| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 5,147 | 2,574 | 0 | 2,576 |
| ADP Payroll Service | 1,611 | 805 | 0 | 806 |
| Paypal Fee | 9 | 9 | 0 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| Building | 1995-02-01 | 25,812 | 16,912 | 85 | 3.64 % | 939 | 939 | ||
| Building | 1989-01-01 | 37,086 | 31,692 | 85 | 3.64 % | 1,348 | 1,348 | ||
| Building | 1994-12-31 | 49,740 | 32,562 | 85 | 3.64 % | 1,809 | 1,809 | ||
| Building | 1996-02-01 | 235,000 | 145,630 | 85 | 3.64 % | 8,547 | 8,547 | ||
| Building | 1994-12-31 | 91,164 | 59,675 | 85 | 3.64 % | 3,315 | 3,315 | ||
| Building | 1995-03-15 | 70,597 | 46,104 | 85 | 3.64 % | 2,567 | 2,567 | ||
| Building | 1994-12-31 | 55,928 | 36,612 | 85 | 3.64 % | 2,034 | 2,034 | ||
| Improvements | 1996-07-01 | 6,868 | 4,347 | 85 | 3.64 % | 250 | 250 | ||
| Building | 1999-07-06 | 57,848 | 20,206 | 87 | 2.56 % | 1,483 | 1,483 | ||
| Building A | 1999-03-01 | 53,306 | 19,081 | 87 | 2.56 % | 1,367 | 1,367 | ||
| Building B | 2000-03-01 | 117,887 | 39,177 | 87 | 2.56 % | 3,023 | 3,023 | ||
| Building C | 2000-03-01 | 171,193 | 56,881 | 87 | 2.56 % | 4,389 | 4,389 | ||
| New Building | 2001-08-01 | 15,949 | 4,721 | 87 | 2.56 % | 409 | 409 | ||
| Buildings | 2001-08-01 | 1,861,858 | 550,902 | 87 | 2.56 % | 47,738 | 47,738 | ||
| Building Improvements | 2002-08-01 | 84,054 | 22,719 | 87 | 2.56 % | 2,155 | 2,155 | ||
| Building Improvements | 2003-08-01 | 798 | 272 | 85 | 3.64 % | 29 | 29 | ||
| Fire Walls # 301,302,209, | 2004-04-08 | 3,200 | 728 | 87 | 2.56 % | 82 | 82 | ||
| Wall | 2004-03-25 | 100 | 26 | 87 | 2.56 % | 3 | 3 | ||
| Storm Drain | 2005-09-27 | 4,992 | 955 | 87 | 2.56 % | 128 | 128 | ||
| Wall unit 105 & 106 | 2006-07-01 | 1,350 | 232 | 87 | 2.56 % | 35 | 35 | ||
| Laptop | 2008-06-27 | 1,607 | 1,514 | 53 | 5.76 % | 93 | 93 | ||
| Blackberry phone | 2008-09-16 | 168 | 158 | 53 | 5.76 % | 10 | 10 | ||
| Web cam | 2008-11-06 | 60 | 57 | 53 | 5.76 % | 3 | 3 | ||
| Laptop | 2008-11-18 | 400 | 377 | 53 | 5.76 % | 23 | 23 | ||
| Laptop | 2008-11-21 | 320 | 301 | 53 | 5.76 % | 19 | 19 | ||
| Stove | 2009-03-05 | 415 | 364 | 53 | 11.01 % | 46 | 46 | ||
| Dishwasher | 2009-12-22 | 410 | 326 | 53 | 10.94 % | 45 | 45 | ||
| Siding Glass & Windows | 2009-12-22 | 548 | 435 | 53 | 10.94 % | 60 | 60 | ||
| Roof | 2010-01-12 | 1,562 | 178 | 85 | 3.64 % | 57 | 57 | ||
| Refrigerator | 2010-01-22 | 250 | 207 | 53 | 10.94 % | 27 | 27 | ||
| Refrigerator | 2009-12-07 | 150 | 120 | 53 | 10.94 % | 16 | 16 | ||
| Sliding Glass Door | 2009-10-27 | 351 | 44 | 85 | 3.64 % | 13 | 13 | ||
| Windows | 2009-11-25 | 1,140 | 135 | 85 | 3.64 % | 41 | 41 | ||
| Riding Lawnmower | 2009-06-18 | 600 | 506 | 53 | 11.37 % | 68 | |||
| Improvements Ash Creek | 2009-12-31 | 402 | 261 | 57 | 10.04 % | 40 | 40 | ||
| Stove | 2010-07-06 | 421 | 300 | 53 | 11.52 % | 48 | 48 | ||
| Furnace | 2010-10-26 | 1,102 | 95 | 85 | 3.64 % | 40 | 40 | ||
| Furnace | 2010-11-09 | 1,100 | 92 | 85 | 3.64 % | 40 | 40 | ||
| Garage Doors | 2010-12-21 | 588 | 46 | 85 | 3.64 % | 21 | 21 | ||
| Dishwasher | 2011-01-11 | 353 | 210 | 53 | 11.52 % | 41 | 41 | ||
| Heating unit | 2010-08-01 | 947 | 533 | 57 | 12.49 % | 118 | 118 | ||
| Computer Monitor | 2010-12-02 | 149 | 107 | 53 | 11.52 % | 17 | |||
