WEBSTER EDUCATIONAL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WEBSTER EDUCATIONAL FOUNDATION (EIN 46-5374393)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349109765
Schema version
2021v4.0
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)
Return2022-11-15T18:58:55-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-15SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRHONDA S WELLS CPAPreparerPersonNm
PTINP00030826PTIN
Phone9363273166PhoneNum
Preparation2022-11-15PreparationDt
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$14,506,571FMVAssetsEOYAmt
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$7,630InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7,630InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$137,415DividendsRevAndExpnssAmt
Dividends Net Invst Incm$137,415DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$12,693GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$12,693GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$12,693NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$3,373NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,474,435GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,373CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$481,812OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$481,812OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$642,923TotalRevAndExpnssAmt
Total Net Invst Incm$642,923TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$33,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$16,500CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$16,500CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,342AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,671AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,671AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$9,023OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,023OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$28,865TaxesRevAndExpnssAmt
Taxes Net Invst Incm$15,537TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$3,325OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,768OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$557OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$81,555TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$47,499TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$20,728TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$439,531ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$439,531ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$521,086TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$47,499TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$460,259TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$121,837ExcessRevenueOverExpensesAmt
Net Investment Income$595,424NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$718,515SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$931,268SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$931,268SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$7,194,333USGovernmentObligationsBOYAmt
US Government Obligations EOY$7,055,681USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$7,184,202USGovtObligationsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,127,051LandBldgEquipCostOrOtherBssAmt
Land BOY$4,136,487LandBOYAmt
Land EOY$4,127,051LandEOYAmt
Land EOYFMV$6,327,866LandEOYFMVAmt
Other Assets BOY$41,080OtherAssetsBOYAmt
Other Assets EOY$63,235OtherAssetsEOYAmt
Other Assets EOYFMV$63,235OtherAssetsEOYFMVAmt
Total Assets BOY$12,090,415TotalAssetsBOYAmt
Total Assets EOY$12,177,235TotalAssetsEOYAmt
Total Assets EOYFMV$14,506,571TotalAssetsEOYFMVAmt
Grants Payable BOY$710,066GrantsPayableBOYAmt
Grants Payable EOY$708,051GrantsPayableEOYAmt
Other Liabilities BOY$3,488OtherLiabilitiesBOYAmt
Other Liabilities EOY$8,471OtherLiabilitiesEOYAmt
Total Liabilities BOY$713,554TotalLiabilitiesBOYAmt
Total Liabilities EOY$716,522TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$9,111,994CapitalStockBOYAmt
Capital Stock EOY$9,111,994CapitalStockEOYAmt
Retained Earning BOY$2,264,867RetainedEarningBOYAmt
Retained Earning EOY$2,348,719RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,376,861TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,460,713TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,090,415TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,177,235TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,376,861TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$121,837ExcessRevenueOverExpensesAmt
Other Increases$2,015OtherIncreasesAmt
Subtotal$11,500,713SubtotalAmt
Other Decreases$40,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$11,460,713TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
400,000 FHLB @1.875% DUE 6/21/21P2015-02-282021-06-21$390,000$388,499$1,501$1,501
300,000 FHLMC @ 1.65% DUE 1/29/21P2015-04-302021-01-29$300,000$301,018-$1,018-$1,018
400,000 FFCB @ 1.96% DUE 11/19/21P2018-06-302021-11-19$400,000$392,085$7,915$7,915
375,000 FFCB @ 1.9% DUE 6/24/21P2020-03-312021-06-24$375,000$380,025-$5,025-$5,025
TIMBER SALEP2014-12-312021-12-31$9,435$9,435
FieldValueIRS element (for citing)
Capital Gain Net Income$3,373CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,276InvestmentIncomeExciseTaxAmt
Subtotal$8,276SubtotalAmt
Tax Based On Investment Income$8,276TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$20,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$20,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$195EsPenaltyAmt
Overpayment$11,529OverpaymentAmt
Applied To ES Tax$11,529AppliedToESTaxAmt

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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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 (3 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$9,000$0$0
ANTHONY PAGE
PO BOX 500CORRIGANTX75939VP/DIRECTOR10.00$12,000$0$0
SHELLY SITTON
PO BOX 126LIVINGSTONTX77351SECRETARY10.00$12,000$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$7,473,589AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$692,901AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,378,216FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,544,706TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,544,706AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$218,171CashDeemedCharitableAmt
Net Vl Noncharitable Assets$14,326,535NetVlNoncharitableAssetsAmt
Minimum Investment Return$716,327MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$716,327MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,276TaxBasedOnInvestmentIncomeAmt
Total Tax$8,276TotalTaxAmt
Distributable Before Adj$708,051DistributableBeforeAdjAmt
Distributable Before Ded$708,051DistributableBeforeDedAmt
Distributable As Adjusted$708,051DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$460,259ExpensesAndContributionsAmt
Qualifying Distributions$460,259QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$708,051DistributableAsAdjustedAmt
Undistributed Income PY$704,703UndistributedIncomePYAmt
Qualifying Distributions$460,259QualifyingDistributionsAmt
Applied To Year1$460,259AppliedToYear1Amt
Taxable2$244,444Taxable2Amt
Undistributed Income CY$708,051UndistributedIncomeCYAmt

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 (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG SANDY ISD
RT 3 BOX 422LIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$55,000
CORRIGANCAMDEN ISD
HWY 287 WCORRIGANTX75939NONEPUBLICSCHOLARSHIPS$126,948
GOODRICH ISD
PO BOX 789GOODRICHTX77351NONEPUBLICSCHOLARSHIPS$18,083
LEGGETT ISD
PO BOX 69LEGGETTTX77350NONEPUBLICSCHOLARSHIPS$16,250
LIVINGSTON ISD
907 W CHURCH STLIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$165,500
ONALASKA ISD
PO BOX 2289ONALASKATX77360NONEPUBLICSCHOLARSHIPS$42,750
BOYS & GIRLS CLUB OF POLK COUNTY
1035 LIBERTY AVELIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$10,000
CORRIGAN AREA HERITAGE CENTER
PO BOX 388CORRIGANTX75939NONEPUBLICGENERAL OPERATIONS$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$439,531TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,630ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$137,415ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$12,693ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,373ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
HUNTING LEASE INCOME16$28,769
OIL & GAS ROYALTIES16$453,043

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$642,923ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$642,923TotalIncomeProducingActyAmt

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$7,342Amt
Net Investment Income$3,671NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,671DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$7,055,681USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$7,184,202USGovtObligationsEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemLANDCategoryOrItemTxt
Cost Or Other Basis$4,127,051CostOrOtherBasisAmt
Book Value$4,127,051BookValueAmt
EOYFMV$6,327,866EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmtBOY Book ValueBOYBookValueAmt
PREPAID INCOME TAX$6,655$6,655
ROYALTY INTERESTS$41,080$41,080$41,080
EARNEST MONEY$15,500$15,500

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescGRANTS SET ASIDE IN 2020Desc
Amt$40,000Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OFFICE EXPENSE$152$76$76
INSURANCE EXPENSE$963$482$481
TRACT EXPENSE$2,210$2,210

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
HUNTING LEASE INCOME$28,769$28,769
OIL & GAS ROYALTIES$453,043$453,043

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDECREASE IN GRANTS PAYABLEDesc
Amt$2,015Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCISE TAX PAYABLEDesc
BOY Book Value$3,488BOYBookValueAmt
EOY Book Value$8,471EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryFORESTRY MANAGEMENTCategoryTxt
Amt$9,023Amt
Net Investment Income$9,023NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$13,328
PROPERTY TAXES$15,537$15,537

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