FOUNDATION FOR TRUTH: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FOUNDATION FOR TRUTH (EIN 45-2747584)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-15
IRS object ID: 202403209349101025
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Applied To Prior Year Election
Depreciation Schedule
Investments Land Schedule2
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-15T08:21:47-06:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	872525370	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CITRIN COOPERMAN ADVISORS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	180 PARK AVENUE SUITE 200	AddressLine1Txt
City	FLORHAM PARK	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07932	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	452747584	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FOUNDATION FOR TRUTH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FOUN	BusinessNameControlTxt
Phone	3259428984	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3140 EXECUTIVE DRIVE	AddressLine1Txt
City	SAN ANGELO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76904	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DENNIS REED	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3259428984	PhoneNum
Signature	2024-11-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AMANDA ADAMS	PreparerPersonNm
PTIN	P00748038	PTIN
Phone	9732180500	PhoneNum
Preparation	2024-11-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$47,090,177	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$115,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$26,945	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$26,945	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$443,391	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$443,391	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$6,131,250	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$12,413,002	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$6,131,250	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,220,527	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,220,527	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$7,937,113	TotalRevAndExpnssAmt
Total Net Invst Incm	$7,822,113	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$41,591	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$41,591	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$30,600	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$30,600	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$56,154	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$0	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$56,154	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$7,284	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$7,216	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$68	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$37,924	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$6,000	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$31,924	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$120,830	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$119,830	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$1,000	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$154,108	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$48,108	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$51,298	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$51,298	DeprecAndDpltnNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss	$21,400	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$7,549	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$13,851	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$56,047	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$44,617	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$11,430	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$577,236	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$284,618	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$186,618	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,702,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,702,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,279,736	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$284,618	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,889,118	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$5,657,377	ExcessRevenueOverExpensesAmt
Net Investment Income	$7,537,495	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$2,015,812	CashBOYAmt
Cash EOY	$318,497	CashEOYAmt
Cash EOYFMV	$318,497	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$2,343,572	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$454,293	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$454,293	SavAndTempCashInvstEOYFMVAmt
Invst Land Cost Or Other Basis	$5,408,502	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$449,812	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$13,661,710	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$4,958,690	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$4,595,177	LandBldgInvestmentsEOYFMVAmt
Mortgage Loans BOY	$0	MortgageLoansBOYAmt
Mortgage Loans EOY	$900,000	MortgageLoansEOYAmt
Mortgage Loans EOYFMV	$900,000	MortgageLoansEOYFMVAmt
Other Investments BOY	$15,509,861	OtherInvestmentsBOYAmt
Other Investments EOY	$32,532,813	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$37,840,370	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$12,751	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,751	LandBldgEquipAccumDeprecAmt
Other Assets BOY	$19,466,688	OtherAssetsBOYAmt
Other Assets EOY	$19,490,727	OtherAssetsEOYAmt
Other Assets EOYFMV	$2,981,840	OtherAssetsEOYFMVAmt
Total Assets BOY	$52,997,643	TotalAssetsBOYAmt
Total Assets EOY	$58,655,020	TotalAssetsEOYAmt
Total Assets EOYFMV	$47,090,177	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$52,997,643	RetainedEarningBOYAmt
Retained Earning EOY	$58,655,020	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$52,997,643	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$58,655,020	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$52,997,643	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$58,655,020	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$52,997,643	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$5,657,377	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$58,655,020	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$58,655,020	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	DepreciationDepreciationAmt
PUBLICLY TRADED SECURITIES	$2,271,245	$2,216,580	$54,665	$54,665
SUTTON COUNTY RANCH	$5,900,000	$4,175,149	$1,834,828	$1,834,828	P	2011-12-19	2023-07-12	$109,977
CAPITAL GAIN DISTRIBUTIONS	$327,085		$327,085	$327,085	P
SCHEDULE K-1 CAPITAL GAIN/LOSS	$3,914,672		$3,914,672	$3,914,672	P

