Civic Intelligence

Basic Resources Inc Employee Benefits Trust

990 • Fiscal year 2011 • EIN 23-7408503

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 15, 2012

Organization Profile
P O Box 319195353-3191
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2011 filings • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

3rd percentile

-36%

Faster asset growth than 3% of similar nonprofits.

2011 filings • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$1,269,815

Down $715,910 (-36%) from 2010

Net Assets

Down

$1,265,085

Down $718,337 (-36%) from 2010

Liabilities

Up

$4,730

Up $2,427 (+105%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,999,317

Up $552,023 (+16%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,985,725Liabilities 2010: $2,303Net Assets 2010: $1,983,4222010Assets 2011: $1,269,815Liabilities 2011: $4,730Net Assets 2011: $1,265,0852011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2011

Assets$1,269,815
Liabilities$4,730
Net Assets$1,265,085
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $3,447,2942010Expenses 2011: $3,999,3172011Expenses 2012: $1,301,1562012

Highlighted filing

2011

Revenue-
Expenses$3,999,317
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 15, 2012
Return Version
2011v1.2
Gross Receipts
$3,337,933
Mission and Program Overview

Major Activities

Activity 2
Provided life insurance benefits to employees, spouses of employees, and dependents of employees, as applicable.
Activity 3
Provided long term disability benefits to employees, spouses of employees, and dependents of employees, as applicable.
Filing and Contact Details

Filer

EIN
23-7408503
Raw XML Appendix309 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/AccountsReceivable/EOY0376725
IRS990/ActivitiesConductedPartnership00
IRS990/Activity2/Description0PROVIDED LIFE INSURANCE BENEFITS TO EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES, AS APPLICABLE.
IRS990/Activity2/Expense0134721
IRS990/Activity3/Description0PROVIDED LONG TERM DISABILITY BENEFITS TO EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES, AS APPLICABLE.
IRS990/Activity3/Expense026143
IRS990/ActivityOrMissionDescription0PROVIDE HEALTH, DISABILITY AND LIFE INSURANCE BENEFITS TO EMPLOYEES AND FAMILY MEMBERS.
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IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
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IRS990/OtherExpenses/Description0CALIFORNIA SECRETARY OF
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IRS990/OtherExpenses/Total010
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IRS990ScheduleO/GeneralExplanation/Explanation0THE FOLLOWING TRUSTEES ARE, OR WERE DURING THE PLAN YEAR, OFFICERS OR KEY EMPLOYEES OF A COMMON BUSINESS ORGANIZATION (BASIC RESOURCES, INC.): WENDELL G. REED - CHAIRMAN OF THE BOARD JEFFREY REED - PRESIDENT JOHN SHODEN - TREASURER THE FOLLOWING TRUSTEES ARE RELATED AS FATHER / SON: WENDELL G. REED - FATHER JEFFREY REED - SON
IRS990ScheduleO/GeneralExplanation/Explanation1FORM 990 AND ALL APPLICABLE SCHEDULES AND STATEMENTS, HEREAFTER REFERRED TO COLLECTIVELY AS "FORM 990", ARE PROVIDED TO JOHN SHODEN, TRUSTEE. JOHN SHODEN REVIEWS FORM 990 FOR ACCURACY AND COMPLETENESS. JOHN SHODEN MAKES FORM 990 AVAILABLE FOR REVIEW BY THE REMAINING TRUSTEES. ANY QUESTIONS ARISING FROM THE TRUSTEE'S REVIEWS ARE ADDRESSED AND/OR RESOLVED, AS APPLICABLE, PRIOR TO FILING FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT ITS OFFICE. THE ORGANIZATION WILL MAKE AVAILABLE THROUGH ELECTRONIC MEANS SUCH DOCUMENTS UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3NET UNREALIZED LOSSES ON INVESTMENTS: -56,953.
IRS990ScheduleO/GeneralExplanation/Explanation4THE TRUST HAD NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2(C):
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ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0237408503
ReturnHeader/Filer/Name/BusinessNameLine10BASIC RESOURCES INC EMPLOYEE BENEFITS TRUST
ReturnHeader/Filer/NameControl0BASI
ReturnHeader/Filer/Phone02095219771
ReturnHeader/Filer/USAddress/AddressLine10P O BOX 3191
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ReturnHeader/Filer/USAddress/ZIPCode0953533191
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02012-11-15
ReturnHeader/Officer/Name0JEFFREY R REED
ReturnHeader/Officer/Phone02095219771
ReturnHeader/Officer/Title0TRUSTEE
ReturnHeader/PreparerFirm/EIN0942147510
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10GALLINA LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine102870 GOLD TAILINGS COURT
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0RANCHO CORDOVA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0CA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0956706169
ReturnHeader/Preparer/Name0JACK R BOSLEY
ReturnHeader/Preparer/Phone09166381188
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-11-15T16:27:21-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,269,815
Liabilities
$4,730
Net assets
$1,265,085
Revenue
-
Expenses
$3,999,317
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$4.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.00$1.98$3.45