| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 23,725 | 3,559 | 20,166 |
| Category | Amount |
|---|---|
| Please refer to the additional attached supplemental statement for a complete list of all program related investments made during the year. | 2,921,826 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
Grant - Quebec-Labrador Foundation Inc |
4 South Main Street Ipswich,MA01968 |
2022-03-30 | 110,000 | The Foundation paid a grant to the Quebec-Labrador Foundation, Inc. in the amount of $110,000, initially approved during its 2022 tax year. The purpose of this grant was to expand awareness of, and draw attention to, diverse and accessible outdoor recreation opportunities better enabling environmental educators, families, youth, and individuals with disabilities to connect to meaningful experiences in nature independently and with dignity, through the development of the Maine Trail Finder tool by Center for Community GIS. | 110,000 | None. | Final reports received in May 2024. | 2024-09-03 | Narrative and financial progress reports were received in March 2023 and September 2024. To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2022-03-30 | 25,000 | The Foundation paid a grant to the Cooperative Development Institute, Inc. in the amount of $25,000, initially approved during its 2022 tax year. The purpose of this grant was to support Happy Little Paradise Childcare Cooperative's curriculum and replicable business model development, for this immigrant women-led cooperative childcare project focused on every-child centered, culturally-linguistically supportive, affordable childcare in the Lewiston-Auburn community. | 25,000 | None | Final reports were provided on January 30, 2024. | 2024-01-30 | The grantee provided final narrative and financial reports on January 30, 2024. Based on the information provided to the Foundation by the grantee as of this return's filing, the Foundation is not aware of any diversion of funds from its intended purpose. |
|
Grant - Wabanaki Alliance |
PO Box 265 Stillwater,ME04489 |
2022-04-25 | 150,000 | The Foundation awarded a grant to the Wabanaki Alliance in the amount of $150,000, initially approved during its 2022 tax year; $50,000 was paid in 2022 and an additional $50,000 was released in 2023. The purpose of the grant is to support educational programming for Mainers including webinars, speaking engagements, and public events on Wabanaki history, culture, experiences, and sovereignty issues.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 97,268 | None. | Final reports are due by May 23, 2025. | The grantee will provide final narrative and financial reports on or before April 24, 2025. Progress reports are due in March, 2023, and in March, 2024. At the time of this return's filing the Foundation is not aware of any diversion of funds from its intended purpose. | |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2022-03-30 | 15,000 | The Foundation paid a grant to the Cooperative Development Institute Inc. in the amount of $15,000, initially approved during its 2022 tax year. The purpose of this grant was to support Isuken Co-op, a women-led food coop, in providing cooking classes, youth engagement, and culturally preferred prepared meals for at-risk community members, in partnership with Lewiston-Auburn area non-profit organizations. | 15,000 | None | Final reports were provided on January 30, 2024. | 2024-01-30 | The grantee provided final narrative and financial reports on January 30, 2024. Based on the information provided to the Foundation by the grantee as of this return's filing, the Foundation is not aware of any diversion of funds from its intended purpose. |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2022-03-30 | 45,000 | The Foundation paid a grant to the Cooperative Development Institute Inc. in the amount of $45,000, initially approved during its 2022 tax year. The purpose of this grant was to support New Roots Cooperative Farm planning and development of a collaborative Farmer-to-Farmer training program as a supplemental program to deepen and support the impact of existing immigrant farmer incubator programs in the community. | 45,000 | None | Final reports were provided on January 30, 2024. | 2024-01-30 | The grantee provided final narrative and financial reports on January 30, 2024. Based on the information provided to the Foundation by the grantee as of this return's filing, the Foundation is not aware of any diversion of funds from its intended purpose. |
|
PRI Equity Interest - Atlantic Sea Farms |
20 Pomerleau Street Biddeford,ME04005 |
