Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
RUBY AND ERNEST MCSWAIN WORTHY LANDS
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2280
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANFORD, NC27331
A Employer identification number

46-7170073
B Telephone number (see instructions)

(919) 721-6725
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$33,415,535
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 58 58  
4 Dividends and interest from securities... 942,600 942,600  
5a Gross rents............ 14,532    
b Net rental income or (loss) 14,532
6a Net gain or (loss) from sale of assets not on line 10 1,470,238
b Gross sales price for all assets on line 6a 15,014,660
7 Capital gain net income (from Part IV, line 2)... 1,470,238
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,427,428 2,412,896  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 136,756 68,378   68,378
14 Other employee salaries and wages...... 19,620 19,620   0
15 Pension plans, employee benefits....... 2,452 2,452   0
16a Legal fees (attach schedule)......... 3,346 3,346   0
b Accounting fees (attach schedule)....... 3,480 3,480   0
c Other professional fees (attach schedule).... 102,934 102,934   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 141,971 141,971   0
19 Depreciation (attach schedule) and depletion... 40,392 0  
20 Occupancy.............. 91,839 91,839   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 13,646 13,646   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 556,436 447,666   68,378
25 Contributions, gifts, grants paid....... 957,000 957,000
26 Total expenses and disbursements. Add lines 24 and 25 1,513,436 447,666   1,025,378
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 913,992
b Net investment income (if negative, enter -0-) 1,965,230
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 310,404 311,515 311,515
2 Savings and temporary cash investments......... 456,073 282,786 282,786
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 20,841,157 Click to see attachment
List of Attached Documents:
// Content
21,859,764
26,849,498
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow4,699,279
Less: accumulated depreciation (attach schedule) right arrow   4,699,279 4,699,279 4,699,279
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,702,090
Less: accumulated depreciation (attach schedule) right arrow431,283 1,202,589 Click to see attachment
List of Attached Documents:
// Content
1,270,807
1,270,807
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,650
Click to see attachment
List of Attached Documents:
// Content
1,650
Click to see attachment
List of Attached Documents:
// Content
1,650
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,511,152 28,425,801 33,415,535
Liabilities 17 Accounts payable and accrued expenses.......... 1,057 1,714
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,057 1,714
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 27,510,095 28,424,087
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 27,510,095 28,424,087
30 Total liabilities and net assets/fund balances (see instructions). 27,511,152 28,425,801
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
27,510,095
2
Enter amount from Part I, line 27a .....................
2
913,992
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
28,424,087
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,424,087
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a FIDELITY - CAPTRUST SECURITY SALES P 2024-07-01 2024-12-31
b FIDELITY - CAPTRUST SECURITY SALES P 2022-12-31 2024-12-31
c NCDOT P 2022-12-31 2024-12-31
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,669,407   1,696,354 -26,947
b 13,315,303   11,848,068 1,467,235
c 29,950     29,950
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       -26,947
b       1,467,235
c       29,950
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 1,470,238
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 27,317
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 27,317
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,317
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,110
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,110
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 17,207
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowHUBERT L BLACKMON Telephone no.right arrow (919) 774-1419

Located atright arrowPO BOX 2280SANFORDNC ZIP+4right arrow27331
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
HUBERT L BLACKMON TRUSTEE
40.00
78,436 0 0
PO BOX 2280
SANFORD,NC27331
ANITA BLACKMON TRUSTEE
40.00
58,320 0 0
PO BOX 2280
SANFORD,NC27331
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
26,677,688
b
Average of monthly cash balances.......................
1b
820,499
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
27,498,187
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
27,498,187
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
412,473
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,085,714
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,354,286
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,354,286
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
27,317
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,317
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,326,969
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,326,969
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,326,969
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,025,378
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,025,378
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,326,969
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 240,759
e From 2023...... 42,577
f Total of lines 3a through e ........ 283,336
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,025,378
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions).....
0
c Treated as distributions out of corpus (Election
required—see instructions)........
0
d Applied to 2024 distributable amount..... 1,025,378
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 283,336 283,336
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
18,255
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

AMERICAN RED CROSS

100 PEARTREE LANE
RALEIGH,NC27610
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 25,000

BAPTIST ON MISSION

PO BOX 1107
CARY,NC27512
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 10,000

