| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 6,954 | 3,477 | 0 | 3,477 |
| ADP Payroll Service | 2,074 | 1,037 | 0 | 1,037 |
| Paypal Fee | 887 | 444 | 0 | 443 |
| 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 | 23,485 | SL | 3.64 % | 939 | 939 | ||
| Building | 1994-12-31 | 49,740 | 45,225 | SL | 3.64 % | 1,809 | 1,809 | ||
| Building | 1996-02-01 | 235,000 | 205,453 | SL | 3.64 % | 356 | 356 | ||
| Building | 1994-12-31 | 91,164 | 82,883 | SL | 3.64 % | 138 | 138 | ||
| Building | 1995-03-15 | 70,597 | 64,076 | SL | 3.64 % | 2,568 | 2,568 | ||
| Building | 1994-12-31 | 55,928 | 50,850 | SL | 3.64 % | 85 | 85 | ||
| Improvements | 1996-07-01 | 6,868 | 6,097 | SL | 3.64 % | 10 | 10 | ||
| Building | 1999-07-06 | 57,848 | 30,587 | SL | 2.56 % | 1,483 | 1,483 | ||
| Building A | 1999-03-01 | 53,306 | 28,650 | SL | 2.56 % | 1,367 | 1,367 | ||
| Building B | 2000-03-01 | 117,887 | 60,338 | SL | 2.56 % | 3,023 | 3,023 | ||
| Building C | 2000-03-01 | 171,193 | 87,604 | SL | 2.56 % | 4,389 | 4,389 | ||
| New Building | 2001-08-01 | 15,949 | 7,584 | SL | 2.56 % | 409 | 409 | ||
| Buildings | 2001-08-01 | 1,861,858 | 885,068 | SL | 2.56 % | 47,738 | 47,738 | ||
| Building Improvements | 2002-08-01 | 84,054 | 37,804 | SL | 2.56 % | 2,155 | 2,155 | ||
| Building Improvements | 2003-08-01 | 798 | 475 | SL | 3.64 % | 29 | 29 | ||
| Fire Walls # 301,302,209, | 2004-04-08 | 3,200 | 1,302 | SL | 2.56 % | 82 | 82 | ||
| Wall | 2004-03-25 | 100 | 47 | SL | 2.56 % | 3 | 3 | ||
| Storm Drain | 2005-09-27 | 4,992 | 1,851 | SL | 2.56 % | 128 | 128 | ||
| Wall unit 105 & 106 | 2006-07-01 | 1,350 | 477 | SL | 2.56 % | 35 | 35 | ||
| Roof | 2010-01-12 | 1,562 | 577 | SL | 3.64 % | 2 | 2 | ||
| Sliding Glass Door | 2009-10-27 | 351 | 135 | SL | 3.64 % | 13 | 13 | ||
| Windows | 2009-11-25 | 1,140 | 422 | SL | 3.64 % | 41 | 41 | ||
| Furnace | 2010-10-26 | 1,102 | 375 | SL | 3.64 % | 40 | 40 | ||
| Furnace | 2010-11-09 | 1,100 | 372 | SL | 3.64 % | 40 | 40 | ||
| Garage Doors | 2010-12-21 | 588 | 193 | SL | 3.64 % | 21 | 21 | ||
| Hot Water Heater | 2013-11-12 | 788 | 752 | 200DB | 4.46 % | 36 | 36 | ||
| New wall 202 & 201 | 2014-10-28 | 4,172 | 575 | SL | 2.56 % | 107 | 107 | ||
| Add bathroom to 201 | 2015-02-03 | 3,200 | 413 | SL | 2.56 % | 82 | 82 | ||
| Dishwasher | 2015-02-10 | 500 | 432 | 200DB | 8.93 % | 45 | 45 | ||
| JD Tractor | 2014-01-01 | 2,500 | 2,030 | 200DB | 4.46 % | 112 | |||
| Subaru Crosstrex | 2016-01-06 | 20,250 | 18,310 | 200DB | 9.58 % | 1,940 | |||
| Video Camera | 2015-06-18 | 900 | 861 | 200DB | 4.26 % | 39 | |||
| Phone for MJ | 2015-06-18 | 360 | 345 | 200DB | 4.26 % | 15 | |||
| Digital Recorder | 2015-06-18 | 200 | 192 | 200DB | 4.26 % | 8 | |||
| Furnace | 2015-07-01 | 3,500 | 648 | SL | 4.00 % | 18 | 18 | ||
| Refrigerator | 2015-07-01 | 634 | 607 | 200DB | 4.26 % | 27 | 27 | ||
