WEBSTER EDUCATIONAL FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WEBSTER EDUCATIONAL FOUNDATION (EIN 46-5374393)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-15
IRS object ID
202331359349105713
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T17:33:09-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN750767305PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AXLEY & RODE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1203 N HOUSTON AVEAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN465374393EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEBSTER EDUCATIONAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEBSBusinessNameControlTxt
Phone9363277181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1306 NORTH WASHINGTONAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGENE BUSHPersonNm
Person TitlePRES/DIRECTORPersonTitleTxt
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGENEPersonFirstNm
Person LastBUSHPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRHONDA S WELLS CPAPreparerPersonNm
PTINP00030826PTIN
Phone9363273166PhoneNum
Preparation2023-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$13,433,140FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$6,574InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,574InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$120,769DividendsRevAndExpnssAmt
Dividends Net Invst Incm$120,769DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$12,947GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$12,947GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$12,947NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$355NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,623,893GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$355CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$532,716OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$532,716OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$673,361TotalRevAndExpnssAmt
Total Net Invst Incm$673,361TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$35,250CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$17,625CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$17,625CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$6,258AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,129AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,129AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$7,638OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,638OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$112,173TaxesRevAndExpnssAmt
Taxes Net Invst Incm$40,166TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,945OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,322OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$623OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$163,264TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$69,880TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,377TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$929,053ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$929,053ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,092,317TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$69,880TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$950,430TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$418,956ExcessRevenueOverExpensesAmt
Net Investment Income$603,481NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$931,268SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$215,572SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$215,572SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$7,055,681USGovernmentObligationsBOYAmt
US Government Obligations EOY$7,038,397USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$6,522,487USGovtObligationsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,451,618LandBldgEquipCostOrOtherBssAmt
Land BOY$4,127,051LandBOYAmt
Land EOY$4,451,618LandEOYAmt
Land EOYFMV$6,650,860LandEOYFMVAmt
Other Assets BOY$63,235OtherAssetsBOYAmt
Other Assets EOY$44,221OtherAssetsEOYAmt
Other Assets EOYFMV$44,221OtherAssetsEOYFMVAmt
Total Assets BOY$12,177,235TotalAssetsBOYAmt
Total Assets EOY$11,749,808TotalAssetsEOYAmt
Total Assets EOYFMV$13,433,140TotalAssetsEOYFMVAmt
Grants Payable BOY$708,051GrantsPayableBOYAmt
Grants Payable EOY$684,255GrantsPayableEOYAmt
Other Liabilities BOY$8,471OtherLiabilitiesBOYAmt
Total Liabilities BOY$716,522TotalLiabilitiesBOYAmt
Total Liabilities EOY$684,255TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$9,111,994CapitalStockBOYAmt
Capital Stock EOY$9,111,994CapitalStockEOYAmt
Retained Earning BOY$2,348,719RetainedEarningBOYAmt
Retained Earning EOY$1,953,559RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,460,713TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,065,553TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,177,235TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,749,808TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,460,713TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$418,956ExcessRevenueOverExpensesAmt
Other Increases$23,796OtherIncreasesAmt
Subtotal$11,065,553SubtotalAmt
Tot Net Ast Or Fund Balances EOY$11,065,553TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
200,000 FFCBP2019-03-312022-03-15$200,000$199,942$58$58
250,000 FFCBP2018-04-302022-04-25$250,000$249,737$263$263
550,000 FHLBP2015-06-302022-06-10$550,000$549,125$875$875
275,000 FFCBP2018-09-302022-08-23$275,000$274,734$266$266
CITIZENS STATE BANK CD 30943P2016-04-302022-12-29$99,823$100,000-$177-$177
FIRST STATE BANK CD 56948 & 56079P2014-12-312022-12-28$249,070$250,000-$930-$930
FieldValueIRS element (for citing)
Capital Gain Net Income$355CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,388InvestmentIncomeExciseTaxAmt
Subtotal$8,388SubtotalAmt
Tax Based On Investment Income$8,388TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$11,529EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$11,529TotalPaymentsAndCreditsAmt
Overpayment$3,141OverpaymentAmt
Applied To ES Tax$3,141AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSHELLY SITTONIndividualWithBooksNm
Phone9363277181PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1306 NORTH WASHINGTONAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GENE BUSH
PO BOX 1617LIVINGSTONTX77351PRES/DIRECTO8.00$9,250$0$0
ANTHONY PAGE
PO BOX 500CORRIGANTX75939VP/DIRECTOR10.00$12,000$0$0
SHELLY SITTON
PO BOX 126LIVINGSTONTX77351SECRETARY10.00$12,000$0$0
JANAN MOORE
355 RAYON ROAD WESTLIVINGSTONTX77351DIRECTOR5.00$1,000$0$0
MATTHEW PAGE
PO BOX 500CORRIGANTX75939DIRECTOR5.00$1,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$6,765,013AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$596,042AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,702,770FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,063,825TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,063,825AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$210,957CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,852,868NetVlNoncharitableAssetsAmt
Minimum Investment Return$692,643MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$692,643MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,388TaxBasedOnInvestmentIncomeAmt
Total Tax$8,388TotalTaxAmt
Distributable Before Adj$684,255DistributableBeforeAdjAmt
Distributable Before Ded$684,255DistributableBeforeDedAmt
Distributable As Adjusted$684,255DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$950,430ExpensesAndContributionsAmt
Set Aside Cash Distri Test$2,065SetAsideCashDistriTestAmt
Qualifying Distributions$952,495QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$684,255DistributableAsAdjustedAmt
Undistributed Income PY$708,051UndistributedIncomePYAmt
Prior Year12020PriorYear1Yr
Total For Prior Years$244,444TotalForPriorYearsAmt
Qualifying Distributions$952,495QualifyingDistributionsAmt
Applied To Year1$708,051AppliedToYear1Amt
Applied To Prior Years$244,444AppliedToPriorYearsAmt
Undistributed Income CY$684,255UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonFLOYD BUSHRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1306 N WASHINGTONAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9363277181RecipientPhoneNum
Form And Info And MaterialsSEE STATEMENT FOR LINE 2A & LINE 2DFormAndInfoAndMaterialsTxt
Submission DeadlinesSEE STATEMENT FOR LINE 2A & LINE 2DSubmissionDeadlinesTxt
Restrictions On AwardsRESTRICTED TO ENTITIES THAT WILL PROMOTE, ASSIST AND FURTHER THE CULTURAL, ARTISTIC, EDUCATIONAL, LITERARY, RECREATIONAL, CHARITABLE, AND HISTORICAL ACTIVITIES, AND FACILITIES CARRIED ON OR MAINTAINED BY THE CITIES OF LIVINGSTON AND CORRIGAN, TEXAS AND POLK COUNTY, TEXAS FOR THE RESIDENTS OF SAID CITIES AND COUNTY.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG SANDY ISD
RT 3 BOX 422LIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$55,855
CORRIGANCAMDEN ISD
HWY 287 WCORRIGANTX75939NONEPUBLICSCHOLARSHIPS$224,056
GOODRICH ISD
PO BOX 789GOODRICHTX77351NONEPUBLICSCHOLARSHIPS$14,167
LEGGETT ISD
PO BOX 69LEGGETTTX77350NONEPUBLICSCHOLARSHIPS$22,217
LIVINGSTON ISD
907 W CHURCH STLIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$370,000
ONALASKA ISD
PO BOX 2289ONALASKATX77360NONEPUBLICSCHOLARSHIPS$21,000
BOYS & GIRLS CLUB OF POLK COUNTY
1035 LIBERTY AVELIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$10,000
CORRIGAN AREA HERITAGE CENTER
PO BOX 388CORRIGANTX75939NONEPUBLICGENERAL OPERATIONS$5,000
CITY OF CORRIGAN
101 W BEN FRANKLIN STCORRIGANTX75939NONEPUBLICPUBLIC LIBRARY REPAIRS$51,388
CORRIGAN VFD
1001 N HOME STCORRIGANTX75939NONEPUBLICGENERAL OPERATIONS$50,000
LIVINGSTON VFD
119 W ABBEYLIVINGSTONTX77351NONEPUBLICGENERAL OPERATIONS$50,000
ONALASKA VFD
181 OLD GROVETON RDONALASKATX77360NONEPUBLICGENERAL OPERATIONS$50,000
ELEXIA BROWN
107 N PINE STMOSCOWTX75960NONESCHOLARSHIP$4,170
ASHLEY BROWN
PO BOX 354MOSCOWTX75960NONESCHOLARSHIP$1,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$929,053TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,574ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$120,769ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$12,947ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$355ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
HUNTING LEASE INCOME16$32,341
OIL & GAS ROYALTIES16$499,868
INTEREST INCOME - IRS14$507

