| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Rich, Wightman & Co. CPAs Accounting and tax | 8,322 | 2,081 | 6,242 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Video Projector, Tech Equip & DVID | 2008-01-01 | 6,389 | 6,389 | 200DB | 7.000000000000 | 0 | |||
| Video Equipment | 2014-12-01 | 915 | 915 | 200DB | 7.000000000000 | 0 | |||
| Fire Protection Equopment | 2023-01-11 | 3,786 | 242 | SL | 15.000000000000 | 244 | 183 | ||
| HVAC unit | 2023-02-27 | 4,342 | 253 | SL | 15.000000000000 | 282 | 212 | ||
| Fire Protection | 2023-09-19 | 7,235 | 141 | SL | 15.000000000000 | 489 | 367 | ||
| New roof | 2023-11-21 | 28,513 | 91 | SL | 39.000000000000 | 731 | 548 | ||
| Frame television for media room | 2023-08-07 | 3,521 | 704 | SL | 5.000000000000 | 626 | 626 | ||
| Signage | 2023-09-21 | 5,119 | 256 | SL | 15.000000000000 | 335 | 335 | ||
| Museum Quality Archival Screens | 2024-03-22 | 52,224 | SL | 5.000000000000 | 5,222 | 5,222 | |||
| Museum Camera System | 2024-10-23 | 3,115 | SL | 5.000000000000 | 311 | 233 | |||
| Gallery Benches | 2024-01-27 | 4,236 | SL | 5.000000000000 | 424 | 424 | |||
| Gallery Benches | 2024-02-13 | 3,446 | SL | 5.000000000000 | 345 | 345 | |||
| Gallery Benches | 2024-06-17 | 3,235 | SL | 5.000000000000 | 324 | 324 | |||
| Architect Fees (WIP, not in service0 | 2024-12-17 | 5,000 | L | 0.000000000000 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| Marketable securities | Donated | Marketable securities sold thorugh | 569,901 | 496,424 | 73,477 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Morgan Stanley - Account 2039 - see attached stmt | 273,404 | 273,010 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Morgan Stanley #2039 - Stocks - see attached stmt | 178,386 | 175,248 |
| Morgan Stanley #2039 - Exchange & Closed-End Funds - see attached stmt | 576,128 | 568,995 |
| Morgan Stanley #2039 - Mutual Funds - see attached stmt | 92,039 | 88,156 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land | 169,000 | 0 | 169,000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Fixed Assets | 131,076 | 18,325 | 112,751 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Reynolds Cafferata, RHCC Legal services | 7,021 | 7,021 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Fine arts held for museum operations | 2,609,875 | 2,609,875 | 2,609,875 |
| Deposits | 317 | 0 | 0 |
| Intangible assets: Film documentary | 67,820 | 69,770 | 69,770 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Advertising | 67,232 | 67,232 | ||
| Auto | 234 | 234 | ||
| Contract labor | 48,021 | 22,850 | 25,171 | |
| Dues & subscriptions | 568 | 568 | ||
| Insurance | 10,202 | 10,202 | ||
| Office expense | 12,771 | 12,771 | ||
| Repairs & maintenance | 29,957 | 22,468 | 7,489 | |
| Fees | 180 | 180 | ||
| Travel | 10,938 | 10,938 | ||
| Utilities | 7,093 | 5,320 | 1,773 | |
| Security | 2,926 | 2,195 | 732 | |
| Archival & preservation | 3,540 | 3,540 | ||
| Catering/equipment rental | 7,444 | 7,444 | 0 | |
| Meetings | 1,735 | 1,735 | ||
| Shipping | 316 | 316 | ||
| Hospitality | 905 | 905 | ||
| Grants | 1,500 | 1,500 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Museum entrance fees/memberships | 34,216 | 34,216 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Credit card payable | 10,129 | |
| Gift cards outstanding | 100 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Nextech Computer services | 4,850 | 4,850 | ||
| Horticultural Consultants Inc Landscape design/consulting | 2,313 | 2,313 | ||
| Pink Kitty Creative Graphic design | 2,226 | 2,226 | 0 | |
| Janice Lyle Stategic planning/bylaws | 3,075 | 3,075 | ||
| Terry Mahoney Event presention | 1,088 | 1,088 | 0 | |
| JM Huck Poetry workshop | 180 | 180 | 0 | |
| Hanging Around Town Design services | 175 | 175 | 0 | |
| Christopher Armendariz Photograpy | 413 | 413 | 0 | |
| Brian G Thorton Designs Design services | 135 | 135 | 0 | |
| Morgan Stanley Investment advisory fees | 1,490 | 1,470 | 20 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property taxes | 2,912 | 2,912 | ||
| Net investment income excise tax | 12 |