| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PREPARATION OF 990-PF & CT-12 | 3,150 | 0 | 0 | 3,150 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| HP Computer | 2007-06-15 | 1,620 | 1,153 | 53 | 11.52 % | 187 | |||
| Computer | 2005-03-01 | 1,715 | 1,617 | 53 | 5.76 % | 98 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| WALT DISNEY COMPANY 5.7% 7/15/2011 | 106,944 | 102,820 |
| WALGREEN CO 4.875% 8/1/2013 | 105,103 | 109,224 |
| PFIZER INC 4.45% 3/15/2012 | 104,887 | 104,346 |
| ORACLE CORP 3.75% 7/8/2014 | 105,271 | 106,288 |
| MORGAN STANLEY 5.05% 1/21/2011 | 103,998 | 100,186 |
| HEWLETT-PACKARD CO 2.25% 5/27/2011 | 101,457 | 100,865 |
| CONOCOPHILLIPS 4.75% 2/1/2014 | 103,435 | 108,626 |
| CISCO SYSTEMS INC 5.25% 2/22/2011 | 105,651 | 100,627 |
| BB&T CORPORATION 3.1% 7/28/2011 | 101,437 | 101,183 |
| GOLDMAN SACHS GROUP INC 6.6% 1/15/2012 | 129,302 | 132,182 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ELEMENTS ROGERS METAL TR | AT COST | 36,473 | 39,389 |
| ELEMENTS ROGERS AGRI TOT RET | AT COST | 36,844 | 41,808 |
| ELEMENTS LINKED TO THE ROGERS INTL COMM | AT COST | 36,851 | 39,946 |
| EII INTERNATIONAL PROPERTY-I #30 | AT COST | 18,250 | 17,731 |
| IVY ASSET STRATEGY FUND CLASS I #473 | AT COST | 73,000 | 75,421 |
| EATON VANCE GLOBAL MACRO ABSOLUTE RETURN | AT COST | 73,000 | 72,506 |
| DIAMOND-HILL LONG-SHORT FUND CLASS I #11 | AT COST | 54,000 | 55,417 |
| TWEEDY BROWNE FD INC GLOBAL VAL FD #1 | AT COST | 54,000 | 55,731 |
| ISHARES INC MSCI PACIFIC EX-JAPAN INDEX | AT COST | 72,939 | 73,853 |
| OAKMARK FUNDS - INTERNATIONAL SMALL CAP | AT COST | 18,000 | 18,949 |
| OAKMARK FUNDS - INTERNATIONAL | AT COST | 54,000 | 55,311 |
| ISHARES TR COHEN & STEERS REALTY | AT COST | 21,895 | 38,249 |
| MERGER FD SH BEN INT | AT COST | 70,742 | 72,830 |
| ISHARES S&P LATIN AMERICA 40 | AT COST | 19,414 | 22,352 |
| ISHARES MSCI BRIC INDEX FUND | AT COST | 40,954 | 51,194 |
| ISHARES TR MSCI EMERGING MARKETS INDEX F | AT COST | 55,640 | 94,188 |
| ISHARES RUSSELL MICROCAP INDEX FUND | AT COST | 12,361 | 21,247 |
| POWERSHARES DYN WATER RESOURCES | AT COST | 16,658 | 24,041 |
| POWERSHARES WILDER HILL CLEAN ENERGY POR | AT COST | 13,626 | 17,892 |
| ISHARES S & P SMALL CAP 600 VALUE | AT COST | 21,376 | 32,998 |
| ISHARES S & P MIDCAP 400 GROWTH | AT COST | 25,584 | 49,957 |
| GATEWAY FUND Y | AT COST | 63,236 | 75,042 |
| ISHARES S & P SMALLCAP 600 GROWTH | AT COST | 30,454 | 50,160 |
| ISHARES S & P MIDCAP 400 VALUE | AT COST | 19,619 | 32,261 |
| HUSSMAN STRATEGIC GROWTH FUND #601 | AT COST | 219,156 | 171,401 |
| ISHARES S&P 500 GROWTH INDX | AT COST | 76,059 | 122,175 |
| ISHARES RUSSELL 1000 VALUE | AT COST | 67,184 | 97,629 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 3,335 | 3,055 | 280 | 280 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE CONFERENCE RE. GRANT | 90 | 0 | 0 | 90 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Supplies | 483 | 483 | ||
| Postage | 73 | 73 | ||
| Membership Fees | 3,400 | 3,400 | ||
| Insurance | 1,899 | 1,899 | ||
| Computer Expenses | 2,430 | 2,430 | ||
| Bank Charges | 28 | 28 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Refund of est tax pmt | 556 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Payroll taxes payable | 1,891 | 1,895 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PORTFOLIO FEES PER K-1'S | 1,029 | 1,029 | 0 | 0 |
| INVESTMENT MANAGEMENT FEES | 30,358 | 30,358 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OR. DEPT. OF JUSTICE CT-12 FEES | 275 | 275 | ||
| FOREIGN TAXES PAID ON DIVIDENDS | 658 | 658 | ||
| EXCISE TAX ON INVESTMENT INCOME | 263 |