| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT & ACCOUNTING FEES | 13,050 | 0 | 653 | 11,050 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND IMPROVEMENTS | 2020-12-31 | 169,643 | 160,531 | 150DB | 15.000000000000 | 1,414 | 0 | 1,414 | |
| BUILDINGS | 2020-12-31 | 4,170,773 | 1,274,342 | SL | 39.000000000000 | 132,627 | 0 | 132,627 | |
| PY ASSETS | 2020-12-31 | 1,364,123 | 349,981 | 200DB | 7.000000000000 | 6,780 | 0 | 6,780 | |
| CY NON-DEPRECIABLE ASSETS | 2021-12-31 | 221,242 | L | 0 | 0 | 0 | |||
| PY NON-DEPRECIABLE ASSETS | 2020-12-31 | 1,627,453 | L | 0 | 0 | 0 | |||
| FLOORING | 2021-04-06 | 8,265 | SL | 39.000000000000 | 159 | 0 | 159 | ||
| FURNITURE | 2021-07-01 | 15,816 | 200DB | 7.000000000000 | 15,816 | 0 | 1,130 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M COMPANY | 710,520 | 710,520 |
| APPLE | 3,373,830 | 3,373,830 |
| AT&T | 541,200 | 541,200 |
| BANK OF AMERICA | 311,430 | 311,430 |
| CHEVRON | 1,161,765 | 1,161,765 |
| CONOCOPHILLIPS | 1,046,610 | 1,046,610 |
| CONSOLIDATED EDISON HOLDING CO | 383,940 | 383,940 |
| CUMMINS | 763,490 | 763,490 |
| DAKTRONICS | 186,850 | 186,850 |
| EXXON MOBIL | 244,760 | 244,760 |
| GRAINGER WW | 310,944 | 310,944 |
| HOLLY FRONTIER | 721,160 | 721,160 |
| INTEL | 314,150 | 314,150 |
| INTERNATIONAL BUSINESS MACHINES | 294,052 | 294,052 |
| IOWA 80 GROUP | 2,509,605 | 2,509,605 |
| JPMORGAN CHASE & CO | 285,030 | 285,030 |
| KINDER MORGAN | 523,380 | 523,380 |
| LOCKHEED MARTIN | 142,164 | 142,164 |
| LUMEN TECHNOLOGIES | 1,041,650 | 1,041,650 |
| ONEOK | 1,233,960 | 1,233,960 |
| PACCAR | 308,910 | 308,910 |
| POLARIS INDS | 747,388 | 747,388 |
| VERIZON COMMUNICATIONS | 675,480 | 675,480 |
| WALGREENS BOOTS ALLIANCE | 495,520 | 495,520 |
| WALMART STORES | 1,099,644 | 1,099,644 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 616,000 | 0 | 616,000 | 616,000 |
| LAND IMPROVEMENTS | 169,643 | 161,945 | 7,698 | 7,698 |
| BUILDING | 5,179,038 | 1,404,971 | 3,774,067 | 3,774,067 |
| TRUCKSTOP EQUIPMENT | 49,352 | 49,352 | 0 | |
| OFFICE EQUIPMENT | 22,341 | 18,943 | 3,398 | 3,398 |
| FURNITURE & FIXTURES | 260,180 | 217,740 | 42,440 | 42,440 |
| NON-DEPRECIABLE ANTIQUES | 1,324,174 | 0 | 1,324,174 | 1,324,174 |
| NON-DEPRECIABLE DECOR | 303,010 | 0 | 303,010 | 303,010 |
| ANTIQUE TRUCK RESTORATIONS IN PROGRESS | 2,515,597 | 0 | 2,515,597 | 2,515,597 |
| SOFTWARE | 48,065 | 48,065 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL FEES | 330 | 0 | 17 | 313 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 43 | 0 | 2 | 41 |
| EXCESS RELATED ACTIVITY EXPENSES | 0 | 0 | -18,391 | 18,391 |
| CASH OVER AND SHORT | 91 | 0 | 5 | 86 |
| MEMBERSHIP | 155 | 0 | 8 | 147 |
| EQUIPMENT RENTAL - LEASED | 482 | 0 | 24 | 458 |
| INSURANCE | 21,119 | 0 | 1,056 | 20,063 |
| DIRECT EXPENSES FROM SPECIAL FUNDRAISING EVENTS | 19,305 | 0 | 19,305 | 0 |
| EXCESS EXPENSES OF SPECIAL FUNDRAISING EVENT | 0 | 0 | -8,205 | 8,205 |
| CONTRIBUTED MANAGEMENT SERVICES | 37,557 | 0 | 1,878 | 35,679 |
| SUPPLIES | 4,436 | 0 | 222 | 4,214 |
| SECURITY | 850 | 0 | 43 | 807 |
| DUES & LICENSES | 519 | 0 | 26 | 493 |
| ADVERTISING & PROMOTION | 20,390 | 0 | 1,020 | 19,370 |
| REPAIRS & MAINTENANCE | 79,062 | 0 | 3,953 | 75,109 |
| COMPUTER SUPPORT FEES | 3,736 | 0 | 187 | 3,549 |
| LOSS ON DISPOSAL OF FIXED ASSETS | 4,440 | 0 | 222 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS INCOME | 627 | 627 | |
| GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS | 11,100 | 11,100 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAIN/LOSS ON INVESTMENTS | 2,832,324 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 6,219 | 0 | 4,975 | 1,244 |
| FEDERAL EXCISE TAX (990-PF) AND STATE INCOME TAX (IA FORM 1120) | 33,962 | 0 | 0 | 27,753 |