BOYS AND GIRLS CLUB OF CENTRAL CAROLINA

1013 CARTHAGE STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 25,000

BREAD OF LIFE MINISTRY OF SANFORD

PO BOX 175
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 25,000

BREADBASKET OF SANFORD

PO BOX 912
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

CCCC FOUNDATION

1105 KELLY DRIVE
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 5,000

CHRISTIANS UNITED OUTREACH CENTER

PO BOX 2217
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

ENRICHMENT CENTER OF LEE COUNTY

1615 SOUTH THIRD STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

FIRST BAPTIST CHURCH

202 SUMMITT DRIVE
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 10,000

FLOYD L KNIGHT SCHOOL

607 WEST MCINTOSH STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 5,000

FOOD BANK OF CENTRAL AND EASTERN NC

1924 CAPITAL BLVD
RALEIGH,NC27604
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 75,000

FOSTER PARENT ASSOCIATION

2309 GRASSMERE CT
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

HELPING HANDS CLINIC

507 NORTH STEELE STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 10,000

HOLLY'S NEST

PO BOX 4086
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 10,000

INGRAM FAMILY YMCA

1907 KM WICKER MEMORIAL DR
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 25,000

LEE COUNTY EDUCATION FOUNDATION

PO BOX 98
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 50,000

LEE COUNTY HAVEN

215 BRACKEN STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

MEALS ON WHEELS

PO BOX 2991
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 20,000

NCSU - NC VETERINARY MEDICAL FOUNDATION

CAMPUS BOX 7207
RALEIGH,NC276957207
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 50,000

OUTREACH MISSION

PO BOX 476
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 110,000

SALVATION ARMY

507 NORTH STEELE STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 35,000

SANFORD BRUSH & PALETTE CLUB

507 NORTH STEELE STREET
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPEINT'S EXEMPT PURPOSE 32,000

TEMPLE THEATRE

PO BOX 1391
SANFORD,NC27331
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 50,000

