| Identifier | Return Reference | Explanation |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN EXPRESS 4.875 7/15/13 025816AQ2 5000000.00% | 51,183 | 53,496 |
| CISCO SYSTEMS INC - 5.250 - 02/22/2011 17275RAB8 5000000.00% | 50,384 | 50,285 |
| CITIGROUP INC SUB DEB GLOBAL 172967BP5 5000000.00% | 50,955 | 52,468 |
| GENERAL ELEC CAP CORP 4.375 DUE 11-21-2011 36962GM68 5000000.00% | 49,623 | 51,623 |
| HOME DEPOT INC SR UNS 5.250 CALLABLE 12/16/2012 437076AR3 5000000.00% | 50,108 | 54,856 |
| METLIFE INC GLBL NT - 5.500 - 06/15/2014 59156RAH1 5000000.00% | 50,695 | 54,517 |
| NATIONAL RURAL UTILS COLL TR - 4.750 - 03/01/2014 637432DC6 5000000.00% | 50,708 | 53,973 |
| PITNEY BOWES INC NT 5.00000 03/15/2015 724479AG5 5000000.00% | 50,295 | 52,540 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 140 shares of ABBOTT LABS ABT | 7,640 | 6,708 |
| 270 shares of ALTERA CORPORATION ALTR | 4,723 | 9,608 |
| 46 shares of AMAZON COM AMZN | 6,775 | 8,280 |
| 220 shares of AMERICAN EXPRESS CO AXP | 10,218 | 9,443 |
| 75 shares of APPLE INC. AAPL | 9,824 | 24,192 |
| 90 shares of BERKSHIRE HATHAWAY INC. CLASS B BRK-B | 6,941 | 7,210 |
| 125 shares of BHP BILLITON LIMITED BHP | 8,266 | 11,615 |
| 185 shares of CHEVRONTEXACO CORP CVX | 13,892 | 16,881 |
| 495 shares of CISCO SYSTEMS INC CSCO | 8,784 | 10,014 |
| 130 shares of CITRIX SYSTEMS INC CTXS | 6,207 | 8,893 |
| 75 shares of COLGATE-PALMOLIVE COMPANY CL | 6,011 | 6,028 |
| 130 shares of CONOCOPHILLIPS COP | 8,024 | 8,853 |
| 130 shares of COSTCO WHOLESALE CORP NEW COST | 8,155 | 9,387 |
| 190 shares of COVIDIEN LTD COV | 9,701 | 8,675 |
| 105 shares of CUMMINS INC CMI | 4,724 | 11,551 |
| 400 shares of DANAHER CORP DHR | 12,900 | 18,868 |
| 250 shares of DOMINION RESOURCES INC D | 10,987 | 10,680 |
| 315 shares of DU PONT DE NEMOURS DD | 12,270 | 15,712 |
| 620 shares of EMC CORP-MASS EMC | 11,974 | 14,198 |
| 280 shares of EMERSON ELECTRIC CO. EMR | 12,222 | 16,008 |
| 290 shares of EXXON MOBIL CORP XOM | 18,583 | 21,205 |
| 130 shares of FEDEX CORPORATION COMMON STOCK FDX | 11,379 | 12,091 |
| 85 shares of FRANKLIN RES INC BEN | 9,390 | 9,453 |
| 980 shares of GENERAL ELECTRIC CO GE | 22,930 | 17,924 |
| 25 shares of GOOGLE INC CL A GOOG | 9,803 | 14,849 |
| 55 shares of GRAINGER W W INC. GWW | 6,283 | 7,596 |
| 215 shares of H.J. HEINZ COMPANY HNZ | 10,082 | 10,634 |
| 125 shares of INTERNATIONAL BUSINESS MACHINES IBM | 15,907 | 18,345 |
| 495 shares of ISHARES BARCLAYS TIPS BOND FUND TIP | 52,568 | 53,222 |
| 95 shares of JOHNSON JOHNSON JNJ | 5,964 | 5,876 |
| 275 shares of JOHNSON CONTROLS INC. JCI | 7,991 | 10,505 |
| 420 shares of JP MORGAN CHASE CO JPM | 14,633 | 17,816 |
| 195 shares of JUNIPER NETWORKS JNPR | 6,787 | 7,199 |
