| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX RETURN PREP | 2,250 | 0 | 2,250 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADVISORY RESEARCH ALL CAP | 380,000 | 612,774 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AR MICROCAP VALUE FUND | FMV | 0 | 0 |
| AR SMALL MID CAP VALUE FUND | FMV | 1,598,161 | 1,598,161 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 15 | 0 | 15 | |
| SAFE DEPOSIT BOX | 52 | 52 | 0 | |
| WIRE FEES | 15 | 15 | 0 | |
| BANK CHARGES | 48 | 0 | 48 |
| Description | Amount |
|---|---|
| UNREALIZED APPPRECIATION ON AR INVESTMENT PARTNERSHIPS | 246,779 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MGMT FEES - AR INVE | 23,387 | 23,387 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 250 | 0 | 0 |