WAYMARK FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: WAYMARK FOUNDATION (EIN 47-7150256)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-14
IRS object ID: 202203189349107275
Schema version: 2021v4.2
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
Form 990-PF
Depreciation Schedule
Investments Land Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-14T20:55:37-06:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3333 New Hyde Park Rd Ste 406	AddressLine1Txt
City	New Hyde Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	477150256	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Waymark Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% Foundation Source	InCareOfNm
Business Name Control	WAYM	BusinessNameControlTxt
Phone	8008391754	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Charles Royal	PersonNm
Person Title	Secretary	PersonTitleTxt
Phone	8008391754	PhoneNum
Signature	2022-11-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Charles	PersonFirstNm
Person Last	Royal	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Additional Filer Information AdditionalFilerInformation

Field	Value	IRS element (for citing)
Trusted Customer		TrustedCustomerGrp

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$80,435,793	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	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$5,187	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$5,187	InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$8,459	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$38,000	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$246,009	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$246,009	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$242,737	TotalRevAndExpnssAmt
Total Net Invst Incm	$251,196	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss	$35,327	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$35,327	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss	$603,374	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$603,374	OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss	$10,320	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$10,320	TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss	$789	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Adj Net Incm	$0	DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss	$199,555	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$88,218	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$109,908	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$849,365	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$737,239	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$109,908	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$849,365	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$737,239	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$109,908	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$606,628	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$15,803,781	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$14,875,400	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$14,875,400	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY	$15,110	AcctRcvblBOYAmt
Invst Land Cost Or Other Basis	$91,920,775	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$8,831	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$91,667,100	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$91,911,944	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$65,547,575	LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$3,944	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,156	LandBldgEquipAccumDeprecAmt
Land BOY	$1,577	LandBOYAmt
Land EOY	$788	LandEOYAmt
Land EOYFMV	$788	LandEOYFMVAmt
Other Assets BOY	$13,459	OtherAssetsBOYAmt
Other Assets EOY	$12,030	OtherAssetsEOYAmt
Other Assets EOYFMV	$12,030	OtherAssetsEOYFMVAmt
Total Assets BOY	$107,501,027	TotalAssetsBOYAmt
Total Assets EOY	$106,800,162	TotalAssetsEOYAmt
Total Assets EOYFMV	$80,435,793	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$94,238	OtherLiabilitiesBOYAmt
Total Liabilities BOY	$94,238	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$107,406,790	RetainedEarningBOYAmt
Retained Earning EOY	$106,800,162	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$107,406,790	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$106,800,162	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$107,501,028	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$106,800,162	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$107,406,790	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$606,628	ExcessRevenueOverExpensesAmt
Subtotal	$106,800,162	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$106,800,162	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	PID 061.0 - LAND - 3.950 ACRES - AVON PARK - 301 E CORNELL ST - BMG	PropertyDesc
How Acquired	P	HowAcquiredCd
Acquired	2011-03-06	AcquiredDt
Sold	2021-03-26	SoldDt
Gross Sales Price	$38,000	GrossSalesPriceAmt
Cost Or Other Basis	$46,055	CostOrOtherBasisAmt
Gain Or Loss	-$8,055	GainOrLossAmt
Gains Minus Excess Or Losses	-$8,055	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$8,055	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Subtotal	$0	SubtotalAmt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$10,000	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$10,000	TotalPaymentsAndCreditsAmt
Overpayment	$10,000	OverpaymentAmt
Applied To ES Tax	$10,000	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
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Org Report Or Register State	SC	OrgReportOrRegisterStateCd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8008391754	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	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	Yes (true)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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 (3 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
Charles D Royal
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Sec, Treas, Trustee	38.0	$0	$0	$0
Michael F Royal
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Chair, Trustee	2.0	$0	$0	$0
Susannah R Whelan
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Trustee, Vice Chairman	2.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Pareto Asset Management
1941 Savage Rd Ste 100A PMB 615	CHARLESTON	SC	29407	Investment Mgmt	$452,688
Foundation Source
55 Walls Drive 3rd Fl	Fairfield	CT	06824	Administrative	$109,908
Dunaway Associates LP
550 Baily Ave Ste 400	FORT WORTH	TX	76107	Consulting Services	$84,984
Sabine & Waters Inc
311 N Magnolia St	Summerville	SC	29483	Forestry Services	$62,485
Bank of America Private Bank
PO Box 15284	WILMINGTON	DE	19850	Investment Mgmt	$59,666

