GALASHIELS FUND LTD: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GALASHIELS FUND LTD (EIN 94-3059858)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202523219349103342
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T11:58:16-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1415 VANTAGE PARK DRIVE SUITE 500 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | 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 | 943059858 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALASHIELS FUND LTD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GALA | BusinessNameControlTxt |
| Phone | 8474804690 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1990 MAIN ST SUITE 750 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34236 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH W COLBURN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8474804690 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELE MELCHIOR | PreparerPersonNm |
| PTIN | P00488037 | PTIN |
| Phone | 7046323500 | PhoneNum |
| 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 | $239,549,788 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $834,427 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $742,909 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,664,061 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,634,115 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $12,662,591 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,997,857 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $12,885,727 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,953,854 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,339,144 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $21,114,933 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,601,895 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $95,275 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $28,583 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $57,165 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $166,508 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $166,508 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $884,397 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $647,284 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $239,213 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $155,374 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,007,991 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,868,805 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $15 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,393,384 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,866,554 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $57,180 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $15,090,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $15,090,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $18,483,634 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,866,554 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,147,430 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,631,299 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $17,735,341 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $16,050,165 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,766,168 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,766,177 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $11,918,571 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,761,831 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $27,860,455 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $15,959,747 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $16,221,791 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $16,136,082 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $102,866,376 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $114,862,176 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $187,787,074 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $146,794,859 | TotalAssetsBOYAmt |
| Total Assets EOY | $150,611,966 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $239,549,788 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $146,794,859 | RetainedEarningBOYAmt |
| Retained Earning EOY | $150,611,966 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $146,794,859 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $150,611,966 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $146,794,859 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $150,611,966 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $146,794,859 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,631,299 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,250,000 | OtherIncreasesAmt |
| Subtotal | $150,676,158 | SubtotalAmt |
| Other Decreases | $64,192 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $150,611,966 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $11,068,020 | $4,922,845 | $6,145,175 | $6,145,175 | ||
