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THE FRANK AND MARGARET RACE FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE FRANK AND MARGARET RACE FOUNDATION INC (EIN 42-0925360)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-11
IRS object ID
202211319349104461
Schema version
2021v4.2
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)
Return2022-05-11T12:22:11-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363168081PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SIKICH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line113400 BISHOPS LANE SUITE 300AddressLine1Txt
CityBROOKFIELDCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53005ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420925360EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FRANK AND MARGARET RACEBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFRANBusinessNameControlTxt
Phone3193667300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1222 3RD AVE SE 269AddressLine1Txt
CityCEDAR RAPIDSCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH R RUSOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3193667300PhoneNum
Signature2022-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastRUSOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJILL M BOYLE CPAPreparerPersonNm
PTINP01246734PTIN
Phone2627549400PhoneNum
Preparation2022-05-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,964,777FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$25,413DividendsRevAndExpnssAmt
Dividends Net Invst Incm$25,768DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$451,456NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,722,745GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$451,492CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$144OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$9,017OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$477,013TotalRevAndExpnssAmt
Total Net Invst Incm$486,277TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$35,450OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$32,400OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$3,050OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$1,225TaxesRevAndExpnssAmt
Taxes Net Invst Incm$40TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$36,675TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,440TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,050TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$121,894ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$121,894ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$158,569TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,440TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$124,944TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$318,444ExcessRevenueOverExpensesAmt
Net Investment Income$453,837NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,613CashBOYAmt
Cash EOY$2,471CashEOYAmt
Cash EOYFMV$2,471CashEOYFMVAmt
Sav And Temp Cash Invst BOY$119,839SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$61,327SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$61,327SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,297,650CorporateStockBOYAmt
Corporate Stock EOY$2,832,758CorporateStockEOYAmt
Corporate Stock EOYFMV$2,832,758CorporateStockEOYFMVAmt
Other Investments BOY$104,608OtherInvestmentsBOYAmt
Other Investments EOY$68,221OtherInvestmentsEOYAmt
Other Investments EOYFMV$68,221OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,525,710TotalAssetsBOYAmt
Total Assets EOY$2,964,777TotalAssetsEOYAmt
Total Assets EOYFMV$2,964,777TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,525,710NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,964,777NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,525,710TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,964,777TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,525,710TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,964,777TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,525,710TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$318,444ExcessRevenueOverExpensesAmt
Other Increases$120,623OtherIncreasesAmt
Subtotal$2,964,777SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,964,777TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCd
PUBLICLY TRADED SECURITIES - LPL 2906$2,722,744$2,271,253$451,491$451,491
CAPITAL GAINS DIVIDENDS$1$1$1P
FieldValueIRS element (for citing)
Capital Gain Net Income$451,492CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,308InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,308SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,308TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,400EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$5,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$6,400TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$92OverpaymentAmt
Applied To ES Tax$92AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateIAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEPH R RUSSOIndividualWithBooksNm
Phone3193667300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1230 2ND STREET SE SUITE 200AddressLine1Txt
CityCEDAR RAPIDSCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52401ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