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$673,361ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$673,361TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAXLEY & RODE, LLPCategoryTxt
Amt$6,258Amt
Net Investment Income$3,129NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,129DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$7,038,397USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$6,522,487USGovtObligationsEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemLANDCategoryOrItemTxt
Cost Or Other Basis$4,451,618CostOrOtherBasisAmt
Book Value$4,451,618BookValueAmt
EOYFMV$6,650,860EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PREPAID INCOME TAX$6,655$3,141$3,141
ROYALTY INTERESTS$41,080$41,080$41,080
EARNEST MONEY$15,500

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OFFICE EXPENSE$154$77$77
INSURANCE EXPENSE$1,023$511$512
TRACT EXPENSE$700$700
MISCELLANEOUS EXPENSE$68$34$34

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
HUNTING LEASE INCOME$32,341$32,341
OIL & GAS ROYALTIES$499,868$499,868
INTEREST INCOME - IRS$507$507

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDECREASE IN GRANTS PAYABLEDesc
Amt$23,796Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCISE TAX PAYABLEDesc
BOY Book Value$8,471BOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryFORESTRY MANAGEMENTCategoryTxt
Amt$7,638Amt
Net Investment Income$7,638NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX-PRIOR YEAR$63,619
PROPERTY TAXES$40,166$40,166
EXCISE TAX$8,388

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