| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,273 | 1,637 | 1,636 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| DISCLOSURE | FORM 990-PF, PART V, LINE 1, COLUMN (C). | THE 2012 NET VALUE OF NONCHARITABLE-USE ASSETS REPORTED ON PART V WAS CHANGED FROM $13,612, AS REPORTED ON THE 2012 FORM 990-PF, TO $334,053. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SCHOLASTIC CORP 4/15/2013 5% | 0 | 0 |
| WINDSTREAM 8/1/2013 8.125% | 5,138 | 5,313 |
| BOSTON SCIENTIFIC 6/15/2014 5.45% | 0 | 0 |
| DELUXE CORP 10/01/2014 5.125% | 8,835 | 10,275 |
| BLOCK (H&R) 10/30/2014 5.125% | 4,654 | 5,174 |
| DISH NETWORK 05/31/2015 7.75% | 5,068 | 5,419 |
| GIBRALTAR INDUSTRIES 12/01/2015 8.00% | 0 | 0 |
| TELEFONICA 06/20/2016 6.421% | 4,835 | 5,580 |
| CAPITAL ONE 9/1/2016 6.15% | 3,445 | 5,570 |
| STONE ENERGY 02/01/2017 8.625% | 0 | 0 |
| CONSOL ENERGY 04/01/2017 8.00% | 5,183 | 5,275 |
| PETROQUEST ENERGY 09/01/2017 10.00% | 0 | 0 |
| NETFLIX 11/15/2017 8.50% | 0 | 0 |
| MARTIN MIDSTREAM 04/01/2018 8.875% | 3,152 | 3,165 |
| PRESTIGE BRANDS 04/01/2018 8.25% | 0 | 0 |
| PVR PARTNERS 04/15/2018 8.25% | 5,240 | 5,300 |
| TRANSOCEAN 04/15/2018 7.375% | 4,956 | 5,816 |
| RR DONNELLEY 05/15/2018 7.25% | 5,017 | 5,644 |
| VULCAN MATERIALS 06/15/2018 7.00% | 4,989 | 5,688 |
| TRIUMPH GROUP 07/15/2018 8.625% | 5,359 | 5,400 |
| BHP BILLITON 08/15/2018 7.25% | 5,043 | 5,381 |
| JONES GROUP 03/15/2019 | 4,915 | 5,313 |
| EARTHLINK 05/15/2019 8.875% | 0 | 0 |
| VANGUARD NATURAL RESOURCES 04/01/2020 7.875% | 5,117 | 5,250 |
| INGLES MARKETS 05/15/2017 8.875% | 0 | 0 |
| COMSTOCK RESOURCES | 0 | 0 |
| ANGLOGOLD ASHANTI 04/15/2020 5.375% | 4,248 | 4,655 |
| FERRELLGAS PARTNERS 06/15/2020 8.625% | 5,148 | 5,269 |
| HALCON RESOURCES 07/15/2020 9.75% | 5,225 | 5,213 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HOLLYFRONTIER | 7,371 | 8,447 |
| MARATHON PETROLEUM | 3,609 | 5,962 |
| PHILLIPS 66 | 3,722 | 6,170 |
| REPUBLIC SERVICES | 0 | 0 |
| VALERO ENERGY | 3,368 | 5,796 |
| CANADIAN OIL SANDS | 7,997 | 11,756 |
| EXXON MOBIL | 8,021 | 11,638 |
| STATOILHYDRO ASA | 0 | 0 |
| TOTAL S A ADR | 0 | 0 |
| RIO TINTO PIC ADR | 2,008 | 5,869 |
| BLACKROCK | 1,909 | 3,165 |
| METLIFE | 7,361 | 11,593 |
| VISA A | 0 | 0 |
| SINGAPORE I SHARES | 3,212 | 3,753 |
| LINEAR TECHNOLOGY | 0 | 0 |
| BECTON DICKINSON | 0 | 0 |
| TECHNE | 5,116 | 5,207 |
| KROGER | 0 | 0 |
| BERKSHIRE HATHAWAY B | 6,251 | 11,856 |
| BARRICK GOLD | 0 | 0 |
| CENTRAL FUND OF CANADA | 0 | 0 |
| FRANCO NEVADA | 6,979 | 7,741 |
| GOLD JR MINERS - MV | 0 | 0 |
| ROYAL GOLD | 10,356 | 7,832 |
| BANK OF NY MELLON | 3,830 | 4,193 |
| GOLDMAN SACHS | 3,457 | 4,432 |
| HARTFORD FINANCIAL SERVICES | 3,646 | 5,435 |
| JPMORGAN CHASE | 3,810 | 4,094 |
| PNC FINL SERVICES | 3,760 | 3,879 |
| PRUDENTIAL FINANCIAL | 7,633 | 9,683 |
| WELLS FARGO | 3,731 | 4,767 |
| AT&T | 7,508 | 7,559 |
| CENTURYLINK | 3,836 | 3,822 |
| KINDER MORGAN | 3,530 | 3,240 |
| DEVON ENERGY | 3,968 | 4,022 |
| OCCIDENTAL PETROLEUM | 3,773 | 4,280 |
| RANGE RESOURCES | 3,839 | 4,216 |
| ROYAL DUTCH SHELL | 3,978 | 4,131 |
| ENSCO PLC | 3,906 | 4,003 |
| NATIONAL OILWELL VARCO | 4,224 | 3,977 |
| SEADRILL | 3,453 | 3,903 |
| CST BRANDS | 284 | 441 |
| NORDSTROM | 3,836 | 4,017 |
| INTEL | 3,789 | 4,672 |
| LAB CORP OF AMERICA | 4,017 | 3,655 |
| CALAVO GROWERS | 3,631 | 4,085 |
| CSX CORP | 3,713 | 4,028 |
| GENERAL ELECTRIC | 3,710 | 4,345 |
| BUNGE | 4,088 | 4,927 |
| POTASH | 3,746 | 3,955 |
| NUCOR | 3,848 | 4,004 |
| JAPAN I SHARES | 3,637 | 4,431 |
| EUROPE I SHARES | 7,561 | 7,829 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DORCHESTER MINERALS, LP | AT COST | 2,193 | 5,196 |
| ACCRUED INTEREST | AT COST | 0 | 1,629 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | 2,638 | 2,638 | 0 | |
| ROYALTY TAX AND ADMINISTRATION | 59 | 59 | 0 | |
| POSTAGE | 7 | 0 | 7 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| DORCHESTER MINERALS, LP | 411 | 411 | 411 |
| CASH IN LIEU | 450 | 450 | 450 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE FEES | 25 | 0 | 25 | |
| FOREIGN TAX PAID | 327 | 327 | 0 | |
| FEDERAL TAXES | 105 | 0 | 0 |