Civic Intelligence

Lotus Lane Foundation Co Trey Denman

990 • Fiscal year 2016 • EIN 27-0077686

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
736 Crown Colony DrLufkin, TX 75901

(936) 634-2529

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

98th percentile

268%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

1015%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,426,876

Up $1,039,018 (+268%) from 2015

Net Assets

Up

$1,426,876

Up $1,155,133 (+425%) from 2015

Liabilities

Down

$0

Down $116,115 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

Up

$1,139,076

Up $1,036,904 (+1015%) from 2015

Expenses

Down

$41,636

Down $111,830 (-73%) from 2015

Net Income

Up

$1,097,440

Up $1,148,734 (+2240%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $425,425Liabilities 2012: $64,176Net Assets 2012: $361,2492012Assets 2013: $360,657Liabilities 2013: $59,804Net Assets 2013: $300,8532013Assets 2014: $375,787Liabilities 2014: $52,750Net Assets 2014: $323,0372014Assets 2015: $387,858Liabilities 2015: $116,115Net Assets 2015: $271,7432015Assets 2016: $1,426,876Liabilities 2016: $0Net Assets 2016: $1,426,8762016Assets 2017: $927,097Liabilities 2017: $0Net Assets 2017: $927,0972017Assets 2018: $31,069Liabilities 2018: $0Net Assets 2018: $31,0692018Assets 2019: $30,896Liabilities 2019: $0Net Assets 2019: $30,8962019Assets 2020: $30,669Liabilities 2020: $0Net Assets 2020: $30,6692020

Highlighted filing

2016

Assets$1,426,876
Liabilities$0
Net Assets$1,426,876
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $119,2922012Revenue 2013: $75,023Expenses 2013: $135,419Net Income 2013: -$60,3962013Revenue 2014: $150,617Expenses 2014: $128,433Net Income 2014: $22,1842014Revenue 2015: $102,172Expenses 2015: $153,466Net Income 2015: -$51,2942015Revenue 2016: $1,139,076Expenses 2016: $41,636Net Income 2016: $1,097,4402016Revenue 2017: $1,421Expenses 2017: $501,200Net Income 2017: -$499,7792017Revenue 2018: $4,822Expenses 2018: $900,850Net Income 2018: -$896,0282018Revenue 2019: $177Expenses 2019: $350Net Income 2019: -$1732019Revenue 2020: $48Expenses 2020: $275Net Income 2020: -$2272020

Highlighted filing

2016

Revenue$1,139,076
Expenses$41,636
Net Income$1,097,440
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,651,538
Mission and Program Overview

Mission

Provided safe, clean, low income housing to the residents of angelina county, texas.

To provide safe, clean, low income housing to the residents of Angelina County, Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,572$1,426,876▲ $1,422,304
Land, Buildings, and Equipment, Net$244,171$0▼ $244,171
Prepaid Expenses and Deferred Charges$58,416$0▼ $58,416
Accounts Receivable$12,303$0▼ $12,303
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$387,858$1,426,876▲ $1,039,018
Other Assets Total$68,396$0▼ $68,396
Liabilities
Unsecured Notes Loans Payable$44,310--
Accounts Payable and Accrued Expenses$42,248--
Other Liabilities$28,321--
Deferred Revenue$1,236--
Total Liabilities$116,115$0▼ $116,115
Net Assets / Fund Balance
Unrestricted Net Assets$271,743$1,426,876▲ $1,155,133
Total Net Assets Fund Balance$271,743$1,426,876▲ $1,155,133
Total Liabilities and Net Assets / Fund Balance$387,858$1,426,876▲ $1,039,018

