| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 15,476 | 15,476 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIRST REPUBLIC | 15,787,865 | 15,787,865 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SHEPHERD SELECT ASSET LTD | FMV | 6,355 | 6,355 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM RELATED PARTY | 10,000 | 10,000 | 10,000 |
| PREPAID FEDERAL TAXES | 24,649 | 24,649 |
| Description | Amount |
|---|---|
| PENALTIES | 495 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSE | 202 | 202 | 0 | |
| OUTSIDE SERVICES | 295,302 | 0 | 295,302 | |
| POSTAGE | 1,311 | 0 | 1,311 | |
| WEBSITE DEVELOPMENT | 2,870 | 0 | 2,870 | |
| DUES & PUBLICATIONS | 250 | 0 | 250 | |
| FILING FEE | 50 | 50 | 0 | |
| TELEPHONE | 165 | 0 | 165 | |
| BANK CHARGES | 43 | 43 | 0 | |
| ADVERTISING | 228 | 0 | 228 | |
| OFFICE SUPPLIES | 426 | 0 | 426 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAINS RECORDED UNDER "SFAS 124" | 649,891 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL TAXES PAYABLE | 38,655 | 18,287 |
| STATE TAXES PAYABLE | 23,759 | 12,374 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CUSTODIAL AND ADVISORY FEES | 163,400 | 163,400 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 8,209 | 8,209 | 0 | |
| PAYROLL TAXES | 2,580 | 0 | 2,580 |