2023-09-23 | 1,750,000 | Atlantic Sea Farms is a women-run, mission-driven, vertically integrated, regenerative seaweed aquaculture company. To promote food sustainability and the development of local economies in communities in Maine, the Foundation issued a $1,000,000 convertible note to this business during the 2023 tax year. During the 2024 tax year the initial $1,000,000 convertible note investment converted to an equity and the Foundation made an additional $750,000 equity investment. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 1,750,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Partnership Interest - Fork Food Hub L3C |
95 Darling Avenue South Portland,ME04106 |
2023-04-30 | 750,000 | Fork Food Hub L3C - Fork Food Hub is a low-profit limited liability company organized for the primary purpose of owning and managing real estate to be leased by Fork Food Lab, a public charity based in South Portland, Maine. Fork Food Lab's mission is to serve as an incubator and shared kitchen space to grow local food businesses and to promote a sustainable food economy. The Foundation's equity interest in Fork Food Hub L3C will provide a source of funding to promote Fork Food Hub's overall exempt purposes. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 750,000 | None. | Reports received at least annually, and by no later than September | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Equity Interest - Tootie's Tempeh |
10 West Point Lane 202 Biddeford,ME04005 |
2023-06-30 | 175,000 | Tootie's Tempeh is a worker-owned cooperative committed to sustainable production practices, local sourcing or agricultural inputs, equitable and democratic workplaces, and improving environmental health. To promote food sustainability and the development of local economies in communities in Maine, the Foundation has made a total of $175,000 in equity investments into the recipient organization, though no new investments were made in 2024. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 175,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Ecology Education Inc |
184 Simpson Road Saco,ME04072 |
2023-01-01 | 250,000 | Ecology Education, Inc. (DBA The Ecology School) is a public charity based in Saco, Maine, whose mission is to inspire stewardship of and connection to the natural world through experiential learning in ecology, conservation, farming, and sustainability. The Foundation has extended The Ecology School loans totaling $250,000 to further its charitable purpose. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 250,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Our Katahdin |
PO Box 293 Millinocket,ME04462 |
2023-11-30 | 330,836 | Our Katahdin is a public charity based in Millinocket, Maine. The Organization is a volunteer driven nonprofit organization working to promote community and economic development in the Katahdin region. Our Katahdin is a connector, pulling together ideas, people and money to move our community forward. During the 2023 tax year, to assist Our Katahdin in its charitable mission, the Foundation has extended the organization loan proceeds totaling $330,836 (as of the end of this tax year, $281,281 of this loan has been repaid). The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 281,281 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2024-04-03 | 30,000 | To support the work of the Lewiston-Auburn Childcare Collaborative with other partners in Lewiston-Auburn, including Happy Little Paradise Cooperative, to provide community outreach and education for immigrant families on how to complete necessary requirements to gain and sustain childcare services for their children.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | None | Narrative and financial reports are due on 05/19/25. | The grantee is to provide final narrative and financial reports by May 2025. Based on the information provided to the Foundation by the grantee as of this return's filing, the Foundation is not aware of any diversion of funds from its intended purpose. | ||
|
Grant - Bangor Land Trust |
PO Box 288 Bangor,ME04402 |
2023-07-24 | 40,000 | To develop a first-of-its-kind management plan for the Penjajawoc Marsh, supporting a healthy ecosystem and coexistence of people and beavers. | 40,000 | None. | Narrative and financial final reports received by 08/26/24. | 2024-08-26 | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2023-03-29 | 50,000 | To support donation of fresh foods from New Roots Cooperative Farms to those in need and will support New Roots Cooperative Farms' partnership in the Maine Marinara Project to provide tomatoes, zucchini, carrots and onions towards the pilot processing program to introduce a fresh, nutritious, and locally grown marinara product to the schools while engaging youth around community farming efforts.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 16,652 | None | Narrative and financial reports are due on 05/19/25. | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. | |
