Form 990-T - Exempt Organization Business Income Tax Return - 2015 Page 5
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132015
FEDERAL STATEMENTS
PAGE 1
CLIENT 96011
ABILENE CHRISTIAN UNIVERSITY
75-0851900
3/17/17
12:53AM
STATEMENT 1
FORM 990-T, PART I, LINE 5
INCOME (LOSS) FROM PARTNERSHIPS AND S CORPORATIONS
GROSS
INCOME
NAME
INCOME
DEDUCTIONS
(LOSS)
UBIT FROM K-1'S - SEE FORM 8810
$
304,242. $ 1,585,363. $ -1,281,121.
DISALLOWED PASSIVE LOSS - FORM 8810
0.
-1215516.
1,215,516.
TOTAL $
-65,605.
STATEMENT 2
FORM 990-T, PART I, LINE 12
OTHER INCOME
OTHER INVESTMENT INCOME
$
14,589.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TOTAL $
14,589.
STATEMENT 3
FORM 990-T, PART II, LINE 28
OTHER DEDUCTIONS
OIL & GAS WORKING INTEREST EXPENSES
$
4,422.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OPERATING EXPENSES - PURA VIDA
212,554.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OPERATING EXPENSES - CAMPUS STORE
15,635.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TOTAL $
232,611.
STATEMENT 4
FORM 990-T, PART II, LINE 31
NET OPERATING LOSS DEDUCTION
LOSS
LOSS YEAR
ORIGINAL
PREVIOUSLY
LOSS
ENDING
LOSS
USED
AVAILABLE
5/31/11
$
174,228. $
0. $
174,228.
5/31/15
73,974.
0.
73,974.
NET OPERATING LOSS AVAILABLE
$
248,202.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TAXABLE INCOME
$
-49,326.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NET OPERATING LOSS DEDUCTION (LIMITED TO TAXABLE INCOME)
$
0.
. . . . . . . . . . . . . . . . . . . . . . . .
STATEMENT 5
FORM 990-T, SCHEDULE C, LINE 3
DEDUCTIONS DIRECTLY CONNECTED WITH INCOME
HWC CONFERENCE ROOMS
OTHER OPERATING
$
90,501.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TOTAL $
90,501.
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