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
THE LULING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)523 S MULBERRY ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LULING, TX786482940
A Employer identification number

74-1143102
B Telephone number (see instructions)

(830) 875-2438
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$39,157,173J 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) 55,404
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 65,336 65,336 65,336
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 133,655
b Gross sales price for all assets on line 6a 279,970
7 Capital gain net income (from Part IV, line 2)... 133,655
8 Net short-term capital gain......... 68
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)....... Click to see attachment
List of Attached Documents:
// Content
1,063,907 135,513 1,063,907
12 Total. Add lines 1 through 11........ 1,318,302 334,504 1,129,311
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 155,000 31,000 79,050 44,950
14 Other employee salaries and wages...... 113,225   113,225  
15 Pension plans, employee benefits....... 38,774 5,842 32,932 238
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,200 1,224 8,976 179
c Other professional fees (attach schedule)....        
17 Interest............... 2,383   2,383 48
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,693 5,435 258  
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
78,137 16,247 12,805
20 Occupancy.............. 1,250 250 1,000  
21 Travel, conferences, and meetings....... 7,559   7,559 151
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
665,066 30,748 634,318 3,993
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,077,287 90,746 892,506 49,559
25 Contributions, gifts, grants paid....... 22,400 19,000
26 Total expenses and disbursements. Add lines 24 and 25 1,099,687 90,746 892,506 68,559
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 218,615
b Net investment income (if negative, enter -0-) 243,758
c Adjusted net income (if negative, enter -0-)... 236,805
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............. 212,681 191,434 191,434
2 Savings and temporary cash investments......... 39,560 45,189 45,189
3 Accounts receivable right arrow3,311
Less: allowance for doubtful accounts right arrow   4,830 3,311 3,311
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.............. 1,265 1,265 1,265
9 Prepaid expenses and deferred charges.......... 28,663 30,838 30,838
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 447,907 Click to see attachment
List of Attached Documents:
// Content
540,979 		540,979
c Investments—corporate bonds (attach schedule)....... 46,632 Click to see attachment
List of Attached Documents:
// Content
44,283 		44,283
11 Investments—land, buildings, and equipment: basis right arrow517,071
Less: accumulated depreciation (attach schedule) right arrow8,350 516,851 Click to see attachment
List of Attached Documents:
// Content
508,721 		1,829,715
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,670,512 Click to see attachment
List of Attached Documents:
// Content
3,044,784 		3,044,784
14 Land, buildings, and equipment: basis right arrow7,325,200
Less: accumulated depreciation (attach schedule) right arrow2,498,240 4,809,395 Click to see attachment
List of Attached Documents:
// Content
4,826,960 		33,425,375
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,778,296 9,237,764 39,157,173
Liabilities 17 Accounts payable and accrued expenses.......... 1,292 2,376
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 64,182 Click to see attachment
List of Attached Documents:
// Content
27,868
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
23,175 		Click to see attachment
List of Attached Documents:
// Content
21,166
23 Total liabilities (add lines 17 through 22)......... 88,649 51,410
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........... 8,460,785 8,950,646
25 Net assets with donor restrictions............ 228,862 235,708
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)..... 8,689,647 9,186,354
30 Total liabilities and net assets/fund balances (see instructions). 8,778,296 9,237,764
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
8,689,647
2
Enter amount from Part I, line 27a .....................
2
218,615
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
278,092
4
Add lines 1, 2, and 3 ..........................
4
9,186,354
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,186,354
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
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 10,900   10,832 68
b 146,977   135,483 11,494
c
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       68
b       11,494
c
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 2 133,655
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 68
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 3,388
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  
3 Add lines 1 and 2........................... 3 3,388
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,388
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 11,740
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,740
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,352
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,352 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
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 arrowTX
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
Yes
 
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 arrowWWW.LULINGFOUNDATION.ORG
14
The books are in care ofright arrowBONNIE DREDLA Telephone no.right arrow (830) 875-2438

Located atright arrow523 S MULBERRYLULINGTX ZIP+4right arrow78648
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
 
