Civic Intelligence

L&B Depp Inc

990 • Fiscal year 2018 • EIN 75-2847878

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 23, 2019

Organization ProfileN/A
5910 N Central Expressway No 1200Dallas, TX 75206

(214) 989-0800

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.24x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2018 filings • $25M-$50M nonprofits • Source year 2018

Asset Growth

49th percentile

1.9%

Faster asset growth than 49% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

27%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$46,449,837

Up $882,103 (+1.9%) from 2017

Net Assets

Up

$45,708,380

Up $435,121 (+1.0%) from 2017

Liabilities

Up

$741,457

Up $446,982 (+152%) from 2017

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin99th percentile

Revenue

Up

$3,112,155

Up $659,486 (+27%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$3,112,155

Up $659,486 (+27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$60M$40M$20M$0Assets 2011: $50,592,115Liabilities 2011: $531,266Net Assets 2011: $50,060,8492011Assets 2012: $50,678,027Liabilities 2012: $379,588Net Assets 2012: $50,298,4392012Assets 2013: $51,872,944Liabilities 2013: $483,153Net Assets 2013: $51,389,7912013Assets 2014: $51,417,847Liabilities 2014: $545,429Net Assets 2014: $50,872,4182014Assets 2015: $51,016,138Liabilities 2015: $245,631Net Assets 2015: $50,770,5072015Assets 2016: $45,815,006Liabilities 2016: $484,739Net Assets 2016: $45,330,2672016Assets 2017: $45,567,734Liabilities 2017: $294,475Net Assets 2017: $45,273,2592017Assets 2018: $46,449,837Liabilities 2018: $741,457Net Assets 2018: $45,708,3802018Assets 2019: $17,886,433Liabilities 2019: $561,663Net Assets 2019: $17,324,7702019Assets 2020: $21,309,554Liabilities 2020: $1,346,697Net Assets 2020: $19,962,8572020Assets 2021: $29,133,648Liabilities 2021: $6,939,708Net Assets 2021: $22,193,9402021Assets 2022: $31,311,695Liabilities 2022: $2,688,951Net Assets 2022: $28,622,7442022Assets 2023: $29,460,077Liabilities 2023: $3,028,763Net Assets 2023: $26,431,3142023Assets 2024: $964,206Liabilities 2024: $14,797Net Assets 2024: $949,4092024

Highlighted filing

2018

Assets$46,449,837
Liabilities$741,457
Net Assets$45,708,380
Open 2018 Filing

Operations Trend

Revenue Growth82nd percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $6,288,527Expenses 2011: $0Net Income 2011: $6,288,5272011Expenses 2012: $02012Revenue 2013: $4,137,850Expenses 2013: $0Net Income 2013: $4,137,8502013Revenue 2014: $3,442,536Expenses 2014: $0Net Income 2014: $3,442,5362014Revenue 2015: $3,491,705Expenses 2015: $0Net Income 2015: $3,491,7052015Revenue 2016: $3,061,948Expenses 2016: $0Net Income 2016: $3,061,9482016Revenue 2017: $2,452,669Expenses 2017: $0Net Income 2017: $2,452,6692017Revenue 2018: $3,112,155Expenses 2018: $0Net Income 2018: $3,112,1552018Revenue 2019: $5,402,553Expenses 2019: $0Net Income 2019: $5,402,5532019Revenue 2020: -$12,224Expenses 2020: $0Net Income 2020: -$12,2242020Revenue 2021: -$258,980Expenses 2021: $5,407,887Net Income 2021: -$5,666,8672021Revenue 2022: $1,482,352Expenses 2022: $0Net Income 2022: $1,482,3522022Revenue 2023: $1,480,417Expenses 2023: $0Net Income 2023: $1,480,4172023Revenue 2024: $5,761,258Expenses 2024: $0Net Income 2024: $5,761,2582024

Highlighted filing

2018

Revenue$3,112,155
Expenses$0
Net Income$3,112,155
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 23, 2019
Return Version
2018v3.1
Gross Receipts
$4,842,284
Mission and Program Overview

Mission

The company is organized for the exclusive purpose of acquiring real property and remitting the net income from such property to the tax-exempt organizations which are the beneficiaries of the organization.

