| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Tractor JD 5093 | 2017-05-01 | 30,250 | 30,250 | 150DB | 0000000003.000000000000 | ||||
| Bush Mower | 2014-12-22 | 13,255 | 13,255 | 150DB | 0000000003.000000000000 | ||||
| Trailer | 2016-12-31 | 3,500 | 3,500 | 150DB | 0000000003.000000000000 | ||||
| Jackson LBW Bull | 2012-03-05 | 150DB | 0000000005.000000000000 | ||||||
| Larry McClanahan Bull | 2012-04-12 | 1,471 | 1,471 | 150DB | 0000000005.000000000000 | ||||
| Black Angus Bulls | 2014-01-14 | 7,000 | 7,000 | 150DB | 0000000005.000000000000 | ||||
| Cattle From Mike Gibson | 2014-12-01 | 5,550 | 5,550 | 150 DB | 0000000005.000000000000 | ||||
| Cattle From Ash Flatt | 2014-12-01 | 36,900 | 36,900 | 150DB | 0000000005.000000000000 | ||||
| Foster Angus Bull | 2015-01-08 | 150DB | 0000000005.000000000000 | ||||||
| Larry Latham Bull | 2015-02-04 | 150DB | 0000000005.000000000000 | ||||||
| Milk Cow | 2015-04-25 | 1,600 | 1,400 | 150DB | 0000000005.000000000000 | ||||
| Bull From Jackson | 2015-12-07 | 150DB | 0000000005.000000000000 | ||||||
| Bermuda Grass Plant | 2015-12-23 | 4,800 | 4,600 | 150DB | 0000000005.000000000000 | ||||
| Bull | 2016-12-31 | 1,435 | 1,435 | 150DB | 0000000005.000000000000 | ||||
| LBW Bulls | 2016-12-31 | 8,000 | 7,999 | 150DB | 0000000005.000000000000 | ||||
| Two Milk Cows | 2017-03-01 | 1,400 | 1,064 | 200DB | 0000000005.000000000000 | ||||
| Bull - Rich Horner | 2017-09-05 | 2,800 | 2,800 | 150DB | 0000000005.000000000000 | ||||
| 64CB Bull Bub Ranch | 2017-09-05 | 3,000 | 3,000 | 200DB | 0000000005.000000000000 | ||||
| Bull 18380141 JNJ Farms | 2017-12-19 | 4,000 | 4,000 | 200DB | 0000000005.000000000000 | ||||
| 46 Calves | 2011-04-28 | 19,075 | 19,075 | 150DB | 0000000005.000000000000 | ||||
| 46 Cattle | 2011-04-28 | 46,000 | 46,000 | 150DB | 0000000005.000000000000 | ||||
| Calves Disposed 2017 | 2011-04-28 | 8,525 | 8,525 | 150DB | 0000000005.000000000000 | ||||
| Bull D | 2011-06-10 | 150DB | 0000000005.000000000000 | ||||||
| Bull D | 2011-09-30 | 1,750 | 1,750 | 150DB | 0000000005.000000000000 | ||||
| 5Year Herfold Bull | 2012-05-01 | 150DB | 0000000005.000000000000 | ||||||
| Tractor Bush Hog | 2016-12-31 | 4,000 | 4,000 | 150DB | 0000000005.000000000000 | ||||
| Cattle Pond | 2015-12-23 | 6,000 | 6,000 | 150DB | 0000000007.000000000000 | ||||
| Perimeter Cattle Fence | 2015-12-23 | 39,600 | 39,600 | 150DB | 0000000007.000000000000 | ||||
| Grass Fence | 2015-12-23 | 6,600 | 6,599 | 150DB | 0000000007.000000000000 | ||||
| Cattle Corral Fence | 2015-12-23 | 16,000 | 16,000 | 150DB | 0000000007.000000000000 | ||||
| Cattle Worky Pen | 2015-12-23 | 7,000 | 7,000 | 150DB | 0000000007.000000000000 | ||||
| Alley and Chute | 2015-12-23 | 2,517 | 2,516 | 150DB | 0000000007.000000000000 | ||||
| Thayer Farm Equipments | 2016-04-11 | 20,000 | 14,487 | 150DB | 0000000007.000000000000 | ||||