 
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
BONNIE DREDLA OFFICE MGR
40.00 		60,000 0 0
523 S MULBERRY
LULING,TX78648
MICHAEL KUCK MANAGER
40.00 		95,000 0 0
523 S MULBERRY
LULING,TX78648
JOHN WINDWEHEN DIR. AT LARG
1.00 		0 0 0
1296 BUCK BRANCH ROAD
WAELDER,TX78959
GARY DICKENSON DIRECTOR
1.00 		0 0 0
5211 SEAWILLOW RD
LOCKHART,TX78644
MITCHELL HARDCASTLE DIRECTOR
1.00 		0 0 0
1131 W COUNTY ROAD 271
GONZALES,TX78629
RANDALL HERZOG DIRECTOR
1.00 		0 0 0
1121 LINK RD
SEGUIN,TX78155
CRAIG HINES DIRECTOR
1.00 		0 0 0
5783 FM 1116
GONZALES,TX78629
BILL JONES DIRECTOR
1.00 		0 0 0
15607 ALT 90
KINGSBURY,TX78638
BILLY RAY BUCKNER DIRECTOR
1.00 		0 0 0
5484 E FM 20
LOCKHART,TX78644
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  
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 arrow  
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 AGRICULTURAL DEMONSTRATION ON LIVESTOCK AND CROPS. 892,506
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
3,462,283
b
Average of monthly cash balances.......................
1b
263,360
c
Fair market value of all other assets (see instructions)................
1c
1,829,715
d
Total (add lines 1a, b, and c).........................
1d
5,555,358
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
5,555,358
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
83,330
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,472,028
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
273,601
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
68,559
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
81,250
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
149,809
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 149,809
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 149,809
5 Excess distributions carryover applied to 2024.    
(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 5 149,809
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
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
236,805 246,754 169,933 82,558 736,050
b 85% (0.85) of line 2a ......... 201,284 209,741 144,443 70,174 625,642
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		149,809 101,396 132,538 204,417 588,160
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 .... 		149,809 101,396 132,538 204,417 588,160
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 39,157,173 38,726,283 32,125,871 22,049,979 132,059,306
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		 33,425,375 33,423,745 27,329,076 16,590,253 110,768,449
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 e-mail address of the person to whom applications should be addressed:
BONNIE DREDLA
523 S MULBERRY AVE
LULING,TX78648
(830) 875-2438
LULINGFOUNDATION@SBCGLOBAL.NET
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD FOLLOW THE PRESCRIBED FORMAT AND INCLUDE REQUIRED CONTENTS AS OUTLINED ON THE FOUNDATION'S WEBSITE AT WWW.LULINGFOUNDATION.ORG/SCHOLARSHIPS/SCHOLARSHIPS.
cAny submission deadlines:
SCHOLARSHIPS ARE REQUIRED TO BE SUBMITTED BY MARCH 31ST OF THE APPLICATION YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SCHOLARSHIPS RANGE FROM 1,000 TO 2,000. THEY ARE LIMITED TO HIGH SCHOOL STUDENTS RESIDING IN THE TEXAS COUNTIES OF CALDWELL, GONZALES, OR GUADALUPE. THE APPLICANT MUST BE ATTENDING A TEXAS UNIVERSITY/SCHOOL AND MUST BE PURSUING A DEGREE IN HEALTHCARE, AGRICULTURE, OR TRADE/VOCATIONAL EDUCATION.
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
LUKE ANDERSON


208 REILEY RD
SEGUIN,TX78155 		  I SCHOLARSHIP 2,000
KAYLE LOTT


1924 FM 775
SEGUIN,TX78155 		  I SCHOLARSHIP 2,000
BROOKLYN WILEY


8361 FM 775
SEGUIN,TX78155 		  I SCHOLARSHIP 2,000
SKYLAR DREDLA


2421 W HWY 90
LULING,TX78648 		  I SCHOLARSHIP 2,000
MIGUEL HERNANDEZ


1862 HARWOOD RD
LULING,TX78648 		  I SCHOLARSHIP 2,000
MAUREN KNESEK


1395 COUNTY ROAD 228
GONZALES,TX78629 		  I SCHOLARSHIP 2,000
HANNAH WHEELER


607 LA FELICIANA DR
LOCKHART,TX78644 		  I SCHOLARSHIP 2,000
ALEX BROWN


8048 FM 443
SHINER,TX77984 		  I SCHOLARSHIP 1,000
CREE STOWERS


P O BOX 1544
GONZALES,TX78629 		  I SCHOLARSHIP 1,000
TAYLOR DREDLA


1950 FM 3158
DALE,TX78616 		  I SCHOLARSHIP 1,000
HALEY KARLIK


324 CREST CIRCLE DR
SAN MARCOS,TX78666 		  I SCHOLARSHIP 1,000
SKYLAR SAMUELSON


803 CALLIHAN RD
LULING,TX78648 		  I SCHOLARSHIP 1,000
Total .................................right arrow 3a 19,000
bApproved for future payment
Total ................................. right arrow 3b  
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
aDEMO FARM         914,611
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 65,336  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 135,513  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 122,093 11,562
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFIELD DAY INCOME 		        13,383
bPROGRAM FEES         400
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   322,942 939,956
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,262,898
(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.)
1A AGRICULTURAL DEMONSTRATION ON LIVESTOCK & CROPS.
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:
THE LULING FOUNDATION
EIN:
74-1143102
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 1,224 1,224   179
DEMO FARM 8,976   8,976  

