Civic Intelligence

Franklin Ovid Birmingham Trust 2

990 • Fiscal year 2012 • EIN 75-6363067

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 12, 2013

P O Box 54675098
Siviq Scores

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

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

55th percentile

2.2%

Faster asset growth than 55% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,576,572

Up $98,467 (+2.2%) from 2011

Net Assets

Up

$4,490,888

Up $317,584 (+7.6%) from 2011

Liabilities

Down

$85,684

Down $219,117 (-72%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$168,875

Up $35,992 (+27%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,438,382Liabilities 2010: $305,277Net Assets 2010: $4,133,1052010Assets 2011: $4,478,105Liabilities 2011: $304,801Net Assets 2011: $4,173,3042011Assets 2012: $4,576,572Liabilities 2012: $85,684Net Assets 2012: $4,490,8882012Assets 2013: $4,866,911Liabilities 2013: $83,298Net Assets 2013: $4,783,6132013Assets 2014: $4,800,412Liabilities 2014: $82,010Net Assets 2014: $4,718,4022014Assets 2015: $4,687,291Liabilities 2015: $77,762Net Assets 2015: $4,609,5292015Assets 2016: $3,759,650Liabilities 2016: $57,862Net Assets 2016: $3,701,7882016Assets 2017: $3,758,201Liabilities 2017: $51,506Net Assets 2017: $3,706,6952017Assets 2018: $3,735,791Liabilities 2018: $47,118Net Assets 2018: $3,688,6732018Assets 2019: $3,930,067Liabilities 2019: $268,474Net Assets 2019: $3,661,5932019Assets 2020: $3,971,095Liabilities 2020: $257,431Net Assets 2020: $3,713,6642020Assets 2021: $3,889,196Liabilities 2021: $249,582Net Assets 2021: $3,639,6142021Assets 2022: $3,980,249Liabilities 2022: $241,584Net Assets 2022: $3,738,6652022Assets 2023: $3,924,451Liabilities 2023: $234,634Net Assets 2023: $3,689,8172023Assets 2024: $3,693,761Liabilities 2024: $7,785Net Assets 2024: $3,685,9762024

Highlighted filing

2012

Assets$4,576,572
Liabilities$85,684
Net Assets$4,490,888

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $125,8882010Revenue 2011: $173,814Expenses 2011: $132,883Net Income 2011: $40,9312011Expenses 2012: $168,8752012Revenue 2013: $386,136Expenses 2013: $93,413Net Income 2013: $292,7232013Revenue 2014: $251,827Expenses 2014: $317,041Net Income 2014: -$65,2142014Revenue 2015: $99,667Expenses 2015: $208,540Net Income 2015: -$108,8732015Revenue 2016: $264,208Expenses 2016: $156,650Net Income 2016: $107,5582016Revenue 2017: $183,094Expenses 2017: $178,188Net Income 2017: $4,9062017Revenue 2018: $161,514Expenses 2018: $175,641Net Income 2018: -$14,1272018Revenue 2019: $171,953Expenses 2019: $199,032Net Income 2019: -$27,0792019Revenue 2020: $256,540Expenses 2020: $204,469Net Income 2020: $52,0712020Revenue 2021: $127,532Expenses 2021: $201,580Net Income 2021: -$74,0482021Revenue 2022: $303,346Expenses 2022: $204,294Net Income 2022: $99,0522022Revenue 2023: $147,271Expenses 2023: $196,117Net Income 2023: -$48,8462023Revenue 2024: $195,956Expenses 2024: $204,221Net Income 2024: -$8,2652024

Highlighted filing

2012

Revenue-
Expenses$168,875
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 12, 2013
Return Version
2012v2.0
Gross Receipts
$1,785,728
Mission and Program Overview

Mission

Make contributions to WISD to be used for the upkeep and betterment of teaching advanced American History and Chemistry in WISD,

