Civic Intelligence

Wise Owl Properties Inc

990 • Fiscal year 2014 • EIN 45-5567819

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

10688 Old St Augustine RoadJacksonville, FL 32257

(904) 391-6600

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.05x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

8.46x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Net Margin

42nd percentile

11%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$120,313

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 89.1% of source-year revenue.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

50%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,088,980

Down $29,053 (-2.6%) from 2013

Net Assets

Up

-$53,380

Up $15,496 (+22%) from 2013

Liabilities

Down

$1,142,360

Down $44,549 (-3.8%) from 2013

Revenue

Up

$135,000

Up $45,000 (+50%) from 2013

Expenses

Down

$119,504

Down $39,372 (-25%) from 2013

Net Income

Up

$15,496

Up $84,372 (+122%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $1,118,033Liabilities 2013: $1,186,909Net Assets 2013: -$68,8762013Assets 2014: $1,088,980Liabilities 2014: $1,142,360Net Assets 2014: -$53,3802014Assets 2015: $2,200,607Liabilities 2015: $2,242,011Net Assets 2015: -$41,4042015Assets 2016: $2,137,917Liabilities 2016: $2,116,565Net Assets 2016: $21,3522016Assets 2017: $2,087,679Liabilities 2017: $2,033,135Net Assets 2017: $54,5442017Assets 2018: $2,029,372Liabilities 2018: $1,946,893Net Assets 2018: $82,4792018Assets 2019: $2,052,785Liabilities 2019: $1,874,539Net Assets 2019: $178,2462019Assets 2020: $1,232,573Liabilities 2020: $1,018,040Net Assets 2020: $214,5332020Assets 2021: $1,220,594Liabilities 2021: $977,371Net Assets 2021: $243,2232021Assets 2022: $1,131,437Liabilities 2022: $936,273Net Assets 2022: $195,1642022Assets 2023: $1,039,445Liabilities 2023: $883,953Net Assets 2023: $155,4922023Assets 2024: $940,458Liabilities 2024: $844,435Net Assets 2024: $96,0232024

Highlighted filing

2014

Assets$1,088,980
Liabilities$1,142,360
Net Assets-$53,380

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2013: $90,000Expenses 2013: $158,876Net Income 2013: -$68,8762013Revenue 2014: $135,000Expenses 2014: $119,504Net Income 2014: $15,4962014Revenue 2015: $135,550Expenses 2015: $148,574Net Income 2015: -$13,0242015Revenue 2016: $135,000Expenses 2016: $227,376Net Income 2016: -$92,3762016Revenue 2017: $135,810Expenses 2017: $224,118Net Income 2017: -$88,3082017Revenue 2018: $135,000Expenses 2018: $205,510Net Income 2018: -$70,5102018Revenue 2019: $135,000Expenses 2019: $239,233Net Income 2019: -$104,2332019Revenue 2020: $172,539Expenses 2020: $247,595Net Income 2020: -$75,0562020Revenue 2021: $155,023Expenses 2021: $126,333Net Income 2021: $28,6902021Revenue 2022: $135,004Expenses 2022: $183,063Net Income 2022: -$48,0592022Revenue 2023: $135,000Expenses 2023: $174,672Net Income 2023: -$39,6722023Revenue 2024: $135,000Expenses 2024: $194,469Net Income 2024: -$59,4692024

Highlighted filing

2014

Revenue$135,000
Expenses$119,504
Net Income$15,496
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$135,000
Mission and Program Overview

Mission

Wise owl properties, inc. Is a corporation owned to hold title to property on behalf of eldersource, inc., a 501(c)(3) organization.

