Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE LULING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)523 MULBERRY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LULING, TX78648
A Employer identification number

74-1143102
B Telephone number (see instructions)

(830) 875-2438
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$20,529,867J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 60,065
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 45,712 45,712 45,712
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 45,686
b Gross sales price for all assets on line 6a 232,152
7 Capital gain net income (from Part IV, line 2)... 45,686
8 Net short-term capital gain......... 179
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 799,548 78,703 799,548
12 Total. Add lines 1 through 11........ 951,011 170,101 845,439
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 117,000 23,400 59,670 33,930
14 Other employee salaries and wages...... 99,182   90,208 8,974
15 Pension plans, employee benefits....... 39,691 4,297 32,191 3,203
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,995 2,399 8,728 868
c Other professional fees (attach schedule)....        
17 Interest............... 8,390   7,631 759
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,944 4,825    
19 Depreciation (attach schedule) and depletion... Click to see attachment 209,594 19,603 176,504
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 73 15 53 5
23 Other expenses (attach schedule)....... Click to see attachment 520,663 35,090 441,637 43,936
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,012,532 89,629 816,622 91,675
25 Contributions, gifts, grants paid....... 19,000 19,000
26 Total expenses and disbursements. Add lines 24 and 25 1,031,532 89,629 816,622 110,675
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -80,521
b Net investment income (if negative, enter -0-) 80,472
c Adjusted net income (if negative, enter -0-)... 28,817
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 22,683 108,897 108,897
2 Savings and temporary cash investments......... 91,589 30,118 30,118
3 Accounts receivable bullet1,165
Less: allowance for doubtful accounts bullet   2 1,165 1,165
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 1,265 1,265 1,265
9 Prepaid expenses and deferred charges.......... 27,579 32,798 32,798
10a Investments—U.S. and state government obligations (attach schedule) 19 Click to see attachment15 15
b Investments—corporate stock (attach schedule)....... 244,935 Click to see attachment320,183 320,183
c Investments—corporate bonds (attach schedule)....... 57,126 Click to see attachment59,632 59,632
11 Investments—land, buildings, and equipment: basis bullet501,310
Less: accumulated depreciation (attach schedule) bullet   501,310 Click to see attachment501,310 1,208,090
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,219,381 Click to see attachment2,466,660 2,489,158
14 Land, buildings, and equipment: basis bullet7,095,798
Less: accumulated depreciation (attach schedule) bullet2,054,360 5,239,034 Click to see attachment5,041,438 16,278,546
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,404,923 8,563,481 20,529,867
Liabilities 17 Accounts payable and accrued expenses.......... 5,547 2,265
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 194,063 Click to see attachment163,758
22 Other liabilities (describe bullet) Click to see attachment2,917 Click to see attachment18,546
23 Total liabilities (add lines 17 through 22)......... 202,527 184,569
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 7,979,786 8,144,427
25 Net assets with donor restrictions............ 222,610 234,485
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,202,396 8,378,912
30 Total liabilities and net assets/fund balances (see instructions). 8,404,923 8,563,481
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,202,396
2
Enter amount from Part I, line 27a .....................
2
-80,521
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
257,037
4
Add lines 1, 2, and 3 ..........................
4
8,378,912
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,378,912
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 16,991   16,812 179
b 165,492   169,654 -4,162
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       179
b       -4,162
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 45,686
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 179
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,119
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,119
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,119
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,277
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,277
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,158
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,158 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.LULINGFOUNDATION.ORG
    14
    The books are in care ofbulletBONNIE DREDLA Telephone no.bullet (830) 875-2438

