| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMMON STOCK | 23,511,198 | 23,511,198 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | FMV | 2,946,379 | 2,946,379 |
| CLOSED END FUNDS | FMV | 2,729,492 | 2,729,493 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CERAMICS | 282,871 | 282,871 | |
| EDUCATIONAL MATERIALS | 17,727 | 17,727 | |
| GLASS | 445,150 | 445,150 | |
| PAINTINGS | 12,651,372 | 13,812,967 | |
| SCULPTURE | 3,555,907 | 3,606,907 | |
| PHOTOGRAPHS | 30,925 | 30,925 | |
| WORKS ON PAPER | 4,285,087 | 4,840,552 | 4,840,552 |
| PREPAID FEDERAL EXCISE TAX | 9,131 | 0 | 0 |
| TEXTILES | 780 | 780 | 780 |
| SOFTWARE | 0 | 58,250 | 58,250 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 275,453 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTOMOTIVE | 436 | 0 | 44 | 392 |
| DUES & MEMBERSHIP | 19,656 | 0 | 1,966 | 17,690 |
| EXHIBITS & COLLECTIONS | 749,667 | 0 | 0 | 749,667 |
| INSURANCE | 31,716 | 0 | 1,692 | 30,024 |
| LIBRARY | 1,015 | 0 | 101 | 914 |
| MISCELLANEOUS | 28,530 | 0 | 2,852 | 25,678 |
| OFFICE EQUIPMENT REPAIR | 41,517 | 0 | 4,151 | 37,366 |
| OFFICE SUPPLIES | 20,812 | 0 | 2,081 | 18,731 |
| PROFESSIONAL SERVICES | 39,375 | 0 | 3,938 | 35,437 |
| REPAIRS AND MAINTENANCE | 184,527 | 0 | 9,226 | 175,301 |
| TELEPHONE | 11,046 | 0 | 1,104 | 9,942 |
| UTILITIES | 85,721 | 0 | 4,286 | 81,435 |
| INVESTMENT EXPENSE | 148,992 | 148,992 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CATALOGUES AND POSTERS | 36,654 | 36,654 | |
| TOUR RENTALS | 121,487 | 121,487 | |
| WORKSHOPS | 8,338 | 8,338 | |
| PROCESSING FEES | 41,940 | 41,940 | |
| TRAVEL PROGRAM | 25,710 | 25,710 | |
| MISCELLANEOUS | 26,244 | 26,244 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED WAGES | 17,061 | 20,369 |
| ACCRUED PAID TIME OFF | 3,937 | 3,192 |
| CREDIT CARDS PAYABLE | 33,014 | 44,854 |
| DEFERRED FEDERAL EXCISE TAX | 137,422 | 134,239 |
| OTHER CURRENT LIABILITIES | 15,984 | 6,183 |
| FEDERAL EXCISE TAX PAYABLE | 0 | 20,065 |
| CONSTRUCTION IN PROGRESS PAYABLE | 0 | 188,334 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES AND BENEFITS | 150,352 | 0 | 27,063 | 123,289 |
| EXCISE TAX EXPENSE | 29,230 | 0 | 29,230 | 0 |
| REAL ESTATE TAXES | 18,685 | 0 | 18,685 | 0 |