SKIP AND SUSAN GILLILAND FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SKIP AND SUSAN GILLILAND FOUNDATION (EIN 20-2020387)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-03
- IRS object ID
- 202543079349100719
- Schema version
- 2024v5.0
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-03T09:46:46-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 593744758 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PADGETT AND DAVIS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 447 ATLANTIC BLVD STE 5 | AddressLine1Txt |
| City | ATLANTIC BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202020387 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SKIP & SUSAN GILLILAND FTN | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SKIP | BusinessNameControlTxt |
| Phone | 3362402242 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 COUNTRY CLUB LANE | AddressLine1Txt |
| City | ATLANTIC BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32233 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GEORGE F GILLILAND | PersonNm |
| Person Title | PRES, TREA, DIRECTOR | PersonTitleTxt |
| Phone | 3362402242 | PhoneNum |
| Signature | 2025-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONALD A PADGETT | PreparerPersonNm |
| PTIN | P01290430 | PTIN |
| Phone | 9042491776 | PhoneNum |
| Preparation | 2025-11-03 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,147,903 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $25,015 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $6,774 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $6,774 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $6,774 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $12,498 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,498 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $12,498 | DividendsAdjNetIncmAmt |
| Net Rental Income Or Loss | -$3,908 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $4,960 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $207,310 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $21,140 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $21,140 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $21,140 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $70,387 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $40,412 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $40,412 | TotalAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $3,908 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,908 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $3,908 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $29,995 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $29,995 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $33,903 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $33,903 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,908 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $61,685 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $61,685 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $95,588 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $33,903 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,908 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $61,685 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$25,201 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,509 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $36,504 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $11,921 | CashBOYAmt |
| Cash EOY | $1,722 | CashEOYAmt |
| Cash EOYFMV | $1,722 | CashEOYFMVAmt |
| Other Investments BOY | $835,547 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $955,987 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $955,987 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $268,900 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $78,706 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $194,102 | LandBOYAmt |
| Land EOY | $190,194 | LandEOYAmt |
| Land EOYFMV | $190,194 | LandEOYFMVAmt |
| Total Assets BOY | $1,041,570 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,147,903 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,147,903 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,041,570 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,147,903 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,041,570 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,147,903 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,041,570 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,147,903 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,041,570 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$25,201 | ExcessRevenueOverExpensesAmt |
| Other Increases | $131,534 | OtherIncreasesAmt |
| Subtotal | $1,147,903 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,147,903 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $90 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $90 | SubtotalAmt |
| Tax Based On Investment Income | $90 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,637 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,637 | TotalPaymentsAndCreditsAmt |
| Overpayment | $1,547 | OverpaymentAmt |
| Applied To ES Tax | $1,547 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GEORGE F GILLILAND | IndividualWithBooksNm |
