2021-11-12T08:51:44-06:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 477150256 Waymark Foundation % Foundation Source WAYM 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 CHARLES ROYAL SECRETARY 8008391754 2021-11-09 true CHARLES ROYAL 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 81421503 X 0 X 21952 21952 155195 155195 52354 52354 52354 -931381 15787556 0 54244 54244 -647636 283745 0 48341 48341 0 0 13350 350 0 13000 685318 685318 13551 13551 789 2590 2590 167339 42883 123027 931278 793033 0 136027 0 0 931278 793033 0 136027 -1578914 0 2238542 15803782 15803782 15110 1410 15110 15110 4725774 7582386 3140038 91675931 8831 91322985 91667100 65587575 3944 2367 2366 1577 1577 15035 13459 13459 109028536 107501028 81421503 949 41883 94238 42832 94238 X 108985704 107406790 108985704 107406790 109028536 107501028 108985704 -1578914 107406790 107406790 Publicly-traded Securities 15787556 16718937 -931381 -931381 0 0 0 10000 0 10000 10000 10000 false false false false false false false true true DE SC TX true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 19809 false false false true true false false false false false false false false false false false false false false false false false false 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 Pareto Asset Management 1941 Savage Rd Ste 100A PMB 615 CHARLESTON SC 29407 Investment Mgmt 526011 Dunaway Associates LP 550 Baily Ave Ste 400 FORT WORTH TX 76107 Consulting Svcs 138127 Foundation Source 55 Walls Drive 3rd Fl Fairfield CT 06824 Administrative 123027 US Trust PO Box 830269 DALLAS TX 75283 Investment Mgmt 64943 2942211 13393750 65587575 81923536 0 81923536 1228853 80694683 4034734 4034734 0 0 4034734 4034734 4034734 136027 0 0 0 0 136027 0 136027 4034734 2018 2017 2016 7439149 1306904 478739 575768 9800560 136027 136027 0 3898707 3898707 5901853 0 5901853 3540442 1306904 478739 575768 NONE X 14 21952 14 155195 16 52354 18 -931381 NET HUNTING INCOME 01 33722 NET OIL & GAS INCOME 01 7239 NET FOREIGN TAX REFUND 01 83 TEMPORARY EASEMENT INCOME 01 13200 -647636 -647636 false false false false false false false false false false BOOKKEEPING & CONSULTATIONS 8450 350 8100 TAX RETURN PREPARATION/REVIEW 4900 4900 FURNITURE AND FIXT 2011-07-05 8831 8831 SL 7 0 PID 001.0 - LAND - 2011-03-06 5576992 L 0 PID 002.0 - LAND - 2011-03-06 372300 L 0 PID 004.0 - LAND - 2011-03-06 1442549 L 0 PID 005.0 - LAND - 2011-03-06 282962 L 0 PID 006.0 - LAND - 2011-03-06 59000 L 0 PID 007.0 - MOBILE 2011-03-06 2480 L 0 PID 008.0 - LAND - 2011-03-06 489519 L 0 PID 009.0 - LAND - 2011-03-06 55140 L 0 PID 017.0 - LAND - 2011-03-06 83979 L 0 PID 018.0 - LAND - 2011-03-06 206460 L 0 PID 018.5 - LAND - 2011-03-06 403480 L 0 PID 019.0 - LAND - 2011-03-06 1384278 L 0 PID 020.0 - LAND - 2011-03-06 684108 L 0 PID 021.0 - LAND - 2011-03-06 841106 L 0 PID 022.0 - LAND - 2011-03-06 69712 L 0 PID 023.0 - LAND - 2011-03-06 20458 L 0 PID 024.0 - LAND - 2011-03-06 20200 L 0 PID 028.0 - LAND - 2011-03-06 769249 L 0 PID 032.0 - LAND - 2011-03-06 601631 L 0 PID 033.0 - LAND - 2011-03-06 691631 L 0 PID 034.0 - LAND - 2011-03-06 124500 L 0 PID 034.1 - BUILDI 