| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 16,370 | 8,185 | 8,185 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SPDR TRUST UNIT SR 1 | 1,640,777 | 1,886,250 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | FMV | 7,470,505 | 7,272,794 |
| LONG TERM INVESTMENTS | FMV | 14,907,224 | 17,063,236 |
| TITAN MASTERS INTERNATIONAL FUND | FMV | 1,250,000 | 1,318,285 |
| NORWICH VENTURES | FMV | 250,000 | 250,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 85 | 0 | 85 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID INSURANCE | 8,302 | 6,814 | 6,814 |
| OTHER PREPAID | 550 | 550 | 550 |
| PREPAID FEDERAL EXCISE TAXES | 11,341 | 0 | 0 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/(LOSS) | 53,453 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GENERAL & ADMINISTRATIVE | 122,737 | 66,265 | 56,472 | |
| TELEPHONE AND INTERNET | 1,356 | 1,356 | 0 | |
| INSURANCE | 3,919 | 3,919 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| COVERED CALL OPTIONS WRITTEN | 34,126 | 29,960 |
| ACCRUED EXPENSES | 0 | 167,500 |
| ACCRUED TAXES | 0 | 8,124 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANT SERVICES | 7,100 | 0 | 7,100 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE | 10,478 | 0 | 10,478 | |
| FEDERAL EXCISE TAXES | 14,974 | 0 | 0 | |
| REAL ESTATE TAX | 575 | 575 | 0 |