UNC HEALTH FOUNDATION

123 W FRANKLIN STREET SUITE 510
CHAPEL HILL,NC27516
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 5,000

BEST FRIEND PET ADOPTION

575 NEW WAVERLY PL STE 103-A
CARY,NC27518
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 5,000

CAROLINA ANIMAL RESCUE & ADOPTION

42 DEEP RIVER RD
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 15,000

CITY OF SANFORD

225 E WEATHERSPOON ST
SANFORD,NC27330
N/A LOCAL GOVERNMENT FUND RECIPIENT'S EXEMPT PURPOSE 250,000

FAMILY PROMISE

2302 WOODLAND AVE
SANFORD,NC27330
N/A PUBLIC CHARITY FUND RECIPIENT'S EXEMPT PURPOSE 10,000
Total .................................right arrow 3a 957,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
    14 58  
4 Dividends and interest from securities ....     14 942,600  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     03 14,532  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............
    18 1,470,238  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,427,428 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,427,428
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,480 3,480   0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
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
ELECTRICAL WORK 2014-12-31 8,311 5,055 SL 15.000000000000 554 0    
ROAD WORK 2014-09-26 9,000 5,625 SL 15.000000000000 600 0    
FARM OFFICE 2014-01-01 168,281 48,853 SL 39.000000000000 4,315 0    
METAL BUILDING 2014-01-01 26,069 6,792 SL 39.000000000000 668 0    
STORAGE BUILDING 2015-05-14 4,494 3,143 SL 10.000000000000 449 0    
2 FILING CABINETS 2014-12-19 267 267 SL 7.000000000000 0 0    
2 DESKS 2014-12-19 1,484 1,484 SL 7.000000000000 0 0    
2 BOOKCASES 2014-12-19 630 630 SL 7.000000000000 0 0    
2 CHAIRS 2014-12-19 278 278 SL 7.000000000000 0 0    
FURNITURE 2014-11-13 294 294 SL 7.000000000000 0 0    
OFFSET BLADE 2014-12-31 1,050 1,050 SL 7.000000000000 0 0    
TOW DOLLY 2014-12-31 1,585 1,585 SL 7.000000000000 0 0    
MOWER 2014-09-16 3,750 3,750 SL 7.000000000000 0 0    
HP LASER PRINTER 2017-04-06 407 407 SL 5.000000000000 0 0    
HP LAPTOP 2017-04-06 387 387 SL 5.000000000000 0 0    
OFFICE FURNTIURE 2014-12-04 683 683 SL 7.000000000000 0 0    
2017 KUBOTA SVL 95 2017-09-18 88,275 88,275 SL 5.000000000000 0 0    
KUBOTA L4400 TRACTOR ACCESSORIES 2017-08-01 10,432 10,432 SL 5.000000000000 0 0    
24' GATE 2017-10-14 833 519 SL 10.000000000000 83 0    
30' GATE 2017-10-14 1,042 650 SL 10.000000000000 104 0    
FENCING 2017-09-27 5,001 3,125 SL 10.000000000000 500 0    
GENERATOR 2017-09-22 3,900 2,438 SL 10.000000000000 390 0    
POUR PAD 2017-08-11 2,390 1,020 SL 15.000000000000 159 0    
2010 CHRYSLER HANDICAP VAN 2017-08-01 42,861 42,861 SL 5.000000000000 0 0    
2017 RAM 2500 2017-07-11 47,900 47,900 SL 5.000000000000 0 0    
2017 VALOR GOLF CART 2017-06-01 6,022 6,022 SL 5.000000000000 0 0    
PULVIZER ATTACHMENT 2018-04-11 2,087 2,087 SL 5.000000000000 0 0    
2018 KUBOTO ZERO TURN MOWER 2018-03-26 15,515 15,515 SL 5.000000000000 0 0    
72" POINT HITCH TILLER 2018-02-27 1,856 1,856 SL 5.000000000000 0 0    
HOME IMPROVEMENTS 2018-12-31 12,258 4,085 SL 15.000000000000 817 0    
BED LINER FOR 2017 RAM 2018-05-07 2,032 2,032 SL 5.000000000000 0 0    
IMPROVEMENTS - WORTHY HOUSE 2021-12-31 884,754   L   0 0    
OUTDOOR CLASSROOM 2020-03-02 64,121 12,290 SL 20.000000000000 3,206 0    
POWER RAKE 2019-06-10 9,241 8,470 SL 5.000000000000 771 0    
DOZER BLADE 2019-06-13 5,273 4,835 SL 5.000000000000 438 0    
CONTROLLER KIT 2019-06-13 934 857 SL 5.000000000000 77 0    
14 PIN ADAPTER 2019-06-13 458 421 SL 5.000000000000 37 0    
KUBOTA UTILITY VEHICLE 2019-09-16 23,005 19,554 SL 5.000000000000 3,451 0    
FENCING 2019-02-07 1,475 727 SL 10.000000000000 148 0    
GENERATOR 2019-02-13 8,604 4,229 SL 10.000000000000 860 0    
ENCLOSED TRAILER - 7 X 16 2019-09-19 4,390 3,732 SL 5.000000000000 658 0    
HP COLOR LASER JET PRINTER 2020-05-07 473 348 SL 5.000000000000 95 0    
NO TILL SEEDER - 78" 2020-03-17 5,885 4,414 SL 5.000000000000 1,177 0    
WORTHY HOUSE FURNISHINGS 2021-12-16 24,078 4,816 SL 10.000000000000 2,408 0    
WORTHY HOUSE DISPLAY CABINETS 2021-12-02 8,625 1,198 SL 15.000000000000 575 0    
IMPROVEMENTS - 2308 TRAMWAY ROAD 2021-02-11 1,470 429 SL 10.000000000000 147 0    
TRAILER - 6 X 10 X 18 2021-06-01 4,221 2,180 SL 5.000000000000 844 0    
WORTHY HOUSE FURNISHINGS 2022-07-01 31,645 6,781 SL 7.000000000000 4,521 0    
OFFICE FURNTIURE 2022-05-06 3,692 1,230 SL 5.000000000000 738 0    
OFFICE CHAIR REUPHOLSTRY 2022-08-17 428 115 SL 5.000000000000 86 0    
LP LINES TO COTTAGE 2022-08-05 535 76 SL 10.000000000000 54 0    
HVAC UNIT 2022-08-03 6,472 917 SL 10.000000000000 647 0    
COMPUTER EQUIPMENT 2022-12-07 428 93 SL 5.000000000000 86 0    
GRAVLEY 6 SEATER 2022-11-10 22,149 3,691 SL 7.000000000000 3,164 0    
SURVEY 2022-03-18 6,817   L   0 0    
COMPUTER EQUIPMENT 2023-07-07 1,252 125 SL 5.000000000000 250 0    
WORTHY HOUSE FURNISHINGS 2023-07-15 3,681 263 SL 7.000000000000 526 0    
OFFICE CHAIR REUPHOLSTRY 2024-05-02 428   SL 5.000000000000 57 0    
TRACTOR 2024-08-28 87,201   SL 5.000000000000 5,813 0    
TRACTOR DOORS, HEATER, ETC 2024-10-29 13,566   SL 5.000000000000 452 0    
HEAT PUMP 2024-04-05 5,670   SL 10.000000000000 425 0    
WORTHY HOUSE FURNISHINGS 2024-10-28 1,745   SL 7.000000000000 42 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Name of Stock End of Year Book Value End of Year Fair Market Value
CAPTRUST 21,859,764 26,849,498

