| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,215 | 6,215 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ORIGINAL CENTER | 1990-09-01 | 25,634 | 21,978 | S/L | 40.0000 | 641 | |||
| SCHOOL HOUSE | 1990-12-01 | 30,338 | 25,813 | S/L | 40.0000 | 758 | |||
| JOHANSON HOUSE | 1990-09-01 | 15,000 | 12,859 | S/L | 40.0000 | 375 | |||
| LOT | 1990-09-01 | 4,500 | |||||||
| LOG CABIN | 1990-10-01 | 3,300 | 2,829 | S/L | 40.0000 | 83 | |||
| OFFICE EQUIPMENT | 1990-09-01 | 2,500 | 2,500 | S/L | 7.0000 | ||||
| STOVE & EQUIPMENT | 1991-08-01 | 135 | 135 | S/L | 7.0000 | ||||
| LOG CABIN IMPROVEMENTS | 1991-11-01 | 39,266 | 32,522 | S/L | 40.0000 | 982 | |||
| CHURCH | 1993-01-01 | 40,326 | 31,407 | S/L | 40.0000 | 1,008 | |||
| PICTURES | 1993-12-16 | 420 | 420 | S/L | 10.0000 | ||||
| PICTURES | 1993-11-29 | 498 | 498 | S/L | 10.0000 | ||||
| COPIER | 1995-06-05 | 1,422 | 1,422 | S/L | 10.0000 | ||||
| TOWN HALL BUILDING | 1995-01-01 | 13,780 | 10,122 | S/L | 40.0000 | 345 | |||
| HEATER | 1996-03-06 | 118 | 118 | S/L | 7.0000 | ||||
| VACUUM CLEANER | 1998-04-21 | 150 | 150 | S/L | 7.0000 | ||||
| SIDING - HOUSE | 1998-10-01 | 1,518 | 1,006 | S/L | 40.0000 | 38 | |||
| FURNACE - (2) | 1999-06-01 | 4,687 | 4,687 | S/L | 7.0000 | ||||
| FUEL TANK | 1999-10-01 | 459 | 459 | S/L | 7.0000 | ||||
| FENCE | 1999-07-01 | 831 | 831 | S/L | 7.0000 | ||||
| CHURCH SIDING | 2001-05-10 | 4,151 | 2,457 | S/L | 40.0000 | 103 | |||
| SCHOOL FLOOR REPAIRS | 2001-10-05 | 2,197 | 1,278 | S/L | 40.0000 | 55 | |||
| JOHANSON HOUSE IMPROVEMENT | 2003-04-15 | 15,720 | 8,548 | S/L | 40.0000 | 393 | |||
| COMPUTER | 2003-10-01 | 750 | 750 | 200DB | 7.0000 | ||||
| DESK | 2003-10-01 | 430 | 430 | 200DB | 7.0000 | ||||
| PRINTER | 2003-10-01 | 1,945 | 1,945 | 200DB | 7.0000 | ||||
| JOHNSON HOUSE (PARSONAGE) | 2004-04-02 | 12,016 | 6,233 | S/L | 40.0000 | 301 | |||
| FURNACE | 2006-12-09 | 7,492 | 7,492 | S/L | 15.0000 | ||||
| TOWN HALL ADDITIONS | 2006-07-01 | 22,451 | 10,384 | S/L | 40.0000 | 561 | |||
| TANGIBLE OIL EQUIPMENT - ILLINOIS | 2006-07-01 | 1,792 | 1,792 | S/L | 7.0000 | ||||
| BUILDING RENOVATIONS | 2007-08-30 | 4,283 | 1,856 | S/L | 40.0000 | 107 | |||
| OFFICE EQUIPMENT | 2007-06-22 | 3,900 | 3,900 | S/L | 5.0000 | ||||
| OIL EQUIPMENT- IL | 2008-07-01 | 2,570 | 2,570 | S/L | 7.0000 | ||||
| STAGE/AMPHITHEATRE | 2008-07-01 | 1,099 | 1,099 | S/L | 7.0000 | ||||
| OIL EQUIPMENT- LA | 2008-07-01 | 38,437 | 38,437 | S/L | 7.0000 | ||||
| OIL EQUIPMENT-LA | 2009-07-01 | 6,625 | 6,625 | S/L | 7.0000 | ||||
| COPIER | 2009-03-17 | 817 | 817 | S/L | 5.0000 | ||||
| SIGN | 2009-11-21 | 140 | 140 | S/L | 7.0000 | ||||
| OIL EQUIPMENT | 2010-12-31 | 1,102 | 1,102 | S/L | 7.0000 | ||||
| BUILDING RENOVATIONS- ROOFING | 2010-12-09 | 4,692 | 1,652 | S/L | 40.0000 | 117 | |||
| DECK | 2011-06-30 | 12,361 | 12,361 | S/L | 10.0000 | ||||
| OIL EQUIPMENT | 2011-06-30 | 1,278 | 1,278 | S/L | 7.0000 | ||||
| ELMER HOUSE | 2012-10-01 | 81,536 | 24,970 | S/L | 40.0000 | 2,039 | |||
| ELMER HOUSE - LAND | 2012-10-01 | 10,000 | |||||||
| OIL EQUIPMENT - IL | 2012-07-01 | 4,994 | 4,994 | S/L | 7.0000 | ||||
| LAND IMPROVEMENTS | 2012-10-16 | 20,601 | 12,532 | S/L | 20.0000 | 1,030 | |||
| OIL EQUIPMENT - IL | 2013-07-01 | 835 | 835 | S/L | 7.0000 | ||||
| COMPUTER/PRINTER | 2013-08-29 | 1,047 | 1,047 | S/L | 5.0000 | ||||
| PHOTO STAND | 2013-05-13 | 1,819 | 1,819 | S/L | 5.0000 | ||||