| Tractor Larson Farm Equp | 2017-09-07 | 60,000 | 60,000 | 200DB | 0000000007.000000000000 | ||||
| Thayer Farm - Cattle Equip | 2016-04-11 | 150DB | 0000000007.000000000000 | ||||||
| Thayer Farm - Buildings | 2016-04-11 | 150DB | 0000000020.000000000000 | ||||||
| Thayer Farm - Barn | 2016-04-11 | 150DB | 0000000020.000000000000 | ||||||
| Thayer Farm - Red Barn | 2016-04-11 | 150DB | 0000000020.000000000000 | ||||||
| Thayer Farm - Shop | 2016-04-11 | 150DB | 0000000020.000000000000 | ||||||
| Thayer Farm - Corral | 2016-04-11 | 150DB | 0000000020.000000000000 | ||||||
| Bunk Beds | 2016-12-31 | 5,200 | 5,200 | 200DB | 0000000005.000000000000 | ||||
| ATVs | 2008-08-01 | 11,700 | 11,700 | 200DB | 0000000005.000000000000 | ||||
| 15 Brush Hog Mower | 2011-01-07 | 6,500 | 6,500 | 200DB | 0000000005.000000000000 | ||||
| Washer Dryer | 2011-07-29 | 1,382 | 1,382 | 200DB | 0000000005.000000000000 | ||||
| JD Baler 459 | 2015-07-31 | 28,250 | 29,113 | 150DB | 0000000007.000000000000 | ||||
| DJ Disc MO | 2015-07-31 | 10,000 | 9,695 | 150DB | 0000000007.000000000000 | ||||
| Rake and Tedder | 2015-09-17 | 4,200 | 4,200 | 150DB | 0000000007.000000000000 | ||||
| Movie Camera | 2008-08-01 | 2,000 | 2,000 | 200DB | 0000000007.000000000000 | ||||
| Desk | 2004-06-07 | 599 | 599 | 200DB | 0000000007.000000000000 | ||||
| Sofa | 2014-03-15 | 2,969 | 2,969 | 200DB | 0000000007.000000000000 | ||||
| Furniture | 2016-07-01 | 30,142 | 28,796 | 200DB | 0000000007.000000000000 | ||||
| B4B Ranch Land | 2016-12-31 | ||||||||
| Bush Run Acres Land | 2016-12-31 | 67,877 | |||||||
| Thayer Farm Land | 2016-12-31 | ||||||||
| Laurel House/Land | 2016-12-31 | 160,834 | |||||||
| Zector Tractor | 2009-06-08 | 26,640 | 26,640 | 200DB | 0000000003.000000000000 | ||||
| Camper Trailer | 2016-12-31 | 5,000 | 5,000 | 200DB | 0000000005.000000000000 | ||||
| 2016 Chevy Van | 2017-03-23 | 24,200 | 19,554 | 200DB | 0000000005.000000000000 | ||||
| 1999 Ford F350 | 1999-12-19 | 8,500 | 8,500 | 200DB | 0000000005.000000000000 | ||||
| Canoes Trailer | 2008-08-01 | 3,500 | 3,500 | 200DB | 0000000005.000000000000 | ||||
| Chevy Van | 2010-02-25 | 23,660 | 23,660 | 200DB | 0000000005.000000000000 | ||||
| Truck | 2010-11-27 | 6,500 | 6,500 | 200DB | 0000000005.000000000000 | ||||
| 2011 Van | 2012-02-15 | 9,285 | 9,285 | 200DB | 0000000005.000000000000 | ||||
| 2018 Ford Transit | 2018-12-31 | 30,000 | 30,000 | 200DB | 0000000005.000000000000 | ||||
| Cargo Trailer | 2019-02-21 | 5,000 | 5,000 | 200DB | 0000000005.000000000000 | ||||
| PickUP Truck | 2019-06-04 | 2,500 | 2,500 | 200DB | 0000000005.000000000000 | ||||
| 4 ND Brown Bulls | 2019-02-10 | 5,500 | 5,500 | 200DB | 0000000005.000000000000 | ||||
| Red Lobster Bldg | 2016-06-30 | 3,628,300 | 794,709 | SL | 0000000039.000000000000 | 93,030 | 93,030 | ||
| Red Lobster Land | 2016-06-30 | 295,700 | |||||||
| 2020 Chevy Truck | 2021-05-10 | 55,960 | 41,883 | 200DB | 0000000005.000000000000 | 4,350 | |||