2011-03-06 290500 L 0 PID 035.0 - LAND - 2011-03-06 123000 L 0 PID 035.1 - BUILDI 2011-03-06 287000 L 0 PID 039.0 - LAND - 2011-03-06 3668004 L 0 PID 040.0 - LAND - 2011-03-06 800831 L 0 PID 055.0 - LAND - 2011-03-06 961081 L 0 PID 056.0 - LAND - 2011-03-06 54000 L 0 PID 057.0 - LAND - 2011-03-06 3483074 L 0 PID 059.0 - LAND - 2011-03-06 2124026 L 0 PID 061.0 - LAND - 2011-03-06 42199 L 0 PID 065.0 - LAND - 2011-03-06 121754 L 0 PID 066.0 - LAND - 2011-03-06 779097 L 0 PID 067.0 - LAND - 2011-03-06 76046 L 0 PID 068.0 - LAND - 2011-03-06 86020 L 0 PID 069.0 - LAND - 2011-03-06 28000 L 0 PID 070.0 - LAND - 2011-03-06 35475406 L 0 PID 070.1 - LAND - 2011-03-06 955166 L 0 PID 070.2 - LAND - 2011-03-06 434453 L 0 PID 071.0 - LAND - 2011-03-06 6573501 L 0 PID 072.0 - LAND - 2011-03-06 3736513 L 0 PID 073.0 - LAND - 2011-03-06 12515103 L 0 PID 090.0 - LAND - 2011-03-06 805741 L 0 PID 091.0 - LAND - 2011-03-06 470800 L 0 PID 092.0 - LAND - 2011-03-06 470800 L 0 PID 093.0 - LAND - 2011-03-06 552077 L 0 PID 094.0 - LAND - 2011-03-06 520052 L 0 PID 095.0 - LAND - 2011-03-06 584562 L 0 PID 096.0 - LAND - 2011-03-06 584562 L 0 PID 098.0 - LAND - 2011-03-06 19200 L 0 PID 099.0 - LAND - 2011-03-06 17250 L 0 SURFACEBOOK 2 2017-12-21 3944 1578 SL 5 789 PID 102.1-MINERAL 2011-03-06 10900 L 0 PID 102.2-MINERAL 2011-03-06 39100 L 0 CARRYING COSTS '18 2018-12-31 224169 L 0 CARRYING COSTS '19 2019-12-31 227264 L 0 CARRYING COSTS '20 2020-12-31 205601 L 0 PID 70.0 - LAND 2020-12-31 102233 L 0 PID 70.1 - LAND 2020-12-31 2709 L 0 PID 70.2 - LAND 2020-12-31 1722 L 0 PID 71.0 - LAND 2020-12-31 20305 L 0 PID 72.0 - LAND 2020-12-31 1087 L 0 PID 73.0 - LAND 2020-12-31 3658 L 0 PID 98.0 - LAND 2020-12-31 6800 L 0 Capitalize Carrying Charges Election Capitalize Carrying Charges Election Under IRC section 266 and Regulation 1.266-1(b)(1), the taxpayer elects to capitalize the following interest, taxes and other carrying charges incurred during the tax year. Total $205,600.55 Expense number: 1 Description of Expense: Ocean Palms - Lot 1, PID 91, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 2 Description of Expense: Ocean Palms - Lot 2, PID 92, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 3 Description of Expense: Ocean Palms - Lot 3, PID 93, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 4 Description of Expense: Ocean Palms - Lot 4, PID 94, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 5 Description of Expense: Ocean Palms - Lot 5, PID 95, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 6 Description of Expense: Ocean Palms - Lot 6, PID 96, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 7 Description of Expense: Ocean Palms - Lot 7, PID 28, HOA Dues Date Paid/Incurred: Various Amount Paid: $7,714.00 Expense number: 8 Description of Expense: Ocean Palms - Lot 1, PID 91, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $10,582.53 Expense number: 9 Description of Expense: Ocean Palms - Lot 2, PID 92, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $10,582.53 Expense number: 10 Description of Expense: Ocean Palms - Lot 3, PID 93, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $13,234.11 