FMH FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: FMH FOUNDATION (EIN 27-2504803)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-17
IRS object ID: 202543219349109254
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
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Land Etc Schedule2
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	2025-11-17T21:39:23-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	750807999	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SPROLES WOODARD LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 151	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79702	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	272504803	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FMH FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FMHF	BusinessNameControlTxt
Phone	4326827924	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 51310	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	797101310	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LAURA BUCKNER	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	4326827323	PhoneNum
Signature	2025-11-17	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DEBORAH TILLEY	PreparerPersonNm
PTIN	P01330223	PTIN
Phone	4326827323	PhoneNum
Preparation	2025-11-17	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$654,497,011	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	$100	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$12,755,602	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$12,755,602	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$11,262,756	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$88,849,392	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$11,262,756	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$80,578,858	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$80,578,858	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$104,597,316	TotalRevAndExpnssAmt
Total Net Invst Incm	$104,597,216	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$226,200	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$56,550	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$169,650	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$404,160	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$101,040	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$303,120	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$62,593	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$15,648	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$46,945	PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$33,530	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$16,765	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$16,765	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$2,097,791	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$2,097,791	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$5,528,449	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$4,267,129	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$33,751	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$5,235,023	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$5,235,023	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$97,710	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$97,710	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$0	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$48,467	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$12,117	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$36,350	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$1,688	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$1,688	PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl	$0	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$4,185,134	