| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FOLIOFN INVESTMENTS | AT COST | 1,776,473 | 1,924,775 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| MICHIGAN ANNUAL REPORT | 20 | 20 | ||
| PROFESSIONAL FEES | 1,389 | 1,389 | ||
| INVESTMENT FEES | 25,245 | 25,245 | ||
| OFFICE SUPPLIES |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOAN RECEIVABLE--BRAUER CAPITAL |
50,000 |
|
LOAN RECEIVABLE--ARLIN AND JOANNE M |
200 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 971 | 971 | ||
| FEDERAL INCOME TAX | 948 | 948 |