Wise owl properties, inc.,is a corporation owned to hold title to property on behalf of eldersource, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,115,617$1,081,520▼ $34,097
Cash and Non-Interest-Bearing Accounts$2,416$7,460▲ $5,044
Total Assets$1,118,033$1,088,980▼ $29,053
Liabilities
Mortgage Notes Payable Secured by Investment Property$792,902$700,880▼ $92,022
Other Liabilities$392,500$382,500▼ $10,000
Accounts Payable and Accrued Expenses$1,507$58,980▲ $57,473
Total Liabilities$1,186,909$1,142,360▼ $44,549
Net Assets / Fund Balance
Unrestricted Net Assets$-68,876$-53,380▲ $15,496
Total Net Assets Fund Balance$-68,876$-53,380▲ $15,496
Total Liabilities and Net Assets / Fund Balance$1,118,033$1,088,980▼ $29,053

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$782,537$49,703$832,240
Land$276,605-$276,605
Equipment$22,378$10,772$33,150
Compensation and Service Providers

Employees

NameTitleOtherTotal
Linda LevinExecutive Director$120,313$120,313

Board Members and Trustees

NameTitle
Robert MorganPresident
Dr William TernentAssistant Secretary
Veronica CatoeMember
Don RobertsSecretary
Fran PepisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$135,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$15,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,279
Salaries, Compensation, and Employee Benefits$9,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$41,303
Depreciation Depletion---$34,097
Interest---$23,096
Insurance---$8,675
Other Salaries and Wages---$6,574
Other Employee Benefits---$2,190
Fees for Services Accounting---$1,801
Office Expenses---$1,307
Payroll Taxes---$461
Total Functional Expenses$0$0$0$119,504
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Eldersource Inc$382,500
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Eldersource inc, a 501(c)(3) organization, is the sole member of wise owl properties, inc.

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

Eldersource inc is the sole member of wise owl properties, inc. And has the power to appoint the board members.

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

Eldersource inc and has the power to appoint the board members.

Form 990, Part VI, Section B, Line 11

Board members will be notified of availability of form 990 by email, u.s. Mail and/or at a board or committee meeting prior to filing.

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

The organization regularly and consistently monitors and enforces compliance with the policy described in its conflict of interest policy.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Wise Owl Properties Inc
EIN
45-5567819
Phone
9043916600
Address
10688 OLD ST AUGUSTINE ROAD, JACKSONVILLE, FL 32257

Signing Officer

Name
Linda Levin
Title
Principal Director
Phone
9043916600
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Levin
Formed
2013
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
4010 NW 25TH PLACE, GAINESVILLE, FL 32606
Preparer
Lorie Keegan CPA
Phone
3523726300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

All subsidiaries that make up the organization, except wise owl properties, inc., are exempt from federal income tax under section (501(c) (3) of the internal revenue code. Wise owl properties, inc. Is exempt from federal income tax under section (501(c)(2) of the internal revenue code. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The organization has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2014.

Raw XML Appendix369 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALL SUBSIDIARIES THAT MAKE UP THE ORGANIZATION, EXCEPT WISE OWL PROPERTIES, INC., ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION (501(C) (3) OF THE INTERNAL REVENUE CODE. WISE OWL PROPERTIES, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION (501(C)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2014.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELDERSOURCE INC, A 501(C)(3) ORGANIZATION, IS THE SOLE MEMBER OF WISE OWL PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELDERSOURCE INC IS THE SOLE MEMBER OF WISE OWL PROPERTIES, INC. AND HAS THE POWER TO APPOINT THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELDERSOURCE INC AND HAS THE POWER TO APPOINT THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS WILL BE NOTIFIED OF AVAILABILITY OF FORM 990 BY EMAIL, U.S. MAIL AND/OR AT A BOARD OR COMMITTEE MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY DESCRIBED IN ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN FLORIDA.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN NE FLORIDA.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN NE FLORIDA.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN NE FLORIDA.
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA LEVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09043916600
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WISE OWL PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0WISE
ReturnHeader/Filer/EIN0455567819
ReturnHeader/Filer/PhoneNum09043916600
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04010 NW 25TH PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032606
ReturnHeader/PreparerPersonGrp/PhoneNum03523726300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORIE KEEGAN CPA
ReturnHeader/ReturnTs02015-11-10T13:17:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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