The company is organized for the purpose of acquiring real property and remitting the net income from such property to the tax-exempt organizations that are the beneficiaries of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$44,700,000$45,800,000▲ $1,100,000
Rtn Earn Endowment Incm Other Fnds$45,273,259$45,708,380▲ $435,121
Cash and Non-Interest-Bearing Accounts$720,767$556,592▼ $164,175
Prepaid Expenses and Deferred Charges$50,591$53,679▲ $3,088
Accounts Receivable$96,376$39,566▼ $56,810
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$45,567,734$46,449,837▲ $882,103
Liabilities
Other Liabilities$294,475$741,457▲ $446,982
Total Liabilities$294,475$741,457▲ $446,982
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,273,259$45,708,380▲ $435,121
Total Liabilities and Net Assets / Fund Balance$45,567,734$46,449,837▲ $882,103

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$45,800,000--
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Christine M MullisChairman of the Board & CEO
Eric R SmithPresident
Jennifer a HansonTreasurer & Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
L&b Realty Advisors LLPAsset Management Fee5910 NORTH CENTRAL EXPY SUITE 1200, Dallas, TX 75206$165,550
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$944,790
Other Revenue
$2,167,365
Change in Net Assets
$3,112,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$702,218
Security Deposits$39,239
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Dow employees' pension plan (dow) is the sole stockholder of l&b depp, inc. These shares are common stock with voting rights.”

Form 990, Part VI, Section A, Line 7A

“There are three board members with voting rights. The organization's stockholder also has voting rights as part of the governing board, including the appointment of directors. The members of the governing board elect officers and approve previously elected officers annually.”

Form 990, Part VI, Section A, Line 7B

“The directors must approve all major decisions made by the officers.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the officers and members of the governing board along with a formalized check list to aid in the review process. This review is completed prior to filing of this form.”

Form 990, Part VI, Section B, Line 12

“L&b realty advisors, llp is engaged as a management company for this project and has written policies in place for the following: conflict of interest, compliance, whistleblower, document retention and destruction, and compensation. The officers of l&b depp, inc. Are employees of l&b realty advisors, llp and therefore follow these policies.”

Form 990, Part VI, Section C, Line 19

“The organization makes available to the public its governing documents, conflict of interest policy, and financial statements upon request to: jennifer hanson l&b realty advisors, llp 5910 north central expressway, suite 1200 dallas, tx 75206”

Filing and Contact Details

Filer

Filer Name
L&b Depp Inc
EIN
75-2847878
Phone
2149890800
Address
5910 N CENTRAL EXPRESSWAY NO 1200, DALLAS, TX 75206

Signing Officer

Name
Jennifer Hanson
Title
Treasurer & Secretery
Phone
2149890800
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Mullis
Formed
1999
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Moss Adams Llp
Address
13727 NOEL ROAD STE 300, DALLAS, TX 75240
Preparer
Pamela Alexanderson
Phone
9724582296
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Distributions -3,411,611.”

FORM 990, PART XII, LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The plan has been classified as a qualified trust under section 401(a) of the internal revenue code of 1986 (the "code") and the investment manager believes it continues to comply with the requirements of section 501(a) of the code. Accordingly, the plan is exempt from income taxes, and no income tax provision is provided. If an uncertain income tax position were to be identified, the plan would account for such in accordance with accounting standards codification topic 740, income taxes. Accounting standards codification topic 740, income taxes (asc 740), provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. Asc 740 requires the evaluation of tax positions taken in the course of preparing the plan's tax returns to determine whether tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year.”

