| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PFK OCONNOR DAVIES, LLP | 42,359 | 42,359 | ||
| IK ACCOUNTING LLC | 1,500 | 1,500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SEE ATTACHED SCHEDULE | 1,228,639 | 578,894 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN SUBSIDIARY | FMV | 46,933 | 46,933 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| SEE ATTACHED REPORT | 20,019,390 | 6,019,043 | 14,000,347 | 14,000,347 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PATTERSON BELKNAP WEBB TYLER LLP | 20,501 | 20,501 | ||
| POWLEY GIBSON, P.C. | 20,509 | 20,509 | ||
| MORGAN LEWIS BOCKIUS LLP | 4,084 | 4,084 |
| Item No. | 1 |
|---|---|
| Lender's Name | SMALL BUSINESS ADMINISTRATION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 474,600 |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | PAYROLL PROTECTION PROGRAM |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 34,110,257 | 33,948,637 | 33,948,637 |
| WORK IN PROCESS | 2,915,348 | 2,856,738 | 2,856,738 |
| CHARGER PLATES | 70,319 | 70,319 | 70,319 |
| PREPAID EXPENSES- BOOKS | 137,911 | 137,911 | 137,911 |
| BOOKS INVENTORY | 628,394 | 610,510 | 610,510 |
| MERCHANDISE | 10,503 | 10,503 | 10,503 |
| CASTING DISPLAYS | 20,999 | 20,999 | 20,999 |
| MINIATURES | 70,773 | 70,773 | 70,773 |
| GOODWILL | 450,466 | 375,388 | 375,388 |
| PREPAID INSURANCE | 2,700 | 1,350 | 1,350 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DIRECT PROJECT COSTS | 681,197 | 681,197 | ||
| OFFICE SUPPLIES | 32,549 | 32,549 | ||
| INSURANCE | 76,294 | 76,294 | ||
| AUTO EXPENSE | 6,609 | 6,609 | ||
| MARKETING | 24,341 | 24,341 | ||
| SMALL TOOLS ART SUPPLIES | 38,168 | 38,168 | ||
| BANK CHARGES FEES | 841 | 841 | ||
| POSTAGE DELIVERY | 859 | 859 | ||
| WEBSITE, INTERNET COMPUTER NETWORK | 1,350 | 1,350 | ||
| EQUIPMENT RENTAL MAINTENANCE | 77,450 | 77,450 | ||
| GARBAGE REMOVAL | 6,098 | 6,098 | ||
| GAS CYLINDER RNETAL | 6,219 | 6,219 | ||
| AMORTIZATION | 75,077 | 75,077 | ||
| LICENSES FEES | 723 | 723 | ||
| ADVERTISNG | 9,680 | 9,680 | ||
| FILING FEES | 1,472 | 1,472 | ||
| operating exp | 1,485 | 1,485 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EXHIBITION INCOME | 426,585 | ||
| ARTISTIC SERVICE REVENUE | 456,165 | ||
| PUBLIC ENGAGEMENT | 33,165 | ||
| OTHER INCOME | 2,078 | ||
| INVESTMENT IN SUBSIDIARY | 25,702 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | -1,910 | |
| SALES TAX PAYABLE | 2,379 | 2,378 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| JFO,LLC | 37,596 | 37,596 | ||
| JC MAINTENANCE SOLUTIONS | 23,388 | 23,388 | ||
| PAYDAY PAYROLL | 2,562 | 2,562 | ||
| INTEGRIS | 61,344 | 61,344 | ||
| HUMPHREYS PEST CONTROL | 465 | 465 | ||
| S-RM INTELLIGENCE | 1,250 | 1,250 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| BOOKS | 6,381 | 17,884 | -11,503 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 24,833 | 24,833 |