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$4,136,805	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$48,329	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$17,920,745	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$16,038,266	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$654,910	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$14,188,250	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$14,188,250	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$32,108,995	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$16,038,266	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$14,843,160	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$72,488,321	ExcessRevenueOverExpensesAmt
Net Investment Income	$88,558,950	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$3,203,268	CashBOYAmt
Cash EOY	$2,175,289	CashEOYAmt
Cash EOYFMV	$2,175,289	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$19,655,434	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$18,601,506	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$18,601,506	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$268,593,743	CorporateStockBOYAmt
Corporate Stock EOY	$332,266,151	CorporateStockEOYAmt
Corporate Stock EOYFMV	$420,426,838	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$81,994,593	CorporateBondsBOYAmt
Corporate Bonds EOY	$101,058,680	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$98,499,381	CorporateBondsEOYFMVAmt
Other Investments BOY	$34,770,577	OtherInvestmentsBOYAmt
Other Investments EOY	$31,849,151	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$33,501,935	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$63,197	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$43,483	LandBldgEquipAccumDeprecAmt
Land BOY	$20,330	LandBOYAmt
Land EOY	$19,714	LandEOYAmt
Land EOYFMV	$19,714	LandEOYFMVAmt
Other Assets BOY	$56,552,941	OtherAssetsBOYAmt
Other Assets EOY	$51,311,210	OtherAssetsEOYAmt
Other Assets EOYFMV	$81,272,348	OtherAssetsEOYFMVAmt
Total Assets BOY	$464,790,886	TotalAssetsBOYAmt
Total Assets EOY	$537,281,701	TotalAssetsEOYAmt
Total Assets EOYFMV	$654,497,011	TotalAssetsEOYFMVAmt
Accounts Payable EOY	$2,494	AccountsPayableEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,494	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$286,771,475	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$286,771,575	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$178,019,411	RetainedEarningBOYAmt
Retained Earning EOY	$250,507,632	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$464,790,886	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$537,279,207	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$464,790,886	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$537,281,701	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$464,790,886	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$72,488,321	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$537,279,207	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$537,279,207	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MARKETABLE SECURITIES MANAGED PORTFOLIO STCG	P	$8,311,774	$8,097,424	$214,350	$214,350
MARKETABLE SECURITIES MANAGED PORTFOLIO LTCG	P	$48,117,747	$40,643,745	$7,474,002	$7,474,002
PARTNERSHIP SHORT TERM LOSS	P		$75	-$75	-$75
PARTNERSHIP LONG TERM GAIN	P	$98,832		$98,832	$98,832
MARKETABLE SECURITIES MANAGED PORTFOLIO STCG	P	$954,155	$900,008	$54,147	$54,147
MARKETABLE SECURITIES MANAGED PORTFOLIO LTCG	P	$3,683,254	$3,571,971	$111,283	$111,283
MARKETABLE SECURITIES MANAGED PORTFOLIO STCG	P	$27,481,511	$24,373,413	$3,108,098	$3,108,098
CAPITAL GAINS DIVIDENDS	P	$202,119		$202,119	$202,119

Field	Value	IRS element (for citing)
