Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
HAMICO INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1110 MARKET ST STE 317B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-6040782
B Telephone number (see instructions)

(423) 531-0028
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$54,950,698J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 541,523 541,523  
4 Dividends and interest from securities... 524,099 524,099  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,371,390
b Gross sales price for all assets on line 6a 4,770,923
7 Capital gain net income (from Part IV, line 2)... 3,371,390
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 49,922 49,922  
12 Total. Add lines 1 through 11........ 4,486,934 4,486,934  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 605,000 302,500   302,500
14 Other employee salaries and wages...... 48,125 24,063   24,063
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,775 4,388   4,387
c Other professional fees (attach schedule)....        
17 Interest............... 122,554 122,554   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 65,134 46,232   18,902
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,585 79  
20 Occupancy.............. 56,208 28,104   28,104
21 Travel, conferences, and meetings....... 790 395   395
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 842,255 772,557   69,698
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,751,426 1,300,872   448,049
25 Contributions, gifts, grants paid....... 2,508,281 2,508,281
26 Total expenses and disbursements. Add lines 24 and 25 4,259,707 1,300,872   2,956,330
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 227,227
b Net investment income (if negative, enter -0-) 3,186,062
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,756,864 2,526,174 2,526,174
2 Savings and temporary cash investments......... 15,309,584 12,966,544 12,966,544
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 27,332    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 28,164,988 Click to see attachment39,437,839 39,437,839
14 Land, buildings, and equipment: basis bullet52,405
Less: accumulated depreciation (attach schedule) bullet49,494 9,090 Click to see attachment2,911 2,911
15 Other assets (describe bullet) Click to see attachment237,594 Click to see attachment17,230 Click to see attachment17,230
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,505,452 54,950,698 54,950,698
Liabilities 17 Accounts payable and accrued expenses.......... 417  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 417 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 45,505,035 54,950,698
29 Total net assets or fund balances (see instructions)..... 45,505,035 54,950,698
30 Total liabilities and net assets/fund balances (see instructions). 45,505,452 54,950,698
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
45,505,035
2
Enter amount from Part I, line 27a .....................
2
227,227
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,696,103
4
Add lines 1, 2, and 3 ..........................
4
56,428,365
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,477,667
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
54,950,698
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a BELO PASSTHROUGH - LONG TERM P    
b DOWN RANGE CAPITAL PASSTHROUGH - SHORT TERM P    
c LOGOS GLOBAL US PASSTHROUGH - LONG TERM P    
d LOGOS GLOBAL US PASSTHROUGH - SHORT TERM P    
e MHC MUTAL CONVERSION FUND PASSTHROUGH - LONG TERM P    
MHC MUTAL CONVERSION FUND PASSTHROUGH - SHORT TERM P    
MORGAN STANLEY 38863 - LONG TERM      
MORGAN STANLEY 38865 - LONG TERM      
NORTH HAVEN EXPANSION CREDIT PASSTHROUGH - LONG TERM P    
NORTH HAVEN EXPANSION CREDIT PASSTHROUGH - SHORT TERM P    
POINTER PASSTHROUGH - LONG TERM P    
RESOLUTE CAPITAL PTRS FUND III PASSTHROUGH - LONG TERM P    
TEMPLETON & PHILLIPS PASSTHROUGH - SHORT TERM      
TEMPLETON & PHILLIPS PASSTHROUGH - SHORT TERM P    
CHESTNUT REAL ESTATE FD II PASSTHROUGH P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 413     413
b 146,543     146,543
c     7,999 -7,999
d     111,970 -111,970
e 957,237     957,237
32,379     32,379
535,000   534,973 27
976,553     976,553
1,218     1,218
12,070     12,070
650,099     650,099
50,976     50,976
1,105,670     1,105,670
    725,350 -725,350
    19,241 -19,241
302,765     302,765
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       413
b       146,543
c       -7,999
d       -111,970
e       957,237
      32,379
      27
      976,553
      1,218
      12,070
      650,099
      50,976
      1,105,670
      -725,350
      -19,241
      302,765
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,371,390
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 44,286
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 44,286
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 644
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,644
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,016
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,342
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet10,342 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROBERT E BOSWORTH Telephone no.bullet (423) 531-0028