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
JOSEPH R RUSSO
230 2ND ST SECEDAR RAPIDSIA52401PRESIDENT1.00$0$0$0
ALAN BRINKMAN
2335 LINDEN DR SECEDAR RAPIDSIA52403SEC'Y/TREAS1.00$0$0$0
DAWN MCDANIEL
425 SE 19TH STCAPE CORALFL33990BOARD MEMBER1.00$0$0$0
SUSIE HARRISON
46-560A ARAPHOEINDIAN WELLSCA92210BOARD MEMBER1.00$0$0$0
TONI BAIN
230 2ND ST SECEDAR RAPIDSIA52401BOARD MEMBER1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,580,555AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$125,433AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$71,411FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,777,399TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,777,399AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$41,661CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,735,738NetVlNoncharitableAssetsAmt
Minimum Investment Return$136,787MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$136,787MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,308TaxBasedOnInvestmentIncomeAmt
Total Tax$6,308TotalTaxAmt
Distributable Before Adj$130,479DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$130,479DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$130,479DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$124,944ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$124,944QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$130,479DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$17,605ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,834ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$23,439TotalExcessDistributionCyovAmt
Qualifying Distributions$124,944QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$124,944AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$5,535ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$5,535ExcessDistributionCyovAppCYAmt
Total Corpus$17,904TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$12,070ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,834ExcessDistriCyovToNextYrAmt
Excess From Year4$5,834ExcessFromYear4Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALL NATIONS FAMILY
PO BOX 55GRANDVIEWMO64030PUBLIC CHARITYEMERGENCY FUND$15,600
HARVESTERS
2001 WEST PLANO PARKWAY STE 3432PLANOTX75075PUBLIC CHARITYSUPPORT OF MISSIONARIES$6,000
HIS HANDS
PO BOX 339CEDAR RAPIDSIA52406PUBLIC CHARITYFREE MEDICAL CLINIC - MEDICATION FUND SUPPORT$5,000
HOUSE OF HOPE
1744 2ND AVE SECEDAR RAPIDSIA52403PUBLIC CHARITYGENERAL SUPPORT$7,500
INDOPARTNERS AGENCY
550 W BASELINE RD 102-509MESAAZ85210PUBLIC CHARITYGENERAL SUPPORT$5,000
INNER CITY IMPACT
3327 W FULLERTON AVECHICAGOIL60647PUBLIC CHARITYGENERAL SUPPORT$7,500
INTERVARSITY CHRISTIAN FELLOWSHIP
PO BOX 7895MADISONWI537077895PUBLIC CHARITYGENERAL SUPPORT$10,000
JESUS FILM PROJECT
PO BOX 628222ORLANDOFL328628222PUBLIC CHARITYSUPPORT - MICRO SD CARD, MASS DUPLICATOR$5,000
PIONEER BIBLE TRANSLATORS
2508 ROGERS BLVDMANHATTANKS66502PUBLIC CHARITYGENERAL SUPPORT$18,822
SAMARITAN'S PURSE
PO BOX 3000BOONENC28607PUBLIC CHARITYSUPPORT - SYRIAN REFUGEES AND SOUTH SUDAN$10,000
WYCLIFFE BIBLE TRANSLATORS
PO BOX 628200ORLANDOFL32862PUBLIC CHARITYGENERAL SUPPORT$1,650
YOUNG LIFE ASIA PACIFIC CO JIM CUNNINGHAM
6247 OLIVER CREEK PKWYHOLLY SPRINGSNC27540PUBLIC CHARITYGENERAL SUPPORT$3,000
YOUTHS FOR CHRIST USA
PO BOX 4478ENGLEWOODCO80155PUBLIC CHARITYGENERALL SUPPORT$5,000
YWAM
PO BOX 3000GARDEN VALLEYTX75771PUBLIC CHARITYSCRIPTURE TRANSLATION$21,822
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$121,894TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25,413ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$451,456ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescLITIGATION INCOMEDesc
Exclusion01ExclusionCd
Exclusion$144ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$477,013ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$477,013TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CORPORATE STOCK - LPL #2906$2,816,075$2,816,075
CORPORATE STOCK - LPL #0474$16,683$16,683

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
HIGHLANDS REIT - LPL #0474FMV$2,091$2,091
COMMONWEALTH INCOME & GROWTHFMV$11,810$11,810
ANNUITY CONTRACTFMV$54,320$54,320

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescNet Investment IncomeNetInvestmentIncomeAmtRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
ANNUITY PAYMENT$9,017
LITIGATION INCOME$144$144

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCURRENT YEAR CHANGE IN UNREALIZED GAIN/LOSS IN FMV OF INVESTMENTSDesc
Amt$120,623Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROFESSIONAL FEES$3,050$0$3,050
INVESTEMENT FEES$32,400$32,400$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES$40$40$0
2021 EXCISE TAX ESTIMATED PAYMENTS$1,185$0$0

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