Civic Intelligence

Mead Spl Site Custodial Trust

990 • Fiscal year 2021 • EIN 75-6731995

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

606 Columbia Street NW Suite 212Olympia, WA 98501

(360) 754-9343

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

18th percentile

-6.7%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

46th percentile

$42,656

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

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

Asset Growth

30th percentile

1.0%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

98th percentile

791%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$2,604,084

Up $25,776 (+1.0%) from 2020

Net Assets

Up

$2,604,084

Up $25,776 (+1.0%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$151,664

Up $134,647 (+791%) from 2020

Expenses

Up

$161,866

Up $8,264 (+5.4%) from 2020

Net Income

Up

-$10,202

Up $126,383 (+93%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $2,518,322Liabilities 2015: $0Net Assets 2015: $2,518,3222015Assets 2016: $2,517,866Liabilities 2016: $0Net Assets 2016: $2,517,8662016Assets 2017: $2,536,558Liabilities 2017: $0Net Assets 2017: $2,536,5582017Assets 2018: $2,383,428Liabilities 2018: $0Net Assets 2018: $2,383,4282018Assets 2019: $2,563,235Liabilities 2019: $0Net Assets 2019: $2,563,2352019Assets 2020: $2,578,308Liabilities 2020: $0Net Assets 2020: $2,578,3082020Assets 2021: $2,604,084Liabilities 2021: $0Net Assets 2021: $2,604,0842021Assets 2022: $2,197,587Liabilities 2022: $0Net Assets 2022: $2,197,5872022Assets 2023: $2,326,398Liabilities 2023: $0Net Assets 2023: $2,326,3982023Assets 2024: $2,408,696Liabilities 2024: $0Net Assets 2024: $2,408,6962024

Highlighted filing

2021

Assets$2,604,084
Liabilities$0
Net Assets$2,604,084

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $105,782Expenses 2015: $117,560Net Income 2015: -$11,7782015Revenue 2016: $96,758Expenses 2016: $134,585Net Income 2016: -$37,8272016Revenue 2017: $100,903Expenses 2017: $127,311Net Income 2017: -$26,4082017Revenue 2018: $433,522Expenses 2018: $127,459Net Income 2018: $306,0632018Revenue 2019: $43,170Expenses 2019: $86,095Net Income 2019: -$42,9252019Revenue 2020: $17,017Expenses 2020: $153,602Net Income 2020: -$136,5852020Revenue 2021: $151,664Expenses 2021: $161,866Net Income 2021: -$10,2022021Revenue 2022: $73,237Expenses 2022: $106,729Net Income 2022: -$33,4922022Revenue 2023: $34,466Expenses 2023: $95,728Net Income 2023: -$61,2622023Revenue 2024: $372,197Expenses 2024: $142,112Net Income 2024: $230,0852024

Highlighted filing

2021

Revenue$151,664
Expenses$161,866
Net Income-$10,202
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$1,084,818
Mission and Program Overview

Mission

This custodial trust was created by the august 2004 consent decree that required kaiser aluminum corporation to fund the trust for the exclusive use by the washington state department of ecology to remediate the release of hazardous substances from a highly contaminated dump site.

Fiduciary of funds to be used to remediate environmental contamination on behalf of the washington state department of ecology and the us environmental protection agency

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,578,308$2,604,084▲ $25,776
Investments in Publicly Traded Securities$2,432,825$2,482,743▲ $49,918
Savings and Temporary Cash Investments$136,088$112,803▼ $23,285
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,578,308$2,604,084▲ $25,776
Other Assets Total$9,395$8,538▼ $857
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,578,308$2,604,084▲ $25,776
Total Liabilities and Net Assets / Fund Balance$2,578,308$2,604,084▲ $25,776
Compensation and Service Providers

Employees

NameTitleBaseTotal
Daniel J SilverTrustee$42,656$42,656
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$151,664
Other Revenue
$0
Change in Net Assets
$-10,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,210
Salaries, Compensation, and Employee Benefits$42,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$42,656-$42,656
Insurance-$21,848-$21,848
Fees for Service Investment Mgmnt Fees-$18,776-$18,776
Other Expenses-$4,489-$4,489
Fees for Services Accounting-$1,500-$1,500
Fees for Services Legal-$1,169-$1,169
Total Functional Expenses$0$161,866$0$161,866
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, SECTION A, LINE 8B:

The organization is managed only by a single individual, the trustee, with the oversight of the supported organization. No other individuals make management decisions so no meetings of management are held that require documentation.

FORM 990, PART VI, SECTION B, LINE 11B:

The organization is managed by a single individual, the trustee. The trustee reviews the return before it is filed.

FORM 990, PART VI, SECTION C, LINE 19:

The governing document of the organization is a 2004 trust agreement drafted at the direction of a consent decree entered into august 2004, in the state of washington. The trustee serves under the oversight and supervision of the washington state department of ecology and the united states environmental protection agency. As there is no board of directors or other employees, no conflict of interest policy exists. The consent decree and the trust agreement are available to the public as a part of the public record of the court. The financial statements can be obtained from the trust upon request.

Filing and Contact Details

Filer

Filer Name
Mead SPL Site Custodial Trust
EIN
75-6731995
In Care Of
% DANIEL J SILVER
Phone
3607549343
Address
606 Columbia Street NW Suite 212, Olympia, WA 98501

Signing Officer

Name
Daniel Silver
Title
Trustee
Phone
3607549343
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel J Silver
Formed
2004
Legal Domicile
Wa
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Bdo USA Llp
Address
601 Union Street Suite 2300, Seattle, WA 98101
Preparer
Christopher Ebert
Phone
2063827777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Book/tax difference: -12,827

Raw XML Appendix390 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED ONLY BY A SINGLE INDIVIDUAL, THE TRUSTEE, WITH THE OVERSIGHT OF THE SUPPORTED ORGANIZATION. NO OTHER INDIVIDUALS MAKE MANAGEMENT DECISIONS SO NO MEETINGS OF MANAGEMENT ARE HELD THAT REQUIRE DOCUMENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS MANAGED BY A SINGLE INDIVIDUAL, THE TRUSTEE. THE TRUSTEE REVIEWS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENT OF THE ORGANIZATION IS A 2004 TRUST AGREEMENT DRAFTED AT THE DIRECTION OF A CONSENT DECREE ENTERED INTO AUGUST 2004, IN THE STATE OF WASHINGTON. THE TRUSTEE SERVES UNDER THE OVERSIGHT AND SUPERVISION OF THE WASHINGTON STATE DEPARTMENT OF ECOLOGY AND THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY. AS THERE IS NO BOARD OF DIRECTORS OR OTHER EMPLOYEES, NO CONFLICT OF INTEREST POLICY EXISTS. THE CONSENT DECREE AND THE TRUST AGREEMENT ARE AVAILABLE TO THE PUBLIC AS A PART OF THE PUBLIC RECORD OF THE COURT. THE FINANCIAL STATEMENTS CAN BE OBTAINED FROM THE TRUST UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE: -12,827
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19:
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL SILVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03607549343
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mead SPL Site Custodial Trust
ReturnHeader/Filer/BusinessNameControlTxt0MEAD
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ReturnHeader/Filer/InCareOfNm0% DANIEL J SILVER
ReturnHeader/Filer/PhoneNum03607549343
ReturnHeader/Filer/USAddress/AddressLine1Txt0606 Columbia Street NW Suite 212
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seattle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098101
ReturnHeader/PreparerPersonGrp/PhoneNum02063827777
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christopher Ebert
ReturnHeader/ReturnTs02022-11-10T17:43:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SILVER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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