| Hot Water Heater | 2015-07-01 | 394 | 378 | 200DB | 4.26 % | 16 | 16 | ||
| New bathroom # 201 & 202 | 2015-07-01 | 6,429 | 763 | SL | 2.56 % | 165 | 165 | ||
| Flooring | 2018-02-22 | 1,559 | 1,025 | 200DB | 13.68 % | 213 | 213 | ||
| Blinds | 2018-02-22 | 155 | 102 | 200DB | 13.68 % | 21 | 21 | ||
| Range and hood | 2018-02-22 | 606 | 398 | 200DB | 13.68 % | 83 | 83 | ||
| Refrigerator | 2018-02-22 | 349 | 230 | 200DB | 13.68 % | 48 | 48 | ||
| Range | 2017-07-25 | 436 | 318 | 200DB | 11.37 % | 50 | 50 | ||
| Pressure washer | 2017-05-23 | 150 | 115 | 200DB | 11.01 % | 17 | |||
| Vacuum | 2018-02-22 | 540 | 355 | 200DB | 13.68 % | 74 | |||
| Washer & Dryer ect | 2018-08-09 | 884 | 460 | 200DB | 19.20 % | 170 | 170 | ||
| New Furnace | 2018-11-13 | 4,303 | 2,238 | 200DB | 19.20 % | 413 | 413 | ||
| Equipment | 2018-07-01 | 154 | 80 | 200DB | 19.20 % | 30 | |||
| Range | 2019-04-25 | 554 | 111 | 200DB | 32.00 % | 89 | 89 | ||
| Equipment | 2019-07-01 | 319 | 64 | 200DB | 32.00 % | 102 | |||
| Office Equip | 2019-07-01 | 1,586 | 317 | 200DB | 32.00 % | 508 | |||
| New Gutters | 2021-02-25 | 11,989 | SL | 0.11 % | 13 | 13 | |||
| HP Printer | 2020-09-22 | 220 | 200DB | 20.00 % | 44 | ||||
| Equipment | 2020-07-01 | 1,464 | 200DB | 20.00 % | 293 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | STATEMENT RE: PART X, LINE 1CFOUNDITION MANAGER HAS VALUED REAL ESTATE USING COUNTY PROPERTY TAX VALUATIONS AS A GUIDE. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Artisan Int'l Value Fund (ARTKX) | ||
| Invesco Develop Markets Fund (GTDYX) | ||
| JP Morgan Behavioral Value (UBVLX) | ||
| Primecap Odyssey Funds (POGRX) | ||
| Primecap Odyssey Aggr Growth (POAGX) | ||
| Primecap Odyssey Stock Fund (POSKX) | ||
| Profession Mgd Becker Value (BVEFX) | ||
| T Rowe Price New Horizons (PRNHX) | ||
| Artisan Global Value (ARTGX) | ||
| Alps Vulcan Value Ptnrs (VVPLX) | ||
| Dodge & Cox DODGX | ||
| Harbor Mid Cap HAMVX | ||
| MFS Int'l Value MINIX | ||
| Metro West Unconstrained MWCIX | ||
| JOHCM Int'l JOHIX | ||
| JP Morgan (JVAIX) | ||
| Oppenheimer (OSMYX) | ||
| Alps Funds Small Cap (VVPSX) | ||
| Thompson (THOPX) | ||
| World Funds Clifford (CLIFX) | ||
| Robeco Boston (BPAIX) | ||
| Johcm Eme (JOEMX) | ||
| T Rowe Price (IEMFX) | ||
| Wasatch (WAMCX) | ||
| Smead(SVFFX) | ||
| Prof. Managed Port (AKRIX) | ||
| Tweedy Browne (TBGVX) | ||
| CNRG | 62,618 | 84,979 |
| ARKW | 72,534 | 96,695 |
| ARKK | 73,250 | 94,511 |
| VOO | 405,848 | 426,849 |
| QQQ | 400,873 | 429,429 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 3,236,719 | 1,436,419 | 1,800,300 | 6,773,005 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| HWY 217 Flood Plain | FMV | 524,363 | 250,642 |
| Improvements HWY 217 | FMV | 93,358 | 93,358 |
| Mikkelson LID Land | FMV | 203,235 | 203,235 |
| 8811 SW Spruce Lot 1300 | FMV | 3,089 | 3,490 |
