Civic Intelligence

Margaret L Wendt Foundations Holdings Inc

990 • Fiscal year 2018 • EIN 16-1479767

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 12, 2019

Organization ProfileN/A
111 Genesee Street No 304Buffalo, NY 14203

(716) 855-2146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.24x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

1016.93x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-131818%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-72%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$3,448,635

Down $8,996,012 (-72%) from 2017

Net Assets

Down

-$4,266,836

Down $10,001,012 (-174%) from 2017

Liabilities

Up

$7,715,471

Up $1,005,000 (+15%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$7,587

Down $417,659 (-98%) from 2017

Expenses

Up

$10,008,599

Up $9,659,775 (+2769%) from 2017

Net Income

Down

-$10,001,012

Down $10,077,434 (-13187%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $8,159,587Liabilities 2011: $3,606,581Net Assets 2011: $4,553,0062011Assets 2012: $8,654,405Liabilities 2012: $3,810,265Net Assets 2012: $4,844,1402012Assets 2013: $9,035,076Liabilities 2013: $3,894,659Net Assets 2013: $5,140,4172013Assets 2014: $9,503,537Liabilities 2014: $4,146,175Net Assets 2014: $5,357,3622014Assets 2015: $10,634,188Liabilities 2015: $5,143,479Net Assets 2015: $5,490,7092015Assets 2016: $11,348,625Liabilities 2016: $5,690,871Net Assets 2016: $5,657,7542016Assets 2017: $12,444,647Liabilities 2017: $6,710,471Net Assets 2017: $5,734,1762017Assets 2018: $3,448,635Liabilities 2018: $7,715,471Net Assets 2018: -$4,266,8362018Assets 2019: $4,421,825Liabilities 2019: $9,125,845Net Assets 2019: -$4,704,0202019Assets 2020: $4,790,782Liabilities 2020: $9,783,824Net Assets 2020: -$4,993,0422020Assets 2021: $4,748,915Liabilities 2021: $10,040,447Net Assets 2021: -$5,291,5322021Assets 2022: $4,754,865Liabilities 2022: $10,416,372Net Assets 2022: -$5,661,5072022Assets 2023: $4,622,618Liabilities 2023: $10,560,870Net Assets 2023: -$5,938,2522023Assets 2024: $15,672Liabilities 2024: $0Net Assets 2024: $15,6722024

Highlighted filing

2018

Assets$3,448,635
Liabilities$7,715,471
Net Assets-$4,266,836
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MRevenue 2011: $445,215Expenses 2011: $152,528Net Income 2011: $292,6872011Revenue 2012: $429,278Expenses 2012: $138,144Net Income 2012: $291,1342012Revenue 2013: $432,799Expenses 2013: $136,522Net Income 2013: $296,2772013Revenue 2014: $433,541Expenses 2014: $216,596Net Income 2014: $216,9452014Revenue 2015: $432,997Expenses 2015: $299,650Net Income 2015: $133,3472015Revenue 2016: $431,500Expenses 2016: $264,455Net Income 2016: $167,0452016Revenue 2017: $425,246Expenses 2017: $348,824Net Income 2017: $76,4222017Revenue 2018: $7,587Expenses 2018: $10,008,599Net Income 2018: -$10,001,0122018Revenue 2019: $6,125Expenses 2019: $443,309Net Income 2019: -$437,1842019Revenue 2020: $3,683Expenses 2020: $292,705Net Income 2020: -$289,0222020Revenue 2021: $5,391Expenses 2021: $303,881Net Income 2021: -$298,4902021Revenue 2022: $3,918Expenses 2022: $373,893Net Income 2022: -$369,9752022Revenue 2023: $3,753Expenses 2023: $280,498Net Income 2023: -$276,7452023Revenue 2024: $8,453,972Expenses 2024: $2,500,048Net Income 2024: $5,953,9242024

Highlighted filing

2018

Revenue$7,587
Expenses$10,008,599
Net Income-$10,001,012
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 12, 2019
Return Version
2018v3.1
Gross Receipts
$7,587
Mission and Program Overview

Mission

To take and hold any real or personal property, to sell or dispose of any such property, to collect income therefrom, and remit said income less expenditures to the margaret l. Wendt foundation, a related 501(c)(3) entity (private foundation).

