| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 15,708 | 7,854 | 7,854 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 960 OLD MILL ROAD - LAND | 1972-07-20 | 123,000 | NC | 40.000000000000 | 0 | 0 | |||
| 960 OLD MILL ROAD - BUILDING | 2003-10-15 | 469,956 | 49,036 | SL | 39.000000000000 | 6,458 | 0 | ||
| BUILDING IMPROVEMENTS - OLD MILL ROAD | 2003-10-15 | 243,517 | 209,536 | SL | 15.000000000000 | 16,234 | 0 | ||
| DEHUMIDIFICATION SYSTEM | 2005-03-03 | 2,290 | 2,290 | 200DB | 7.000000000000 | 0 | 0 | ||
| BUILDING IMPROVEMENTS - OLD MILL CONFERENCE ROOM | 2008-04-17 | 15,794 | 2,312 | SL | 39.000000000000 | 405 | 0 | ||
| TELEPHONE BY FAX | 2000-06-29 | 282 | 282 | SL | 7.000000000000 | 0 | 0 | ||
| SPRINT PHONES | 2000-02-13 | 3,040 | 3,040 | SL | 7.000000000000 | 0 | 0 | ||
| MOVEABLE PANELS | 2000-01-15 | 49,040 | 49,040 | SL | 7.000000000000 | 0 | 0 | ||
| OFFICE FURNITURE | 2000-05-15 | 39,690 | 39,690 | SL | 7.000000000000 | 0 | 0 | ||
| LATERAL FILES, STORAGE CABINETS & TABLE | 2000-05-30 | 2,560 | 2,560 | SL | 7.000000000000 | 0 | 0 | ||
| 7 FOUR-DRAWER FILE CABINETS WITH LOCKS | 2000-01-27 | 280 | 280 | SL | 7.000000000000 | 0 | 0 | ||
| 7 FOUR-DRAWER FILE CABINETS | 2000-01-27 | 280 | 280 | SL | 7.000000000000 | 0 | 0 | ||
| MAP FILE CABINET | 2000-01-27 | 50 | 50 | SL | 7.000000000000 | 0 | 0 | ||
| FOUR-DRAWER FIREPROOF FILE CABINET WITH LOCK | 2000-01-27 | 160 | 160 | SL | 7.000000000000 | 0 | 0 | ||
| DOUBLE WOODEN LATERAL FILE CABINET WITH LOCKS | 2000-01-27 | 100 | 100 | SL | 7.000000000000 | 0 | 0 | ||
| WOODEN LATERAL FILE CABINET WITH LOCK | 2000-01-27 | 50 | 50 | SL | 7.000000000000 | 0 | 0 | ||
| SINGLE PEDESTAL WOODEN DESK | 2000-01-27 | 200 | 200 | SL | 7.000000000000 | 0 | 0 | ||
| HIGH-BACK EXECUTIVE SWIVEL CHAIR | 2000-01-27 | 150 | 150 | SL | 7.000000000000 | 0 | 0 | ||
| 3 EXECUTIVE ARM CHAIRS | 2000-01-27 | 150 | 150 | SL | 7.000000000000 | 0 | 0 | ||
| TWO-PIECE SECTIONAL SOFA | 2000-01-27 | 160 | 160 | SL | 7.000000000000 | 0 | 0 | ||
| CREDENZA | 2000-01-27 | 100 | 100 | SL | 7.000000000000 | 0 | 0 | ||
| SINGLE WOODEN PEDESTAL RETURN | 2000-01-27 | 100 | 100 | SL | 7.000000000000 | 0 | 0 | ||
| OLD MILL - TABLE | 2002-02-22 | 119 | 119 | SL | 7.000000000000 | 0 | 0 | ||
| OLD MILL - DESK | 2003-11-24 | 2,074 | 2,074 | SL | 7.000000000000 | 0 | 0 | ||
| OLD MILL - SIGN | 2004-09-08 | 2,305 | 2,305 | SL | 7.000000000000 | 0 | 0 | ||
| OFFICE FURNITURE | 2004-02-27 | 2,587 | 2,587 | SL | 7.000000000000 | 0 | 0 | ||
| STORAGE SHED | 2004-06-08 | 1,140 | 1,140 | SL | 7.000000000000 | 0 | 0 | ||
| MIX BLOWER | 2005-08-09 | 506 | 506 | 200DB | 7.000000000000 | 0 | 0 | ||
| GENERATOR | 2006-12-15 | 6,195 | 6,195 | 200DB | 7.000000000000 | 0 | 0 | ||