| Fuel Tank - Trailer | 2022-11-04 | 2,600 | 2,600 | 200DB | 0000000005.000000000000 | ||||
| 2018 Polaris Ranger UTV | 2022-06-29 | 14,500 | 14,500 | 200DB | 0000000005.000000000000 | ||||
| Bull 7 from Mobly Auction | 2023-04-22 | 3,400 | 3,074 | 200DB | 218 | ||||
| 688 County Rd 2416 Land | 2023-11-15 | 85,000 | 200 DB | 0000000005.000000000000 | |||||
| 2022 Transit Van | 2024-12-30 | 39,320 | 20,400 | 0000000005.000000000000 | 7,190 | ||||
| 2023 Ogden Rake | 2024-05-23 | 11,000 | 7,385 | 200 DB | 0000000007.000000000000 | 1,033 | |||
| 2024 Chevy Transit Van | 2025-04-14 | 51,000 | 200 DB | 0000000007.000000000000 | 20,200 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Death of 53 Orange | 2025-03 | 1,000 | -1,000 | |||||||
| 1 death of 626B Cow | 2025-03 | 2,460 | -2,460 | |||||||
| 1 death of check Jersy Milk Cow | 2025-07 | 1,200 | -1,200 | |||||||
| 1 death of 2 green cow | 2025-07 | 2,460 | -2,460 | |||||||
| 1 death of Tag 592 | 2025-08 | 2,460 | -2,460 | |||||||
| 1 Sale of 25 Orange | 2025-08 | 2,700 | 1,000 | 1,700 | ||||||
| 1 death of Tag 137 | 2025-09 | 2,460 | -2,460 | |||||||
| 1 death of Tag 54W Cow | 2025-09 | 1,230 | -1,230 | |||||||
| 2 Sale of Tags 318 101 | 2025-10 | 1,703 | 2,460 | -757 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Red Lobster Bldg | 3,628,300 | 887,739 | 2,740,561 | 2,740,561 |
| Red Lboster Land | 295,700 | 295,700 | 295,700 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Tractor JD 5093 | 30,250 | 30,250 | ||
| Bush Mower | 13,255 | 13,255 | ||
| Trailer | 3,500 | 3,500 | ||
| Jackson LBW Bull | 2,500 | 2,500 | ||
| Black Angus Bulls | 7,000 | 7,000 | ||
| Cattle From Mike Gibson | 5,550 | 5,550 | ||
| Cattle from Ash Flatt | 36,900 | 36,900 | ||
| Foster Angus Bull | 3,850 | 3,850 | ||
| Larry Latham Bull | 3,400 | 3,400 | ||
| Bull From Jackson | 4,000 | 4,000 | ||
| Bermuda Grass Plant | 4,800 | 4,800 | ||
| Bull | 1,435 | 1,435 | ||
| LBW Bulls Bub Ranch | 8,000 | 8,000 | ||
| Two Milk Cow | 2,800 | 2,800 | ||
| 64CB Bull Bub Ranch | 3,000 | 3,000 | ||
| Bull 18380141 JNJ Farms | 4,000 | 4,000 | ||
| 46 Calves | 19,075 | 19,075 | ||
| 46 Cattle | 46,000 | 46,000 | ||
| Calves Disposed 2017 | 8,525 | 8,525 | ||
| 5Year Herfold Bull | 2,000 | 2,000 | ||
| Tractor Bush Hog | 4,000 | 4,000 | ||
| Cattle Pond | 6,000 | 6,000 | ||
| Perimeter Cattle Fence | 39,600 | 39,600 | ||
| Grass Fence | 6,600 | 6,600 | ||
| Cattle Corral Fence | 16,000 | 16,000 | ||
| Cattle Worky Pen | 7,000 | 7,000 | ||
| Alley Chute | 2,517 | 2,517 | ||
| Tractor Larson Farm Equip | 60,000 | 60,000 | ||
| Bunk Beds | 5,200 | 5,200 | ||
| ATVs | 11,700 | 11,700 | ||
| 15 Brush Hog Mower | 6,500 | 6,500 | ||
| Washer Dryer | 1,382 | 1,382 | ||
| JD Baler 459 | 28,250 | 28,250 | ||
| DJ Disc MO | 10,000 | 10,000 | ||
| Rake and Tedder | 9,700 | 9,700 | ||
| Movie Camera | 2,000 | 2,000 | ||
| Desk | 599 | 599 | ||
