JOHN AND PATRICIA ADAMS FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
JOHN AND PATRICIA ADAMS FOUNDATION (EIN 20-4480039)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-04-04
IRS object ID
201400949349100305
Schema version
2013v3.1
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)
Return2014-04-04T10:01:06-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PSK LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13001 MEDLIN DR STE 100AddressLine1
CityARLINGTONCity
StateTXState
ZIP Code76015ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204480039EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JOHN AND PATRICIA ADAMSBusinessNameLine1
Business Name Line2FOUNDATIONBusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlJOHNBusinessNameControlTxt
Phone8175457281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12350 AIRPORT FREEWAY SUITE 160AddressLine1
CityBEDFORDCity
StateTXState
ZIP Code76022ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN ADAMSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8175457281PhoneNum
Signature2014-02-17SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY HOWLETTPreparerPersonNm
PTINP00943345PTIN
Phone8176643000PhoneNum
Preparation2014-02-18PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,084,601FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$500,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$28,908InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$28,908InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$28,908InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$148,809DividendsRevAndExpnssAmt
Dividends Net Invst Incm$148,809DividendsNetInvstIncmAmt
Dividends Adj Net Incm$148,809DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$322,886NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,125,839GrossSalesPriceAmt
Total Rev And Expnss$1,000,603TotalRevAndExpnssAmt
Total Net Invst Incm$177,717TotalNetInvstIncmAmt
Total Adj Net Incm$177,717TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$4,563OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,679OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$146OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$2,738OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$3,232TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,616TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,616TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$50,962OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$25,204OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$20,922OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$4,835OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$58,757TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$28,499TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$22,684TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,573TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$729,520ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$729,520ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$788,277TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$28,499TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$22,684TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$737,093TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$212,326ExcessRevenueOverExpensesAmt
Net Investment Income$149,218NetInvestmentIncomeAmt
Adjusted Net Income$155,033AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$153,285SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$150,274SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$150,274SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$7,386AcctRcvblAmt
Acct Rcvbl BOY$10,885AcctRcvblBOYAmt
Acct Rcvbl EOY$7,386AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$7,386AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$2,650PrepaidExpensesBOYAmt
Prepaid Expenses EOY$3,000PrepaidExpensesEOYAmt
Corporate Stock BOY$4,840,890CorporateStockBOYAmt
Corporate Stock EOY$5,058,447CorporateStockEOYAmt
Corporate Stock EOYFMV$5,926,941CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$27,475LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,585LandBldgEquipAccumDeprecAmt
Land BOY$15,722LandBOYAmt
Land EOY$13,890LandEOYAmt
Total Assets BOY$5,023,432TotalAssetsBOYAmt
Total Assets EOY$5,232,997TotalAssetsEOYAmt
Total Assets EOYFMV$6,084,601TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$5,023,432RetainedEarningBOYAmt
Retained Earning EOY$5,232,997RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,023,432TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,232,997TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,023,432TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,232,997TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,023,432TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$212,326ExcessRevenueOverExpensesAmt
Subtotal$5,235,758SubtotalAmt
Other Decreases$2,761OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$5,232,997TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$234,326AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$5,441,571NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.043062DistributionYr1Rt
Adjusted Qlfy Distri Yr2$286,715AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$5,555,192NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051612DistributionYr2Rt
Adjusted Qlfy Distri Yr3$546,581AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$5,336,490NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.102423DistributionYr3Rt
Adjusted Qlfy Distri Yr4$515,329AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$5,281,302NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.097576DistributionYr4Rt
Adjusted Qlfy Distri Yr5$503,570AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$6,345,457NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.079359DistributionYr5Rt
Total Distribution0.374032TotalDistributionRt
Average Distribution0.074806AverageDistributionRt
Net Vl Noncharitable Assets$5,744,889NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$429,752AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,492NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$431,244AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$737,093QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,492InvestmentIncomeExciseTaxAmt
Subtotal$1,492SubtotalAmt
Tax Based On Investment Income$1,492TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,082EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,082TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$1,590OverpaymentAmt
Applied To ES Tax$1,590AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWAYNE WARDIndividualWithBooksNm
Phone8175457281PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12350 AIRPORT FREEWAY SUITE 160AddressLine1
CityBEDFORDCity
StateTXState
ZIP Code76022ZIPCode
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 IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN ADAMS
2350 AIRPORT FREEWAY STE 222BEDFORDTX76022PRESIDENT5.00$0$0$0
PATRICIA ADAMS
2350 AIRPORT FREEWAY STE 222BEDFORDTX76022SECRETARY5.00$0$0$0
JOHN ADAMS JR
2350 AIRPORT FREEWAY STE 222BEDFORDTX76022FORMER VP5.00$0$0$0
LARY SNODGRASS
2350 AIRPORT FREEWAY STE 222BEDFORDTX76022TRUSTEE5.00$0$0$0
SAM P BURFORD JR
2350 AIRPORT FREEWAY STE 222BEDFORDTX76022TRUSTEE5.00$0$0$0
SHERRI ADAMS STEINFORD
509 MONTE CARLO DRIVESOUTHLAKETX76092TRUSTEE5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE JOHN AND PATRICIA ADAMS FOUNDATION, A TAX-EXEMPT FOUNDATION, WAS ORGANIZED AND OPERATES TO PROMOTE THE AVAILABILITY OF HIGHER EDUCATION BY PROVIDING FUNDS AND SUPERVISION OF CLASSROOM EXPANSION AT INSTITUTIONS OF HIGHER LEARNING.Description1Txt
Expenses1$737,093Expenses1Amt

