| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 24,650 | 12,325 | 0 | 12,325 |
| 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 |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JP MORGAN STOCK | 8,582 | 36,849 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MINERAL INTERESTS | 69,884 | 28,355 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 1,579 | 0 | 0 | 1,579 |
| Item No. | 1 |
|---|---|
| Lender's Name | QUAIL CREEK BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 935,000 |
| Balance Due | 0 |
| Date of Note | 2015-12 |
| Maturity Date | 2030-12 |
| Repayment Terms | MONTHLY |
| Interest Rate | 4.75 |
| Security Provided by Borrower | BUILDING AND 0.51 ACRES OF LAND |
| Purpose of Loan | PURCHASE INVESTMENT PROPERTY |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID COMMISSIONS | 205,635 | 191,249 | 191,249 |
| ORGANIZATION EXPENSE | 350 | 350 | 350 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 67,897 | 32,586 | 0 | 33,930 |
| INSURANCE | 45,166 | 38,795 | 0 | 4,019 |
| MINISTRY EXPENSE | 16,388 | 0 | 0 | 16,388 |
| COMMISSIONS | 15,736 | 12,229 | 0 | 0 |
| CONTRACT LABOR | 13,644 | 0 | 0 | 13,644 |
| CELLULAR PHONE | 2,114 | 0 | 0 | 2,114 |
| DUES & PUBLICATIONS | 180 | 0 | 0 | 180 |
| BANK CHARGES | 59 | 29 | 0 | 30 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS ROYALTIES | 5,671 | 5,671 |
| Description | Amount |
|---|---|
| UNREALIZED INCREASE IN ASSETS | 15,401 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 196,000 | 98,000 | 0 | 98,000 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| BOOK SALES | 403 | 309 | 94 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 35,754 | 32,715 | 3,077 | |
| FEDERAL INCOME TAX | 6,677 | |||
| STATE INCOME TAX | 3,000 | |||
| MISCELLANEOUS TAXES | 89 |