|
Grant - Cooperative Development Institute Inc |
PO Box 1051 Northampton,MA01061 |
2023-03-29 | 100,000 | To support Isuken Teaching Farm Project, a women-led food coop, in advancing youth engagement, and culturally preferred prepared meals for at-risk community members, in partnership with Lewiston-Auburn area non-profit organizations, while increasing land access for immigrant farmers.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 32,143 | None | Narrative and financial reports are due on 05/19/25. | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. | |
|
Grant - Cumberland County Food Security Council |
PO Box 1399 Portland,ME04104 |
2023-03-29 | 50,000 | To support Ummah Farms Food Hub to develop the Turner Farm Training Center which brings Afro-Indigenous and BIPOC communities together around food and land access, agricultural job training, and community while working with producers to implement farming best practices working collaboratively to increase access to clean food.While the original grant amount was for $50,000, it was later amended to $25,000. The organization could not complete the work, and the balance of funds was returned to the Foundation on 12/19/24, and the grant period was likewise amended and the grant closed out early. | 25,000 | None | Narrative and financial reports were received on 04/11/24 and on 12/19/24. | 2024-12-19 | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. |
|
Grant - Fork Food Lab |
72 Parris Street Portland,ME04101 |
2002-03-29 | 50,000 | To support Maine Farm & Sea Cooperative to provide project management of the Maine Marinara Collaborate and work to achieve local food implementation goals. They will engage their partners with the capacity and skills to develop value-added products from local producers for regional institutional consumers.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 22,400 | None. | Narrative and financial reports are due on 05/19/25. | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. | |
|
Grant - Lewiston Auburn Metropolitan Chamber of Commerce Foundation |
415 Lisbon Street Suite 100 Lewiston,ME04240 |
2023-07-19 | 60,000 | To support the Community Credit Union's Credit-Builder program, to remove barriers to economic opportunity for residents with limited incomes in Lewiston and Auburn.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 12,300 | None. | Narrative and financial reports are due on 08/26/25. | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. | |
|
Grant - Maine Farmland Trust |
97 Main Street Belfast,ME04915 |
2023-03-29 | 160,000 | To support the development of agricultural systems in Maine to address a critical need for growing and processing locally produced meat for regional distribution and consumption, including culturally significant products. This project supports capacity building around all elements of the food system, including farmers, animal production, meat processing, access to markets, and access to farmland.As the final reports are not due until 2025, the Foundation is providing this Expenditure Responsibility Statement for transparency and compliance purposes. | 59,971 | None. | Narrative and financial reports are due on 05/19/25. | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. | |
|
Grant - Thistle |
38 Spring Street Suite B Belfast,ME04915 |
2023-03-29 | 15,000 | To support White Ash Learning Cooperative's Semester Program, day and overnight programming and camps and community building skills workshops, and for barrier removal costs and strategies to ensure programming is available to all regardless of ability to pay. | 15,000 | None. | Narrative and financial reports were received on 05/19/24. | 2024-05-19 | To the best of the Foundation's knowledge, the grantee has not diverted any portion of the fund from the purpose of the grant. |
|
PRI Loan - Welcome Home Downeast |
4 Maple Street Milbridge,ME04658 |
2024-12-31 | 500,000 | Welcome Home Downeast LLC. is a subsidiary of Mano en Mano formed through a partnership with Sunrise County Economic Council (SCEC). The project was developed to support families new to the Downeast area rent quality, affordable housing and begin the pathway to home ownership. Welcome Home Downeast's goal is to purchase, renovate or build 6-7 homes in Milbridge, Cherryfield, Harrington, Gouldsboro or the surrounding area. During a previous tax year, to assist Our Katahdin in its mission which aligns with the Foundation's charitable goals, the Foundation has extended the organization loan proceeds totaling $500,000. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 500,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - OK Community Farm |
248 Pond Road Lewiston,ME04240 |
