Civic Intelligence

Mept-501 Inc

990 • Fiscal year 2017 • EIN 52-2108981

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 07, 2018

Organization ProfileN/A
7315 Wisconsin Avenue Suite 350WBethesda, MD 20814

(240) 235-9976

Siviq Scores

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

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.65x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • $250M-$1B nonprofits • Source year 2017

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2017 filings • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2017 filings • $250M-$1B nonprofits • Source year 2017

Asset Growth

19th percentile

0.3%

Faster asset growth than 19% of similar nonprofits.

2017 filings • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

3.3%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$265,342,310

Up $743,986 (+0.3%) from 2016

Net Assets

Down

$257,867,741

Down $515,356 (-0.2%) from 2016

Liabilities

Up

$7,474,569

Up $1,259,342 (+20%) from 2016

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin100th percentile

Revenue

Up

$11,570,230

Up $373,286 (+3.3%) from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Up

$11,570,230

Up $373,286 (+3.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$300M$200M$100M$0Assets 2010: $213,186,583Liabilities 2010: $100,850,020Net Assets 2010: $112,336,5632010Assets 2011: $233,089,515Liabilities 2011: $99,054,623Net Assets 2011: $134,034,8922011Assets 2012: $259,551,868Liabilities 2012: $107,551,547Net Assets 2012: $152,000,3212012Assets 2013: $280,837,903Liabilities 2013: $100,786,737Net Assets 2013: $180,051,1662013Assets 2014: $286,069,321Liabilities 2014: $96,712,696Net Assets 2014: $189,356,6252014Assets 2015: $262,622,186Liabilities 2015: $76,269,150Net Assets 2015: $186,353,0362015Assets 2016: $264,598,324Liabilities 2016: $6,215,227Net Assets 2016: $258,383,0972016Assets 2017: $265,342,310Liabilities 2017: $7,474,569Net Assets 2017: $257,867,7412017Assets 2018: $184,802,510Liabilities 2018: $5,406,281Net Assets 2018: $179,396,2292018Assets 2019: $207,231,659Liabilities 2019: $4,938,298Net Assets 2019: $202,293,3612019Assets 2020: $223,907,515Liabilities 2020: $4,508,636Net Assets 2020: $219,398,8792020Assets 2021: $711,577Liabilities 2021: $414,272Net Assets 2021: $297,3052021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$265,342,310
Liabilities$7,474,569
Net Assets$257,867,741
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

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

$100M$50M$0-$50MRevenue 2010: $747,086Expenses 2010: $0Net Income 2010: $747,0862010Revenue 2011: $6,942,032Expenses 2011: $0Net Income 2011: $6,942,0322011Revenue 2012: $7,701,101Expenses 2012: $0Net Income 2012: $7,701,1012012Revenue 2013: $8,483,796Expenses 2013: $0Net Income 2013: $8,483,7962013Revenue 2014: $18,368,486Expenses 2014: $0Net Income 2014: $18,368,4862014Revenue 2015: -$344,066Expenses 2015: $0Net Income 2015: -$344,0662015Revenue 2016: $11,196,944Expenses 2016: $0Net Income 2016: $11,196,9442016Revenue 2017: $11,570,230Expenses 2017: $0Net Income 2017: $11,570,2302017Revenue 2018: $64,731,615Expenses 2018: $0Net Income 2018: $64,731,6152018Revenue 2019: $6,870,624Expenses 2019: $0Net Income 2019: $6,870,6242019Revenue 2020: -$5,652,388Expenses 2020: $0Net Income 2020: -$5,652,3882020Revenue 2021: -$47,751,101Expenses 2021: $0Net Income 2021: -$47,751,1012021Revenue 2022: -$260,291Expenses 2022: $0Net Income 2022: -$260,2912022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2017

Revenue$11,570,230
Expenses$0
Net Income$11,570,230
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 7, 2018
Return Version
2017v2.3
Gross Receipts
$11,622,459
Mission and Program Overview

Mission

Acquiring real property and holding title to and collecting income from such property and remitting the entire amount of income to one or more organizations described in section 501(c)(25) which are shareholders of the corporation.

Acquiring real property and holding title to and collecting income from the property and remitting the income to organizations described in 501(c)(25) which are shareholders of the corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$261,800,000$262,900,000▲ $1,100,000
Cap Stk Tr Prin Current Funds$258,383,097$257,867,741▼ $515,356
Cash and Non-Interest-Bearing Accounts$1,660,283$1,929,535▲ $269,252
Accounts Receivable$725,289$210,051▼ $515,238
Prepaid Expenses and Deferred Charges$174,675$179,988▲ $5,313
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$264,598,324$265,342,310▲ $743,986
Other Assets Total$238,077$122,736▼ $115,341
Liabilities
Other Liabilities$5,297,409$7,013,427▲ $1,716,018
Deferred Revenue$34,934$287,125▲ $252,191
Accounts Payable and Accrued Expenses$882,884$174,017▼ $708,867
Total Liabilities$6,215,227$7,474,569▲ $1,259,342
Net Assets / Fund Balance
Total Net Assets Fund Balance$258,383,097$257,867,741▼ $515,356
Total Liabilities and Net Assets / Fund Balance$264,598,324$265,342,310▲ $743,986

