BETA

WHITEHEAD-HINKLE TR: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
WHITEHEAD-HINKLE TR (EIN 46-6147066)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-13
IRS object ID
202543179349103184
Schema version
2024v5.2
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)
Return2025-11-13T15:22:35-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN310962125PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WHITED SEIGNEUR SAMS & RAHE CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1213 SOUTH PAINT STREETAddressLine1Txt
CityCHILLICOTHECityNm
State AbbreviationOHStateAbbreviationCd
ZIP456013828ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN466147066EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE WHITEHEAD-HINKLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWHITBusinessNameControlTxt
Phone7407746152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114 S PAINT ST FOULKE BLOCK 2AddressLine1Txt
CityCHILLICOTHECityNm
State AbbreviationOHStateAbbreviationCd
ZIP45601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT HESSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7407746152PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDONALD R SEIGNEURPreparerPersonNm
PTINP00283160PTIN
Phone7407022600PhoneNum
Preparation2025-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,033,159FMVAssetsEOYAmt
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$1,481InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,481InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$53,382DividendsRevAndExpnssAmt
Dividends Net Invst Incm$53,382DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$186,444GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$186,444GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$126,436NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$8,471NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,471GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,471CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$7OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$249,785TotalRevAndExpnssAmt
Total Net Invst Incm$249,778TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$25,270CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$12,635CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$6,145AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,073AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$41,335TaxesRevAndExpnssAmt
Taxes Net Invst Incm$33,978TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$4,460DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$4,407DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$31,302OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$21,570OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$108,512TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$59,955TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$15,708TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$187,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$187,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$295,512TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$59,955TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$202,708TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$45,727ExcessRevenueOverExpensesAmt
Net Investment Income$189,823NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$72,064SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$29,630SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$29,630SavAndTempCashInvstEOYFMVAmt
Invst Land Cost Or Other Basis$6,540,395InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$41,941InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$6,493,313LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$6,498,454LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$6,498,454LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$1,415,556OtherInvestmentsBOYAmt
Other Investments EOY$1,467,564OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,505,075OtherInvestmentsEOYFMVAmt
Total Assets BOY$7,980,933TotalAssetsBOYAmt
Total Assets EOY$7,995,648TotalAssetsEOYAmt
Total Assets EOYFMV$8,033,159TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$7,980,933RetainedEarningBOYAmt
Retained Earning EOY$7,995,648RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,980,933TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,995,648TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,980,933TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,995,648TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,980,933TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$45,727ExcessRevenueOverExpensesAmt
Other Increases$60,442OtherIncreasesAmt
Subtotal$7,995,648SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$7,995,648TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCAPITAL GAINS DIVIDENDSPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$8,471GrossSalesPriceAmt
Gain Or Loss$8,471GainOrLossAmt
Gains Minus Excess Or Losses$8,471GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,471CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,639InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$2,639SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$2,639TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,600EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$3,600TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$57EsPenaltyAmt
Overpayment$904OverpaymentAmt
Applied To ES Tax$904AppliedToESTaxAmt
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 Satisfied0Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
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 BooksROBERT C HESSIndividualWithBooksNm
Phone7407746152PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line114 S PAINT ST FOULKE BLOCKAddressLine1Txt
CityCHILLICOTHECityNm
State AbbreviationOHStateAbbreviationCd
ZIP45601ZIPCd
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

FieldValueIRS element (for citing)
PersonROBERT C HESSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line114 S PAINT ST FOLKE BLOCKAddressLine1Txt
CityCHILLICOTHECityNm
State AbbreviationOHStateAbbreviationCd
ZIP45601ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos2.00AverageHrsPerWkDevotedToPosRt
Compensation$25,270CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$1,479,355AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,846AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,846,290FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,376,491TotalFMVOfUnusedAssetsAmt
Reduction Claimed$4,197,990ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$4,376,491AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$65,647CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,310,844NetVlNoncharitableAssetsAmt
Minimum Investment Return$215,542MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$215,542MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,639TaxBasedOnInvestmentIncomeAmt
Total Tax$2,639TotalTaxAmt
Distributable Before Adj$212,903DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$212,903DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$212,903DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$202,708ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$202,708QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$212,903DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$2,092ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,092TotalExcessDistributionCyovAmt
Qualifying Distributions$202,708QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$202,708AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$2,092ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,092ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$8,103UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1TEAYS VALLEY EDUCATIONAL FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12006 KENNY RDAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP432213502ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusFOUNDATIONRecipientFoundationStatusTxt
Grant Or Contribution PurposeDONATIONGrantOrContributionPurposeTxt
Amt$187,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$187,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,481ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$53,382ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$126,436ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$8,471ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescMISC REVVENUEDesc
Related Or Exempt Function Incm$7RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$189,770ExclusionAmt
Related Or Exempt Function Incm$7RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$189,777TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number8LineNumberTxt
Relationship StatementTHE SECURITIES PROVIDE FOR CASH NEEDED TO OPERATE THE ORGANIZATIONRelationshipStatementTxt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$6,145Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,073DisbursementsCharitablePrpsAmt

