| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREP FEES | 6,500 | 0 | 0 | 6,500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| RANCH IMPROVEMENT-BSA/GSA | 2014-06-30 | 87,221 | 20,352 | SL | 15.0000 | 5,815 | |||
| RANCH EQUIPMENT | 2017-09-05 | 8,199 | 547 | SL | 5.0000 | 1,640 | |||
| RESIDENTIAL RENTAL | 2017-12-31 | 27,000 | SL | 3.64 % | 982 | ||||
| RESIDENTIAL RENTAL IMPVMT | 2018-12-31 | 42,262 | SL | 0.15 % | 64 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 4,203,355 | 4,107,474 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCK | 11,377,630 | 10,257,311 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 8,199 | 2,187 | 6,012 | 6,012 |
| Buildings | 69,262 | 1,046 | 68,216 | 68,216 |
| Improvements | 87,221 | 26,167 | 61,054 | 61,054 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ALTERNATIVE INVESMENTS | AT COST | 1,981 | 3,273 |
| PARTNERSHIPS | AT COST |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land | 15,450,580 | 15,450,580 | 34,300,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,627 | 0 | 0 | 3,627 |
| Item No. | 1 |
|---|---|
| Lender's Name | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 453,379 |
| Balance Due | 61,959 |
| 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 | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 453,379 |
| Balance Due | 61,959 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 453,379 |
| Balance Due | 61,959 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 4 |
|---|---|
| Lender's Name | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 349,583 |
| Balance Due | 47,774 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 5 |
|---|---|
| Lender's Name | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 548,040 |
| Balance Due | 74,895 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 6 |
|---|---|
| Lender's Name | PROMISSORY NOTE |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 608,800 |
| Balance Due | 83,198 |
| 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 |
|---|---|---|---|
| O&G ROYALTIES | 5 | 5 | 5 |
| PERSONAL PROPERTY RANCH | 49,000 | 49,000 | 49,000 |
| RANCH CAPITAL IMPROVEMENTS | 7,044,006 | 7,044,006 | 7,044,006 |
| Description | Amount |
|---|---|
| COST BASIS ADJUSTMENTS | 1,510 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE EXPENSE | 562 | 562 | ||
| AUTO INSURANCE | 7,287 | 7,287 | ||
| BANK CHARGES | 5,000 | 5,000 | ||
| CONTRACT LABOR | 100 | 100 | ||
| CSFR PRIVATE INVESTORS K-1 | 507 | 507 | ||
| FARM FEED PURCHASED | 20,765 | 20,765 | ||
| FARM GASOLINE & FUEL | 24,534 | 24,534 | ||
| FARM INSURANCE | 202,510 | 202,510 | ||
| FARM MISCELLANEOUS | 2,315 | 2,315 | ||
| FARM OTHER EXPENSE | 958 | 958 | ||
| FARM PASTURE RENT | 12,848 | 12,848 | ||
| FARM PROPERTY MGT FEES | 24,000 | 24,000 | ||
| FARM REAL ESTATE TAX | 20,741 | 20,741 | ||
| FARM REPAIRS & MAINTENANCE | 50,807 | 50,807 | ||
| FARM SUPPLIES | 43,382 | 43,382 | ||
| FARM UTILITIES | 60,186 | 60,186 | ||
| OTHER ROYALTY EXPENSE | 34 | 34 | 34 | |
| OTHER ROYALTY EXPENSE | 4 | 4 | 4 | |
| PAYROLL EXPENSE | 7,972 | 7,972 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTIES | 8,511 | 8,511 | 8,511 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 75,063 | 0 | 0 | 75,063 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX PAID | 83,428 | |||
| FOREIGN TAXES PAID | 11,006 | 11,006 | 11,006 | |
| PAYROLL TAXES | 31,443 | 31,443 |