| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,950 | 1,950 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| IBM STOCK | 0 | 32,320 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTS & ARTIFACTS | 1,022,520 | 1,015,592 | 1,015,592 |
| ORGANIZATIONAL COSTS | 110,010 | 110,010 | 110,010 |
| MINERAL INTEREST | 0 | 0 | 222,100 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE | 837 | 0 | 0 | |
| SHIPPING/MOVING EXPENSE | 8,821 | 0 | 0 | |
| REPAIRS & MAINTENANCE | 2,831 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 47,637 | 47,637 | 47,637 |
| Description | Amount |
|---|---|
| ROUNDING | 1 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO C.L. ROWAN CHARITABLE | 97,650 | 97,650 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE | 8 | 0 | 0 | |
| ADVALOREM | 3,556 | 3,556 | 0 |