| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 64,438 | 50,262 | 14,176 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2000-09-09 | 316,462 | L | 0 | 0 | ||||
| BUILDING | 2000-09-09 | 219,323 | 123,727 | SL | 39.000000000000 | 5,624 | 5,624 | ||
| LAND IMPROVEMENTS | 2000-09-09 | 14,215 | 14,215 | SL | 15.000000000000 | 0 | 0 | ||
| LAND IMPROVEMENTS | 2005-03-01 | 10,000 | 9,949 | SL | 15.000000000000 | 0 | 0 | ||
| LAND IMPROVEMENTS | 2006-03-01 | 12,820 | 12,753 | SL | 15.000000000000 | 0 | 0 | ||
| LAND IMPROVEMENTS | 2007-03-01 | 700 | 700 | SL | 15.000000000000 | 0 | 0 | ||
| LAND | 2000-09-09 | 387,207 | L | 0 | 0 | ||||
| BUILDING | 2000-09-09 | 202,142 | 114,026 | SL | 39.000000000000 | 5,183 | 5,183 | ||
| LAND IMPROVEMENTS | 2000-09-09 | 25,651 | 25,651 | SL | 15.000000000000 | 0 | 0 | ||
| LAND | 2000-09-09 | 612,939 | L | 0 | 0 | ||||
| BUILDING | 2000-09-09 | 667,061 | 376,288 | SL | 39.000000000000 | 17,104 | 17,104 | ||
| ROOF/SIDING/HVAC | 2012-11-28 | 176,794 | 43,647 | SL | 40.000000000000 | 4,420 | 4,420 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ROBERT W. BAIRD & CO | 3,778,137 | 3,778,137 |
| U.S. TRUST | 2 | 2 |
| MORGAN STANLEY | 22,930,399 | 22,930,399 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 316,462 | 0 | 316,462 | |
| BUILDING | 219,323 | 129,351 | 89,972 | |
| LAND IMPROVEMENTS | 14,215 | 14,215 | 0 | |
| LAND IMPROVEMENTS | 10,000 | 9,949 | 51 | |
| LAND IMPROVEMENTS | 12,820 | 12,753 | 67 | |
| LAND IMPROVEMENTS | 700 | 700 | 0 | |
| LAND | 387,207 | 0 | 387,207 | |
| BUILDING | 202,142 | 119,209 | 82,933 | |
| LAND IMPROVEMENTS | 25,651 | 25,651 | 0 | |
| LAND | 612,939 | 0 | 612,939 | |
| BUILDING | 667,061 | 393,392 | 273,669 | |
| ROOF/SIDING/HVAC | 176,794 | 48,067 | 128,727 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDELITY BUILDING COMPANY | AT COST | 1,848,577 | 4,086,400 |
| FUNDAMENTAL GLOBAL HOLDINGS, L.P. | FMV | 1,253,151 | 1,253,151 |
| PALISADES MEDIA TARTAN, LLC | FMV | 205,390 | 205,390 |
| QUARRY ROAD | AT COST | 12,906,643 | 15,940,120 |
| SOUNDVIEW FARMS, LLC | AT COST | 3,661,169 | 6,436,739 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 22,635 | 15,165 | 7,470 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO EXPENSES | 370 | 185 | 185 | |
| COMPUTER EXPENSES | 3,912 | 1,956 | 1,956 | |
| GIFTS | 1,503 | 0 | 0 | |
| INSURANCE | 9,891 | 7,913 | 1,978 | |
| INVESTMENT EXPENSES - FUNDAMENTAL GLOBAL HOLDINGS, L.P. | 9,457 | 9,457 | 0 | |
| POSTAGE & DELIVERY | 177 | 89 | 89 | |
| OFFICE EXPENSES | 3,249 | 1,625 | 1,625 | |
| BOARD MEETING EXPENSE | 10,444 | 10,444 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FIDELITY BUILDING COMPANY (SCH K-1) | 120,700 | 120,700 | 120,700 |
| LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) | -37,327 | -37,327 | -37,327 |
| PALISADES TARTAN MEDIA, LLC (SCH K-1) | -3,419 | -3,419 | -3,419 |
| PITT/SCINTO LOT 3, LLC (SCH K-1) | 347,709 | 347,709 | 347,709 |
| PITT/SCINTO LOT 3, LLC (SCH K-1) | 211,845 | 0 | 211,845 |
| QUARRY ROAD LOT 1 (JOINT VENTURE) | -49,289 | -49,289 | -49,289 |
| QUARRY ROAD LOT 2, LLC (SCH K-1) | 1,530,452 | 1,530,452 | 1,530,452 |
| QUARRY ROAD LOT 2, LLC (SCH K-1) | 104,125 | 0 | 104,125 |
| LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) | -19,265 | -19,265 | -19,265 |
| SOUNDVIEW FARMS, LLC (SCH K-1) | 96,100 | 0 | 96,100 |
| SOUNDVIEW FARMS, LLC (SCH K-1) | 490,513 | 490,513 | 490,513 |
| LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) | -48,256 | -48,256 | -48,256 |
| LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) | -9,454 | 0 | -9,454 |
| ENTERPRISE PRODUCTS PARTNERS LP | 387 | 387 | 387 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS (LOSSES) | 221,582 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| EXCISE TAX PAYABLE | 79,831 | 79,831 |
| PAYROLL TAXES PAYABLE | 20,228 | 20,228 |
| BANK OVERDRAFT | 0 | 117,842 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 144,844 | 144,844 | 0 | |
| PAYROLL PROCESSING FEES | 1,409 | 583 | 748 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 75,545 | 0 | 0 | |
| FEDERAL INCOME TAXES | 157,166 | 0 | 0 | |
| STATE INCOME TAXES | 25,000 | 0 | 0 | |
| FOREIGN TAXES | 91 | 91 | 0 | |
| LICENSES | 20 | 10 | 10 | |
| PAYROLL TAXES | 32,347 | 13,388 | 17,179 |