National Speleological Foundation’s August 31,1999
Financial Statement for NSS Trust Funds

Table of Contents:

NSS Life Member Fund
NSS Ralph W. Stone Research Fund
NSS Awards Fund
NSS Headquarters Fund
NSS Cave Preserve Fund
NSS Vandal Det. Reward Fund
NSS International Support Fund
NSS News Photo Endowment Fund
NSS Stephenson 50 Fund
NSS Sara Corrie Fund
NSS Holding Fund
NSS Endowment Fund
NSS Publications Fund

FUND: NSS Life Member
 
  04/30/99   REINVESTED UNREALIZED 08/31/99

HOLDINGS
START
BUY/SELL
INCOME		 CAP. GAIN
GAIN/LOSS
VALUE
Acorn $ 105,008   $ 179 $ 1,135 $ 4,545 $ 110,688
Acorn USA $ 43,927   $ 120   $ 1,982 $ 45,909
Fid. G&I $ 120,522   $ 252   $ (2,721) $ 117,800
TRP Eq. Inc. $ 63,300   $ 309   $ (2,043) $ 61,257
TRP New Horz.
$ 15,844 		     
$ 1,097
$ 16,941
TRP New Inc.
$ 38,177
$ (37,658)
$ 260 		 
$ (519)
$ (0)
Vang. LT Bd $ 229,719 $ 18,153 $ 5,071   $ (9,658) $ 238,214
Vang. ST Bd $ 84,889   $ 1,746   $ 83 $ 84,972
WMIF $ 318,525   $ 1,308   $ (13,927) $ 304,597
Checking $ (337) $ 475       $ 137
Totals $ 1,019,572 $ (19,030) $ 9,246 $ 1,135 $ (30,408) $ 980,516
        Available @ 5.5%:  
Received   $ 14,000   "Net Income":    
Paid   $ 33,030   Payable :  
Expenses       Note: Dues payment '99 33,030.00
        Transfer to Pubilcation Fd  
        Transfer to Endowment  
  Approximate
Total Return:		      
33,030.00
 
  Income Statement Year End August 31, 1999    
          Received /NSS  
Public Support - Contribution:  
$ 14,000.20 		 
06/21/99
14,000.20
Revenue:           14,000.20
  Dividend   9,245.94      
  Interest          
  Realized Capital Gains 1,134.90      
Total Public Support & Revenue   $ 24,381.04      
 
Expenses:            
  Affiliated Payments  
$ 33,030.00 		     
  Awards          
  Management & General -      
Total     $ 33,030.00      
 
Excess of Public Support & Revenue          
over Expenses, before Unrealized          
Appreciation of Investments:  
$ (8,648.96)		      
 
Unrealized Appreciation of Investments:  
$ (30,407.65)		      
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses:  
$ (39,056.61)		      

 

FUND: NSS Stone Research Fund        
 
               
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Fid. G&I $ 24,626   $ 52   $ (608) $ 24,070 19%
TRP Eq. Inc. 23,508   115   $ (873) 22,750 18%
TRP New Inc. 2,676 (750) 20   $ (67) 1,878 1%
Vang. LT Bd 25,400 5,000 543   $ (1,591) 29,353 23%
WMIF 50,485 (5,000) 207   $ 2,585 48,277 38%
Checking (16) 60       44 0%
Totals $ 126,678 $ (690) $ 937 $ - $ (553) $ 126,372 100%
 
        1998 Balance      
        1999 Value:      
Received   $ 60.00   5.5%:      
Paid   $ 750.00          
Expenses       Available for 1999-2000 10574  
          paid -750  
          available 9824  
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ 60.00        
Revenue:              
  Dividend   936.82        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 996.82        
               
Expenses:              
  Affiliated Payments $ 750.00        
  Awards            
  Management & General -        
Total     $ 750.00        
               
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 246.82        
 
Unrealized Appreciation of Investments: $ (553.13)        
 
Excess of Public Support, Revenue andUnrealized Appreciation over Expenses: $ (306.31)        

 

FUND: NSS Awards Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
TRP Eq. Inc. $ 2,315   $ 11   $ (86) $ 2,240

30%
Vang. G&I 2,701   13   $ 382 3,096

42%
Vang. LT Bd 3,218   66   $ (199) 3,086

41%
Checking (1,003) 35       (968)

