| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 41,649 | 41,649 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WESTGATE INTERNATIONAL | AT COST | 29,420 | 408,423 |
| M/L THREE, LLC | AT COST | 5,123,870 | 5,919,461 |
| JMD PARTNERSHIP | AT COST | 223,437 | 265,314 |
| CRP EXEMPT FUND | AT COST | 6,240 | 450 |
| MONTCALM CAPITAL FUND | AT COST | 5,000 | 5,739 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 4,695 | 4,695 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| EXCISE TAX | 3,590 | 8,056 | 8,056 |
| DUE FROM INVESTMENT PARTNERSHIP | 610,500 | 1,004,254 | 1,004,254 |
| Description | Amount |
|---|---|
| PASSTHROUGH NONDEDUCTIBLE EXPENSES | 6,009 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 63,844 | 63,844 | 0 | |
| POSTAGE & SHIPPING | 72 | 72 | 0 | |
| INSURANCE | 473 | 473 | 0 | |
| TELEPHONE | 668 | 668 | 0 | |
| JMD INVESTMENT FEES | 637 | 637 | 0 | |
| BROKER FEES | 4,566 | 4,566 | 0 | |
| OFFICE EXPENSE | 6,504 | 6,504 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PTNSHIP K-1 INCOME (LOSS) | -168,740 | -152,670 | -168,740 |
| Description | Amount |
|---|---|
| TAX EXEMPT INTEREST | 81 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 1,972 | 1,972 | 0 | |
| ML 3 STATE TAXES PAID | 544 | 544 | 0 | |
| JMD STATE TAXES PAID | 156 | 156 | 0 | |
| FOREIGN TAXES PAID | 1,838 | 1,838 | 0 | |
| EXCISE TAX | 2,546 | 0 | 0 |