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

TY 2024 DepreciationSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
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
GRAIN BIN AUGER 1989-02-28 2,631 2,631 S/L 5.0000        
358 NH GRINDER 1996-05-31 8,900 8,900 S/L 5.0000        
16' BULK FEEDER 2005-03-04 2,050 2,050 S/L 7.0000        
OVERHEAD BIN FOR CUBES 2005-09-06 3,000 3,000 S/L 7.0000        
TANDEM AXLE BULK FEEDER 2005-11-04 2,450 2,450 S/L 7.0000        
WELDER 1980-03-26 319 319 S/L 5.0000        
PORTABLE SCALE 1982-06-30 509 509 S/L 5.0000        
TIRE CHANGER 1987-08-01 750 750 S/L 5.0000        
JD OFFSET 1972-01-01 1,500 1,500 S/L 5.0000        
REPAIRS TO OFFSET 1985-02-01 617 617 S/L 5.0000        
FERTILIZER SPREADER 1973-11-23 952 952 S/L 5.0000        
DISC HARROW TAILORWAY 1974-10-30 2,061 2,061 S/L 5.0000        
CONTINENTAL 315 GAL SPRAYER 1974-10-30 729 729 S/L 5.0000        
SQUEEZE CHUTE 1978-11-03 927 927 S/L 5.0000        
GRAHAM CHISEL PLOW 1979-01-31 1,808 1,808 S/L 5.0000        
4 ROW WICK APPLICATOR 1979-10-07 600 600 S/L 5.0000        
WELDER 1982-12-01 1,295 1,295 S/L 5.0000        
DIESEL TANK 1983-06-01 150 150 S/L 5.0000        
JD 347 WIRE BALER 1984-05-01 9,496 9,496 S/L 5.0000        
FIELD CULTIVATOR 1984-02-01 675 675 S/L 5.0000        
LOWBOY TRAILER 1986-07-01 500 500 S/L 5.0000        
CATTLE CHUTE 1986-11-01 693 693 S/L 5.0000        
DEVICE FOR ROUND BALER 1987-02-01 495 495 S/L 5.0000        
JD 535 RD BALER W/ ATTACH 1990-07-01 17,800 17,800 S/L 5.0000        
MATOR REPAIR JD 535 BALER 2000-08-12 2,477 2,477 S/L 5.0000        
GRAIN DRILL 2003-04-28 5,000 5,000 S/L 7.0000        
CUTTER 2003-10-24 677 677 S/L 7.0000        
POST DRIVER 2003-07-03 1,750 1,750 S/L 7.0000        
7FT BLADE 2004-08-13 2,042 2,042 S/L 7.0000        
AIR COMPRESSOR 2005-05-15 390 390 S/L 7.0000        
ELECTRIC FENCE CHARGE 2005-07-06 698 698 S/L 7.0000        
24 FT TRAILER 2006-02-09 7,910 7,910 S/L 7.0000        
1000 GAL WATER TANK 2006-04-07 570 570 S/L 7.0000        
MISC EQUIPMENT 2006-05-26 6,330 6,330 S/L 7.0000        
3 PT HITCH HAY UNROLLER 2006-12-28 550 550 S/L 7.0000        
SPRAYER 2008-10-09 3,250 3,250 S/L 7.0000        
HAY TEDDER 2010-07-06 4,900 4,900 S/L 7.0000        
JD 7300 MAX 6 ROW PLANTER 2011-03-30 7,900 7,900 S/L 7.0000        
MOHAWK 60 TILLER 2011-03-30 1,600 1,600 S/L 7.0000        
BBQ PIT 2011-12-31 2,200 2,200 S/L 7.0000        
BOBCAT SKID STEER LOADER 2012-02-22 29,651 29,651 S/L 7.0000        
TREE SHEAR & TANK 2012-04-06 6,100 6,100 S/L 7.0000        
20 FT LOWBOY TRAILER 2012-04-27 5,542 5,542 S/L 7.0000        
84 IN. ROOT GRAPPLE 2012-04-30 2,950 2,950 S/L 7.0000        
HAY RAKE 2012-10-11 4,500 4,500 S/L 7.0000        
KUBOTA UTV 2014-08-28 14,515 14,515 S/L 7.0000        
KUBOTA MOWER 2015-02-03 7,211 7,211 S/L 7.0000        
6 HAY SAVER RINGS 2015-03-08 5,040 5,040 S/L 7.0000        
2015 HONDA RANCHER 4 WHEELER 2015-03-20 4,942 4,942 S/L 5.0000        
TN 800 VERMEER HAY CUTTER 2015-06-03 15,700 15,700 S/L 7.0000        
2015 HONDA RANCHER 4 WHEELER 2015-03-20 5,460 5,460 S/L 5.0000        
4155 RHINO SHREDDER 2015-07-29 16,500 16,500 S/L 7.0000        
13FT CHAIN HARROW 2015-12-11 1,341 1,341 S/L 7.0000        
CASE L755 LOADER 2016-03-21 4,524 4,524 S/L 7.0000        
UTV SINGLE CALF CATCHER 2016-08-25 3,672 3,672 S/L 7.0000        