    Located atbullet1110 MARKET ST SUITE 317BCHATTANOOGATN ZIP+4bullet37402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ZAN GUERRY PRES/DIR
    40.00     		137,500 0 0
    1110 MARKET ST STE 317B
    CHATTANOOGA,TN37402
    ROBERT E BOSWORTH VICE PRES/DIR
    40.00     		137,500 0 0
    1110 MARKET ST STE 317B
    CHATTANOOGA,TN37402
    ALEXIS G BOGO EXECUTIVE DIRECTOR
    40.00     		192,500 0 0
    1110 MARKET ST STE 317B
    CHATTANOOGA,TN37402
    HERBERT BARKS DIRECTOR
    2.00     		62,500 0 0
    1110 MARKET ST STE 317B
    CHATTANOOGA,TN37402
    JOHN P GUERRY DIRECTOR
    2.00     		75,000 0 0
    1110 MARKET ST STE 317B
    CHATTANOOGA,TN37402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,378,022
    b
    Average of monthly cash balances.......................
    1b
    2,749,679
    c
    Fair market value of all other assets (see instructions)................
    1c
    38,618,911
    d
    Total (add lines 1a, b, and c).........................
    1d
    55,746,612
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    55,746,612
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    836,199
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    54,910,413
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,745,521
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    2,745,521
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    44,286
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    3,319
    c
    Add lines 2a and 2b............................
    2c
    47,605
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,697,916
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,697,916
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,697,916
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,697,916
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 326,662
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,956,330
    a Applied to 2020, but not more than line 2a 326,662
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 2,629,668
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		68,248
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A STEP AHEAD FOUNDATION
    1350 CONCOURSE AVE SUITE 451
    MEMPHIS,TN38104     		N/A PC DONATION 10,000
    ARTS BUILD
    301 E 11TH ST 300
    CHATTANOOGA,TN37403     		N/A PC DONATION 12,500
    ASSOCIATION FOR VISUAL ARTS
    30 FRAZIER AVE
    CHATTANOOGA,TN37405     		N/A PC DONATION 2,500
    BAYLOR SCHOOL
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		N/A PC DONATION 10,000
    BAYLOR SCHOOL
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		N/A PC DONATION 10,000
    BOYS & GIRLS CLUB OF CHATTANOOGA
    610 LINDSAY STREET
    CHATTANOOGA,TN37403     		N/A PC DONATION 1,500
    CHAMBLISS CENTER FOR CHILDREN
    315 GILLESPIE ROAD
    CHATTANOOGA,TN37411     		N/A PC DONATION 500
    CHAMBLISS CENTER FOR CHILDREN
    315 GILLESPIE ROAD
    CHATTANOOGA,TN37411     		N/A PC DONATION 500
    CHATTANOOGA CHAMBER FOUNDATION
    811 BROAD ST 100
    CHATTANOOGA,TN37402     		N/A PC DONATION 25,000
    CHATTANOOGA CHRISTIAN SCHOOL
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		N/A PC DONATION 200,000
    CHI MEMORIAL FOUNDATION
    2525 DESALES AVE
    CHATTANOOGA,TN37404     		N/A PC DONATION 18,500
    CHILDREN'S ADVOCACY CENTER
    5705 UPTAIN ROAD
    CHATTANOOGA,TN37411     		N/A PC DONATION 37,000
    DAISY'S TALE
    3800 ST ELMO AVENUE SUITE 306
    CHATTANOOGA,TN37409     		N/A PC DONATION 1,000
    FRIENDS OF THE FESTIVAL INC
    426 MARKET STREET
    CHATTANOOGA,TN37402     		N/A PC DONATION 2,500
    GIRLS INC
    1798 OAK RIDGE TURNPIKE
    OAK RIDGE,TN37830     		N/A PC DONATION 21,000
    JUNIOR LEAGUE OF CHATTANOOGA
    622 EAST 4TH STREET
    CHATTANOOGA,TN37404     		N/A PC DONATION 15,000
    LAUNCH
    302 WEST 6TH STREET
    CHATTANOOGA,TN37402     		N/A PC DONATION 1,000
    MAKE A WISH
    6005 CENTURY OAKS DR 500
    CHATTANOOGA,TN37416     		N/A PC DONATION 16,600
    METROPOLITAN MINISTRIES
    1112 MCCALLIE AVENUE
    CHATTANOOGA,TN37404     		N/A PC DONATION 5,000
    NORTHSIDE NEIGHBORHOOD HOUSE
    211 MINOR STREET
    CHATTANOOGA,TN37405     		N/A PC DONATION 2,500
    ON POINT
    4509 HIXSON PIKE SUITE 1
    CHATTANOOGA,TN37343     		N/A PC DONATION 2,500
    POLLY BOYD SCHOLARSHIP FUND
    PO BOX 23176
    CHATTANOOGA,TN37422     		N/A PC DONATION 5,000
    SISKIN CHILDREN'S INSTITUTE
    1101 CARTER STREET
    CHATTANOOGA,TN37402     		N/A PC DONATION 10,000
    SISKIN HOSPITAL FOR PHYS REHABILITATION
    1 SISKIN DRIVE
    CHATTANOOGA,TN37403     		N/A PC DONATION 15,000
    ST PETER'S EPISCOPAL SCHOOL
    848 ASHLAND TERRACE
    CHATTANOOGA,TN37415     		N/A PC DONATION 25,000
    THE BRIGHT SCHOOL
    1950 HIXSON PIKE
    CHATTANOOGA,TN37405     		N/A PC DONATION 10,000
    UC FOUNDATION
    605 OAK STREET
    CHATTANOOGA,TN37403     		N/A PC DONATION 2,500
    UNITED WAY OF GREATER CHATTANOOGA
    630 MARKET STREET
    CHATTANOOGA,TN37405     		N/A PC DONATION 5,200
    UNITED WAY OF GREATER CHATTANOOGA
    630 MARKET STREET
    CHATTANOOGA,TN37405     		N/A PC DONATION 1,500
    UNITED WAY OF GREATER CHATTANOOGA
    630 MARKET STREET
    CHATTANOOGA,TN37405     		N/A PC DONATION 75,000
    UNITED WAY OF GREATER CHATTANOOGA
    630 MARKET STREET
    CHATTANOOGA,TN37405     		N/A PC DONATION 100,000
    WARRIOR FREEDOM SERVICE DOGS
    PO BOX 31
    FLINSTONE,GA30725     		N/A PC DONATION 10,000
    WOMEN'S FUND OF GREATER CHATTANOOGA
    1100 MARKET STREET
    CHATTANOOGA,TN37402     		N/A PC DONATION 2,500
    BAYLOR SCHOOL
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		N/A PC DONATION 25,000
    AUSTIN HATCHER FOUNDATION
    1705 S HOLTZCLAW AVE
    CHATTANOOGA,TN37404     		N/A PC DONATION 10,000
    BLEXIT FOUNDATION
    1906 GLEN ECHO RD PO BOX 158067
    NASHVILLE,TN37215     		N/A PC DONATION 10,000
    CFC FOUNDATION
    1307 CHARTER ST
    CHATTANOOGA,TN37402     		N/A PC DONATION 10,000
    CHARLES H COOLIDGE MEDAL OF HONOR HERITAGE CENTER
    2 W AQUARIUM WAY SUITE 104
    CHATTANOOGA,TN37402     		N/A PC DONATION 1,500
    CHATTANOOGA WOMEN'S LEADERSHIP INSTITUTE
    811 BROAD ST 300
    CHATTANOOGA,TN37402     		N/A PC DONATION 10,000
    CHILDREN'S NUTRITIONAL PROGRAM OF HAITI
    1401 WILLIAMS ST UNIT 140
    CHATTANOOGA,TN37408     		N/A PC DONATION 8,500
    HAMILTON COUNTY SCHOOLS FOUNDATION
    3704 HICKORY VALLEY ROAD
    CHATTANOOGA,TN37421     		N/A PC DONATION 35,000
    MEMORIAL HEALTHCARE SYSTEM FOUNDATION
    2525 DESALES AVE
    CHATTANOOGA,TN37404     		N/A PC DONATION 250,000
    MICRO SCHOOL OPPORTUNITY FUND
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		N/A PC DONATION 84,000
    ON POINT
    4509 HIXSON PIKE SUITE 1
    CHATTANOOGA,TN37343     		N/A PC DONATION 75,000
    SIGNAL CENTERS
    N GERMANTOWN RD
    CHATTANOOGA,TN37411     		N/A PC DONATION 15,000
    THE BROCK CENTER
    817 FOX CHASE LANE
    HIXSON,TN37343     		N/A PC DONATION 10,000
    THE PURSUIT OF HAPPINESS
    4001 ROSSVILLE BLVD
    CHATTANOOGA,TN37407     		N/A PC DONATION 12,000
    THE PURSUIT OF HAPPINESS
    4001 ROSSVILLE BLVD
    CHATTANOOGA,TN37407     		N/A PC DONATION 4,050
    UC FOUNDATION
    605 OAK STREET
    CHATTANOOGA,TN37403     		N/A PC DONATION 166,667
    UCF HONORS COLLEGE SCHOLARSHIP
    720 E 4TH ST
    CHATTANOOGA,TN37403     		N/A PC DONATION 100,000
    UCF WOLFORD FAMILY ATHLETICS COMPLEX
    720 E 4TH ST
    CHATTANOOGA,TN37403     		N/A PC DONATION 166,668
    UTC ATHLETICS
    720 E 4TH ST
    CHATTANOOGA,TN37403     		N/A PC DONATION 2,700
    UTC ATHLETICS
    720 E 4TH ST
    CHATTANOOGA,TN37403     		N/A PC DONATION 396
    WALTER BOEHM CENTER
    975 E 3RD ST
    CHATTANOOGA,TN37403     		N/A PC DONATION 2,500
    WARRIOR FREEDOM SERVICE DOGS
    PO BOX 31
    FLINSTONE,GA30725     		N/A PC DONATION 52,500
    COMMUNITY FOUNDATION
    1400 WILLIAMS ST
    CHATTANOOGA,TN37408     		N/A PC DONATION 800,000
    Total .................................bullet 3a 2,508,281
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 541,523  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,371,390  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 4,437,012 49,922
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,486,934
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    7 OTHER PASSTHROUGH INCOME FROM PARTNERSHIP INVESTMENTS
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 8,775 4,388   4,387

