Civic Intelligence

Fogelman Properties Inc Employee Benefit Trust

EIN 58-1749514 • 501(c)9 • Memphis, TN

Profile

SEE PART III 4A

6060 Poplar Avenue Suite 200Memphis, TN 38119-3612

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

80th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2019

Net Margin

18th percentile

-1636%

Higher net margin than 18% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2019

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

-100%

Faster asset growth than 46% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-98%

Faster revenue growth than 21% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $2,837,525 (-100%) from 2018

Liabilities

Down

$0

Down $616,675 (-100%) from 2018

Net Assets

Down

$0

Down $2,220,850 (-100%) from 2018

Revenue

Down

$134,918

Down $5,950,520 (-98%) from 2018

Expenses

Down

$2,341,529

Down $3,653,899 (-61%) from 2018

Net Income

Down

-$2,206,611

Down $2,296,621 (-2552%) from 2018

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,904,012Liabilities 2011: $171,973Net Assets 2011: $1,732,0392011Assets 2012: $1,200,093Liabilities 2012: $285,986Net Assets 2012: $914,1072012Assets 2013: $836,756Liabilities 2013: $327,634Net Assets 2013: $509,1222013Assets 2014: $791,006Liabilities 2014: $183,309Net Assets 2014: $607,6972014Assets 2015: $783,082Liabilities 2015: $334,958Net Assets 2015: $448,1242015Assets 2016: $1,561,692Liabilities 2016: $293,033Net Assets 2016: $1,268,6592016Assets 2017: $2,369,183Liabilities 2017: $238,343Net Assets 2017: $2,130,8402017Assets 2018: $2,837,525Liabilities 2018: $616,675Net Assets 2018: $2,220,8502018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $2,163,4962011Expenses 2012: $3,347,5802012Revenue 2013: $2,633,298Expenses 2013: $3,038,283Net Income 2013: -$404,9852013Revenue 2014: $3,315,241Expenses 2014: $3,216,666Net Income 2014: $98,5752014Revenue 2015: $3,543,869Expenses 2015: $3,703,442Net Income 2015: -$159,5732015Revenue 2016: $4,749,423Expenses 2016: $3,928,888Net Income 2016: $820,5352016Revenue 2017: $5,614,892Expenses 2017: $4,752,711Net Income 2017: $862,1812017Revenue 2018: $6,085,438Expenses 2018: $5,995,428Net Income 2018: $90,0102018Revenue 2019: $134,918Expenses 2019: $2,341,529Net Income 2019: -$2,206,6112019

Highlighted filing

2019

Revenue$134,918
Expenses$2,341,529
Net Income-$2,206,611

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Jul 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$134,918
Mission and Program Overview

Mission

SEE PART III 4A

SEE "PART III 4A".

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,731,215$0▼ $2,731,215
Rtn Earn Endowment Incm Other Fnds$2,220,850$0▼ $2,220,850
Accounts Receivable$106,310$0▼ $106,310
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,837,525$0▼ $2,837,525
Other Assets Total-$0-
Liabilities
Other Liabilities$605,675$0▼ $605,675
Accounts Payable and Accrued Expenses$11,000$0▼ $11,000
Total Liabilities$616,675$0▼ $616,675
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,220,850$0▼ $2,220,850
Total Liabilities and Net Assets / Fund Balance$2,837,525$0▼ $2,837,525
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$134,918
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,206,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$535,329
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$1,806,200--$1,806,200
Insurance$326,164--$326,164
Fees for Services Management$191,865--$191,865
Fees for Services Legal$12,000--$12,000
Fees for Services Accounting$5,300--$5,300
Total Functional Expenses$2,341,529$0$0$2,341,529
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
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 both trustees 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 11B

A draft copy of the 990 is given to the trustees, 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
Fogelman Properties Inc Employee
EIN
58-1749514
Phone
9017676500
Address
6060 POPLAR AVENUE SUITE 200, MEMPHIS, TN 38119-3612

Signing Officer

Name
Earl Williams Jr
Title
CFO
Phone
9017676500
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earl Williams Jr
Formed
1985
Legal Domicile
Tn
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Kathy Pennella
Phone
9016855575
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Interlocation transfer -14,239.

Form 990, Part XII, Line 2C

No change in oversight process or selection process during the tax year

Raw XML Appendix334 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
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IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE "PART III 4A".
IRS990/BenefitsToMembersGrp/ProgramServicesAmt01806200
IRS990/BenefitsToMembersGrp/TotalAmt01806200
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IRS990/BooksInCareOfDetail/PhoneNum09017676500
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0134918
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0SEE PART III 4A
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-14239
IRS990/OtherLiabilitiesGrp/BOYAmt0605675
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS REIMBURS
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IRS990/ProgramServiceRevenueGrp/Desc3REINSURANCE RECEIVED
IRS990/ProgramServiceRevenueGrp/ExclusionAmt095065
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NO ASSETS TO DISTRIBUTE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02019-06-01
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IRS990ScheduleN/ReceiveCompensationInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BECAUSE BOTH TRUSTEES 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, 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/ExplanationTxt4INTERLOCATION TRANSFER -14,239.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EARL WILLIAMS JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09017676500
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOGELMAN PROPERTIES INC EMPLOYEE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0FOGE
ReturnHeader/Filer/EIN0581749514
ReturnHeader/Filer/PhoneNum09017676500
ReturnHeader/Filer/USAddress/AddressLine1Txt06060 POPLAR AVENUE SUITE 200
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0381193612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A1463825CFE8A52AF29F923C677FDB4FF3776A8E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.221.96.207
ReturnHeader/FilingSecurityInformation/IPDt02020-07-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:44:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274080201
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBIZ MHM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVENUE THIRTIETH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038137
ReturnHeader/PreparerPersonGrp/PhoneNum09016855575
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHY PENNELLA
ReturnHeader/ReturnTs02020-07-09T11:50:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02019

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