Civic Intelligence

Langston Companies Inc Benefit Programs Trust

990 • Fiscal year 2015 • EIN 58-1573232

Dec 01, 2014 to Nov 30, 2015 • Filed on Oct 08, 2016

PO Box 60Memphis, TN 38108-0060

(901) 774-4440

Siviq Scores

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

Liabilities / Assets

98th percentile

1.58x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.16x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-44%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Asset Growth

4th percentile

-82%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-6.0%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$101,668

Down $454,980 (-82%) from 2014

Net Assets

Down

-$58,827

Down $439,439 (-115%) from 2014

Liabilities

Down

$160,495

Down $15,541 (-8.8%) from 2014

Revenue

Down

$1,008,744

Down $64,911 (-6.0%) from 2014

Expenses

Up

$1,448,183

Up $442,870 (+44%) from 2014

Net Income

Down

-$439,439

Down $507,781 (-743%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $610,624Liabilities 2010: $40,858Net Assets 2010: $569,7662010Assets 2011: $888,947Liabilities 2011: $96,300Net Assets 2011: $792,6472011Assets 2012: $605,918Liabilities 2012: $53,907Net Assets 2012: $552,0112012Assets 2013: $405,776Liabilities 2013: $93,506Net Assets 2013: $312,2702013Assets 2014: $556,648Liabilities 2014: $176,036Net Assets 2014: $380,6122014Assets 2015: $101,668Liabilities 2015: $160,495Net Assets 2015: -$58,8272015Assets 2016: $68,945Liabilities 2016: $61,472Net Assets 2016: $7,4732016Assets 2017: $146,857Liabilities 2017: $206,338Net Assets 2017: -$59,4812017Assets 2018: $432,675Liabilities 2018: $306,290Net Assets 2018: $126,3852018Assets 2019: $333,667Liabilities 2019: $156,215Net Assets 2019: $177,4522019Assets 2020: $151,830Liabilities 2020: $94,034Net Assets 2020: $57,7962020Assets 2021: $447,681Liabilities 2021: $97,437Net Assets 2021: $350,2442021Assets 2022: $490,722Liabilities 2022: $62,179Net Assets 2022: $428,5432022Assets 2023: $831,404Liabilities 2023: $57,963Net Assets 2023: $773,4412023Assets 2024: $670,218Liabilities 2024: $82,916Net Assets 2024: $587,3022024

Highlighted filing

2015

Assets$101,668
Liabilities$160,495
Net Assets-$58,827

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $684,7802010Expenses 2011: $946,0732011Revenue 2012: $979,507Expenses 2012: $1,220,143Net Income 2012: -$240,6362012Expenses 2013: $1,503,2952013Revenue 2014: $1,073,655Expenses 2014: $1,005,313Net Income 2014: $68,3422014Revenue 2015: $1,008,744Expenses 2015: $1,448,183Net Income 2015: -$439,4392015Revenue 2016: $1,419,258Expenses 2016: $1,352,958Net Income 2016: $66,3002016Revenue 2017: $1,388,844Expenses 2017: $1,455,798Net Income 2017: -$66,9542017Revenue 2018: $1,394,266Expenses 2018: $1,208,400Net Income 2018: $185,8662018Revenue 2019: $1,251,962Expenses 2019: $1,200,895Net Income 2019: $51,0672019Revenue 2020: $1,199,541Expenses 2020: $1,319,197Net Income 2020: -$119,6562020Revenue 2021: $1,093,926Expenses 2021: $801,478Net Income 2021: $292,4482021Revenue 2022: $1,091,121Expenses 2022: $1,012,822Net Income 2022: $78,2992022Revenue 2023: $1,088,167Expenses 2023: $743,269Net Income 2023: $344,8982023Revenue 2024: $776,161Expenses 2024: $962,300Net Income 2024: -$186,1392024

Highlighted filing

2015

Revenue$1,008,744
Expenses$1,448,183
Net Income-$439,439
Jump To
Filing Snapshot
Filing Period
Dec 1, 2014 to Nov 30, 2015
Signed
Oct 8, 2016
Return Version
2014v6.0
Gross Receipts
$1,008,744
Mission and Program Overview

Mission

A voluntary employee beneficiary assoc trust to provide employees with certain benefits such as life, disability, health and surgical care and to manage funds of the trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$91,361$0▼ $91,361
Savings and Temporary Cash Investments$465,287$76,253▼ $389,034
Prepaid Expenses and Deferred Charges$0$25,415▲ $25,415
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$380,612$-58,827▼ $439,439
Total Assets$556,648$101,668▼ $454,980
Liabilities
Accounts Payable and Accrued Expenses$176,036$160,495▼ $15,541
Total Liabilities$176,036$160,495▼ $15,541
Net Assets / Fund Balance
Total Net Assets Fund Balance$380,612$-58,827▼ $439,439
Total Liabilities and Net Assets / Fund Balance$556,648$101,668▼ $454,980
Compensation and Service Providers

Board Members and Trustees

NameTitle
George T ParkeyPresident
Robert E LangstonTrustee
-Chief Financial Officer
James C HarrisChief Operating Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,008,720
Investment Income
$24
Other Revenue
$0
Change in Net Assets
$-439,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,008,744
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,008,744
Total Revenue per Form 990
$1,008,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,339
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
Benefits to Members$1,152,844--$1,152,844
Insurance$244,432--$244,432
Fees for Services Management$50,907--$50,907
Total Functional Expenses$1,448,183$0$0$1,448,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,463,724
Total Expenses per Audited Statements$1,463,724
Total Expenses per Form 990$1,448,183
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-15,541
Other Expense Adjustments$-15,541
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

Because the officers work for the trust's related company, all organizational decisions are made during the normal course of business. The meetings were not considered separate from the daily operations of the company and therefore were not documented.

