Civic Intelligence

Wp Tulsa LLC

990 • Fiscal year 2014 • EIN 20-3964296

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileNONE
360 E SECOND ST ste 600SuiteLos Angeles, CA 90012

(213) 978-4545

Siviq Scores

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

Liabilities / Assets

58th percentile

0.35x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

6.92x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2014

Net Margin

55th percentile

61%

Higher net margin than 55% of similar nonprofits.

2014 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2014 filings • $25M-$50M nonprofits • Source year 2014

Asset Growth

98th percentile

34%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

55%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$33,742,653

Up $8,641,851 (+34%) from 2013

Net Assets

Up

$22,039,084

Up $8,121,511 (+58%) from 2013

Liabilities

Up

$11,703,569

Up $520,340 (+4.7%) from 2013

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin55th percentile

Revenue

Up

$1,691,912

Up $596,931 (+55%) from 2013

Expenses

Up

$653,580

Up $11,250 (+1.8%) from 2013

Net Income

Up

$1,038,332

Up $585,681 (+129%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$40M$30M$20M$10M$0Assets 2010: $21,585,341Liabilities 2010: $10,610,406Net Assets 2010: $10,974,9352010Assets 2011: $22,735,727Liabilities 2011: $11,501,523Net Assets 2011: $11,234,2042011Assets 2012: $22,900,087Liabilities 2012: $11,464,869Net Assets 2012: $11,435,2182012Assets 2013: $25,100,802Liabilities 2013: $11,183,229Net Assets 2013: $13,917,5732013Assets 2014: $33,742,653Liabilities 2014: $11,703,569Net Assets 2014: $22,039,0842014Assets 2015: $35,474,657Liabilities 2015: $10,905,966Net Assets 2015: $24,568,6912015Assets 2016: $32,626,034Liabilities 2016: $204,746Net Assets 2016: $32,421,2882016Assets 2017: $26,954,434Liabilities 2017: $464,205Net Assets 2017: $26,490,2292017Assets 2018: $23,525,080Liabilities 2018: $368,675Net Assets 2018: $23,156,4052018Assets 2019: $37,126,959Liabilities 2019: $9,115,487Net Assets 2019: $28,011,4722019Assets 2020: $37,511,535Liabilities 2020: $14,155,310Net Assets 2020: $23,356,2252020Assets 2021: $37,842,630Liabilities 2021: $9,443,062Net Assets 2021: $28,399,5682021

Highlighted filing

2014

Assets$33,742,653
Liabilities$11,703,569
Net Assets$22,039,084
Open 2014 Filing

Operations Trend

Revenue Growth85th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2010: $1,801,689Expenses 2010: $632,430Net Income 2010: $1,169,2592010Revenue 2011: $1,312,546Expenses 2011: $630,180Net Income 2011: $682,3662011Revenue 2012: $1,076,016Expenses 2012: $638,430Net Income 2012: $437,5862012Revenue 2013: $1,094,981Expenses 2013: $642,330Net Income 2013: $452,6512013Revenue 2014: $1,691,912Expenses 2014: $653,580Net Income 2014: $1,038,3322014Revenue 2015: $1,889,056Expenses 2015: $677,730Net Income 2015: $1,211,3262015Revenue 2016: $2,237,983Expenses 2016: $214,291Net Income 2016: $2,023,6922016Revenue 2017: $4,284,442Expenses 2017: $1,238,353Net Income 2017: $3,046,0892017Revenue 2018: $2,806,515Expenses 2018: $647,437Net Income 2018: $2,159,0782018Revenue 2019: $2,827,126Expenses 2019: $632,668Net Income 2019: $2,194,4582019Revenue 2020: $2,824,326Expenses 2020: $761,632Net Income 2020: $2,062,6942020Revenue 2021: $3,048,257Expenses 2021: $706,855Net Income 2021: $2,341,4022021

Highlighted filing

2014

Revenue$1,691,912
Expenses$653,580
Net Income$1,038,332
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,691,912
Mission and Program Overview

Mission

Hold title to real estate investments of a public employee retirement plan and collect and distribute income from these investments to the employee retirement plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,900,001$33,500,000▲ $8,599,999
Cap Stk Tr Prin Current Funds$17,417,292$19,306,237▲ $1,888,945
Rtn Earn Endowment Incm Other Fnds$-3,499,719$2,732,847▲ $6,232,566
Accounts Receivable$92,190$155,608▲ $63,418
Cash and Non-Interest-Bearing Accounts$102,837$81,512▼ $21,325
Prepaid Expenses and Deferred Charges$5,774$5,533▼ $241
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$25,100,802$33,742,653▲ $8,641,851
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,082,000$10,990,000▼ $92,000
Accounts Payable and Accrued Expenses$95,072$707,412▲ $612,340
Other Liabilities$6,157$6,157→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,183,229$11,703,569▲ $520,340
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,917,573$22,039,084▲ $8,121,511
Total Liabilities and Net Assets / Fund Balance$25,100,802$33,742,653▲ $8,641,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,500,000--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
raymond p cirannaPresident
Jim ProudVice-president/asst Secretary
Paul RezentsVice-president/asst Secretary
Paul PalmerVice-president/CFO
Tom LopezVice-president/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Ucr Asset ServicesPrpty Mgmt & Leasing8080 Park Ln Ste 800, Dallas, TX 75231$227,559
Price Edwards CoProperty Management210 PARK AVE STE 1000, Oklahoma City, OK 73102$153,222
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,691,868
Investment Income
$44
Other Revenue
$0
Change in Net Assets
$1,038,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$653,580
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
Interest---$573,480
Fees for Service Investment Mgmnt Fees---$80,100
Total Functional Expenses$0$0$0$653,580
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$6,157
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