JD 6110 TRACTOR (SN 802239) 2000-07-03 24,950 24,950 S/L 7.0000        
CASE MAXUM 150 2016-03-21 102,396 102,396 S/L 7.0000        
CASE MAXUM 125 2016-03-21 88,364 88,364 S/L 7.0000        
OK FEEDER 2002-08-09 1,550 1,550 S/L 20.0000        
3 CREEP FEEDERS 2006-05-08 2,374 2,374 S/L 7.0000        
2500 CUBE FEEDER 2017-07-07 3,000 2,786 S/L 7.0000 214   214  
10 FEED TROUGHS 2017-08-09 2,120 2,120 S/L 5.0000        
RTV900XRA CAMO UTV C1606-HAM 2017-09-29 7,033 7,033 S/L 5.0000        
GRAIN BIN-SOUTHWEST FABRICATORS 2017-10-30 9,700 5,982 S/L 10.0000 970   970  
ECONOMY ANIMAL SCALE 2017-11-15 2,188 2,188 S/L 5.0000        
FENCES 1980-06-13 904 814 S/L 20.0000        
FENCES 1980-06-20 2,414 2,173 S/L 20.0000        
FENCES 1980-07-01 886 797 S/L 20.0000        
CONTRACT 1980-09-30 5,715 5,143 S/L 20.0000        
FENCES 1980-10-03 894 805 S/L 20.0000        
FENCES 1980-07-15 1,748 1,573 S/L 20.0000        
WIRE POST 1980-08-26 1,609 1,448 S/L 20.0000        
PIPE FOR FENCING 1980-04-17 2,358 2,100 S/L 10.0000        
FENCE AND PENS 1978-12-31 2,300 2,070 S/L 10.0000        
FENCE POST 1983-03-01 1,150 1,150 S/L 10.0000        
ELECTRIC FENCE 1984-06-01 538 538 S/L 10.0000        
8X18 CATTLE GUARD 1985-03-01 1,081 1,081 S/L 10.0000        
GOAT FENCES AND PENS 1997-10-02 6,240 6,240 S/L 20.0000        
UPPER COX PENS 1999-10-01 16,368 16,368 S/L 20.0000        
HWY 90 FENCE 11808 FT 2000-05-22 16,545 16,545 S/L 20.0000        
ELECTRIC FENCE 2002-03-22 2,625 2,625 S/L 10.0000        
CLEARING + GRADINGS 1941-01-01 20,230 18,207 S/L 20.0000        
CLEARING + GRADINGS 1949-12-03 560 504 S/L 20.0000        
CLEARING + GRADINGS 1980-04-30 1,803 1,622 S/L 20.0000        
CLEARING + GRADINGS 1951-05-21 80 72 S/L 20.0000        
CLEARING + GRADINGS 1952-06-10 111 100 S/L 20.0000        
CLEARING + GRADINGS 1992-11-15 441 397 S/L 20.0000        
CLEARING + GRADINGS 1965-10-19 145 131 S/L 20.0000        
CLEARING + GRADINGS 1966-01-01 647 582 S/L 20.0000        
CLEARING + GRADINGS 1969-03-10 670 600 S/L 20.0000        
CLEARING + GRADINGS 1969-05-29 771 700 S/L 20.0000        
GRAVEL FOR ROADS 1985-06-01 840 840 S/L 10.0000        
OFFICE DRIVE PAVING 1985-10-01 539 539 S/L 10.0000        
SPRIGGING AND FERTILIZER 1986-03-01 1,139 1,139 S/L 20.0000        
TERRACING 1941-01-01 1,996 1,797 S/L 5.0000        
PECAN GROVE 1941-01-01 17,121 15,409 S/L 5.0000        
ADDITION 1959-01-01 141 125 S/L 10.0000        
GAS LINE REPAIRS 1987-02-01 4,754 4,754 S/L 20.0000        
VARIOUS LINES AND FACIL 1941-01-01 7,145 6,430 S/L 10.0000        
VARIOUS LINES AND FACIL 1948-01-01 586 525 S/L 10.0000        
VARIOUS LINES AND FACIL 1949-01-01 818 735 S/L 10.0000        
VARIOUS LINES AND FACIL 1950-01-01 2,446 2,200 S/L 10.0000        
VARIOUS LINES AND FACIL 1951-01-01 3,002 2,700 S/L 10.0000        
VARIOUS LINES AND FACIL 1952-01-01 1,539 1,385 S/L 10.0000        
PUMP TANK PVC 1978-08-01 1,630 1,467 S/L 10.0000        
COX PLACE 1978-09-07 319 287 S/L 10.0000        
PUMP WELL 1980-12-19 6,132 5,500 S/L 10.0000        
PIPE 1980-12-29 431 387 S/L 10.0000        
CONCRETE 1980-12-19 271 250 S/L 20.0000        
SEARS JET PUMP 1982-03-01 125 125 S/L 5.0000        
IRRIGATION PUMP 1984-10-01 3,074 3,074 S/L 5.0000        
WATER WELL 1985-04-01 1,590 1,590 S/L 10.0000        
REPAIRS-WATER WELL 1989-04-01 710 710 S/L 5.0000        
SOLAR POWERED WELL-WEST END 2009-06-25 15,009 15,009 S/L 10.0000        
