| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,085 | 5,085 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WESTGATE INTERNATIONAL | AT COST | 147,723 | 1,425,159 |
| M/L THREE, LLC | AT COST | 5,652,159 | 6,391,288 |
| JMD PARTNERSHIP | AT COST | 818,324 | 788,665 |
| CRP EXEMPT FUND | AT COST | 60,000 | 71,000 |
| HIGHFIELDS CAPITAL | AT COST | 0 | 86,388 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,014 | 2,014 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| EXCISE TAX | 0 | 1,959 | 1,959 |
| Description | Amount |
|---|---|
| PASSTHROUGH NONDEDUCTIBLE EXPENSES | 87,517 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 12,604 | 12,604 | 0 | |
| MANAGEMENT FEES | 165 | 165 | 0 | |
| CUSTODIAL FEES | 820 | 820 | 0 | |
| EMPLOYEE BENEFITS | 3,754 | 3,754 | 0 | |
| OFFICE EXPENSE | 11,670 | 11,670 | 0 | |
| POSTAGE & SHIPPING | 72 | 72 | 0 | |
| INSURANCE | 165 | 165 | 0 | |
| TELEPHONE | 178 | 178 | 0 | |
| REPAIRS & MAINTENANCE | 244 | 244 | 0 | |
| BROKER FEES | 7,324 | 7,324 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PTNSHIP K-1 INCOME (LOSS) | -60,169 | -52,188 | -60,169 |
| OTHER K-1 INCOME | -2,433 | -2,433 | -2,433 |
| Description | Amount |
|---|---|
| TAX EXEMPT INTEREST | 317 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO INVESTMENT PARTNERSHIP | 388,000 | 76,000 |
| EXCISE TAX PAYABLE | 1,144 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 654 | 654 | 0 | |
| TAXES & LICENSE | 3 | 3 | 0 | |
| ML 3 STATE TAXES PAID | 8 | 8 | 0 | |
| JMD STATE TAXES PAID | 256 | 256 | 0 | |
| FOREIGN TAXES PAID | 1,686 | 1,686 | 0 | |
| EXCISE TAX | 97 | 0 | 0 |