Field	Value	IRS element (for citing)
Capital Gain Net Income	$6,131,250	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$104,771	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$104,771	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$104,771	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$119,970	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$40,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$159,970	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$55,199	OverpaymentAmt
Applied To ES Tax	$55,199	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	Yes (1)	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	DENNIS REED	IndividualWithBooksNm
Phone	3259428984	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3140 EXECUTIVE DRIVE	AddressLine1Txt
City	SAN ANGELO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76904	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DENNIS REED
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	PRESIDENT	25.00	$0	$0	$0
DON MCKEE
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	SECRETARY/TREASURER	1.00	$0	$0	$0
MICHAEL LIGHT
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	VICE PRESIDENT	1.00	$0	$0	$0
BRYAN BRASWELL
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	DIRECTOR	40.00	$41,591	$0	$0
MOREY MAST
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	DIRECTOR	1.00	$0	$0	$0
PADEN REED
3140 EXECUTIVE DRIVE	SAN ANGELO	TX	76904	DIRECTOR	2.00	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

Field	Value	IRS element (for citing)
Person	RYAN SMITHEY	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1025 W FM 2105	AddressLine1Txt
City	SAN ANGELO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76901	ZIPCd

Field	Value	IRS element (for citing)
Title	MINISTER	TitleTxt
Average Hrs Per Wk Devoted To Pos	40.00	AverageHrsPerWkDevotedToPosRt
Compensation	$30,600	CompensationAmt
Employee Benefits	$16,972	EmployeeBenefitsAmt
Expense Account	$0	ExpenseAccountAmt

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
LEE LEE & PUCKITT ASSOCIATES
1002 S KOENIGHEIM STE C	SAN ANGELO	TX	76903	RE SALES COMMISSION	$236,000
LPL FINANCIAL
1055 LPL WAY	FORT MILL	SC	29715	INVESTMENT ADVISORY	$119,830

