Civic Intelligence

Np West Ninigret LLC C/O Aew Capital Management LP

990 • Fiscal year 2017 • EIN 45-1559742

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Two Seaport LaneBoston, MA 02210-2021

(617) 261-9000

Siviq Scores

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

Liabilities / Assets

65th percentile

0.28x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2017 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2017

Net Margin

66th percentile

94%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2017 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2017

Asset Growth

11th percentile

-100%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

255%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$103,681

Down $31,939,363 (-100%) from 2016

Net Assets

Down

$74,885

Down $31,872,923 (-100%) from 2016

Liabilities

Down

$28,796

Down $66,440 (-70%) from 2016

Revenue

Up

$9,854,521

Up $7,076,677 (+255%) from 2016

Expenses

Down

$576,868

Down $1,188 (-0.2%) from 2016

Net Income

Up

$9,277,653

Up $7,077,865 (+322%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $30,371,316Liabilities 2012: $5,354Net Assets 2012: $30,365,9622012Assets 2013: $30,348,503Liabilities 2013: $49,499Net Assets 2013: $30,299,0042013Assets 2014: $29,736,885Liabilities 2014: $47,863Net Assets 2014: $29,689,0222014Assets 2015: $30,435,312Liabilities 2015: $92,930Net Assets 2015: $30,342,3822015Assets 2016: $32,043,044Liabilities 2016: $95,236Net Assets 2016: $31,947,8082016Assets 2017: $103,681Liabilities 2017: $28,796Net Assets 2017: $74,8852017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$103,681
Liabilities$28,796
Net Assets$74,885

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $3,206,587Expenses 2012: $529,699Net Income 2012: $2,676,8882012Revenue 2013: $3,258,582Expenses 2013: $686,642Net Income 2013: $2,571,9402013Revenue 2014: $3,350,960Expenses 2014: $601,761Net Income 2014: $2,749,1992014Revenue 2015: $3,255,150Expenses 2015: $595,834Net Income 2015: $2,659,3162015Revenue 2016: $2,777,844Expenses 2016: $578,056Net Income 2016: $2,199,7882016Revenue 2017: $9,854,521Expenses 2017: $576,868Net Income 2017: $9,277,6532017Revenue 2018: $11Expenses 2018: $21,841Net Income 2018: -$21,8302018

Highlighted filing

2017

Revenue$9,854,521
Expenses$576,868
Net Income$9,277,653
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.3
Gross Receipts
$39,308,090
Mission and Program Overview

Mission

The company was organized for the exclusive purpose of acquiring and holding title to real property, collecting the income therefrom, and turning over the entire amount thereof, less expenses, to its shareholders, which are exempt from tax under irc sec. 401(a).

Title holding company for real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$29,726,674$29,875,762▲ $149,088
Land, Buildings, and Equipment, Net$29,432,279$0▼ $29,432,279
Savings and Temporary Cash Investments$39,382$79,536▲ $40,154
Accounts Receivable$0$17,808▲ $17,808
Prepaid Expenses and Deferred Charges$3,662$6,337▲ $2,675
Cash and Non-Interest-Bearing Accounts$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
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$2,221,134$-29,800,877▼ $32,022,011
Other Assets Total$2,567,721$0▼ $2,567,721
Total Assets$32,043,044$103,681▼ $31,939,363
Liabilities
Other Liabilities$45,195$0▼ $45,195
Accounts Payable and Accrued Expenses$50,041$28,796▼ $21,245
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$95,236$28,796▼ $66,440
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,947,808$74,885▼ $31,872,923
Total Liabilities and Net Assets / Fund Balance$32,043,044$103,681▼ $31,939,363
Compensation and Service Providers

Board Members and Trustees

NameTitle
see attached statementOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
Aew Capital Management LPManagementTWO SEAPORT LANE, Boston, MA 02210-2021$132,571
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,530,728
Investment Income
$7,305,987
Other Revenue
$17,806
Change in Net Assets
$9,277,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$576,868
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
Fees for Services Management$132,571--$132,571
Insurance$14,813--$14,813
Fees for Services Accounting$8,236--$8,236
Fees for Services Other$2,975--$2,975
Fees for Services Legal$760--$760
Other Expenses$715--$715
All Other Expenses$459--$459
Total Functional Expenses$576,868$0$0$576,868
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

part VI

3) All management of the organization is vested to the manager. 6) The members are pension trusts described in and exempt from federal income tax under section 401 and 501 of the internal revenue code. 7a) The members may appoint or remove the manager at any time at the members full discretion. 7b) The business of the organization is managed by its manager. All decisions made by the manager are authorized by the members. 8b) There are no committees or delegation of authority within the governing body. Decisions are made by the members of the governing body. 11b) The 990 is reviewed by the portfolio accounting department and by the signer who is also an authorized signatory designated by the manager of the organization. 19) Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org

Filing and Contact Details

Filer

Filer Name
NP West Ninigret LLC
EIN
45-1559742
In Care Of
% AEW CAPITAL MANAGEMENT LP
Phone
6172619000
Address
TWO SEAPORT LANE, BOSTON, MA 02210-2021

Signing Officer

Name
Susan Bouchard
Title
Vice President
Phone
6172619000
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2011
Legal Domicile
De
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
101 SEAPORT BLVD SUITE 500, BOSTON, MA 02210
Preparer
John Sheehan
Phone
6175305000
Supplemental Narrative

Additional Explanations

part XI

5) description AMOUNT contributions 149,088 distributions (38,731,493) ___________ TOTAL (38,582,855)

Raw XML Appendix394 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt03) All management of the organization is vested to the manager. 6) The members are pension trusts described in and exempt from federal income tax under section 401 and 501 of the internal revenue code. 7a) The members may appoint or remove the manager at any time at the members full discretion. 7b) The business of the organization is managed by its manager. All decisions made by the manager are authorized by the members. 8b) There are no committees or delegation of authority within the governing body. Decisions are made by the members of the governing body. 11b) The 990 is reviewed by the portfolio accounting department and by the signer who is also an authorized signatory designated by the manager of the organization. 19) Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15) description AMOUNT contributions 149,088 distributions (38,731,493) ___________ TOTAL (38,582,855)
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NP West Ninigret LLC
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D358843928D8742EA47B9385F38272626EF9956D
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId004363820181305000048
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-10
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0155.201.188.33
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SEAPORT BLVD SUITE 500
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ReturnHeader/PreparerPersonGrp/PhoneNum06175305000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SHEEHAN
ReturnHeader/ReturnTs02018-05-10T16:25:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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