| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 1,000 | 0 | 0 | 1,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 1999 FORD F-350 PICKUP TRUCK | 2003-12-01 | 18,800 | 18,800 | SL | 5.000000000000 | 0 | 0 | 0 | |
| BUSH HOG W/BAT WING | 2004-06-28 | 11,495 | 11,495 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FURNACE & DUCTS | 2006-09-30 | 3,621 | 3,621 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| TRACTOR 6100D | 2010-09-27 | 39,764 | 39,764 | SL | 10.000000000000 | 0 | 0 | 0 | |
| TH-2 TENANT HOUSE ROOF | 2011-12-16 | 9,857 | 3,956 | SL | 27.500000000000 | 358 | 0 | 358 | |
| TH-3 LAMINATE FLOOR-TENANTS | 2011-09-30 | 2,374 | 971 | SL | 27.500000000000 | 86 | 0 | 86 | |
| GATOR RIDER | 2011-06-17 | 10,500 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| WATERING SYSTEM | 2011-08-12 | 5,521 | 200DB | 7.000000000000 | 0 | 0 | 0 | ||
| 2011 FENCE CONSERV PROJ | 2011-10-21 | 27,981 | 150DB | 15.000000000000 | 0 | 0 | 1,865 | ||
| RUN-IN SHED #1 | 2011-02-11 | 2,245 | 150DB | 15.000000000000 | 0 | 0 | 150 | ||
| TH-1 2010 UNDERGROUND PUMP | 2010-08-13 | 2,210 | 992 | SL | 27.500000000000 | 80 | 0 | 80 | |
| RUN-IN SHED #2 | 2011-02-11 | 2,513 | 150DB | 15.000000000000 | 0 | 0 | 168 | ||
| RUN-IN SHED # *2A | 2011-03-31 | 1,709 | 150DB | 15.000000000000 | 0 | 0 | 114 | ||
| FARM-1 RUN-IN SHED # 4 | 2012-02-24 | 4,425 | 1,625 | 150DB | 15.000000000000 | 131 | 0 | 295 | |
| FARM-6 - RUN-IN SHD #7 (2012) | 2012-07-18 | 4,571 | 1,678 | 150DB | 15.000000000000 | 135 | 0 | 305 | |
| FARM-7 - RUN-IN SHED #8 (2012) | 2012-07-27 | 4,571 | 1,678 | 150DB | 15.000000000000 | 135 | 0 | 305 | |
| 2012 FENCE IMPROVEMENTS | 2012-11-30 | 5,374 | 2,687 | SL | 3.000000000000 | 0 | 0 | 0 | |
| B-1 BARN IMPROVEMENTS (2012) | 2012-04-20 | 24,872 | 18,264 | 150DB | 15.000000000000 | 1,468 | 0 | 1,658 | |
| HORSE TRAILER | 2012-07-18 | 18,295 | 9,147 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| FE-1 -ROUND PEN | 2012-07-18 | 1,000 | 1,000 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FE-2 - TRAILER HITCH | 2012-08-24 | 789 | 394 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FARM-4 -TRANSFER SWITCH-BARN | 2012-03-09 | 600 | 300 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FARM-2 RUN-IN SHED # 5 | 2012-02-24 | 4,425 | 1,625 | 150DB | 15.000000000000 | 131 | 0 | 295 | |
| FARM 3- RUN-IN SHED # 6 | 2012-02-24 | 4,425 | 1,625 | 150DB | 15.000000000000 | 131 | 0 | 295 | |
| FARM 5- LIGHTNING RODS-RUN IN SHEDS | 2012-06-15 | 878 | 323 | 150DB | 15.000000000000 | 26 | 0 | 59 | |
| FARM-9 - RUN-IN SHED #9 ('13-1) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-14 - RUN-IN SHED #17 ('13-2) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-11 - RUN-IN SHED #10 ('13-3) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-12 - RUN-IN SHED #11 ('13-4) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-8 - WATER LINE SYSTEM | 2013-10-18 | 47,165 | 15,482 | 150DB | 15.000000000000 | 1,473 | 0 | 3,144 | |
| FARM-15 - RUN-IN SHED #12 ('13-5) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-16 - RUN-IN SHED #13 ('13-6) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-13 - RUN-IN SHED #14 ('13-7) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-17 - RUN-IN SHED #15 ('13-8) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| FARM-10 - RUN-IN SHED #16 ('13-9) | 2013-11-01 | 4,425 | 1,453 | 150DB | 15.000000000000 | 138 | 0 | 295 | |