| BOARD ROOM TABLE | 2008-06-06 | 7,829 | 3,348 | 200DB | 7.000000000000 | 377 | 0 | ||
| OFFICE FURNITURE | 2010-05-10 | 821 | 287 | 200DB | 7.000000000000 | 36 | 0 | ||
| WORLD LAWN MOWER | 2012-05-03 | 2,319 | 449 | 200DB | 7.000000000000 | 203 | 0 | ||
| WORKSTATION RENOVATION | 2013-10-13 | 902 | 64 | 200DB | 7.000000000000 | 110 | 0 | ||
| ALARM SYSTEM | 2013-12-13 | 446 | 64 | 200DB | 7.000000000000 | 109 | 0 | ||
| NETWORK | 2003-05-14 | 11,895 | 11,895 | SL | 5.000000000000 | 0 | 0 | ||
| PHONE SYSTEM | 2003-10-31 | 8,250 | 8,250 | SL | 10.000000000000 | 0 | 0 | ||
| NEW COMPUTER | 2004-02-13 | 1,832 | 1,832 | SL | 7.000000000000 | 0 | 0 | ||
| TELEPHONE WIRING | 2004-02-27 | 700 | 700 | SL | 7.000000000000 | 0 | 0 | ||
| COMPUTER INTERNET | 2004-02-27 | 1,495 | 1,495 | SL | 7.000000000000 | 0 | 0 | ||
| NEW COMPUTER | 2006-07-31 | 3,003 | 3,003 | 200DB | 7.000000000000 | 0 | 0 | ||
| INFOCUS PROJECTOR | 2006-12-27 | 809 | 809 | 200DB | 7.000000000000 | 0 | 0 | ||
| 65W SMART | 2006-12-27 | 572 | 572 | 200DB | 7.000000000000 | 0 | 0 | ||
| EQUIPMENT | 2006-12-27 | 275 | 275 | 200DB | 7.000000000000 | 0 | 0 | ||
| COMPUTER SERVER | 2008-03-18 | 5,027 | 5,027 | 200DB | 5.000000000000 | 0 | 0 | ||
| COMPUTER SERVER HARDWARE | 2008-04-17 | 4,920 | 4,920 | 200DB | 5.000000000000 | 0 | 0 | ||
| LAPTOP & PROJECTOR | 2008-07-30 | 2,366 | 2,366 | 200DB | 5.000000000000 | 0 | 0 | ||
| 2 COMPUTERS | 2010-10-09 | 1,366 | 543 | 200DB | 5.000000000000 | 75 | 0 | ||
| COMPUTER EQUIPMENT & SOFTWARE | 2013-07-13 | 3,892 | 778 | 200DB | 5.000000000000 | 1,246 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SPDR TRUST UNIT SR 1 | 995,936 | 1,993,738 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| LONG TERM INVESTMENTS | AT COST | 21,436,720 | 25,682,335 |
| TITAN MASTERS INTERNATIONAL FUND | AT COST | 1,250,000 | 1,641,812 |
| IRONSIDES | AT COST | 997,376 | 734,886 |
| NORWICH VENTURES | AT COST | 250,000 | 332,891 |
| CIS PARTNERS II | AT COST | 90,000 | 62,982 |
| PERMAL | AT COST | 722,000 | 798,005 |
| EASTERLY PARTNERS | AT COST | 643,876 | 770,263 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 960 OLD MILL ROAD - LAND | 123,000 | 0 | 123,000 | 123,000 |
| 960 OLD MILL ROAD - BUILDING | 469,956 | 290,472 | 179,484 | 179,484 |
| BUILDING IMPROVEMENTS - OLD MILL ROAD | 243,517 | 225,770 | 17,747 | 17,747 |
| DEHUMIDIFICATION SYSTEM | 2,290 | 2,290 | 0 | 0 |
| BUILDING IMPROVEMENTS - OLD MILL CONFERENCE ROOM | 15,794 | 2,717 | 13,077 | 13,077 |
| TELEPHONE BY FAX | 282 | 282 | 0 | 0 |
| SPRINT PHONES | 3,040 | 3,040 | 0 | 0 |
| MOVEABLE PANELS | 49,040 | 49,040 | 0 | 0 |
| OFFICE FURNITURE | 39,690 | 39,690 | 0 | 0 |
| LATERAL FILES, STORAGE CABINETS & TABLE | 2,560 | 2,560 | 0 | 0 |
