| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BASS & LEMER LLP | 40,883 | 2,100 | 0 | 38,783 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2002-07-01 | 949,053 | 177,816 | SL | 40.000000000000 | 23,726 | 0 | 23,726 | |
| LAND | 2002-07-01 | 100,600 | L | 0 | 0 | 0 | |||
| BUILDING IMPROVEMENTS | 2007-07-01 | 2,189,449 | 164,209 | SL | 40.000000000000 | 54,736 | 0 | 54,736 | |
| BUILDING IMPROVEMENTS | 2009-07-01 | 8,853 | 111 | SL | 40.000000000000 | 221 | 0 | 221 | |
| BUILDING IMPROVEMENTS | 2010-07-01 | 214,880 | SL | 40.000000000000 | 2,686 | 0 | 2,686 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| EXPLANATION TO LINE 11 PART I - OTHER INCOME: | CHARITABLE/SECTION 501(C)(3) ORGANIZATIONS PAY A NOMINAL RENT TO THE FOUNDATION AND THEY ARE USERS OF THE FOUNDATION'S COMMUNITY CENTER. THE ACTIVITIES OF THOSE ORGANIZATIONS FURTHER THE FOUNDATION'S CHARITABLE PURPOSE. AS A RESULT, ALL OF THE RENTAL INCOME IS CONSIDERED EXEMPT FUNCTION INCOME. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS HELD AT JPMORGAN | 973,745 | 973,745 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCKS HELD AT WELLINGTON SHIELDS | 27,812,271 | 27,812,271 |
| CORPORATE STOCKS HELD AT JPMORGAN | 284,771 | 284,771 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CORPORATE NOTES | FMV | 0 | 0 |
| INVESTMENT IN ROYALTY CONTRACT | AT COST | 725,000 | 725,000 |
| MUTUAL FUNDS HELD AT JPMORGAN | FMV | 3,083,850 | 3,083,850 |
| STRUCTURED INVESTMENTS HELD AT JPMORGAN | FMV | 1,562,199 | 1,562,199 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS | 3,362,235 | 423,505 | 2,938,730 | 0 |
| LAND | 100,600 | 0 | 100,600 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PATTERSON BELKNAP WEBB & TYLER | 2,937 | 0 | 0 | 2,937 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 31,739 | 850 | 0 | 30,889 |
| OFFICE & ADMINISTRATIVE EXPENSES | 11,532 | 800 | 0 | 10,732 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LISTERINE ROYALTY REVENUE | 108,670 | 108,670 | |
| JPMORGAN NON-DIVIDEND DISTRIBUTIONS | 2,408 | 0 | |
| WELLINGTON SHIELDS NON-DIVIDEND DISTRIBUTIONS | 6,360 | 0 | |
| RENTAL INCOME-SEE STATEMENT 15/16 | 22,820 | 22,820 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS ON INVESTMENTS | 3,284,183 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WELLINGTON SHIELDS-INVESTMENT ADVISORY FEES | 67,369 | 67,369 | 0 | 0 |
| JP MORGAN-INVESTMENT ADVISORY FEES | 20,224 | 20,224 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 78,493 | 0 | 0 | 78,493 |
| FEDERAL EXCISE TAX | 9,175 | 0 | 0 | 0 |
| FOREIGN TAXES ON INVESTMENTS | 1,986 | 1,986 | 0 | 0 |