Civic Intelligence

Formosa Plastics Environmental Trust

990PF • Fiscal year 2022 • EIN 74-6388418

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 03, 2023

First National Bank P O Drawer 7Port Lavaca, TX 77979

(361) 552-6726

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

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

2022 filings • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

98th percentile

137%

Higher net margin than 98% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Asset Growth

12th percentile

-17%

Faster asset growth than 12% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Down

$669,293

Down $136,089 (-17%) from 2021

Net Assets

Down

$669,293

Down $136,089 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

-$99,341

Down $108,867 (-1143%) from 2021

Expenses

Up

$36,748

Up $211 (+0.6%) from 2021

Net Income

Down

-$136,089

Down $109,078 (-404%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,013,704Liabilities 2010: $0Net Assets 2010: $1,013,7042010Assets 2011: $991,183Liabilities 2011: $0Net Assets 2011: $991,1832011Assets 2012: $1,001,867Liabilities 2012: $12012Assets 2013: $974,067Liabilities 2013: $0Net Assets 2013: $974,0672013Assets 2014: $950,029Liabilities 2014: $0Net Assets 2014: $950,0292014Assets 2015: $912,049Liabilities 2015: $0Net Assets 2015: $912,0492015Assets 2016: $876,772Liabilities 2016: $0Net Assets 2016: $876,7722016Assets 2017: $840,298Liabilities 2017: $0Net Assets 2017: $840,2982017Assets 2018: $850,922Liabilities 2018: $0Net Assets 2018: $850,9222018Assets 2019: $860,029Liabilities 2019: $0Net Assets 2019: $860,0292019Assets 2020: $832,393Liabilities 2020: $0Net Assets 2020: $832,3932020Assets 2021: $805,382Liabilities 2021: $0Net Assets 2021: $805,3822021Assets 2022: $669,293Liabilities 2022: $0Net Assets 2022: $669,2932022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$669,293
Liabilities$0
Net Assets$669,293

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $57,9252010Expenses 2011: $59,4252011Revenue 2012: $65,154Expenses 2012: $54,470Net Income 2012: $10,6842012Revenue 2013: $28,596Expenses 2013: $56,396Net Income 2013: -$27,8002013Revenue 2014: $28,375Expenses 2014: $52,413Net Income 2014: -$24,0382014Revenue 2015: $25,171Expenses 2015: $63,151Net Income 2015: -$37,9802015Revenue 2016: $15,915Expenses 2016: $51,192Net Income 2016: -$35,2772016Revenue 2017: $14,503Expenses 2017: $50,977Net Income 2017: -$36,4742017Revenue 2018: $14,268Expenses 2018: $178,644Net Income 2018: -$164,3762018Revenue 2019: $14,288Expenses 2019: $5,181Net Income 2019: $9,1072019Revenue 2020: $10,697Expenses 2020: $38,333Net Income 2020: -$27,6362020Revenue 2021: $9,526Expenses 2021: $36,537Net Income 2021: -$27,0112021Revenue 2022: -$99,341Expenses 2022: $36,748Net Income 2022: -$136,0892022Revenue 2023: $2,203Expenses 2023: $671,496Net Income 2023: -$669,2932023

Highlighted filing

2022

Revenue-$99,341
Expenses$36,748
Net Income-$136,089
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 3, 2023
Return Version
2022v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WH Bauer JR First NationaTrustee-$0--
JACK WU FORMOSA PLASTICSTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Formosa Plastics Environmental Trust
EIN
74-6388418
Phone
3615526726
Address
FIRST NATIONAL BANK P O DRAWER 7, PORT LAVACA, TX 77979

Signing Officer

Name
Bobby Meeks First National Ba
Title
Vice President
Signed
2023-04-03
Discuss with paid preparer
Yes

Preparer

Firm
Bumgardner Morrison & Company LLP
Address
1501 E Mockingbird Ln STE 300, Victoria, TX 77903
Preparer
G Dennis Shay CPA
Phone
3615750271
Raw XML Appendix270 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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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt033760
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt035224
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt01464
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0101548
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt01464
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0100084
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0100084
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt033760
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0100084
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0101548
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADVERTISING
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt068
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt068
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt02479
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0FIDUCIARY FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt02479
TaxesSchedule/TaxesDetail/Amt091
TaxesSchedule/TaxesDetail/CategoryTxt0EXCISE TAX
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBY MEEKS FIRST NATIONAL BA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORMOSA PLASTICS ENVIRONMENTAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0746388418
ReturnHeader/Filer/PhoneNum03615526726
ReturnHeader/Filer/USAddress/AddressLine1Txt0FIRST NATIONAL BANK P O DRAWER 7
ReturnHeader/Filer/USAddress/CityNm0PORT LAVACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077979
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741194944
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bumgardner Morrison & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01501 E Mockingbird Ln STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Victoria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077903
ReturnHeader/PreparerPersonGrp/PhoneNum03615750271
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G DENNIS SHAY CPA
ReturnHeader/ReturnTs02023-04-03T11:32:50-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BOBBY MEEKS FIRST NA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.67$0.67
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.10$0.04$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.01$0.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.01$0.04$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.01$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.01$0.18$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.01$0.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.02$0.05$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.03$0.06$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.03$0.05$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.03$0.06$0.03
2012Summary only. Only limited summary data is available for this year.$1.00$0.00$0.07$0.05$0.01
2011Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.06
2010Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.06