Civic Intelligence

Howard Scott Residuary Trust UW First Ala Bk

990 • Fiscal year 2017 • EIN 63-6143917

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

Organization ProfileN/A
Regions Bank Ttee P O Drawer 1628Mobile, AL 36616-1628

(251) 438-8083

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

39th percentile

$21,954

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

50th percentile

3.3%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,764,485

Up $56,404 (+3.3%) from 2016

Net Assets

Up

$1,764,485

Up $56,404 (+3.3%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin86th percentile

Revenue

Up

$168,112

Up $85,244 (+103%) from 2016

Expenses

Up

$111,708

Up $13,721 (+14%) from 2016

Net Income

Up

$56,404

Up $71,523 (+473%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,513,252Liabilities 2010: $0Net Assets 2010: $1,513,2522010Assets 2011: $1,441,444Liabilities 2011: $0Net Assets 2011: $1,441,4442011Assets 2012: $1,550,647Liabilities 2012: $0Net Assets 2012: $1,550,6472012Assets 2013: $1,638,112Liabilities 2013: $0Net Assets 2013: $1,638,1122013Assets 2014: $1,644,656Liabilities 2014: $0Net Assets 2014: $1,644,6562014Assets 2015: $1,723,239Liabilities 2015: $0Net Assets 2015: $1,723,2392015Assets 2016: $1,708,081Liabilities 2016: $0Net Assets 2016: $1,708,0812016Assets 2017: $1,764,485Liabilities 2017: $0Net Assets 2017: $1,764,4852017Assets 2018: $1,868,949Liabilities 2018: $0Net Assets 2018: $1,868,9492018Assets 2019: $1,787,535Liabilities 2019: $0Net Assets 2019: $1,787,5352019Assets 2020: $1,709,111Liabilities 2020: $0Net Assets 2020: $1,709,1112020Assets 2021: $1,632,335Liabilities 2021: $0Net Assets 2021: $1,632,3352021Assets 2022: $1,712,217Liabilities 2022: $0Net Assets 2022: $1,712,2172022Assets 2023: $1,800,594Liabilities 2023: $0Net Assets 2023: $1,800,5942023Assets 2024: $1,693,603Liabilities 2024: $0Net Assets 2024: $1,693,6032024

Highlighted filing

2017

Assets$1,764,485
Liabilities$0
Net Assets$1,764,485
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$300K$200K$100K$0-$100K-$200KExpenses 2010: $122,5422010Expenses 2011: $90,7472011Expenses 2012: $103,6272012Revenue 2013: $181,692Expenses 2013: $94,227Net Income 2013: $87,4652013Revenue 2014: $107,761Expenses 2014: $101,205Net Income 2014: $6,5562014Revenue 2015: $182,281Expenses 2015: $103,675Net Income 2015: $78,6062015Revenue 2016: $82,868Expenses 2016: $97,987Net Income 2016: -$15,1192016Revenue 2017: $168,112Expenses 2017: $111,708Net Income 2017: $56,4042017Revenue 2018: $209,240Expenses 2018: $105,820Net Income 2018: $103,4202018Revenue 2019: $22,071Expenses 2019: $103,559Net Income 2019: -$81,4882019Revenue 2020: $17,819Expenses 2020: $96,365Net Income 2020: -$78,5462020Revenue 2021: $20,408Expenses 2021: $97,168Net Income 2021: -$76,7602021Revenue 2022: $155,968Expenses 2022: $76,103Net Income 2022: $79,8652022Revenue 2023: $148,869Expenses 2023: $60,484Net Income 2023: $88,3852023Revenue 2024: $41,865Expenses 2024: $148,599Net Income 2024: -$106,7342024

Highlighted filing

2017

Revenue$168,112
Expenses$111,708
Net Income$56,404
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$271,406
Mission and Program Overview