| Sofa | 2,969 | 2,969 | ||
| Furniture | 30,142 | 30,142 | ||
| Bush Run Acres Land | 67,877 | 67,877 | 67,877 | |
| Laurel/House/Land | 160,834 | 160,834 | 160,834 | |
| Zector Tractor | 26,640 | 26,640 | ||
| Camper Trailer | 5,000 | 5,000 | ||
| Canoes Trailer | 3,500 | 3,500 | ||
| Chevy Van | 23,660 | 23,660 | ||
| Truck | 6,500 | 6,500 | ||
| 2011 Van | 9,285 | 9,285 | ||
| Bull Bub Ranch of 640F | 1,500 | 1,500 | ||
| Bull Bub ranch 32E and | 3,000 | 3,000 | ||
| 2 Bulls of 905E and 913E Bulls | 7,860 | 7,860 | ||
| 2018 Ford Transit | 30,000 | 30,000 | ||
| 2016 JD Tractor | 49,500 | 49,500 | ||
| 4 Brown Bulls | 11,000 | 11,000 | ||
| Cargo Trailer | 5,000 | 5,000 | ||
| PickUp truck | 2,500 | 2,500 | ||
| 2020 Chevy Truck | 55,960 | 46,233 | 9,727 | 9,727 |
| 1 Heart of the Osarks Reg Cow Tag 28 | 2,600 | 2,600 | ||
| 1 Heart of the Osarks Reg. Cow Tag 8 | 2,900 | 2,900 | ||
| Bull 7 From Mobly Auction | 3,400 | 3,205 | 195 | 195 |
| 688 County Rd 2416 Land | 85,000 | 85,000 | 85,000 | |
| 2022 Transit Van | 39,320 | 27,590 | 11,730 | 11,730 |
| 2023 Ogden Rake | 11,000 | 8,418 | 2,582 | 2,582 |
| 2024 Chevy Transit Van | 51,000 | 20,200 | 30,800 | 30,800 |
| 20 Heifers - Trey Earle | 84,000 | 84,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| Item No. | 1 |
|---|---|
| Lender's Name | JSS Holding |
| Lender's Title | |
| Original Amount of Loan | 1000000 |
| Balance Due | |
| Date of Note | 2016-06 |
| Maturity Date | 2021-09 |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Buy building |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Acounting Fees C | 1,700 | |||
| Auto Expense Fuel C | 25,056 | 13,064 | ||
| Cattle Feed | 7,546 | |||
| Meals and Enter | 9,614 | |||
| Fence Material | 504 | |||
| Fertilizer/Spray | 8,441 | |||
| Food Expense C | 42,826 | 42,821 | ||
| Insurance - Liability, D and O | 8,227 | 4,515 | ||
| Labor-Pasture | 1,503 | 1,503 | ||
| Labor -Cattle - Other | 1,564 | |||
| Maintenance Repairs | 5,566 | 1,055 | ||
| Small Equipment Expense | 11,029 | |||
| Office Supplies | 2,264 | 135 | ||
| Travel Expenses C | 87,946 | 87,946 | ||
| Utilities Expenses C | 2,541 | 2,163 | ||
| Vet Visit/Meds C | 1,698 | |||
| Bank Fees | 211 | |||
| Management Fees | 20,476 | |||
| Gifts | 779 | |||
| Camping/sporting Eqip | 1,435 | 1,435 | ||
| Cleaning Expense | 41 | 41 | ||
| Dues/Subsscriptions and Fees | 465 | 80 | ||
| House Supplies | 507 | 507 | ||
| Lodging | 29,779 | 29,779 | ||
| Postage, Mailing service | 7 | 7 | ||
| Retreat/Ministry Tools | 934 | 934 | ||
| Telephone/Internet | 545 | 535 | ||
| Advertising | 2,400 | |||
| Auto Insurance | 101 | 101 | ||
| Small Equipmenet/Retreat | 7,568 | 7,568 | ||
| Storage | 2,577 | 2,577 | ||
| Legal Fees | 10,645 | |||
| Internet Expenses | 210 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|
| Name | Address |
|---|---|
| NA |
|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|