| AC/FURNACE | 2013-09-27 | 5,734 | 1,613 | S/L | 40.0000 | 143 | |||
| REMODELING | 2013-10-01 | 9,202 | 2,588 | S/L | 40.0000 | 230 | |||
| MAIN OFFICE - BATHROOM | 2014-05-06 | 2,463 | 657 | S/L | 40.0000 | 61 | |||
| SECURITY SYSTEM | 2014-05-13 | 21,619 | 11,530 | S/L | 20.0000 | 1,081 | |||
| ELMER HOUSE - REMODEL | 2014-05-29 | 14,230 | 3,765 | S/L | 40.0000 | 356 | |||
| JOHANSON HOUSE - REMODEL | 2014-06-10 | 1,988 | 526 | S/L | 40.0000 | 50 | |||
| OIL EQUIPMENT | 2014-07-01 | 633 | 633 | S/L | 7.0000 | ||||
| ELMER HOUSE - WINDOWS & SIDING | 2015-09-01 | 11,451 | 2,672 | S/L | 40.0000 | 286 | |||
| ELMER HOUSE - FURNACE | 2015-12-03 | 5,663 | 1,286 | S/L | 40.0000 | 142 | |||
| JOHANSON - FURNACE | 2015-12-03 | 4,065 | 923 | S/L | 40.0000 | 102 | |||
| COMPUTER | 2015-06-10 | 601 | 144 | S/L | 40.0000 | 15 | |||
| LANDSCAPING/SIGN | 2016-11-01 | 36,162 | 19,688 | S/L | 15.0000 | 2,411 | |||
| LANDSCAPING | 2020-09-29 | 19,275 | 5,461 | S/L | 15.0000 | 1,285 | |||
| GARAGE - MILITARY HOUSE | 2021-04-26 | 3,124 | 286 | S/L | 40.0000 | 78 | |||
| TOWN HALL IMPROVEMENTS | 2021-10-25 | 8,715 | 690 | S/L | 40.0000 | 218 | |||
| BUILDING IMPROVEMENTS | 2021-09-02 | 8,754 | 729 | S/L | 40.0000 | 219 | |||
| LANDSCAPING - WATER FOUNTAIN | 2022-05-09 | 7,603 | 1,352 | S/L | 15.0000 | 506 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| COPIER | 1995-06 | PURCHASE | 2025-12 | 1,422 | 1,422 | |||||
| HEATER | 1996-03 | PURCHASE | 2025-12 | 118 | 118 | |||||
| VACUUM CLEANER | 1998-04 | PURCHASE | 2025-12 | 150 | 150 | |||||
| FURNACE - (2) | 1999-06 | PURCHASE | 2025-12 | 4,687 | 4,687 | |||||
| COMPUTER | 2003-10 | PURCHASE | 2025-12 | 750 | 750 | |||||
| PRINTER | 2003-10 | PURCHASE | 2025-12 | 1,945 | 1,945 | |||||
| MOCE & CO - SEE ATTACHED | PURCHASE | 156,864 | 142,214 | 14,650 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BREMER ACCOUNT | ||
| CETERA | 512,871 | 530,844 |
| THRIVENT | 347,668 | 325,645 |
| FIRST MID | 13 | 13 |
| OLD NATIONAL | 286,192 | 293,510 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TEXTRON | 11,150 | 34,860 |
| CHEVRON | 4,227 | 21,583 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OIL WELL INTERESTS | AT COST | 119,790 | 257,047 |
| CERTIFICATE OF DEPOSIT | AT COST | 45,164 | 45,164 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OIL TANGIBLE EQUIPMENT | 58,267 | 58,267 | ||
| BUILDINGS AND EQUIPMENT | 531,406 | 312,423 | 218,983 | 235,102 |
| LOT | 14,500 | 14,500 | 14,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 311 | 311 | ||
| COMMISSIONS | 8,970 | 8,970 | ||
| DUES | 1,232 | 1,232 | ||
| EVENT EXPENSE | 1,916 | 1,916 | ||
| INSURANCE | 5,891 | 5,891 | ||
| OFFICE EXPENSE | 1,390 | 278 | 1,112 | |
| MAINTENANCE | 24,795 | 24,795 | ||
| SUPPLIES | 4,341 | 4,341 | ||
| MISCELLANEOUS | 3,461 | 3,461 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL ROYALTIES | 41,104 | 41,104 | |
| LESS TAX AND OTHER | -18,053 | -18,053 | |
| OIL WORKING INT (INHERITED) | 5,814 | ||
| UTAH STATE TAX REFUND | 1,268 | 1,268 | |
| LESS MANAGEMENT EXPENSE | -2,301 | -2,301 | |
| LESS MANAGEMENT EXPENSE - WI | -515 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL W/H PAYABLE | 1,087 | |
| STATE W/H PAYABLE | 143 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX | 1,396 | |||
| REAL ESTATE TAXES | 479 | 479 | ||
| PAYROLL TAXES | 4,519 | 543 | 3,976 |