| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CPA FEES | 6,225 | 3,113 | 3,112 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| CHS-OIL ROYALTY INTEREST | 2020-05-02 | 20,000 | 16,000 | 5.0000 | 4,000 | 4,000 | 20,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| S/2 - 30-17-18 - RUSH CO. - LAND | 2020-05-27 | 368,855 | |||||||
| S/2 - 30-17-18 - RUSH CO. - HOUSE | 2020-05-27 | 100,000 | |||||||
| N/2 - 31-17-18 - RUSH CO. - LAND | 2020-05-27 | 488,294 | |||||||
| SE/4 - 31-17-18 - RUSH CO. 156.56 ACRES | 2020-05-27 | 278,010 | |||||||
| E/2 - 36-17-19 - RUSH CO. - 311.96 ACRES | 2020-05-27 | 515,525 | |||||||
| NW/4 - 36-17-19 RUSH CO. - 155.5 ACRES | 2020-05-27 | 275,490 | |||||||
| SW/4 - 29-17-18 - RUSH CO. - 147.82 ACRES | 2020-05-27 | 241,022 | |||||||
| SE/4 - 29-17-18 - RUSH CO. - 147.95 ACRES | 2020-05-27 | 232,235 | |||||||
| SE/4 - 25-17-19 - RUSH CO. - 153.05 ACRES | 2020-05-27 | 258,110 | |||||||
| NW/4 - 35-17-19 - RUSH CO. 154.47 ACRES | 2020-05-27 | 274,185 | |||||||
| HOUSE REMODELING | 2022-04-22 | 38,207 | |||||||
| U - SKID STEER W/BUCKET | 2021-09-20 | 35,000 | |||||||
| N - BIGFOOT CUTTER MOWER FOR SKID STEER | 2021-12-15 | 5,200 | |||||||
| N - PALLET FORKS FOR SKIT STEER | 2021-12-15 | 1,594 | |||||||
| N - STIHL CHAIN SAW | 2022-01-04 | 820 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CHARLES SCHWAB INVESTMENT ACCOUNT | 2,742,319 | 3,295,413 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND & BUILDINGS | 3,112,547 | 3,112,547 | 3,112,547 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| CHS - OIL ROYALTY INTEREST | 20,000 | 20,000 | 20,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,150 | 5,150 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| COIN COLLECTION | 20,000 | 20,000 | 20,000 |
| WESTERN PLAINS PARTNERSHIP INTEREST | 32,088 | 10,576 | 31,500 |
| Description | Amount |
|---|---|
| NON DEDUCTIBLE PENALTY | 516 |
| MISC. CHARLES SCHWAB ADJUSTMENT | 29 |
| NON DEDUCTIBLE EXPENSES FROM K1 | 12 |
| ROUNDING | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CROP SHARE RENTAL | ||||
| UTILITIES | 1,024 | 1,024 | ||
| SUPPLIES | 180 | 180 | ||
| FUEL | 576 | 576 | ||
| REPAIRS | 1,149 | 1,149 | ||
| INSURANCE | 16,416 | 16,416 | ||
| FERTILIZER | 15,311 | 15,311 | ||
| PROPERTY TAXES | 16,347 | 16,347 | ||
| EXPENSES | ||||
| SCHWAB ADVISOR FEE | 24,796 | 24,796 | ||
| WIRE FEE | 20 | 20 | ||
| LOSS FROM K-1 OF GLORIA A. | ||||
| WILSON ESTATE 85-6349253 | 14,801 | 14,801 | ||
| LOSS FROM K -1 WESTERN PLAINS | 21,746 | 21,746 | ||
| LESS LOSS REPORTED ON 990-T | -19,245 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 ROYALTY INCOME | 4,140 | 4,140 | |
| REFUND OF PRIOR YEAR GRANT | 2,250 | ||
| K-1 BUSINESS LOSS (FORM 990T) | -19,245 |
| Description | Amount |
|---|---|
| K1 LOSS REPORTED IN PART I COL. A 33,277+14,801 | 48,078 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SCHOLARSHIP COMMITTEE FEES | 1,000 | 1,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PERSONAL PROPERTY OIL ROYALTY | 992 | 992 | ||
| 2024 FORM 990-PF ESTIMATED TAX | 1,562 | |||
| 2022 FORM 990-T TAX | 2,884 | |||
| FOREIGN TAX WITHHELD | 2,201 | 2,201 |