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$15,485,483	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$65,520,424	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$81,005,907	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$81,005,907	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,215,089	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$79,790,818	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,989,541	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,989,541	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Total Tax	$0	TotalTaxAmt
Distributable Before Adj	$3,989,541	DistributableBeforeAdjAmt
Distributable Before Ded	$3,989,541	DistributableBeforeDedAmt
Distributable As Adjusted	$3,989,541	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$109,908	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$109,908	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,989,541	DistributableAsAdjustedAmt
Prior Year1	2019	PriorYear1Yr
Prior Year2	2018	PriorYear2Yr
Prior Year3	2017	PriorYear3Yr
Excess Distribution Cyov Yr5	$3,540,442	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$1,306,904	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$478,739	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$575,768	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$5,901,853	TotalExcessDistributionCyovAmt
Qualifying Distributions	$109,908	QualifyingDistributionsAmt
Applied To Current Year	$109,908	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$3,879,633	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$3,879,633	ExcessDistributionCyovAppCYAmt
Total Corpus	$2,022,220	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$2,022,220	ExcessDistriCyovToNextYrAmt
Excess From Year4	$967,713	ExcessFromYear4Amt
Excess From Year3	$478,739	ExcessFromYear3Amt
Excess From Year2	$575,768	ExcessFromYear2Amt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$5,187	ExclusionAmt

Field	Value	IRS element (for citing)
Dividends And Interest From Sec Dtl		DividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$8,459	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (4 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
CLASS ACTION LAWSUIT PROCEEDS	01	$8
HUNTING LEASE INCOME	01	$30,722
EARNEST MONEY FORFEITURE	01	$94,238
TIMBER INCOME	01	$121,041

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$242,737	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$242,737	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

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (68 entries)

PropertyPropertyDesc	Cost Or Other BasisCostOrOtherBasisAmt	Computation MethodComputationMethodTxt	Adjusted Net IncomeAdjustedNetIncomeAmt	Prior Year DepreciationPriorYearDepreciationAmt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	AcquiredAcquiredDt
PID 001.0 - LAND -	$5,576,992	L	$0
PID 002.0 - LAND -	$372,300	L	$0
PID 004.0 - LAND -	$1,442,549	L	$0
PID 005.0 - LAND -	$282,962	L	$0
PID 006.0 - LAND -	$59,000	L	$0
PID 007.0 - MOBILE	$2,480		$0	$0
PID 008.0 - LAND -	$489,519	L	$0
PID 009.0 - LAND -	$55,140	L	$0
PID 017.0 - LAND -	$83,979	L	$0
PID 018.0 - LAND -	$206,460	L	$0
PID 018.5 - LAND -	$403,480	L	$0
PID 019.0 - LAND -	$1,384,278	L	$0
PID 020.0 - LAND -	$684,108	L	$0
PID 021.0 - LAND -	$841,106	L	$0
PID 022.0 - LAND -	$69,712	L	$0
PID 023.0 - LAND -	$20,458	L	$0
PID 024.0 - LAND -	$20,200	L	$0
PID 028.0 - LAND -	$769,249	L	$0
PID 032.0 - LAND -	$601,631	L	$0
PID 033.0 - LAND -	$691,631	L	$0
PID 034.0 - LAND -	$124,500	L	$0
PID 034.1 - BUILDI	$290,500		$0	$0
PID 035.0 - LAND -	$123,000	L	$0
PID 035.1 - BUILDI	$287,000		$0	$0
PID 039.0 - LAND -	$3,668,004	L	$0
PID 040.0 - LAND -	$800,831	L	$0
PID 055.0 - LAND -	$961,081	L	$0
PID 056.0 - LAND -	$54,000	L	$0
PID 057.0 - LAND -	$3,483,074	L	$0
PID 059.0 - LAND -	$2,124,026	L	$0
PID 065.0 - LAND -	$121,754	L	$0
PID 066.0 - LAND -	$779,097	L	$0
PID 067.0 - LAND -	$76,046	L	$0
PID 068.0 - LAND -	$86,020	L	$0
PID 069.0 - LAND -	$28,000	L	$0
PID 070.0 - LAND -	$35,577,639	L	$0
PID 070.1 - LAND -	$957,875	L	$0
PID 070.2 - LAND -	$436,175	L	$0
PID 071.0 - LAND -	$6,593,806	L	$0
PID 072.0 - LAND -	$3,737,600	L	$0
PID 073.0 - LAND -	$12,518,761	L	$0
PID 090.0 - LAND -	$805,741	L	$0
PID 091.0 - LAND -	$470,800	L	$0
PID 092.0 - LAND -	$470,800	L	$0
PID 093.0 - LAND -	$552,077	L	$0
PID 094.0 - LAND -	$520,052	L	$0
PID 095.0 - LAND -	$584,562	L	$0
PID 096.0 - LAND -	$584,562	L	$0
PID 098.0 - LAND -	$26,000	L	$0
PID 099.0 - LAND -	$17,250	L	$0
COMPUTER EQUIP - S	$3,944	SL	$0	$2,367	5	$789
PID 61.0 - LAND -	$42,199	L	$0
PID 102.1 MINERAL	$10,900		$0	$0
PID 102.2 MINERAL	$39,100		$0	$0
CARRYING COSTS '20	$205,601	L	$0
CARRYING COSTS '21	$172,281	L					2021-12-31
PID 70.0 - LAND -	$63,494	L	$0				2021-12-31
PID 70.0 - LAND -	$11,930	L	$0				2021-12-31
PID 70.1 - LAND -	$3,718	L	$0				2021-12-31
PID 70.2 - LAND -	$1,121	L	$0				2021-12-31
PID 71.0 - LAND -	$14,468	L	$0				2021-12-31
PID 72.0 - LAND -	$4,753	L	$0				2021-12-31
PID 73.0 - LAND -	$16,394	L	$0				2021-12-31
FURNITURE&FIXTURES	$8,831	SL	$0	$8,831	7
CARRYING COSTS '18	$565	L
CARRYING COSTS '18	$223,604	L	$0
CARRYING COSTS '19	$551	L
CARRYING COSTS '19	$226,713	L	$0