TY 2024 LandEtcSchedule2
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
ELECTRICAL WORK 8,311 5,609 2,702  
ROAD WORK 9,000 6,225 2,775  
FARM OFFICE 168,281 53,168 115,113  
METAL BUILDING 26,069 7,460 18,609  
STORAGE BUILDING 4,494 3,592 902  
2 FILING CABINETS 267 267 0  
2 DESKS 1,484 1,484 0  
2 BOOKCASES 630 630 0  
2 CHAIRS 278 278 0  
FURNITURE 294 294 0  
OFFSET BLADE 1,050 1,050 0  
TOW DOLLY 1,585 1,585 0  
MOWER 3,750 3,750 0  
HP LASER PRINTER 407 407 0  
HP LAPTOP 387 387 0  
OFFICE FURNTIURE 683 683 0  
2017 KUBOTA SVL 95 88,275 88,275 0  
KUBOTA L4400 TRACTOR ACCESSORIES 10,432 10,432 0  
24' GATE 833 602 231  
30' GATE 1,042 754 288  
FENCING 5,001 3,625 1,376  
GENERATOR 3,900 2,828 1,072  
POUR PAD 2,390 1,179 1,211  
2010 CHRYSLER HANDICAP VAN 42,861 42,861 0  
2017 RAM 2500 47,900 47,900 0  
2017 VALOR GOLF CART 6,022 6,022 0  
PULVIZER ATTACHMENT 2,087 2,087 0  
2018 KUBOTO ZERO TURN MOWER 15,515 15,515 0  
72" POINT HITCH TILLER 1,856 1,856 0  
HOME IMPROVEMENTS 12,258 4,902 7,356  
BED LINER FOR 2017 RAM 2,032 2,032 0  
IMPROVEMENTS - WORTHY HOUSE 884,754 0 884,754  
OUTDOOR CLASSROOM 64,121 15,496 48,625  
POWER RAKE 9,241 9,241 0  
DOZER BLADE 5,273 5,273 0  
CONTROLLER KIT 934 934 0  
14 PIN ADAPTER 458 458 0  
KUBOTA UTILITY VEHICLE 23,005 23,005 0  
FENCING 1,475 875 600  
GENERATOR 8,604 5,089 3,515  
ENCLOSED TRAILER - 7 X 16 4,390 4,390 0  
HP COLOR LASER JET PRINTER 473 443 30  
NO TILL SEEDER - 78" 5,885 5,591 294  
WORTHY HOUSE FURNISHINGS 24,078 7,224 16,854  
WORTHY HOUSE DISPLAY CABINETS 8,625 1,773 6,852  
IMPROVEMENTS - 2308 TRAMWAY ROAD 1,470 576 894  
TRAILER - 6 X 10 X 18 4,221 3,024 1,197  
WORTHY HOUSE FURNISHINGS 31,645 11,302 20,343  
OFFICE FURNTIURE 3,692 1,968 1,724  
OFFICE CHAIR REUPHOLSTRY 428 201 227  
LP LINES TO COTTAGE 535 130 405  
HVAC UNIT 6,472 1,564 4,908  
COMPUTER EQUIPMENT 428 179 249  
GRAVLEY 6 SEATER 22,149 6,855 15,294  
SURVEY 6,817 0 6,817  
COMPUTER EQUIPMENT 1,252 375 877  
WORTHY HOUSE FURNISHINGS 3,681 789 2,892  
OFFICE CHAIR REUPHOLSTRY 428 57 371  
TRACTOR 87,201 5,813 81,388  
TRACTOR DOORS, HEATER, ETC 13,566 452 13,114  
HEAT PUMP 5,670 425 5,245  
WORTHY HOUSE FURNISHINGS 1,745 42 1,703  


TY 2024 LegalFeesSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,346 3,346   0


TY 2024 OtherAssetsSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UTILITY DEPOSIT 150 150 150
BURIAL PLOTS 1,500 1,500 1,500


TY 2024 OtherExpensesSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTOMOBILE EXPENSES 6,605 6,605   0
OFFICE SUPPLIES 4,888 4,888   0
HEAVY EQUIPMENT COSTS 1,371 1,371   0
MISCELLANEOUS 782 782   0


TY 2024 OtherProfessionalFeesSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 102,934 102,934   0


TY 2024 TaxesSchedule
Name:
RUBY AND ERNEST MCSWAIN WORTHY LANDS
EIN:
46-7170073
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAX 135,659 135,659   0
FOREIGN TAXES ON DIVIDENDS 4,612 4,612   0
PRIVATE FOUNDATION TAXES 1,700 1,700   0