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	THE FOUNDATION'S EVANGELISM PROGRAM INCLUDES THE PURCHASE AND BROADCAST OF EVANGELISTIC LITERATURE AND MATERIALS TO CONGREGATIONS OF THE CHURCH OF THE CHRIST AND VARIOUS INDIVIDUALS WITHIN THE UNITED STATES AS WELL AS ABROAD; ALL OF WHICH PROMOTE THE GOSPEL OF CHRIST. RYAN SMITHEY, AN EMPLOYEE OF THE FOUNDATION, ALSO CONDUCTS DIRECT EVANGELISTIC ACTIVITIES IN THE COMMUNITY.	Description1Txt
Expenses1	$96,041	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$17,947,956	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$839,601	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$21,654,719	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$40,442,276	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$40,442,276	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$606,634	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$39,835,642	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,991,782	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,991,782	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$104,771	TaxBasedOnInvestmentIncomeAmt
Total Tax	$104,771	TotalTaxAmt
Distributable Before Adj	$1,887,011	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$1,887,011	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$1,887,011	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,889,118	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$1,889,118	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,887,011	DistributableAsAdjustedAmt
Undistributed Income PY	$1,730,497	UndistributedIncomePYAmt
Prior Year1	2021	PriorYear1Yr
Total For Prior Years	$69,022	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,889,118	QualifyingDistributionsAmt
Applied To Year1	$1,730,497	AppliedToYear1Amt
Applied To Prior Years	$69,022	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$89,599	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$1,797,412	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	Address Line2RecipientForeignAddress/AddressLine2Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd	Foreign PostalRecipientForeignAddress/ForeignPostalCd
9TH AND MAIN CHURCH OF CHRIST
901 N MAIN STREET	SAN ANGELO	TX	76903	N/A	PC	FINANCIAL ASSISTANCE WITH BILLBOARD ADVERTISING	$65,000
BRYAN COLLEGE STATION CHURCH OF CHRIST
11914 SH 30	BRYAN	TX	77845	N/A	PC	FINANCIAL ASSISTANCE WITH FUTURE EXPANSION TO A NEW BUILDING AND LOCATION	$250,000
CROSSVILLE CHURCH OF CHRIST
PO BOX 211	CROSSVILLE	TN	38557	N/A	PC	FINANCIAL ASSISTANCE FOR OPERATING EXPENSES FOR DNI CHILDREN'S HOME IN INDIA	$110,000
CROSSVILLE CHURCH OF CHRIST
PO BOX 211	CROSSVILLE	TN	38557	N/A	PC	FINANCIAL ASSISTANCE FOR CAPITAL AND OPERATING EXPENSES FOR THE CHERITH HOSTEL	$156,000
CROSSVILLE CHURCH OF CHRIST
PO BOX 211	CROSSVILLE	TN	38557	N/A	PC	FINANCIAL ASSISTANCE WITH THE CAPITAL EXPENSES FOR THE MORNING STAR HOSTEL CHILDREN'S HOME IN INDIA	$83,000
CROSSVILLE CHURCH OF CHRIST
PO BOX 211	CROSSVILLE	TN	38557	N/A	PC	FINANCIAL ASSISTANCE WITH EVANGELISM TO PREACH AND TEACH THE GOSPEL IN INDIA	$108,000
EAST RIDGE CHURCH OF CHRIST
PO BOX 2002	DALTON	GA	30722	N/A	PC	FINANCIAL ASSISTANCE TO SUPPORT EVANGELISTIC MISSION WORK	$50,000
FOREST HILL CHURCH OF CHRIST
3950 FOREST HILL-IRENE RD	MEMPHIS	TN	38125	N/A	PC	FINANCIAL ASSISTANCE TO SUPPORT THE MISSIONARY WORK OF THE "MANNA" PROJECT	$35,000
GOSPEL BROADCASTING NETWORK
8900 GERMANTOWN ROAD	OLIVE BRANCH	MS	38654	N/A	PC	FINANCIAL ASSISTANCE TO PROMOTE EVANGELISM THROUGH SOCIAL MEDIA PLATFORMS	$100,000
LARAMIE CHURCH OF CHRIST
1730 CUSTER STREET	LARAMIE	WY	82070	N/A	PC	FINANCIAL ASSISTANCE TO SUPPORT THE CHRISTIAN STUDENT CENTER EVANGELISTIC WORK	$15,000
OLIVE BRANCH CHURCH OF CHRIST
9100 EAST SANDIDGE ROAC	OLIVE BRANCH	MS	38654	N/A	PC	FINANCIAL ASSISTANCE WITH THE DISASTER RELIEF DUE TO RECENT STORMS IN MISSISSIPPI	$25,000
PIEDMONT ROAD CHURCH OF CHRIST
1630 PIEDMONT RD	MARIETTA	GA	30066	N/A	PC	FINANCIAL ASSISTANCE WITH PHILIPPINES MISSION WORK	$20,000
SAN ANGELO AREA FOUNDATION - FLYNN ENDOWMENT FUND
221 S IRVING ST	SAN ANGELO	TX	76903	N/A	PC	FLYNN ENDOWMENT FUND, A DAF CREATED TO FUND EVANGELISM AND BENEVOLENCE	$400,000
SIERRA VENTANA CHURCH OF CHRIST
				N/A	PC	FINANCIAL ASSISTANCE FOR MONTHLY SUPPORT OF MISSION WORK, RADIO PROGRAM, SCHOOL OF PREACHING, TRAVEL AND FOM	$90,000	SIERRA GANDARA 3912-ACOL SIERRA	VENTANA	MONTERREY	MX	64780
SIERRA VENTANA CHURCH OF CHRIST
				N/A	PC	FINANCIAL ASSISTANCE WITH EXPENSES RELATING TO BENEVOLENCE, EVANGELISM AND MONTERREY SCHOOL OF PREACHING CONFERENCE	$15,500	SIERRA GANDARA 3912-ACOL SIERRA	VENTANA	MONTERREY	MX	64780
SOUTHAVEN CHURCH OF CHRIST
PO BOX 128	SOUTHAVEN	MS	38671	N/A	PC	FINANCIAL ASSISTANCE WITH PERU MISSION WORK	$30,000
SOUTHWEST CHURCH OF CHRIST
8900 MANCHACA RD	AUSTIN	TX	78656	N/A	PC	FINANCIAL ASSISTANCE WITH ITS STAFF SUPPORT AND OPERATING EXPENSES FOR 2023	$40,000
WORLD VIDEO BIBLE SCHOOL
25 LANTANA LANE	MAXWELL	TX	78656	N/A	PC	FINANCIAL ASSISTANCE WITH ITS ONLINE BIBLE SCHOOL AND STAFF SUPPORT FOR 2023	$80,000
WORLD VIDEO BIBLE SCHOOL
25 LANTANA LANE	MAXWELL	TX	78656	N/A	PC	FINANCIAL ASSISTANCE WITH ITS STAFF SUPPORT TO PRODUCE AND TRANSLATE THE AMERICAN SIGN LANGUAGE BIBLE	$30,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,702,500	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$26,945	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$443,391	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$6,131,250	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
ROYALTIES	15	$1,088,596
RANCH-LEASES/CALICHE/WATER	16	$151,177
SCHEDULE K-1 INCOME/LOSS	14	-$19,246

