| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 17,575 | 17,575 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WESTGATE INTERNATIONAL | AT COST | 97,346 | 1,127,618 |
| M/L THREE, LLC | AT COST | 4,991,701 | 7,000,993 |
| JMD PARTNERSHIP | AT COST | 689,710 | 781,900 |
| CRP EXEMPT FUND | AT COST | 60,000 | 60,000 |
| MONTCALM CAPITAL FUND | AT COST | 5,000 | 5,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,313 | 5,313 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| EXCISE TAX | 3,384 | 8,822 | 8,822 |
| DUE FROM INVESTMENT PARTNERSHIP | 148,500 | 429,500 | 429,500 |
| Description | Amount |
|---|---|
| PASSTHROUGH NONDEDUCTIBLE EXPENSES | 104,476 |
| PENALTIES | 55 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 8,171 | 8,171 | 0 | |
| MANAGEMENT FEES | 195 | 195 | 0 | |
| CUSTODIAL FEES | 1,447 | 1,447 | 0 | |
| EMPLOYEE BENEFITS | 5,321 | 5,321 | 0 | |
| OFFICE EXPENSE | 13,889 | 13,889 | 0 | |
| POSTAGE & SHIPPING | 60 | 60 | 0 | |
| INSURANCE | 238 | 238 | 0 | |
| TELEPHONE | 254 | 254 | 0 | |
| REPAIRS & MAINTENANCE | 422 | 422 | 0 | |
| BROKER FEES | 9,027 | 9,027 | 0 | |
| MISCELLANEOUS EXPENSE | 1,024 | 1,024 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PTNSHIP K-1 INCOME (LOSS) | -83,764 | -78,042 | -83,764 |
| Description | Amount |
|---|---|
| TAX EXEMPT INTEREST | 4,370 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 984 | 984 | 0 | |
| ML 3 STATE TAXES PAID | 40 | 40 | 0 | |
| JMD STATE TAXES PAID | 156 | 156 | 0 | |
| FOREIGN TAXES PAID | 1,389 | 1,389 | 0 | |
| EXCISE TAX | 4,037 | 0 | 0 | |
| PY EXCISE | 0 | 0 | 0 |