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,520$984,531$992,051
Leasehold Improvements$170,879$267,365$438,244
Equipment$26,748$181,733$208,481
Land$38,342-$38,342
Other Land Buildings$-243,489$-1,433,629$-1,677,118
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Joe Carter Denman IIIChairman
Bill RicksDirector
Bonnie DenmanDirector
Gale WassonDirector
James RiggsDirector
Jerry HuffmanDirector
Terry MorganDirector
Thomas MooreSecretary
Ray ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,537
Investment Income
$1,115,691
Other Revenue
$-4,152
Change in Net Assets
$1,097,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,070
Other Expenses$19,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$15,372-$15,372
Fees for Services Accounting-$9,406-$9,406
Payroll Taxes-$3,444-$3,444
Other Employee Benefits-$3,254-$3,254
Other Expenses-$1,500-$1,500
Insurance-$981-$981
Total Functional Expenses$0$41,636$0$41,636
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“A management fee of 10.44% of all gross revenues per month is paid to J. Allen Management Company.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed and approved by the Board of Directors prior to submission”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Organization does not proactively provide return to public.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Organization does not proactively provide such documentation to public.”

Filing and Contact Details

Filer

Filer Name
Lotus Lane Foundation
EIN
27-0077686
Phone
9366342529
Address
736 Crown Colony Dr, Lufkin, TX 75901

Signing Officer

Name
Joe Carter Denman III
Title
Chairman
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Axley & Rode LLP
Address
1307 S 1st St, Lufkin, TX 75901-4717
Preparer
Molly Abele CPA
Phone
9366346621
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

“During the year ended December 31, 2016, the Lotus Lane Foundation Charitable Trust sold the Lotus Lane Apartments and no longer provided low income housing and related services.”

Financial Statement Notes

Part X : FIN48 Footnote

“Professional standards require recognition, measurement, and disclosure of uncertain tax positions. The trust currently accounts for uncertain tax positions based on the estimated likelihood of assessment and has not determined that any tax positions require an accrual based on current standards of accounting.”

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0111507
IRS990/PYOtherRevenueAmt059687
IRS990/PYProgramServiceRevenueAmt042485
IRS990/PYRevenuesLessExpensesAmt0-51294
IRS990/PYSalariesCompEmpBnftPaidAmt041959
IRS990/PYTotalExpensesAmt0153466
IRS990/PYTotalRevenueAmt0102172
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01097440
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-4152
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0150495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0471391
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0489836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0473282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0473782
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02058786
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01043
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt089
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011061
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt029474
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041725
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98010
IRS990ScheduleA/PublicSupportPY509Pct00.96090
IRS990ScheduleA/PublicSupportTotal509Amt02058786
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0150495
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0471391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0489836
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0473282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0473782
IRS990ScheduleA/Total509Grp/TotalAmt02058786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0151538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0471480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0489894
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0484343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0503256
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02100511
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07520
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0984531
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0992051
IRS990ScheduleD/EquipmentGrp/BookValueAmt026748
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181733
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208481
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt038342
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038342
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0170879
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0267365
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0438244
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-243489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0-1433629
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0-1677118
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Professional standards require recognition, measurement, and disclosure of uncertain tax positions. The trust currently accounts for uncertain tax positions based on the estimated likelihood of assessment and has not determined that any tax positions require an accrual based on current standards of accounting.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Furniture, Fixtures and Equipment
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1Buildings & Improvements
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2Land
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0ZOE REALTY INVESTMENT GRP LLC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1ZOE REALTY INVESTMENT GRP LLC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt2ZOE REALTY INVESTMENT GRP LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-04-01
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12016-04-01
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22016-04-01
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt027430
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt1178399
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt238342
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Net Cost
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1Net Cost
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2Cost
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02404 E Denman Avenue
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt12404 E Denman Avenue
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt22404 E Denman Avenue
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Lufkin
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1Lufkin
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2Lufkin
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd2TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd075901
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd175901
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd275901
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0During the year ended December 31, 2016, the Lotus Lane Foundation Charitable Trust sold the Lotus Lane Apartments and no longer provided low income housing and related services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A management fee of 10.44% of all gross revenues per month is paid to J. Allen Management Company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed and approved by the Board of Directors prior to submission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization does not proactively provide return to public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization does not proactively provide such documentation to public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,426,876
Liabilities
$0
Net assets
$1,426,876
Revenue
$1,139,076
Expenses
$41,636
Net income
$1,097,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.90$0.90
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.00$0.50$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$1.14$0.04$1.10
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.12$0.27$0.10$0.15$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.05$0.32$0.15$0.13$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$0.08$0.14$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.06$0.36$0.12