    Located atbullet523 MULBERRYLULINGTX ZIP+4bullet78648
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BONNIE DREDLA OFFICE MGR
    000.00     		45,000 0 0
    523 MULBERRY
    LULING,TX78648
    MICHAEL KUCK MANAGER
    000.00     		72,000 0 0
    523 S MULBERRY
    LULING,TX78648
    CHRIS AYOTTE DIR. AT LARG
    000.00     		0 0 0
    435 NIXON RD
    KINGSBURY,TX78638
    GARY DICKENSON DIRECTOR
    000.00     		0 0 0
    5211 SEAWILLOW RD
    LOCKHART,TX78644
    MITCHELL HARDCASTLE DIRECTOR
    000.00     		0 0 0
    1131 W COUNTY ROAD 271
    GONZALES,TX78629
    RANDALL HERZOG DIRECTOR
    000.00     		0 0 0
    1121 LINK RD
    SEGUIN,TX78155
    CRAIG HINES DIRECTOR
    000.00     		0 0 0
    5783 FM 1116
    GONZALES,TX78629
    BILL JONES DIRECTOR
    000.00     		0 0 0
    15607 ALT 90
    KINGSBURY,TX78638
    ALTON WILLIAMS DIRECTOR
    000.00     		0 0 0
    627 HARWOOD RD
    LULING,TX78648
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 AGRICULTURAL DEMONSTRATION ON LIVESTOCK AND CROPS. 880,597
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,455,065
    b
    Average of monthly cash balances.......................
    1b
    156,239
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,245,623
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,856,927
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,856,927
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    57,854
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,799,073
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    189,954
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    110,675
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    12,000
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    122,675
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    122,675
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 122,675
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 122,675
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 122,675
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    28,817 188,453 100,766 135,573 453,609
    b 85% of line 2a ......... 24,494 160,185 85,651 115,237 385,567
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		122,675 320,555 182,840 638,568 1,264,638
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		122,675 320,555 182,840 638,568 1,264,638
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		126,636 125,635 114,051 112,653 478,975
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BONNIE DREDLA
    523 S MULBERRY AVE
    LULING,TX78648
    (830) 875-2438
    LULINGFOUNDATION@SBCGLOBAL.NET
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD FOLLOW THE PRESCRIBED FORMAT AND INCLUDE REQUIRED CONTENTS AS OUTLINED ON THE FOUNDATION'S WEBSITE AT WWW.LULINGFOUNDATION.ORG/SCHOLARSHIPS/SCHOLARSHIPS.
    cAny submission deadlines:
    SCHOLARSHIPS ARE REQUIRED TO BE SUBMITTED BY MARCH 31ST OF THE APPLICATION YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS RANGE FROM 1,000 TO 2,000. THEY ARE LIMITED TO HIGH SCHOOL STUDENTS RESIDING IN THE TEXAS COUNTIES OF CALDWELL, GONZALES, OR GUADALUPE. THE APPLICANT MUST BE ATTENDING A TEXAS UNIVERSITY/SCHOOL AND MUST BE PURSUING A DEGREE IN HEALTHCARE, AGRICULTURE, OR TRADE/VOCATIONAL EDUCATION.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    TAYLOR MABERRY
    PO BOX 634
    MARION,TX78124     		  I SCHOLARSHIP 1,000
    ASHLEA FREDERICK
    8301 HUBER RD
    SEGUIN,TX78155     		  I SCHOLARSHIP 500
    SHELBY A MERCER
    1720 FM 1104
    KINGSBURY,TX78638     		  I SCHOLARSHIP 500
    MEGAN ROGERS
    PO BOX 1366
    LOCKHART,TX78644     		  I SCHOLARSHIP 1,000
    NICOLE BITTNER
    1114 SPOTTED HORSE TRAIL
    DALE,TX78616     		  I SCHOLARSHIP 1,000
    KYNDALL ANDREWS
    121 NOGAL
    SEGUIN,TX78155     		  I SCHOLARSHIP 1,000
    BAILEY BLAIR
    571 FM 2091 S
    GONZALES,TX78629     		  I SCHOLARSHIP 1,000
    MADISON STAMPORT
    136 INDEPENDENCE TRAIL
    GONZALES,TX78629     		  I SCHOLARSHIP 1,000
    EMILY RIVERA
    250 TIERRA VERDE RUN
    DALE,TX78616     		  I SCHOLARSHIP 1,000
    MARY JENNA LLOYD
    1887 FM 672
    LOCKHART,TX78644     		  I SCHOLARSHIP 1,000
    KARSON KELSO
    871 SWEET HOME RD
    SEGUIN,TX78155     		  I SCHOLARSHIP 1,000
    MACKENZIE HODGES
    3625 TILDON TRAIL
    NEW BRAUNFELS,TX78132     		  I SCHOLARSHIP 1,000
    FRANK HARRISON BENES
    4220 COUNTY ROAD 256
    GONZALES,TX78629     		  I SCHOLARSHIP 1,000
    JOSE AMPARO REYES JR
    250 OAK CREEK CIRCLE
    LULING,TX78648     		  I SCHOLARSHIP 1,000
    ZACHARY MCCULLOCH
    6572 FM 466
    SEGUIN,TX78155     		  I SCHOLARSHIP 1,000
    BRADY OAKES
    221 N BRIGHT ST
    GONZALES,TX78629     		  I SCHOLARSHIP 1,000
    TAYLOR CASEY
    969 WATTS RD
    KINGSBURY,TX78638     		  I SCHOLARSHIP 1,000
    GONZALES COUNTY 4-H ADULT LEADERS
    1709 E SARAH DEWITT DR
    GONALES,TX78629     		  PC CONTRIBUTION 1,000
    CALDWELL COUNTY FCS PROGRAM FUND
    1403 BLACKJACK ST STE B
    LOCKHART,TX78644     		  PC CONTRIBUTION 200
    CALDWELL 4-H COUNCIL
    1403 BLACKJACK ST STE B
    LOCKHART,TX78644     		  PC CONTRIBUTION 600
    CALDWELL COUNTY DEMONSTRATION FUND
    1403 BLACKJACK ST STE B
    LOCKHART,TX78644     		  PC CONTRIBUTION 200
    GUADALUPE COUNTY 4-H
    210 E LIVE OAK
    SEGUIN,TX78155     		  PC CONTRIBUTION 1,000
    Total .................................bullet 3a 19,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aDEMO FARM         716,020
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 45,712  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     16 78,703  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 49,669 -3,983
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFIELD DAY INCOME     		        4,825
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   174,084 716,862
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    890,946
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A AGRICULTURAL DEMONSTRATION ON LIVESTOCK & CROPS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE LULING FOUNDATION
     