Raw XML Appendix353 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/AccountsReceivableGrp/BOYAmt096376
IRS990/AccountsReceivableGrp/EOYAmt039566
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE COMPANY IS ORGANIZED FOR THE PURPOSE OF ACQUIRING REAL PROPERTY AND REMITTING THE NET INCOME FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE THE BENEFICIARIES OF THE ORGANIZATION.
IRS990/AllAffiliatesIncludedInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0L&B REALTY ADVISORS LLP
IRS990/BooksInCareOfDetail/PhoneNum02149890800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05910 N CENTRAL EXPY STE 1200
IRS990/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075206
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0720767
IRS990/CashNonInterestBearingGrp/EOYAmt0556592
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0165550
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt05910 NORTH CENTRAL EXPY SUITE 1200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd075206
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0L&B REALTY ADVISORS LLP
IRS990/ContractorCompensationGrp/ServicesDesc0ASSET MANAGEMENT FEE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0944790
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt02167365
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03112155
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03112155
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ENTITY OPERATED THE RENTAL REAL ESTATE PROPERTY FOR ITS EXEMPT BENEFICIARY, DOW EMPLOYEES' PENSION PLAN (FEDERAL TAX NUMBER: 38-6184045)
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTINE M MULLIS
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC R SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNIFER A HANSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER & SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0943524
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01030200
IRS990/GrossReceiptsAmt04842284
IRS990/GrossRentsGrp/RealAmt03810818
IRS990/GroupExemptionNum00000
IRS990/GroupReturnForAffiliatesInd01
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01266
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01266
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt044700000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt045800000
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt086676
IRS990/LessRentalExpensesGrp/RealAmt01643453
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COMPANY IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY AND REMITTING THE NET INCOME FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE THE BENEFICIARIES OF THE ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt045273259
IRS990/NetAssetsOrFundBalancesEOYAmt045708380
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0943524
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0943524
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02167365
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02167365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0734577
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3411611
IRS990/OtherLiabilitiesGrp/BOYAmt0294475
IRS990/OtherLiabilitiesGrp/EOYAmt0741457
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050591
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053679
IRS990/PrincipalOfficerNm0CHRISTINE MULLIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02223
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt02450446
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02452669
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02452669
IRS990/ReconcilationRevenueExpnssAmt03112155
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt02167365
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt045273259
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt045708380
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt045800000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REAL ESTATE PROPERTY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0702218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN HAS BEEN CLASSIFIED AS A QUALIFIED TRUST UNDER SECTION 401(A) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") AND THE INVESTMENT MANAGER BELIEVES IT CONTINUES TO COMPLY WITH THE REQUIREMENTS OF SECTION 501(A) OF THE CODE. ACCORDINGLY, THE PLAN IS EXEMPT FROM INCOME TAXES, AND NO INCOME TAX PROVISION IS PROVIDED. IF AN UNCERTAIN INCOME TAX POSITION WERE TO BE IDENTIFIED, THE PLAN WOULD ACCOUNT FOR SUCH IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES (ASC 740), PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN IN THE COURSE OF PREPARING THE PLAN'S TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX BENEFITS OF POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt045800000
IRS990ScheduleD/TotalLiabilityAmt0741457