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$7,822,113	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$7,822,113	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	DENNIS REED	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	3140 EXECUTIVE DRIVE	AddressLine1Txt
City	SAN ANGELO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76904	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$115,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BOOKKEEPING, ASSET MAINTENANCE	$30,000	$6,000	$24,000
TAX COMPLIANCE	$7,924	$0	$7,924

Applied To Prior Year Election AppliedToPriorYearElection

Field	Value	IRS element (for citing)
Election	PURSUANT TO IRC SEC. 4942(H)(2) AND TREAS. REG. 53.4942 (A)-3(D)(2), THE FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FOR TAX YEAR 2021 IN THE AMOUNT OF $69,022.	ElectionDesc

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (67 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt
2 LAPTOPS	2012-03-21	$1,548	$1,548	SL	5.000000000000	$0	$0
METAL DETECTOR	2012-03-21	$250	$250	SL	5.000000000000	$0	$0
APPLE IPAD	2012-08-08	$859	$859	SL	5.000000000000	$0	$0
WATER WELLS SUTTON	2012-10-29	$35,390	$35,390	SL	10.000000000000	$0	$0
APPLE IPAD	2012-08-11	$619	$619	SL	5.000000000000	$0	$0
16 TRAILER	2012-11-20	$2,100	$2,100	SL	5.000000000000	$0	$0
FENCING	2013-12-19	$7,200	$6,480	SL	10.000000000000	$0	$0
IPAD W/CASE	2013-02-10	$625	$625	SL	5.000000000000	$0	$0
KUBOTA SKID STEER	2014-11-10	$66,001	$53,900	SL	10.000000000000	$6,600	$6,600
7 FRONT MOWER	2014-11-10	$3,500	$2,858	SL	10.000000000000	$350	$350
PANASONIC AG-HPX250 CAMER	2014-03-10	$4,725	$4,725	SL	5.000000000000	$0	$0
VIDEO CAMERA ACCYS	2014-01-25	$2,104	$2,104	SL	5.000000000000	$0	$0
CROSS FENCE	2014-06-20	$3,651	$3,103	SL	10.000000000000	$0	$0
RANCH HOUSE FURNITURE	2014-03-20	$500	$438	SL	10.000000000000	$50	$50
SOLAR WELL EQ - NE WELL	2014-06-20	$5,632	$4,786	SL	10.000000000000	$563	$563
SOLAR WELL EQ - DUCK PD W	2014-06-20	$4,046	$3,442	SL	10.000000000000	$405	$405
SOLAR WELL EQ - SWITANK W	2014-06-20	$4,069	$3,459	SL	10.000000000000	$407	$407
12.1 MILES OF HIGH FENCE	2014-11-03	$304,371	$248,569	SL	10.000000000000	$30,437	$30,437
WW DRILLING - OILFIELD WE	2014-11-04	$3,900		L		$0	$0
CAMERAS (SEC/SURVEYS)	2014-09-06	$2,976	$2,976	SL	5.000000000000	$0	$0
SPRAYER	2015-08-26	$2,570	$1,885	SL	10.000000000000	$257	$257
STAND & FEEDERS	2015-09-22	$3,563	$2,581	SL	10.000000000000	$356	$356
FRONT PASTURE WW	2015-11-13	$6,617	$4,744	SL	10.000000000000	$662	$662
LIGHTNING FIRE WW	2015-11-13	$7,166	$5,138	SL	10.000000000000	$717	$717
CALICHE PIT WW	2015-11-13	$9,782	$7,009	SL	10.000000000000	$978	$978
CENTRAL VALLEY WW	2015-11-13	$8,435	$6,049	SL	10.000000000000	$844	$844