    Employer identification number

    74-1143102
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE LULING FOUNDATION
          		Employer identification number
    74-1143102
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    SAGE CAPITAL BANK
     
    PO BOX 1940
     
    GONZALES, TX78629

    		$ 48,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE LULING FOUNDATION
          		Employer identification number

    74-1143102
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE LULING FOUNDATION
          		Employer identification number

    74-1143102
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 2,399 2,399    
    DEMO FARM 9,596   8,728 868

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    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
    GRAIN BIN AUGER 1989-02-28 2,631 2,631 S/L 5.0000        
    358 NH GRINDER 1996-05-31 8,900 8,900 S/L 5.0000        
    16' BULK FEEDER 2005-03-04 2,050 2,050 S/L 7.0000        
    OVERHEAD BIN FOR CUBES 2005-09-06 3,000 3,000 S/L 7.0000        
    TANDEM AXLE BULK FEEDER 2005-11-04 2,450 2,450 S/L 7.0000        
    WELDER 1980-03-26 319 319 S/L 5.0000        
    PORTABLE SCALE 1982-06-30 509 509 S/L 5.0000        
    TIRE CHANGER 1987-08-01 750 750 S/L 5.0000        
    JD OFFSET 1972-01-01 1,500 1,500 S/L 5.0000        
    REPAIRS TO OFFSET 1985-02-01 617 617 S/L 5.0000        
    FERTILIZER SPREADER 1973-11-23 952 952 S/L 5.0000        
    DISC HARROW TAILORWAY 1974-10-30 2,061 2,061 S/L 5.0000        
    CONTINENTAL 315 GAL SPRAYER 1974-10-30 729 729 S/L 5.0000        
    SQUEEZE CHUTE 1978-11-03 927 927 S/L 5.0000        
    GRAHAM CHISEL PLOW 1979-01-31 1,808 1,808 S/L 5.0000        
    4 ROW WICK APPLICATOR 1979-10-07 600 600 S/L 5.0000        
    WELDER 1982-12-01 1,295 1,295 S/L 5.0000        
    DIESEL TANK 1983-06-01 150 150 S/L 5.0000        
    JD 347 WIRE BALER 1984-05-01 9,496 9,496 S/L 5.0000        
    FIELD CULTIVATOR 1984-02-01 675 675 S/L 5.0000        
    LOWBOY TRAILER 1986-07-01 500 500 S/L 5.0000        
    CATTLE CHUTE 1986-11-01 693 693 S/L 5.0000        
    DEVICE FOR ROUND BALER 1987-02-01 495 495 S/L 5.0000        
    JD 535 RD BALER W/ ATTACH 1990-07-01 17,800 17,800 S/L 5.0000        
    MATOR REPAIR JD 535 BALER 2000-08-12 2,477 2,477 S/L 5.0000        
    GRAIN DRILL 2003-04-28 5,000 5,000 S/L 7.0000        
    CUTTER 2003-10-24 677 677 S/L 7.0000        
    POST DRIVER 2003-07-03 1,750 1,750 S/L 7.0000        
    7FT BLADE 2004-08-13 2,042 2,042 S/L 7.0000        
    AIR COMPRESSOR 2005-05-15 390 390 S/L 7.0000        
    ELECTRIC FENCE CHARGE 2005-07-06 698 698 S/L 7.0000        
    24 FT TRAILER 2006-02-09 7,910 7,910 S/L 7.0000        
    1000 GAL WATER TANK 2006-04-07 570 570 S/L 7.0000        
    MISC EQUIPMENT 2006-05-26 6,330 6,330 S/L 7.0000        
    3 PT HITCH HAY UNROLLER 2006-12-28 550 550 S/L 7.0000        
    SPRAYER 2008-10-09 3,250 3,250 S/L 7.0000        
    HAY TEDDER 2010-07-06 4,900 4,900 S/L 7.0000        
    JD 7300 MAX 6 ROW PLANTER 2011-03-30 7,900 7,900 S/L 7.0000        
    MOHAWK 60 TILLER 2011-03-30 1,600 1,600 S/L 7.0000        
    BBQ PIT 2011-12-31 2,200 2,200 S/L 7.0000        
    BOBCAT SKID STEER LOADER 2012-02-22 29,651 29,651 S/L 7.0000        
    TREE SHEAR & TANK 2012-04-06 6,100 6,100 S/L 7.0000        
    20 FT LOWBOY TRAILER 2012-04-27 5,542 5,542 S/L 7.0000        
    84 IN. ROOT GRAPPLE 2012-04-30 2,950 2,950 S/L 7.0000        