VARIOUS 1941-01-01 1,758 1,580 S/L 5.0000        
VARIOUS 1945-01-01 235 210 S/L 5.0000        
VARIOUS 1954-01-01 285 255 S/L 5.0000        
LINES AND LABOR 1976-02-04 740 666 S/L 5.0000        
LOT 122 DONER & LOT 188 OPN HEIF (2) 2012-03-06 7,000 7,000 S/L 5.0000        
9 COWS (T) (SC) 2012-06-30 9,000 9,000 S/L 5.0000        
BRANGUS HEIFERS (20) 2013-06-20 17,000 17,000 S/L 5.0000        
ANGUS COWS (T) (44) 2013-06-30 44,000 44,000 S/L 5.0000        
COMMERICAL COWS (T) (26) 2013-06-30 26,000 26,000 S/L 5.0000        
BRANGUS HEIFERS (10) 2013-07-29 8,500 8,500 S/L 5.0000        
ANGUS COWS (T) (70) 2014-06-30 70,000 70,000 S/L 5.0000        
COMMERICAL COWS (T) (7) 2014-06-30 7,000 7,000 S/L 5.0000        
EMBRYO HEIFER 508 & 586 2014-07-17 2,663 2,663 S/L 5.0000        
LOT 13 COW 2014-10-24 10,500 10,500 S/L 5.0000        
1/2 INT DONOR COW LOT 477 2015-04-08 21,375 21,375 S/L 5.0000        
3 DONOR COWS 5015; 5012; 5090 2015-10-16 105,000 105,000 S/L 5.0000        
63 CM COWS (T) (63) 2015-06-30 63,000 63,000 S/L 5.0000        
52 ANGUS COWS (T) (52) 2015-06-30 52,000 52,000 S/L 5.0000        
BULL 23 2014-04-05 10,000 10,000 S/L 5.0000        
BULL (T) 2014-06-30 1,500 1,500 S/L 5.0000        
BULL 3050 2015-03-20 9,250 9,250 S/L 6.0000        
2 BULLS LOT 149 & 153 2015-09-03 44,500 44,500 S/L 5.0000        
2 HEREFORD BULLS 2016-11-09 6,500 6,500 S/L 5.0000        
LOT 46-44 FARMS REG18724916 2017-10-28 8,500 8,500 S/L 5.0000        
BARBER HEREFORD BULL-LOT 26 2017-11-08 4,000 4,000 S/L 5.0000        
HEREFORD 6S50 2017-12-14 4,000 4,000 S/L 5.0000        
155 COWS 2017-11-20 176,700 176,700 S/L 5.0000        
5 BULLS 2017-11-20 12,500 12,500 S/L 5.0000        
HEREFORD BULL E070 LOT 8 2018-11-16 3,250 3,250 S/L 5.0000        
BULL 7S82 2019-03-02 4,750 3,280 S/L 7.0000 678   678  
LOT 16B-N1065 HEIFER(N1065XPOSS MAVERICK) 2019-09-20 4,250 2,580 S/L 7.0000 607   607  
2 HEREFORD BULLS LOT 4 & 37 2019-11-13 11,500 6,845 S/L 7.0000 1,643   1,643  
LOT 3 COW W/HC 2019-12-09 4,500 2,625 S/L 7.0000 643   643  
1985 FORD 4610 TRACTOR W/FRONT END LOADER C7503 2019-11-21 8,200 3,348 S/L 10.0000 820   820  
2012 NEW HOLLAND T5070 W/FRONT END LOADER 2CTH1 2019-11-21 30,000 12,250 S/L 10.0000 3,000   3,000  
2013 AERWAY 10' W/ 11 CHAIN HARROW/WHEELKIT AW100 2019-11-21 6,500 2,654 S/L 10.0000 650   650  
2012 CONTINENTAL BELTON BOOM SPRAYER W/FOAM 2019-11-21 2,000 1,633 S/L 5.0000 367   367  
2016 CONTINENTAL BELTON CLUSTER SPRAYER 2019-11-21 1,500 1,225 S/L 5.0000 275   275  
1990 ANDERSON CATTLE TRAILER 14' 2019-11-21 500 408 S/L 5.0000 92   92  
1990 FAIRWEST LOWBOY TRAILER 2019-11-21 500 408 S/L 5.0000 92   92  
6' MODER HWY SPECIAL ROTARY CUTTER 2019-11-21 400 327 S/L 5.0000 73   73  
2017 ARMSTRONG GOPHER MACHINE 2019-11-21 700 572 S/L 5.0000 128   128  
SHOULE ROCK FORK 2019-11-21 500 408 S/L 5.0000 92   92  
GROBER-MESQUITE BRUSH 2019-11-21 300 245 S/L 5.0000 55   55  
3 POINT 6' LIFT HARROW TUFLINE 2019-11-21 200 163 S/L 5.0000 37   37  
4 SHANK PASTURE RENOVATOR W/ COULTERS 2019-11-21 350 286 S/L 5.0000 64   64  
ROAD BLADE 2019-11-21 50 41 S/L 5.0000 9   9  
POST HOLE DIGGER 2019-11-21 50 41 S/L 5.0000 9   9  
PALLET FORK 2019-11-21 100 82 S/L 5.0000 18   18  
DIESEL FUEL TANK 2019-11-21 250 204 S/L 5.0000 46   46  
GAS FUEL TANK 2019-11-21 250 204 S/L 5.0000 46   46  
HAY SPEAR-BIG BALES 2019-11-21 50 41 S/L 5.0000 9   9  
BALE CARRIER 2019-11-21 100 82 S/L 5.0000 18   18  