| TH-4 - TENANT HOUSE--WINDOWS | 2013-03-22 | 8,639 | 3,075 | SL | 27.500000000000 | 314 | 0 | 314 | |
| FE-4 - MANURE SPREADER-MILLCREEK 27G-USED | 2013-11-01 | 800 | 800 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| F-2 - 2013 FENCE PROJ (FOR 9 PADDOCKS) | 2013-10-04 | 42,507 | 13,953 | 150DB | 15.000000000000 | 1,327 | 0 | 2,834 | |
| TH-6 -TENANT HOUSE RENNOVATIONS | 2014-10-31 | 35,250 | 10,523 | SL | 27.500000000000 | 1,282 | 0 | 1,282 | |
| FARM-23 - EXPAND WATERING SYSTEM | 2014-10-17 | 22,470 | 13,415 | 150DB | 15.000000000000 | 1,393 | 0 | 1,498 | |
| FARM-18 - DEMOLISH CORN CRIBS AND SLABS | 2014-08-15 | 3,000 | 1,829 | 150DB | 15.000000000000 | 180 | 0 | 200 | |
| FARM-19 - PASTURE 6 ACCESS ROAD | 2014-11-14 | 40,942 | 24,442 | 150DB | 15.000000000000 | 2,538 | 0 | 2,729 | |
| FE-5 - TIRMMER ATTACHEIENT (TRACTOR) | 2014-04-18 | 1,200 | 600 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FE-6 -CORRAL PANELS | 2014-08-19 | 800 | 400 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FE-8 - CISTERN WELL PUMP - 1HP | 2014-12-12 | 4,902 | 2,451 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| F-3 - FENCELINE FOR NEW PADDOCKS | 2014-11-14 | 8,575 | 5,119 | 150DB | 15.000000000000 | 532 | 0 | 572 | |
| F-4- PAINT PASTURE 6 FENCES | 2014-11-14 | 4,525 | 2,702 | 150DB | 15.000000000000 | 280 | 0 | 302 | |
| B-2 - 50 GALLON HOT WATER HEATER - BARN | 2014-04-04 | 1,566 | 449 | SL | 15.000000000000 | 52 | 0 | 104 | |
| FARM-20 - 12X20 SHED ROW IN L-SHAPEW/10'OVERHANG | 2015-04-22 | 14,340 | 4,018 | SL | 27.500000000000 | 521 | 0 | 521 | |
| FARM-21 -PAD SITE FOR MEDICAL BLDG, IN PADDOCK#7 | 2015-04-24 | 4,625 | 1,295 | SL | 27.500000000000 | 168 | 0 | 168 | |
| FARM-22 - SNAKE HILL RD PASTURE | 2015-08-21 | 5,000 | 2,786 | 150DB | 15.000000000000 | 295 | 0 | 333 | |
| FE-9 -WASHING BLANKETS | 2015-03-23 | 631 | 315 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FE-10 -FLATBED TRAILER | 2015-09-23 | 1,300 | 650 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| TH-7 - TRANE XR14 AC UNIT 1 | 2016-07-27 | 6,000 | 1,408 | SL | 27.500000000000 | 218 | 0 | 218 | |
| TH-8 - TRANE XR14 AC UNIT 2 | 2016-07-27 | 6,000 | 1,408 | SL | 27.500000000000 | 218 | 0 | 218 | |
| TH-9 - TENNANT HOUSE WASHER/DRYER | 2016-12-09 | 1,066 | 509 | 200DB | 7.000000000000 | 24 | 0 | 140 | |
| FE-11 -2015 KUBOTA RTVX900 | 2016-03-04 | 12,690 | 6,062 | 200DB | 7.000000000000 | 283 | 0 | 302 | |
| FE-12 -DR TRIMMER/MOWER | 2016-05-27 | 700 | 334 | 200DB | 7.000000000000 | 16 | 0 | 42 | |
| FE-14-PRESSURE WASHER - GASOLINE POWERED | 2016-09-02 | 294 | 140 | 200DB | 7.000000000000 | 7 | 0 | 28 | |
| FE-13 -PORTABLE GENERATOR - GAS | 2016-09-02 | 714 | 342 | 200DB | 7.000000000000 | 16 | 0 | 68 | |
| V-1 -ENGINE - FORD E350 PICKUP | 2016-02-19 | 6,210 | 6,210 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| B-3 - REPLACEMENT STAIRS - SMALL BARN | 2016-06-24 | 3,019 | 719 | SL | 27.500000000000 | 110 | 0 | 110 | |
| B-4 - BARN LIGHTING (2017) | 2017-09-01 | 2,877 | 1,245 | 200DB | 7.000000000000 | 129 | 0 | 411 | |
| FE-15-KUBOTA TRACTOR (2017) | 2017-02-17 | 23,260 | 10,073 | 200DB | 7.000000000000 | 1,038 | 0 | 3,323 | |
| TH-5 - DRAWINGS & DESIGNS (TENANT HOUSE) | 2013-11-15 | 5,281 | 2,653 | SL | 15.000000000000 | 352 | 0 | 352 | |
