| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 37,840 | 37,840 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| WEBSITE ADDRESS | FORM 990-PF, PART VII-A, LINE 13 | HTTPS://BROADWAY.BANK/WEALTH-MANAGEMENT/FOUNDATION-GRANTS-MANAGEMENT/NANCY-SMITH-HURD-FOUNDATION |
| AMENDED RETURN | FORM 990-PF PART XII AND PART X | THE 2022 FORM 990-PF IS BEING AMENDED TO UPDATE PART XII, LINE 2A COL C TO REFLECT THE UPDATED UNDISTRIBUTED INCOME FROM 2021 WHICH WAS REDUCED BY THE INCOME TAX PAID FOR 2021 AND NOT REFLECTED IN THE 2021 FORM 990-PF AS ORIGINALLY FILED. AN ADDITIONAL CORRECTION IS BEING MADE TO PART X, LINE 2B TO RELFECT THE INCOME TAX PAID WITH THE 2022 FORM 990-T WHICH WAS NOT REPORTED ON THE 2022 FORM 990-PF AS ORIGINALLY FILED. THE CUMULATIVE CHANGE IS THEN REFLECTED IN LINE 6, PART XII. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 7,446,359 | 6,803,823 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SECURITIES | 40,075,651 | 46,025,039 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MINERAL INTEREST | FMV | 347,950 | 949,874 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 46,246 | 46,246 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| HURD ENTERPRISES, LTD | 30,808,498 | 32,996,487 | 30,813,000 |
| HURD INVESTMENTS, LTD | 2,845,597 | 2,733,358 | 2,392,000 |
| TIOS PRODUCTION COMPANY, LTD | 16,232 | 16,155 | 1,182,000 |
| UNREALIZED GAIN/(LOSS) ON PARTNERSHIP INVESTMENTS | -13,366,209 | -13,366,209 | 0 |
| Description | Amount |
|---|---|
| OTHER ADJUSTMENTS | 154,962 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 2,741 | 2,741 | 0 | |
| ROYALTY EXPENSES | 77,196 | 77,196 | 0 | |
| PORTFOLIO DEDUCTIONS | 54,015 | 54,015 | 0 | |
| CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH | 635 | 635 | 0 | |
| OTHER DEDUCTIONS FROM PASSTHROUGH | 26,312 | 26,312 | 0 | |
| INVESTMENT INTEREST EXPENSE - HURD ENTERPRISES | 3,571 | 3,571 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 316,625 | 316,625 | 316,625 |
| ROYALTY INCOME - HURD ENTERPRISES | 492,554 | 492,554 | 492,554 |
| ROYALTY INCOME - HURD INVESTMENTS, LTD | 1 | 1 | 1 |
| MISCELLANEOUS INCOME - INVESTMENTS | 130 | 130 | 130 |
| OTHER INCOME - HURD ENTERPRISES | 5,780 | 5,780 | 5,780 |
| OTHER TAX EXEMPT INCOME - HURD ENTERPRISES | -5,780 | 0 | -5,780 |
| OTHER PORTFOLIO INCOME - HURD INVESTMENTS | 2,646 | 2,646 | 2,646 |
| OTHER TAX EXEMPT INCOME - HURD INVESTMENTS | 12 | 0 | 12 |
| OTHER INCOME - HURD INVESTMENTS | -650 | -650 | -650 |
| ORDINARY INCOME - HURD ENTERPRISES | 6,269,968 | 0 | 6,269,968 |
| IDC - HURD ENTERPRISES | -2,918,164 | 0 | -2,918,164 |
| ORDINARY INCOME - HURD INVESTMENTS | -87,386 | 0 | -87,386 |
| OTHER RENTAL INCOME - HURD ENTERPRISES | 17,562 | 0 | 17,562 |
| RENTAL REAL ESTATE INCOME - HURD ENTERPRISES | -297,208 | 0 | -297,208 |
| RENTAL REAL ESTATE INCOME - HURD INVESTMENTS | -432 | 0 | -432 |
| RENTAL REAL ESTATE INCOME - TIOS PRODUCTION CO. | -77 | 0 | -77 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 353,445 | 353,445 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 19,541 | 19,541 | 0 |