Civic Intelligence

770 L Street Investment Group Inc C/O Lasalle Investment Management

EIN 52-2137716 • 501(c)25

Profile

The purpose is to acquire real property, hold title to, and collect income from such property and remit the entire amount of the income from such property, less expenses, to its stockholders.

200 East Randolph DriveSuite60601

none

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.00x

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

$1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

33rd percentile

0.00x

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

$1M-$5M nonprofits • Source year 2013

Net Margin

47th percentile

3.7%

Higher net margin than 47% of similar nonprofits.

$1M-$5M nonprofits • Source year 2013

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

$1M-$5M nonprofits • Source year 2013

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

14th percentile

-23%

Faster revenue growth than 14% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2010 to 2013

Assets

Down

$121,905

Down $28,115,027 (-100%) from 2012

Liabilities

Down

$0

Down $782,135 (-100%) from 2012

Net Assets

Down

$121,905

Down $27,332,892 (-100%) from 2012

Revenue

$1,639,531

No earlier filing loaded for comparison.

Expenses

Down

$1,579,497

Down $383,756 (-20%) from 2012

Net Income

$60,034

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $26,292,287Liabilities 2010: $820,331Net Assets 2010: $25,471,9562010Assets 2011: $27,271,399Liabilities 2011: $723,747Net Assets 2011: $26,547,6522011Assets 2012: $28,236,932Liabilities 2012: $782,135Net Assets 2012: $27,454,7972012Assets 2013: $121,905Liabilities 2013: $0Net Assets 2013: $121,9052013

Highlighted filing

2013

Assets$121,905
Liabilities$0
Net Assets$121,905

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2010: $3,635,378Expenses 2010: $1,979,471Net Income 2010: $1,655,9072010Expenses 2011: $2,124,0952011Expenses 2012: $1,963,2532012Revenue 2013: $1,639,531Expenses 2013: $1,579,497Net Income 2013: $60,0342013

Highlighted filing

2013

Revenue$1,639,531
Expenses$1,579,497
Net Income$60,034

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 13, 2014
Return Version
2013v3.1
Gross Receipts
$2,101,135
Mission and Program Overview

Mission

The purpose is to acquire real property, hold title to, and collect income from such property and remit the entire amount of the income from such property, less expenses, to its stockholders.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$30,142,115$30,142,115→ $0
Land, Buildings, and Equipment, Net$27,300,000--
Other Notes and Loans Receivable, Net$315,238$0▼ $315,238
Accounts Receivable$204,520$76,810▼ $127,710
Savings and Temporary Cash Investments$381,710$45,095▼ $336,615
Prepaid Expenses and Deferred Charges$35,464$0▼ $35,464
Cash and Non-Interest-Bearing Accounts$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→ $0
Rtn Earn Endowment Incm Other Fnds$-2,687,318$-30,020,210▼ $27,332,892
Total Assets$28,236,932$121,905▼ $28,115,027
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$579,044$0▼ $579,044
Other Liabilities$132,156$0▼ $132,156
Deferred Revenue$70,935$0▼ $70,935
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$782,135$0▼ $782,135
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,454,797$121,905▼ $27,332,892
Total Liabilities and Net Assets / Fund Balance$28,236,932$121,905▼ $28,115,027
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristin L SchneiderPresident
Allison McFaulVice President/secretary
Rita F BrannonVice President/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jones Lang Lasalle AmericasPayroll Mgmt Fees-$484,155
Icon General ContractorsGeneral Contractor-$340,135
Descor BuildersBuilding Improvement-$155,476
Thyssenkrupp ElevatorElevator Maint.-$111,464
Universal Protection Service LPSecurity-$99,466
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,101,135
Investment Income
$-461,604
Other Revenue
$0
Change in Net Assets
$60,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,579,497
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
Occupancy$730,251--$730,251
Fees for Services Management$118,347--$118,347
Fees for Service Investment Mgmnt Fees-$99,414-$99,414
Insurance$69,496--$69,496
Fees for Services Legal-$36,958-$36,958
Office Expenses$27,344--$27,344
Fees for Services Accounting-$12,716-$12,716
Other Expenses$4,830--$4,830
Total Functional Expenses$1,430,409$149,088$0$1,579,497
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
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
Backup withholding compliance
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
Filing and Contact Details

Filer

EIN
52-2137716
In Care Of
% RITA F BRANNON
Phone
3127825800

Signing Officer

Name
Rita F Brannon
Title
VP/treasurer
Signed
2014-08-13

Organization Details

Principal Officer
Rita F Brannon
Formed
1998
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
Bernadette Durkin-zita
Phone
3128792000
Supplemental Narrative

Additional Explanations

Organization Mission Statement

FORM 990, PART I, LINE 1 THE PURPOSE IS TO ACQUIRE REAL PROPERTY, HOLD TITLE TO, AND COLLECT INCOME FROM SUCH PROPERTY AND REMIT THE ENTIRE AMOUNT OF THE INCOME FROM SUCH PROPERTY, LESS EXPENSES, TO ITS STOCKHOLDERS. MAKE SIGNIFICANT CHANGES IN HOW IT CONDUCTS, ANY PROGRAM SERVICE FORM 990, PART III, LINE 3 The Organization's purpose is to acquire Real Property and hold for investment for the benefit of the Alaska Permanent Fund. The Organization sold the investment in the real property on August 1, 2013. All proceeds from the sale where transferred to the Alaska Permanent Fund. Description of Management Arrangement Form 990, Part VI, Line 3 Jones Lang LaSalle Americas, Inc. was engaged to manage property operations and lease space with approval of an officer of the Corporation.