    HAY RAKE 2012-10-11 4,500 4,500 S/L 7.0000        
    KUBOTA UTV 2014-08-28 14,515 11,405 S/L 7.0000 2,073   1,885  
    KUBOTA MOWER 2015-02-03 7,211 4,636 S/L 7.0000 1,030   937  
    6 HAY SAVER RINGS 2015-03-08 5,040 3,240 S/L 7.0000 720   655  
    2015 HONDA RANCHER 4 WHEELER 2015-03-20 4,942 4,448 S/L 5.0000 494   449  
    TN 800 VERMEER HAY CUTTER 2015-06-03 15,700 10,093 S/L 7.0000 2,243   2,040  
    2015 HONDA RANCHER 4 WHEELER 2015-03-20 5,460 4,914 S/L 5.0000 546   497  
    4155 RHINO SHREDDER 2015-07-29 16,500 10,607 S/L 7.0000 2,357   2,144  
    13FT CHAIN HARROW 2015-12-11 1,341 862 S/L 7.0000 192   174  
    CASE L755 LOADER 2016-03-21 4,524 2,262 S/L 7.0000 646   588  
    UTV SINGLE CALF CATCHER 2016-08-25 3,672 1,836 S/L 7.0000 525   477  
    JD 6110 TRACTOR (SN 802239) 2000-07-03 24,950 24,950 S/L 7.0000        
    CASE MAXUM 150 2016-03-21 102,396 51,198 S/L 7.0000 14,628   13,305  
    CASE MAXUM 125 2016-03-21 88,364 44,182 S/L 7.0000 12,623   11,481  
    OK FEEDER 2002-08-09 1,550 1,356 S/L 20.0000 78   71  
    3 CREEP FEEDERS 2006-05-08 2,374 2,374 S/L 7.0000        
    2500 CUBE FEEDER 2017-07-07 3,000 1,071 S/L 7.0000 429   390  
    10 FEED TROUGHS 2017-08-09 2,120 1,024 S/L 5.0000 424   386  
    RTV900XRA CAMO UTV C1606-HAM 2017-09-29 7,033 3,165 S/L 5.0000 1,406   1,278  
    GRAIN BIN-SOUTHWEST FABRICATORS 2017-10-30 9,700 2,102 S/L 10.0000 970   883  
    ECONOMY ANIMAL SCALE 2017-11-15 2,188 948 S/L 5.0000 438   398  
    FENCES 1980-06-13 904 814 S/L 20.0000        
    FENCES 1980-06-20 2,414 2,173 S/L 20.0000        
    FENCES 1980-07-01 886 797 S/L 20.0000        
    CONTRACT 1980-09-30 5,715 5,143 S/L 20.0000        
    FENCES 1980-10-03 894 805 S/L 20.0000        
    FENCES 1980-07-15 1,748 1,573 S/L 20.0000        
    WIRE POST 1980-08-26 1,609 1,448 S/L 20.0000        
    PIPE FOR FENCING 1980-04-17 2,358 2,100 S/L 10.0000        
    FENCE AND PENS 1978-12-31 2,300 2,070 S/L 10.0000        
    FENCE POST 1983-03-01 1,150 1,150 S/L 10.0000        
    ELECTRIC FENCE 1984-06-01 538 538 S/L 10.0000        
    8X18 CATTLE GUARD 1985-03-01 1,081 1,081 S/L 10.0000        
    GOAT FENCES AND PENS 1997-10-02 6,240 6,240 S/L 20.0000        
    UPPER COX PENS 1999-10-01 16,368 16,368 S/L 20.0000        
    HWY 90 FENCE 11808 FT 2000-05-22 16,545 16,201 S/L 20.0000 344   313  
    ELECTRIC FENCE 2002-03-22 2,625 2,625 S/L 10.0000        
    CLEARING + GRADINGS 1941-01-01 20,230 18,207 S/L 20.0000        
    CLEARING + GRADINGS 1949-12-03 560 504 S/L 20.0000        
    CLEARING + GRADINGS 1980-04-30 1,803 1,622 S/L 20.0000        
    CLEARING + GRADINGS 1951-05-21 80 72 S/L 20.0000        
    CLEARING + GRADINGS 1952-06-10 111 100 S/L 20.0000        
    CLEARING + GRADINGS 1992-11-15 441 397 S/L 20.0000        
    CLEARING + GRADINGS 1965-10-19 145 131 S/L 20.0000        
    CLEARING + GRADINGS 1966-01-01 647 582 S/L 20.0000        
    CLEARING + GRADINGS 1969-03-10 670 600 S/L 20.0000        
    CLEARING + GRADINGS 1969-05-29 771 700 S/L 20.0000        
    GRAVEL FOR ROADS 1985-06-01 840 840 S/L 10.0000        
    OFFICE DRIVE PAVING 1985-10-01 539 539 S/L 10.0000        
    SPRIGGING AND FERTILIZER 1986-03-01 1,139 1,139 S/L 20.0000        
    TERRACING 1941-01-01 1,996 1,797 S/L 5.0000        
    PECAN GROVE 1941-01-01 17,121 15,409 S/L 5.0000        
    ADDITION 1959-01-01 141 125 S/L 10.0000        