Capital Gain Net Income	$11,262,756	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,230,969	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$1,230,969	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$1,230,969	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,390,000	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$480,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$1,870,000	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$639,031	OverpaymentAmt
Applied To ES Tax	$639,031	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	FMHFOUNDATION.ORG	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	FMH FOUNDATION ATTN J HIRES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4326827924	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 51310	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79710	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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
GLENN A ROGERS
PO BOX 51310	MIDLAND	TX	79710	PRESIDENT	2.00	$0	$0	$0
JONI HIRES
PO BOX 51310	MIDLAND	TX	79710	EXECUTIVE DIRECTOR	40.00	$226,200	$6,786	$0
LAURA MCCABE
PO BOX 51310	MIDLAND	TX	79710	SECRETARY	1.00	$0	$0	$0
LAURA BUCKNER
PO BOX 7963	MIDLAND	TX	79708	TREASURER	1.00	$0	$0	$0
TEVIS HERD
PO BOX 51310	MIDLAND	TX	79710	DIRECTOR	1.00	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
SENIOR GRANT MANAGER
PO BOX 51310	MIDLAND	TX	79710	SENIOR GRANT MANAGER	40.00	$131,300	$3,939	$0
GRANT MANAGER I
PO BOX 51310	MIDLAND	TX	79710	GRANT MANAGER I	40.00	$109,460	$3,284	$0
GRANT MANAGER II
PO BOX 51310	MIDLAND	TX	79710	GRANT MANAGER II	40.00	$85,920	$2,578	$0
ACCOUNTING AND OPERATIONS
PO BOX 51310	MIDLAND	TX	79710	ACCOUNTING AND OPERA	40.00	$77,480	$2,324	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
BANK OF AMERICA
PO BOX 830269	DALLAS	TX	75283	INVESTMENT MANAGEMENT	$1,513,658
RBC WEALTH MANAGEMENT
550 WEST TEXAS SUITE 120	MIDLAND	TX	79701	INVESTMENT MANAGEMENT	$395,633
PRIVATE WEALTH ASSET MANAGEMENT
901B TRADEWINDS BLVD	MIDLAND	TX	79706	INVESTMENT MANAGEMENT	$188,500

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$524,509,279	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,937,025	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$81,280,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$608,726,304	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$608,726,304	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,130,895	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$599,595,409	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$29,979,770	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$29,979,770	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,230,969	TaxBasedOnInvestmentIncomeAmt
Income Tax	$2,245	IncomeTaxAmt
Total Tax	$1,233,214	TotalTaxAmt
Distributable Before Adj	$28,746,556	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$28,746,556	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$28,746,556	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$14,843,160	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$14,843,160	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$28,746,556	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$5,942,147	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3	$1,881,299	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$5,358,936	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$4,027,429	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$17,209,811	TotalExcessDistributionCyovAmt
Qualifying Distributions	$14,843,160	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$14,843,160	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$13,903,396	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$13,903,396	ExcessDistributionCyovAppCYAmt
Total Corpus	$3,306,415	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$3,306,415	ExcessDistriCyovToNextYrAmt