LOT 3 BULLS(DE SU B170) 2020-04-06 12,000 6,429 S/L 7.0000 1,714   1,714  
GRAVELY ZT HD 60" ZERO-TURN MOWER 2024-06-25 6,100   S/L 7.0000 436   436  
METAL QUONSET HUT 1946-01-01 9,026 8,100 S/L 5.0000        
3 UPHOLSTER BENCHES 1957-01-01 88 80 S/L 5.0000        
WEST END HOUSE IMPROV 1978-01-01 8,836 7,953 S/L 5.0000        
OFFICE IMPROV 1978-01-01 115 104 S/L 5.0000        
OFFICE IMPROV 1979-01-01 4,284 3,856 S/L 5.0000        
WEST END HOUSE IMPROV 1979-01-01 426 383 S/L 5.0000        
WEST END HOUSE 1979-01-01 608 547 S/L 5.0000        
OFFICE IMPROV 1980-10-01 93 84 S/L 5.0000        
BULL TEST FEEDLOT 1980-11-01 6,442 5,802 S/L 5.0000        
WEST END HOUSE 1980-11-01 25 22 S/L 5.0000        
OFFICE IMPROV 1981-03-01 488 488 S/L 5.0000        
VARIOUS IMPROV 1981-04-01 4,046 4,046 S/L 5.0000        
VARIOUS ROOFING 1981-06-01 1,587 1,587 S/L 5.0000        
WILLIAM'S HOUSE 1981-11-01 696 696 S/L 5.0000        
VARIOUS 1981-12-01 143 143 S/L 5.0000        
WILLIAM'S HOUSE SEWER 1982-02-01 1,123 1,123 S/L 5.0000        
OFFICE ELECT IMPROV 1982-04-01 2,031 2,031 S/L 5.0000        
OFFICE STORM WINDOWS 1982-04-27 1,520 1,520 S/L 5.0000        
MULTI PURPOSE BLDG 1982-10-01 44,964 44,964 S/L 5.0000        
VARIOUS IMPROV 1983-03-01 10,802 10,802 S/L 20.0000        
FEEDLOT 1983-08-01 12,693 12,693 S/L 20.0000        
MANAGER'S HOUSE 1983-10-01 68,356 68,356 S/L 30.0000        
HOG BARN 1983-10-01 6,082 6,082 S/L 20.0000        
WEST END HOUSE REMODEL 1985-08-01 35,934 35,934 S/L 20.0000        
MULTI PURPOSE BLDG-IMPROVE 1985-12-01 633 633 S/L 20.0000        
UTILITY BARN 1986-01-01 24,732 24,732 S/L 20.0000        
CABINETS 1986-03-01 1,039 1,039 S/L 20.0000        
HOG BARN SLAB 1986-08-01 156 156 S/L 20.0000        
OFFICE-ROOF REPAIRS 1986-10-01 3,126 3,126 S/L 20.0000        
GRAIN BIN 1987-08-01 7,189 7,189 S/L 20.0000        
RENT HOUSE IMPROV 1988-01-01 630 630 S/L 20.0000        
GRAIN BIN WIRING 1988-01-01 100 100 S/L 20.0000        
68 CHEVY C50 DUMP TRUCK 1988-06-01 755 755 S/L 5.0000        
GRAIN BIN SLAB 1988-08-01 1,205 1,205 S/L 20.0000        
OFFICE IMPROV 1989-11-01 4,500 4,500 S/L 20.0000        
NEW SEPTIC TANK 2000-04-27 1,000 1,000 S/L 15.0000        
REFRIG & DISHWASHER 2000-09-13 1,479 1,479 S/L 7.0000        
LAND-VARIOUS PARCELS 2001-01-01 1,379,541              
APPLIANCES (WEST END) 2001-06-26 1,558 1,558 S/L 7.0000        
3.5 TON TRANE HVAC-WEST END 2001-10-09 4,795 4,795 S/L 7.0000        
OFFICE REMODEL 2001-12-01 32,709 24,077 S/L 30.0000 1,091      
01' FORD 2002-01-04 34,186 34,186 S/L 5.0000        
STOVE-ADMINISTRATION 2002-02-11 363 363 S/L 7.0000        
FLOORS-GREEN HOUSE 2002-02-18 1,810 1,810 S/L 20.0000        
INSULATION OFFICE 2002-02-28 1,210 1,210 S/L 20.0000        
GREEN HOUSE IMPROV 2002-06-30 15,651 15,651 S/L 20.0000        
FEEDER SHED 2002-12-30 1,700 1,700 S/L 20.0000        
RANGE; WATER HEATER; LABOR 2003-12-05 4,960 4,960 S/L 7.0000        
2004 FORD F-250 2004-10-06 21,236 21,236 S/L 5.0000        
A/C; DUCTWORK & DISHWASHER-WEST 2007-03-27 7,349 7,349 S/L 10.0000        
CATTLE PENS AND BARNS 2008-03-15 305,837 237,024 S/L 20.0000 15,292      
RAINWATER HARV+SCALES+QUONSET BLDG 2009-01-16 7,305 5,114 S/L 20.0000 365      
MANAGER'S HOUSE-FLOORING 2009-12-11 6,647 6,647 S/L 10.0000        
WATER HEATER WE HSE 2011-01-11 367 367 S/L 7.0000        
DISHWASHER MGR HSE 2011-04-22 499 499 S/L 7.0000        
