NOT FOR PROFIT CONVERSION
Appraisal Economics Inc. valued a 501c(6) not-for-profit that organizes an annual series of events for the advertising industry. The company was founded a decade ago to serve as an industry trade group, and was considering converting to for-profit tax status. We were engaged to value the company, and our report was presented to the Office of the New York Attorney General to ensure the terms of the not-for-profit’s conversion to for-profit status were appropriate. We worked with the company to develop financial projections, and we valued the company using an income approach based on those financial projections. We also reviewed sales of not-for-profit and for-profit companies that were reasonably similar to the client.
Appraisal Economics Inc. has completed a valuation of a commercial rooftop photovoltaic solar installation located in Oregon. Electricity generated is sold to the local power grid via a long term power purchase agreement. The installation’s assets include photovoltaic solar modules, inverters, monitoring equipment, and mounting hardware. Appraisal Economics was engaged to estimate the cost basis that is eligible for the federal government investment tax credit and for the Section 1603 grant.
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Appraisal Economics Inc. valued a major league baseball franchise for litigation purposes, including an assessment of the impact of its new stadium. The guideline transaction method was used to determine the franchise value, while an income approach was employed to estimate the impact of the new stadium. Lack of control and lack of marketability were also factors bearing on the value of the equity interests in the franchise, which comprised voting and non-voting shares. Contingent liabilities were a significant factor impacting the total franchise equity value.
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Appraisal Economics Inc. valued a portfolio of copyrights, trademarks, and other intellectual property covering a collection of fictional characters. These characters have been the subject of comics, cartoons, graphic novels, TV shows, movies, and video games. The collection includes male and female characters ranging from superheroes and anthropomorphic animals to everyday-type people. With over 1 billion comics sold in a variety of languages over more than half a century, the characters continue to enjoy popularity around the world and across multiple generations of fans. Appraisal Economics was engaged to value the intellectual property for management planning purposes.