| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 2,450 | 1,225 | 1,225 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY - FIXED INCOME | 1,770,000 | 1,855,960 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY - EQUITIES | 3,273,481 | 4,862,291 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MICHIGAN REGISTRATION FEE | 20 | 0 | 20 | |
| PROGRAM COSTS | 288 | 0 | 288 | |
| MISC EXPENSES | 1,717 | 0 | 1,733 | |
| PROGRAMMING EXPENSE | 102,080 | 0 | 102,080 | |
| PROFESSIONAL DEVELOPMENT | 9,620 | 0 | 9,620 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOOKKEEPING AND ADMINISTRATION FEES | 241,500 | 120,750 | 120,750 | |
| INVESTMENT ADVISORY FEES | 46,684 | 23,342 | 23,342 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 721 | 721 | 0 | |
| INCOME TAX EXPENSE | 222 | 222 | 0 |