Civic Intelligence

Western Loop 101 Public Facilities Corporation

EIN 26-3585328 • 501(c)4

Profile

Financing construction of public facilities

5850 West Glendale Avenue85301

www.glendaleaz.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2014

Top Officer Pay

45th percentile

$220,465

Higher top officer pay than 45% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2014

Asset Growth

7th percentile

-31%

Faster asset growth than 7% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$51,406,000

Down $22,711,000 (-31%) from 2013

Liabilities

Down

$51,308,000

Down $22,711,000 (-31%) from 2013

Net Assets

Flat

$98,000

Flat from 2013

Revenue

$0

No earlier filing loaded for comparison.

Expenses

Down

$0

Down $10,214,000 (-100%) from 2013

Net Income

$0

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $243,676,000Liabilities 2010: $210,852,000Net Assets 2010: $32,824,0002010Assets 2011: $296,372,000Liabilities 2011: $273,711,000Net Assets 2011: $22,661,0002011Assets 2012: $287,280,000Liabilities 2012: $277,026,000Net Assets 2012: $10,254,0002012Assets 2013: $74,117,000Liabilities 2013: $74,019,000Net Assets 2013: $98,0002013Assets 2014: $51,406,000Liabilities 2014: $51,308,000Net Assets 2014: $98,0002014

Highlighted filing

2014

Assets$51,406,000
Liabilities$51,308,000
Net Assets$98,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $25,115,0002010Expenses 2011: $13,605,0002011Expenses 2012: $13,050,0002012Expenses 2013: $10,214,0002013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014

Highlighted filing

2014

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 5, 2015
Return Version
2013v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Financing construction of public facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$74,019,000$51,308,000▼ $22,711,000
Savings and Temporary Cash Investments$98,000$98,000→ $0
Rtn Earn Endowment Incm Other Fnds$98,000$98,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$74,117,000$51,406,000▼ $22,711,000
Liabilities
Deferred Revenue$74,019,000$51,308,000▼ $22,711,000
Total Liabilities$74,019,000$51,308,000▼ $22,711,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$98,000$98,000→ $0
Total Liabilities and Net Assets / Fund Balance$74,117,000$51,406,000▼ $22,711,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Brenda FischerMember / City Manager$206,711$13,754$220,465

Board Members and Trustees

NameTitle
Steve HardenMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

The city of glendale's council appoints the members of the governing body of the organization.

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

Decisions of the organization are subject to approval by the city of glendale's council.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the city of glendale's director of finance & technology and the board president before filing.

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

Members shall comply with the law and rules with respect to all actual or potential conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization's financial statements are available on the city of glendale's website.

Filing and Contact Details

Filer

EIN
26-3585328
Phone
6239302480

Signing Officer

Name
Richard a Bowers
Title
President
Phone
6239302480
Signed
2015-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard a Bowers
Formed
2007
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Preparer
Scott Bromley
Phone
6022662248
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1: OTHER ACCOUNTING METHOD

MODIFIED ACCRUAL.

Financial Statement Notes

PART X, LINE 2:

N/A

Raw XML Appendix314 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.

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IRS990/Desc0THE WESTERN LOOP 101 PUBLIC FACILIITES CORPORATION ASSISTS IN FINANCING MAJOR LEAGUE BASEBALL TRAINING FACILIITIES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990ProvidedToGvrnBodyInd00
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IRS990/GrantsToIndividualsInd00
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IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndependentVotingMemberCnt01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt098000
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IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
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IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt010214000
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt058000
IRS990/PYRevenuesLessExpensesAmt0-10156000
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt010214000
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt058000
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt098000
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt098000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt098000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0220465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CITY OF GLENDALE'S COUNCIL APPOINTS THE MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE CITY OF GLENDALE'S COUNCIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE CITY OF GLENDALE'S DIRECTOR OF FINANCE & TECHNOLOGY AND THE BOARD PRESIDENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS SHALL COMPLY WITH THE LAW AND RULES WITH RESPECT TO ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE CITY OF GLENDALE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MODIFIED ACCRUAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1: OTHER ACCOUNTING METHOD
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATE MUNICIPALITY
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ReturnHeader/BuildTS02016-03-07 17:11:31Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD A BOWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06239302480
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10WESTERN LOOP 101 PUBLIC FACILITIES CORP
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0263585328
ReturnHeader/Filer/PhoneNum06239302480
ReturnHeader/Filer/USAddress/AddressLine105850 WEST GLENDALE AVENUE
ReturnHeader/Filer/USAddress/City0GLENDALE
ReturnHeader/Filer/USAddress/State0AZ
ReturnHeader/Filer/USAddress/ZIPCode085301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1020 E THOMAS RD STE 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PHOENIX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode085012
ReturnHeader/PreparerPersonGrp/PhoneNum06022662248
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT BROMLEY
ReturnHeader/ReturnTs02015-05-08T17:54:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • $50M-$100M nonprofits