| 240 shares of LOWES COMPANIES INC. LOW | 6,616 | 6,019 |
| 190 shares of MCKESSON CORP MCK | 11,661 | 13,372 |
| 175 shares of MEDCO HEALTH SOLUTIONS INC. MHS | 7,473 | 10,722 |
| 13304 shares of MFB NORTHERN FDS MULTI MNGR EMERGING MRKTS NMMEX | 194,807 | 305,716 |
| 4674 shares of MFB NORTHERN FDS MULTI MNGR GLOBAL REAL EST NMMGX | 50,382 | 83,096 |
| 430 shares of MICROSOFT CORPORATION MSFT | 11,498 | 12,001 |
| 180 shares of NATL OILWELL VARCO NOV | 8,294 | 12,105 |
| 180 shares of NIKE INC-CL B NKE | 12,113 | 15,376 |
| 85 shares of NOBLE ENERGY INC. NBL | 5,249 | 7,317 |
| 231 shares of NORTHERN FDS SHORT INTERMEDIATE US GOVERNMENT FD NSIUX | 2,436 | 2,382 |
| 387 shares of NORTHERN FUNDS FIXED INCOME FUND NOFIX | 4,047 | 3,916 |
| 47322 shares of NORTHERN MULTI-MANAGER INTL EQUITY FUND NMIEX | 436,117 | 470,381 |
| 8395 shares of NORTHERN MULTI-MANAGER MID CAP FUND NMMCX | 79,397 | 97,799 |
| 4778 shares of NORTHERN MULTI-MANAGER SMALL CAP FUND NMMSX | 38,777 | 49,167 |
| 22729 shares of NORTHERN MULTI-MANG HIGH YLD OPPORTUNITY NMHYX | 239,814 | 243,203 |
| 3353 shares of NORTHERN SMALL CAP GROWTH NSGRX | 48,511 | 48,880 |
| 185 shares of NOVARTIS AG ADR NVS | 10,058 | 10,906 |
| 250 shares of OMNICOM GROUP OMC | 11,503 | 11,450 |
| 565 shares of ORACLE CORP ORCL | 15,404 | 17,685 |
| 235 shares of PEPSICO INC PEP | 13,733 | 15,353 |
| 6004 shares of PIMCO COMMODITY REAL RETURN STRATEGY FUND PCRIX | 39,714 | 55,781 |
| 395 shares of PRINCIPAL FINANCIAL GROUP PFG | 11,849 | 12,861 |
| 235 shares of PROCTER GAMBLE CO PG | 14,088 | 15,118 |
| 95 shares of SALESFORCE.COM CRM | 9,130 | 12,540 |
| 125 shares of SIMON PPTY GROUP INC NEW SPG | 11,509 | 12,436 |
| 605 shares of SPECTRA ENERGY CORP-W/I SE | 15,381 | 15,119 |
| 120 shares of STARWOOD HOTELS RESORTS HOT | 7,194 | 7,294 |
| 1239 shares of STREETTRACKS GOLD SHARES GLD | 139,225 | 171,874 |
| 260 shares of SUNCOR ENERGY INC SU | 9,048 | 9,955 |
| 145 shares of TEVA PHARMECEUTICAL SP ADR TEVA | 6,179 | 7,559 |
| 230 shares of TRAVELERS COMPANIES INC THE TRV | 12,376 | 12,813 |
| 110 shares of UNITED TECHNOLOGIES CORP UTX | 5,780 | 8,659 |
| 385 shares of UNITEDHEALTH GROUP INC. UNH | 12,285 | 13,902 |
| 455 shares of US BANCORP DEL NEW USB | 14,104 | 12,271 |
| 135 shares of WAL-MART STORES INC. WMT | 7,676 | 7,281 |
| 430 shares of WALT DISNEY HOLDINGS CO. DIS | 13,497 | 16,129 |
| 515 shares of WELLS FARGO CO. WFC | 14,833 | 15,960 |
| 155 shares of WHOLE FOODS MARKET, INC. WFMI | 6,190 | 7,841 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 14,133 | 14,133 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 11,022 | 11,022 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Estimated Tax for 2010 | 300 | 0 | 0 | 0 |