| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX SERVICES | 34,800 | 0 | 34,800 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTERS & EQUIPMENT | 2013-01-01 | 17,717 | 17,717 | SL | 5.000000000000 | 0 | 0 | ||
| FURNITURE | 2014-12-18 | 3,785 | 3,785 | SL | 5.000000000000 | 0 | 0 | ||
| COMPUTER | 2014-10-19 | 5,164 | 5,164 | SL | 5.000000000000 | 0 | 0 | ||
| CARPET RESORATION | 2014-04-02 | 18,631 | 4,570 | SL | 27.500000000000 | 677 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2015-01-09 | 6,098 | 6,098 | SL | 5.000000000000 | 0 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2016-04-05 | 10,095 | 9,590 | SL | 5.000000000000 | 505 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2016-07-18 | 4,500 | 3,975 | SL | 5.000000000000 | 525 | 0 | ||
| FURNITURE | 2016-01-25 | 2,459 | 2,419 | SL | 5.000000000000 | 40 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2017-02-10 | 2,877 | 2,252 | SL | 5.000000000000 | 575 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2017-09-01 | 1,048 | 700 | SL | 5.000000000000 | 210 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-04-16 | 4,279 | 2,283 | SL | 5.000000000000 | 856 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-02-22 | 3,158 | 1,790 | SL | 5.000000000000 | 632 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-03-05 | 3,179 | 1,802 | SL | 5.000000000000 | 636 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-10-19 | 1,922 | 832 | SL | 5.000000000000 | 384 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-11-27 | 1,537 | 640 | SL | 5.000000000000 | 307 | 0 | ||
| FURNITURE | 2018-03-05 | 2,511 | 1,423 | SL | 5.000000000000 | 502 | 0 | ||
| FURNITURE | 2018-04-03 | 2,618 | 1,441 | SL | 5.000000000000 | 524 | 0 | ||
| FURNITURE | 2018-12-05 | 2,323 | 969 | SL | 5.000000000000 | 465 | 0 | ||
| COMPUTER & RELATED EQUIPMENT | 2018-11-06 | 1,610 | 698 | SL | 5.000000000000 | 322 | 0 | ||
| FURNITURE | 2018-10-16 | 14,028 | 6,080 | SL | 5.000000000000 | 2,806 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART VI-B QUESTION 1D | FORM 990-PF | IN JANUARY 2022, JOHN B. ROBINSON FILED AN ACTION AS DIRECTOR OF THE WIDGEON POINT CHARITABLE FOUNDATION ("FOUNDATION") ON BEHALF OF THE FOUNDATION AGAINST TWO OF ITS DIRECTORS (ALSO MEMBERS), BARBARA G. ROBINSON AND ROWLAND PERRY ROBINSON (THE "DEFENDANTS"), ALLEGING UNAUTHORIZED COMPENSATION AND THE IMPROPER TRANSFER BY AND/OR TO THEM OF FUNDS FOR PERSONAL EXPENSES UNRELATED TO THE FOUNDATION'S BUSINESS PURPOSES DURING THE PERIOD 2018-2021. THE DEFENDANTS DENIED THE ALLEGATIONS. ON OCTOBER 17, 2022, THE FOUNDATION ENTERED INTO A SETTLEMENT AGREEMENT PURSUANT TO WHICH BARBARA G. ROBINSON, PAID BACK THE FOUNDATION $500,000. IN ADDITION TO THIS CORRECTION, BOTH BARBARA ROBINSON AND PERRY ROBINSON RESIGNED ALL THEIR POSITIONS WITH THE FOUNDATION, INCLUDING AS MEMBERS AND DIRECTORS OF THE FOUNDATION. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF AMERICA CORP | 250,703 | 250,703 |
| FIDELITY NATL FINANCIAL | 448,790 | 448,790 |
| BLOCK FINANCIAL LLC | 456,368 | 456,368 |
| FLEXTRONICS INTL LTD | 832,330 | 832,330 |
| WYETH | 268,560 | 268,560 |
