Civic Intelligence

Franklin Ovid Birmingham Trust 2

990 • Fiscal year 2021 • EIN 75-6363067

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 12, 2022

P O Box 546Wylie, TX 75098

(214) 533-0351

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

1.96x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-58%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$184,320

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 144.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

20th percentile

-2.1%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$3,889,196

Down $81,899 (-2.1%) from 2020

Net Assets

Down

$3,639,614

Down $74,050 (-2.0%) from 2020

Liabilities

Down

$249,582

Down $7,849 (-3.0%) from 2020

Revenue

Down

$127,532

Down $129,008 (-50%) from 2020

Expenses

Down

$201,580

Down $2,889 (-1.4%) from 2020

Net Income

Down

-$74,048

Down $126,119 (-242%) from 2020

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

2021

Assets$3,889,196
Liabilities$249,582
Net Assets$3,639,614

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

2021

Revenue$127,532
Expenses$201,580
Net Income-$74,048
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 12, 2022
Return Version
2021v4.0
Gross Receipts
$1,477,544
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,

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,713,664$3,639,614▼ $74,050
Investments in Publicly Traded Securities$1,820,434$1,588,465▼ $231,969
Land, Buildings, and Equipment, Net$1,232,245$1,241,149▲ $8,904
Other Notes and Loans Receivable, Net$419,092$990,422▲ $571,330
Cash and Non-Interest-Bearing Accounts$28,285$47,797▲ $19,512
Savings and Temporary Cash Investments$470,614$20,363▼ $450,251
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,971,095$3,889,196▼ $81,899
Other Assets Total$425$1,000▲ $575
Liabilities
Mortgage Notes Payable Secured by Investment Property$223,139$223,139→ $0
Deferred Revenue$33,977$26,128▼ $7,849
Accounts Payable and Accrued Expenses$315$315→ $0
Total Liabilities$257,431$249,582▼ $7,849
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,713,664$3,639,614▼ $74,050
Total Liabilities and Net Assets / Fund Balance$3,971,095$3,889,196▼ $81,899

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$791,190$105,147$896,337
Other Land Buildings$666$2,594$3,260
Land$449,293--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon LewisExecutive DirecPT$33,023$1,169$34,192

Board Members and Trustees

NameTitle
Matthew PorterChairman
Betty Lutz-BlackTrustee
Bob GrafTrustee
Mary DavisTrustee
Ben BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$140,770
Other Revenue
$-13,238
Change in Net Assets
$-74,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$123,728
Other Expenses$41,539
Salaries, Compensation, and Employee Benefits$36,313
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$123,728--$123,728
Current Officers, Directors, Trustees, and Key Employees$10,898$22,125-$33,023
Fees for Service Investment Mgmnt Fees-$21,341-$21,341
Fees for Services Accounting$1,712$3,477-$5,189
Insurance$1,656$3,361-$5,017
Occupancy$1,345$2,730-$4,075
Depreciation Depletion$779$1,583-$2,362
Payroll Taxes$700$1,421-$2,121
Other Employee Benefits$386$783-$1,169
Other Expenses$178$401-$401
All Other Expenses$114$230-$344
Fees for Services Other$193--$193
Office Expenses$39$80-$119
Total Functional Expenses$142,024$59,556$0$201,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wylie Independent School DistrictWylie, TX-Educational support$123,728
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Line 1A: Explanation of Delegated Broad Authority to Committee

There 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.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

The Executive Director documents the Board meetings contemporaneously in written minutes that are prepared and presented to the Board at the next meeting for approval. There are no committees, so there are no minutes for any committees (8b).

Form 990, Part VI, Line 10B: Explanation of No Written Policies and Procedures for Chapters, Branche

See 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 been 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.The trust documents for the separate Trusts specify which programs at WISD each specific Trust is required to support. Trust #2's contributions are limited to the benefit of classes in the areas of American history and chemistry. Trust #1's contributions are limited to the benefit of classes in the areas of manual training and domestic economy. When the annual contributions are made the executive director and the Board send directions to Wylie Independent School District (WISD) to document how the contributions are to be used. WISD reports the expenditures to the Trusts on a monthly and annual basis to demonstrate compliance with the donation restrictions.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is presented to Treasurer for review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members and key employees are required to sign a conflict of interest policy on an annual basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of documents and policies are made upon request as required by state and federal law.