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$5,683,950AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$148,425AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,832,375TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,832,375AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$87,486CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,744,889NetVlNoncharitableAssetsAmt
Minimum Investment Return$287,244MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$287,244MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,492TaxBasedOnInvestmentIncomeAmt
Total Tax$1,492TotalTaxAmt
Distributable Before Adj$285,752DistributableBeforeAdjAmt
Distributable Before Ded$285,752DistributableBeforeDedAmt
Distributable As Adjusted$285,752DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$737,093ExpensesAndContributionsAmt
Qualifying Distributions$737,093QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,492PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$735,601AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$285,752DistributableAsAdjustedAmt
Undistributed Income PY$22,930UndistributedIncomePYAmt
Qualifying Distributions$737,093QualifyingDistributionsAmt
Applied To Year1$22,930AppliedToYear1Amt
Applied To Current Year$285,752AppliedToCurrentYearAmt
Remaining Distri From Corpus$428,411RemainingDistriFromCorpusAmt
Total Corpus$428,411TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$428,411ExcessDistriCyovToNextYrAmt
Excess From Current Year$428,411ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Address Line2RecipientUSAddress/AddressLine2
HEIDELBERG COLLEGE
310 E MARKET STTIFFINOH44883NONE501(C)3PATRICIA ADAM LECTURE SERIES$74,000
NORTHWEST COLORADO VISIT
940 CENTRAL PARK DRSTEAMBOAT SPRINGSCO80487NONE501(C)3ROLLINGSTONE RESPITE HOUSE$10,000ING NURSE ASSOCIATION INCSTE 101
AUSTIN COLLEGE
900 NORTH GRAND AVENUESHERMANTX750904400NONE501(C)3SCIENCE CENTER/IDEA CENTER$120,520SUITE 6P
HEIDELBERG COLLEGE
310 E MARKET STTIFFINOH44883NONE501(C)3ADAMS FOUNFATION CHAIR$500,000
RANGER ACADEMIC ENRICHMENT FTD
PO BOX 179PERRYTONTX79070NONE501(C)3PATHWAY SCHOLARSHIP PROGRAM$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$729,520TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$28,908ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$148,809ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$322,886RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$177,717ExclusionAmt
Related Or Exempt Function Incm$322,886RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$500,603TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJOHN AND PATRICIA ADAMSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12350 AIRPORT FREEWAY STE 160AddressLine1
CityBEDFORDCity
StateTXState
ZIP Code76022ZIPCode
FieldValueIRS element (for citing)
Total Contributions$500,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail

FieldValueIRS element (for citing)
Amortized ExpensesORGANIZATION COSTSAmortizedExpensesDesc
Acquired Completed Or Expended2006-08-24AcquiredCompletedOrExpendedDt
Amortized$27,475AmortizedAmt
Deduction For Prior Years$11,753DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$1,832CurrentYearAmortizationAmt
Net Investment Income$1,703NetInvestmentIncomeAmt
Adjusted Net Income$128AdjustedNetIncomeAmt
Total Amortization$13,585TotalAmortizationAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (6 entries)

JOHN ADAMS
PATRICIA ADAMS
JOHN ADAMS JR
LARY SNODGRASS
SAM P BURFORD JR
SHERRI ADAMS STEINFORD

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetINVESTMENT SALES - M LYNCHAssetDesc
Acquired2008-01AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2013-12SoldDt
Gross Sales Price$3,125,839GrossSalesPriceAmt
Basis$2,802,953BasisAmt
Total Net$322,886TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMUTUAL FUNDS - MERRILL LYNCHStockNm
EOY Book Value$5,058,447EOYBookValueAmt
EOYFMV$5,926,941EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemACCUMULATED DEPRECIATIONCategoryOrItemTxt
Cost Or Other Basis$27,475CostOrOtherBasisAmt
Accumulated Depreciation$13,585AccumulatedDepreciationAmt
Book Value$13,890BookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescriptionTAX EXPENSEDescription
Amount$2,761Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
INVESTMENT MANAGEMENT FEES$41,072$20,536$20,536
OFFICE EXPENSES$8,058$2,965$258$4,835

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNTING$1,500$552$48$900
CONSULTING$3,063$1,127$98$1,838

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$3,232Amt
Net Investment Income$1,616NetInvestmentIncomeAmt
Adjusted Net Income$1,616AdjustedNetIncomeAmt

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