| Phone | 3362402242 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 COUNTRY CLUB LANE | AddressLine1Txt |
| City | ATLANTIC BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GEORGE F GILLILAND | ||||||||
| 330 COUNTRY CLUB LANE | ATLANTIC BEACH | FL | 32233 | PRES, TREA, | 0.50 | $0 | $0 | $0 |
| SUSAN F GILLILAND | ||||||||
| 330 COUNTRY CLUB LANE | ATLANTIC BEACH | FL | 32233 | SECRETARY, D | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $895,767 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,822 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $192,148 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,094,737 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,094,737 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $16,421 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,078,316 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $53,916 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $53,916 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $90 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $90 | TotalTaxAmt |
| Distributable Before Adj | $53,826 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $53,826 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $53,826 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $61,685 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $61,685 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $53,826 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $49,799 | UndistributedIncomePYAmt |
| Qualifying Distributions | $61,685 | QualifyingDistributionsAmt |
| Applied To Year1 | $49,799 | AppliedToYear1Amt |
| Applied To Current Year | $11,886 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $41,940 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| DISCOVERY INSTITUTE | |||||
| 208 COLUMBIA STREET | SEATTLE | WA | 98104 | SCIENTIFIC AND TECH EDUCATION | $19,000 |
| AMERICAN ALLIANCE OF JEWS AND CHRIS | |||||
| PO BOX 58 | MERCER ISLAND | WA | 98040 | CHARITABLE ACTIVITIES | $12,500 |
| LEBANON UNITED METHODIST CHURCH | |||||
| 237 IDOL STREET | HIGH POINT | NC | 27262 | CHARITABLE ACTIVITIES | $5,000 |
| CORNWALL ALLIANCE | |||||
| 875 W POPLAR AVENUE ST 23 | COLLIERVILLE | TN | 38017 | STEWARDSHIP OF CREATION | $5,000 |
| CARY CHRISTIAN SCHOOL | |||||
| 1330 OLD APEX ROAD | CARY | NC | 27513 | ANNUAL BUILDING FUND | $2,500 |
| AMERICA'S FRONTLINE DOCTORS | |||||
| 8805 TAMIAMI TRAIL NORTH | NAPLES | FL | 34108 | CAMPAIGN FREE SPEECH | $2,600 |
| HILLSDALE COLLEGE | |||||
| 33 EAST COLLEGE STREET | HILLSDALE | MI | 49242 | LEARNING MISSION | $2,200 |
| SAMARITIAN'S PURSE | |||||
| PO BOX 3000 | BOONE | NC | 28607 | AID TO PEOPLE IN PHYSICAL NEED | $2,000 |
| OTHER VARIOUS CHARITIES | |||||
| VARIOUS | NEPTUNE BEACH | FL | 32266 | VARIOUS COMMUNITY SUPPORT GROUPS | $10,885 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $61,685 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,774 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,498 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$3,908 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $21,140 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $4,960 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $36,504 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,960 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $41,464 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | GEORGE F GILLILAND | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 COUNTRY CLUB LANE | AddressLine1Txt |
| City | ATLANTIC BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $25,015 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| LAND | 2005-03-11 | $100,000 | ||||||
| BUILDING | 2005-03-11 | $150,000 | $72,275 | S/L | 39.0000 | $3,846 | $3,846 | $3,846 |
| ROOF - LAURO'S HOUSE | 2017-05-01 | $2,395 | $1,018 | S/L | 39.0000 | $62 | $62 | $62 |
| GAS TANK - JUSTIN | 2007-03-01 | $479 | $479 | 200DB | 5.0000 | |||
| WINDOWS - 5109 | 2012-06-01 | $1,026 | $1,026 | 200DB | 7.0000 | |||
| LAND IMPROVMENT | 2018-04-02 | $15,000 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| TRUIST ACCT 1546 | 2023-12 | PURCHASE | 2024-12 | $9,063 | $5,738 | $3,325 |
| TRUIST ACCT 1546 | 2024-12 | PURCHASE | 2024-12 | $198,247 | $196,612 | $1,635 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BB&T ACCOUNT 1546 | FMV | $948,358 | $948,358 |
| LIFECODEX | FMV | $3,498 | $3,498 |
| ORANGE COUNTY PROPERTY | FMV | $4,131 | $4,131 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| $153,900 | $78,706 | $75,194 | $75,194 |
| $115,000 | $115,000 | $115,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| INVESTMENT FEES | $5,834 | $5,834 |
| PROFESSIONAL FEES | $2,500 | $2,500 |
| MEETINGS / OFFICE | $1,289 | $1,289 |
| RENTAL EXPENSES: | ||
| PROPERTY TAXES | $2,590 | $2,590 |
| UTILITIES | $440 | $440 |
| INSURANCE | $1,552 | $1,552 |
| REPAIRS AND MAINTENACE | $12,328 | $12,328 |
| LICENSE AND TAXES | $100 | $100 |
| LOSS (INCOME) LIFECODEX | $3,362 | $3,362 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENTAL INCOME | Desc |
| Revenue And Expenses Per Books | $21,140 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $21,140 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $21,140 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN FMV OF INVESTMENTS | Desc |
| Amt | $131,534 | Amt |
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