Civic Intelligence

Uca Properties II Inc

990 • Fiscal year 2014 • EIN 27-4165809

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

3636 West 3100 South84119

(385) 351-3090

Siviq Scores

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

Liabilities / Assets

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

22.60x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

9th percentile

-22%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

43rd percentile

1.8%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M 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

Up

$19,647,464

Up $340,925 (+1.8%) from 2013

Net Assets

Down

-$761,661

Down $199,389 (-35%) from 2013

Liabilities

Up

$20,409,125

Up $540,314 (+2.7%) from 2013

Revenue

$902,931

No earlier filing loaded for comparison.

Expenses

Up

$1,102,320

Up $416,057 (+61%) from 2013

Net Income

-$199,389

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2012: $13,756,286Liabilities 2012: $14,091,522Net Assets 2012: -$335,2362012Assets 2013: $19,306,539Liabilities 2013: $19,868,811Net Assets 2013: -$562,2722013Assets 2014: $19,647,464Liabilities 2014: $20,409,125Net Assets 2014: -$761,6612014Assets 2015: $19,181,692Liabilities 2015: $20,184,117Net Assets 2015: -$1,002,4252015Assets 2016: $18,590,330Liabilities 2016: $20,202,758Net Assets 2016: -$1,612,4282016Assets 2017: $18,211,425Liabilities 2017: $20,188,348Net Assets 2017: -$1,976,9232017Assets 2018: $0Liabilities 2018: $2,298,453Net Assets 2018: -$2,298,4532018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$19,647,464
Liabilities$20,409,125
Net Assets-$761,661

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2012: $563,9312012Expenses 2013: $686,2632013Revenue 2014: $902,931Expenses 2014: $1,102,320Net Income 2014: -$199,3892014Revenue 2015: $1,050,829Expenses 2015: $1,291,593Net Income 2015: -$240,7642015Revenue 2016: $459,217Expenses 2016: $1,069,220Net Income 2016: -$610,0032016Revenue 2017: $459,536Expenses 2017: $824,031Net Income 2017: -$364,4952017Revenue 2018: $422,923Expenses 2018: $744,453Net Income 2018: -$321,5302018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2014

Revenue$902,931
Expenses$1,102,320
Net Income-$199,389
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$902,931
Mission and Program Overview

Mission

To support utah charter academies, inc., a school exempt from tax under 501(c)(3). The support includes owning and maintaining real estate used by the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,435,878$17,888,515▲ $452,637
Prepaid Expenses and Deferred Charges$1,732,518$1,389,594▼ $342,924
Cash and Non-Interest-Bearing Accounts$138,143$369,355▲ $231,212
Total Assets$19,306,539$19,647,464▲ $340,925
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,808,325$20,286,139▲ $477,814
Accounts Payable and Accrued Expenses$60,486$122,986▲ $62,500
Total Liabilities$19,868,811$20,409,125▲ $540,314
Net Assets / Fund Balance
Unrestricted Net Assets$-562,272$-761,661▼ $199,389
Total Net Assets Fund Balance$-562,272$-761,661▼ $199,389
Total Liabilities and Net Assets / Fund Balance$19,306,539$19,647,464▲ $340,925

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,835,279$564,539$14,399,818
Land$3,777,460-$3,777,460
Equipment$275,776$60,997$336,773
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad FindlayDirector
Howard M HeadleeDirector
Ted HeapDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$902,916
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-199,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$902,931
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$902,931
Total Revenue per Form 990
$902,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,102,320
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$790,047--$790,047
Depreciation Depletion$272,801--$272,801
Insurance$25,173--$25,173
Other Expenses$10,007--$10,007
Fees for Services Other$4,150--$4,150
Office Expenses$142--$142
Total Functional Expenses$1,102,320$0$0$1,102,320

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,102,320
Total Expenses per Audited Statements$1,102,320
Total Expenses per Form 990$1,102,320
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Lobbying 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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Once the return has been prepared, it will be reviewed by the governing board, led by the chairman.

