TY 2018 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	173,982
2	Check .............
3	Interest on savings and temporary cash investments	85	85	85
4	Dividends and interest from securities...	5,222	5,222	5,222
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		107,777
b	Gross sales price for all assets on line 6a 457,279
7	Capital gain net income (from Part IV, line 2)...		107,777
8	Net short-term capital gain.........			107,777
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	287,066	113,084	113,084
	13	Compensation of officers, directors, trustees, etc.	17,015	2,552	2,552	13,015
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		25,983	3,282	3,282	3,721
c	Other professional fees (attach schedule)....		33,773			33,773
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,891	709	709
19	Depreciation (attach schedule) and depletion...		717
20	Occupancy..............	5,449	634	634	3,408
21	Travel, conferences, and meetings.......	73,824			71,386
22	Printing and publications..........	999			999
23	Other expenses (attach schedule).......		18,402	594	594	14,411
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	178,053	7,771	7,771	140,713
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	178,053	7,771	7,771	140,713
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	109,013
b	Net investment income (if negative, enter -0-)		105,313
c	Adjusted net income (if negative, enter -0-)...			105,313

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	16,518	28,585	28,585
	2	Savings and temporary cash investments.........	65,737	317,932	317,932
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	1,048	5,691	5,691
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	325,192	60,284	60,284
	14	Land, buildings, and equipment: basis 7,358
		Less: accumulated depreciation (attach schedule) 4,160	2,661	3,198	3,198
	15	Other assets (describe )		10,340	10,340
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	411,156	426,030	426,030
	17	Accounts payable and accrued expenses..........	1,590	5,153
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	1,590	5,153
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	332,866	294,689
	25	Temporarily restricted...............	71,700	121,188
	26	Permanently restricted...............	5,000	5,000
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	409,566	420,877
	31	Total liabilities and net assets/fund balances (see instructions).	411,156	426,030

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	"PUBLICLY TRADED SECURITIES"	P
b	"PUBLICLY TRADED SECURITIES"	P
c	LTCG	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	26,157	24,451	1,706
b	429,744	325,051	104,693
c	1,378		1,378
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,706
b			104,693
c			1,378
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	107,777
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	107,777

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,106
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	2,106
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,106
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	467
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,467
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	361
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax361	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
DR RICHARD PARKER	Exec Director 5.00	17,015
535 QUINCY MAIL CENTER CAMBRIDGE,MA02138
DAVID L PERI	Secy/Treasurer 0.00	0
360 S HOPE AVENUE SANTA BARBARA,CA93105
ROBIN WRIGHT	President 0.00	0
535 QUINCY MAIL CENTER CAMBRIDGE,MA02138

