| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 69,676 | 62,708 | 6,968 | |
| AUDIT FEES | 8,000 | 7,200 | 800 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 15,928 SH ADT INC | 133,989 | 125,035 |
| 4745 SH ACADIA HEALTHCARE | 153,022 | 238,484 |
| 6376 SH ADAPTHEALTH | 104,478 | 239,483 |
| 3616 SH AEROJET | 168,620 | 191,106 |
| 1822 SH ARAMARK | 68,418 | 70,111 |
| 4635 SH BRP GROUP | 135,105 | 138,911 |
| 7414 SH BLOOMIN | 118,825 | 143,980 |
| 2130 SH BRINKS | 176,128 | 153,360 |
| 4225 SH BUILDERS FIRSTSOURCE | 95,981 | 172,422 |
| 16,957 SH CNX RESOURCES | 172,103 | 183,136 |
| 1448 SH CARDLYTICS | 86,523 | 206,731 |
| 2555 SH CIENA CORP | 97,857 | 135,032 |
| 1695 SH CLEAN HBRS | 86,375 | 128,990 |
| 7261 SH CLEARWAY ENERGY | 122,792 | 231,844 |
| 21,665 SH CLOUDERA | 270,902 | 301,360 |
| 1488 SH CORESITE REALTY | 167,874 | 186,417 |
| 13,057 SH COVANTA HLDG | 196,230 | 171,438 |
| 496 SH CRACKER BARREL | 46,629 | 65,432 |
| 1792 SH CROWN HOLDINGS | 114,428 | 179,558 |
| 2149 SH DARLING INGREDIENTS | 44,859 | 123,954 |
| 1329 SH EAGLE MATERIALS | 88,027 | 134,694 |
| 1387 SH ENCOMPASS HEALTH | 107,527 | 114,691 |
| 553 SH EQUIFAX | 58,868 | 106,641 |
| 1676 SH EURONET WORLDWIDE | 242,819 | 242,886 |
| 1102 SH EVERBRIDGE | 83,692 | 164,275 |
| 4055 SH EVERQUOTE | 180,136 | 151,454 |
| 3012 SH FLIR SYSTEMS | 155,867 | 132,016 |
| 2287 SH FMC CORP | 183,803 | 262,845 |
| 2656 SH FIRST INTERSTATE BANKSYS | 106,089 | 108,285 |
| 3442 SH FIRST MERCHANTS CORP | 124,712 | 128,765 |
| 2526 SH FIRST SOLAR | 144,055 | 249,872 |
| 21,028 SH GRAFTECH INT'L | 187,207 | 224,158 |
| 1281 SH HANOVER GROUP | 171,938 | 149,774 |
| 1831 SH HASBRO | 141,750 | 171,272 |
| 451 SH J&J SNACK FOODS | 67,073 | 70,072 |
| 4007 SH KB HOME | 82,778 | 134,315 |
| 4232 SH LOUISANA PAC | 104,476 | 157,303 |
| 4129 SH MAXAR TECH | 97,390 | 159,338 |
| 5479 SH MEDALLIA | 175,842 | 182,012 |
| 538 SH MOLINA HEALTHCARE | 74,225 | 114,422 |
| 9582 SH MOSAIC CO | 178,479 | 220,482 |
| 1440 SH NEUROCRINE BIOSCIENCES | 135,758 | 138,024 |
| 6655 SH NEWELL BRANDS | 137,160 | 141,286 |
| 1387 SH NEWMONT CORP | 54,905 | 83,067 |
| 2829 SH NEXTERA ENERGY PARTNERS | 144,004 | 189,684 |
| 10,350 SH NUANCE COMM | 138,632 | 456,332 |
| 1461 SH OMNICELL | 114,710 | 175,349 |
| 8595 SH ON SEMICONDUCTOR | 173,434 | 281,314 |
| 6858 SH PBF ENERGY | 217,428 | 48,692 |
| 1891 SH PGT PARTNERS | 77,098 | 142,298 |
| 6378 SH PPL CORP | 188,316 | 179,860 |
| 4863 SH PRA GROUP | 194,227 | 192,866 |
| 6694 SH PARSLEY ENERGY | 130,642 | 95,055 |
| 1379 SH PROOFPOINT | 170,295 | 188,109 |
| 2256 SH QUANTA SVCS | 83,592 | 162,477 |
| 1738 SH REDFIN CORP | 35,416 | 119,279 |
| 1404 SH REINSURANCE GROUP | 135,538 | 162,723 |
| 3629 SH REXNORD | 110,075 | 143,309 |
| 663 SH SAREPTA THERAPEUTICS | 74,963 | 113,035 |
| 5326 SH SKECHERS | 144,620 | 191,416 |