| GENERAL ELECTRIC CO | 344,629 | 344,629 |
| ONEOK PARTNERS LP | 401,223 | 401,223 |
| GENERAL MOTORS FINL CO | 536,120 | 536,120 |
| WYETH | 277,080 | 277,080 |
| AMERICAN TOWER CORP | 376,597 | 376,597 |
| LYONDELLBASELL IND NV | 271,603 | 271,603 |
| ENTERGY LOUISIANA LLC | 277,028 | 277,028 |
| CVS HEALTH CORP | 382,722 | 382,722 |
| ALLY FINANCIAL INC | 282,118 | 282,118 |
| VIACOMCBS INC | 438,672 | 438,672 |
| CITIGROUP INC | 395,822 | 395,822 |
| BANCO SANTANDER SA | 222,626 | 222,626 |
| MORGAN STANLEY | 279,860 | 279,860 |
| AMAZON.COM INC | 568,960 | 568,960 |
| GENERAL ELECTRIC CO | 338,760 | 338,760 |
| HOLLYFRONTIER CORP | 280,373 | 280,373 |
| GOLDMAN SACHS GROUP INC | 294,693 | 294,693 |
| CHARLES SCHWAB CORP | 125,313 | 125,313 |
| FLDTY NATL FNL | 412,680 | 412,680 |
| MORGAN STANLEY | 120,061 | 120,061 |
| JPMORGAN CHASE & CO | 199,998 | 199,998 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APTIV PLC | 230,930 | 230,930 |
| AT&T INC | 221,400 | 221,400 |
| CISCO SYSTEMS INC | 633,700 | 633,700 |
| ENTERPRISE PRODS PARTNERS L P | 351,360 | 351,360 |
| EXXON MOBIL CORP | 740,888 | 740,888 |
| LLLUMINA INC | 285,330 | 285,330 |
| LILLY ELI & CO | 828,660 | 828,660 |
| NORFOLK. SOUTHERN CORPORATION | 1,190,840 | 1,190,840 |
| PEPSICO INC | 877,236 | 877,236 |
| T ROWE PRICE GROUP INC | 1,966,400 | 1,966,400 |
| THE PROCTER & GAMBLE COMPANY | 997,838 | 997,838 |
| S & P GLOBAL INC. | 117,983 | 117,983 |
| THERMO FISHER SCIENTIFIC INC. | 433,706 | 433,706 |
| UNITEDHEALTH GROUP INC | 301,284 | 301,284 |
| TARGA RESOURCES CORP | 291,499 | 291,499 |
| BAR HARBOR BANKSHARES | 2,153,839 | 2,153,839 |
| URSTADT BIDDLE PROPERTIES INC | 191,600 | 191,600 |
| AT&T INC COM | 39,360 | 39,360 |
| ABBOTT LABORATORIES | 28,148 | 28,148 |
| ALPHABET INC CAP STK CL C | 115,744 | 115,744 |
| ALPHABET INC CAP STK CL A | 72,426 | 72,426 |
| ALTRIA GROUP INC | 56,868 | 56,868 |
| AMAZON.COM INC | 100,030 | 100,030 |
| APPLE INC COM | 71,028 | 71,028 |
| FACEBOOK INC-CLASS A | 100,905 | 100,905 |
| FORD MTR CO DEL COM | 83,080 | 83,080 |
| GENERAL DYNAMICS CORP COM | 83,388 | 83,388 |
| JOHNSON & JOHNSON COM | 59,875 | 59,875 |
| KIMBERLY-CLARK CORP COM | 57,168 | 57,168 |
| L3HARRIS TECHNOLOGIES INC COM | 85,296 | 85,296 |
| LOCKHEED MARTIN CORP COM | 106,623 | 106,623 |
| LOWES COMPANIES INC COM USD | 129,240 | 129,240 |
| M&T BANK CORP COM USD | 7,679 | 7,679 |
| MICROSOFT CORP | 43,722 | 43,722 |
| PEPSICO INC | 78,170 | 78,170 |
| PFIZER INC | 59,050 | 59,050 |
| ROYAL DUTCH SHELL ADR REP 2 CL A OR | 65,100 | 65,100 |
| SALES FORCE.COM | 50,826 | 50,826 |
| VERIZON COMMUNICATION INC | 109,116 | 109,116 |
| ZOOM VIDEO COMMUNICATIONS INC | 18,391 | 18,391 |
| ADVANCED MICRO DEVICES INC | 302,190 | 302,190 |
| ALIBABA GROUP HOLDING LTD SPONS ADS | 424,674 | 424,674 |
| ALPHABET INC CL A | 698,187 | 698,187 |
| AMAZON.COM INC | 1,076,990 | 1,076,990 |
| AMERICAN EXPRESS CO | 327,200 | 327,200 |
| APPLE INC | 1,118,689 | 1,118,689 |
| BANK OF AMERICA CORP | 680,697 | 680,697 |
| BLACKROCK INC | 311,290 | 311,290 |
| BLACKSTONE GROUP INC CL A | 1,035,118 | 1,035,118 |
