WEBSTER EDUCATIONAL FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
WEBSTER EDUCATIONAL FOUNDATION (EIN 46-5374393)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-09
IRS object ID
201931299349102003
Schema version
2018v3.1
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)
Return2019-05-09T15:24:53-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJ GARVEY JACKSON PC CPAPreparerPersonNm
PTINP00049845PTIN
Phone9363273166PhoneNum
Preparation2019-05-03PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-09IPDt
IP Tm15:24:53IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD66BD3CC8366E3365D854C2F224190509AC2AA47AtSubmissionCreationDeviceId
At Submission Filing Device Id3B1D31E76CD1C70699A781690D44F456F7344810AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$13,693,419FMVAssetsEOYAmt
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$5,589InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,589InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$120,715DividendsRevAndExpnssAmt
Dividends Net Invst Incm$120,715DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$67,155GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$67,155GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$67,155NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$15,482NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$810,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,482CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$739,095OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$739,095OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$948,036TotalRevAndExpnssAmt
Total Net Invst Incm$948,036TotalNetInvstIncmAmt
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$9,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$4,500AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$6,539OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$6,539OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$36,857TaxesRevAndExpnssAmt
Taxes Net Invst Incm$27,810TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$916OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$458OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$458OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$86,312TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$55,807TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,458TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$512,014ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$512,014ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$598,326TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$55,807TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$533,472TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$349,710ExcessRevenueOverExpensesAmt
Net Investment Income$892,229NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$781,414SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$806,218SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$806,218SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$6,075,555USGovernmentObligationsBOYAmt
US Government Obligations EOY$6,395,382USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$6,226,560USGovtObligationsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,290,250LandBldgEquipCostOrOtherBssAmt
Land BOY$4,290,250LandBOYAmt
Land EOY$4,290,250LandEOYAmt
Land EOYFMV$6,614,608LandEOYFMVAmt
Other Assets BOY$41,080OtherAssetsBOYAmt
Other Assets EOY$46,033OtherAssetsEOYAmt
Other Assets EOYFMV$46,033OtherAssetsEOYFMVAmt
Total Assets BOY$11,188,299TotalAssetsBOYAmt
Total Assets EOY$11,537,883TotalAssetsEOYAmt
Total Assets EOYFMV$13,693,419TotalAssetsEOYFMVAmt
Grants Payable BOY$251,557GrantsPayableBOYAmt
Grants Payable EOY$373,315GrantsPayableEOYAmt
Other Liabilities BOY$126OtherLiabilitiesBOYAmt
Total Liabilities BOY$251,683TotalLiabilitiesBOYAmt
Total Liabilities EOY$373,315TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$9,131,396CapitalStockBOYAmt
Capital Stock EOY$9,131,396CapitalStockEOYAmt
Retained Earning BOY$1,805,220RetainedEarningBOYAmt
Retained Earning EOY$2,033,172RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,936,616TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,164,568TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,188,299TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,537,883TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,936,616TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$349,710ExcessRevenueOverExpensesAmt
Subtotal$11,286,326SubtotalAmt
Other Decreases$121,758OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$11,164,568TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
FNMA 3135G0WJ8P2014-12-312018-05-31$350,000$344,288$5,712$5,712
FNMA 3135G0XK4P2014-12-312018-05-31$460,000$450,230$9,770$9,770
FieldValueIRS element (for citing)
Capital Gain Net Income$15,482CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$493,601AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$12,211,448NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.040421DistributionYr1Rt
Adjusted Qlfy Distri Yr2$536,334AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$12,064,716NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.044455DistributionYr2Rt
Adjusted Qlfy Distri Yr3$474,902AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$11,539,239NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.041155DistributionYr3Rt
Adjusted Qlfy Distri Yr4$451AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$776,134NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.000581DistributionYr4Rt
Total Distribution0.126612TotalDistributionRt
Average Distribution0.031653AverageDistributionRt
Net Vl Noncharitable Assets$13,283,041NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$420,448AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$8,922NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$429,370AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$533,472QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$8,922InvestmentIncomeExciseTaxAmt
Subtotal$8,922SubtotalAmt
Tax Based On Investment Income$8,922TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$14,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$14,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$125EsPenaltyAmt
Overpayment$4,953OverpaymentAmt
Applied To ES Tax$4,953AppliedToESTaxAmt