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (67 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt	Accumulated DepreciationAccumulatedDepreciationAmt
PID 001.0 - LAND -	$5,576,992	$5,576,992	$5,576,992
PID 002.0 - LAND -	$372,300	$372,300	$372,300
PID 004.0 - LAND -	$1,442,549	$1,442,549	$1,442,549
PID 005.0 - LAND -	$282,962	$282,962	$282,962
PID 006.0 - LAND -	$59,000	$59,000	$59,000
PID 007.0 - MOBILE	$2,480	$2,480	$2,480	$0
PID 008.0 - LAND -	$489,519	$489,519	$489,519
PID 009.0 - LAND -	$55,140	$55,140	$55,140
PID 017.0 - LAND -	$83,979	$83,979	$83,979
PID 018.0 - LAND -	$206,460	$206,460	$206,460
PID 018.5 - LAND -	$403,480	$403,480	$403,480
PID 019.0 - LAND -	$1,384,278	$1,384,278	$1,429,386
PID 020.0 - LAND -	$684,108	$684,108	$705,122
PID 021.0 - LAND -	$841,106	$841,106	$849,845
PID 022.0 - LAND -	$69,712	$69,712	$72,511
PID 023.0 - LAND -	$20,458	$20,458	$23,103
PID 024.0 - LAND -	$20,200	$20,200	$20,200
PID 028.0 - LAND -	$769,249	$769,249	$1,686,696
PID 032.0 - LAND -	$601,631	$601,631	$406,063
PID 033.0 - LAND -	$691,631	$691,631	$112,737
PID 034.0 - LAND -	$124,500	$124,500	$5,175
PID 034.1 - BUILDI	$290,500	$290,500	$12,075	$0
PID 035.0 - LAND -	$123,000	$123,000	$123,000
PID 035.1 - BUILDI	$287,000	$287,000	$293,717	$0
PID 039.0 - LAND -	$3,668,004	$3,668,004	$3,698,759
PID 040.0 - LAND -	$800,831	$800,831	$801,000
PID 055.0 - LAND -	$961,081	$961,081	$961,081
PID 056.0 - LAND -	$54,000	$54,000	$54,000
PID 057.0 - LAND -	$3,483,074	$3,483,074	$3,489,507
PID 059.0 - LAND -	$2,124,026	$2,124,026	$2,131,629
PID 065.0 - LAND -	$121,754	$121,754	$124,850
PID 066.0 - LAND -	$779,097	$779,097	$792,312
PID 067.0 - LAND -	$76,046	$76,046	$76,631
PID 068.0 - LAND -	$86,020	$86,020	$86,611
PID 069.0 - LAND -	$28,000	$28,000	$28,000
PID 070.0 - LAND -	$35,577,639	$35,577,639	$35,577,639
PID 070.1 - LAND -	$957,875	$957,875	$1,015,357
PID 070.2 - LAND -	$436,175	$436,175	$475,831
PID 071.0 - LAND -	$6,593,806	$6,593,806	$6,608,417
PID 072.0 - LAND -	$3,737,600	$3,737,600	$3,742,353
PID 073.0 - LAND -	$12,518,761	$12,518,761	$12,535,155
PID 090.0 - LAND -	$805,741	$805,741	$805,741
PID 091.0 - LAND -	$470,800	$470,800	$545,106
PID 092.0 - LAND -	$470,800	$470,800	$545,096
PID 093.0 - LAND -	$552,077	$552,077	$631,455
PID 094.0 - LAND -	$520,052	$520,052	$599,791
PID 095.0 - LAND -	$584,562	$584,562	$671,450
PID 096.0 - LAND -	$584,562	$584,562	$623,975
PID 098.0 - LAND -	$26,000	$26,000	$26,540
PID 099.0 - LAND -	$17,250	$17,250	$17,250
PID 61.0 - LAND -			$42,199
PID 102.1 MINERAL	$10,900	$10,900	$0	$0
PID 102.2 MINERAL	$39,100	$39,100	$0	$0
CARRYING COSTS '20	$205,601	$205,601	$0
CARRYING COSTS '21	$172,281	$172,281	$172,281
PID 70.0 - LAND -	$63,494	$63,494	$63,494
PID 70.0 - LAND -	$11,930	$11,930	$11,930
PID 70.1 - LAND -	$3,718	$3,718	$3,718
PID 70.2 - LAND -	$1,121	$1,121	$1,121
PID 71.0 - LAND -	$14,468	$14,468	$14,468
PID 72.0 - LAND -	$4,753	$4,753	$4,753
PID 73.0 - LAND -	$16,394	$16,394	$16,394
FURNITURE&FIXTURES	$8,831		$8,831	$8,831
CARRYING COSTS '18			$565
CARRYING COSTS '18	$223,604	$223,604	$223,604
CARRYING COSTS '19			$551
CARRYING COSTS '19	$226,713	$226,713	$226,163