PART VI, LINE 3:

“DAY-TO-DAY OPERATIONS OF INVESTMENT PROPERTY IS OVERSEEN BY THE property manager, UCR ASSET SERVICES and the investment manager, HEITMAN, LLC manages the investment. THE INVESTMENT MANAGER IS COMPENSATED FOR THIS SERVICE BY THE SOLE SHAREHOLDER AND THIS IS TREATED AS A CAPITAL CONTRIBUTION BY THE ORGANIZATION. PART VI, LINE 6: SOLE SHAREHOLDER OF THE ORGANIZATION IS THE CITY OF LOS ANGELES FIRE AND POLICE PENSION PLAN. THE ORGANIZATION IS INCLUDED IN THE JUNE 30, 2013 AND 2014 AUDITED FINANCIAL STATEMENTS OF ITS SOLE SHAREHOLDER. PART VI, LINE 8B: THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, LINE 11: THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND PROVIDED TO ITS OFFICERS FOR REVIEW AND FILING. PART VI, LINE 19: HARD COPIES OF DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE ADDRESSEE'S LOCATION. PART XI, LINE 9: THIS REPRESENTS NET capital contributions FROM the sole shareholder DURING THE YEAR.”

Filing and Contact Details

Filer

Filer Name
Wp Tulsa LLC
EIN
20-3964296
In Care Of
% TOM LOPEZ
Phone
2139784545
Address
360 E SECOND ST ste 600, Suite, LOS ANGELES, CA 90012

Signing Officer

Name
tom lopez
Title
vice president
Phone
2139784545
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Lopez
Formed
2005
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
44 MONTGOMERY ST STE 3701, SAN FRANCISCO, CA 94104-4831
Preparer
Miller Kaplan Arase Llp
Phone
2139784545
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The plan evaluates tax positions taken in the course of preparing the plan's tax returns to determine whether tax positions are "more likely than not" of being sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more likely than not threshold would be recorded as a tax expense in the current year. For the years ended june 30, 2014 and 2013, there have been no uncertain tax positions and no income tax expense has been recorded in the combined financial statements. Open tax years under the applicable statutory limitations for federal and all state jurisdictions applicable to the plan include tax years ended june 30, 2011, 2012, 2013 and 2014.”

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN EVALUATES TAX POSITIONS TAKEN IN THE COURSE OF PREPARING THE PLAN'S TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX BENEFITS OF POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, THERE HAVE BEEN NO UNCERTAIN TAX POSITIONS AND NO INCOME TAX EXPENSE HAS BEEN RECORDED IN THE COMBINED FINANCIAL STATEMENTS. OPEN TAX YEARS UNDER THE APPLICABLE STATUTORY LIMITATIONS FOR FEDERAL AND ALL STATE JURISDICTIONS APPLICABLE TO THE PLAN INCLUDE TAX YEARS ENDED JUNE 30, 2011, 2012, 2013 AND 2014.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY-TO-DAY OPERATIONS OF INVESTMENT PROPERTY IS OVERSEEN BY THE property manager, UCR ASSET SERVICES and the investment manager, HEITMAN, LLC manages the investment. THE INVESTMENT MANAGER IS COMPENSATED FOR THIS SERVICE BY THE SOLE SHAREHOLDER AND THIS IS TREATED AS A CAPITAL CONTRIBUTION BY THE ORGANIZATION. PART VI, LINE 6: SOLE SHAREHOLDER OF THE ORGANIZATION IS THE CITY OF LOS ANGELES FIRE AND POLICE PENSION PLAN. THE ORGANIZATION IS INCLUDED IN THE JUNE 30, 2013 AND 2014 AUDITED FINANCIAL STATEMENTS OF ITS SOLE SHAREHOLDER. PART VI, LINE 8B: THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, LINE 11: THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND PROVIDED TO ITS OFFICERS FOR REVIEW AND FILING. PART VI, LINE 19: HARD COPIES OF DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE ADDRESSEE'S LOCATION. PART XI, LINE 9: THIS REPRESENTS NET capital contributions FROM the sole shareholder DURING THE YEAR.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF LA FIRE AND POLICE PENS PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PALM VALLEY PAVILIONS WEST CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2TWIN CREEKS VILLAGE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3121 WEST CHESTNUT ASSOCIATES INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5LAFP ORLANDO LLC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RETIRE. PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1INVST. PRPTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2INVST. PRPTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3INVST. PRPTY
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,742,653
Liabilities
$11,703,569
Net assets
$22,039,084
Revenue
$1,691,912
Expenses
$653,580
Net income
$1,038,332
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Summary only. Only limited summary data is available for this year.$37.8$9.44$28.4$3.05$0.71$2.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.5$14.2$23.4$2.82$0.76$2.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$9.12$28.0$2.83$0.63$2.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$0.37$23.2$2.81$0.65$2.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$0.46$26.5$4.28$1.24$3.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$0.20$32.4$2.24$0.21$2.02
2015Summary only. Only limited summary data is available for this year.$35.5$10.9$24.6$1.89$0.68$1.21
2014Detailed filing. Detailed filing data is available for this year.$33.7$11.7$22.0$1.69$0.65$1.04
2013Summary only. Only limited summary data is available for this year.$25.1$11.2$13.9$1.09$0.64$0.45
2012Summary only. Only limited summary data is available for this year.$22.9$11.5$11.4$1.08$0.64$0.44
2011Summary only. Only limited summary data is available for this year.$22.7$11.5$11.2$1.31$0.63$0.68
2010Summary only. Only limited summary data is available for this year.$21.6$10.6$11.0$1.80$0.63$1.17