| JOHN DEERE FARM LOADER | 2003-12-01 | 4,950 | 4,950 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| POST POUNDER MODEL HD - 10 | 2003-12-01 | 2,500 | 2,500 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| PERFECTA CULTIVATOR TOOL | 2003-12-01 | 1,184 | 1,184 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| CULLIGAN WATER PURIFIER | 2004-05-17 | 1,634 | 1,634 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| FE-16-SNOW BLADE | 2018-01-03 | 2,415 | 200DB | 5.000000000000 | 0 | 0 | 0 | ||
| FARM-24-AUTOMATIC WATERER (FARM 23) | 2018-11-23 | 8,808 | 200DB | 5.000000000000 | 0 | 0 | 1,615 | ||
| B-5 - BARN ROOF REPAIR | 2018-09-11 | 7,975 | 877 | SL | 39.000000000000 | 204 | 0 | 204 | |
| FARM-25-SISTURN PUMP (FARM 24) | 2019-08-16 | 3,256 | 200DB | 5.000000000000 | 0 | 0 | 651 | ||
| TH-10 - GENERATOR | 2020-12-18 | 3,159 | 235 | SL | 27.500000000000 | 115 | 0 | 115 | |
| FARM-26 - ELECTRICITY MAIN PASTURE | 2020-10-23 | 18,622 | 3,727 | 150DB | 15.000000000000 | 1,490 | 0 | 1,241 | |
| FE-17 EXMARK MOWER | 2020-01-03 | 8,274 | 200DB | 5.000000000000 | 0 | 0 | 1,655 | ||
| FE-18 - KUBOTA RTV-X900 | 2020-10-23 | 15,558 | 200DB | 5.000000000000 | 0 | 0 | 3,112 | ||
| FARM-27 SHED 12X24 | 2021-07-05 | 12,252 | 150DB | 15.000000000000 | 0 | 0 | 817 | ||
| F-5 3 BOARD PADDOCK FENCE | 2021-06-18 | 24,110 | 150DB | 15.000000000000 | 0 | 0 | 1,607 | ||
| F-1 2010 FENCE IMPROV - REMAINING | 2010-11-01 | 6,748 | 6,748 | SL | 10.000000000000 | 0 | 0 | 0 | |
| FE-19 L.A.R.G.E RESCUE GLIDES | 2022-07-01 | 2,894 | 200DB | 5.000000000000 | 0 | 0 | 579 | ||
| FE-20 BROWNING EQUIPMERNT - TRIMMER | 2022-09-09 | 370 | 200DB | 5.000000000000 | 0 | 0 | 74 | ||
| F-6 NEW FENCE AND GATE | 2022-09-09 | 13,828 | 150DB | 15.000000000000 | 0 | 0 | 922 | ||
| B-6 BARN ROOF | 2022-09-09 | 9,525 | 71 | SL | 39.000000000000 | 244 | 0 | 244 | |
| FARM-28 FENCE PAINTING | 2022-10-21 | 1,570 | 200DB | 5.000000000000 | 0 | 0 | 314 | ||
| TH-11 WINDOW REPLACEMENT | 2023-03-10 | 6,081 | SL | 27.500000000000 | 175 | 0 | 175 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| GATOR RIDER | 2011-06 | PURCHASED | 2023-01 | 10,500 | 10,500 | COST | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART XIII, TREATED AS DISTRIBUTION FROM CORPUS EXPLANATION STATEMENT | PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2). THEABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEARQUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PROCEEDINGTAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS.VARIOUS DATES IN 2023 QUALIFYING DISTRIBUTIONS $593,898 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE EQUIPMENT | 1,634 | 1,634 | 0 | 0 |
| FARM EQUIPMENT | 165,921 | 165,402 | 519 | 519 |
| FARM VEHICLES | 25,010 | 25,010 | 0 | 0 |
| TENANT HOUSE IMPROVEMENTS | 85,916 | 29,485 | 56,431 | 56,431 |
| FENCING | 133,648 | 123,208 | 10,440 | 10,440 |
| FARM IMPROVEMENTS | 252,238 | 186,714 | 65,524 | 65,524 |
| BARN IMPROVEMENTS | 49,834 | 26,054 | 23,780 | 23,780 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 3,041 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 15,514 | 0 | 0 | 15,514 |
| UTILITIES | 18,852 | 0 | 0 | 18,852 |
| TELEPHONE | 1,770 | 0 | 0 | 1,770 |
| FARM SUPPLIES | 681 | 0 | 0 | 681 |
| GASOLINE | 948 | 0 | 0 | 948 |
| REPAIRS & MAINTENANCE | 17,910 | 0 | 0 | 17,910 |
| HORSE & ANIMAL CARE COSTS | 232,294 | 0 | 0 | 232,294 |
| OFFICE EXPENSE | 1,082 | 0 | 0 | 1,082 |
| MISCELLANEOUS | 4,873 | 0 | 0 | 4,873 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 17,533 | 0 | 0 | 17,533 |