2023-05-12T14:35:30-05:00 2022-12-31 200312005 ROBERT L PEREZ LLC 701 POYDRAS ST SUITE 3640 NEW ORLEANS LA 70139 990 2022-01-01 726200544 JOHN J GARBARINO & ADRIENNE HOUSSIERE GARBARINO MEMORIAL TR 1 JOHN 2259236291 445 NORTH BOULEVARD 1ST FLOOR BATON ROUGE LA 70802 HANCOCK WHITNEY BANK FIDUCIARY 2259236291 2023-05-12 1 HANCOCK WHITNEY BANK 999009999 0 ROBERT L PEREZ P00845112 5047174640 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HANCOCK WHITNEY BANK 445 NORTH BOULEVARD 1ST FLOOR BATON ROUGE LA 70802 899692 0 X N/A X 1999 LA THE JOHN & ADRIENNE GARBARINO TRUST #1 IS A CHARITABLE TRUST UNDER LOUISIANA LAW. THE PURPOSE OF THE TRUST IS TO HOLD AND INVEST ASSETS CONTRIBUTED TO THE ORGANIZATION AND TO DISTRIBUTE THE ANNUAL EARNINGS TO OUR LADY IMMACULATE CATHOLIC SCHOOL, A TAX-EXEMPT ORGANIZATION. 2 0 0 0 0 0 0 0 0 0 130497 31690 21563 14783 152060 46473 55000 60000 0 0 0 0 0 0 0 25602 14083 80602 74083 71458 -27610 1075810 1047550 0 0 1075810 1047550 THE JOHN & ADRIENNE GARBARINO TRUST #1 IS A CHARITABLE TRUST UNDER LOUISIANA LAW. THE PURPOSE OF THE TRUST IS TO HOLD AND INVEST ASSETS CONTRIBUTED TO THE ORGANIZATION AND TO DISTRIBUTE THE ANNUAL EARNINGS TO OUR LADY IMMACULATE CATHOLIC SCHOOL, A TAX-EXEMPT ORGANIZATION. 0 0 61273 60000 PROVIDED FUNDING TO OUR LADY IMMACULATE CATHOLIC SCHOOL FOR EDUCATION 61273 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 0 0 X HANCOCK WHITNEY BANK 2259236291 445 NORTH BLVD 1ST FLOOR BATON ROUGE LA 70802 ROBERT L COLE TRUSTEE 3.00 3.00 X 0 0 0 HANCOCK WHITNEY BANK TRUSTEE 5.00 5.00 X 15752 47255 0 15752 47255 0 0 0 0 0 0 23752 23752 3078 3078 22964 11259 11705 11705 11705 849898 841960 7938 7938 7938 46473 0 0 46473 60000 60000 1273 1273 509 509 1400 1400 7958 7958 822 822 GENERAL 1560 1560 ROYALTY EXPENSES 363 363 FOREIGN TAXES 114 114 INSURANCE 84 84 74083 61273 12810 0 50641 75297 125653 21664 104811 103989 920358 868264 1075810 1047550 0 0 X 971767 943561 104043 103989 1075810 1047550 1075810 1047550 X -27610 -650 X 0 0 0 X X 1 OUR LADY IMMACULATE CATHOLIC SCHOOL 720699963 1 1 60000 0 1 60000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 9101 0 0 0 47378 38535 56479 38535 821 822 14474 7958 7991 4030 33193 25725 1148607 1016990 35562 43379 468956 472170 1653125 1532539 552200 0 0 1653125 1532539 24797 22988 1628328 1509551 56991 52834 0 0 56991 52834 33193 28214 56991 56991 0 56991 60000 0 1273 0 0 0 61273 60000 56991 100.000000000000 56991 0 0 0 0 0 5707 5707 0 5707 0 0 61273 0 51284 9989 0 0 9989 0 0 0 0 9989 PART V, SECTION B, LINE 1(E) THIS TRUST OWNS AN UNDIVIDED 20% FRACTIONAL OWNERSHIP IN APPROXIMATELY 1,843 ACRES OF RURAL PROPERTY LOCATED IN JEFFERSON DAVIS PARISH, LOUISIANA. IN ORDER TO PROPERLY VALUE THE UNDIVIDED 20% FRACTIONAL INTEREST IN THE PROPERTY, THE TRUSTEE RETAINED THE SERVICES OF WARREN E PETERS, LOUISIANA STATE CERTIFIED GENERAL REAL ESTATE APPRAISER. IN HIS REPORT, MR. PETERS INCLUDED A DISCUSSION OF THE DISCOUNT ATTRIBUTED BY THE APPRAISER TO ACCOUNT FOR THE FACT THAT THE TRUST OWNS AN UNDIVIDED FRACTIONAL INTEREST IN THE OWNERSHIP OF THE GARBARINO MEMORIAL FARM. IN THE REPORT, MR PETERS STATES THAT IT IS APPROPRIATE, IN ACCORDABCE WITH THE DEFINITION OF "FAIR MARKET VALUE" AS SET FORTH IN TREASURY REGULATION SEC 20.2031-1(B), TO ACCORD TO THE UNDIVIDED FRACTIONAL OWNERSHIP A REDUCTION OF 55% FROM ITS PRO-RATA SHARE OF THE FAIR MARKET VALUE OF THE WHOLE OR 100% OWNERSHIP INTEREST IN THE SAME PROPERTIES. PURSUANT TO THE APPRAISAL REPORT, THE UNDISCOUNTED VALUE OF THE TRUST'S 20% INTEREST IN THE PROPERTY IS $1,004,000 AND THE DISCOUNTED VALUE IS $451,800. PART V, SECTION D, LINE 8 DISTRIBUTIONS TO SUPPORTED ORGANIZATION OUR LADY IMMACULATE CATHOLIC SCHOOL RECEIVES THE MAJORITY OF ITS SUPPORT FROM THIS TRUST; WITHOUT THE FUNDS PROVIDED HERE, THE ORGANIZATION COULD NOT CONTINUE MANY OF ITS EDUCATIONAL ACTIVITIES. 97828 97828 27825 21664 6161 103989 0 OUR LADY IMMACULATE CATHOLIC SCHOOL 600 ROBERTS AVE JENNINGS LA 70546 720699963 501(C)(3) 60000 0 EDUCATION 1 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 A DRAFT COPY IS EMAILED TO THE BOARD FOR REVIEW, WHICH IS THEN FOLLOWED UP WITH A MAILED PAPER COPY FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL HANCOCK WHITNEY BANK, AS TRUSTEE, CHARGES INVESTMENT FEES WHICH ARE APPROVED AND REGULATED BY THE OFFICE OF THE COMPTROLLER OF CURRENCY AND ARE IN ACCORDANCE WITH INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ADJUSTMENT TO MATCH BOOK CARRYING VALUE OF ASSETS -650.