| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 3,575 | 0 | 3,575 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| MINIMUM INVESTMENT RETURN | PART X - LINE 4 | THE TOMARA CORPORATION RECEIVES SUBSTANTIALLY ALL OF ITS FUNDING FROM THE W. THOMAS KITCHEN TRUST (A PRIVATE FOUNDATION) WHICH IS ADMINISTERED BY BANK OF AMERICA. AS SUCH, THE TOMARA CORPORATION IS REQUIRED TO DISTRIBUTE ONE HUNDRED PERCENT (100%) OF THE FUNDS RECEIVED FROM THE W. THOMAS KITCHEN TRUST TO SATISFY THE REQUIREMENTS IMPOSED BY SECTION 4942(G)(3)THEREFORE, THE TOMARA CORPORATION DOES NOT HAVE MONIES TO INVEST FOR THE LONG-TERM. THE AVERAGE CASH BALANCE IS AVAILABLE UNTIL THE GRANTS ARE AWARDED AND ADMINISTRATIVE EXPENSES ARE PAID.ADMINISTRATIVE EXPENSES ARE GREATER THAN INVESTMENT INCOME.THE RETURN INCLUDES AN AVERAGE CASH BALANCE APPROXIMATE TO THE MONIES TO RECEIVE INTEREST INCOME OF $70. |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 25,000 | 0 | 25,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 698 | 0 | 698 | |
| OTHER | 66 | 0 | 66 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 4 | 0 | 0 |