The exclusive purpose for which the corporation was formed is to take and hold by bequest, devise, gift, grant, purchase, lease or otherwise any real or personal property, to sell, convey, lease or otherwise dispose of any such property, to collect income therefrom, and remit said income less expenditures to the margaret l. Wendt foundation, a related 501(c)(3) entity (private foundation).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,376,787$2,582,433▲ $205,646
Cash and Non-Interest-Bearing Accounts$64,003$963▼ $63,040
Total Assets$12,444,647$3,448,635▼ $8,996,012
Other Assets Total$10,003,857$865,239▼ $9,138,618
Liabilities
Other Liabilities$6,710,471$7,715,471▲ $1,005,000
Total Liabilities$6,710,471$7,715,471▲ $1,005,000
Net Assets / Fund Balance
Unrestricted Net Assets$5,734,176$-4,266,836▼ $10,001,012
Total Net Assets Fund Balance$5,734,176$-4,266,836▼ $10,001,012
Total Liabilities and Net Assets / Fund Balance$12,444,647$3,448,635▼ $8,996,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,263,382$225,947$1,489,329
Leasehold Improvements$541,589$438,862$980,451
Other Land Buildings$861$748,590$749,451
Equipment$102,156$641,515$743,671
Land$674,445-$674,445
Other Assets Org$865,239--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Janet L DayTrustee
Thomas D LuntTrustee
Claire Kresse WhiteTrustee as of 9/1/18
Robert KresseTrustee Through 8/31/18
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$18
Other Revenue
$7,569
Change in Net Assets
$-10,001,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,008,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$137,405
Fees for Services Legal---$51,030
Other Expenses---$5,346
Total Functional Expenses$0$0$0$10,008,599
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Foundation$7,713,462
Due to Grove Street Holdings$2,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is a membership corporation under new york state not for profit corporation law. The margaret l. Wendt foundation is the sole member.”

Form 990, Part VI, Section A, Line 7A

“The organization's sole member, the margaret l. Wendt foundation, has the power to appoint the members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Management and members of the governing body review a draft copy of form 990 for completeness and accuracy. Once the draft is approved, the returns are finalized, signed by an authorized officer, and sent to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually by the trustees to ensure compliance. All trustees sign the conflict of interest policy each year.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Margaret L Wendt
EIN
16-1479767
Phone
7168552146
Address
111 GENESEE STREET NO 304, BUFFALO, NY 14203