| Printer | 2010-12-02 | 79 | 56 | 53 | 11.52 % | 9 | |||
| Vaccum Cleaner | 2011-01-18 | 249 | 148 | 53 | 11.52 % | 29 | |||
| Ash Cr. Water heater | 2010-04-22 | 583 | 328 | 57 | 12.49 % | 73 | 73 | ||
| DISHWASHER | 2011-06-23 | 292 | 161 | 53 | 18.00 % | 53 | 53 | ||
| REFRIGERATOR | 2011-11-15 | 400 | 156 | 53 | 20.40 % | 82 | 82 | ||
| DISHWASHER | 2012-01-05 | 234 | 75 | 53 | 19.20 % | 45 | 45 | ||
| FAX/PRINTER/SCANNER | 2011-03-29 | 100 | 61 | 53 | 15.60 % | 16 | |||
| SHREDDER | 2011-05-24 | 70 | 36 | 53 | 15.60 % | 11 | |||
| IPAD(S) - 2 | 2011-10-18 | 1,303 | 508 | 53 | 20.40 % | 266 | |||
| IPAD | 2012-01-19 | 616 | 197 | 53 | 19.20 % | 118 | |||
| LAPTOP | 2011-12-22 | 480 | 206 | 53 | 22.80 % | 109 | |||
| Dryer | 2012-10-23 | 611 | 92 | 53 | 34.00 % | 208 | 208 | ||
| Computer | 2012-06-07 | 1,323 | 551 | 34 | 38.89 % | 515 | |||
| Laptop Computer | 2012-09-20 | 730 | 183 | 34 | 50.00 % | 365 | |||
| Cell Phones (2) | 2012-10-25 | 407 | 102 | 34 | 50.00 % | 204 | |||
| I-Pads (3) | 2013-02-21 | 3,621 | 302 | 34 | 61.11 % | 2,213 | |||
| Utility Trailer | 2012-08-01 | 900 | 161 | 57 | 23.47 % | 211 | |||
| Lawnmower | 2012-08-01 | 299 | 53 | 57 | 23.47 % | 70 | |||
| Powersaw | 2012-08-01 | 300 | 54 | 57 | 23.47 % | 70 | |||
| Hot Water Heater | 2013-11-12 | 788 | 57 | 14.29 % | 113 | 113 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | STATEMENT RE: PART X, LINE 1CIT IS THE TAXPAYER'S POSITION THAT THE TOTAL FAIR MARKET VALUE OF THE REAL ESTATE ASSETS HELD BY THE FOUNDATION DOES NOT EXCEED THE TOTAL COST OF THE REAL ESTATE ASSETS. THEREFORE THE COST BASIS HAS BEEN USED ON LINE 1C AS THE FAIR MARKET VALUE. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Artisan Mid Cap Value Fund (ARTQX) | 29,697 | 35,137 |
| Artisan Int'l Value Fund (ARTKX) | 15,052 | 17,721 |
| Calamos Int'l Growth (CIGIX) | 17,905 | 20,245 |
| Columbia Dividend Oppo Z (CDOZX) | 29,400 | 33,065 |
| Invesco Develop Markets Fund (GTDYX) | 18,280 | 16,733 |
| Janus Triton Fund (JSMGX) | ||
| JP Morgan Behavioral Value (UBVLX) | 25,206 | 33,185 |
| Lord Abbett Int'l Div Income (LAIDX) | 10,067 | 10,726 |
| Metropolitan West Total Return (MWTIX) | ||
| Oakmark Int'l Fund (OAKIX) | 16,184 | 19,735 |
| Pimco Low Duration Fund (PTLDX) | 15,834 | 15,640 |
| Primecap Odyssey Funds (POGRX) | 45,993 | 63,344 |
| Primecap Odyssey Aggr Growth (POAGX) | 29,193 | 44,646 |
| Primecap Odyssey Stock Fund (POSKX) | 42,538 | 54,114 |
| Profession Mgd Becker Value (BVEFX) | 27,428 | 32,950 |
| T Rowe Price New Horizons (PRNHX) | 31,144 | 38,413 |
| Wasatch Int'l Opportunities (WAIOX) | 14,721 | 16,263 |
| Foreside Auxier Focus Fund (AUXFX) | 20,163 | 22,317 |
| Lord Abbett Ltd Durantion USG (LLDYX) | 25,290 | 24,940 |
| Lord Abbett Bond Debenture (LBNYX) | 16,348 | 16,504 |
| Metro West Low Duration Bond | 26,003 | 25,957 |
| Pimco Total Return Fund (PTTRX) | ||
| Pimco All Assett All Auth Fund (PAUIX) | 7,860 | 7,085 |
| Pimco Invest Group Corp Bond | 7,792 | 7,277 |
| Templeton Global Bond Advisor (TGBAX) | 11,351 | 10,928 |
| Artisan Global Value (ARTGX) | 18,336 | 19,507 |
| Alps Vulcan Value Ptnrs (VVPLX) | 15,520 | 17,413 |
| American Realty Cap (ARCPP) | 50,804 | 53,486 |