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CONFERENCE ROOM TABLE 2012-07-06 4,290 2,145 200DB 7.000000000000 0 0    
    SWIVEL CHAIR 2012-07-06 5,424 2,712 200DB 7.000000000000 0 0    
    ARM CHAIRS - CONFERENCE ROOM 2012-07-06 5,506 2,753 200DB 7.000000000000 0 0    
    OFFICE RUG-PORTHOS SWING GRAY 2012-10-22 2,213 1,106 200DB 7.000000000000 0 0    
    RUG-BRICK ROOM SHAG 2012-10-22 2,893 1,446 200DB 7.000000000000 0 0    
    SWIVEL LUMBAR PILLOW 2012-07-06 186 93 200DB 7.000000000000 0 0    
    REFRIGERATOR 2012-10-18 786 393 200DB 5.000000000000 0 0    
    ISAAC DUNCAN III 2012-08-22 1,181 332 SL 15.000000000000 39 79    
    OFFICE LAMP & CONSOLE 2012-07-30 3,092 1,546 200DB 7.000000000000 0 0    
    COMPUTERS 2012-09-14 4,274 2,137 200DB 5.000000000000 0 0    
    4 OFFICE CHAIRS 2014-07-28 3,205 1,530 200DB 7.000000000000 72 0    
    OFFICE MIRROR/SHADE PENDANT 2014-04-07 3,535 1,688 200DB 7.000000000000 79 0    
    DESK & EQUIPMENT 2016-01-13 2,903 2,075 SL 7.000000000000 415 0    
    COMPUTER UPDATE 2016-07-19 1,986 1,754 SL 5.000000000000 232 0    
    COMPUTER UPDATES 2016-08-01 2,042 1,802 SL 5.000000000000 240 0    
    CONSOLE & CHAIR - ALEXIS 2016-11-08 4,718 2,808 SL 7.000000000000 674 0    
    AUDIOVISUAL SYSTEM 2018-04-04 4,171 2,294 SL 5.000000000000 834 0    