NEW SWIM TK WW	2015-11-13	$2,837	$2,035	SL	10.000000000000	$284	$284
2 600LB FEEDERS	2015-09-11	$1,315	$968	SL	10.000000000000	$132	$132
TRAILER REPAIRS ITEM #6	2016-06-29	$644	$644	SL	5.000000000000	$0	$0
STANDS AND FEEDERS	2016-06-18	$11,167	$7,260	SL	10.000000000000	$1,117	$1,117
IPAD PRO	2017-01-05	$1,007	$1,007	SL	5.000000000000	$0	$0
COMPUTER, MONITOR, KEYBRD	2017-01-27	$1,264	$1,264	SL	5.000000000000	$0	$0
BIG TEX GOOSENECK TRAILER	2017-01-07	$8,223	$8,223	SL	5.000000000000	$0	$0
FORKS	2017-04-06	$950	$546	SL	10.000000000000	$95	$95
3 LARGE DEER STANDS	2017-02-08	$6,000	$3,550	SL	10.000000000000	$0	$0
3 PROTEIN FEEDERS	2017-04-20	$3,247	$1,841	SL	10.000000000000	$0	$0
10 FEEDERS	2017-01-30	$5,142	$3,041	SL	10.000000000000	$0	$0
6 DEER STANDS	2017-01-30	$15,691	$9,283	SL	10.000000000000	$0	$0
FENCE	2017-11-16	$3,255	$1,657	SL	10.000000000000	$0	$0
SECURITY CAMERAS	2017-07-01	$324	$324	SL	5.000000000000	$0	$0
HUNTER S HOUSE	2017-09-15	$156,202	$30,293	SL	27.500000000000	$0	$0
COOLROOM	2018-11-08	$5,276	$792	SL	27.500000000000	$0	$0
BUNKROOM (NOT COMPLETED)	2018-11-30	$4,594		L		$0	$0
HUNTER S HOUSE FURNITURE	2017-10-10	$6,645	$3,491	SL	10.000000000000	$0	$0
BARN IMPROVEMENTS	2017-06-23	$7,744	$1,094	SL	39.000000000000	$0	$0
3 LARGE DEER STANDS	2017-02-08	$6,000	$3,550	SL	10.000000000000	$600	$600
NEW ROOF	2017-09-25	$10,481	$2,000	SL	27.500000000000	$381	$381
WATER WELL EQ - LOW FENCE	2017-12-08	$1,506	$768	SL	10.000000000000	$151	$151
DECK	2018-07-09	$7,655	$1,240	SL	27.500000000000	$0	$0
BLINDS	2018-09-12	$1,154	$498	SL	10.000000000000	$0	$0
SIDEWALK/PATIO	2018-11-02	$8,200	$1,708	SL	20.000000000000	$0	$0
TANK REPAIRS	2018-11-30	$10,500	$2,144	SL	20.000000000000	$0	$0
WELL HOUSE	2018-12-20	$7,399	$768	SL	39.000000000000	$0	$0
ROCK PATIO	2018-12-31	$16,400	$3,280	SL	20.000000000000	$0	$0
2 PROTEIN/3 CORN FEEDERS	2018-09-27	$4,059	$1,725	SL	10.000000000000	$406	$406
KAWASAKI ATV	2018-09-18	$12,335	$10,485	SL	5.000000000000	$1,850	$1,850
ICR HOUSE ROCK WORK	2019-03-20	$37,751	$5,206	SL	27.500000000000	$1,373	$1,373
AIR COMPRESSOR FOR BARN	2020-10-09	$480	$216	SL	5.000000000000	$96	$96
FEEDERS-3 MOO# PROTEIN FEE	2020-02-13	$3,150	$919	SL	10.000000000000	$315	$315
2 3000LB PROTEIN FEEDERS	2015-03-19	$4,346	$3,370	SL	10.000000000000	$435	$435
NEW WATER LINES, TANKS AND	2022-09-13	$7,252	$242	SL	10.000000000000	$725	$725
6 WAY DOZER BLADE	2022-09-19	$6,902	$173	SL	10.000000000000	$690	$690
BARN IRION COUNTY	2023-12-31	$159,533		SL	39.000000000000	$0	$0
WASHER AND DRYER	2023-11-10	$1,320		SL	10.000000000000	$22	$22
STOVE, MICRO AND FRIDGE	2023-12-31	$1,931		SL	10.000000000000	$0	$0
COOL BOT	2023-12-31	$378		SL	10.000000000000	$0	$0
A/C UNIT FOR BARN	2023-12-31	$747		SL	10.000000000000	$0	$0