Mission

To provide financial support to the town of chatom, alabama for the sole use and benefit of washington county library for the educational and cultural benefit of the residents of washington county, alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,708,081$1,764,485▲ $56,404
Land, Buildings, and Equipment, Net$1,247,502$1,258,228▲ $10,726
Investments in Publicly Traded Securities$232,654$269,647▲ $36,993
Cash and Non-Interest-Bearing Accounts$227,925$236,610▲ $8,685
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,708,081$1,764,485▲ $56,404
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,708,081$1,764,485▲ $56,404
Total Liabilities and Net Assets / Fund Balance$1,708,081$1,764,485▲ $56,404

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,258,228--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteePT$21,954$21,954
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$165,005
Other Revenue
$3,107
Change in Net Assets
$56,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,000
Salaries, Compensation, and Employee Benefits$21,954
Other Expenses$9,754
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$80,000--$80,000
Current Officers, Directors, Trustees, and Key Employees-$21,954-$21,954
Fees for Services Accounting-$1,250-$1,250
Other Expenses-$48-$48
Total Functional Expenses$80,000$31,708$0$111,708
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of Chatom Al - Washington County LibraryChatom, ALTown of Chatom, AlFor the Educational and Cultural Benefit of the Residents of Washington County, Al.$80,000
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
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 B, Line 11B

“The entity is a trust held for management by regions bank trust department. The certified public accountants engaged by the trust department prepare the form 990 and submit it to the appropriate individuals for review and filing.”

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

“The trustee has adopted its own conflicts of interest and self-dealing policy to govern all of its fiduciary relationships. The trustee's relationship with the trust are subject to and governed by that policy. The trustee has a separate department that deals with these compliance issues. Each trust is subject to annual reviews. The trustee offers counsel and training to employees to ensure compliance, assistance in identifying potential matters of noncompliance and to escalate the resolution of any possible noncompliance problems.”

Form 990, Part VI, Section C, Line 19

“The required disclosure documentation is provided upon request.”

Filing and Contact Details

Filer

Filer Name
Howard Scott Residuary Trust Uw
EIN
63-6143917
Phone
2514388083
Address
REGIONS BANK TTEE P O DRAWER 1628, MOBILE, AL 36616-1628

