| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,600 | 5,800 | 5,800 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 1,807,171 | 1,807,171 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCK | 8,884,735 | 8,884,735 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WILLIAMS CO. MINERAL INTEREST | AT COST | 65,319 | 65,319 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ORGANIZATION COSTS | 7,973 | 7,973 | 7,973 |
| ACCUMULATED AMORTIZATION | -7,929 | -7,973 | -7,973 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKER FEES - ADR FEES | 552 | 552 | 0 | |
| INSURANCE EXPENSE | 1,030 | 0 | 1,030 | |
| OFFICE EXPENSE | 739 | 0 | 739 | |
| ROYALTY OTHER EXPENSES | 3,493 | 3,493 | 0 | |
| MISCELLANEOUS EXPENSE | 594 | 594 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| WILLIAMS CO | 17,485 | 17,485 | 17,485 |
| OTHER INCOME | 4,904 | 4,904 | 4,904 |
| OTHER INVESTMENT INCOME | 665 | 665 | 665 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS(LOSS) | 676,781 |
| BOOK/TAX DIFFERENCE GRANTS PAID | 250,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL EXCISE TAX PAYABLE | 0 | 2,650 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 136,270 | 113,657 | 22,613 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 8,777 | 8,777 | 0 | |
| ROYALTY NORTH DAKOTA TAXES | 105 | 105 | 0 | |
| FEDERAL EXCISE TAX | 12,490 | 0 | 0 |