SKIP AND SUSAN GILLILAND FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- SKIP AND SUSAN GILLILAND FOUNDATION (EIN 20-2020387)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-09-01
- IRS object ID
- 202612449349100706
- Schema version
- 2025v4.0
- 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 | 2026-09-01T10:25:17-04:00 | ReturnTs |
| Tax Period End | 2025-12-31 | 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 | 2025-01-01 | 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 | 2026-09-01 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONALD A PADGETT | PreparerPersonNm |
| PTIN | P01290430 | PTIN |
| Phone | 9042491776 | PhoneNum |
| Preparation | 2026-09-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,326,879 | 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 | $74,975 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $8,431 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $8,431 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $8,431 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $12,360 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,360 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $12,360 | DividendsAdjNetIncmAmt |
| Net Rental Income Or Loss | -$3,907 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $53,082 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $327,089 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $24,754 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $24,754 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $24,754 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $173,602 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $45,545 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $45,545 | TotalAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $3,907 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,907 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $3,907 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $25,804 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $25,804 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $29,711 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $29,711 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,907 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $53,230 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $53,230 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $82,941 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $29,711 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,907 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $53,230 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $90,661 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,834 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $41,638 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,722 | CashBOYAmt |
| Cash EOY | $7,475 | CashEOYAmt |
| Cash EOYFMV | $7,475 | CashEOYFMVAmt |
| Other Investments BOY | $955,987 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,092,783 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,092,783 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $309,234 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $82,613 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $190,194 | LandBOYAmt |
| Land EOY | $226,621 | LandEOYAmt |
| Land EOYFMV | $226,621 | LandEOYFMVAmt |
| Total Assets BOY | $1,147,903 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,326,879 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,326,879 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,147,903 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,326,879 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,147,903 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,326,879 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,147,903 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,326,879 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,147,903 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $90,661 | ExcessRevenueOverExpensesAmt |
| Other Increases | $88,315 | OtherIncreasesAmt |
| Subtotal | $1,326,879 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,326,879 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $220 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $220 | SubtotalAmt |
| Tax Based On Investment Income | $220 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $350 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $350 | TotalPaymentsAndCreditsAmt |
| Overpayment | $130 | OverpaymentAmt |
| Applied To ES Tax | $130 | 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 | $1,020,801 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,599 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $208,408 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,233,808 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,233,808 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $18,507 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,215,301 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $60,765 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $60,765 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $220 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $220 | TotalTaxAmt |
| Distributable Before Adj | $60,545 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $60,545 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $60,545 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $53,230 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $53,230 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $60,545 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $41,940 | UndistributedIncomePYAmt |
| Qualifying Distributions | $53,230 | QualifyingDistributionsAmt |
| Applied To Year1 | $41,940 | AppliedToYear1Amt |
| Applied To Current Year | $11,290 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $49,255 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| DISCOVERY INSTITUTE | ||||||
| 208 COLUMBIA STREET | SEATTLE | WA | 98104 | NC | SCIENTIFIC AND TECH EDUCATION | $15,000 |
| AMERICAN ALLIANCE OF JEWS AND CHRIS | ||||||
| PO BOX 58 | MERCER ISLAND | WA | 98040 | NC | CHARITABLE ACTIVITIES | $10,000 |
| LEBANON UNITED METHODIST CHURCH | ||||||
| 237 IDOL STREET | HIGH POINT | NC | 27262 | NC | CHARITABLE ACTIVITIES | $8,000 |
| CORNWALL ALLIANCE | ||||||
| 875 W POPLAR AVENUE ST 23 | COLLIERVILLE | TN | 38017 | NC | STEWARDSHIP OF CREATION | $5,230 |
| CARY CHRISTIAN SCHOOL | ||||||
| 1330 OLD APEX ROAD | CARY | NC | 27513 | NC | ANNUAL BUILDING FUND | $5,000 |
| AMERICA'S FRONTLINE DOCTORS | ||||||
| 8805 TAMIAMI TRAIL NORTH | NAPLES | FL | 34108 | NC | CAMPAIGN FREE SPEECH | $7,000 |
| OTHER VARIOUS CHARITIES | ||||||
| VARIOUS | NEPTUNE BEACH | FL | 32266 | NC | VARIOUS COMMUNITY SUPPORT GROUPS | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $53,230 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,431 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,360 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$3,907 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $24,754 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $53,082 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $41,638 | ExclusionAmt |
| Related Or Exempt Function Incm | $53,082 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $94,720 | 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 | $74,975 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 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 | $76,121 | S/L | 39.0000 | $3,846 | $3,846 | $3,846 |
| ROOF - LAURO'S HOUSE | 2017-05-01 | $2,395 | $1,080 | S/L | 39.0000 | $61 | $61 | $61 |
| 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 | ||||||
| LAND IMPROVEMENTS-BRIDGE | 2025-10-01 | $35,000 | ||||||
| ROOF | 2025-12-31 | $4,150 | S/L | 27.5000 | ||||
| SEPTIC TANK - DUPLEX | 2025-12-31 | $1,184 | S/L | 15.0000 |
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 BANK | 2024-12 | PURCHASE | 2025-06 | $27,250 | $29,460 | -$2,210 |
| TRUIST BANK | 2023-12 | PURCHASE | 2025-06 | $299,839 | $244,547 | $55,292 |
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 | $1,092,683 | $1,092,683 |
| LIFECODEX | FMV | ||
| ORANGE COUNTY PROPERTYINCL IN PROP | FMV | $100 | $100 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Category Or ItemCategoryOrItemTxt |
|---|---|---|---|---|
| $159,234 | $82,613 | $76,621 | $76,621 | |
| $150,000 | $150,000 | $150,000 | LAND AND IMPROVEMENTS |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| INVESTMENT FEES | $6,355 | $6,355 |
| PROFESSIONAL FEES | $2,750 | $2,750 |
| MEETINGS / OFFICE / TRAVEL | $4,213 | $4,213 |
| RENTAL EXPENSES: | ||
| PROPERTY TAXES | $3,490 | $3,490 |
| UTILITIES | $467 | $467 |
| INSURANCE | $1,682 | $1,682 |
| REPAIRS AND MAINTENACE | $3,249 | $3,249 |
| LICENSE AND TAXES | $100 | $100 |
| LOSS (INCOME) LIFECODEX | $3,498 | $3,498 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENTAL INCOME | Desc |
| Revenue And Expenses Per Books | $24,754 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $24,754 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $24,754 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN FMV OF INVESTMENTS | Desc |
| Amt | $88,315 | Amt |
Comments