2024-12-31 | 171,826 | OK Community Farm, LLC is a diversified vegetable farm that specializes in African crops, uses environmentally friendly practices, and is a large supplier of culturally relevant produce to local food security organizations. To promote agricultural development and the availability of culturally relevant food to low-income individuals, the Foundation made a $171,826 loan to this business during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 171,826 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Working Fields Vermont |
248 N Main Street Barre,VT05641 |
2024-12-31 | 50,000 | Working Fields is a mission-driven staffing agency offering jobs and peer coaching to anyone seeking work with a focus on individuals in recovery and post-incarceration. To promote economic opportunity for those facing barriers to employment, the Foundation made a $200,000 equity investment and issued a $50,000 convertible note to this business during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 50,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Coastal Enterprises Inc (CEI) |
30 Federal Street Suite 100 Brunswick,ME04011 |
2024-12-31 | 500,000 | Coastal Enterprises, Inc. (CEI) is a Community Development Financial Institution that works to grow good jobs, advance small business ownership, and create a climate-resilient future. To promote local economic and community development, the Foundation issued a $500,000 note to this nonprofit organization during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 500,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Wabanaki Public Health and Wellness |
16 Central Street Bangor,ME04401 |
2024-12-31 | 250,000 | Wabanaki Public Health and Wellness provides public health and social services to four federally recognized tribes located in five communities and community members living on and off -reservation across Maine. To promote access to health and wellness, substance use recovery, and other community services, the Foundation made a $250,000 loan to this nonprofit organization during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 250,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Genesis Community Loan Fund |
22 Lincoln Street Brunswick,ME04011 |
2024-12-31 | 500,000 | Genesis Community Loan Fund is a nonprofit Community Development Financial Institution that makes flexible loans and delivers expert guidance to help communities create affordable housing and other essential resources. To promote local economic and community development, the Foundation issued a $500,000 note to this nonprofit organization during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 500,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Cooperative Fund of the Northeast |
PO Box 970 Watertown,MA02471 |
2024-12-31 | 500,000 | Cooperative Fund of the Northeast Inc. is a community development loan fund that provides financial products and technical assistance to community based, cooperative, and democratically controlled enterprises with a focus on low-income communities. To promote local economic and community development, the Foundation issued a $500,000 note to this nonprofit organization during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 500,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Equity Interest - Working Fields Vermont |
248 N Main Street Barre,VT05641 |
2024-12-31 | 200,000 | Working Fields is a mission-driven staffing agency offering jobs and peer coaching to anyone seeking work with a focus on individuals in recovery and post-incarceration. To promote economic opportunity for those facing barriers to employment, the Foundation made a $200,000 equity investment and issued a $50,000 convertible note to this business during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 200,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Equity Interest - Harvesting Good |
494 US Route 1 Yarmouth,ME04096 |
2024-12-31 | 1,000,000 | Harvesting Good works to strengthen regional food systems and ensure access to nutritious food for all by providing frozen food processing infrastructure for Northeast farmers. To promote agricultural development and the availability of healthy fresh foods for low-income individuals, the Foundation purchase a $1,000,000 stake in this business during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 1,000,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Partnership Interest - Scammon Ridge Headwaters LLC |
45 Exchange Street Portland,ME04101 |
2024-12-31 | 750,000 | Scammon Ridge Headwaters LLC is an investment vehicle formed to own a 3,000 acre forestland property, the first acquisition in a larger effort to acquire and manage forests for increased ecological, social, and environmental benefits. To promote preservation of wildlife habitat, access to recreational opportunities, and local economic development, the Foundation made a $750,000 equity investment in the business during the 2024 tax year. The Foundation feels that this investment aligns with and furthers its strategic goals and charitable mission. | 750,000 | None. | Reports received at least annually, and by no later than September | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