Signing Officer

Name
Janet L Day
Title
Trustee
Phone
7168552146
Signed
2019-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet L Day
Formed
1995
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Chiampou Travis Besaw & Kershner Llp
Address
45 BRYANT WOODS NORTH, AMHERST, NY 14228
Preparer
Robert J Travis
Phone
7166302400
Raw XML Appendix345 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0THE EXCLUSIVE PURPOSE FOR WHICH THE CORPORATION WAS FORMED IS TO TAKE AND HOLD BY BEQUEST, DEVISE, GIFT, GRANT, PURCHASE, LEASE OR OTHERWISE ANY REAL OR PERSONAL PROPERTY, TO SELL, CONVEY, LEASE OR OTHERWISE DISPOSE OF ANY SUCH PROPERTY, TO COLLECT INCOME THEREFROM, AND REMIT SAID INCOME LESS EXPENDITURES TO THE MARGARET L. WENDT FOUNDATION, A RELATED 501(C)(3) ENTITY (PRIVATE FOUNDATION).
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
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IRS990/MissionDesc0TO TAKE AND HOLD ANY REAL OR PERSONAL PROPERTY, TO SELL OR DISPOSE OF ANY SUCH PROPERTY, TO COLLECT INCOME THEREFROM, AND REMIT SAID INCOME LESS EXPENDITURES TO THE MARGARET L. WENDT FOUNDATION, A RELATED 501(C)(3) ENTITY (PRIVATE FOUNDATION).
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IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MEMBERSHIP CORPORATION UNDER NEW YORK STATE NOT FOR PROFIT CORPORATION LAW. THE MARGARET L. WENDT FOUNDATION IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S SOLE MEMBER, THE MARGARET L. WENDT FOUNDATION, HAS THE POWER TO APPOINT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT AND MEMBERS OF THE GOVERNING BODY REVIEW A DRAFT COPY OF FORM 990 FOR COMPLETENESS AND ACCURACY. ONCE THE DRAFT IS APPROVED, THE RETURNS ARE FINALIZED, SIGNED BY AN AUTHORIZED OFFICER, AND SENT TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE TRUSTEES TO ENSURE COMPLIANCE. ALL TRUSTEES SIGN THE CONFLICT OF INTEREST POLICY EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014203
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt07713462
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt110545524
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE MARGARET L WENDT FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1GROVE STREET HOLDINGS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012444647
IRS990/TotalAssetsEOYAmt03448635
IRS990/TotalAssetsGrp/BOYAmt012444647
IRS990/TotalAssetsGrp/EOYAmt03448635
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt010008599
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06710471
IRS990/TotalLiabilitiesEOYAmt07715471
IRS990/TotalLiabilitiesGrp/BOYAmt06710471
IRS990/TotalLiabilitiesGrp/EOYAmt07715471
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05734176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4266836
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt018
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07569
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07587
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012444647
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03448635
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05734176
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4266836
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014203
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET L DAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07168552146
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-12
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0MARG
ReturnHeader/Filer/EIN0161479767
ReturnHeader/Filer/PhoneNum07168552146
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03CAB4B20C9077208CE704FCC9099C88110051BC5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.45.217.66
ReturnHeader/FilingSecurityInformation/IPDt02019-06-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:56:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161468002
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHIAMPOU TRAVIS BESAW & KERSHNER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt045 BRYANT WOODS NORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMHERST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014228
ReturnHeader/PreparerPersonGrp/PhoneNum07166302400
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J TRAVIS
ReturnHeader/ReturnTs02019-06-13T13:29:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,448,635
Liabilities
$7,715,471
Net assets
-$4,266,836
Revenue
$7,587
Expenses
$10,008,599
Net income
-$10,001,012
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$8.45$2.50$5.95
2023Detailed filing. Detailed filing data is available for this year.$4.62$10.6$5.94$0.00$0.28$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.75$10.4$5.66$0.00$0.37$0.37
2021Detailed filing. Detailed filing data is available for this year.$4.75$10.0$5.29$0.01$0.30$0.30
2020Detailed filing. Detailed filing data is available for this year.$4.79$9.78$4.99$0.00$0.29$0.29
2019Detailed filing. Detailed filing data is available for this year.$4.42$9.13$4.70$0.01$0.44$0.44
2018Detailed filing. Detailed filing data is available for this year.$3.45$7.72$4.27$0.01$10.0$10.0
2017Detailed filing. Detailed filing data is available for this year.$12.4$6.71$5.73$0.43$0.35$0.08
2016Detailed filing. Detailed filing data is available for this year.$11.3$5.69$5.66$0.43$0.26$0.17
2015Detailed filing. Detailed filing data is available for this year.$10.6$5.14$5.49$0.43$0.30$0.13
2014Summary only. Only limited summary data is available for this year.$9.50$4.15$5.36$0.43$0.22$0.22
2013Summary only. Only limited summary data is available for this year.$9.04$3.89$5.14$0.43$0.14$0.30
2012Summary only. Only limited summary data is available for this year.$8.65$3.81$4.84$0.43$0.14$0.29
2011Summary only. Only limited summary data is available for this year.$8.16$3.61$4.55$0.45$0.15$0.29