| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 22,290 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABORATORIES | 183,740 | 172,380 |
| ADOBE INC | 255,239 | 221,895 |
| ADVANCED MICRO DEVICES INC | 56,479 | 85,640 |
| AIM INTL MUT FUNDS INVESCO INTL MUT FDS SMALLMID | 344,444 | 297,257 |
| ALPHABET INC CL A | 243,699 | 717,826 |
| AMAZON.COM INCORPORATED | 231,342 | 575,899 |
| AMEN PROPERTIES | 29,755 | 39,500 |
| AMGEN INC | 107,202 | 101,650 |
| APPLE INC COM | 80,069 | 626,300 |
| BLACKROCK INC | 102,247 | 199,896 |
| BLACKSTONE GROUP INC COM CL A | 83,172 | 182,248 |
| CHEVRON CORP NEW COM | 282,900 | 415,401 |
| COCA-COLA CO | 186,059 | 218,719 |
| CONOCOPHILLIPS | 117,184 | 155,399 |
| DANAHER CORPORATION COM | 150,847 | 143,239 |
| FIRST FINANCIAL BANKSHARES | 1,192,122 | 6,188,307 |
| HONEYWELL INTERNATIONAL INC | 158,967 | 268,583 |
| INVITATION HOMES INC | 126,962 | 125,898 |
| ISHARES CORE S&P MIDCAP ETF | 849,653 | 1,405,838 |
| ISHARES CORE S&P SMALL CAP ETF | 232,316 | 351,306 |
| ISHARES MSCI EMERGING MARKETS ETF | 36,583 | 59,510 |
| ISHARES TRANSPORTATION AVERAGE ETF | 177,127 | 217,238 |
| JOHNSON & JOHNSON | 314,552 | 383,388 |
| JPMORGAN CHASE & CO | 334,425 | 791,043 |
| JPMORGAN SMALL CAP EQUITY FUND | 316,533 | 322,118 |
| LAMB WESTON HOLDINGS INC | 94,547 | 81,132 |
| LOWES COMPANIES INC | 123,132 | 162,641 |
| MAIN STREET CAPITAL CORP | 280,439 | 1,330,820 |
| MASTERCARD INC CL A | 237,616 | 368,599 |
| MCDONALDS CORP | 195,422 | 246,407 |
| MEDTRONIC PLC | 218,122 | 209,445 |
| MERCK & CO | 92,166 | 273,769 |
| META PLATFORMS INC CL A | 112,840 | 402,831 |
| MICROSOFT CORP | 120,651 | 769,238 |
| MONDELEZ INTERNATIONAL INC | 178,915 | 261,617 |
| NEXTERA ENERGY INC | 146,846 | 143,595 |
| NVIDIA CORP | 17,361 | 178,337 |
| PEPSICO INC | 210,294 | 234,324 |
| PFIZER INC | 190,195 | 128,591 |
| REALITY INCOME CORP | 133,116 | 131,602 |
| S&P GLOBAL INC | 101,179 | 179,291 |
| SALESFORCE COM INC COM | 140,495 | 204,276 |
| SERVICENOW INC | 93,504 | 258,669 |
| SPDR S&P REGIONAL BANKING ETF | 143,204 | 217,864 |
| UNITED HEALTH GROUP INC | 183,457 | 234,719 |
| UTILITIES SELECT SECTOR SPDR | 609,804 | 707,853 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | 1,566,329 | 1,662,319 |
| VANGUARD FTSE EMERGING MARKETS ETF | 593,924 | 663,859 |
| VANGUARD INDEX FDS REAL ESTATE ETF | 477,091 | 543,833 |
| WALMART INC | 95,615 | 189,193 |
| WORKDAY INC CLASS A | 75,979 | 98,309 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BUCHANAN INVESTMENTS ALTERENERGY, LLC | AT COST | 59,999 | 3,789 |
| JMK INVESTMENTS | FMV | 260,384 | 1,344,255 |
| O&G PROPERTIES LESS ACCUM DEPLETION | AT COST | 329,660 | 1,829,138 |
| TEJON ENERGY | FMV | 670,033 | 4,838,269 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UNREALIZED GAIN | 15,471,175 | 18,229,229 | 0 |
| DIVIDEND RECEIVABLE | 2,187 | 1,639 | 1,639 |
| Description | Amount |
|---|---|
| NON-DEDUCTIBLE EXPENSES | 2,094 |
| JMK INVESTMENTS AT-RISK LIMITATION | 728 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS ROYALTIES | 441,333 | 441,333 | 441,333 |
| PARTNERSHIP INCOME | 100,151 | 100,151 | 100,151 |
| PARTNERSHIP INCOME- UBI PORTION | 214,094 | 0 | 214,094 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAIN IN CORPORATE STOCKS | 2,757,884 |
| ADDITIONAL PERCENTAGE DEPLETION | 40,114 |
| OTHER | 173 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO COOPER MATTHEWS FOUNDATION | 105,872 | 91,512 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TRUSTEE FEES | 87,688 | 87,688 | 0 | |
| MISCELLANEOUS EXPENSES | 60 | 60 | 0 | |
| OIL & GAS MISCELLANEOUS EXPENSE | 938 | 938 | 0 | |
| ROYALTY TRUSTEE FEES | 29,036 | 29,036 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 9,313 | 0 | 0 | |
| ROYALTY AD VALOREM TAX | 26,804 | 26,804 | 0 | |
| ROYALTY PRODUCTION TAX | 22,077 | 22,077 | 0 | |
| FEDERAL EXCISE TAX EXPENSE | 25,000 | 0 | 0 |