| Category | Amount |
|---|---|
| HELEN GUGH AND TILLIE WALKER BEQUESTED THEIR INTEREST IN OIL WELLS. OIL ROYALTIES ARE THE MAIN SOURCE OF REVENUE FOR THE MUSEUM. ALSO INCLUDED IS BANK INTEREST INCOME. | 84,701 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND BUILDINGS EQUIP | 582,715 | 0 | 582,715 | 582,715 |
| PLANNING FOR MUSEUM EXPANSION | 76,708 | 0 | 76,708 | 76,708 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TWO OIL WELLS | 40,000 | 40,000 | 40,000 |
| PREPAID 990PF TAX | 0 | 1,829 | 1,829 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,838 | 0 | 5,838 | 5,838 |
| BUSINESS FEES | 15 | 0 | 15 | 15 |
| OFFICE SUPPLIES POSTAGE | 3,982 | 0 | 3,982 | 3,982 |
| ADVERTISING | 252 | 0 | 252 | 252 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL ROYALTIES | 65,331 | 65,331 | 0 |
| ADMISSIONS | 65 | 0 | 65 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 32,932 | 0 | 32,932 | 32,932 |
| FORM 990 | 12,952 | 0 | 12,952 | 12,952 |