| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 27,970 | 9,230 | 18,740 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 4,281,004 | 4,193,173 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCK | 3,114,832 | 4,076,509 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MORTGAGE BACKED SECURITIES | AT COST | 0 | 0 |
| MUTUAL FUNDS | AT COST | 12,517,276 | 14,007,945 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 13,630 | 0 | 13,630 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 0 | 2,084 | 2,084 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 9,915 | 0 | 9,915 | |
| BUSINESS INSURANCE | 7,546 | 1,887 | 5,659 | |
| STATE FILING FEES | 750 | 0 | 0 | |
| OFFICE EXPENSES | 48,050 | 12,013 | 36,037 |
| Description | Amount |
|---|---|
| CUMULATIVE EFFECT OF PRIOR PERIOD ACCRUAL TO CASH DIFFERENCES | 12,326 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER PAYABLES | 0 | 22,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MGMT FEES | 89,432 | 89,432 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 7,985 | 0 | 7,985 | |
| FEDERAL EXCISE (INCOME) TAX | 22,892 | 0 | 0 | |
| FOREIGN TAXES | 1,235 | 1,235 | 0 |