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/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$6,051,114AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$776,940AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,657,267FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,485,321TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$13,485,321AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$202,280CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,283,041NetVlNoncharitableAssetsAmt
Minimum Investment Return$664,152MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$664,152MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,922TaxBasedOnInvestmentIncomeAmt
Total Tax$8,922TotalTaxAmt
Distributable Before Adj$655,230DistributableBeforeAdjAmt
Distributable Before Ded$655,230DistributableBeforeDedAmt
Distributable As Adjusted$655,230DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$533,472ExpensesAndContributionsAmt
Qualifying Distributions$533,472QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$8,922PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$524,550AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$655,230DistributableAsAdjustedAmt
Undistributed Income PY$251,557UndistributedIncomePYAmt
Qualifying Distributions$533,472QualifyingDistributionsAmt
Applied To Year1$251,557AppliedToYear1Amt
Applied To Current Year$281,915AppliedToCurrentYearAmt
Undistributed Income CY$373,315UndistributedIncomeCYAmt

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$48,160
CORRIGANCAMDEN ISD
HWY 287 WCORRIGANTX75939NONEPUBLICSCHOLARSHIPS$139,802
GOODRICH ISD
PO BOX 789GOODRICHTX77351NONEPUBLICSCHOLARSHIPS$21,916
LEGGETT ISD
PO BOX 69LEGGETTTX77350NONEPUBLICSCHOLARSHIPS$21,500
LIVINGSTON ISD
907 W CHURCH STLIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$205,000
ONALASKA ISD
PO BOX 2289ONALASKATX77360NONEPUBLICSCHOLARSHIPS$43,500
JENNIFER MARIA MILLER
105 B J ALBRITTON DRJACKONVILLETX75766NONEINDIVIDUALSCHOLARSHIP$997
BOYS & GIRLS CLUB OF POLK COUNTY
1035 LIBERTY AVELIVINGSTONTX77351NONEPUBLICSCHOLARSHIPS$10,000
CORRIGAN AREA HERITAGE CENTER
PO BOX 388CORRIGANTX75939NONEPUBLICGENERAL OPERATIONS$10,000
ALEXANDRA GUZMAN
797 NORTH PRINCESS DRCORRIGANTX75939NONEINDIVIDUALSCHOLARSHIP$3,000
RTRAVIA WYATT
PO BOX 1617LIVINGSTONTX77351NONEINDIVIDUALSCHOLARSHIP$3,306
EARL D HOWELL
105 N PINE STREETCORRIGANTX75939NONEINDIVIDUALSCHOLARSHIP$1,000
IMELDA FELIPE
PO BOX 37CORRIGANTX75939NONEINDIVIDUALSCHOLARSHIP$2,500
SHATONYA QUALLS
600 S HOME ST APT 67CORRIGANTX75939NONEINDIVIDUALSCHOLARSHIP$1,333
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$512,014TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,589ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$120,715ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$67,155ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$15,482ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
HUNTING LEASE INCOME16$26,875
OIL & GAS ROYALTIES16$712,220

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$948,036ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$948,036TotalIncomeProducingActyAmt

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$9,000Amt
Net Investment Income$4,500NetInvestmentIncomeAmt
Disbursements Charitable Prps$4,500DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$6,395,382USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$6,226,560USGovtObligationsEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemLANDCategoryOrItemTxt
Cost Or Other Basis$4,290,250CostOrOtherBasisAmt
Book Value$4,290,250BookValueAmt
EOYFMV$6,614,608EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmtBOY Book ValueBOYBookValueAmt
PREPAID INCOME TAX$4,953$4,953
ROYALTY INTERESTS$41,080$41,080$41,080

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN GRANTS PAYABLEDesc
Amt$121,758Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
INSURANCE EXPENSE$874$437$437
OFFICE EXPENSE$22$11$11
POSTAGE$20$10$10

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
HUNTING LEASE INCOME$26,875$26,875
OIL & GAS ROYALTIES$712,220$712,220

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCISE TAX PAYABLEDesc
BOY Book Value$126BOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryFORESTRY MANAGEMENTCategoryTxt
Amt$6,539Amt
Net Investment Income$6,539NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
PROPERTY TAXES$27,810$27,810
EXCISE TAX$9,047

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