Civic Intelligence

Peruna Properties Inc

990 • Fiscal year 2011 • EIN 75-2806008

Jun 01, 2010 to May 31, 2011 • Filed on Apr 11, 2012

Organization ProfileN/A
PO Box 75026175275-0261
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $27,820,252 (-100%) from 2010

Net Assets

Down

-$21,455,088

Down $278,972 (-1.3%) from 2010

Liabilities

Down

$21,455,088

Down $27,541,280 (-56%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$278,972

Down $435,039 (-61%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$60M$40M$20M$0-$20M-$40MAssets 2010: $27,820,252Liabilities 2010: $48,996,368Net Assets 2010: -$21,176,1162010Assets 2011: $0Liabilities 2011: $21,455,088Net Assets 2011: -$21,455,0882011Assets 2012: $0Liabilities 2012: $21,455,088Net Assets 2012: -$21,455,0882012Assets 2013: $0Liabilities 2013: $21,455,088Net Assets 2013: -$21,455,0882013Assets 2014: $0Liabilities 2014: $21,455,088Net Assets 2014: -$21,455,0882014Assets 2015: $0Liabilities 2015: $21,455,088Net Assets 2015: -$21,455,0882015Assets 2016: $0Liabilities 2016: $21,455,088Net Assets 2016: -$21,455,0882016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2011

Assets$0
Liabilities$21,455,088
Net Assets-$21,455,088
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Expenses 2010: $714,0112010Expenses 2011: $278,9722011Expenses 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2011

Revenue-
Expenses$278,972
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2010 to May 31, 2011
Signed
Apr 11, 2012
Return Version
2010v3.7
Gross Receipts
$0
Mission and Program Overview

Mission

The organization's exempt purpose is to acquire, own and manage real estate adjacent to or in the near vicinity of the southern methodist university campus on behalf of southern methodist university.