    TY 2021 InvestmentsOtherSchedule2
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHESTNUT REAL ESTATE FUND II FKA CHESTNUT DEVELOPMENT AT COST 83,773 83,773
    POINTER OFFSHORE LTD AT COST 14,129,182 14,129,182
    MHC MUTUAL CONVERSION FUND AT COST 5,911,508 5,911,508
    MANKER PATTEN TENNIS CLUB AT COST 39,747 39,747
    NORTH HAVEN EXPANSION CR LP AT COST 649,227 649,227
    CONTEMPORARY HEALTHCARE FUND III AT COST 969,458 969,458
    BELO INVESTMENTS AT COST 304,072 304,072
    TEMPLETON & PHILLIPS AT COST 10,430,694 10,430,694
    LIFE BACK INVESTORS II AT COST 2,000,015 2,000,015
    CHESTNUT ANCHOR HEALTHCARE AT COST 300,212 300,212
    LOGOS GLOBAL US AT COST 1,822,110 1,822,110
    RESOLUTE CAPITAL PARTNERS FUND IV AT COST 1,129,033 1,129,033
    RESOLUTE CAPITAL PARTNERS FUND III AT COST 1,454,324 1,454,324
    RESOLUTE CAPITAL PARTNERS FUND V-B AT COST 214,438 214,438
    NORTH HAVEN EXPANSION CREDIT OPPORTUNITY FUND, LP AT COST 46 46