| 7 FOUR-DRAWER FILE CABINETS WITH LOCKS | 280 | 280 | 0 | 0 |
| 7 FOUR-DRAWER FILE CABINETS | 280 | 280 | 0 | 0 |
| MAP FILE CABINET | 50 | 50 | 0 | 0 |
| FOUR-DRAWER FIREPROOF FILE CABINET WITH LOCK | 160 | 160 | 0 | 0 |
| DOUBLE WOODEN LATERAL FILE CABINET WITH LOCKS | 100 | 100 | 0 | 0 |
| WOODEN LATERAL FILE CABINET WITH LOCK | 50 | 50 | 0 | 0 |
| SINGLE PEDESTAL WOODEN DESK | 200 | 200 | 0 | 0 |
| HIGH-BACK EXECUTIVE SWIVEL CHAIR | 150 | 150 | 0 | 0 |
| 3 EXECUTIVE ARM CHAIRS | 150 | 150 | 0 | 0 |
| TWO-PIECE SECTIONAL SOFA | 160 | 160 | 0 | 0 |
| CREDENZA | 100 | 100 | 0 | 0 |
| SINGLE WOODEN PEDESTAL RETURN | 100 | 100 | 0 | 0 |
| OLD MILL - TABLE | 119 | 119 | 0 | 0 |
| OLD MILL - DESK | 2,074 | 2,074 | 0 | 0 |
| OLD MILL - SIGN | 2,305 | 2,305 | 0 | 0 |
| OFFICE FURNITURE | 2,587 | 2,587 | 0 | 0 |
| STORAGE SHED | 1,140 | 1,140 | 0 | 0 |
| MIX BLOWER | 506 | 506 | 0 | 0 |
| GENERATOR | 6,195 | 6,195 | 0 | 0 |
| BOARD ROOM TABLE | 7,829 | 7,640 | 189 | 189 |
| OFFICE FURNITURE | 821 | 734 | 87 | 87 |
| WORLD LAWN MOWER | 2,319 | 1,812 | 507 | 507 |
| WORKSTATION RENOVATION | 902 | 625 | 277 | 277 |
| ALARM SYSTEM | 446 | 173 | 273 | 273 |
| NETWORK | 11,895 | 11,895 | 0 | 0 |
| PHONE SYSTEM | 8,250 | 8,250 | 0 | 0 |
| NEW COMPUTER | 1,832 | 1,832 | 0 | 0 |
| TELEPHONE WIRING | 700 | 700 | 0 | 0 |
| COMPUTER INTERNET | 1,495 | 1,495 | 0 | 0 |
| NEW COMPUTER | 3,003 | 3,003 | 0 | 0 |
| INFOCUS PROJECTOR | 809 | 809 | 0 | 0 |
| 65W SMART | 572 | 572 | 0 | 0 |
| EQUIPMENT | 275 | 275 | 0 | 0 |
| COMPUTER SERVER | 5,027 | 5,027 | 0 | 0 |
| COMPUTER SERVER HARDWARE | 4,920 | 4,920 | 0 | 0 |
| LAPTOP & PROJECTOR | 2,366 | 2,366 | 0 | 0 |
| 2 COMPUTERS | 1,366 | 1,301 | 65 | 65 |
| COMPUTER EQUIPMENT & SOFTWARE | 3,892 | 2,024 | 1,868 | 1,868 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,225 | 0 | 2,225 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PAINTINGS COLLECTION | 0 | 9,000 | 9,000 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | 10,319 | 0 | 10,319 | |
| CONTINUING EDUCATION | 35 | 0 | 35 | |
| DUES & SUBSCRIPTIONS | 4,079 | 816 | 3,263 | |
| TELEPHONE AND INTERNET | 8,265 | 0 | 8,265 | |
| INSURANCE | 2,929 | 0 | 2,929 | |
| OFFICE EXPENSES | 28,691 | 859 | 27,832 | |
| TELEPHONE AND INTERNET | 2,159 | 0 | 0 | |
| INSURANCE | 5,686 | 0 | 0 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| COVERED CALL OPTIONS WRITTEN | 27,468 | 37,592 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 58,898 | 46,538 | 12,360 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 1,997 | 0 | 0 | |
| REAL ESTATE TAXES | 11,469 | 0 | 11,469 | |
| PAYROLL TAXES | 14,017 | 1,449 | 12,568 | |
| REAL ESTATE TAXES | 629 | 0 | 0 | |
| PAYROLL TAXES | 769 | 0 | 0 |