Applied To Prior Year Election AppliedToPriorYearElection

FieldValueIRS element (for citing)
ElectionI, ROBERT C. HESS, AS THE TRUSTEE AND THE FOUNDATION MANAGER MAKE THE ELECTION UNDER REGULATIONS SECTION 53.1942(A)-3(D)(2) TO APPLY THE REMAINING QUALIFYING DISTRIBUTIONS TO THE UNDISTRIBUTED INCOME OF YEARS PRIOR TO 2015. THESE DISTRIBUTIONS ARE MADE OUT OF THE UNDISTRIBUTED INCOME OF THE PRIOR YEARS - 2012 AMOUNT IS $116,522 AND THE 2013 AMOUNT IS $32,389 FOR A TOTAL OF $148,911.ElectionDesc

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (18 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
ROOF2014-03-28$9,200$2,311SL39.000000000000$236$236
REWIRING - 4429 SR 7522014-08-01$5,000$1,200SL39.000000000000$128$128
CONCRETE - 4429 SR 7522014-11-17$1,759$411SL39.000000000000$45$45
4429 SR 752 WORK2014-10-03$6,651$1,575SL39.000000000000$171$171
L/H IMPROVEMENTS - 4429 SR 7522014-10-30$19,379$4,577SL39.000000000000$497$497
WINDOWS - 4429 SR 7522014-08-01$12,730$3,056SL39.000000000000$326$326
FURNACE - 4429 SR 7522014-10-30$9,020$2,127SL39.000000000000$231$231
DOORS - 4429 SR 7522014-04-07$5,070$1,262SL39.000000000000$130$130
2015 REMODELING2015-07-09$79,786$17,306SL39.000000000000$2,046$2,046
HOT WATER TANK2015-03-13$864$864SL7.000000000000$0$0
FURNACE2016-12-12$3,900$704SL39.000000000000$100$100
LAND - SR 752 179.3 ACRES2014-03-28$1,903,000L$0$0
LAND - COMMERCIAL POINT - 237.9 ACRES2014-03-28$1,712,880L$0$0
LAND - CHAPEL PIKE - 229 ACRES2014-03-28$1,728,800L$0$0
LAND 379 SR 752 - 132.489 ACRES2014-03-28$1,023,755L$0$0
ELECTRICAL WORK2024-08-01$9,600SL15.000000000000$320$267
ELECTRIC - 4429 SR 7522014-11-20$3,644$849SL39.000000000000$93$93
PLUMBING - 4429 SR 7522014-12-03$5,356$1,239SL39.000000000000$137$137

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
ROOF$9,200$2,547$6,653
REWIRING - 4429 SR 752$5,000$1,328$3,672
CONCRETE - 4429 SR 752$1,759$456$1,303

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
VARIOUS INVESTMENTSFMV$1,266,579$1,305,075
VANGUARD TRSY MMKT INVSFMV$200,985$200,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISC.$10$0$0
BROKERAGE FEES$9,522$0$0
STATE FILING FEES$200$0$0
INSURANCE$4,139$4,139$0
REPAIRS/MAINT$16,055$16,055$0
INSURANCE$1,376$1,376$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMISC REVVENUEDesc
Revenue And Expenses Per Books$7RevenueAndExpensesPerBooksAmt
Adjusted Net Income$7AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCUMULATIVE BOOK VALUE TO FMV ADJUSTMENTDesc
Amt$60,442Amt

Reduction Explanation Statement ReductionExplanationStatement

FieldValueIRS element (for citing)
Short ExplanationTHE TRUST OWNS FARMLAND WITH AN APPRAISED VALUE OF $6,503,950, BUT WITH AN AGRICULTURAL USE VALUE OF $2,305,960. THE TRUSTEE IS DIRECTED BY THE TRUST AGREEMENT TO MAINTAIN THE LAND FOR FARM USE. AS A RESULT OF THIS RESTRICTION, THE LAND IS CASH RENTED AND CAN ONLY BE SOLD AS A LAST MEASURE. THIS RESTRICTION LIMITS THE VALUE OF THIS NON-CHARITABLE USE ASSET TO THE VALUE OF IT'S RESTRICTED USAGE, WHICH IS IT'S AGRICULTURAL USE VALUE. A REDUCTION IN LAND VALUE OF $4,197,990 IS BEING TAKEN WHICH IS THE DIFFERENCE BETWEEN THE APPRAISED LAND VALUE OF $6,503,950 AND THE CERTIFIED AGRICULTURAL USE VALUE (CAUV) AT THE TIME OF THE APPRAISAL OF $2,305,960. TOTAL TRUST REAL ESTATE VALUE = $7,044,280 (LAND AND BUILDINGS) LESS REDUCTION OF $4,197,990 NETS TO $2,846,290 REPORTED. (990 - PAGE 8, PART IX, LINE 1E)ShortExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL INCOME TAX$7,357$0$0
REAL ESTATE TAXES$23,565$23,565$0
REAL ESTATE TAXES$10,413$10,413$0

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.