Signing Officer

Name
Cullan B Duke
Title
Trust Officer
Phone
2514388083
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Regions Bank Trust Dept
Formed
2003
Legal Domicile
Al
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Smith Dukes & Buckalew Llp
Address
3800 AIRPORT BLVD, MOBILE, AL 36608-1667
Preparer
J Wilbert Jordan Jr
Phone
2513431200
Raw XML Appendix322 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
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SUPPORT TO THE TOWN OF CHATOM, ALABAMA FOR THE SOLE USE AND BENEFIT OF WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0REGIONS BANK TRUST DEPARTMENT
IRS990/BooksInCareOfDetail/PhoneNum02514388083
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011 NORTH WATER ST 28TH FL
IRS990/BooksInCareOfDetail/USAddress/CityNm0MOBILE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd036602
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt01708081
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt01764485
IRS990/CashNonInterestBearingGrp/BOYAmt0227925
IRS990/CashNonInterestBearingGrp/EOYAmt0236610
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt021954
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt021954
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt080000
IRS990/CYInvestmentIncomeAmt0165005
IRS990/CYOtherExpensesAmt09754
IRS990/CYOtherRevenueAmt03107
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt056404
IRS990/CYSalariesCompEmpBnftPaidAmt021954
IRS990/CYTotalExpensesAmt0111708
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0168112
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0NET INCOME IS PAID TO THE TOWN OF CHATOM, ALABAMA, TO BE USED BY THE WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt080000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01250
IRS990/FeesForServicesAccountingGrp/TotalAmt01250
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0REGIONS BANK TRUST DEPT
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt021954
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0157061
IRS990/GainOrLossGrp/SecuritiesAmt0123
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt080000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt080000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt080000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0165327
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt091710
IRS990/GrossReceiptsAmt0271406
IRS990/GrossRentsGrp/RealAmt06548
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt07821
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07821
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0232654
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0269647
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01247502
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01258228
IRS990/LandBldgEquipCostOrOtherBssAmt01258228
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08266
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt091587
IRS990/LessRentalExpensesGrp/RealAmt03441
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT TO THE TOWN OF CHATOM, ALABAMA FOR THE SOLE USE AND BENEFIT OF WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01708081
IRS990/NetAssetsOrFundBalancesEOYAmt01764485
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0157184
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0157184
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03107
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03107
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FORESTRY & LAND MGT EXP
IRS990/OtherExpensesGrp/Desc1TIMBER CASUALTY INSURAN
IRS990/OtherExpensesGrp/Desc2FOREIGN TAXES PAID
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11099
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt248
IRS990/OtherExpensesGrp/TotalAmt07357
IRS990/OtherExpensesGrp/TotalAmt11099
IRS990/OtherExpensesGrp/TotalAmt248
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0REGIONS BANK TRUST DEPT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt080000
IRS990/PYInvestmentIncomeAmt089827
IRS990/PYOtherExpensesAmt01200
IRS990/PYOtherRevenueAmt0-6959
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-15119
IRS990/PYSalariesCompEmpBnftPaidAmt016787
IRS990/PYTotalExpensesAmt097987
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt082868
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt056404
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03107
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TRUST MAINTAINS A CLOSE AND WORKING RELATIONSHIP WITH THE TOWN OF CHATOM AND THE WASHINGTON COUNTY LIBRARY BOARD. EACH QUARTER, THE TRUSTEE DISCUSSES THE FINANCIAL RESULTS OF THE TRUST FOR THAT PERIOD WITH THE MEMBERS OF THE LIBRARY BOARD AND ON AN ANNUAL BASIS REVIEWS THE INVESTMENT STRATEGY AND THE CURRENT INVESTMENT RETURN RECEIVED ON THE MARKETABLE SECURITIES. THE FORESTER MANAGING THE TIMBERLANDS PERIODICALLY REVIEWS THE LEASE INCOME ON THE LAND, THE ANNUAL TIMBER HARVESTING PLANS AND FORESTRY MANAGEMENT ISSUES AS THIS IS A LONG TERM AND PERPETUAL INVESTMENT FOR THE LIBRARY. THE FORESTER IS ALWAYS LOOKING FOR OPPORTUNITIES TO CAPITALIZE ON CURRENT ACTIVITY IN THE TIMBER MARKET IN ORDER TO MAXIMIZE THE RETURN ON THE TIMBER. ANY FINANCIAL NEEDS OF THE LIBRARY ARE DISCUSSED WITH THE TRUSTEE AND DISTRIBUTIONS TO THE TOWN OF CHATOM FOR THE BENEFIT OF THE LIBRARY BOARD ARE ADJUSTED IN ACCORDANCE WITH THEIR NEEDS AND THE OVERALL LONG TERM INVESTMENT NATURE OF THE TRUST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE WASHINGTON COUNTY LIBRARY BOARD REVIEWS THE INVESTMENT ACTIVITY WITH THE TRUSTEE ON A REGULAR BASIS. SINCE THE MAJOR ASSET OF THE TRUST IS TIMBERLANDS, THE LIBRARY BOARD ALSO HAS FREQUENT DISCUSSIONS WITH THE TRUST FORESTRY MANAGEMENT OFFICER OVER THE TIMBERLANDS. THE NEEDS OF THE LIBRARY BOARD AS IT RELATES TO THE EDUCATIONAL AND CULTURAL NEEDS OF THE RESIDENTS OF WASHINGTON COUNTY ARE REVIEWED AND INVESTMENT AND TIMBER MANAGEMENT DECISIONS ARE ADJUSTED IN ORDER TO MAXIMIZE THE RETURN ON THESE ASSETS AND MEET THE FINANCIAL NEEDS OF THE WASHINGTON COUNTY LIBRARY BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE SOLE SUPPORTED ENTITY OF THE HOWARD SCOTT RESIDUARY TRUST IS THE TOWN OF CHATOM, ALABAMA FOR THE BENEFIT OF THE WASHINGTON COUNTY LIBRARY IN ORDER TO EXPAND THE EDUCATIONAL AND CULTURAL EXPERIENCES OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA. BASED UPON THE LIBRARY'S FINANCIAL NEEDS FOR 2017, $80,000 WAS DISTRIBUTED TO THE TOWN OF CHATOM FOR THE LIBRARY. THIS FUNDING REPRESENTS A MAJOR PART OF THE LIBRARY'S ANNUAL OPERATING BUDGET.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1(C)