| FARALLON | P | $200,632 | $200,632 | 2023-01-01 | 2024-12-31 | ||
| GS #3 | P | -$100,602 | -$100,602 | 2023-01-01 | 2024-12-31 | ||
| ROUNDTABLE #4 | P | $19,272 | $19,272 | 2023-01-01 | 2024-12-31 | ||
| ROUNDTABLE #5 | P | $12,813 | $12,813 | 2023-01-01 | 2024-12-31 | ||
| VN CAPITAL #2 | P | $9,381 | $9,381 | 2023-01-01 | 2024-12-31 | ||
| OEP #1 | P | -$93,908 | -$93,908 | 2023-01-01 | 2024-12-31 | ||
| OEP #2 | P | $1,202,360 | $1,202,360 | 2023-01-01 | 2024-12-31 | ||
| OEP #3 | P | $4,334,636 | $4,334,636 | 2023-01-01 | 2024-12-31 | ||
| OEP #4 | P | $774,881 | $774,881 | 2023-01-01 | 2024-12-31 | ||
| OEP #6 | P | $5,548 | $5,548 | 2023-01-01 | 2024-12-31 | ||
| TINICUM #1 | P | $103,529 | $103,529 | 2023-01-01 | 2024-12-31 | ||
| TINICUM #2 | P | $157 | $157 | 2023-01-01 | 2024-12-31 | ||
| TINICUM #4 | P | $132 | $132 | 2023-01-01 | 2024-12-31 | ||
| VINTAGE #1 | P | $6,919 | $6,919 | 2023-01-01 | 2024-12-31 | ||
| LOSS FROM FINAL YEAR LPS | P | $220,634 | $220,634 | 2023-01-01 | 2024-12-31 | ||
| DISTRIBUTIONS IN EXCESS OF BASIS | P | $44,168 | $44,168 | 2023-01-01 | 2024-12-31 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $12,885,727 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $246,521 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $246,521 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $246,521 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $124,011 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $280,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $404,011 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $157,490 | OverpaymentAmt |
| Applied To ES Tax | $157,490 | 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 | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CO | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | KEITH W COLBURN | IndividualWithBooksNm |
| Phone | 8474804690 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1990 MAIN ST SUITE 750 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34236 | 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 | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| DAVID T BRADFORD | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANDREA K MAYES | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | ASSISTANT TREASURER | 1.00 | $0 | $0 | $0 |
| BETSY P COLBURN | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | VICE PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| KEITH W COLBURN | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | PRES/TREASURER/DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GRANT THORNTON ADVISORS LLC | |||||
| 171 N CLARK ST SUITE 200 | CHICAGO | IL | 60601 | ACCOUNTING SERVICES | $95,275 |
| GOLDMAN SACHS & CO LLC | |||||
| 125 HIGH STREET 20TH FLOOR | BOSTON | MA | 021102704 | INVESTMENT MANAGEMENT FEES | $55,700 |
| 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 | $54,402,652 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $14,567,707 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $176,864,501 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $245,834,860 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $245,834,860 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,687,523 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $242,147,337 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,107,367 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $12,107,367 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $246,521 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $246,521 | TotalTaxAmt |
| Distributable Before Adj | $11,860,846 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $1,250,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $13,110,846 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $13,110,846 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,147,430 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $15,147,430 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $13,110,846 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $678,301 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,640,653 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,316,771 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,640,776 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $5,429,937 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $15,706,438 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,147,430 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $13,110,846 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,036,584 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $17,743,022 | 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 | $678,301 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $17,064,721 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,640,653 | ExcessFromYear4Amt |
| Excess From Year3 | $4,316,771 | ExcessFromYear3Amt |
| Excess From Year2 | $3,640,776 | ExcessFromYear2Amt |