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$262,900,000--
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Robert B EdwardsPresident
Ian ButlerVP/secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$11,024
Other Revenue
$11,559,206
Change in Net Assets
$11,570,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Accrued Liabilities$3,189,003
Commissions, Ten. Improv. Payable$2,024,826
Real Estate Taxes Payable$1,452,566
Security Deposits Payable$347,032
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole stockholder of mept-501, inc. Is newtower trust company multi-employer property trust.”

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

“The organization's stockholder has the right to appoint the organization's board.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the organization's independent accounting firm deloitte. In addition, management reviews the return before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and internal financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mept-501 Inc
EIN
52-2108981
Phone
2402359976
Address
7315 WISCONSIN AVENUE SUITE 350W, BETHESDA, MD 20814

Signing Officer

Name
Ian M Butler
Title
Vice President & Treasurer
Phone
2402359976
Signed
2018-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert B Edwards
Formed
1998
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
925 FOURTH AVENUE SUITE 3300, SEATTLE, WA 98104-1126
Preparer
Patrick Firestone
Phone
2067167000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Owner contributions 3,814,883. Owner distributions -6,325,900. Changes in fair market value of real estate assets -9,574,570. Equity adjustment - mcclurg court 1.”

Raw XML Appendix330 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACQUIRING REAL PROPERTY AND HOLDING TITLE TO AND COLLECTING INCOME FROM THE PROPERTY AND REMITTING THE INCOME TO ORGANIZATIONS DESCRIBED IN 501(C)(25) WHICH ARE SHAREHOLDERS OF THE CORPORATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011622459
IRS990/GrossRentsGrp/RealAmt011611435
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
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IRS990/IndoorTanningServicesInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/PoliticalCampaignActyInd00
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMMISSIONS, TEN. IMPROV. PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REAL ESTATE TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER ACCRUED LIABILITIES
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE STOCKHOLDER OF MEPT-501, INC. IS NEWTOWER TRUST COMPANY MULTI-EMPLOYER PROPERTY TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S STOCKHOLDER HAS THE RIGHT TO APPOINT THE ORGANIZATION'S BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM DELOITTE. IN ADDITION, MANAGEMENT REVIEWS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND INTERNAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OWNER CONTRIBUTIONS 3,814,883. OWNER DISTRIBUTIONS -6,325,900. CHANGES IN FAIR MARKET VALUE OF REAL ESTATE ASSETS -9,574,570. EQUITY ADJUSTMENT - MCCLURG COURT 1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1MEPT-501 INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MEPT MCCLURG COURT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MEPT GATEWAY PINNACLE PARK LP
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0204409161
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1201839454
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEWTOWER TRUST COMPANY MEPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0526218800
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0584(B)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMON TRUST
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0265342310
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IRS990/TotalAssetsGrp/EOYAmt0265342310
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BusinessOfficerGrp/PersonNm0IAN M BUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT & TREASURER
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ReturnHeader/FilingSecurityInformation/IPTm010:43:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861065772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELOITTE TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0925 FOURTH AVENUE SUITE 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981041126
ReturnHeader/PreparerPersonGrp/PhoneNum02067167000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK FIRESTONE
ReturnHeader/ReturnTs02018-09-07T11:13:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$265,342,310
Liabilities
$7,474,569
Net assets
$257,867,741
Revenue
$11,570,230
Expenses
$0
Net income
$11,570,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.26$0.00$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.41$0.30$47.8$0.00$47.8
2020Detailed filing. Detailed filing data is available for this year.$224$4.51$219$5.65$0.00$5.65
2019Detailed filing. Detailed filing data is available for this year.$207$4.94$202$6.87$0.00$6.87
2018Detailed filing. Detailed filing data is available for this year.$185$5.41$179$64.7$0.00$64.7
2017Detailed filing. Detailed filing data is available for this year.$265$7.47$258$11.6$0.00$11.6
2016Summary only. Only limited summary data is available for this year.$265$6.22$258$11.2$0.00$11.2
2015Summary only. Only limited summary data is available for this year.$263$76.3$186$0.34$0.00$0.34
2014Summary only. Only limited summary data is available for this year.$286$96.7$189$18.4$0.00$18.4
2013Summary only. Only limited summary data is available for this year.$281$101$180$8.48$0.00$8.48
2012Summary only. Only limited summary data is available for this year.$260$108$152$7.70$0.00$7.70
2011Summary only. Only limited summary data is available for this year.$233$99.1$134$6.94$0.00$6.94
2010Summary only. Only limited summary data is available for this year.$213$101$112$0.75$0.00$0.75