Expense number: 11 Description of Expense: Ocean Palms - Lot 4, PID 94, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $13,606.11 Expense number: 12 Description of Expense: Ocean Palms - Lot 5, PID 95, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $16,101.72 Expense number: 13 Description of Expense: Ocean Palms - Lot 6, PID 96, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $16,101.72 Expense number: 14 Description of Expense: Ocean Palms - Lot 7, PID 28, 2019 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $20,376.30 Expense number: 15 Description of Expense: Ocean Palms, Phase III, West, PID 32, HOA Dues Date Paid/Incurred: Various Amount Paid: $349.34 Expense number: 16 Description of Expense: Ocean Palms, Phase III, West, PID 32, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $1,643.25 Expense number: 17 Description of Expense: Ocean Palms, Phase III, East, PID 33, HOA Dues Date Paid/Incurred: Various Amount Paid: $406.69 Expense number: 18 Description of Expense: Ocean Palms, Phase III, East, PID 33, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $1,643.25 Expense number: 19 Description of Expense: Montmorenci-Big, PID 1, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $3,335.80 Expense number: 20 Description of Expense: Chafee Springs, PID 5, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $1,978.24 Expense number: 21 Description of Expense: Augusta-Big, PID 19, 2020 Property Taxes Paid Date Paid/Incurred: 9/10/2020 Amount Paid: $10,697.27 Expense number: 22 Description of Expense: Augusta-School, PID 20, 2020 Property Taxes Paid Date Paid/Incurred: 9/10/2020 Amount Paid: $4,983.23 Expense number: 23 Description of Expense: Tobacco Road, PID 21, 2020 Property Taxes Paid Date Paid/Incurred: 9/10/2020 Amount Paid: $2,072.34 Expense number: 24 Description of Expense: Augusta-Morgan Road, PID 22, 2020 Property Taxes Paid Date Paid/Incurred: 9/10/2020 Amount Paid: $679.76 Expense number: 25 Description of Expense: August-North of School, PID 23, 2020 Property Taxes Paid Date Paid/Incurred: 9/10/2020 Amount Paid: $629.27 Expense number: 26 Description of Expense: Perry-Big, PID 57, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $1,621.80 Expense number: 27 Description of Expense: Hampton-Big, PID 59, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $1,851.56 Expense number: 28 Description of Expense: Sylvania, PID 65, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $681.97 Expense number: 29 Description of Expense: East Side Orphan, PID 70.1, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $8,041.93 Expense number: 30 Description of Expense: West Side Orphan, PID 70.2, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $6,393.89 Expense number: 31 Description of Expense: Rocky Ford-Big, PID 66, 2020 Property Taxes Paid Date Paid/Incurred: 12/11/2020 Amount Paid: $3,249.24 Expense number: 32 Description of Expense: NE Ft Worth, PID 70, 2020 Property Taxes Paid Date Paid/Incurred: 12/10/2020 Amount Paid: $758.70 FURNITURE AND FIXT 8831 8831 8831 PID 001.0 - LAND - 5576992 5576992 5576992 PID 002.0 - LAND - 