| CANADIAN PACIFIC RAILWAY LIMITED | 233,805 | 233,805 |
| FACEBOOK INC CL A | 723,153 | 723,153 |
| JPMORGAN CHASE & CO | 570,060 | 570,060 |
| KKR & CO INC | 894,000 | 894,000 |
| MASTERCARD INC CL A | 431,184 | 431,184 |
| MICROSOFT CORP | 781,943 | 781,943 |
| NIKE INC CL B | 250,005 | 250,005 |
| NVIDIA CORP | 894,093 | 894,093 |
| PALO ALTO NETWORKS INC | 556,760 | 556,760 |
| PAYPAL HOLDINGS INC | 572,340 | 572,340 |
| SALESFORCE.COM INC | 609,912 | 609,912 |
| TENCENT HOLDINGS LTD UNSPON ADR | 244,860 | 244,860 |
| VISA INC CL A | 433,420 | 433,420 |
| AIRBNB INC CL A | 199,788 | 199,788 |
| CLOUDFLARE INC CL A | 92,050 | 92,050 |
| COINBASE GLOBAL INC CL A | 151,422 | 151,422 |
| MARVELL TECHNOLOGY INC | 568,685 | 568,685 |
| ROBLOX CORP CL A | 103,160 | 103,160 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ROYCE INSTITUTIONAL LLC | FMV | 10,639,078 | 10,639,078 |
| FIDELITY 500 INDEX FUND | FMV | 67,250 | 67,250 |
| SPDR S&PS00 ETF TRUST TRUST UNIT | FMV | 127,162 | 127,162 |
| WP CAREY INC COM | FMV | 98,460 | 98,460 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTERS & EQUIPMENT | 17,717 | 17,717 | 0 | |
| FURNITURE | 3,785 | 3,785 | 0 | |
| COMPUTER | 5,164 | 5,164 | 0 | |
| CARPET RESORATION | 18,631 | 5,247 | 13,384 | |
| COMPUTER & RELATED EQUIPMENT | 6,098 | 6,098 | 0 | |
| COMPUTER & RELATED EQUIPMENT | 10,095 | 10,095 | 0 | |
| COMPUTER & RELATED EQUIPMENT | 4,500 | 4,500 | 0 | |
| FURNITURE | 2,459 | 2,459 | 0 | |
| COMPUTER & RELATED EQUIPMENT | 2,877 | 2,827 | 50 | |
| COMPUTER & RELATED EQUIPMENT | 1,048 | 910 | 138 | |
| COMPUTER & RELATED EQUIPMENT | 4,279 | 3,139 | 1,140 | |
| COMPUTER & RELATED EQUIPMENT | 3,158 | 2,422 | 736 | |
| COMPUTER & RELATED EQUIPMENT | 3,179 | 2,438 | 741 | |
| COMPUTER & RELATED EQUIPMENT | 1,922 | 1,216 | 706 | |
| COMPUTER & RELATED EQUIPMENT | 1,537 | 947 | 590 | |
| FURNITURE | 2,511 | 1,925 | 586 | |
| FURNITURE | 2,618 | 1,965 | 653 | |
| FURNITURE | 2,323 | 1,434 | 889 | |
| COMPUTER & RELATED EQUIPMENT | 1,610 | 1,020 | 590 | |
| FURNITURE | 14,028 | 8,886 | 5,142 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 793,289 | 0 | 793,289 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS AND DEFERRED PAYMENTS | 8,064 | 8,064 | 8,064 |
| PAYROLL TAXES RECEIVABLE | 69,845 | 0 | 0 |
| Description | Amount |
|---|---|
| OTHER BOOK TO TAX ADJUSTMENT | 53,858 |
| PRIOR YEAR NET ASSETS ADJUSTMENTS | 936,238 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADP PAYROLL FEES | 902 | 0 | 902 | |
| OFFICE UTILITIES | 5,533 | 0 | 5,533 | |
| STORAGE EXPENSE | 463 | 0 | 463 | |
| DUES AND SUBSCRIPTION | 422 | 0 | 422 | |
| INSURANCE | 6,166 | 0 | 6,166 | |
| OFFICE EXPENSE | 17,385 | 0 | 17,385 | |
| TELEPHONE INTERNET & COMPUTER EXPENSE | 3,732 | 0 | 3,732 | |
| LOSSES FROM K-1 PARTNERSHIP | 219,284 | 226,245 | 0 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAINS | 4,667,527 |
| NONDIVIDEND DISTRIBUTION | 11,457 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 209,059 | 209,059 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER TAXES | 7,426 | 0 | 7,426 | |
| FOREIGN TAX PAID | 2,215 | 2,215 | 0 |