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE SYMI SYMPOSIUM 2018Working with the Papandreou Foundation, CFP continued to support the Symi Symposiums, https://www.symisymposium.org, where progressive ideas and policies are presented, and connections could be made that strengthen the global progressive community.Celebrating its 20th gathering in July, Symi Symposiums have long attracted progressive elected political leaders, NGO heads, academics and journalists from around the world. Meeting in Rhodes, Greece, the 20th Symposium focused on "Harnessing Globalization". As it has in the past, CFP played a crucial role in designing the program, and identifying and inviting participants, with CFP Director Parker joining Nobel Laureate Joseph Stiglitz in a lengthy dialogue on neoliberal financial policies and their political consequences.The Symi Symposium,for the third year, was followed by a Young Leaders training conference. Built around more than a dozen seminar-size groups, the Symi political stragegy veterans taught intensive s	79,757
2	BORN FROM A GROWING CONCERN ABOUT THE POLARIZATION IN AMERICAN POLITICS AND PUBLIC LIFE, AND A SENSE THAT YOUNG PEOPLE ESPECIALLY ARE INCREASINGLY ALIENATED FROM POLITICS AND PUBLIC SERVICE, A GROUP OF HARVARD GRADUATE STUDENTS TRAINED BY DIRECTOR PARKER ORGANIZED THE RESISTANCE SCHOOL IN THE SPRING OF 2017.AN ONLINE TRAINING PROGRAM IN WHAT PERICLES CALLED "THE ART OF DEMOCRACY",THE RESISTANCE SCHOOL OFFERS A BROAD ARRAY OF INTRODUCTORY COURSES DESIGNED TO TEACH THE SKILLS NECESSARY FOR ORDINARY CITIZENS TO PARTICIPATE AS A SUPPORTER, ORGANIZER, AND CANDIDATE IN THE DEMOCRATIC PROCESS.PRAISED BY THE NEW YORK TIMES, CNN & TIME MAGAZINE FOR ITS BOLD INNOVATIVE APPROACH, THE SCHOOL'S COURSES HAVE NOW BEEN TAKEN BY MORE THAN 300,000 PEOPLE, GENERATED AN EMAIL LIST OF 25,000 AND A SOCIAL MEDIA LIST TWICE THAT SIZE. (HTTPS://WWW.RESISTANCESCHOOL.COM/)	52,155
3	DEFINING THE ECONOMIC CONDITIONS OF PEACECFP continued its support for two programs it created with Economists for Peace and Security, to train young development economists how to teach the economic components of peace-building in war-torn regions. The programs emphasize the channeling of budgeting skills, cost-benefit techniques,and macro-modeling software to governments in these post-conflict societies.At the January 2018 convention of the American Economic Association in Philadelphia,Director Parker helped organize a dinner event honoring economist James Galbraitha that was attended by more than 250 people and featured two Nobel Laureate speakers. Parker also co-organized a panel at the AEA with economists Galbraith, Jodeph Stiglitz, and Branko Milanovic which drew 200 participants. (https://www.epusa.org/events/aea.htm) Since 2016 Parker has continued to meet with the joint working committee of 15 European and Latin American social democratic parties as they explored ways to coordi	3,802
4	MASS CIVIC ENGAGEMENT PRODUCTPRODUCTION OF A NON-PARTISAN DIGITAL TOOLKIT FOR 21ST CENTURY CIVIC ENGAGEMENT. THE TOOLKIT WILL ENABLE CIVIC ORGANIZATIONS AND COMMUNITY LEADERS TO BUILD VOLUNTEER ORGANIZATIONS THAT EFFECTIVELY ENGAGE THEIR MEMBERS AND COMMUNITIES.	4,999

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......
c From 2015......
d From 2016......
e From 2017......
fTotal of lines 3a through e........
4Qualifying distributions for 2018 from Part
XII, line 4: $
a Applied to 2017, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2018 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2018.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2014....
b Excess from 2015....
c Excess from 2016....
d Excess from 2017....
e Excess from 2018....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total
	23,028	17,353	16,750	23,319	80,450
b 85% of line 2a .........	19,574	14,750	14,238	19,821	68,383
c Qualifying distributions from Part XII, line 4 for each year listed .....	140,713	100,686	107,370	200,659	549,428
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	140,713	100,686	107,370	200,659	549,428
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	15,352	11,568	11,167	15,546	53,633
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	85
4 Dividends and interest from securities....			14	5,222
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............					107,777
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				5,307	107,777

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	18007218
Software Version:	2018v3.1


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Name of organization THE CAMBRIDGE FOUNDATION FOR PEACE CO PERI AND COMPANY CPAS INC

Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	SARIK TARA ENKA 2 BINA BALMUMCU ISTANBUL, BESIKTAS34349TU	$ 50,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	OPEN SOCIETY FOUNDATIONS 224 W 57TH STREET NEW YORK, NY10019	$ 30,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	ABBY ROCKEFELLER LEE HALPRIN 104 IRVING STREET CAMBRIDGE, MA02138	$ 5,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	FOUNDATION FOR CIVIC LEADERSHIP INC 30 BOW STREET CAMBRIDGE, MA02138	$ 25,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
5	NEW COMMUNITY FUND 100 BELVIDERE ST UNIT 8-G BOSTON, MA02199	$ 5,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
6	JKW FOUNDATION 10 GRACIE SQUARE NEW YORK, NY10028	$ 50,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization THE CAMBRIDGE FOUNDATION FOR PEACE CO PERI AND COMPANY CPAS INC		Employer identification number 77-0525379

Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization THE CAMBRIDGE FOUNDATION FOR PEACE CO PERI AND COMPANY CPAS INC			Employer identification number 77-0525379
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
MACBOOK PRO	2017-08-10	1,788	179	SL	20.00 %	358
APPLE COMPUTER	2017-11-19	1,169	117	SL	20.00 %	234
DELL LAPTOP	2018-02-14	740		SL	10.00 %	74
IPHONE	2018-08-04	514		SL	10.00 %	51

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ANGEL OAK MULTI STRAT INC FD	FMV	3,762	3,762
FIDELITY ADV NEW INSIGHTS FD	FMV
GLOBAL DISCOVERY FUND	FMV
HARRIS ASSOC - OAKMARK FUND	FMV	2,102	2,102
MATTHEWS - PAC TIGER FUND	FMV	2,467	2,467
NEW PERSPECTIVE FUND INC	FMV	3,978	3,978
TEMPLETON INC TR GLBL TOT RETURN	FMV	1,849	1,849
UNDISCOVERED MANAGERS BEHAVIORAL	FMV	2,074	2,074
DIREXION SHS DAILY FINL BULL 3X	FMV
DIREXION SHARES DAILY HEALTHCARE BULL 3X	FMV
DOUBLELINE TOTAL RETURN BD FD	FMV
VANGUARD MID CAP ET	FMV
TEMPLETON DRAGON FUND INC	FMV	1,530	1,530
COLUMBIA STRAT INCOME FD	FMV	1,643	1,643
FIDELITY ADV TOT BD FD	FMV	2,715	2,715
FLEXSHARES IBOXX 5 YR	FMV
LORD ABBETT FLOATING RATE	FMV
FIRST TRUST NO AMERICAN ENERGY EFT	FMV	1,351	1,351
FULLER & THALER BEHAV SM CAP EQ	FMV	2,102	2,102
SCHWAB FUNDAMENTAL INTL LG ETF	FMV	2,018	2,018
SCHWAB FUNDAMENTAL INTL SM ETF	FMV	1,843	1,843
SCHWAB FUNDAMENTAL US SM ETF	FMV	1,675	1,675
SCHWAB FUNDAMENTAL US LG ETF	FMV	4,553	4,553
DIREXION DAILY TECH BULL 3X ETPS	FMV
PROSHARES ULTRA PRO QQQ ETPS	FMV
FIRST TRT LOW DTN OPNTS ETF	FMV	2,706	2,706
DFA SORT DURATION REAL RETURN PORTFOLIO	FMV	1,914	1,914
DFA SORT TERM EXTENDED QUALITY PORTF	FMV	3,892	3,892
DFA GLOBL EQTY PORT	FMV	8,399	8,399
DFA US LG CAP VALUE PORT	FMV	4,475	4,475
T ROWE PRICE INTL LG CAP GRWTH FD	FMV	3,236	3,236

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Advertising	8,598			8,598
BANK CHARGES	1,088			990
COMPUTER & INTERNET EXP	4,704			4,704
INSURANCE - LIABILITY	1,234
INSURANCE - WORKERS COMP	188	28	28
INVESTMENT FEES	566	566	566
LICENSES & FEES	664			25
MISCELLANEOUS EXPENSE	50
OFFICE EXPENSES	1,310			94

Category	Amount	Net Investment Income	Adjusted Net Income
EXCISE TAX	467	467	467
PAYROLL TAXES	1,390	209	209
TAX ON FOREIGN DIVIDENDS	34	33	33