    GAS LINE REPAIRS 1987-02-01 4,754 4,754 S/L 20.0000        
    VARIOUS LINES AND FACIL 1941-01-01 7,145 6,430 S/L 10.0000        
    VARIOUS LINES AND FACIL 1948-01-01 586 525 S/L 10.0000        
    VARIOUS LINES AND FACIL 1949-01-01 818 735 S/L 10.0000        
    VARIOUS LINES AND FACIL 1950-01-01 2,446 2,200 S/L 10.0000        
    VARIOUS LINES AND FACIL 1951-01-01 3,002 2,700 S/L 10.0000        
    VARIOUS LINES AND FACIL 1952-01-01 1,539 1,385 S/L 10.0000        
    PUMP TANK PVC 1978-08-01 1,630 1,467 S/L 10.0000        
    COX PLACE 1978-09-07 319 287 S/L 10.0000        
    PUMP WELL 1980-12-19 6,132 5,500 S/L 10.0000        
    PIPE 1980-12-29 431 387 S/L 10.0000        
    CONCRETE 1980-12-19 271 250 S/L 20.0000        
    SEARS JET PUMP 1982-03-01 125 125 S/L 5.0000        
    IRRIGATION PUMP 1984-10-01 3,074 3,074 S/L 5.0000        
    WATER WELL 1985-04-01 1,590 1,590 S/L 10.0000        
    REPAIRS-WATER WELL 1989-04-01 710 710 S/L 5.0000        
    SOLAR POWERED WELL-WEST END 2009-06-25 15,009 15,009 S/L 10.0000        
    VARIOUS 1941-01-01 1,758 1,580 S/L 5.0000        
    VARIOUS 1945-01-01 235 210 S/L 5.0000        
    VARIOUS 1954-01-01 285 255 S/L 5.0000        
    LINES AND LABOR 1976-02-04 740 666 S/L 5.0000        
    LOT 122 DONER & LOT 188 OPN HEIF (2) 2012-03-06 7,000 7,000 S/L 5.0000        
    9 COWS (T) (SC) 2012-06-30 9,000 9,000 S/L 5.0000        
    BRANGUS HEIFERS (20) 2013-06-20 17,000 17,000 S/L 5.0000        
    ANGUS COWS (T) (44) 2013-06-30 44,000 44,000 S/L 5.0000        
    COMMERICAL COWS (T) (26) 2013-06-30 26,000 26,000 S/L 5.0000        
    BRANGUS HEIFERS (10) 2013-07-29 8,500 8,500 S/L 5.0000        
    ANGUS COWS (T) (70) 2014-06-30 70,000 70,000 S/L 5.0000        
    COMMERICAL COWS (T) (7) 2014-06-30 7,000 7,000 S/L 5.0000        
    EMBRYO HEIFER 508 & 586 2014-07-17 2,663 2,663 S/L 5.0000        
    LOT 13 COW 2014-10-24 10,500 10,500 S/L 5.0000        
    1/2 INT DONOR COW LOT 477 2015-04-08 21,375 17,100 S/L 5.0000 4,275   3,888  
    3 DONOR COWS 5015; 5012; 5090 2015-10-16 105,000 84,000 S/L 5.0000 21,000   19,100  
    63 CM COWS (T) (63) 2015-06-30 63,000 50,400 S/L 5.0000 12,600   11,460  
    52 ANGUS COWS (T) (52) 2015-06-30 52,000 41,600 S/L 5.0000 10,400   9,459  
    BULL 23 2014-04-05 10,000 10,000 S/L 5.0000        
    BULL (T) 2014-06-30 1,500 1,500 S/L 5.0000        
    BULL 3050 2015-03-20 9,250 6,938 S/L 6.0000 1,541   1,401  
    2 BULLS LOT 149 & 153 2015-09-03 44,500 41,400 S/L 5.0000 3,100   2,820  
    2 HEREFORD BULLS 2016-11-09 6,500 4,550 S/L 5.0000 1,300   1,182  
    LOT 46-44 FARMS REG18724916 2017-10-28 8,500 3,683 S/L 5.0000 1,700   1,546  
    BARBER HEREFORD BULL-LOT 26 2017-11-08 4,000 1,733 S/L 5.0000 800   728  
    HEREFORD 6S50 2017-12-14 4,000 1,667 S/L 5.0000 800   728  
    155 COWS 2017-11-20 176,700 73,625 S/L 5.0000 35,340   32,142  
    5 BULLS 2017-11-20 12,500 5,208 S/L 5.0000 2,500   2,274  
    HEREFORD BULL E070 LOT 8 2018-11-16 3,250 704 S/L 5.0000 650   591  
    BULL 7S82 2019-03-02 4,750 565 S/L 7.0000 679   618  
    LOT 16B-N1065 HEIFER(N1065XPOSS MAVERICK) 2019-09-20 4,250 152 S/L 7.0000 607   552  
    2 HEREFORD BULLS LOT 4 & 37 2019-11-13 11,500 274 S/L 7.0000 1,643   1,494  
    LOT 3 COW W/HC 2019-12-09 4,500 54 S/L 7.0000 642   584  
    1985 FORD 4610 TRACTOR W/FRONT END LOADER C7503 2019-11-21 8,200 68 S/L 10.0000 820   746  