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOW EMPLOYEES' PENSION PLAN (DOW) IS THE SOLE STOCKHOLDER OF L&B DEPP, INC. THESE SHARES ARE COMMON STOCK WITH VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE THREE BOARD MEMBERS WITH VOTING RIGHTS. THE ORGANIZATION'S STOCKHOLDER ALSO HAS VOTING RIGHTS AS PART OF THE GOVERNING BOARD, INCLUDING THE APPOINTMENT OF DIRECTORS. THE MEMBERS OF THE GOVERNING BOARD ELECT OFFICERS AND APPROVE PREVIOUSLY ELECTED OFFICERS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS MUST APPROVE ALL MAJOR DECISIONS MADE BY THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO THE OFFICERS AND MEMBERS OF THE GOVERNING BOARD ALONG WITH A FORMALIZED CHECK LIST TO AID IN THE REVIEW PROCESS. THIS REVIEW IS COMPLETED PRIOR TO FILING OF THIS FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4L&B REALTY ADVISORS, LLP IS ENGAGED AS A MANAGEMENT COMPANY FOR THIS PROJECT AND HAS WRITTEN POLICIES IN PLACE FOR THE FOLLOWING: CONFLICT OF INTEREST, COMPLIANCE, WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, AND COMPENSATION. THE OFFICERS OF L&B DEPP, INC. ARE EMPLOYEES OF L&B REALTY ADVISORS, LLP AND THEREFORE FOLLOW THESE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST TO: JENNIFER HANSON L&B REALTY ADVISORS, LLP 5910 NORTH CENTRAL EXPRESSWAY, SUITE 1200 DALLAS, TX 75206
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DISTRIBUTIONS -3,411,611.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0L&B DEPP MERRIFIELD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1L&B DEPP MEMPHIS TRADE CENTER II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2DOW EMPLOYEES' PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752855450
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1752941569
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2386184045
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(18)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05910 N CENTRAL EXPRESSWAY SUITE 120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt15910 N CENTRAL EXPRESSWAY SUITE 120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22030 DOW CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075206
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd175206
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd248674
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt045567734
IRS990/TotalAssetsEOYAmt046449837
IRS990/TotalAssetsGrp/BOYAmt045567734
IRS990/TotalAssetsGrp/EOYAmt046449837
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0294475
IRS990/TotalLiabilitiesEOYAmt0741457
IRS990/TotalLiabilitiesGrp/BOYAmt0294475
IRS990/TotalLiabilitiesGrp/EOYAmt0741457
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045273259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045708380
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03110889
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03112155
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045567734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt046449837
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05910 N CENTRAL EXPRESSWAY NO 1200
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075206
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER HANSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER & SECRETERY
ReturnHeader/BusinessOfficerGrp/PhoneNum02149890800
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0L&B DEPP INC
ReturnHeader/Filer/BusinessNameControlTxt0L&BD
ReturnHeader/Filer/EIN0752847878
ReturnHeader/Filer/PhoneNum02149890800
ReturnHeader/Filer/USAddress/AddressLine1Txt05910 N CENTRAL EXPRESSWAY NO 1200
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075206
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D9A899B781DD6BFD3635E74EC5796D2890CEAA49
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.129.7.100
ReturnHeader/FilingSecurityInformation/IPDt02019-07-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm010:05:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSS ADAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013727 NOEL ROAD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075240
ReturnHeader/PreparerPersonGrp/PhoneNum09724582296
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA ALEXANDERSON
ReturnHeader/ReturnTs02019-07-25T15:43:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,449,837
Liabilities
$741,457
Net assets
$45,708,380
Revenue
$3,112,155
Expenses
$0
Net income
$3,112,155
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$5.76$0.00$5.76
2023Detailed filing. Detailed filing data is available for this year.$29.5$3.03$26.4$1.48$0.00$1.48
2022Detailed filing. Detailed filing data is available for this year.$31.3$2.69$28.6$1.48$0.00$1.48
2021Detailed filing. Detailed filing data is available for this year.$29.1$6.94$22.2$0.26$5.41$5.67
2020Detailed filing. Detailed filing data is available for this year.$21.3$1.35$20.0$0.01$0.00$0.01
2019Detailed filing. Detailed filing data is available for this year.$17.9$0.56$17.3$5.40$0.00$5.40
2018Detailed filing. Detailed filing data is available for this year.$46.4$0.74$45.7$3.11$0.00$3.11
2017Detailed filing. Detailed filing data is available for this year.$45.6$0.29$45.3$2.45$0.00$2.45
2016Detailed filing. Detailed filing data is available for this year.$45.8$0.48$45.3$3.06$0.00$3.06
2015Detailed filing. Detailed filing data is available for this year.$51.0$0.25$50.8$3.49$0.00$3.49
2014Detailed filing. Detailed filing data is available for this year.$51.4$0.55$50.9$3.44$0.00$3.44
2013Detailed filing. Detailed filing data is available for this year.$51.9$0.48$51.4$4.14$0.00$4.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.7$0.38$50.3$0.00
2011Summary only. Only limited summary data is available for this year.$50.6$0.53$50.1$6.29$0.00$6.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)25 • $25M-$50M nonprofits