372300 372300 372300 PID 004.0 - LAND - 1442549 1442549 1442549 PID 005.0 - LAND - 282962 282962 282962 PID 006.0 - LAND - 59000 59000 59000 PID 007.0 - MOBILE 2480 2480 2480 PID 008.0 - LAND - 489519 489519 489519 PID 009.0 - LAND - 55140 55140 55140 PID 017.0 - LAND - 83979 83979 83979 PID 018.0 - LAND - 206460 206460 206460 PID 018.5 - LAND - 403480 403480 403480 PID 019.0 - LAND - 1384278 1384278 1384278 PID 020.0 - LAND - 684108 684108 684108 PID 021.0 - LAND - 841106 841106 841106 PID 022.0 - LAND - 69712 69712 69712 PID 023.0 - LAND - 20458 20458 20458 PID 024.0 - LAND - 20200 20200 20200 PID 028.0 - LAND - 769249 769249 769249 PID 032.0 - LAND - 601631 601631 601631 PID 033.0 - LAND - 691631 691631 691631 PID 034.0 - LAND - 124500 124500 124500 PID 034.1 - BUILDI 290500 290500 290500 PID 035.0 - LAND - 123000 123000 123000 PID 035.1 - BUILDI 287000 287000 287000 PID 039.0 - LAND - 3668004 3668004 3668004 PID 040.0 - LAND - 800831 800831 800831 PID 055.0 - LAND - 961081 961081 961081 PID 056.0 - LAND - 54000 54000 54000 PID 057.0 - LAND - 3483074 3483074 3483074 PID 059.0 - LAND - 2124026 2124026 2124026 PID 061.0 - LAND - 42199 42199 42199 PID 065.0 - LAND - 121754 121754 121754 PID 066.0 - LAND - 779097 779097 779097 PID 067.0 - LAND - 76046 76046 76046 PID 068.0 - LAND - 86020 86020 86020 PID 069.0 - LAND - 28000 28000 28000 PID 070.0 - LAND - 35475406 35475406 35475406 PID 070.1 - LAND - 955166 955166 955166 PID 070.2 - LAND - 434453 434453 434453 PID 071.0 - LAND - 6573501 6573501 6573501 PID 072.0 - LAND - 3736513 3736513 3736513 PID 073.0 - LAND - 12515103 12515103 12515103 PID 090.0 - LAND - 805741 805741 805741 PID 091.0 - LAND - 470800 470800 470800 PID 092.0 - LAND - 470800 470800 470800 PID 093.0 - LAND - 552077 552077 552077 PID 094.0 - LAND - 520052 520052 520052 PID 095.0 - LAND - 584562 584562 584562 PID 096.0 - LAND - 584562 584562 584562 PID 098.0 - LAND - 19200 19200 19200 PID 099.0 - LAND - 17250 17250 17250 PID 102.1-MINERAL 10900 10900 10900 PID 102.2-MINERAL 39100 39100 39100 CARRYING COSTS '18 224169 224169 224169 CARRYING COSTS '19 227264 227264 227264 CARRYING COSTS '20 205601 205601 205601 PID 70.0 - LAND 102233 102233 102233 PID 70.1 - LAND 2709 2709 2709 PID 70.2 - LAND 1722 1722 1722 PID 71.0 - LAND 20305 20305 20305 PID 72.0 - LAND 1087 1087 1087 PID 73.0 - LAND 3658 3658 3658 PID 98.0 - LAND 6800 6800 6800 SURFACEBOOK 2 3944 2367 1577 3944 Document Review/Drafting 22590 22590 General Consultations 25751 25751 NET START-UP COSTS 13459 13459 Administrative Fees 123027 123027 Bank Charges 98 98 AMORTIZATION EXPENSE 1429 HOA FEES & UTILITIES 13640 13640 POSTAGE/DELIVERY SERVICE 590 590 PROPERTY INSURANCE 17921 17921 PROPERTY MAINTENANCE 10150 10150 REGISTERED AGENT FEE 484 484 Net Hunting Lease Income 33722 33722 Net Oil and Gas Income 7239 7239 Net Foreign Tax Refund 83 83 Temporary Easement Income 13200 13200 DEPOSITS 41883 94238 Appraisal Services 38200 38200 Investment Management Services 590954 590954 CONSULTANT SERVICES 7383 7383 FORESTRY SERVICES 48781 48781 FRANCHISE TAXES 1200 1200 OIL AND GAS PRODUCTION TAX 176 176 Property Taxes 12175 12175