|
PRI Loan - Fork Food Lab |
95 Darling Avenue South Portland,ME04106 |
2023-02-28 | 750,000 | Fork Food Lab is a public charity based in South Portland, Maine. Fork Food Lab's mission is to serve as an incubator and shared kitchen space to grow local food businesses and to promote a sustainable food economy. To date, the Foundation has extended $750,000 of loans to Fork Food Lab to provide a source of funding for the organization's efforts to promote its exempt purposes. The Foundation feels that this loan aligns with and furthers its strategic goals and charitable mission. | 750,000 | None. | Reports received regularly and upon request. | 2024-12-31 | To date, based on the reports and documents received from the recipient and the Foundation's advisors, and to the best of the Foundation's knowledge, there have been no diversions or unauthorized uses of funds. As of the end of this tax year, this PRI remains outstanding. |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990-PF, Part VIII-B, Line 3: | During this tax year, the Foundation funded a series of program related investments ("PRIs"). These PRIs have been deemed to materially relate to and advance the Foundation's charitable goals and tax-exempt purpose. A complete list of all new funding for PRIs made during this tax year, in order of size, is as follows: - Equity Interest, Harvesting Good: $1,000,000 - Equity Interest, Atlantic Sea Farms: $750,000 - Partnership Interest, Scammon Ridge Headwaters: $750,000 - Loan, Coastal Enterprises: $500,000 - Loan, Cooperative Fund of the Northeast: $500,000 - Loan, Genesis Community Loan Fund: $500,000 - Loan, Wabanaki Public Health and Wellness: $250,000 - Equity Interest, Working Fields Vermont: $200,000 - Loan, Fork Food Lab: $750,000 - Loan, OK Community Farm: $171,826 - Loan, Working Fields Vermont: $50,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 314847.588 shs CUBIX | 4,577,884 | 4,577,884 |
| 785355.635 shs VBIRX | 7,955,653 | 7,955,653 |
| 801322.915 shs VFSIX | 8,261,639 | 8,261,639 |
| 1000000 shs CALVERT IMPACT, CUSIP: 13162EMCD5 | 1,000,000 | 1,000,000 |
| 50000 shs AIRCASTLE LTD, CUSIP: 00928QAW1 | 49,038 | 49,038 |
| 200000 shs BP CAP MARKETS, CUSIP: 05565QDVY | 190,576 | 190,576 |
| 100000 shs BANK OF NEW YORK MELLON, CUSIP: 064058AH3 | 99,051 | 99,051 |
| 200000 shs BARCLAYS PLC, CUSIP: 06738EBN4 | 199,530 | 199,530 |
| 50000 shs CITIZENS FINL GROUP, CUSIP: 174610AU9 | 49,650 | 49,650 |
| 250000 shs COBANK ACB, CUSIP: 19075QAF9 | 255,678 | 255,678 |
| 200000 shs CREDIT AGRICOLE, CUSIP: 2253113AR6 | 191,258 | 191,258 |
| 30000 shs EDISON INTERNATIONAL, CUSIP: 281020AS6 | 29,582 | 29,582 |
| 125000 shs ENERGY TRANSFER, CUSIP: 29273VAM2 | 125,450 | 125,450 |
| 45000 shs GOLDMAN SACHS GROUP, CUSIP: 38141GYU2 | 43,008 | 43,008 |
| 200000 shs HSBC HLDGS PLC, CUSIP: 404280EJ4 | 200,318 | 200,318 |
| 80000 shs SEMPRA BOND, CUSIP: 816851BK4 | 78,959 | 78,959 |
| 50000 shs MOLEX ELECTRONIC TECHNOLOGIES, CUSIP: 60856BAC8 | 49,858 | 49,858 |
| 200000 shs CHINA CINDA FIN 2015, CUSIP: 16891VAB5 | 199,404 | 199,404 |
| 100000 shs KEYCORP, CUSIP: 49326EEL3 | 100,089 | 100,089 |
| 50000 shs CITIZENS BK, CUSIP: 75524KQB3 | 49,996 | 49,996 |
| 70000 shs HF SINCLIAR CORP, CUSIP: 403949AB6 | 70,523 | 70,523 |
| 50000 shs QUEST DIAGNOSTICS, CUSIP: 74834LAZ3 | 49,182 | 49,182 |
| 20000 shs ATHENE GLOBAL, CUSIP: 04685A2Z3 | 19,049 | 19,049 |
| 75000 shs TEVA PHARMACEUTICAL, CUSIP: 88167AAE1 | 72,068 | 72,068 |
| 50000 shs LIBERTY MUTUAL, CUSIP: 53079QAC1 | 52,030 | 52,030 |
| 65000 shs PRINCIPAL LIFE GLOBAL, CUSIP: 74256LEX3 | 65,350 | 65,350 |
| 15000 shs CROWN CASTLE, CUSIP: 22822VAE1 | 14,739 | 14,739 |
| 80000 shs BAYPORT POLYMERS, CUSIP: 073096AA7 | 78,743 | 78,743 |
| 30000 shs ROCHESTER GAS, CUSIP: 771367CD9 | 28,692 | 28,692 |
| 50000 shs MILEAGE PLUS HOLDINGS, CUSIP: 599191AA1 | 25,158 | 25,158 |
| 50000 shs AVIATION CAP, CUSIP: 05369AAA9 | 47,804 | 47,804 |
| 100000 shs ONEMAIN FINANCIAL CORPORATION, CUSIP: 85172FAQ2 | 101,238 | 101,238 |
| 90000 shs CARGO AIRCRAFT MANAGEMENT, CUSIP: 14180LAA4 | 89,275 | 89,275 |
| 70000 shs ONEANEERING INTERNATIONAL, CUSIP: 675232AB8 | 69,046 | 69,046 |
| 100000 shs AVALON HLDGS, CUSIP: 05401AAS0 | 102,791 | 102,791 |
| 50000 shs SPIRIT AEROSYSTEMS INC, CUSIP: 852055AK6 | 47,413 | 47,413 |
| 30000 shs MINERAL RE, CUSIP: 603051AE3 | 31,475 | 31,475 |
| 100000 shs SKYMILES IP, CUSIP: 830867AB3 | 98,634 | 98,634 |
| 75000 shs CARS COM INC, CUSIP: 14575EAA3 | 74,539 | 74,539 |