Excess From Year1	$3,306,415	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (71 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ALZHEIMER'S ASSOCIATION
4400 N BIG SPRING ST C32	MIDLAND	TX	79705	PC	EDUCATION/COMMUNITY SERVICES & GENERAL OPERATING	$35,000
AMERICAN HEART ASSOCIATION
12345 N LAMAR BLVD STE 200	AUSTIN	TX	78753	PC	CPR TRAINING IN RURAL PERMIAN BASIN	$227,000
APHASIA CENTER OF WEST TEXAS
5214 THOMASON DRIVE	MIDLAND	TX	79703	PC	GENERAL OPERATIONS	$40,000
ARCHWAY OUTREACH INC
1005 W TEXAS AVE	MIDLAND	TX	79701	PC	COUNSELING SERVICES	$66,000
ARTS COUNCIL OF MIDLAND
PO BOX 3494	MIDLAND	TX	79701	PC	SCULPTURE PROJECT	$150,000
BASIN DREAM CENTER FOR ORPHANS
7401 BRIARWOOD AVENUE	MIDLAND	TX	79707	PC	EXPANSION EMERGENCY SHELTER	$200,000
BIG SPRING SYMPHONY
PO BOX 682	BIG SPRING	TX	79721	PC	CONCERT PRODUCTION	$31,000
BUSH TENNIS CENTER
5700 BRIARWOOD AVE	MIDLAND	TX	79707	PC	MAINTENANCE OF PARK	$25,000
CASA DE AMIGOS OF MIDLAND TEXAS
1101 GARDEN LANE	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$40,000
CASA OF THE PERMIAN BASIN AREA INC
300 N GRANT AVENUE	ODESSA	TX	79761	PC	GENERAL OPERATIONS	$25,000
CASA OF WEST TEXAS
1611 W TEXAS AVE	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$100,000
CENTERS FOR CHILDREN AND FAMILIES INC
3701 ANDREWS HWY	MIDLAND	TX	79703	PC	CLINICAL COUNSELING & GENERAL OPERATIONS	$95,000
CITY OF SEMINOLE VOLUNTEER FIRE DEPT
208 SE 2ND ST	SEMINOLE	TX	79360	GOV	FIRE TRUCK	$400,000
COM AQUATICS INC
3003 N A ST	MIDLAND	TX	79705	PC	EQUIPMENT & GENERAL OPERATIONS	$100,000
COMMUNITY CHILDREN'S MINISTRY CLINIC
PO BOX 3328	MIDLAND	TX	79702	PC	GENERAL OPERATIONS	$45,000
CRISIS CENTER OF WEST TEXAS
910 S GRANT AVE B	ODESSA	TX	79761	PC	GENERAL OPERATIONS	$80,000
DAVIS MOUNTAINS PO ASSOC VOLUNTEER FIRE DEPT
101 YELLOW KNIFE TRAIL	FORT DAVIS	TX	79734	PC	GENERAL OPERATIONS	$4,000
DEVELOPMENT CORPORATION OF SNYDER
2514 AVENUE R	SNYDER	TX	79549	GOV	BROADBAND INFRASTRUCTURE	$650,000
ECISD EDUCATION FOUNDATION
PO BOX 951	ODESSA	TX	79763	PC	MUSIC PROGRAMS & FACILITY IMPROVEMENTS	$200,000
FAMILY CRISIS CENTER OF THE BIG BEND INC
606 N 5TH ST	ALPINE	TX	79830	PC	FACILITY IMPROVEMENTS	$200,000
FAMILY PROMISE OF MIDLAND TEXAS INC
3500 NORTH A STREET	MIDLAND	TX	79705	PC	GENERAL OPERATIONS	$50,000
FAMILY PROMISE OF ODESSA INC
1354 E 6TH ST	ODESSA	TX	79761	PC	GENERAL OPERATIONS	$15,000
FIRST RESPONSE MINISTRY INC
PO BOX 575	FORT STOCKTON	TX	79735	PC	GENERAL OPERATIONS	$32,000
FOOD PANTRY OF JEFF DAVIS COUNTY INC
PO BOX 244	FORT DAVIS	TX	79734	PC	GENERAL OPERATING & FACILITY IMPROVEMENTS	$30,000
FORT STOCKTON WATER CARNIVAL ASSOCIATION
PO BOX 303	FORT STOCKTON	TX	79735	PC	GENERAL OPERATIONS	$80,000
GRAND COMPANIONS HUMANE SOCIETY
701 COMPROMISE ST	FORT DAVIS	TX	79734	PC	GENERAL OPERATIONS	$16,000
HARMONY HOME CHILDRENS ADVOCACY CENTER
PO BOX 3087	ODESSA	TX	79760	PC	GENERAL OPERATIONS	$45,000
HERITAGE MUSEUM OF BIG SPRING
510 SCURRY	BIG SPRING	TX	79720	PC	CHILDREN'S EXHIBIT AND GENERAL OPERATIONS	$72,000
HIGH SKY CHILDREN'S RANCH
8613 W COUNTY RD 60	MIDLAND	TX	79707	PC	GENERAL OPERATING & BUILDING & GROUNDS	$125,000
HISPANIC CULTURAL CENTER OF MIDLAND INC
PO BOX 51404	MIDLAND	TX	79710	PC	GENERAL OPERATIONS	$35,000
LEGACY HIGH SCHOOL CHOIR BOOSTER CLUB
PO BOX 8473	MIDLAND	TX	79708	PC	CHOIR PERFORMANCE TRAVEL	$15,000
LEVELLAND WALLACE THEATER
P O BOX 1398	LEVELLAND	TX	79336	PC	RENOVATION AND RESTORATION	$800,000
LITERACY COALITION OF THE PERMIAN BASIN
3500 N A STREET STE 2700	MIDLAND	TX	79705	PC	GENERAL OPERATIONS	$40,000
MARATHON PRIMARY CARE SERVICE INC
101 POST RD	MARATHON	TX	79842	PC	GENERAL OPERATIONS	$7,000
MARFA EDUCATION FOUNDATION
PO BOX 660	MARFA	TX	79843	PC	GENERAL OPERATIONS	$10,000
MARFA THEATRE
108 E SAN ANTONIO ST	MARFA	TX	79843	PC	GENERAL OPERATIONS	$12,500