| 5184 SH SKYWEST | 253,964 | 208,967 |
| 4370 SH SYNOVUS FINANCIAL | 135,697 | 141,457 |
| 3710 SH SYNEOS HEALTH | 207,997 | 252,762 |
| 5939 SH TCF FINANCIAL | 204,152 | 219,862 |
| 2175 SH TABULA RASA HEALTHCARE | 124,199 | 93,177 |
| 4203 SH TAYLOR MORRISON | 83,628 | 107,807 |
| 844 SH ULTRAGENYX PHARM | 50,652 | 116,835 |
| 1146 SH VALMONT IND | 152,850 | 200,470 |
| 5557 SH VIATRIS | 163,069 | 104,138 |
| 4579 SH VOYA | 249,724 | 269,291 |
| 3925 SH WESTERN DIGITAL | 214,569 | 217,406 |
| 2917 SH ZOGENIX | 81,689 | 58,311 |
| 4081 SH ALKERMES PLC | 76,544 | 81,416 |
| 10267 SH CLARIVATE PLC | 172,845 | 305,033 |
| 3673 SH ESSENT GROUP LTD | 171,519 | 158,674 |
| 6490 SH NORWEGIAN CRUISE LINE | 214,547 | 165,041 |
| 14,522 SH CNH INDUSTRIAL | 116,513 | 186,462 |
| 1975 SH COLLIERS INT'L | 140,078 | 176,032 |
| 16,019 SH FIRST BANKCORP PR | 154,590 | 147,695 |
| 593 SH GW PHARM | 61,142 | 68,438 |
| 22,966 SH KINROSS GOLD CORP | 81,884 | 168,570 |
| 1393 SH MASONITE INTL'L | 84,653 | 136,987 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| US BANK MM | AT COST | 1,572,275 | 1,572,275 |
| 279,237 SH HARDING LOEVNER GLOBAL EQUITY | AT COST | 6,510,217 | 12,970,548 |
| 593,809 SH MFS INSTL EQUITY FUND | AT COST | 8,660,412 | 18,194,324 |
| 230,061 SH RBC EMERGING MARKETS FUND | AT COST | 3,000,000 | 3,328,988 |
| 59,136 SH VANGUARD INSTL INDEX | AT COST | 11,810,815 | 19,601,655 |
| 490,328 SH BAIRD ULTRASHORT INSTL | AT COST | 4,938,779 | 4,942,510 |
| 659,973 SH BLACKROCK STRATEGIC INCOME FUND | AT COST | 6,699,920 | 6,843,919 |
| 465,327 SH INVESCO INSTL | AT COST | 2,962,411 | 3,466,794 |
| 1,967,679 SH JENNISON INSTL GROWTH | AT COST | 21,064,714 | 23,742,103 |
| 1,195,119 SH WTC CTF CORE BOND | AT COST | 13,289,495 | 15,488,745 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES - GENERAL | 8,497 | 1,275 | 7,222 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 13,987 | 2,098 | 11,889 | |
| TELEPHONE | 6,882 | 1,032 | 5,850 | |
| OFFICE | 28,863 | 4,329 | 24,534 | |
| DUES | 13,068 | 1,960 | 11,108 | |
| MARKETING/COMMUNICATIONS | 3,212 | 482 | 2,730 | |
| IT NEW HARDWARE | 1,057 | 159 | 898 | |
| STRATEGIC PRIORITIES | 73,687 | 11,053 | 62,634 | |
| IT CONSULTING & UPGRADE | 8,342 | 1,251 | 7,091 | |
| SIEBERT SERVES | 53,445 | 0 | 53,445 | |
| LOSS ON DISPOSITION OF FIXED ASSETS | 6,135 | 920 | 5,215 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SECURITIES CLASS ACTION SETTLEMENTS | 2,720 | 2,720 | 0 |
| GRANTS RETURNED TO ORG | 8,425 | 8,425 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CUSTODIAL FEES | 14,808 | 14,808 | 0 | |
| CONSULTING FEES - INVESTMENTS | 48,948 | 48,948 | 0 | |
| MONEY MANAGER FEES | 245,076 | 245,076 | 0 | |
| CONSULTANTS - EXEMPT | 1,200 | 0 | 1,200 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 270,000 | 0 | 0 |