| Category | Amount |
|---|---|
| HELEN GUGH AND TILLIE WALKER BEQUESTED THEIR INTEREST IN OIL WELLS OIL ROYALTIES AND INTEREST INCOME ARE THE MAIN SOURCE OF REVENUE FOR THE MUSEUM | 371,622 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND BUILDINGS EQUIP | 582,715 | 0 | 582,715 | 582,715 |
| PLANNING FOR MUSEUM EXPANSION | 76,708 | 0 | 76,708 | 76,708 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TWO OIL WELLS | 40,000 | 40,000 | 40,000 |
| DEPLETION | -4,902 | -25,433 | -25,433 |
| Description | Amount |
|---|---|
| 2023 FEDERAL INCOME TAX | 2,395 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 4,733 | 0 | 4,733 | 4,733 |
| SUPPLIES | 3,573 | 0 | 3,573 | 3,573 |
| OFFICE SUPPLIES POSTAGE | 1,921 | 0 | 1,921 | 1,921 |
| REPAIRS AND MAINTENANCE | 6,215 | 0 | 6,215 | 6,215 |
| POSTAGE | 226 | 0 | 226 | 226 |
| LICENSES & PERMITS | 10 | 0 | 10 | 10 |
| BOARD MEMBERS | 34,500 | 0 | 34,500 | 34,500 |
| BANK FEES | 10 | 0 | 10 | 10 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL ROYALTIES | 136,871 | 136,871 | 0 |
| ADMISSIONS | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| CHANGE IN BOOKS | 329 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 1,107 | 1,473 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL & 990 TAXES | 7,387 | 0 | 7,387 | 7,387 |