| American Realty Cap (ARCP) | 28,732 | 30,496 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 4,165,905 | 1,264,088 | 2,901,817 | 4,161,905 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Howard Island | AT COST | ||
| HWY 217 Flood Plain | AT COST | 1,361,432 | 1,361,432 |
| Improvements HWY 217 | AT COST | 93,358 | 93,358 |
| Mikkelson LID Land | AT COST | 203,235 | 203,235 |
| 8811 SW Spruce Lot 1300 | AT COST | 3,089 | 3,089 |
| My Shop Comm | AT COST | 19,200 | 19,200 |
| OAK ST LOT | AT COST | 220,000 | 220,000 |
| 10225 SW N DAKOTA LOT | AT COST | 189,313 | 189,313 |
| EC Group Int'l | AT COST | 5,880 | 5,880 |
| G2,LLC | AT COST |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 21,523 | 18,421 | 3,102 | 3,102 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| General | 17,631 | 17,631 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | WV Lot 1 -LID |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | Key Bank |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Rounding | 1 |
| Description | Amount |
|---|---|
| Federal Taxes | 12,177 |
| Meals & Ent 50% disallowed | 3,327 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank charges | 2,851 | 2,851 | ||
| Business Meals @ 50% | 3,327 | 3,327 | ||
| Contract Labor | 1,916 | 1,916 | ||
| Credit card recovery | -62 | -62 | ||
| Database | 200 | 200 | ||
| Employee enrichment | 222 | 222 | ||
| Flood Plain Develop/Survey | 48,870 | 48,870 | ||
| Flood Plain Maint | 10,482 | 10,482 | ||
| Hospitality | 3,498 | 3,498 | ||
| Insurance | 3,239 | 3,239 | ||
| Internet Expense | 1,384 | 1,384 | ||
| Miscellaneous | 10 | 10 | ||
| Miscellaneous - VFV | 1,230 | 1,230 | ||
| Missionary Promotion | 2,355 | 2,355 | ||
| N Dakota Lot Develop/Closing | 10,010 | 10,010 | ||
| N Dakota Lot Maint | 4,006 | 4,006 | ||
| Newsletters | 1,000 | 1,000 | ||
| Office Supplies | 10,290 | 10,290 | ||
| Rental Expenses | 104,636 | 104,636 | ||
| Telephone | 4,197 | 4,197 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Handling Fees | 2,759 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Refundable Rent Deposits | 42,184 | 43,943 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EC Group International | investor in borrower | 33,485 | 33,485 | 2005-07 | 2009-12 | Monthly payments 2350 | 800.00 % | None | Business Cash Flow | Cash | 33,485 |
| EC Group International | investor in borrower | 30,000 | 13,302 | 2005-01 | 2005-10 | On Demand | 800.00 % | None | Business Cash Flow | Cash | 13,302 |
| EC Group International | investor in borrower | 10,120 | 10,120 | 2005-12 | 2009-03 | Monthly payments 843.55 | 800.00 % | None | Business Cash Flow | Cash | 10,120 |
| Tom Ashlock | None | 14,000 | 14,000 | 2003-05 | 1999-09 | On Demand | 1000.00 % | None | Business Cash Flow | Cash | 14,000 |
| Sudyk Datasoft | None | 12,000 | 12,000 | 2006-06 | 2006-06 | On Demand | 0 % | None | Business Cash Flow | Cash | 12,000 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
Howard Island |
20,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Consulting Fee | 4,197 | 4,197 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Taxes | 10,434 | 5,217 | 5,217 | |
| Real Estate Taxes Flood Plain | 3,830 | 3,830 | ||
| Real Estate Taxes N Dakota Lot | 376 | 376 | ||
| Real Estate Taxes Oak St Lot | 2,078 | 2,078 | ||
| Taxes & Licenses (653) | 852 | 852 |