    2012 NEW HOLLAND T5070 W/FRONT END LOADER 2CTH1 2019-11-21 30,000 250 S/L 10.0000 3,000   2,728  
    2013 AERWAY 10' W/ 11 CHAIN HARROW/WHEELKIT AW100 2019-11-21 6,500 54 S/L 10.0000 650   592  
    2012 CONTINENTAL BELTON BOOM SPRAYER W/FOAM 2019-11-21 2,000 33 S/L 5.0000 400   363  
    2016 CONTINENTAL BELTON CLUSTER SPRAYER 2019-11-21 1,500 25 S/L 5.0000 300   273  
    1990 ANDERSON CATTLE TRAILER 14' 2019-11-21 500 8 S/L 5.0000 100   91  
    1990 FAIRWEST LOWBOY TRAILER 2019-11-21 500 8 S/L 5.0000 100   91  
    6' MODER HWY SPECIAL ROTARY CUTTER 2019-11-21 400 7 S/L 5.0000 80   73  
    2017 ARMSTRONG GOPHER MACHINE 2019-11-21 700 12 S/L 5.0000 140   127  
    SHOULE ROCK FORK 2019-11-21 500 8 S/L 5.0000 100   91  
    GROBER-MESQUITE BRUSH 2019-11-21 300 5 S/L 5.0000 60   55  
    3 POINT 6' LIFT HARROW TUFLINE 2019-11-21 200 3 S/L 5.0000 40   36  
    4 SHANK PASTURE RENOVATOR W/ COULTERS 2019-11-21 350 6 S/L 5.0000 70   64  
    ROAD BLADE 2019-11-21 50 1 S/L 5.0000 10   9  
    POST HOLE DIGGER 2019-11-21 50 1 S/L 5.0000 10   9  
    PALLET FORK 2019-11-21 100 2 S/L 5.0000 20   18  
    DIESEL FUEL TANK 2019-11-21 250 4 S/L 5.0000 50   46  
    GAS FUEL TANK 2019-11-21 250 4 S/L 5.0000 50   45  
    HAY SPEAR-BIG BALES 2019-11-21 50 1 S/L 5.0000 10   9  
    BALE CARRIER 2019-11-21 100 2 S/L 5.0000 20   18  
    LOT 3 BULLS(DE SU B170) 2020-04-06 12,000   S/L 7.0000 1,286   1,170  
    3 UPHOLSTER BENCHES 1957-01-01 88 80 S/L 5.0000        
    WHIRLPOOL REFRIGERATOR 2015-07-02 1,008 648 S/L 7.0000 144   144  
    68 CHEVY C50 DUMP TRUCK 1988-06-01 755 755 S/L 5.0000        
    01' FORD 2002-01-04 34,186 34,186 S/L 5.0000        
    2004 FORD F-250 2004-10-06 21,236 21,236 S/L 5.0000        
    2012 FORD F-150 2012-07-13 25,267 25,267 S/L 5.0000        
    2016 CHEVY SILVERADO 2016-04-01 41,874 29,312 S/L 5.0000 8,375   8,375  
    METAL QUONSET HUT 1946-01-01 9,026 8,100 S/L 5.0000        
    WEST END HOUSE IMPROV 1978-01-01 8,836 7,953 S/L 5.0000        
    OFFICE IMPROV 1978-01-01 115 104 S/L 5.0000        
    OFFICE IMPROV 1979-01-01 4,284 3,856 S/L 5.0000        
    WEST END HOUSE IMPROV 1979-01-01 426 383 S/L 5.0000        
    WEST END HOUSE 1979-01-01 608 547 S/L 5.0000        
    OFFICE IMPROV 1980-10-01 93 84 S/L 5.0000        
    BULL TEST FEEDLOT 1980-11-01 6,442 5,802 S/L 5.0000        
    WEST END HOUSE 1980-11-01 25 22 S/L 5.0000        
    WILLIAM'S HOUSE 1981-11-01 696 696 S/L 5.0000        
    OFFICE IMPROV 1981-03-01 488 488 S/L 5.0000        
    OFFICE STORM WINDOWS 1982-04-27 1,520 1,520 S/L 5.0000        
    MULTI PURPOSE BLDG 1982-10-01 44,964 44,964 S/L 5.0000        
    OFFICE ELECT IMPROV 1982-04-01 2,031 2,031 S/L 5.0000        
    WILLIAM'S HOUSE SEWER 1982-02-01 1,123 1,123 S/L 5.0000        
    VARIOUS IMPROV 1981-04-01 4,046 4,046 S/L 5.0000        
    VARIOUS ROOFING 1981-06-01 1,587 1,587 S/L 5.0000        
    VARIOUS 1981-12-01 143 143 S/L 5.0000        
    MANAGER'S HOUSE 1983-10-01 68,356 68,356 S/L 30.0000        
    HOG BARN 1983-10-01 6,082 6,082 S/L 20.0000        
    FEEDLOT 1983-08-01 12,693 12,693 S/L 20.0000        
    VARIOUS IMPROV 1983-03-01 10,802 10,802 S/L 20.0000        
    WEST END HOUSE REMODEL 1985-08-01 35,934 35,934 S/L 20.0000        
    UTILITY BARN 1986-01-01 24,732 24,732 S/L 20.0000        
    MULTI PURPOSE BLDG-IMPROVE 1985-12-01 633 633 S/L 20.0000        
    OFFICE-ROOF REPAIRS 1986-10-01 3,126 3,126 S/L 20.0000        
