| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,000 | 7,333 | 3,667 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CORPORATE STOCKS, BONDS & OTHER INVESTMENTS - DETAILS AVAILABLE | FMV | 2,243,163 | 2,987,636 |
| INVESTMENT IN URSULA CAPITAL PARTNERS | FMV | 1,218,486 | 1,218,486 |
| INVESTMENT IN ENTERPRISE PRODUCTS PARTNERS | FMV | 1,042 | 59,670 |
| INVESTMENT IN EL PASO PIPELINE PARTNERS | FMV | 24,018 | 39,600 |
| INVESTMENT IN PLAINS ALL AMERICAN PIPELINE | FMV | 37,410 | 51,770 |
| INVESTMENT IN KINDER MORGAN | FMV | 0 | 64,528 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE PARTNERSHIP LOSS - KINDER MORGAN | 3,078 |
| NONDEDUCTIBLE PARTNERSHIP LOSS - EL PASO PIPELINE PARTNERS | 1,065 |
| NONDEDUCTIBLE PARTNERSHIP LOSS - ENTERPRISE PRODUCT PARTNERS | 644 |
| NONDEDUCTIBLE EXPENSES - ENTERPRISE PRODUCT PARTNERS | 4 |
| NONDEDUCTIBLE EXPENSES - EL PASO PIPELINE PARTNERS | 16 |
| NONDEDUCTIBLE EXPENSES - KINDER MORGAN | 8 |
| NONDEDUCTIBLE PARTNERSHIP LOSS - URSULA CAPITAL PARTNERS | 154 |
| NONDEDUCTIBLE PARTNERSHIP LOSS - PLAINS ALL AMERICAN PIPELINE | 876 |
| NONDEDUCTIBLE EXPENSES - PLAINS ALL AMERICAN PIPELINE | 8 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER INVESTMENT EXPENSES | 3,192 | 3,192 | 0 | |
| OFFICE, MANAGEMENT AND BOOKKEEPING | 2,377 | 1,585 | 792 | |
| K-1 URSULA CAPITAL PARTNERS LP | 24,988 | 24,988 | 0 | |
| K-1 KINDER MORGAN | 614 | 614 | 0 | |
| NYS FILING FEE | 250 | 0 | 250 | |
| K-1 PLAINS ALL AMERICAN PIPELINE | 217 | 217 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM K-1 URSULA CAPITAL PARTNERS | 360 | 360 | 360 |
| FROM K-1 ENTERPRISE PRODUCT PARTNERS | 7 | 7 | 7 |
| FROM K-1 KINDER MORGAN | 53 | 53 | 53 |
| FROM K-1 PLAINS ALL AMERICAN PIPELINE | -61 | -61 | -61 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON SECURITIES - URSULA CAPITAL PARTNERS | 171,316 |
| ACCRUED DIVIDENDS - URSULA CAPITAL PARTNERS | 182 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INVESTMENT IN KINDER MORGAN | 0 | 7,950 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 23,277 | 23,277 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 2,471 | 2,471 | 0 |