Form 990, Part VI, Section A, Line 8B

Not applicable - no separate committees

Form 990, Part VI, Section B, Line 11

A draft copy of the 990 is given to the trustees/officers, at which time they review and approve the form 990.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are not available to the public. This entity is a veba trust which provides medical benefits to or on behalf of the employees of the plan sponsor which is a private enterprise.

Filing and Contact Details

Filer

Filer Name
Langston Companies Inc Benefit Programs Trust
EIN
58-1573232
Phone
9017744440
Address
PO BOX 60, MEMPHIS, TN 38108-0060

Signing Officer

Name
James C Harris
Title
Chief Financial Officer
Phone
9017744440
Signed
2016-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James C Harris
Formed
1984
Legal Domicile
Tn
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Reynolds Bone & Griesbeck Plc
Address
5100 WHEELIS DRIVE SUITE 300, MEMPHIS, TN 38117-4568
Preparer
Carl J Haag
Phone
9016822431
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year

Financial Statement Notes

PART X, LINE 2:

U.s. Gaap require plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Changes in benefit obligations -15,541.

Raw XML Appendix318 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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IRS990/ActivityOrMissionDesc0A VOLUNTARY EMPLOYEE BENEFICIARY ASSOC TRUST TO PROVIDE EMPLOYEES WITH CERTAIN BENEFITS SUCH AS LIFE, DISABILITY, HEALTH AND SURGICAL CARE AND TO MANAGE FUNDS OF THE TRUST.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF FINANCIAL OFFICER
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0A VOLUNTARY EMPLOYEE BENEFICIARY ASSOC TRUST TO PROVIDE EMPLOYEES WITH CERTAIN BENEFITS SUCH AS LIFE, DISABILITY, HEALTH AND SURGICAL CARE AND TO MANAGE FUNDS OF THE TRUST.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0-58827
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGES IN BENEFIT OBLIGATIONS -15,541.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BECAUSE THE OFFICERS WORK FOR THE TRUST'S RELATED COMPANY, ALL ORGANIZATIONAL DECISIONS ARE MADE DURING THE NORMAL COURSE OF BUSINESS. THE MEETINGS WERE NOT CONSIDERED SEPARATE FROM THE DAILY OPERATIONS OF THE COMPANY AND THEREFORE WERE NOT DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE - NO SEPARATE COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE 990 IS GIVEN TO THE TRUSTEES/OFFICERS, AT WHICH TIME THEY REVIEW AND APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. THIS ENTITY IS A VEBA TRUST WHICH PROVIDES MEDICAL BENEFITS TO OR ON BEHALF OF THE EMPLOYEES OF THE PLAN SPONSOR WHICH IS A PRIVATE ENTERPRISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANUFACTURING & SALES OF PACKAGING PRODUCTS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LANGSTON COMPANIES INC
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IRS990/TotalAssetsGrp/BOYAmt0556648
IRS990/TotalAssetsGrp/EOYAmt0101668
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01448183
IRS990/TotalFunctionalExpensesGrp/TotalAmt01448183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176036
IRS990/TotalLiabilitiesEOYAmt0160495
IRS990/TotalLiabilitiesGrp/BOYAmt0176036
IRS990/TotalLiabilitiesGrp/EOYAmt0160495
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0380612
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-58827
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01448183
IRS990/TotalProgramServiceRevenueAmt01008720
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01008720
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01008744
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0556648
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101668
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 60
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0381080060
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES C HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09017744440
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANGSTON COMPANIES INC BENEFIT PROGRAMS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LANG
ReturnHeader/Filer/EIN0581573232
ReturnHeader/Filer/PhoneNum09017744440
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 60
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0381080060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0620428728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REYNOLDS BONE & GRIESBECK PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 WHEELIS DRIVE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381174568
ReturnHeader/PreparerPersonGrp/PhoneNum09016822431
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL J HAAG
ReturnHeader/ReturnTs02016-10-10T14:45:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-12-01
ReturnHeader/TaxPeriodEndDt02015-11-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.08$0.59$0.78$0.96$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.06$0.77$1.09$0.74$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.06$0.43$1.09$1.01$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.10$0.35$1.09$0.80$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.15$0.09$0.06$1.20$1.32$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.16$0.18$1.25$1.20$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.31$0.13$1.39$1.21$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.21$0.06$1.39$1.46$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.06$0.01$1.42$1.35$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.16$0.06$1.01$1.45$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.18$0.38$1.07$1.01$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.09$0.31$1.50
2012Summary only. Only limited summary data is available for this year.$0.61$0.05$0.55$0.98$1.22$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.10$0.79$0.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.04$0.57$0.68