Civic Intelligence

Munger Ucsb Charitable Trust

990 • Fiscal year 2016 • EIN 47-1743444

Sep 01, 2015 to Aug 31, 2016 • Filed on Nov 30, 2016

Organization ProfileN/A
PO Box 55007Los Angeles, CA 90055

(213) 683-8790

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

2nd percentile

0.00x

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

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

1st percentile

-320%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.0%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Down

$65,810,327

Down $27,203 (-0.0%) from 2015

Net Assets

Down

$65,810,327

Down $27,203 (-0.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin1st percentile

Revenue

Down

$8,501

Down $65,829,179 (-100%) from 2015

Expenses

Up

$35,704

Up $35,554 (+23703%) from 2015

Net Income

Down

-$27,203

Down $65,864,733 (-100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$80M$60M$40M$20M$0Assets 2015: $65,837,530Liabilities 2015: $0Net Assets 2015: $65,837,5302015Assets 2016: $65,810,327Liabilities 2016: $0Net Assets 2016: $65,810,3272016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$65,810,327
Liabilities$0
Net Assets$65,810,327
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

$100M$50M$0-$50M-$100MRevenue 2015: $65,837,680Expenses 2015: $150Net Income 2015: $65,837,5302015Revenue 2016: $8,501Expenses 2016: $35,704Net Income 2016: -$27,2032016Revenue 2017: $1,371Expenses 2017: $65,811,698Net Income 2017: -$65,810,3272017

Highlighted filing

2016

Revenue$8,501
Expenses$35,704
Net Income-$27,203
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Nov 30, 2016
Return Version
2015v3.0
Gross Receipts
$8,501
Mission and Program Overview

Mission

To design and construct a building on the university of california, santa barbara (ucsb) campus which will be transferred to the university once constructed and used to support the university's exempt purposes.

To design and construct a building on university of california, santa barbara, which will be transferred to the university and used to support university's exempt purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$65,837,530$65,810,327▼ $27,203
Savings and Temporary Cash Investments$53,288,037$26,216,454▼ $27,071,583
Cash and Non-Interest-Bearing Accounts$1$1→ $0
Accounts Receivable$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
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$65,837,530$65,810,327▼ $27,203
Other Assets Total$12,549,492$39,593,872▲ $27,044,380
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,837,530$65,810,327▼ $27,203
Total Liabilities and Net Assets / Fund Balance$65,837,530$65,810,327▼ $27,203

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$39,593,872--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Charles T MungerTrustee
Glen H Mitchel JrTrustee
Lars BildstenTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
The Towbes Group INCConstruction Mgmt21 E VICTORIA STREET SUITE 200, Santa Barabara, CA 93101$2,755,087
Rodriguez Horii Choi CafferataLegal Services777 S FIGUEROA STREET STE 2150, Los Angeles, CA 90017$26,869
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$8,501
Other Revenue
$0
Change in Net Assets
$-27,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,704
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 Legal-$26,869-$26,869
Fees for Services Accounting-$8,675-$8,675
Other Expenses-$150-$150
Total Functional Expenses$0$35,704$0$35,704
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
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence and nature of his or her financial interest to the trustees considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall leave the meeting while the financial interest is discussed and any action is voted upon. The remaining trustees shall decide if a conflict of interest exists.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents available to the general public during the tax year upon written request.”

Filing and Contact Details

Filer

Filer Name
Munger Ucsb Charitable Trust
EIN
47-1743444
In Care Of
% DREYER ROBBINS AND ASSOCIATE
Address
PO BOX 55007, LOS ANGELES, CA 90055

Signing Officer

Name
Charles T Munger
Title
Trustee
Phone
2136247715
Signed
2016-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles T Munger
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Dreyer Robbins & Associates
Address
355 S GRAND AVE STE 1710, LOS ANGELES, CA 90071-1532
Preparer
Michael S Dreyer
Phone
2136838790
Supplemental Narrative

Additional Explanations

Part X, Line 15

“The other asset, construction in process, is understated by the amount of $34,913 due to an issue with a subcontractor. Once the issue is resolved, it will be determined if this amount will be credited to the construction contract in the next fiscal year end.”

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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/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART IV, SECTION D, QUESTION 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990, SCHEDULE A, PART IV, SECTION E, QUESTION 1C
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE TRUSTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND ANY ACTION IS VOTED UPON. THE REMAINING TRUSTEES SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC DURING THE TAX YEAR UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OTHER ASSET, CONSTRUCTION IN PROCESS, IS UNDERSTATED BY THE AMOUNT OF $34,913 DUE TO AN ISSUE WITH A SUBCONTRACTOR. ONCE THE ISSUE IS RESOLVED, IT WILL BE DETERMINED IF THIS AMOUNT WILL BE CREDITED TO THE CONSTRUCTION CONTRACT IN THE NEXT FISCAL YEAR END.
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES T MUNGER
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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
$65,810,327
Liabilities
$0
Net assets
$65,810,327
Revenue
$8,501
Expenses
$35,704
Net income
-$27,203
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$65.8$65.8
2016Detailed filing. Detailed filing data is available for this year.$65.8$0.00$65.8$0.01$0.04$0.03
2015Summary only. Only limited summary data is available for this year.$65.8$0.00$65.8$65.8$0.00$65.8