2024-10-09T13:05:43-05:00 2023-12-31 990 2023-01-01 320186585 AGNES SMITH MCDOWELL TRUST 103 COURT STREET % JOHN R W Arnold AGNE 8594894832 103 Court Street CYNTHIANA KY 41031 JOHN R W ARNOLD Trustee 8594894832 2024-10-09 false 2023 2024-10-15 13:58:12Z 103 COURT STREET JOHN R ARNOLD 103 Court Street CYNTHIANA KY 41031 794373 false X n/a X 2006 KY FUNDS SHOULD BE UTILIZED FOR THE BENEFIT MAINTENANCE AND IMPROVEMENT OF VOAG CLASSES TAUGHT AT HARRISON CO HIGH SCHOOL 1 1 0 0 0 193647 192785 54286 29927 13290 9565 261223 232277 25000 30000 0 57016 28833 0 0 182526 240935 264542 299768 -3319 -67491 5307081 6778738 0 5307081 6778738 AGNES MCDOWELL'S FARM WAS SUBDIVIDED INTO FIVE SEPARATE FARMS TO BE USED TO DEVELOP INNOVATIVE FARMING TECHNIQUES BY LOCAL "YOUNG FARMERS" false false 30000 The purpose of the Trust was set forth by the will of Agnes McDowell & directed that improvements and expenses to the farm be done with the profits made from farm crops. A portion remaining is allocated to Harrison County Board of Ed for the Vo-Ed classes. This year $30,000 was given for the high school classes which included implementation of AG classes being taught in the middle schools grades (6-8). The allocation also assisted students with trips, fees, on-site farming, computer software and more. 253406 232277 The farm land left by the will of Agnes McDowell has been divided into five tracts and seven young local farmers are using the land for corn, soybeans, tobacco, hay, and cattle for themselves. The trust has a landlord/tenant relationship in which these farmers may farm for a period of 8 years and the Trust pays a portion of the expenses in return for a percentage of the profits.The farm did trade 115.95 acres of farm land to set up solar panels in exchange for 360.474 acres adjoining McDowell. Once clearing timber (producing income), the land will provide the Trust the opportunity to offer another tract to a young farmer in the community. 253406 true false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 false 0 true true false false false false false false false false X 1 1 false false false false false false false false false false false true true false false false false false false false KY X JOHN R ARNOLD 8594894832 103 COURT STREET CYNTHIANA KY 41031 JOHN R ARNOLD Trustee 15.00 X 40275 0 0 40275 1 false false false crop proceed 111000 128056 128056 cattle proceeds 110000 52007 52007 admin support proceeds 561000 12722 12722 192785 86331 86331 12025 2460 9565 9565 503232 559636 -56404 -56404 0 232277 192785 86331 X 30000 30000 28833 14417 14416 5803 2901 2902 2433 1212 1221 5820 5820 22003 22003 33430 33430 21875 21875 CONTRACT LABOR 19441 19441 SUPPLIES 24731 24731 REPAIRS & MAINTENANCE 23016 23016 CORN 8402 8402 73981 73981 299768 253406 46362 0 23729 41374 75005 11502 5561962 610057 3387328 4951905 1821019 1773957 5307081 6778738 0 0 X 5307081 6778738 5307081 6778738 5307081 6778738 -67491 X false false false X X 1 HARRISON COUNTY BD OF ED 616001267 6 true 25000 0 1 25000 0 true false false false false false false false false false false false false false false true true false false X false false false false Part I The Trust contributes funds to the Harrison Co Bd of Ed to help maintain & improve the AG ED Dept in Harrison County Schools false false false false false false false 1844035 2795478 4639513 17376 254955 208180 64151 18189 2587 15602 300635 203209 97426 385 330909 196081 135213 4951905 false 0 0 Part VI Line 11b THE TRUSTEE WILL REVIEW PRIOR TO SUBMISSION Part VI Line 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST Part IX Line 24e Total expenses - $73981.00 Program service expenses - $73981.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part I Line 1 The Trust contributes funds to the Harrison Co Bd of Education to part 1 line1 help maintain &improve the Ag Ed Department in the school district PartIV SecELineC Agnes McDowell Trust contributes funds to Harrison Co Bd of Ed for partIv line c it's agricultural classes. Part VI Line 11b Form 990 is provided to Trustee for review before signature & partVI line 11b filing to IRS Part VI Line 1b Governing documents,conflict of interest policy & financial partYV line 1b statements are availabe upon written request to the public Part IX Line 24e All Other Functional Expenses Feed line24e 1,055 Fertilizer ine24e 26,572 Soybeans line24e 14,766 Tobacco line24e 1,050 Admin/Miscline24e 10,321 Mowing line24e 40 Fuel line24e 11,006 Hay line24r 4,535 Vet line24e 752 Utilities line24e 3,246 Chemicals linr24e 8,346 Taxes line24e 538 Total Line24f 74,981 Part IV Line 11b The document will be reviewed by thr Trustee prior to e-filing and part iv line11b for review before filing with the IRS. Part VI Line 19 There have been no conflicts of interests. All documents are made part vi line19 available Part IX Line 24e See Schedule D Total Expenses ProgramExpense, Mgmt and general exp,