| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT ACCOUNTS | AT COST | 35,023,079 | 35,023,079 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 1,947 | 1,947 | 0 | |
| LAND | 6,905,890 | 0 | 6,905,890 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 13,385 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MINERAL INTERESTS | 15,571 | 15,571 | |
| OIL INTERESTS | 192,425 | 192,425 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE | 451 | 0 | 0 | 0 |
| INSURANCE EXPENSE | 5,283 | 0 | 0 | 0 |
| OFFICE EXPENSE | 1,082 | 0 | 0 | 0 |
| INVESTMENT EXPENSES | 185,685 | 185,645 | 0 | 0 |
| FED UNDERPAYMENT PENALTIES | 1,356 | 0 | 0 | 0 |
| OTHER EXPENSES | 139 | 0 | 0 | 0 |
| INTERNET, PHONE, UTILITIES | 4,829 | 0 | 0 | 0 |
| FIDELITY BOND | 428 | 428 | 0 | 0 |
| FILING FEES | 1,018 | 1,018 | 0 | 0 |
| FARM EXPENSES | 2,844 | 2,844 | 0 | |
| BANK FEES | 0 | 0 | 0 | |
| DUES | 3,050 | 3,050 | 0 | |
| FUEL | 803 | 803 | 0 | |
| REPAIRS | 0 | 0 | 0 | |
| SIC TRADE CERTIFICATES | 0 | 0 | 0 | |
| RENTAL EXPENSE | 14,472 | 14,472 | 0 | |
| OTHER RENTAL EXPENSES | 10,361 | 10,361 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RON ABSHER ESTATE K-1 (ROYALTY) | 0 | 0 | |
| OIL LEASE INCOME | 44,074 | 44,074 | |
| OTHER OIL LEASE INCOME | 135 | 135 | |
| OTHER INCOME | 121 | 121 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 29 | 2,659 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 2,575 | 0 | 0 | 0 |
| OIL TAXES | 44 | 44 | 0 | 0 |
| REAL ESTATE TAX | 19,164 | 19,164 | 0 | 0 |
| FEDERAL TAX 2024 | 24,725 | 0 | 0 | 0 |
| FEDERAL TAX 2024 - ESTIMATED TAX PMTS | 62,300 | 0 | 0 | 0 |
| STATE PAYROLL TAXES | 1,741 | 0 | 0 | 0 |
| FOREIGN TAX PAID ON INVESTMENTS | 6,368 | 6,368 | 0 | 0 |