise tax payable | 30,778 | 63,096 |
| Lease liability - operating lease | 490,444 | 457,434 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment mgmt fees | 234,908 | 218,524 | 16,384 | |
| Consultants/temporary staff | 54,057 | 0 | 50,453 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal excise tax | 44,659 | 0 | 0 |