    TY 2021 LandEtcSchedule2
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CONFERENCE ROOM TABLE 4,290 4,290 0  
    SWIVEL CHAIR 5,424 5,424 0  
    ARM CHAIRS - CONFERENCE ROOM 5,506 5,506 0  
    OFFICE RUG-PORTHOS SWING GRAY 2,213 2,213 0  
    RUG-BRICK ROOM SHAG 2,893 2,893 0  
    SWIVEL LUMBAR PILLOW 186 186 0  
    REFRIGERATOR 786 786 0  
    ISAAC DUNCAN III 1,181 962 219  
    OFFICE LAMP & CONSOLE 3,092 3,092 0  
    COMPUTERS 4,274 4,274 0  
    4 OFFICE CHAIRS 3,205 3,205 0  
    OFFICE MIRROR/SHADE PENDANT 3,535 3,535 0  
    DESK & EQUIPMENT 2,903 2,490 413  
    COMPUTER UPDATE 1,986 1,986 0  
    COMPUTER UPDATES 2,042 2,042 0  
    CONSOLE & CHAIR - ALEXIS 4,718 3,482 1,236  
    AUDIOVISUAL SYSTEM 4,171 3,128 1,043  


    TY 2021 OtherAssetsSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PAINTING 16,230 16,230 16,230
    HOLT WEBB PAINTING 1,000 1,000 1,000
    OTHER ASSETS 220,364 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description Amount
    CHANGE IN UNREALIZED APPRECIATION 1,474,334
    NONDEDUCTIBLE INVESTMENT EXPENSES 3,333


    TY 2021 OtherExpensesSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 1,806 903   903
    OFFICE 59,130 29,565   29,565
    INSURANCE 72,048 36,024   36,024
    BANK FEES 312 156   156
    PORTFOLIO EXPENSES 702,859 702,859   0
    TELEPHONE, TELECOMMUNICATIONS 6,100 3,050   3,050


    TY 2021 OtherIncomeSchedule2
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOM 49,922 49,922 49,922


    TY 2021 OtherIncreasesSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Description Amount
    NONTAXABLE INVESTMENT INCOME 61,939
    PRIOR PERIOD ADJUSTMENT - BALANCE SHEET ONLY 10,634,164


    TY 2021 TaxesSchedule
    Name:
    HAMICO INC
    EIN:
    62-6040782
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 37,804 18,902   18,902
    FOREIGN TAXES 27,330 27,330   0