| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,330 | 0 | 5,330 | |
| PROFESSIONAL FEES | 7,148 | 0 | 7,148 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MARKETABLE SECURITIES | 579,598 | 1,379,561 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ARLINGTON DIVERSIFIED FUND, LLC | FMV | 1,549,482 | 1,923,385 |
| ARLINGTON GLOBAL VALUE FUND, LP | FMV | 4,732,955 | 6,410,424 |
| 2673 CHERRY AVE (PARCEL 4) | FMV | 37,500 | 0 |
| 2673 CHERRY AVE (PARCEL 3) | FMV | 37,500 | 165,000 |
| 3050 WILKINSON RD (PARCEL 1) | FMV | 2,000 | 4,000 |
| 3050 WILKINSON RD (PARCEL 2) | FMV | 70,000 | 183,000 |
| 121 ACRES IN COLUMBIANA, AL | FMV | 242,000 | 290,000 |
| SAUNDERS BRIDGE (LOTS 35 & 36) | FMV | 440,000 | 700,002 |
| ARLINGTON PRIVATE EQUITY FUND II | FMV | 258,172 | 457,178 |
| .12 ACRES SHELBY COUNTY | FMV | 340 | 340 |
| FORT WALTON BUILDING (23 MIRACLE STRIP PKWY) | FMV | 1,400,000 | 450,000 |
| LOT 1-A SAUNDERS BRIDGE PROPERTY | FMV | 686,667 | 350,001 |
| LOT 7 SAUNDERS BRIDGE PROPERTY | FMV | 686,667 | 350,001 |
| 40.17 ACRES W/ TP 40 | FMV | 184,754 | 89,000 |
| MILO'S HOLDINGS, LLC | FMV | 605,242 | 3,384,812 |
| HIGH HAMPTON HOLDINGS, LLC | FMV | 780,226 | 817,614 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LANDING FURNITURE INC. PROMISSORY NOTE | 33,350 | 33,350 | 33,350 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH ENTITIES | 6,095 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PASSTHROUGH DEDUCTIONS | 139,204 | 139,204 | 0 | |
| DUES | 18,214 | 18,214 | 0 | |
| UTILITIES | 224 | 224 | 0 | |
| REPAIRS & MAINTENANCE | 2,800 | 2,800 | 0 | |
| INVESTMENT SERVICE FEES | 193 | 193 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| UBIT FROM PASSTHROUGH ENTITIES | 386,136 | 386,136 | |
| INCOME/LOSS FROM PASSTHROUGHS | 250,813 | 250,813 | 250,813 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FIDUCIARY FEES | 21,008 | 21,008 | 0 | |
| INVESTMENT MGMT FEE | 121,391 | 121,391 | 0 |
| Name | Address |
|---|---|
|
ESTATE OF WILLIAM EARL RICHARDS |
2000 MORRIS AVE SUITE 1300 BIRMINGHAM,AL35203 |
|
EARL RICHARDS REVOCABLE TRUST |
2000 MORRIS AVE SUITE 1300 BIRMINGHAM,AL35203 |
|
ASSOCIATION OF RELATED CHURCHES (ARC) |
1122 EDENTON STREET BIRMINGHAM,AL35242 |
| KENNETH H POLK |
2000 MORRIS AVE SUITE 1300 BIRMINGHAM,AL35203 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES | 25,393 | 25,393 | 0 |