WEBSTER EDUCATIONAL FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WEBSTER EDUCATIONAL FOUNDATION (EIN 46-5374393)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349103684
Schema version
2020v4.0
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)
Return2021-11-15T14:24:29-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-12SignatureDt
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
Preparation2021-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$14,648,064FMVAssetsEOYAmt
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$8,261InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,261InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$148,151DividendsRevAndExpnssAmt
Dividends Net Invst Incm$148,151DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$12,444GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$12,444GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$12,444NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$20,821NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,563,213GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$20,821CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$446,476OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$446,476OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$636,153TotalRevAndExpnssAmt
Total Net Invst Incm$636,153TotalNetInvstIncmAmt
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
Other Prof Fees Rev And Expnss$17,161OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$17,161OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$8,345TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$6,026OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,979OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$47OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$64,532TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$39,640TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$16,547TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$480,531ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$480,531ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$545,063TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$39,640TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$497,078TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$91,090ExcessRevenueOverExpensesAmt
Net Investment Income$596,513NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$554,303SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$718,515SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$718,515SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$7,244,237USGovernmentObligationsBOYAmt
US Government Obligations EOY$7,194,333USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$7,547,235USGovtObligationsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,136,487LandBldgEquipCostOrOtherBssAmt
Land BOY$4,149,699LandBOYAmt
Land EOY$4,136,487LandEOYAmt
Land EOYFMV$6,341,234LandEOYFMVAmt
Other Assets BOY$47,598OtherAssetsBOYAmt
Other Assets EOY$41,080OtherAssetsEOYAmt
Other Assets EOYFMV$41,080OtherAssetsEOYFMVAmt
Total Assets BOY$11,995,837TotalAssetsBOYAmt
Total Assets EOY$12,090,415TotalAssetsEOYAmt
Total Assets EOYFMV$14,648,064TotalAssetsEOYFMVAmt
Grants Payable BOY$531,715GrantsPayableBOYAmt
Grants Payable EOY$710,066GrantsPayableEOYAmt
Other Liabilities EOY$3,488OtherLiabilitiesEOYAmt
Total Liabilities BOY$531,715TotalLiabilitiesBOYAmt
Total Liabilities EOY$713,554TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$9,111,994CapitalStockBOYAmt
Capital Stock EOY$9,111,994CapitalStockEOYAmt
Retained Earning BOY$2,352,128RetainedEarningBOYAmt
Retained Earning EOY$2,264,867RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,464,122TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,376,861TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,995,837TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,090,415TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,464,122TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$91,090ExcessRevenueOverExpensesAmt
Subtotal$11,555,212SubtotalAmt
Other Decreases$178,351OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$11,376,861TotNetAstOrFundBalancesEOYAmt

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
250,000 FFCB 3133EGKW4P2019-01-312020-02-29$250,000$239,625$10,375$10,375
500,000 FNMA 3136G4CE1P2016-10-312020-04-30$500,000$500,000
400,000 FHLMC 3137EADR7P2014-12-312020-05-31$400,000$390,900$9,100$9,100
200,000 FHLB 313383MB4P2014-12-312020-06-30$200,000$198,654$1,346$1,346
200,000 FHLMC 3134GUK25P2019-12-312020-06-30$200,000$200,000
TIMBERP2014-12-312020-06-30$13,213$13,213
FieldValueIRS element (for citing)
Capital Gain Net Income$20,821CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,292InvestmentIncomeExciseTaxAmt
Subtotal$8,292SubtotalAmt
Tax Based On Investment Income$8,292TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,857EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,857TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$53EsPenaltyAmt
Tax Due$3,488TaxDueAmt

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 (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/DIRECTO000.00$9,000$0$0
ANTHONY PAGE
PO BOX 500CORRIGANTX75939VP/DIRECTOR000.00$12,000$0$0
SHELLY SITTON
PO BOX 126LIVINGSTONTX77351SECRETARY000.00$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$7,565,962AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$632,727AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,387,267FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,585,956TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,585,956AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$218,789CashDeemedCharitableAmt
Net Vl Noncharitable Assets$14,367,167NetVlNoncharitableAssetsAmt
Minimum Investment Return$718,358MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$718,358MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,292TaxBasedOnInvestmentIncomeAmt
Total Tax$8,292TotalTaxAmt
Distributable Before Adj$710,066DistributableBeforeAdjAmt
Distributable Before Ded$710,066DistributableBeforeDedAmt
Distributable As Adjusted$710,066DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$497,078ExpensesAndContributionsAmt
Set Aside Cash Distri Test$40,000SetAsideCashDistriTestAmt
Qualifying Distributions$537,078QualifyingDistributionsAmt
Adjusted Qualifying Distri$537,078AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$710,066DistributableAsAdjustedAmt
Undistributed Income PY$531,715UndistributedIncomePYAmt
Qualifying Distributions$537,078QualifyingDistributionsAmt
Applied To Year1$531,715AppliedToYear1Amt
Applied To Current Year$5,363AppliedToCurrentYearAmt
Undistributed Income CY$704,703UndistributedIncomeCYAmt

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$39,427
CORRIGANCAMDEN ISD
HWY 287 WCORRIGANTX75939NONEPUBLICSCHOLARSHIPS$134,769
GOODRICH ISD
PO BOX 789GOODRICHTX77351NONEPUBLICSCHOLARSHIPS$27,085
LEGGETT ISD
PO BOX 69LEGGETTTX77350NONEPUBLICSCHOLARSHIPS$26,500
LIVINGSTON ISD
907 W CHURCH STLIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$200,000
ONALASKA ISD
PO BOX 2289ONALASKATX77360NONEPUBLICSCHOLARSHIPS$37,750
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$480,531TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,261ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$148,151ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$12,444ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$20,821ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
HUNTING LEASE INCOME16$28,929
OIL & GAS ROYALTIES16$417,547

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$636,153ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$636,153TotalIncomeProducingActyAmt

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

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$7,194,333USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$7,547,235USGovtObligationsEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemLANDCategoryOrItemTxt
Cost Or Other Basis$4,136,487CostOrOtherBasisAmt
Book Value$4,136,487BookValueAmt
EOYFMV$6,341,234EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PREPAID INCOME TAX$4,857
ROYALTY INTERESTS$41,080$41,080$41,080
PREPAID TREASURY INTEREST$1,661

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN GRANTS PAYABLEDesc
Amt$178,351Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OFFICE EXPENSE$94$47$47
INSURANCE EXPENSE$937$937
REPAIRS & MAINTENANCE$4,995$4,995

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
HUNTING LEASE INCOME$28,929$28,929
OIL & GAS ROYALTIES$417,547$417,547

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

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

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryFORESTRY MANAGEMENTCategoryTxt
Amt$17,161Amt
Net Investment Income$17,161NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$8,345Amt

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