| 75000 shs CANTOR FITZGERALD, CUSIP: 138616AM9 | 78,363 | 78,363 |
| 20000 shs NCL CORP, CUSIP: 62886HBN0 | 21,077 | 21,077 |
| 70000 shs TARGA RES PARTNERS, CUSIP: 87612BBN1 | 71,641 | 71,641 |
| 25000 shs STEELCASE INC, CUSIP: 858155AE4 | 23,994 | 23,994 |
| 50000 shs EXPAND ENERGY CORP, CUSIP: 845467AR0 | 49,253 | 49,253 |
| 20000 shs AMC NETWORKS INC, CUSIP: 00164VAF0 | 15,699 | 15,699 |
| 30000 shs CROCS INC, CUSIP: 227046AA7 | 27,732 | 27,732 |
| 200000 shs CENTRAL AMER BOTTLING, CUSIP: 15239XAA6 | 189,642 | 189,642 |
| 50000 shs CARNIVAL CORP, CUSIP: 143658BR2 | 49,882 | 49,882 |
| 200000 shs IHO VERWALTUNGS, CUSIP: 44963BAD0 | 192,348 | 192,348 |
| 80000 shs SANTANDER HOLDINGS, CUSIP: 80282KBG0 | 82,606 | 82,606 |
| 50000 shs PENSE AUTOMOTIVE, CUSIP: 70959WAK9 | 45,440 | 45,440 |
| 200000 shs ALTICE FRANCE S A NOTE, CUSIP: 02156LAF8 | 149,773 | 149,773 |
| 25000 shs REVITY INC, CUSIP: 714046AG4 | 23,066 | 23,066 |
| 200000 shs MHP LUX, CUSIP: 59318YAB4 | 168,000 | 168,000 |
| 200000 shs SPRINT SPECTRUM, CUSIP: 85208NAE0 | 130,602 | 130,602 |
| 40000 shs AMERICAN AXLE & MFG, CUSIP: 02406PBB5 | 36,527 | 36,527 |
| 108000 shs SABRE GLBL INC,CUSIP: 78573NAL6 | 111,417 | 111,417 |
| 115000 shs DELTA AIR LINES, CUSIP: 247361ZV3 | 77,385 | 77,385 |
| 25000 shs UNITED RENTALS NORTH AMERICA, CUSIP: 911365BQ6 | 25,222 | 25,222 |
| 45000 shs REGAL REXNORD, CUSIP: 758750AN3 | 46,290 | 46,290 |
| 85000 shs HYUNDAI CAP, CUSIP: 44891ABL0 | 88,786 | 88,786 |
| 20000 shs FMG RESOURCES, CUSIP: 30251GBD8 | 19,656 | 19,656 |
| 25000shs LATAM AIRLINES GROUP, CUSIP: 51817RAD8 | 25,309 | 25,309 |
| 40000 shs ROSS STORES, CUSIP: 778296AD5 | 38,982 | 38,982 |
| 50000 shs T MOBILE USA, CUSIP: 87264ABF1 | 47,050 | 47,050 |
| 10000 shs COLONIAL ENTERPRISES, CUSIP: 19565CAA8 | 9,041 | 9,041 |
| 70000 shs LEIDOS INC, CUSIP: 52532XAF2 | 66,979 | 66,979 |
| 75000 shs DENTSPLY SIRONA, CUSIP: 24906PAA7 | 66,252 | 66,252 |
| 30000 shs OMNICOM GROUP, CUSIP: 681919BC9 | 28,820 | 28,820 |
| 100000 shs WESTERN ALLIANCE, CUSIP: 95763PEF4 | 97,125 | 97,125 |
| 35000 shs PENSKE TRUCK, CUSIP: 709599BV5 | 36,727 | 36,727 |
| 170000 shs VIATRIS INC, CUSIP: 92556VAD8 | 147,468 | 147,468 |
| 200000 shs EMBRAER NETHERLANDS, CUSIP: 29082HAD4 | 208,002 | 208,002 |
| 25000 shs PBF HLDG, CUSIP: 69318FAL2 | 24,533 | 24,533 |
| 60000 shs SMITH & NEPHEW PLC, CUSIP: 83192PAA6 | 50,287 | 50,287 |
| 135000 shs BRITISH AIR, CUSIP: 11043XAB9 | 64,075 | 64,075 |
| 20000 shs CNX RE, CUSIP: 12653CAK4 | 20,545 | 20,545 |
| 50000 shs SUZANO AUSTRIA, CUSIP: 86964WAJ1 | 44,127 | 44,127 |
| 40000 shs PARAMOUNT GLOBAL, CUSIP: 92556HAB3 | 37,340 | 37,340 |
| 250000 shs SK HYNIX, CUSIP: 78392BAC1 | 209,511 | 209,511 |
| 50000 shs TALOS PRODTN INC, CUSIP: 87485LAE4 | 50,970 | 50,970 |
| 15000 shs T MOBILE USA, CUSIP: 87264ACB9 | 12,903 | 12,903 |
| 100000 shs INTERPUBLIC GROUP, CUSIP: 460690BT6 | 85,180 | 85,180 |
| 30000 shs QUICKEN LOANS, CUSIP: 74841CAB7 | 26,139 | 26,139 |
| 40000 shs STONEX GROUP, CUSIP: 861896AA6 | 41,832 | 41,832 |
| 50000 shs AMFAM HOLDINGS, CUSIP: 03115AAA1 | 38,927 | 38,927 |
| 200000 shs GENM CAPITAL ABUAN LIMITED, CUSIP: 37231BAA6 | 176,685 | 176,685 |
| 150000 shs SANTOS FINANCE, CUSIP: 803014AA7 | 132,105 | 132,105 |
| 100000 shs ATHENE GLOBAL, CUSIP: 04685A2Y6 | 84,960 | 84,960 |
| 50000 shs FLEX INTER HOLD CO, CUSIP: 33939HAA7 | 42,698 | 42,698 |
| 15000 shs QUEST DIAGNOSTICS, CUSIP: 74834LBC3 | 13,014 | 13,014 |
| 200000 shs CIBANCO SA, CUSIP: 171653AA6 | 167,122 | 167,122 |
| 30000 shs AUTONATION INC, CUSIP: 05329WAS1 | 24,752 | 24,752 |
| 150000 shs FIRST AMERN FINL, CUSIP: 31847RAH5 | 123,408 | 123,408 |
| 15000 shs MANITOWOC CO, CUSIP: 563571AN8 | 15,375 | 15,375 |
| 200000 shs EXTRA SPACE, CUSIP: 30225VAQ0 | 166,182 | 166,182 |
| 40000 shs VISTRA OPERATIONS, CUSIP: 92840VA97 | 41,963 | 41,963 |
| 20000 shs AMERICAN EXPRESS, CUSIP: 025816DN6 | 21,378 | 21,378 |
| 200000 shs NATIONWIDE MUTUAL INS, CUSIP: 638671AC1 | 224,196 | 224,196 |
| 45000 shs FLOWSERVE CORP, CUSIP: 34335JAB4 | 38,265 | 38,265 |
| 50000 shs UNIVERSAL HEALTH SERVICES, CUSIP: 913903BA7 | 40,921 | 40,921 |
| 200000 shs ADANI PORTS, CUSIP: 00652MAK8 | 153,337 | 153,337 |
| 30000 shs POST HLDGS INC, CUSP: 737446AU8 | 29,775 | 29,775 |
| 10000 shs TOPBUILD COR, CUSIP: 89055FAC7 | 8,858 | 8,858 |
| 49000 shs PETROLEOS MEXICANOS, CUSIP: 71643VAB1 | 42,628 | 42,628 |
| 100000 shs MANULIFE FINL, CUSIP: 56501RAE6 | 97,516 | 97,516 |
| 100000 shs WARERMEDIA, CUSIP: 55903VBC6 | 88,121 | 88,121 |
| 75000 shs ROGERS COMMUNICATIONS, CUSIP: 775109CH2 | 67,440 | 67,440 |
| 80000 shs BAYPORT POLYMERS, CUSIP: 073096AC3 | 74,502 | 74,502 |
| 200000 shs PT FREEPORT INDENESIA, CUSIP: 69377FAB2 | 194,760 | 194,760 |
| 160000 shs SOUTH32 TREASURY, CUSIP: 84055BAA1 | 146,605 | 146,605 |
