| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ART CENTER | 2014-07-01 | 219,101 | 52,856 | SL | 39.000000000000 | 5,054 | |||
| ART STUDIO | 2013-07-01 | 26,167 | 6,921 | SL | 39.000000000000 | 604 | |||
| WAREHOUSE | 2014-07-01 | 45,050 | 10,877 | SL | 39.000000000000 | 1,040 | |||
| STUDIO 89 - REPAIRS | 2017-07-01 | 25,467 | 12,735 | SL | 15.000000000000 | 1,698 | |||
| Studio 105 | 2015-07-01 | 7,772 | 2,403 | SL | 27.500000000000 | 255 | |||
| STUDIO 100 | 2015-07-01 | 32,450 | 10,045 | SL | 27.500000000000 | 1,062 | |||
| STUDIO 701 | 2018-07-01 | 50,854 | 10,747 | SL | 27.500000000000 | 1,664 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PROPERTY | 418,653 | 121,431 | 297,222 | |
| LAND | 38,207 | 0 | 38,207 | |
| CONSTRUCTION IN PROGRESS | 102,662 | 0 | 102,662 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UTILITIES | 39,136 | 39,136 | ||
| FOOD FOR ARTISTS | 6,618 | 6,618 | ||
| SUPPLIES | 1,474 | 1,474 | ||
| INSURANCE | 2,700 | 2,700 | ||
| MEMBERSHIPS | 130 | 130 | ||
| BANK CHARGES | 90 | 90 | ||
| OFFICE EXPENSE | 2,096 | 2,096 | ||
| PROGRAMMING | 1,332 | 1,332 |