Description of Classes of Members or Shareholders

Form 990, Part VI, Line 6 The Corporation has one class of no par value common stock. The Corporation's sole shareholder is Alaska Permanent Fund Corporation.

Description of Classes of Persons and The Nature of Their Rights

Form 990, Part VI, Line 7a Alaska Permanent Fund Corporation is the organization's sole shareholder. Therefore, it has the authority to elect or appoint one or more members of the organization's governing body.

Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights

Form 990, Part VI, Line 7B Alaska Permanent Fund Corporation is the organization's sole shareholder. Therefore, the decisions, of the organization's governing body may be subject to approval by Alaska Permanent Fund Corporation at any time. These decisions include, but are not limited to, approval of the governing body's election or removal of directors and the decision to dissolve the organization.

Describe the Process Used by Management &/or Governing Body to Review 990

Form 990, Part VI, Line 11b The organization's Form 990 was prepared by an independent accounting firm and subsequently reviewed by a director of the organization. The tax department of LaSalle Investment Management reviews the return prior to filing.

Compensation of Officers

Form 990, Part VI, LineS 15a & 15b Officers of 770 L Street Investment Group, INC. are not compensated by the organization for their services.

Available of Government Documents & Fin Statements to General Public

Form 990, Part VI, Line 19 Information provided upon request.

Total Other Changes in Net Assets

Form 990, Part XI, Line 9 TOTAL OTHER CHANGES IN NET ASSETS REPRESENTS: NET UNREALIZED APPRECIATION/(DEPRECIATION): $1,440,554 DISTRIBUTIONS TO ALASKA PERM FUND CORPORATION: ($28,833,480) ----------- TOTAL CHANGE IN NET ASSETS: ($27,392,926)

Raw XML AppendixShowing 400 of 885 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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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc013 STORY OFFICE BUILDING AT 770 L STREET
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02013-08-01
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0464771996
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IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BIDS RECEIVED MRKT SELL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART I, LINE 1 THE PURPOSE IS TO ACQUIRE REAL PROPERTY, HOLD TITLE TO, AND COLLECT INCOME FROM SUCH PROPERTY AND REMIT THE ENTIRE AMOUNT OF THE INCOME FROM SUCH PROPERTY, LESS EXPENSES, TO ITS STOCKHOLDERS. MAKE SIGNIFICANT CHANGES IN HOW IT CONDUCTS, ANY PROGRAM SERVICE FORM 990, PART III, LINE 3 The Organization's purpose is to acquire Real Property and hold for investment for the benefit of the Alaska Permanent Fund. The Organization sold the investment in the real property on August 1, 2013. All proceeds from the sale where transferred to the Alaska Permanent Fund. Description of Management Arrangement Form 990, Part VI, Line 3 Jones Lang LaSalle Americas, Inc. was engaged to manage property operations and lease space with approval of an officer of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Line 6 The Corporation has one class of no par value common stock. The Corporation's sole shareholder is Alaska Permanent Fund Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Line 7a Alaska Permanent Fund Corporation is the organization's sole shareholder. Therefore, it has the authority to elect or appoint one or more members of the organization's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Line 7B Alaska Permanent Fund Corporation is the organization's sole shareholder. Therefore, the decisions, of the organization's governing body may be subject to approval by Alaska Permanent Fund Corporation at any time. These decisions include, but are not limited to, approval of the governing body's election or removal of directors and the decision to dissolve the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part VI, Line 11b The organization's Form 990 was prepared by an independent accounting firm and subsequently reviewed by a director of the organization. The tax department of LaSalle Investment Management reviews the return prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part VI, LineS 15a & 15b Officers of 770 L Street Investment Group, INC. are not compensated by the organization for their services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990, Part VI, Line 19 Information provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Form 990, Part XI, Line 9 TOTAL OTHER CHANGES IN NET ASSETS REPRESENTS: NET UNREALIZED APPRECIATION/(DEPRECIATION): $1,440,554 DISTRIBUTIONS TO ALASKA PERM FUND CORPORATION: ($28,833,480) ----------- TOTAL CHANGE IN NET ASSETS: ($27,392,926)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0ORGANIZATION MISSION STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of Classes of Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of Classes of Persons and The Nature of Their Rights
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6AVAILABLE OF GOVERNMENT DOCUMENTS & FIN STATEMENTS TO GENERAL PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Other Changes in Net Assets
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