-13%
Totals $ 7,230 $ 35 $ 90 $ - $ 98 $ 7,453

100%
 
          Bicking Hauer

Mitchell
Received   35   Start Value $ 3,900 $ 1,379

$ 1,955

Paid       Contributions $ 35    
Expenses       1999 Awards $ 210 $ 75

$ 105

        Expense      
        -----------------------------------------------------------  
        End Value      
        5.50%      
        "Net Income"      
Approximate Total Return:            
        1999 Award $ - $ -

$ -

 
  Income Statement Year End August 31, 1999      
          Note: Award is higher of Net Income or  
Public Support - Contribution:   $ 35.00   5.5% of year end value, rounded down  
Revenue:         to next multiple of $5.    
  Dividend   90.24        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 125.24        
               
Expenses:              
  Affiliated Payments          
  Awards   -        
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue over Expenses, before Unrealized Appreciation of Investments:   $ 125.24        
 
Unrealized Appreciation of Investments: $ 97.58        
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses: $ 222.82        

 

FUND: NSS Headquarters      
 
 

04/30/99

  

REINVESTED

 UNREALIZED

08/31/99

  
HOLDINGS

START

BUY/SELL

INCOME

CAP. GAIN

GAIN/LOSS

VALUE

 % VALUE
Acorn

$ 9,374

 

$ 16

103

$ 507

$ 9,999

8%
Acorn USA

9,442

   

26

$ 400

9,868

8%
TRP Eq. Inc.

25,529

 

125

 

$ (949)

24,705

20%
TRP New Inc.

7,206

 

108

 

$ (245)

7,068

6%
Vang. G&I

-

20,000

   

$ (586)

19,414

16%
Vang. LT Bd

29,959

 

641

 

$ (1,876)

28,724

24%
Checking

40,766

(19,905)

      

20,861

17%
Totals

$ 122,276

$ 95

$ 890

$ 128

$ (2,749)

$ 120,640

100%
 
Received  

$ 95.00

  All income is reinvested. Moneys are available upon  
Paid       request by the NSS Treasurer.    
Expenses              
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999      
 
Public Support - Contribution:  

$ 95.00

       
Revenue:              
  Dividend  

889.69

       
  Interest            
  Realized Capital Gains

128.38

       
Total Public Support & Revenue  

$ 1,113.07

       
 
Expenses:              
  Affiliated Payments  

$ -

       
  Awards            
  Management & General

-

       
Total    

$ -

       
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:  

$ 1,113.07

       
 
Unrealized Appreciation of Investments:  

$ (2,748.95)

        
 
Excess of Public Support, Revenue and            
Unrealized Appreciation over Expenses:  

(1,635.88)

        

 

FUND: NSS Cave Preserve Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Vang. G&I $ 9,002   $ 43   $ 1,275 $ 10,320 20%
Vang. LT Bd 15,900   340   $ (996) 15,245 30%
WMIF 25,713   106   $ (1,230) 24,589 48%
Checking (25) 590       565 1%
Totals $ 50,591 $ 590 $ 488 $ - $ (951) $ 50,719 100%
 
        Available at 5.5%: $ 2,789.54  
        Net Income:   $ 1,449.00  
Received   $ 620.00          
Paid   $ 29.61          
Expenses              
 
      Greater amount [$2,784] is payable upon request no later    
      than Oct. 31, 1998, to reimburse eligible expenditures incurred by the  
      NSS during its fiscal year ended 4/30/98. Any reminder is reinvested.  
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999      
 
Public Support - Contribution:   $ 620.00        
Revenue:              
  Dividend   488.33        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 1,108.33        
 
Expenses:              
  Affiliated Payments   $ 29.61        
  Awards            
  Management & General -        
Total     $ 29.61        
               
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 1,078.72        
 
Unrealized Appreciation of Investments: $ (950.86)        
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses: $ 127.86        

 

FUND: NSS Vandal Det. Reward Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
TRP Eq. Inc. $ 5,861   $ 38   $ (227) $ 5,672 59%
Vang. G&I $ - $ 3,000     $ (88) $ 2,912 30%
Checking 4,044 (2,978)       1,067 11%
Totals $ 9,906 $ 23 $ 38 $ - $ (315) $ 9,651 100%
 