    HOG BARN SLAB 1986-08-01 156 156 S/L 20.0000        
    CABINETS 1986-03-01 1,039 1,039 S/L 20.0000        
    GRAIN BIN 1987-08-01 7,189 7,189 S/L 20.0000        
    RENT HOUSE IMPROV 1988-01-01 630 630 S/L 20.0000        
    GRAIN BIN WIRING 1988-01-01 100 100 S/L 20.0000        
    GRAIN BIN SLAB 1988-08-01 1,205 1,205 S/L 20.0000        
    OFFICE IMPROV 1989-11-01 4,500 4,500 S/L 20.0000        
    NEW SEPTIC TANK 2000-04-27 1,000 1,000 S/L 15.0000        
    REFRIG & DISHWASHER 2000-09-13 1,479 1,479 S/L 7.0000        
    3.5 TON TRANE HVAC-WEST END 2001-10-09 4,795 4,795 S/L 7.0000        
    OFFICE REMODEL 2001-12-01 32,709 19,716 S/L 30.0000 1,090   1,090  
    APPLIANCES (WEST END) 2001-06-26 1,558 1,558 S/L 7.0000        
    FLOORS-GREEN HOUSE 2002-02-18 1,810 1,584 S/L 20.0000 90 90    
    INSULATION OFFICE 2002-02-28 1,210 1,059 S/L 20.0000 60   60  
    FEEDER SHED 2002-12-30 1,700 1,488 S/L 20.0000 85   85  
    STOVE-ADMINISTRATION 2002-02-11 363 363 S/L 7.0000        
    GREEN HOUSE IMPROV 2002-06-30 15,651 13,303 S/L 20.0000 783 783    
    RANGE; WATER HEATER; LABOR 2003-12-05 4,960 4,960 S/L 7.0000        
    WEST END HOUSE IMPROV 2003-07-28 20,904 17,246 S/L 20.0000 1,045 1,045    
    A/C; DUCTWORK & DISHWASHER-WEST 2007-03-27 7,349 7,349 S/L 10.0000        
    NEW FLOORING-WEST END 2007-03-30 2,521 1,576 S/L 20.0000 126 126    
    CATTLE PENS AND BARNS 2008-03-15 305,837 175,856 S/L 20.0000 15,292   15,292  
    RAINWATER HARV+SCALES+QUONSET BLDG 2009-01-16 7,305 3,653 S/L 20.0000 365   365  
    MANAGER'S HOUSE-FLOORING 2009-12-11 6,647 6,647 S/L 10.0000        
    WATER HEATER WE HSE 2011-01-11 367 367 S/L 7.0000        
    SEPTIC SYSTEM WE HSE 2011-04-12 5,899 2,507 S/L 20.0000 295 295    
    DISHWASHER MGR HSE 2011-04-22 499 499 S/L 7.0000        
    REFRIGERATOR MRG HSE 2011-07-15 1,095 1,095 S/L 7.0000        
    SHOW BARN IMPROVEMENTS 2012-05-29 73,902 29,561 S/L 20.0000 3,695   3,695  
    SEPTIC SYSTEM GREEN HSE 2012-09-25 4,500 1,688 S/L 20.0000 225 225    
    BIG ASS FAN 2013-08-13 7,350 6,825 S/L 7.0000 525   525  
    BARN PROJECTOR W/ SCREEN 2013-12-19 4,743 4,405 S/L 7.0000 338   338  
    A/C UNIT MANAGER'S HOUSE 2013-01-04 2,855 2,651 S/L 7.0000 204   204  
    A/C UNIT -HEADQUARTERS 2013-04-23 6,700 6,221 S/L 7.0000 479   479  
    CONCRETE SLAB SW CORNER BARN 2013-02-22 6,392 2,077 S/L 20.0000 320   320  
    HVAC OFFICE 2014-05-15 6,700 5,264 S/L 7.0000 957   957  
    FLOORING-GREEN HOUSE 2014-08-12 4,893 2,691 S/L 10.0000 489 489    
    SOUTHSIDE ADDITION 2014-11-07 42,155 11,593 S/L 20.0000 2,107   2,107  
    CATTLE PANELS 2014-03-07 18,631 14,639 S/L 7.0000 2,662   2,662  
    3.5 TON BRYANT -GREEN HSE 2015-08-11 8,350 5,368 S/L 7.0000 1,193 1,193    
    WINDOW UNIT-MGR HSE 2015-12-07 824 530 S/L 7.0000 117   117  
    40X60X14 METAL BUILDING W/DOUBLE LEAN-TOS 2017-04-10 82,347 11,323 S/L 20.0000 4,117   4,117  
    LAND-VARIOUS PARCELS 2001-01-01 1,379,541              
    PUMP & COLUMN-SAN PATRICIO 2006-04-12 21,294 13,841 S/L 20.0000 1,065 1,065    
    DRILL WATER WELL-SAN PATRICIO 2006-04-12 60,500 39,325 S/L 20.0000 3,025 3,025    
    528 AC - HAM DONATION 2019-11-21 2,112,000              
    117 AC - HAM DONATION 2019-11-21 643,500              
    RESIDENCE ON 528 AC-HAM DONATION 2019-11-21 338,000 939 S/L 30.0000 11,267 11,267    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN MUNICIPAL POWER INC 7.00% 59,632 59,632