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

Conflicts of interest are disclosed in public board meetings.

Form 990, Part VI, Section C, Line 19

Under grama (government records access and management act), basically all the information for uca properties ii is considered public except confidential records such as medical, etc. The documents are available upon request.

Filing and Contact Details

Filer

EIN
27-4165809
Phone
3853513090

Signing Officer

Name
Howard Headlee
Title
CFO & Business Manager
Phone
3853513090
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard M Headlee
Formed
2010
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Preparer
Mark C Furniss CPA
Phone
8015322200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Uca, uca properties, uca properties ii, and uca properties iii are organized as utah nonprofit corporations and have been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as organizations described in section 501(c)(3), qualify for the charitable contribution deduction under section 170(b)(1)(a)(vi) and (viii), and have been determined not to be private foundations under sections 509(a)(1) and (3), respectively. Each entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the entities are subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Each entity has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. Each entity believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entities would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Raw XML Appendix377 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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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0UCA PROPERTIES II IS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. IT MAINTAINS REAL PROPERTY AND APPLIES ANY INCOME DERIVED THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR THE DIRECT BENEFIT OF UTAH CHARTER ACADEMIES, INC., WHICH IS A SCHOOL EXEMPT FROM TAX UNDER 501(C)(3).
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UCA, UCA PROPERTIES, UCA PROPERTIES II, AND UCA PROPERTIES III ARE ORGANIZED AS UTAH NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. EACH ENTITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE THE RETURN HAS BEEN PREPARED, IT WILL BE REVIEWED BY THE GOVERNING BOARD, LED BY THE CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE DISCLOSED IN PUBLIC BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNDER GRAMA (GOVERNMENT RECORDS ACCESS AND MANAGEMENT ACT), BASICALLY ALL THE INFORMATION FOR UCA PROPERTIES II IS CONSIDERED PUBLIC EXCEPT CONFIDENTIAL RECORDS SUCH AS MEDICAL, ETC. THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATE A CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORT UTAH CHARTER ACADEMIES, INC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SUPPORT UTAH CHARTER ACADEMIES, INC.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2UT
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1902916
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1RENT PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10UTAH CHARTER ACADEMIES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11UTAH CHARTER ACADEMIES INC
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt019647464
IRS990/TotalAssetsGrp/BOYAmt019306539
IRS990/TotalAssetsGrp/EOYAmt019647464
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01102320
IRS990/TotalFunctionalExpensesGrp/TotalAmt01102320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019868811
IRS990/TotalLiabilitiesEOYAmt020409125
IRS990/TotalLiabilitiesGrp/BOYAmt019868811
IRS990/TotalLiabilitiesGrp/EOYAmt020409125
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-562272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-761661
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01102320
IRS990/TotalProgramServiceRevenueAmt0902916
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0902916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0902931
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019306539
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019647464
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-761661
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103636 WEST 3100 SOUTH
IRS990/USAddress/City0WEST VALLEY CITY
IRS990/USAddress/State0UT
IRS990/USAddress/ZIPCode084119
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD HEADLEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO & BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03853513090
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10UCA PROPERTIES II
ReturnHeader/Filer/BusinessNameControlTxt0UCAP
ReturnHeader/Filer/EIN0274165809
ReturnHeader/Filer/PhoneNum03853513090
ReturnHeader/Filer/USAddress/AddressLine103636 WEST 3100 SOUTH
ReturnHeader/Filer/USAddress/City0WEST VALLEY CITY
ReturnHeader/Filer/USAddress/State0UT
ReturnHeader/Filer/USAddress/ZIPCode084119
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine105 TRIAD CENTER STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0841801128
ReturnHeader/PreparerPersonGrp/PhoneNum08015322200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK C FURNISS CPA
ReturnHeader/ReturnTs02015-05-14T18:05:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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