| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND OTHER FEES | 3,080 | 2,330 | 750 |
| Person Name | Explanation |
|---|---|
| GEORGE LARSON | |
| VERNON JOHNSON | |
| NELDA OLSON | |
| EUNA NELSON | |
| JOHN HANSON | |
| LYLE SANSTEAD | |
| VIRGINIA NELSON | |
| CAROLYN ANDERSON | |
| PATRICIA NITZ |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 19,305 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BREMER ACCOUNT | 299,559 | 298,925 |
| SECURIAN TRUST CO. ENDOWMENT | 306,637 | 338,857 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TEXTRON | 11,150 | 14,704 |
| CHEVRON | 4,227 | 17,862 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OIL WELL INTERESTS | AT COST | 152,117 | 268,253 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS AND EQUIPMENT | 394,767 | 137,157 | 257,610 | 257,608 |
| OIL TANGIBLE EQUIPMENT | 57,633 | 40,960 | 16,673 | 16,675 |
| LOT | 14,500 | 14,500 | 14,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 681 | 681 | ||
| SUPPLIES | 1,781 | 1,781 | ||
| CONTRACT LABOR | 3,353 | 3,353 | ||
| INSURANCE | 4,038 | 4,038 | ||
| MISCELLANEOUS | 168 | 168 | ||
| OFFICE EXPENSE | 1,832 | 366 | 1,466 | |
| DUES | 449 | 449 | ||
| FEES | 35 | 35 | ||
| MAINTENANCE | 1,287 | 1,287 | ||
| COMMISSIONS | 12,177 | 12,177 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL ROYALTIES | 76,784 | 76,784 | |
| LESS TAX AND OTHER | -10,890 | -10,890 | |
| OIL WORKING INT-IL(INHERITED) | 77,591 | ||
| OIL WORKING INT (INHERITED) | 13,035 | ||
| LESS OPERATING EXPENSE | -31,834 | ||
| LESS COST DEPLETION | -13,594 | ||
| LESS ACCOUNTING -ILLINOIS | -770 | ||
| LESS ILLINOIS TAX | -5,851 | ||
| UTAH STATE TAX REFUND | 915 | 915 | |
| FEDERAL TAX REFUND | 447 | 447 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 180 | 123 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL AND CONSULTANT FEES | 501 | 50 | 451 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 906 | 91 | 815 | |
| FEDERAL INCOME TAX | 8,729 | |||
| REAL ESTATE TAXES | 2,018 |