Filing and Contact Details

Filer

EIN
75-6363067
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Birmingham Land Trust #2 ("the Trust") requires administration from Wylie Independent School District ("WISD") to present grant requests to the Trust Board annually. These grant requests identify how the request falls within the purpose of the trust and includes a budget summary of the amounts to be spent for each category i.e. - new equipment, seminars, etc.The Trust receives annual summaries from WISD showing the amounts spent on each grant after the school year is completed.
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IRS990ScheduleO/GeneralExplanation/Explanation1Disclosure of documents and policies are made upon request as required by state and federal law.
IRS990ScheduleO/GeneralExplanation/Explanation2Board members and key employees are required to sign a conflict of interest policy on an annual basis.
IRS990ScheduleO/GeneralExplanation/Explanation3990 is presented to Treasurer for review prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation4See Schedule R, part VII, page 5 for further explanation. Birmingham Land Trust #1 and taxpayer, Birmingham Land Trust #2 are affiliated by the fact that their assets, income and expenses are commingled and have since the establishment of Trust #2. The Trusts also have the same Board as designated in the Trust documents. There are not separate written policies other than the Trust documents and the court orders specifying the ownership of the Trust assets as further described in Schedule R.
IRS990ScheduleO/GeneralExplanation/Explanation5The Board documents the full Board meetings contemporaneously. There are no committees, so there are no minutes for any committees (8b).
IRS990ScheduleO/GeneralExplanation/Explanation6There are no committees and therefore no board authority delegated to any committee. The Mayor of the city of Wylie is the Board Chairman. The Mayor has no vote except in the case of a tie.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 10b
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IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 10b: Explanation of No Written Policies and Procedures for Chapters, Branche
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee
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IRS990ScheduleR/Form990ScheduleRPartVII/Explanation0The assets of the Trusts (#'s 1 and 2) have been commingled from the inception of the second Trust. On October 8, 1973, an agency account was established at Republic National Bank of Dallas for the Trusts. The agency agreement indicated (based upon the Court order of sale) that Trust #1 owned 81.45% of the agency account and Trust #2 owned 18.55% of the agency account at that time. These ownership percentages have changed since 1973 due to sales of land by the separate Trusts. The current ownership is now 76.2% for Trust #1 and 23.8% for Trust #2.The records of the Trusts do not segregate the assets, liabilities, income or expenses between the Trusts. The allocations are done on this tax return using the total combined expenses times the ownership percentage of each Trust as noted below.Income, expenses, and contributions of the Trusts have been allocated between Trust #1 and Trust #2 generally based on the ratios of the principal fund balance of each separate Trust to the total principal balance of both Trusts. As a result of these allocations as of December 31, 1987 Trust #1 owned 76.2% of the combined assets of the Trusts, and Trust #2 owned 23.8% of the combined assets of the Trusts. The amounts shown on Schedule R, Part V, represents the combined amounts paid for the transaction type by BOTH Trusts. There is no reimbursements between the Trusts, just a sharing of expenses and revenues.
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IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0false
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0true
IRS990ScheduleR/SharingOfPaidEmployees0true
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved0135725
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved140553
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0Actual cost
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination1Actual cost
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10Birmingham Land Trust #1
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine11Birmingham Land Trust #1
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0o
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType1n
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0TX
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10703 N Green
IRS990/TheBooksAreInCareOf/AddressUS/City0Longview
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode075601

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.69$0.01$3.69$0.20$0.20$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.23$3.69$0.15$0.20$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.98$0.24$3.74$0.30$0.20$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.25$3.64$0.13$0.20$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.97$0.26$3.71$0.26$0.20$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.93$0.27$3.66$0.17$0.20$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.74$0.05$3.69$0.16$0.18$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.76$0.05$3.71$0.18$0.18$0.00
2016Detailed filing. Detailed filing data is available for this year.$3.76$0.06$3.70$0.26$0.16$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.69$0.08$4.61$0.10$0.21$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.80$0.08$4.72$0.25$0.32$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$0.08$4.78$0.39$0.09$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$0.09$4.49$0.17
2011Summary only. Only limited summary data is available for this year.$4.48$0.30$4.17$0.17$0.13$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.44$0.31$4.13$0.13