| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 17,418 | 3,484 | 13,934 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VANGUARD S&P 500 | 6,384,244 | 17,500,027 |
| VANGUARD EMERGING MARKERTS | 1,251,992 | 1,547,481 |
| VANGUARD INTERMEDIATE TERM BOND INDEX | 3,501,808 | 3,379,429 |
| VANGUARD MIDCAP INDEX FUND | 792,126 | 1,937,373 |
| VANGUARD DODGE & COX INCOME FUND | 5,169,404 | 4,984,148 |
| VANGUARD DODGE & COX INTERNATIONAL STOCK | 3,659,425 | 5,472,291 |
| VANGUARD SMALL CAP INDEX FUND A | 1,042,424 | 1,930,060 |
| VANGUARD PIMCO | 1,265,528 | 1,170,641 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| TRACT 25 - 11.25 ACRES | 2,531 | 0 | 2,531 | |
| TRACT 33 - 15 ACRES | 4,500 | 0 | 4,500 | |
| TRACT 34 - 11.25 ACRES | 2,250 | 0 | 2,250 | |
| TRACT 37 - 22.50 ACRES | 4,500 | 0 | 4,500 | |
| TRACT 50 - 1.99 ACRES | 2,000 | 0 | 2,000 | |
| TRACT 41 - 11.25 ACRES | 4,500 | 0 | 4,500 | |
| TRACT 43 - 5 ACRES | 1,250 | 0 | 1,250 | |
| TRACT 34 - ADDL | 938 | 0 | 938 | |
| TRACT 37 - ADDL | 9,139 | 0 | 9,139 | |
| TRACT 37 - ADDL | 13,612 | 0 | 13,612 | |
| TRACT 37 - ADDL | 2,812 | 0 | 2,812 | |
| TRACT 37 - 1.75 ACRES | 1,750 | 0 | 1,750 | |
| TRACT 25 - 1.125 ACRES | 1,125 | 0 | 1,125 | |
| TRACT 41 - 2.25 ACRES | 2,250 | 0 | 2,250 | |
| TRACT 37 - ADDL | 100 | 0 | 100 | |
| ADDL - B WHITE TRUST | 117 | 0 | 117 | |
| ADDL - MOCO | 3,500 | 0 | 3,500 | |
| FIREPROOF FILE CABINETS | 13,516 | 13,516 | 0 | |
| COMPUTER | 1,952 | 1,952 | 0 | |
| KNOLL OFFICE FURNITURE | 2,648 | 2,648 | 0 | |
| C GRANT - 70 ACRES | 919 | 0 | 919 | |
| JM BEEN TRUST 70 ACRES | 200 | 0 | 200 | |
| BJ WHITE TRUST 70 ACRES | 83 | 0 | 83 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UNDEVELOPED MINERAL PROPERTIES | 222,949 | 222,949 | 2,506,008 |
| PRODUCING ROYALTY INTERESTS | 0 | 0 | 1,026,306 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 408 | 0 | 408 | |
| HEALTH REIMBURSEMENT | 12,000 | 2,400 | 9,600 | |
| INSURANCE | 2,720 | 544 | 2,176 | |
| INTERNET | 1,131 | 0 | 1,131 | |
| MEMBERSHIP DUES | 2,769 | 0 | 2,769 | |
| OFFICE SUPPLIES | 1,411 | 141 | 1,270 | |
| POSTAGE | 110 | 11 | 99 | |
| RETIREMENT | 1,914 | 382 | 1,532 | |
| SUBSCRIPTIONS | 3,004 | 2,220 | 784 | |
| SEMINARS | 1,100 | 0 | 1,100 | |
| MEALS | 37 | 0 | 37 | |
| TELEPHONE | 1,527 | 305 | 1,222 | |
| WEBSITE EXPENSE | 156 | 0 | 156 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS ROYALTIES | 1,184,542 | 1,184,542 | 1,184,542 |
| OIL & GAS LEASE BONUSES | 117,135 | 117,135 | 117,135 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED PAYROLL | 2,049 | 2,304 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT LABOR | 21,500 | 12,000 | 9,500 | |
| ELWOOD ASSOCIATES - INVESTMENT ADVISOR | 4,000 | 4,000 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 178 | 178 | 0 | |
| FOREIGN TAX ON INVESTMENTS | 13,079 | 13,079 | 0 | |
| INCOME TAX | 26,978 | 0 | 0 | |
| PAYROLL TAXES | 7,956 | 1,591 | 6,365 |