| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 38,098 | 38,098 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WESTGATE INTERNATIONAL | AT COST | 22,305 | 332,977 |
| M/L THREE, LLC | AT COST | 6,194,040 | 7,105,300 |
| JMD PARTNERSHIP | AT COST | 257,381 | 280,913 |
| 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 | 5,890 | 5,890 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| EXCISE TAX | 8,056 | 5,600 | 5,600 |
| DUE FROM INVESTMENT PARTNERSHIP | 1,004,254 | 0 | 0 |
| Description | Amount |
|---|---|
| PASSTHROUGH NONDEDUCTIBLE EXPENSES | 6,282 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 51,262 | 51,262 | 0 | |
| POSTAGE & SHIPPING | 40 | 40 | 0 | |
| INSURANCE | 461 | 461 | 0 | |
| TELEPHONE | 266 | 266 | 0 | |
| JMD INVESTMENT FEES | 819 | 819 | 0 | |
| BROKER FEES | 6,017 | 6,017 | 0 | |
| OFFICE EXPENSE | 2,790 | 2,790 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PTNSHIP K-1 INCOME (LOSS) | -21,559 | -28,922 | -21,559 |
| Description | Amount |
|---|---|
| TAX EXEMPT INTEREST | 235 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO INVESTMENT PARTNERSHIP | 0 | 74,551 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 1,691 | 1,691 | 0 | |
| ML 3 STATE TAXES PAID | 296 | 296 | 0 | |
| JMD STATE TAXES PAID | 159 | 159 | 0 | |
| FOREIGN TAXES PAID | 3,470 | 3,470 | 0 | |
| EXCISE TAX | 0 | 0 | 0 | |
| PY EXCISE | 9,651 | 0 | 0 |