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEE ATTACHED STATEMENT 320,183 320,183

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    US Government Securities - End of Year Book Value:

    15
    US Government Securities - End of Year Fair Market Value:

    15
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsLandSchedule2
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND-VARIOUS 501,310   501,310 1,208,090

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS-SEE ATTACHED STMT FMV 2,428,149 2,428,149
    COOP STOCK AT COST 274 274
    UNIT TRUSTS-SEE ATTACHED STMT FMV 23,202 23,202
    MINERAL INTERESTS AT COST 15,035 37,533

    TY 2020 LandEtcSchedule2
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS & EQUIPMENT 2,960,757 2,054,360 906,397 808,940
    LAND 4,135,041   4,135,041 15,469,606


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name HAM CATTLE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 189,200
    Balance Due 115,944
    Date of Note 2018-08
    Maturity Date 2024-08
    Repayment Terms ANNUAL
    Interest Rate 0.0500
    Security Provided by Borrower BEEF CATTLE
    Purpose of Loan PURCHASE BEEF CATTLE
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name HAM EQUIPMENT
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 52,500
    Balance Due 47,814
    Date of Note 2019-11
    Maturity Date 2029-11
    Repayment Terms ANNUAL
    Interest Rate 0.0250
    Security Provided by Borrower EQUIPMENT
    Purpose of Loan PURCHASE OF EQUIPMENT
    Description of Lender Consideration  
    Consideration FMV  


    TY 2020 OtherExpensesSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEMO FARM        
    CATTLE REGISTRATIONS/FEES 11,607   10,557 1,050
    FEED 221,298   201,275 20,023
    FERTILIZER 35,661   32,434 3,227
    INSECTICIDE & HERBICIDE 2,977   2,708 269
    INSURANCE 36   33 3
    PROGRAM COSTS 219   199 20
    SELLING EXPENSE 6,635   6,035 600
    SEED/PLANTS 4,091   3,721 370
    VETERINARY & MEDICINE 50,436   45,872 4,564
    HAULING 850   773 77
    CONTRACT LABOR 4,923   4,478 445
    EQUIPMENT/TOOLS/RENTALS 12,425   11,301 1,124
    WORKER'S COMPENSATION 9,895   9,000 895
    BONUS 5,000   4,548 452
    SUPPLIES 3,356   3,052 304
    AUTO EXPENSE 6,624   6,025 599
    DUES/SUBSCRIPTIONS/FEES 2,085   1,896 189
    FUEL & LUBRICANT 9,185   8,354 831
    INSURANCE-AUTO 1,640   1,492 148
    REPAIRS & MAINTENANCE 26,856   24,426 2,430
    UTILITIES 14,560   13,243 1,317
    SEMINARS 3,643   3,313 330
    BANK CHARGES 52   47 5
    GRANT EXPENSE 3,744   3,405 339
    MISCELLANEOUS -488   -444 -44
    DEMO EXPENSE 207   188 19
    PROCESSING FEE 2,579   2,346 233
    INSURANCE 17,167   15,614 1,553
    MARKETING 4,219   3,837 382
    OFFICE SUPPLIES 3,346   3,043 303
    HEALTH ALLOWANCE 15,198   13,823 1,375
    POSTAGE & DELIVERY 423   385 38
    REIMBURSEMENT 578   526 52
    TELEPHONE 4,284   3,896 388
      262   236 26
    EXPENSES        
    HARVESTING 17,937 17,937    
    INSURANCE 3,585 3,585    
    WORKER'S COMPENSATION 1,201 1,201    
    PAYROLL BONUS 800 800    
    OFFICE SUPPLIES 836 836    
    HEALTH ALLOWANCE 1,680 1,680    
    POSTAGE & DELIVERY 106 106    
    TELEPHONE 1,071 1,071    
    REPAIRS & MAINTENANCE-RENTAL 2,160 2,160    
    INVESTMENT EXPENSE 5,365 5,365    
    ROYALTY EXPENSE 349 349    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LEASE BONUS 3,244 3,244 3,244
    CROP SHARE 45,324 45,324 45,324
    RENT 11,410 11,410 11,410
    FSA/USDA 8,976 8,976 8,976
    ROYALTY 9,749 9,749 9,749
    DEMO FARM 716,020   716,020
    FIELD DAY INCOME 4,825   4,825


    TY 2020 OtherIncreasesSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 257,037


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 2,917 6,887
    SEP CONTRIBUTION PAYABLE   11,659


    TY 2020 TaxesSchedule
    Name:
    THE LULING FOUNDATION
    EIN:
    74-1143102
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AD VALOREM 4,825 4,825    
    EXCISE TAX 1,119