Received   $ 22.50   All income is reinvested. Accumulated income and  
Paid       principal are available to fund reward payments.  
Expenses              
               
               
               
Approximate Total Return:            
               
               
               
               
               
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ 22.50        
Revenue:              
  Dividend   38.35        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 60.85        
 
Expenses:              
  Affiliated Payments $ -        
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 60.85        
 
Unrealized Appreciation of Investments: $ (315.41)        
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses: $ (254.56)        

 

FUND: NSS International Support Fund    
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Acorn $ 9,526   $ 16 $ 103 $ 396 $ 10,042 21%
Vang. G&I 7,202   34   $ 1,020 8,256 18%
Vang. LT Bd 12,309   263   $ (771) 11,801 25%
WMIF 17,772   73   $ (850) 16,995 36%
Checking (42)         (42) 0%
Totals $ 46,767 $ - $ 387 103 $ (205) $ 47,052 100%
 
Received $ -            
Paid              
Expenses              
      Available for expenditure: $ 3,517    
 
      *Net income and Capital gains distributions available    
      until Fall BOG meeting, otherwise reinvested.    
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ -        
Revenue:              
  Dividend   386.63        
  Interest            
  Realized Capital Gains 102.96        
Total Public Support & Revenue   $ 489.59        
 
Expenses:              
  Affiliated Payments   $ -        
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 489.59        
 
Unrealized Appreciation of Investments:   $ (204.95)        
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses: $ 284.64        

 

FUND: NSS News Photo Endowment      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Acorn $ 5,198   $ 9 $ 56 $ 216 $ 5,480 14%
Janus Worldw   $ 3,000     $ 5 $ 3,005 8%
Vang. G&I 11,703   55   $ 1,657 13,416 35%
Vang. LT Bd 13,893 (4,166) 280   $ (808) 9,199 24%
WMIF 5,592   23   $ (267) 5,347 14%
Checking 1,374 150       1,524 4%
Totals $ 37,761 $ (1,016) $ 367 $ 56 $ 803 $ 37,971 100%
 
Received   $ 150.00          
Paid   $ 1,166.00          
Expenses         Net Income is paid annually  
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
               
Public Support - Contribution:   $ 150.00        
Revenue:              
  Dividend   367.01        
  Interest            
  Realized Capital Gains 56.18        
Total Public Support & Revenue   $ 573.19        
 
Expenses:              
  Affiliated Payments   $ 1,166.00        
  Awards            
  Management & General -        
Total     $ 1,166.00        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ (592.81)        
 
Unrealized Appreciation of Investments: $ 802.86        
 
Excess of Public Support, Revenue and          
Unrealized Appreciation over Expenses: $ 210.05        

 

FUND: NSS Stephenson 50 Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Acorn USA $ 3,211     $ 9 $ 136 $ 3,356 29%
WMIF 8,572   35   $ (410) 8,197 71%
Checking (12)         (12) 0%
Totals $ 11,770 $ - $ 35 $ 9 $ (274) $ 11,540 100%
               
 
Received $ -     All income and appreciation    
Paid $ -     to be reinvested until 2035    
Expenses              
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999  
 
Public Support - Contribution:   $ -        
Revenue:              
  Dividend   35.20        
  Interest            
  Realized Capital Gains 8.80        
Total Public Support & Revenue   $ 44.00        
 
Expenses:              
  Affiliated Payments $ -        
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 44.00        
 
Unrealized Appreciation of Investments: $ (273.98)        
 
Excess of Public Support, Revenue and Unrealized Appreciation over Expenses: $ (229.98)        

 

FUND: NSS Sara Corrie Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Acorn $ 10,198   $ 17 $ 110 $ 431 $ 10,757 28%
Fid. G&I 13,504   28   $ (333) 13,199 35%
Vang. LT Bd 10,036 (500) 209   $ (617) 9,128 24%
WMIF 5,592   23   $ (267) 5,347 14%
Checking (549) 55       (494) -1%
Totals $ 38,781 $ (445) $ 278 $ 110 $ (787) $ 37,937 100%
 
        Unexpended from 1998-99   460
        "Net Income"     755.00
Received   $ 55.00         $ 1,215.00
Paid   $ 500.00         (500.00)
Expenses       Available     $ 715.00
 