REFRIGERATOR MRG HSE 2011-07-15 1,095 1,095 S/L 7.0000        
SHOW BARN IMPROVEMENTS 2012-05-29 73,902 44,341 S/L 20.0000 3,695      
2012 FORD F-150 2012-07-13 25,267 25,267 S/L 5.0000        
A/C UNIT MANAGER'S HOUSE 2013-01-04 2,855 2,855 S/L 7.0000        
CONCRETE SLAB SW CORNER BARN 2013-02-22 6,392 3,356 S/L 20.0000 319      
A/C UNIT -HEADQUARTERS 2013-04-23 6,700 6,700 S/L 7.0000        
BIG ASS FAN 2013-08-13 7,350 7,350 S/L 7.0000        
BARN PROJECTOR W/ SCREEN 2013-12-19 4,743 4,743 S/L 7.0000        
CATTLE PANELS 2014-03-07 18,631 18,631 S/L 7.0000        
HVAC OFFICE 2014-05-15 6,700 6,700 S/L 7.0000        
SOUTHSIDE ADDITION 2014-11-07 42,155 20,024 S/L 20.0000 2,107      
WHIRLPOOL REFRIGERATOR 2015-07-02 1,008 1,008 S/L 7.0000        
WINDOW UNIT-MGR HSE 2015-12-07 824 824 S/L 7.0000        
2016 CHEVY SILVERADO 2016-04-01 41,874 41,874 S/L 5.0000        
40X60X14 METAL BUILDING W/DOUBLE LEAN-TOS 2017-04-10 82,347 27,792 S/L 20.0000 4,117      
528 AC - HAM DONATION 2019-11-21 2,112,000              
117 AC - HAM DONATION 2019-11-21 643,500              
2 HEREFORD BULLS 9010 & 9158 2021-02-02 8,000 3,333 S/L 7.0000 1,143      
LOT 54 2 BAR STUD 6565 2021-05-14 4,100 1,562 S/L 7.0000 586      
LOT 1 BULL 2021-10-13 9,000 2,893 S/L 7.0000 1,286      
LOT 9 HEREFORD BULL H065 2021-11-10 7,500 2,321 S/L 7.0000 1,072      
LOT 113A 2 BAR C PRIME DIVINE 0071 2021-12-06 7,838 2,333 S/L 7.0000 1,119      
ARROW EQUIP Q-POWER 1070 HYD SQUEEZE CHUTE 2022-01-14 17,212 1,721 S/L 20.0000 861      
LOT - 29 HEIFERS 2022-05-18 2,400 543 S/L 7.0000 343      
7 HEAD CALVES 2022-07-07 11,550 2,475 S/L 7.0000 1,650      
BULL PANELS 2022-07-30 12,186 2,466 S/L 7.0000 1,741      
300 GAL MOL-MIX TANK SKID 2022-09-13 2,265 151 S/L 20.0000 113      
LOT 25 CATTLE 2022-09-19 16,000 1,000 S/L 20.0000 800      
BULL 1107 2023-01-12 3,500 500 S/L 7.0000 500      
LOT 1 - KF RUBY OF TIFFANY 9508 2023-03-24 7,000 750 S/L 7.0000 1,000      
LOT 50 & 50A 2023-03-31 7,500 804 S/L 7.0000 1,071      
A & B SALVATION 2294 TMR 2023-04-14 17,000 1,821 S/L 7.0000 2,429      
1 HERE BULL 2023-11-08 9,000 214 S/L 7.0000 1,286      
WEST END HOUSE IMPROV 2003-07-28 20,904 20,904 S/L 20.0000        
PUMP & COLUMN-SAN PATRICIO 2006-04-12 21,294 18,100 S/L 20.0000 1,065 1,065    
DRILL WATER WELL-SAN PATRICIO 2006-04-12 60,500 51,425 S/L 20.0000 3,025 3,025    
NEW FLOORING-WEST END 2007-03-30 2,521 2,080 S/L 20.0000 126 126    
SEPTIC SYSTEM WE HSE 2011-04-12 5,899 3,687 S/L 20.0000 295 295    
SEPTIC SYSTEM GREEN HSE 2012-09-25 4,500 2,588 S/L 20.0000 225 225    
FLOORING-GREEN HOUSE 2014-08-12 4,893 4,648 S/L 10.0000 245 245    
RESIDENCE ON 528 AC-HAM DONATION 2019-11-21 338,000 46,006 S/L 30.0000 11,266 11,266    
LOT 13 COW L300 (TEXAS ANGUS ASSN) 2024-01-30 6,000   S/L 7.0000 786      
LOT 112 HEREFORD BULL (SANDHILL FARMS) 2024-03-23 5,750   S/L 7.0000 616      
LOT 22 ANGUS BULL (BASIN ANGUS RANCH) 2024-04-03 15,000   S/L 7.0000 1,607      
LOT 79 & 79A COW W/ HEIFER CALF (4 SONS FARM) 2024-05-20 15,500   S/L 7.0000 1,292      
1/2 OWNERSHIP LOT 1 Z2411 BULL (MEAD FAMRS) 2024-11-01 12,500   S/L 7.0000 298      
LOT 37A BULL (STONEWALL RIDGE FARM) 2024-11-11 5,500   S/L 7.0000 131      
LOT 2 HEREFORD BULL (JORDAN CATTLE AUCTION) 2024-11-13 10,000   S/L 7.0000 238      
LOT 5 3091 ANGUS BULL (WILKS RANCH) 2024-11-22 11,000   S/L 7.0000 131      

