| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PAYROLL PREPARATION | 6,800 | 0 | 0 | 0 |
| Person Name | Explanation |
|---|---|
| STEVE LANGSTON | managing foundation grant determinations |
| NEAL LANGSTON | managing foundation grant determinations |
| STEVE LANGSTON JR | grant determinations |
| SUSAN LANGSTON | managing foundation grant determinations |
| CHARLES SCOTT | grant determinations |
| NANETTE LANGSTON | grant determinations |
| KATIE HEMPHILL | grant determinations |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| CONDO-Wyoming | 2008-04-20 | 775,000 | 284,974 | SL 40 | 40.000000 | 19,375 | 19,375 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CHARLES SCHWAB-brokerage accounts | 934,311 | 1,061,014 |
| MORGAN STANLEY-brokerage accounts | 967,412 | 1,133,927 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| RENTAL FURNISHINGS | 0 | 0 | 0 | 0 |
| CONDO-Wyoming | 490,026 | 304,349 | 470,651 | 1,900,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OVERPAID WAGES | 1,461 | 2,368 | 2,368 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK BROKER FEES | 22,305 | 22,215 | 0 | 0 |
| INFO TECH | 6,182 | 0 | 0 | 4,142 |
| LICENSES | 867 | 0 | 0 | 0 |
| OFFICE EXPENSES | 2,390 | 0 | 0 | 1,601 |
| RENTAL EXPENSES | 44,316 | 44,316 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 5,772 | 469 | 0 | 3,867 |