| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 9,820 | 9,820 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIRST REPUBLIC | 17,646,040 | 17,646,040 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SHEPHERD SELECT ASSET LTD | FMV | 6,026 | 6,026 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM RELATED PARTY | 10,000 | 10,050 | 10,050 |
| PREPAID FEDERAL TAXES | 24,649 | 3,796 | 3,796 |
| Description | Amount |
|---|---|
| PENALTIES | 530 |
| NON DEDUCTIBLE LP EXPENSES | 4 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER FEES | 3,825 | 0 | 3,825 | |
| OUTSIDE SERVICES | 280,000 | 0 | 280,000 | |
| POSTAGE | 2,367 | 0 | 2,367 | |
| WEBSITE DEVELOPMENT | 1,800 | 0 | 1,800 | |
| DUES & PUBLICATIONS | 250 | 0 | 250 | |
| FILING FEE | 50 | 50 | 0 | |
| TELEPHONE | 402 | 0 | 402 | |
| BANK CHARGES | 99 | 99 | 0 | |
| OFFICE SUPPLIES | 8,488 | 0 | 8,488 | |
| INVESTMENT EXPENSES - LIMITED PARTNERSHIP | 5,186 | 5,186 | 0 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAINS RECORDED UNDER "SFAS 124" | 1,310,783 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL TAXES PAYABLE | 18,287 | 18,287 |
| STATE TAXES PAYABLE | 12,374 | 12,374 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CUSTODIAL AND ADVISORY FEES | 211,652 | 211,652 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 10,384 | 10,384 | 0 | |
| PAYROLL TAXES | 2,580 | 0 | 2,580 | |
| FEDERAL TAXES | 20,853 | 0 | 0 |