| 100000 shs HIL CORP ENERGY, CUSIP: 431318AZ7 | 92,003 | 92,003 |
| 150000 shs ZF NORTH AMER, CUSIP: 98877DAG0 | 142,236 | 142,236 |
| 30000 shs GENESIS ENERGY, CUSIP: 37185LAQ5 | 29,380 | 29,380 |
| 10000 shs GARRETT MOTION HLDGS, CUSIP: 366504AA6 | 10,145 | 10,145 |
| 150000 shs AVNET INC, CUSIP: 053807AV5 | 146,961 | 146,961 |
| 200000 shs ENEL FIN INTL, CUSIP: 29278GAX6 | 194,915 | 194,915 |
| 40000 shs ARCHROCK PARTNERS, CUSIP: 03959KAD2 | 39,950 | 39,950 |
| 20000 shs PERRIGO FINANCE, CUSIP: 71429MAD7 | 19,557 | 19,557 |
| 200000 shs VAR ENERGI ASA, CUSIP: 92212WAE0 | 223,902 | 223,902 |
| 210000 shs ECOPETROL, CUSIP: 279158AS8 | 213,982 | 213,982 |
| 60000 shs PUBLIC SVS, CUSIP: 744533BQ2 | 59,052 | 59,052 |
| 30000 shs SYNCHRONY, CUSIP: 87165BAU7 | 30,968 | 30,968 |
| 250000 shs UBS GROUP, CUSIP: 9026613AK4 | 208,762 | 208,762 |
| 75000 shs AMGEN, CUSIP: 031162DR8 | 74,447 | 74,447 |
| 30000 shs LEIDOS INC, CUSIP: 52532XAJ4 | 30,411 | 30,411 |
| 60000 shs TRIMBLE, CUSIP: 896239AE0 | 62,303 | 62,303 |
| 100000 shs NORTHERN STAR, CUSIP: 66573RAA6 | 102,384 | 102,384 |
| 160000 shs NEW YORK LIFE, CUSIP: 64952GAE8 | 165,662 | 165,662 |
| 30000 shs FMC CORP, CUSIP: 302491AX3 | 29,675 | 29,675 |
| 50000 shs HCA INC, CUSIP: 404119CQ0 | 49,466 | 49,466 |
| 70000 shs PACIFIC GAS, CUSIP: 694308KM8 | 73,785 | 73,785 |
| 25000 shs HEICO CORP, CUSIP: 422806AB5 | 24,940 | 24,940 |
| 200000 shs BANCO SANTANDER, CUSIP: 05964HAV7 | 209,892 | 209,892 |
| 200000 shs VOLKSWAGEN, CUSIP: 928668BX9 | 201,408 | 201,408 |
| 80000 shs MICRON TECHNOLOGY, CUSIP: 595112CB7 | 82,054 | 82,054 |
| 30000 shs FOX CORP, CUSIP: 35137LAN5 | 31,615 | 31,615 |
| 200000 shs ASHTEAD CAP, CUSIP: 045054AR4 | 202,264 | 202,264 |
| 50000 shs HCA INC, CUSIP: 404119AJ8 | 55,429 | 55,429 |
| 100000 shs EVERGY KANS, CUSIP: 30036FAC5 | 103,325 | 103,325 |
| 125000 shs TEXTRON INC, CUSIP: 883203CD1 | 130,279 | 130,279 |
| 200000 shs INTESA SANPAOLO, CUSIP: 46115HCD7 | 216,353 | 216,353 |
| 100000 shs BOSTON PPTYS, CUSIP: 10112RBH6 | 104,789 | 104,789 |
| 30000 shs SIMON PPTY, CUSIP: 828807DW4 | 31,814 | 31,814 |
| 70000 shs CAPITAL ONE, CUSIP: 14040HC79 | 70,303 | 70,303 |
| 20000 shs BUILDERS FIRSTSOURCE, CUSIP: 12008RAS6 | 19,739 | 19,739 |
| 200000 shs FORD MOTOR CREDIT COMPANY, CUSIP: 345397E66 | 195,678 | 195,678 |
| 120000 shs NEXTERA ENERGY, CUSIP: 65339KCU2 | 118,688 | 118,688 |
| 100000 shs AGCO CORP, CUSIP: 001084AS1 | 100,509 | 100,509 |
| 80000 shs SOLVENTUM CORP, CUSIP: 83499AKX8 | 79,606 | 79,606 |
| 120000 shs GLENCORE FDG, CUSIP: 378272BU1 | 119,467 | 119,467 |
| 80000 shs NARRAGANSETT ELEC, CUSIP: 631005BK0 | 79,758 | 79,758 |
| 70000 shs CHARTER COMMUNICATIONS, CUSIP: 161175CR3 | 71,604 | 71,604 |
| 40000 shs DTE ENERGY CO, CUSIP: 233331BL0 | 41,062 | 41,062 |
| 80000 shs OREILLY AUTOMOTIVE, CUSIP: 67103HAN7 | 77,585 | 77,585 |
| 150000 shs CHARLES SCHWAB, CUSIP: 808513CH6 | 157,488 | 157,488 |
| 130000 shs WOODSIDE FIN, CUSIP: 980236AR4 | 123,640 | 123,640 |
| 125000 shs PLAINS ALL AMERN PIPELIN, CUSIP: 72650RBP6 | 124,740 | 124,740 |
| 110000 shs 9297782 LLC, CUSIP: 83007CAE2 | 106,986 | 106,986 |
| 20000 shs NRG ENERGY, CUSIP: 629377CX8 | 19,617 | 19,617 |
| 100000 shs VERIZON COMMUNICATIONS, CUSIP: 92343VCQ5 | 92,647 | 92,647 |
| 50000 shs DISCOVER FINL, CUSIP: 254709At5 | 57,143 | 57,143 |
| 80000 shs WESTERN MIDSTREAM OPER, CUSIP: 958667AG2 | 77,274 | 77,274 |
| 100000 shs STATE STREET, CUSIP: 857477CG6 | 104,065 | 104,065 |
| 135000 shs HELMERICH & PAYNE, CUSIP: 423452AK7 | 128,178 | 128,178 |
| 60000 shs SEAGATE HDD CAYMAN, CUSIP: 81180WAN1 | 57,567 | 57,567 |
| 50000 shs HUNTINGTON INGALLS, CUSIP: 446413BB1 | 49,865 | 49,865 |
| 50000 shs VIDEOTRON LTD, CUSIP: 92660FAT1 | 49,074 | 49,074 |
| 60000 shs PNC FINL, CUSIP: 693475BW4 | 60,693 | 60,693 |
| 100000 shs US BANCORP, CUSIP: 91159HJR2 | 100,844 | 100,844 |
| 140000 shs WELLS FARGO, CUSIP: 95000U3K7 | 139,405 | 139,405 |
| 50000 shs AT&T INC, CUSIP: 0020RCP5 | 46,244 | 46,244 |
| 200000 shs MIZUHO FINANCIAL, CUSIP: 60687YDG1 | 202,655 | 202,655 |
| 100000 shs JPMORGAN CHASE, CUSIP: 46647PEK8 | 98,927 | 98,927 |
| 100000 shs GOLDMAN SACHS GROUP, CUSIP: 38141GB37 | 98,133 | 98,133 |
| 200000 shs CHILE ELE LUX MPC, CUSIP: 16882LAA0 | 194,306 | 194,306 |
| 150000 shs BANK AMERICA CORP, CUSIP: 06051GMD8 | 146,658 | 146,658 |
| 100000 shs WESTPAC BKG, CUSIP: 961214FW8 | 98,307 | 98,307 |
| 50000 shs VISTA OIL & GAS, CUSIP: 92841RAA8 | 49,675 | 49,675 |
| 100000 shs PLUSPETROL, CUSIP: 72941KAA4 | 100,823 | 100,823 |
| 100000 shs MORGAN STANLEY, CUSIP: 61747YES0 | 97,158 | 97,158 |
| 200000 shs BROADCOM INC, CUSIP: 11135FBV2 | 190,230 | 190,230 |
| 120000 shs PG&E WILDFIRE RECOVERY, CUSIP: 693342AB3 | 112,588 | 112,588 |
| 50000 shs ALLY FINL, CUSIP: 02005NBY5 | 48,442 | 48,442 |
| 200000 shs GALAXY PIPELINE, CUSIP: 36321PAE0 | 157,945 | 157,945 |