MARTIN COUNTY HOSPITAL DISTRICT
600 INTERSTATE 20 EAST	STANTON	TX	79782	GOV	MEDICAL OFFICE BUILDING/OUTPATIENT CENTER	$1,000,000
MIDLAND CHILDREN'S REHAB CENTER
802 VENTURA AVE	MIDLAND	TX	79705	PC	AQUATIC THERAPY CENTER AND EQUINE THERAPY PROGRAM	$130,000
MIDLAND COMMUNITY THEATRE
2000 W WADLEY AVE	MIDLAND	TX	79705	PC	FACILITY RENOVATION	$97,500
MIDLAND COUNTY PUBLIC LIBRARY FOUNDATION
PO BOX 1634	MIDLAND	TX	79701	PC	EXHIBITS & ENDOWMENT FUND	$100,000
MIDLAND FESTIVAL BALLET
PO BOX 52034	MIDLAND	TX	79710	PC	BALLET PRODUCTIONS	$150,000
MIDLAND MEMORIAL FOUNDATION
400 R REDFERN GROVER PARKWAY	MIDLAND	TX	79701	PC	INTERN PROGRAM AND GENERAL OPERATIONS	$345,000
MIDLAND ODESSA SYMPHONY AND CHORALE INC
PO BOX 60658	MIDLAND	TX	79711	PC	GENERAL OPERATIONS	$50,000
MIDLAND SHARED SPACES
3500 N A STREET STE 1100	MIDLAND	TX	79705	PC	LITERACY COALITION OF THE PERMIAN BASIN & IT EXPANSION	$95,000
MIDLAND STORYTELLING FESTIVAL
800 W TEXAS AVE	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$35,000
MUSEUM OF THE SOUTHWEST
1705 W MISSOURI AVE	MIDLAND	TX	79701	PC	GENERAL OPERATING & MUSEUM CURATORIAL FUNDING	$32,500
NON-PROFIT MANAGEMENT CENTER OF PB
3500 N A STREET STE 2300	MIDLAND	TX	79705	PC	GENERAL OPERATIONS	$85,000
NORTHEAST MIDLAND COUNTY VOLUNTEER FD
3810 N COUNTY RD 1130	MIDLAND	TX	79705	PC	FIRE TRUCK	$375,000
ODESSA COUNCIL FOR THE ARTS & HUMANITIES
415 N GRANT AVE	ODESSA	TX	79761	PC	ART PROJECT	$5,000
ODESSA FAMILY YMCA
3001 E UNIVERSITY BLVD	ODESSA	TX	79762	PC	GENERAL OPERATIONS	$110,000
OPEN ARMS ADVOCACY CENTER
113 N HARRISON STREET	SAN ANGELO	TX	76901	PC	GENERAL OPERATIONS	$10,000
PERMIACARE
401 E ILLINOIS SUITE 200	MIDLAND	TX	79701	PC	FACILITY IMPROVEMENTS	$255,000
PERMIAN BASIN AREA FOUNDATION
3312 ANDREWS HWY	MIDLAND	TX	79703	PC	ENDOWMENT FUND	$25,000
PERMIAN BASIN BEHAVIORAL HEALTH CENTER
PO BOX 61950	MIDLAND	TX	79711	PC	BUILDING CAPITAL PROJECT	$4,000,000
PERMIAN BASIN GIFTS OF HOPE INC
2006 W TENNESSEE AVE	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$90,000
PERMIAN BASIN PETROLEUM MUSEUM
1500 I-20	MIDLAND	TX	79701	PC	NATURAL ELEMENT CLIMBING STRUCTURE	$25,000
PERMIAN BASIN PUBLIC TELECOMMUNICATIONS INC
550 W TEXAS AVE STE 800	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$125,000
PERMIAN BASIN REGIONAL COUNCIL ON ALCOHOL AND DRUG ABUSE
120 E SECOND ST	ODESSA	TX	79761	PC	GENERAL OPERATIONS	$75,000
PERMIAN BASIN REHABILITATION CENTER
620 N ALLEGHANEY AVE	ODESSA	TX	79761	PC	EQUIPMENT	$85,000
PINK THE BASIN INC
PO BOX 7406	ODESSA	TX	79760	PC	GENERAL OPERATIONS	$50,000
SAN ANGELO SYMPHONY SOCIETY
72 W COLLEGE AVE	SAN ANGELO	TX	76903	PC	PERFORMANCE PROGRAM	$20,000
SCHLEICHER COUNTY PUBLIC LIBRARY
400 W MURCHISON AVE	ELDORADO	TX	76936	PC	FACILITY IMPROVEMENTS	$150,000
SENIOR LIFE MIDLAND INC
3301 SINCLAIR AVE	MIDLAND	TX	79707	PC	GENERAL OPERATIONS	$25,000
SHARING HANDS A RESPITE EXPERIENCE
3500 N A STREET STE 2200	MIDLAND	TX	79705	PC	PROGRAM EXPENSE	$108,000
SHELBY'S BRIDGE
1008 E HAY ST	SUDAN	TX	79371	PC	PROGRAM EXPENSE	$135,000
SIBLEY ENVIRONMENTAL LEARNING CENTER
1307 E WADLEY	MIDLAND	TX	79705	PC	PROGRAM EXPENSE	$50,000
SPECIAL OLYMPICS TEXAS
401 W TEXAS AVE 507	MIDLAND	TX	79701	PC	GENERAL OPERATIONS	$25,000
SPRINGBOARD CENTER
200 CORPORATE DR	MIDLAND	TX	79705	PC	GENERAL OPERATIONS	$115,000
WEST TEXAS COUNSELING & GUIDANCE INC
36 E TWOHIG AVE STE 600	SAN ANGELO	TX	76903	PC	MENTAL HEALTH COUNSELING	$132,750
WEST TEXAS FOOD BANK
1601 WESTCLIFF DR	MIDLAND	TX	79703	PC	ODESSA FACILITY EXPANSION	$275,000
YOUNG MENS CHRISTIAN ASSOC OF BIG SPRING TX