          Received Date  
          55.00 06/21/99  
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ 55.00        
Revenue:              
  Dividend   277.73        
  Interest            
  Realized Capital Gains 110.22        
Total Public Support & Revenue   $ 442.95        
 
Expenses:              
  Affiliated Payments   $ 500.00        
  Awards            
  Management & General -        
Total     $ 500.00        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ (57.05)        
 
Unrealized Appreciation of Investments: $ (787.25)        
 
Excess of Public Support, Revenue and Unrealized Appreciation over Expenses: $ (844.30)        

 

FUND: NSS Holding Fund    
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
TRP Eq. Inc. $ 15,441   $ 75   $ (574) $ 14,943 17%
Vang. G&I 18,005   85   $ 2,549 20,639 24%
Vang. LT Bd 31,787   680   $ (1,991) 30,477 35%
WMIF 11,184   46   $ (535) 10,695 12%
Checking 152 10,660       10,811 12%
Totals $ 76,568 $ 10,660 $ 887 $ - $ (550) $ 87,565 100%
 
Received $ 10,659.62     This fund is an omnibus account for a number of  
Paid       NSS Restricted Funds. Moneys are basically  
Expenses       available upon request from NSS Treasurer.  
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ 10,659.62        
Revenue:              
  Dividend   886.56        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 11,546.18        
 
Expenses:              
  Affiliated Payments   $ -        
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 11,546.18        
 
Unrealized Appreciation of Investments: $ (549.70)        
 
Excess of Public Support, Revenue and Unrealized Appreciation over Expenses: $ 10,996.48        

 

FUND: NSS Endowment Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Acorn $ 6,573   $ 11 $ 71 $ 273 $ 6,929 14%
Janus Worldw   $ 5,000     $ (46) $ 4,954 10%
TRP Eq. Inc. 12,041   -   $ (389) 11,653 24%
Vang. G&I 9,903   -   $ 1,449 11,352 23%
WMIF 14,805   -   $ (647) 14,158 29%
Checking 5,116 (4,674)       442 1%
Totals $ 48,439 $ 326 $ 11 71 $ 640 $ 49,487 100%
 
Received   $ 326.00   Funds to accumulate until further    
Paid   $ -   instructions received from NSS Board.    
Expenses       Initial funds were received 10/20/97.    
 
        $25,000 was moved from NSS Life Member  
Approximate Total Return:   (6 months) fund by BOG action    
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ 326.00        
Revenue:              
  Dividend   11.22        
  Interest            
  Realized Capital Gains 71.04        
Total Public Support & Revenue   $ 408.26        
 
Expenses:     $ -        
  Affiliated Payments            
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 408.26        
 
Unrealized Appreciation of Investments: $ 640.08        
 
Excess of Public Support, Revenue and Unrealized Appreciation over Expenses: $ 1,048.34        

 

FUND: NSS Publications Fund      
 
  04/30/99   REINVESTED UNREALIZED 08/31/99  
HOLDINGS START BUY/SELL INCOME CAP. GAIN GAIN/LOSS VALUE % VALUE
Vang. LT Bd 29,781   637   $ (1,865) 28,553 27%
Vang. MMF 30,754   606   $ 0 31,360 30%
WMIF 47,683   196   $ (2,281) 45,598 43%
Checking (52)         (52) 0%
Totals $ 108,166 $ - $ 1,438 - $ (4,146) $ 105,459 100%
 
  opened 9/98          
 
Received              
Paid   $ -          
Expenses   $ -          
               
 
Approximate Total Return:            
 
  Income Statement Year End August 31, 1999    
 
Public Support - Contribution:   $ -        
Revenue:              
  Dividend   1,438.45        
  Interest            
  Realized Capital Gains -        
Total Public Support & Revenue   $ 1,438.45        
 
Expenses:     $ -        
  Affiliated Payments            
  Awards            
  Management & General -        
Total     $ -        
 
Excess of Public Support & Revenue            
over Expenses, before Unrealized            
Appreciation of Investments:   $ 1,438.45        
 
Unrealized Appreciation of Investments: $ (4,145.56)        
 
Excess of Public Support, Revenue and Unrealized Appreciation over Expenses: $ (2,707.11)