| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,500 | 3,250 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EQUITY INVESTMENTS | 27,863,472 | 41,440,275 |
| SOUTHERN BANKSHARES, INC. | 730,773 | 470,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 18 | 0 | 0 |
| Description | Amount |
|---|---|
| BOOK TO MARKET DIFFERENCES | 360,673 |
| FEDERAL INCOME TAX | 25,732 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM SOUTHERN BANKSHARES K-1 | 94,658 | 94,658 | 94,658 |
| Description | Amount |
|---|---|
| NONTAXABLE INCOME | 30,500 |
| PARTNERSHIP DISTRIBUTIONS | 28,200 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAX LIABILITIES | 612 | 612 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SYNOVUS INVESTMENT MANAGEMENT FEES | 64,513 | 64,513 | 0 | |
| MERRILL LYNCH INVESTMENT MANAGEMENT FEES | 73,703 | 73,703 | 0 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT FEES | 51,903 | 51,903 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 9,772 | 9,772 | 0 | |
| PAYROLL TAXES PAID | 11,475 | 3,825 | 0 | |
| AD VALOREM TAXES | 8,903 | 0 | 0 |