Filing and Contact Details

Filer

EIN
75-2806008
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CONSOLIDATED FINANCIAL STATEMENTS FOR SOUTHERN METHODIST UNIVERSITY AND SUPPORTING ORGANIZATIONS INCLUDED THE FOLLOWING FOOTNOTE: THE UNIVERSITY COMPLIES WITH THE REQUIREMENTS OF ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC 740 PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, AND ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR UNCERTAIN TAX POSITIONS. THE UNIVERSITY AND ITS CONTROLLED CORPORATIONS DO NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THEREFORE HAVE RECORDED NO LIABILITY OR BENEFIT FOR SUCH POSITIONS FOR THE YEAR ENDED MAY 31,2011 AND 2010.
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IRS990ScheduleN/Form990ScheduleNPartIII/Explanation0THE PROPERTY WAS TRANSFERRED TO SOUTHERN METHODIST UNIVERSITY A 501C3 TAX EXEMPT ORGANIZATION PERUNA PROPERTIES INC IS A SUPPORTING ORGANIZATION FOR SOUTHERN METHODIST UNIVERSITY ALL THE OFFICERS OF PERUNA PROPERTIES INC ARE FULL TIME EMPLOYEES OF SOUTHERN METHODIST UNIVERSITY THE SUPPORTED ORGANIZATION
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IRS990ScheduleO/GeneralExplanation/Explanation0PART IV LINE 28C - PERUNA PROPERTIES INC. IS A SUPPORTING ORGANIZATION FOR SOUTHERN METHODIST UNIVERSITY. SOME OFFICERS OF PERUNA PROPERTIES INC. ARE ALSO OFFICERS OF SOUTHERN METHODIST UNIVERSITY. ANY TRANSACTION BETWEEN SOUTHERN METHODIST UNIVERSITY AND PERUNA PROPERTIES INC. ARE IDENTIFIED IN SCHEDULE R, PART V.
IRS990ScheduleO/GeneralExplanation/Explanation1LINE 13 - FOR FY 2011, WHISTLEBLOWERS WOULD USE THE WHISTLEBLOWER POLICY OF THE SOLE MEMBER, SOUTHERN METHODIST UNIVERSITY. THE CORPORATION EXPECTS TO ADOPT A WRITTEN WHISTLEBLOWER POLICY FOR THE CORPORATION. LINE 15A AND 15B - PERUNA PROPERTIES IS A SUPPORTING ORGANIZATION FOR SOUTHERN METHODIST UNIVERSITY, A 501(C)(3) TAX EXEMPT ORGANIZATION. THE OFFICERS RECEIVE EMPLOYMENT COMPENSATION FROM SOUTHERN METHODIST UNIVERSITY.
IRS990ScheduleO/GeneralExplanation/Explanation2SOUTHERN METHODIST UNIVERSITY IS THE SOLE MEMBER OF THE CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation3AN ELECTRONIC COPY OF THE COMPLETED FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE FOR A DETAILED AND CONSCIENTIOUS REVIEW BY ALL OFFICERS. ALL QUESTIONS AND CONCERNS OF THE GOVERNING BODY ARE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS REQUIRED.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CONFLICT OF INTEREST INFORMATION IS GATHERED BY AND FOR SOUTHERN METHODIST UNIVERSITY (SMU), THE SOLE MEMBER OF THE CORPORATION ON AN ANNUAL BASIS. THOSE CONFLICT OF INTEREST INQUIRIES WOULD HAVE GENERATED INFORMATION ABOUT CONFLICTS RELATING TO THE CORPORATION. THE DISCLOSURES ARE REVIEWED BY A SOUTHERN METHODIST UNIVERSITY BOARD COMMITTEE TO DETERMINE WHETHER A MATERIAL CONFLICT OF INTEREST EXISTS OR IS THREATENED. IN THE EVENT OF SUCH A FINDING, SUCH ACTION AS MAY BE NECESSARY IS TAKEN TO ELIMINATE THE CONFLICT OR OTHERWISE SAFEGUARD THE INTEREST OF THE UNIVERSITY. THE CONFLICT OF INTEREST POLICY ESTABLISHED BY SMU WAS SENT OUT TO ALL OFFICERS AND EMPLOYEES WITH ADMINISTRATIVE RESPONSIBILITIES, AS DESIGNATED BY THE PRESIDENT, TOGETHER WITH AN EXPLANATION AND AN INFORMATION STATEMENT DESIGNED TO FACILITATE THE DISCLOSURES REQUIRED BY THE CONFLICT OF INTEREST POLICY. THIS INFORMATION STATEMENT IS TO BE COMPLETED AND RETURNED TO THE PRESIDENT. DISCLOSURES REQUIRED BY THIS POLICY ARE EXPECTED TO BE MADE BY COMPLETING AND FILING A WRITTEN STATEMENT DESCRIBING SUCH ACTUAL OR THREATENED CONFLICT OF INTEREST. THE DISCLOSURE STATEMENT IS EXPECTED TO BE REVIEWED BY A COMMITTEE COMPOSED OF THE PRESIDENT AND THE BOARD MEMBER WHO IS THE ASSOCIATE GENERAL COUNSEL DESIGNATED BY THE VICE PRESIDENT FOR LEGAL AFFAIRS OF SOUTHERN METHODIST UNIVERSITY, AND THE BOARD MEMBER WHO IS THE VICE PRESIDENT FOR DEVELOPMENT AND EXTERNAL AFFAIRS OF SOUTHERN METHODIST UNIVERSITY, FOR THE PURPOSE OF DETERMINING WHETHER A MATERIAL CONFLICT OF INTEREST EXISTS OR IS THREATENED. IN THE EVENT OF SUCH A FINDING, THE PRESIDENT IS TO TAKE ACTIONS NECESSARY IN HER JUDGMENT TO ELIMINATE THE CONFLICT OR OTHERWISE SAFEGUARD THE INTEREST OF THE CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation6PERUNA PROPERTIES INC. IS A SUPPORTING ORGANIZATION FOR SOUTHERN METHODIST UNIVERSITY. THE OFFICERS ARE ALL FULL TIME EMPLOYEES OF SOUTHERN METHODIST UNIVERSITY AND WORK AS NEEDED ON PERUNA PROPERTIES INC BUSINESS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE FINANCIAL STATEMENTS FOR PERUNA PROPERTIES INC. WERE INCLUDED IN THE AUDITED FINANCIAL STATEMENTS FOR SOUTHERN METHODIST UNIVERSITY. THE AUDIT COMMITTEE FOR SOUTHERN METHODIST UNIVERSITY, THE SUPPORTED ORGANIZATION, IS RESPONSIBLE FOR REVIEWING THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND ACCOMPANYING FOOTNOTES WHICH INCLUDE PERUNA PROPERTIES INC. DURING THE AUDIT COMMITTEE MEETING, THE COMMITTEE MEMBERS ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS OF MANAGEMENT AND THE AUDIT FIRM. SIGNIFICANT TRANSACTIONS ARE HIGHLIGHTED IN THE EXECUTIVE SUMMARY.
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IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XII
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IRS990ScheduleR/Form990ScheduleRPartII/EIN1204039621
IRS990ScheduleR/Form990ScheduleRPartII/EIN2204216744
IRS990ScheduleR/Form990ScheduleRPartII/EIN3204217087
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IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1509A3
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IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState4TX
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10SOUTHERN METHODIST UNIVERSITY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11PERUNA HOLDINGS CORPORATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine12MUSTANG MOCKINGBIRD CORPORATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine13MUSTANG AIRLINE CORPORATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine14MUSTANG MOCKINGBIRD PROPERTIES
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IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities4SUPPORTING
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IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10THE TRANSACTIONS MARKED YES ABOVE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$21,455,088
Net assets
-$21,455,088
Revenue
-
Expenses
$278,972
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$21.5$21.5$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$21.5$21.5$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$21.5$21.5$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$21.5$21.5$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$21.5$21.5$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$21.5$21.5$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$49.0$21.2$0.71