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
RANCH - LAND	$4,689,717	$0	$4,689,717	$4,326,204
RANCH - DEPRECIABLE ASSETS	$718,785	$449,812	$268,973	$268,973

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (40 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
AMCAP CL F2	AT COST	$282,554	$357,503
AMERICAN BALANCED CL F2	AT COST	$894,333	$995,528
AMERICAN HIGH INCOME CL F2	AT COST	$395,993	$408,624
AMERICAN MULTI SECTOR INCOME CL F2	AT COST	$535,937	$536,949
AMERICAN MUTUAL CL F2	AT COST	$529,640	$588,851
AMERICAN STRATEGIC BOND CL F2	AT COST	$434,932	$406,714
CALAMOS GROWTH & INCOME CL I	AT COST	$91,000	$92,813
CAPITAL INCOME BUILDER CL F2	AT COST	$771,839	$825,964
CAPITAL WORLD GROWTH & INCOME CL F2	AT COST	$662,044	$769,986
DODGE & COX BALANCED CL I	AT COST	$533,820	$550,658
DODGE & COX STOCK CL I	AT COST	$532,366	$555,483
DREYFUS TREASURY OBLIGS CASH MANAGEMENT INSTL	AT COST	$1,019,134	$1,019,129
DREYFUS GOVT MANAGEMENT INSTL CL	AT COST	$920,822	$920,813
DREYFUS GOVT SECURITIES CASH MANAGEMENT INSTL	AT COST	$718,076	$718,072
DREYFUS TREASURY SECURITIES CASH MANAGEMENT	AT COST	$1,019,179	$1,019,174
FIRST EAGLE GLOBAL CLASS I	AT COST	$306,298	$357,467
FUNDAMENTAL INVESTORS CL F2	AT COST	$340,377	$406,221
GIBBONS HOLDCO, LP	AT COST	$11,895,426	$15,482,192
GROWTH FUND OF AMERICA CL F2	AT COST	$100,282	$114,912
INCOME FUND OF AMERICA	AT COST	$692,109	$713,629
JPMORGAN EQUITY INCOME CLASS I	AT COST	$454,915	$602,945
JPMORGAN GRWTH ADV FUND CLASS I	AT COST	$234,258	$323,340
JPMORGAN HEDGED EQUITY CLASS I	AT COST	$218,492	$252,155
JPMORGAN VALUE ADV FD CLASS L	AT COST	$423,155	$481,718
LINCOLN VARIABLE ANNUITIES	AT COST	$2,420,478	$2,208,004
MFS INTERNATIONAL INTRINSIC VALUE FD CL I	AT COST	$798,051	$798,002
MFS INTERNATIONAL NEW DISCOVERY CL I	AT COST	$285,643	$299,169
MFS MID CAP VALUE FUND CL I	AT COST	$306,766	$407,694
NEW ECONOMY FUND CL F2	AT COST	$235,236	$261,738
NEW PERSPECTIVE CL F2	AT COST	$639,710	$795,375
NUVEEN PREFERRED SECS & INCOME CL I	AT COST	$106,825	$105,216
PIMCO INCOME CL 12	AT COST	$790,828	$806,909
SMALLCAP WORLD FUND CL F2	AT COST	$483,815	$549,072
T ROWE PRICE BLUE CHIP GRWTH CL I	AT COST	$483,270	$873,840
T ROWE PRICE CAP APPREC INVESTOR CL	AT COST	$780,816	$813,139
T ROWE PRICE ALL CAP OPP INVESTOR CL	AT COST	$42,000	$42,064
T ROWE PRICE GLOBAL STOCK INVESTOR CL	AT COST	$269,400	$342,057
T ROWE PRICE HEALTH SCIENCES INVESTOR CL	AT COST	$138,600	$141,613
THORNBURG INCOME BUILDER CL I	AT COST	$229,118	$263,785
WASHINGTON MUTUAL INVESTORS CL F2	AT COST	$515,276	$631,853

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxt	Legal FeesLegalFeesAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
COUNSEL - GRANTEE MATTERS	$68	$0	$68
COUNSEL - RANCH MATTERS	$7,216	$7,216	$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
OIL AND GAS MINERAL INTERESTS	$19,466,688	$19,466,688	$2,957,801
DUE FROM GIBBONS HOLDCO, LP		$24,039	$24,039

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE	$6,992	$6,992	$0
RANCH EXPENSES	$37,625	$37,625	$0
INTERNET/TELEPHONE	$600	$0	$600
EVANGELISM BOOKS - SEE PART VIII-A	$4,342	$0	$4,342
BANK FEES	$380	$0	$380
OFFICE & ADMINISTRATIVE EXPENSE	$1,323	$0	$1,323
OTHER PROGRAM EXPENSES	$4,785	$0	$4,785

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
ROYALTIES	$1,088,596	$1,088,596	$1,088,596
RANCH-LEASES/CALICHE/WATER	$151,177	$151,177	$151,177
SCHEDULE K-1 INCOME/LOSS	-$19,246	-$19,246	-$19,246

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT ADVISORY FEES	$119,830	$119,830	$0
CONSULTING FEES - MISSION	$1,000	$0	$1,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAX	$106,000	$0	$0
PROPERTY TAXES	$48,108	$48,108	$0