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	COMPUTER EQUIP - S	CategoryOrItemTxt
Cost Or Other Basis	$3,944	CostOrOtherBasisAmt
Accumulated Depreciation	$3,156	AccumulatedDepreciationAmt
Book Value	$788	BookValueAmt
EOYFMV	$3,944	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	General Consultations	CategoryTxt
Legal Fees	$35,327	LegalFeesAmt
Net Investment Income	$35,327	NetInvestmentIncomeAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	NET START-UP COSTS	Desc
EOY Book Value	$12,030	EOYBookValueAmt
EOYFMV	$12,030	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administrative Fees	$109,908	$109,908
HOA FEES & UTILITIES	$48,189		$48,189
AMORTIZATION EXPENSE	$1,429
OFFICE EXPENSE	$59		$59
Property insurance	$17,898		$17,898
Property Maintenance	$19,780		$19,780
REGISTERED AGENT FEES	$2,292		$2,292

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
Class Action Lawsuit Proceeds	$8	$8
Hunting Lease Income	$30,722	$30,722
Earnest Money Forfeiture	$94,238	$94,238
Timber Income	$121,041	$121,041

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
Appraisal Services	$29,225	$29,225
Investment Management Services	$512,354	$512,354
FORESTRY SERVICES	$61,795	$61,795

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
FRANCHISE TAXES	$300	$300
Property Taxes	$10,020	$10,020