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN MUNICIPAL POWER INC 7.00% 44,283 44,283

TY 2024 InvestmentsCorpStockSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Name of Stock End of Year Book Value End of Year Fair Market Value
SEE ATTACHED STATEMENT 540,979 540,979

TY 2024 InvestmentsLandSchedule2
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
  517,071 8,350 508,721 1,829,715

TY 2024 InvestmentsOtherSchedule2
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS-SEE ATTACHED STMT FMV 2,918,031 2,918,031
ETFS AND CLOSED END FUNDS FMV 114,990 114,990
UNIT TRUSTS-SEE ATTACHED STMT FMV 11,763 11,763

TY 2024 LandEtcSchedule2
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDINGS, LAND & EQUIPMENT 3,190,159 2,498,240 691,919 33,425,375
  4,135,041   4,135,041  


TY 2024 MortgagesAndNotesPayableSch
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Total Mortgage Amount:  

Item No. 1
Lender's Name HAM CATTLE
Lender's Title  
Relationship to Insider  
Original Amount of Loan 189,200
Balance Due  
Date of Note 2018-08
Maturity Date 2024-08
Repayment Terms ANNUAL
Interest Rate 0.0500
Security Provided by Borrower BEEF CATTLE
Purpose of Loan PURCHASE BEEF CATTLE
Description of Lender Consideration  
Consideration FMV  

Item No. 2
Lender's Name HAM EQUIPMENT
Lender's Title  
Relationship to Insider  
Original Amount of Loan 52,500
Balance Due 27,868
Date of Note 2019-11
Maturity Date 2029-11
Repayment Terms ANNUAL
Interest Rate 0.0250
Security Provided by Borrower EQUIPMENT
Purpose of Loan PURCHASE OF EQUIPMENT
Description of Lender Consideration  
Consideration FMV  


TY 2024 OtherExpensesSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DEMO FARM        
CATTLE REGISTRATIONS/FEES 14,124   14,124  
FEED 197,524   197,524  
FERTILIZER 76,228   76,228  
HARVESTING 9,701   9,701  
INSECTICIDE & HERBICIDE 3,971   3,971  
INSURANCE 7,501   7,501  
PROGRAM COSTS 152   152  
SELLING EXPENSE 1,005   1,005  
SEED/PLANTS 7,157   7,157  
VETERINARY & MEDICINE 59,779   59,779  
HAULING 860   860  
CONTRACT LABOR 15,828   15,828  
CUSTOM HIRE 405   405  
EQUIPMENT/TOOLS/RENTALS 1,380   1,380  
WORKER'S COMPENSATION 7,298   7,298  
BONUS 13,122   13,122  
SUPPLIES 7,836   7,836  
AUTO EXPENSE 11,102   11,102  
DUES/SUBSCRIPTIONS/FEES 1,495   1,495  
FUEL & LUBRICANT 21,319   21,319  
INSURANCE-AUTO 2,760   2,760  
REPAIRS & MAINTENANCE 62,565   62,565  
UTILITIES 18,960   18,960  
DEMO EXPENSE 1,577   1,577  
PROCESSING FEE 17,290   17,290  
INSURANCE 21,167   21,167  
MARKETING 3,739   3,739  
OFFICE SUPPLIES 5,168   5,168  
HEALTH ALLOWANCE 19,320   19,320  
POSTAGE & DELIVERY 535   535  
TELEPHONE 4,477   4,477  
GRANT EXPENSE 18,973   18,973  
EXPENSES        
INSURANCE 5,651 5,651    
WORKER'S COMPENSATION 1,824 1,824    
PAYROLL BONUS 1,142 1,142    
OFFICE SUPPLIES 1,307 1,307    
HEALTH ALLOWANCE 1,680 1,680    
POSTAGE & DELIVERY 134 134    
TELEPHONE 1,119 1,119    
REPAIRS & MAINTENANCE-RENTAL 2,283 2,283    
INVESTMENT EXPENSE 6,460 6,460    
ROYALTY EXPENSE 555 555    
PROPERTY TAXES - SAN PATRICIO 8,593 8,593    
OTHER EXPENSES       3,993


TY 2024 OtherIncomeSchedule2
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LEASE BONUS 38,686 38,686 38,686
CROP SHARE 61,712 61,712 61,712
RENT 23,626 23,626 23,626
ROYALTY 11,489 11,489 11,489
DEMO FARM 914,611   914,611
FIELD DAY INCOME 13,383   13,383
PROGRAM FEES 400   400


TY 2024 OtherIncreasesSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Description Amount
UNREALIZED GAIN ON INVESTMENTS 278,092


TY 2024 OtherLiabilitiesSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL LIABILITIES 23,175 21,166


TY 2024 TaxesSchedule
Name:
THE LULING FOUNDATION
EIN:
74-1143102
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 5,435 5,435    
DEMO FARM 258   258