| Excess From Year1 | $5,429,937 | ExcessFromYear1Amt |
| Excess From Current Year | $2,036,584 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KEITH W COLBURN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BEGINNING WITH CHILDREN FOUNDATION | |||||||
| 185 BROADWAY 2ND FLOOR | BROOKLYN | NY | 11211 | NONE | PC | ANNUAL SUPPORT | $250,000 |
| CATO INSTITUTE | |||||||
| 1000 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20001 | NONE | PC | ANNUAL SUPPORT | $1,000,000 |
| CHALLENGED ATHLETES FOUNDATION | |||||||
| 9591 WAPLES STREET | SAN DIEGO | CA | 92121 | NONE | PC | ENDOWMENT AND ANNUAL SUPPORT | $2,100,000 |
| CRISTO RAY JESUIT HIGH SCHOOL | |||||||
| 2924 4TH AVENUE SOUTH | MINNEAPOLIS | MN | 55408 | NONE | PC | ANNUAL SUPPORT | $1,000,000 |
| CROHN'S & COLITIS FOUNDATION OF AMERICA INC | |||||||
| 733 THIRD AVENUE SUITE 510 | NEW YORK | NY | 10017 | NONE | PC | ANNUAL SUPPORT | $100,000 |
| GREATER EDUCATION OPPORTUNITIES FOUNDATION | |||||||
| 3145 NORTH MERIDIAN STREET | INDIANAPOLIS | IN | 46208 | NONE | PC | ANNUAL SUPPORT | $1,000,000 |
| HOLY FAMILY MINISTRIES | |||||||
| 3225 ARNOLD LANE | NORTHBROOK | IL | 60062 | NONE | PC | ENDOWMENT AND ANNUAL SUPPORT | $1,300,000 |
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | |||||||
| 1 GUSTAVE L LEVY PLACE | NEW YORK | NY | 100295674 | NONE | PC | ANNUAL SUPPORT | $125,000 |
| INSTITUTE FOR JUSTICE | |||||||
| 901 N GLEBE ROAD SUITE 900 | ARLINGTON | VA | 22203 | NONE | PC | ANNUAL SUPPORT | $5,000,000 |
| RAILS TO TRAILS CONSERVANCY | |||||||
| 2121 WARD COURT NW 5TH FLOOR | WASHINGTON | DC | 20037 | NONE | PC | ANNUAL SUPPORT | $250,000 |
| WILD TOMORROW FUND | |||||||
| 413 W 48TH ST 3F | NEW YORK | NY | 10036 | NONE | PC | ANNUAL SUPPORT | $756,000 |
| WORLD BICYCLE RELIEF | |||||||
| 1000 WEST FULTON MARKET | CHICAGO | IL | 60607 | NONE | PC | ANNUAL SUPPORT | $2,209,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $15,090,250 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $834,427 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,664,061 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $194,571 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $122,031 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $12,540,560 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| OTHER INCOME - LP | 901101 | -$538,335 | 14 | $2,596,179 |
| STATE REFUND | 01 | $701,439 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$416,304 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $19,531,237 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,114,933 | 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 |
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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH W & BETSY COLBURN | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1990 MAIN ST SUITE 750 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34236 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GRANT THORNTON ADVISORS LLC | CategoryTxt |
| Amt | $95,275 | Amt |
| Net Investment Income | $28,583 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $57,165 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (91 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AERCAP IRELAND | $162,956 | $177,380 |
| AIR LEASE 2 | $164,715 | $168,522 |
| ALEXANDRIA REAL ESTATE | $79,998 | $83,069 |
| ALLY FINANCIAL | $83,924 | $74,800 |
| ALPHABET | $164,837 | $161,349 |
| ALTRIA GROUP | $109,201 | $97,136 |
| AMERICAN HONDA FINANCE | $234,988 | $229,650 |
| AON CORP | $130,545 | $133,280 |
| ASTRAZENECA PLC | $292,455 | $286,711 |
| AT&T | $153,001 | $157,099 |
| BANCO SANTANDER | $200,000 | $198,587 |
| BANK OF AMERICA | $324,986 | $292,004 |
| BANK OF NEW YORK MELLON | $263,535 | $271,813 |
| BANK OF NOVA SCOTIA | $192,053 | $190,925 |
| BAXTER | $156,346 | $171,090 |
| BERRY GLOBAL | $123,597 | $132,229 |
| BIOGEN INC | $130,547 | $131,819 |
| BOEING COMPANY 2 | $89,672 | $87,106 |
| BROADCOM CORP | $79,227 | $81,189 |
| BUNGE LIMITED | $113,327 | $114,113 |
| CANADIAN IMPERIAL BANK | $275,216 | $278,338 |
| CANADIAN PACIFIC | $168,506 | $162,628 |
| CAPITAL ONE | $194,735 | $183,750 |
| CIGNA CORP | $164,216 | $159,658 |
| CITIGROUP | $332,446 | $289,151 |
| COMCAST CORP | $171,549 | $175,449 |
| CROWN CASTLE | $126,712 | $111,449 |
| CSX CORP | $196,075 | $177,755 |
| CVS HEALTH CORP | $164,257 | $169,535 |
| DELL INTERNATIONAL LLC | $138,336 | $141,644 |
| DEUTSCHE BANK | $136,428 | $136,221 |
| DIGITAL REALTY | $163,830 | $166,620 |
| DISCOVER FINANCIAL | $77,323 | $70,872 |
| DUKE ENERGY CORP | $324,841 | $317,077 |
| EBAY | $177,427 | $187,973 |
| ELECTRONIC ARTS INC | $151,279 | $155,788 |
| ENTERGY CORP | $128,568 | $134,695 |
| ENTERPRISE PRODUCTS | $144,147 | $144,368 |
| FORTIVE CORP | $130,453 | $134,055 |
| FOX CORP | $156,979 | $163,379 |
| GENERAL MOTORS | $124,987 | $114,940 |
| GLOBAL PAYMENTS INC | $274,931 | $276,892 |
| HEWLETT PACKARD | $179,581 | $156,593 |