| 120000 shs VERIZON COMMUNICATIONS, CUSIP: 92343VGK4 | 90,755 | 90,755 |
| 200000 shs YINSON BORONIA, CUSIP: 39541EAE3 | 208,790 | 208,790 |
| 200000 shs GREENSAIF PIPELINES, CUSIP: 39541EAR3 | 195,002 | 195,002 |
| 50000 shs CME GROUP, CUSIP: 12572QAF2 | 50,000 | 50,000 |
| 50000 shs DELL INTL, CUSIP: 24703TAK2 | 63,597 | 63,597 |
| 200000 shs EIG PEARL HOLDINGS, CUSIP: 28249NAB7 | 154,798 | 154,798 |
| 60000 shs CVS HEALTH CORP, CUSIP: 126650CZ1 | 49,473 | 49,473 |
| 40000 shs BOEING CO, CUSIP: 097023CW3 | 37,206 | 37,206 |
| 300000 shs NIPPON LIFE INSURANCE, CUSIP: 654579AH4 | 253,098 | 253,098 |
| 100000 shs MPLX, CUSIP: 55336VBT6 | 84,032 | 84,032 |
| 90000 shs INTEL CORP, CUSIP: 458140CJ7 | 79,595 | 79,595 |
| 45000 shs AMGEN INC, CUSIP: 031162DT4 | 43,325 | 43,325 |
| 100000 shs META PLATFORMS, CUSIP: 30303M8Q8 | 99,975 | 99,975 |
| 200000 shs ELECTICITE DE FRANCE, CUSIP: 28504DAD5 | 214,756 | 214,756 |
| 80000 shs DUKE ENERGY, CUSIP: 26442CBL7 | 76,625 | 76,625 |
| 45000 shs NIAGARA MOHAWK, CUSIP: 65364UAU0 | 43,583 | 43,583 |
| 200000 shs RAIZEN FUELS, CUSIP: 75102XAC0 | 197,275 | 197,275 |
| 70000 shs SOLVENTUM CORP, CUSIP: 83499AKY6 | 68,090 | 68,090 |
| 15000 shs DOMINION ENERGY, CUSIP: 25746UDU0 | 15,840 | 15,840 |
| 50000 shs VALE OVERSEAS, CUSIP: 91911TAS2 | 49,159 | 49,159 |
| 200000 shs ALLIANZ SE, CUSIP: 018820AD2 | 197,098 | 197,098 |
| 25000 shs HEWLETT PACKARD, CUSIP: 42824CBW8 | 23,533 | 23,533 |
| 25000 shs AES CORP, CUSIP: 00130HCK9 | 25,678 | 25,678 |
| 100000 shs ILFC E-CAPITAL, CUSIP: 44965TAA5 | 82,440 | 82,440 |
| 100000 shs ENBRIDGE, CUSIP: 29250NAN5 | 99,040 | 99,040 |
| 50000 shs TRANSCANADA TRUST, CUSIP: 89356BAG3 | 47,413 | 47,413 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 300368.743 shs FSPSX | 14,279,530 | 14,279,530 |
| 106867.750 shs FXAIX | 21,821,326 | 21,821,326 |
| 740293.289 shs FPADX | 7,743,468 | 7,743,468 |
| 30229.953 shs VFSNX | 6,595,571 | 6,595,571 |
| 471858.189 shs ESML | 19,841,637 | 19,841,637 |
| 31329.199 shs VOOV | 5,780,551 | 5,780,551 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PRI - Tootie's Tempeh | FMV | 175,000 | 175,000 |
| PRI - Atlantic Sea Farms | FMV | 1,750,000 | 1,750,000 |
| PRI - Fork Food Hub | FMV | 275,194 | 275,194 |
| PRI - Harvesting Good | FMV | 1,000,000 | 1,000,000 |
| PRI - Working Fields Vermont | FMV | 200,000 | 200,000 |
| PRI - Scammon Ridge Headwaters LLC | FMV | 722,773 | 722,773 |
| Aether Real Assets II LP | FMV | 657,638 | 657,638 |
| Dorchester Capital Secondaries Offshore IV LP | FMV | 182,483 | 182,483 |
| Elliot International Limited | FMV | 5,366,495 | 5,366,495 |
| Generation IM Global Equity Fund LLC | FMV | 13,315,254 | 13,315,254 |
| Constitution Ironsides III Co-Investments Fund | FMV | 416,577 | 416,577 |
| Constitution Ironsides III Partnership Fund | FMV | 5,542 | 5,542 |
| Legacy Ventures VI | FMV | 1,214,507 | 1,214,507 |
| Legacy Ventures VII | FMV | 2,145,280 | 2,145,280 |
| Legacy Ventures VIII | FMV | 1,804,803 | 1,804,803 |
| Legacy Ventures IX | FMV | 1,442,949 | 1,442,949 |
| Lyme Forest Fund III TE LP | FMV | 417 | 417 |
| Maine Grains | FMV | 130,000 | 130,000 |
| NEC Fund VI | FMV | 1,035,678 | 1,035,678 |
| TIFF Pep 2009 | FMV | 36,106 | 36,106 |
| EIF V | FMV | 202,047 | 202,047 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture & Equipment | 54,874 | 54,874 | 0 | |
| Capital Lease Assets | 92,480 | 44,565 | 47,915 | 47,915 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal Fees | 102,637 | 0 | 102,637 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Security Deposit | 2,224 | 2,224 | 2,224 |
| Deferred Tax Asset | 87,389 | 52,181 | 52,181 |
| Investments Receivable | 221,964 | 283,745 | 283,745 |
| Description | Amount |
|---|---|
| Capital lease liability adjustment | 44,640 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accrual to Cash Conversion | 0 | 0 | -667 | |
| Contract Services and Consultants | 383,599 | 0 | 383,599 | |
| IT, Website, and Software | 49,234 | 0 | 49,234 | |
| Office Expenses | 72,127 | 0 | 72,127 | |
| Insurance | 11,165 | 0 | 11,165 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Net Adjustment for Amounts Reported on Schedules K-1 | -51,574 | -237,577 | -51,574 |
| Recorded on Books | 51,574 | 51,574 |
| Description | Amount |
|---|---|
| Unrealized gain/(loss) on investments | 11,616,209 |
| Recoveries of prior year charitable distributions | 25,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Capital Lease Obligations | 92,480 | 47,840 |
| Deferred Tax Liabilities | 141,018 | 219,543 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Fees | 161,338 | 161,338 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign Taxes on Investments | 78,662 | 78,662 | 0 | |
| Net Excise Tax Expense | 188,733 | 0 | 0 |