Filing and Contact Details

Filer

Filer Name
Birmingham Trust 2
EIN
75-6363067
Phone
2145330351
Address
P O BOX 546, WYLIE, TX 75098

Signing Officer

Name
Ben Brown
Title
Treasurer
Signed
2022-09-12
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Cox Rogers & Associates Inc
Address
703 North Green, Longview, TX 75601
Preparer
Robert G Rogers
Phone
9037533342
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Rounding = -$2

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IRS990/OtherExpensesGrp/Desc0Foreign tax withheld
IRS990/OtherExpensesGrp/Desc1Taxes - property
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Unrelated business income tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01063
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2361
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3401
IRS990/OtherExpensesGrp/ProgramServicesAmt0296
IRS990/OtherExpensesGrp/ProgramServicesAmt1178
IRS990/OtherExpensesGrp/TotalAmt01063
IRS990/OtherExpensesGrp/TotalAmt1896
IRS990/OtherExpensesGrp/TotalAmt2539
IRS990/OtherExpensesGrp/TotalAmt3401
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0419092
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0990422
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01421
IRS990/PayrollTaxesGrp/ProgramServicesAmt0700
IRS990/PayrollTaxesGrp/TotalAmt02121
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0120204
IRS990/PYInvestmentIncomeAmt0253303
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt049248
IRS990/PYOtherRevenueAmt03237
IRS990/PYRevenuesLessExpensesAmt052071
IRS990/PYSalariesCompEmpBnftPaidAmt035017
IRS990/PYTotalExpensesAmt0204469
IRS990/PYTotalRevenueAmt0256540
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-74048
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-13238
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03713664
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03639614
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0470614
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020363
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt0188184
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt0195615
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt022244
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt020877
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt042206
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt04116
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt0145978
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt0191499
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt0117888
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt0105135
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt048052
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt069603
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt069603
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0139408
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0139408
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt059163
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt0139408
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt0127971
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0139408
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt011437
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0142024
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt014053
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt011437
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt014053
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt014053
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt011437
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt018296
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0139408
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00.00000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0123728
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0142024
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Form 990, Schedule A, Part IV, Section D 2 Explanation of how taxpayer maintains a close and continuous working relationship with the supported organization.Taxpayer Birmingham Land Trust # 2Supported Organization Wylie Independent School District (WISD)The taxpayer (Birmingham Land Trust #2) is involved with WISD on a regular and continual basis during the year monitoring the authorized expenditures as they are made by WISD and approving the programs to be funded by taxpayers donations. After receiving the annual donation from the taxpayer (normally in December of each year) WISD prepares a program budget identifying what programs they propose to fund with the donations. These donated funds are placed in an escrow fund owned by WISD. WISD prepares a detail of the various programs budgets and delineates how the programs conform to the taxpayers required use of the funds. WISD officials present these proposed programs to taxpayers Board annually. The presentation is done prior to the beginning of the school year in order to implement the programs in the next school year (normally beginning in August). Taxpayers Board and WISD officials discuss the various programs and taxpayers Board makes its selection of the programs it desires to approve.On an ongoing basis, taxpayer must approve the actual release of the funds to WISD from the escrow fund holding the contributions. As projects are begun, WISD will submit a request to taxpayer and the escrow fund. Taxpayer reviews the request for compliance with the requirements and approves the release of funds from the escrow agent.On a monthly basis taxpayer receives a statement from WISDs finance department showing the original budget proposals and the actual expenditures to date so taxpayer can track the status of the expenditures and programs.During the year, WISD may have changes to the proposed budget or potential new programs for taxpayer to consider. These changes/new programs are discussed with taxpayers executive director who discusses them with taxpayers Board for approval or disapproval. When WISD completes major projects (furnishing a particular building or program) taxpayers Board will be invited to tour the new facilities and review the items funded by taxpayers donations. These inspections take place periodically as projects/programs are completed.Taxpayers executive director and officials at WISD are in contact continually during the year discussing any changes to the programs or changes to taxpayers anticipated contributions.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Birmingham Land Trust satisfies the integral part test by contributing it's minimum asset amount which is 3.5% of the prior year's fair market value of all non-exempt use assets. This minimum asset amount is greater than 85% of the Trust's adjusted net income as calculated on Schedule A, Part V, Section C lines 1 - 6, Column B.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part V: Explain How Integral Part Test Satisfied
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt0223139
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt0223139
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt04195046
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt04043751
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0163575
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0193155
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt02165820
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt01978838
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt062926
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt060656
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt02088790
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt02094897
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt04132120
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt03983095
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0144624
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0139408
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt04418185
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt04266890
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0144624
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0139408
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0756002810
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$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