| My Shop Comm | AT COST | 19,200 | 19,200 |
| OAK ST LOT | FMV | 220,000 | 172,360 |
| 10225 SW N DAKOTA LOT | AT COST | 189,313 | 30,300 |
| Bitcoin | FMV | 750 | 3,259 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 20,250 | 20,250 | 3,000 | |
| Furniture and Fixtures | 71,388 | 67,734 | 3,654 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal and Professional Fees | 7,699 | 7,699 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | Maclellan Foundation |
| Lender's Title | |
| Relationship to Insider | None |
| Original Amount of Loan | 1,000,000 |
| Balance Due | 1 |
| Date of Note | 2016-09 |
| Maturity Date | 2020-08 |
| Repayment Terms | YR pays interst, bal @ matur. |
| Interest Rate | 9.0000 |
| Security Provided by Borrower | Land |
| Purpose of Loan | Fund Expat Loan |
| Description of Lender Consideration | Cash |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Rounding | 2 |
| Description | Amount |
|---|---|
| Federal Taxes Current | 12,980 |
| Federal Taxes Prior | 12,979 |
| Meals & Ent 50% disallowed | 3,749 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Auto Expense | 1,285 | 1,285 | ||
| Bank charges | 8,618 | 8,618 | ||
| Business Meals @ 50% 7498 | 3,749 | 3,749 | ||
| Dues | 437 | 437 | ||
| Employee Enrichment | 16 | 16 | ||
| Flood Plain Develop/Survey | 7,016 | 7,016 | ||
| Flood Plain Maint | 2,190 | 2,190 | ||
| Hospitality | 6,804 | 6,804 | ||
| Internet Expense | 1,334 | 1,334 | ||
| Literature expense | 38,000 | 38,000 | ||
| Misc | 73 | 73 | ||
| N Dakota Dev | 2,665 | 2,665 | ||
| N Dakota Maintenance | 36 | 36 | ||
| Office Supplies | 14,683 | 14,683 | ||
| Rental Expenses | 183,787 | 183,787 | ||
| Storehouse expenses | 100 | 100 | ||
| Telephone | 6,336 | 6,336 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Investment Income | 194 | 194 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Refundable Rent Deposits | 65,864 | 64,920 |
| PPP Loan | 25,740 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tom Ashlock | None | 14,000 | 14,000 | 2003-05 | 1999-09 | On Demand | 1000.00 % | None | Business Cash Flow | Cash | |
| Titus Mathew | Business Associate | 5,000 | 5,000 | 2017-05 | 2019-05 | On Demand | 0 % | None | Business Expansion | Cash | |
| Evolving Med Solutions Inc | None | 1,000,000 | 1,000,000 | 2020-05 | 2022-05 | due 5/22/2022 | 0 % | Personal guarantee of J Cuzdey | Business Operations | Cash | 1,000,000 |
| Cuz-D Industries | None | 1,000,000 | 1,000,000 | 2020-11 | 2022-11 | Due November 4 2022 | 0 % | Personal guarantee Jacob Cuzdy | Business Operations | Cash | 1,000,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Taxes | 10,662 | 10,662 | ||
| Real Estate Taxes Flood Plain | 2,529 | 2,529 | ||
| Real Estate Taxes N Dakota Lot | 453 | 453 | ||
| Real Estate Taxes Oak St Lot | 2,667 | 2,667 | ||
| Taxes & Licenses (653) | 934 | 934 |