| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 24,500 | 12,250 | 0 | 12,250 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JP MORGAN STOCK | 8,582 | 32,058 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS & IMPROVEMENTS | 3,575,198 | 1,324,933 | 2,250,265 | 6,107,763 |
| LAND | 413,885 | 0 | 413,885 | 744,733 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MINERAL INTERESTS | FMV | 69,884 | 2,823,262 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS & IMPROVEMENTS | 275,339 | 201,301 | 74,038 | 303,660 |
| LAND | 55,620 | 0 | 55,620 | 61,340 |
| FURNITURE & EQUIPMENT | 48,838 | 47,543 | 1,295 | 29,775 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 18,514 | 0 | 0 | 18,514 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID COMMISSIONS | 191,249 | 171,253 | 171,253 |
| ORGANIZATION EXPENSE | 350 | 350 | 350 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 60,677 | 34,993 | 0 | 25,684 |
| INSURANCE | 47,619 | 44,661 | 0 | 2,958 |
| COMMISSIONS | 24,375 | 24,375 | 0 | 0 |
| MINISTRY EXPENSE | 17,281 | 0 | 0 | 17,281 |
| CONTRACT LABOR | 16,560 | 0 | 0 | 16,560 |
| CELLULAR PHONE | 2,533 | 0 | 0 | 2,533 |
| DUES & PUBLICATIONS | 410 | 0 | 0 | 410 |
| POSTAGE | 210 | 0 | 0 | 210 |
| BANK CHARGES | 48 | 24 | 0 | 24 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS ROYALTIES | 564,652 | 564,652 | 564,652 |
| FEDERAL INCOME TAX REFUNDS | 7,476 | 7,476 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 282,000 | 141,000 | 0 | 141,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 36,183 | 33,024 | 0 | 3,248 |
| FEDERAL INCOME TAX | 8,000 | 0 | 0 | 0 |
| MISCELLANEOUS TAXES | 89 | 0 | 0 | 0 |