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0636003963
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt080000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TOWN OF CHATOM AL FOR THE BENEFIT OF THE WASHINGTON CNTY LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt080000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/LandGrp/BookValueAmt01258228
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01258228
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01258228
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt080000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0TOWN OF CHATOM, AL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, AL.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOWN OF CHATOM AL - WASHINGTON COUNTY LIBRARY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1057
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHATOM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd036518
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEE MEETS WITH THE OFFICIALS OF THE LIBRARY ON A REGULAR BASIS AND DISCUSSES THE FINANCIAL NEEDS OF THE LIBRARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY IS A TRUST HELD FOR MANAGEMENT BY REGIONS BANK TRUST DEPARTMENT. THE CERTIFIED PUBLIC ACCOUNTANTS ENGAGED BY THE TRUST DEPARTMENT PREPARE THE FORM 990 AND SUBMIT IT TO THE APPROPRIATE INDIVIDUALS FOR REVIEW AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEE HAS ADOPTED ITS OWN CONFLICTS OF INTEREST AND SELF-DEALING POLICY TO GOVERN ALL OF ITS FIDUCIARY RELATIONSHIPS. THE TRUSTEE'S RELATIONSHIP WITH THE TRUST ARE SUBJECT TO AND GOVERNED BY THAT POLICY. THE TRUSTEE HAS A SEPARATE DEPARTMENT THAT DEALS WITH THESE COMPLIANCE ISSUES. EACH TRUST IS SUBJECT TO ANNUAL REVIEWS. THE TRUSTEE OFFERS COUNSEL AND TRAINING TO EMPLOYEES TO ENSURE COMPLIANCE, ASSISTANCE IN IDENTIFYING POTENTIAL MATTERS OF NONCOMPLIANCE AND TO ESCALATE THE RESOLUTION OF ANY POSSIBLE NONCOMPLIANCE PROBLEMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE REQUIRED DISCLOSURE DOCUMENTATION IS PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01708081
IRS990/TotalAssetsEOYAmt01764485
IRS990/TotalAssetsGrp/BOYAmt01708081
IRS990/TotalAssetsGrp/EOYAmt01764485
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031708
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01708081
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01764485
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt080000
IRS990/TotalReportableCompFromOrgAmt021954
IRS990/TotalRevenueGrp/ExclusionAmt0168112
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0168112
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01708081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01764485
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 N WATER STREET 28TH FL
IRS990/USAddress/CityNm0MOBILE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036602
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CULLAN B DUKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUST OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02514388083
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOWARD SCOTT RESIDUARY TRUST UW
ReturnHeader/Filer/BusinessNameControlTxt0HOWA
ReturnHeader/Filer/EIN0636143917
ReturnHeader/Filer/PhoneNum02514388083
ReturnHeader/Filer/USAddress/AddressLine1Txt0REGIONS BANK TTEE P O DRAWER 1628
ReturnHeader/Filer/USAddress/CityNm0MOBILE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd0366161628
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0414F88600D21C50C7D2D765BE5D27C4E5783548A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05A5AD05A06F3A93C292605AB9C76F2792C174142
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.85.214.194
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:50:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630191630
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH DUKES & BUCKALEW LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03800 AIRPORT BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOBILE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0366081667
ReturnHeader/PreparerPersonGrp/PhoneNum02513431200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J WILBERT JORDAN JR
ReturnHeader/ReturnTs02018-11-14T08:27:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,764,485
Liabilities
$0
Net assets
$1,764,485
Revenue
$168,112
Expenses
$111,708
Net income
$56,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.04$0.15$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.15$0.06$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.16$0.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.02$0.10$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.02$0.10$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.02$0.10$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.21$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.17$0.11$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.08$0.10$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.18$0.10$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.11$0.10$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.18$0.09$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.00$1.51$0.12