| HOME DEPOT INC | $245,716 | $250,739 |
| HUMANA | $163,708 | $160,781 |
| ING GROEP | $221,663 | $226,639 |
| INTERNATIONAL BUSINESS MACHINE | $171,179 | $172,354 |
| JM SMUCKER CO | $116,541 | $115,687 |
| JOHN DEERE CAPITAL CORP | $277,301 | $284,218 |
| JPMORGAN CHASE | $280,000 | $271,317 |
| L3HARRIS TECH | $150,986 | $153,542 |
| LOWE'S COMPANIES | $82,328 | $84,853 |
| MARATHON PETROLEUM | $167,813 | $145,078 |
| MID-AMERICA | $190,416 | $199,848 |
| MITSUBISHI UFJ | $180,964 | $179,357 |
| MIZUHO FINANCIAL GROUP, INC | $177,574 | $176,008 |
| MORGAN STANLEY HYBRID | $267,497 | $287,559 |
| MPLX LP | $349,248 | $339,942 |
| NASDAQ INC | $164,048 | $157,109 |
| NEXTERA ENERGY CAPITAL | $337,408 | $322,064 |
| NORTHERN TRUST | $271,060 | $279,710 |
| NUTRIEN LTD | $75,897 | $77,957 |
| NXP BV | $159,600 | $163,993 |
| ORACLE CORPORATION | $184,932 | $185,093 |
| PEPSICO INC | $349,752 | $350,548 |
| PHILIP MORRIS | $154,646 | $159,587 |
| PNC FINANCIAL | $81,007 | $84,532 |
| PROCTER & GAMBLE | $214,652 | $208,528 |
| PROLOGIS, L.P. | $161,956 | $161,967 |
| PUBLIC STORAGE | $87,575 | $91,113 |
| REPUBLIC SERVICES INC | $158,171 | $162,529 |
| REYNOLDS AMERICAN | $174,592 | $156,934 |
| ROPER TECHNOLOGIES | $121,876 | $119,314 |
| ROYALTY PHARMA | $78,122 | $84,211 |
| SABINE PASS | $162,654 | $167,767 |
| SANTANDER UK | $260,896 | $254,502 |
| STRYKER CORP | $131,670 | $128,215 |
| SUMITOMO MITSUI | $224,045 | $242,634 |
| SYSCO CORP | $83,756 | $78,566 |
| T-MOBILE USA | $126,095 | $119,343 |
| TORONTO-DOMINION | $108,778 | $116,273 |
| TRANSCANADA PIPELINES | $186,484 | $191,412 |
| TRUIST FINANCIAL | $226,081 | $230,385 |
| U.S. BANCORP | $304,615 | $323,614 |
| UNITEDHEALTH GROUP INCORP | $284,432 | $278,445 |
| VERIZON COMMUNICATIONS | $95,647 | $86,696 |
| WALT DISNEY COMPANY | $204,039 | $201,640 |
| WASTE MANAGEMENT INC | $198,425 | $203,000 |
| WELLS FARGO | $175,113 | $159,784 |
| WELLS FARGO HYBRID | $138,075 | $145,214 |
| ZIMMER BIOMET | $140,026 | $146,780 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ANTERO MIDSTREAM | $1,306,865 | $2,425,008 |
| ASML HOLDINGS | $2,033,763 | $15,195,779 |
| JP MORGAN | $1,994,523 | $2,425,548 |
| MFO TWEEDY | $6,426,680 | $7,814,120 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (21 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FARALLON | AT COST | $22,988,589 | $22,988,589 |
| GMO EMERGING | AT COST | $6,579,365 | $4,904,068 |
| GOLDMAN SACHS INTERESTS | AT COST | $2,711,843 | $6,977,478 |
| GS #3 | AT COST | $48,135 | $48,744 |
| HORIZON ENERGY | AT COST | $603,208 | $652,818 |
| LORD ABBETT SD INCOME | AT COST | $685,241 | $616,359 |
| OEP #1 | AT COST | $247,948 | $247,948 |
| OEP #2 | AT COST | $2,894,133 | $2,894,133 |
| OEP #3 | AT COST | $14,406,991 | $14,406,991 |
| OEP #4 | AT COST | $17,330,143 | $17,330,143 |
| ONE EQUITY PARTNERS | AT COST | $5,433,022 | $5,433,022 |
| PEM HOLDING | AT COST | $1,571,696 | $72,409,395 |
| ROUNDTABLE #4 | AT COST | $640,762 | $640,762 |
| ROUNDTABLE #5 | AT COST | $603,046 | $603,046 |
| ROUNDTABLE #6 | AT COST | $955,225 | $955,225 |
| TINICUM #1 | AT COST | $31,585,392 | $31,585,392 |
| VINTAGE #1 | AT COST | $157,788 | $157,788 |
| VINTAGE #2 | AT COST | $2,015,189 | $3,027,217 |
| VN CAPITAL #1 | AT COST | $251,583 | $251,583 |
| VN CAPITAL #2 | AT COST | $1,651,265 | $1,651,265 |
| WHITEHALL ST. INT'L | AT COST | $1,501,612 | $5,108 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TIMING DIFFERENCE | Desc |
| Amt | $64,192 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER DEDUCTIONS - LP | $1,983,188 | $1,852,263 | $0 |
| NONDEDUCTIBLE EXPENSE - LP | $7,075 | $0 | $0 |
| MISC EXP - ALT. INVESTMENTS | $16,542 | $16,542 | $0 |
| CHARITABLE CONTRIBUTION - LP | $1,171 | $0 | $0 |
| STATE FILING FEES | $15 | $0 | $15 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ORDINARY INCOME - LP | $601,891 | $688,806 | $0 |
| OTHER INCOME - ALT. INVEST. | $193,951 | $193,951 | $0 |
| NET RENTS - LP | -$953 | -$953 | $0 |
| 1231 LOSS FROM LP | $0 | -$227 | $0 |
| OTHER INVESTMENT INCOME | $620 | $620 | $0 |
| OTHER INCOME - LP | $1,456,906 | $1,456,947 | $0 |
| STATE REFUND | $701,439 | $701,439 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RECOVERIES OF AMOUNTS TREATED AS QUALIFYING DISTRIBUTIONS | Desc |
| Amt | $1,250,000 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MNGMT FEES - ALT. INVEST. | $69,225 | $69,225 | $0 |
| MNGMT FEES - GS #2 | $55,700 | $55,700 | $0 |
| MNGMT FEES - JP MORGAN | $19,767 | $19,767 | $0 |
| INVST FEES - NORTH TR #1 | $19,316 | $19,316 | $0 |
| INVST FEES - GS #1 | $2,500 | $2,500 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES - LP | $57,978 | $57,978 | $0 |
| FOREIGN TAXES - ASML | $28,926 | $28,926 | $0 |
| FOREIGN TAXES - JP MORGAN | $10,884 | $10,884 | $0 |
| FOREIGN TAXES - GMO EMER. | $37,704 | $37,704 | $0 |
| FOREIGN TAXES - N. TR #1 | $19,882 | $19,882 | $0 |
| FEDERAL EXCISE TAX | $83,839 | $0 | $0 |