801 OWENS STREET	BIG SPRING	TX	79720	PC	FACILITY IMPROVEMENTS YOUTH CENTER	$1,705,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$14,188,250	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$12,755,602	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$80,578,858	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$11,262,756	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$104,597,216	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$104,597,216	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$33,530	Amt
Net Investment Income	$16,765	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$16,765	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (12 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt	Prior Year DepreciationPriorYearDepreciationAmt
CANNON COPIER SCANNER	2018-01-02	$8,095	200DB	5.000000000000	$0	$0
OFFICE DECO-5 ART PRINTS	2018-01-02	$3,019	200DB	7.000000000000	$0	$0
OFFICE NETWORK WIRING & EQUIP	2018-01-02	$8,625	200DB	5.000000000000	$0	$0
SOFTWARE-PANDA VIRUS PROTECTION	2018-01-02	$400	SL	3.000000000000	$0	$0	$400
OFFICE NETWORK WIRING & EQUIP	2018-01-02	$378	200DB	5.000000000000	$0	$0
ICE MAKER	2018-01-02	$2,589	200DB	7.000000000000	$0	$0
LEASEHOLD IMPROVEMENTS	2018-01-02	$24,026	SL	39.000000000000	$616	$0	$3,696
STORAGE CABINET	2018-01-24	$385	200DB	7.000000000000	$0	$0
MINI BLINDS BOARD ROOM	2018-06-07	$1,600	200DB	7.000000000000	$0	$0
8 LENOVO NETBOOK COMPUTERS	2018-02-28	$5,287	200DB	5.000000000000	$0	$0
J-TOUCH INTERACTIVE DISPLAY	2018-12-04	$4,679	200DB	5.000000000000	$0	$0
ALLWORX TELEPHONE SYSTEM	2019-12-16	$4,114	200DB	5.000000000000	$0	$0

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	CORPORATE & GOV'T BOND PORTFOLIOS	BondNm
EOY Book Value	$101,058,680	EOYBookValueAmt
EOYFMV	$98,499,381	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	EQUITY SECURITIES PORTFOLIOS	StockNm
EOY Book Value	$332,266,151	EOYBookValueAmt
EOYFMV	$420,426,838	EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
REITS & ALTERNATIVE INVESTMENTS	AT COST	$31,185,035	$32,837,819
ALTERNATIVE INVESTMENTS	AT COST	$664,116	$664,116

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (12 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
CANNON COPIER SCANNER	$8,095	$8,095	$0
OFFICE DECO-5 ART PRINTS	$3,019	$3,019	$0
OFFICE NETWORK WIRING & EQUIP	$8,625	$8,625	$0
SOFTWARE-PANDA VIRUS PROTECTION	$400	$400	$0
OFFICE NETWORK WIRING & EQUIP	$378	$378	$0
ICE MAKER	$2,589	$2,589	$0
LEASEHOLD IMPROVEMENTS	$24,026	$4,312	$19,714
STORAGE CABINET	$385	$385	$0
MINI BLINDS BOARD ROOM	$1,600	$1,600	$0
8 LENOVO NETBOOK COMPUTERS	$5,287	$5,287	$0
J-TOUCH INTERACTIVE DISPLAY	$4,679	$4,679	$0
ALLWORX TELEPHONE SYSTEM	$4,114	$4,114	$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (5 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
OIL & GAS PRODUCING PROPERTY	$75,330,020	$75,330,020	$81,000,000
ACCUMULTED DEPLETION	-$28,832,560	-$34,066,967
OIL & GAS NON-PRODUCING PROPERTY	$9,927,557	$9,927,557
REAL ESTATE MINERAL CLASSIFIED PROPERTY	$120,600	$120,600	$272,348
PREPAID EXPENSES	$7,324

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE	$9,448	$2,637	$6,811
DUES & MEMBERSHIP FEES	$6,695	$0	$6,695
OFFICE EXPENSES AND SUPPLIES	$57,182	$24,956	$32,226
PAYROLL SERVICE FEES	$2,951	$738	$2,213
OIL & GAS MANAGEMENT & PRODUCTION EXPENSES	$4,108,346	$4,108,346	$0
EDUCATION AND TRAINING	$512	$128	$384

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
OIL & GAS ROYALTIES	$77,060,535	$77,060,535	$77,060,535
OIL LEASE BONUS INCOME	$3,529,051	$3,529,051	$3,529,051
INVESTMENT PARTNERSHIPS	-$10,728	-$10,728	-$10,728

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT MANAGEMENT FEES	CategoryTxt
Amt	$2,097,791	Amt
Net Investment Income	$2,097,791	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL TAXES	$1,227,569	$0	$0
PAYROLL TAXES EMPLOYER	$45,001	$11,250	$33,751
FOREIGN TAX ON DIVIDENDS	$51,983	$51,983	$0
OIL & GAS PRODUCTION TAX	$3,061,791	$3,061,791	$0
MINERAL AD VALOREM TAXES	$1,142,105	$1,142,105	$0