Civic Intelligence

Faust Distributing Co Employee Benefit Plan

990 • Fiscal year 2019 • EIN 76-0239462

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

Organization Profile

View Organization Page

10040 I 10 EastHouston, TX 77029

(713) 673-5111

Siviq Scores

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

Liabilities / Assets

74th percentile

0.10x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.04x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Net Margin

63rd percentile

8.6%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-10%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$1,143,508

Up $134,828 (+13%) from 2018

Net Assets

Up

$1,027,288

Up $280,708 (+38%) from 2018

Liabilities

Down

$116,220

Down $145,880 (-56%) from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin63rd percentile

Revenue

Down

$3,254,178

Down $373,844 (-10%) from 2018

Expenses

Down

$2,973,470

Down $610,070 (-17%) from 2018

Net Income

Up

$280,708

Up $236,226 (+531%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,158,705Liabilities 2011: $583,482Net Assets 2011: $575,2232011Assets 2012: $497,069Liabilities 2012: $377,035Net Assets 2012: $120,0342012Assets 2013: $514,634Liabilities 2013: $262,414Net Assets 2013: $252,2202013Assets 2014: $66,938Liabilities 2014: $323,000Net Assets 2014: -$256,0622014Assets 2015: $585,317Liabilities 2015: $312,025Net Assets 2015: $273,2922015Assets 2016: $712,774Liabilities 2016: $168,605Net Assets 2016: $544,1692016Assets 2017: $936,233Liabilities 2017: $234,136Net Assets 2017: $702,0972017Assets 2018: $1,008,680Liabilities 2018: $262,100Net Assets 2018: $746,5802018Assets 2019: $1,143,508Liabilities 2019: $116,220Net Assets 2019: $1,027,2882019Assets 2020: $1,275,418Liabilities 2020: $246,221Net Assets 2020: $1,029,1972020Assets 2021: $706,108Liabilities 2021: $448,444Net Assets 2021: $257,6642021Assets 2022: $1,028,360Liabilities 2022: $215,125Net Assets 2022: $813,2352022Assets 2023: $1,002,291Liabilities 2023: $518,614Net Assets 2023: $483,6772023Assets 2024: $587,233Liabilities 2024: $496,000Net Assets 2024: $91,2332024

Highlighted filing

2019

Assets$1,143,508
Liabilities$116,220
Net Assets$1,027,288
Open 2019 Filing

Operations Trend

Revenue Growth21st percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,599,0832011Revenue 2012: $2,022,619Expenses 2012: $2,477,808Net Income 2012: -$455,1892012Revenue 2013: $2,195,238Expenses 2013: $2,063,052Net Income 2013: $132,1862013Revenue 2014: $2,208,154Expenses 2014: $2,716,512Net Income 2014: -$508,3582014Revenue 2015: $2,996,513Expenses 2015: $2,467,159Net Income 2015: $529,3542015Revenue 2016: $3,813,079Expenses 2016: $3,542,202Net Income 2016: $270,8772016Revenue 2017: $3,281,865Expenses 2017: $3,123,937Net Income 2017: $157,9282017Revenue 2018: $3,628,022Expenses 2018: $3,583,540Net Income 2018: $44,4822018Revenue 2019: $3,254,178Expenses 2019: $2,973,470Net Income 2019: $280,7082019Revenue 2020: $3,242,334Expenses 2020: $3,240,425Net Income 2020: $1,9092020Revenue 2021: $3,075,241Expenses 2021: $3,846,774Net Income 2021: -$771,5332021Revenue 2022: $3,191,855Expenses 2022: $2,636,284Net Income 2022: $555,5712022Revenue 2023: $3,366,343Expenses 2023: $3,695,901Net Income 2023: -$329,5582023Revenue 2024: $3,079,858Expenses 2024: $3,472,302Net Income 2024: -$392,4442024

Highlighted filing

2019

Revenue$3,254,178
Expenses$2,973,470
Net Income$280,708
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.1
Gross Receipts
$3,254,178
Mission and Program Overview

Mission

The Plans mission is to provide health benefits to eligible members of the Plan.

The mission of this Plan is to provide medical benefits to eligible members of the Plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$935,043$1,104,960▲ $169,917
Rtn Earn Endowment Incm Other Fnds$746,580$1,027,288▲ $280,708
Accounts Receivable$73,637$38,548▼ $35,089
Total Assets$1,008,680$1,143,508▲ $134,828
Liabilities
Other Liabilities$262,100$116,220▼ $145,880
Total Liabilities$262,100$116,220▼ $145,880
Net Assets / Fund Balance
Total Net Assets Fund Balance$746,580$1,027,288▲ $280,708
Total Liabilities and Net Assets / Fund Balance$1,008,680$1,143,508▲ $134,828
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
DONALD FAUST JrChairman
Donald FaustTrustee
Jason GietkaTrustee
Rick ForcierTrustee
Tyson FaustTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,085,062
Investment Income
$0
Other Revenue
$169,116
Change in Net Assets
$280,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,254,178
Total Revenue per Audited Statements
$3,254,178
Total Revenue per Form 990
$3,254,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$2,937,029--$2,937,029
Fees for Services Accounting-$11,000-$11,000
Other Expenses-$106-$106
Total Functional Expenses$2,937,029$36,441$0$2,973,470

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,119,350
Total Expenses per Audited Statements$3,119,350
Total Expenses per Form 990$2,973,470
Expenses Not Reported on Financial Statements$-145,880
Other Expense Adjustments$-145,880
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
Federal income taxes$116,220
CLAIMS REPORTED , NOT PAID and-
Claims Incurred, Not Reported-
A/P - Insurance Premiums-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 2

“Trustees have both family and business relationships with other Trustees.”

Form 990, Part VI, Section A, Line 6

“The organization has members.”

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

“Certain members do have the power to appoint members of the governing body.”

Filing and Contact Details

Filer

Filer Name
FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN
EIN
76-0239462
Phone
7136735111
Address
10040 I 10 EAST, HOUSTON, TX 77029

Signing Officer

Name
Jason Geitka
Title
Chairman
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Chancellor
Formed
1988
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Edwards and Leathers PC
Address
PO Box 860, Baytown, TX 77522
Preparer
Mike Leathers CPA
Phone
2814281655
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 ACA Fees”

Form 990, Part XII, Line 2B

“The organizations financial statements were audited by an independent CPA firm.”

Financial Statement Notes

XII 4B

“This represents the change in benefit obligations reported on the Changes of Benefit Obligations instead of the Statements of Changes in Net Assets Available for Benefits.”

X 2

“Generally accepted accounting principles require management to evaluate tax positions take and recognize a tax liability if the entity has taken an uncertain positions that more than likely not would be sustained upon examination by the Internal Revenue Service. Managment has evaluated the tax positions taken by expected to be taken by the plan that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits byu taxing jurisdictions however, there are currently no audits in progress for any tax periods. Management believes the Plan is no longer subject to income tax examinations for years prior to 2016.”

Raw XML Appendix374 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/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/BOYAmt073637
IRS990/AccountsReceivableGrp/EOYAmt038548
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission of this Plan is to provide medical benefits to eligible members of the Plan.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt02937029
IRS990/BenefitsToMembersGrp/TotalAmt02937029
IRS990/BooksInCareOfDetail/PersonNm0Jason Gietka
IRS990/BooksInCareOfDetail/PhoneNum07136735111
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010040 I 10 EAST
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077029
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0935043
IRS990/CashNonInterestBearingGrp/EOYAmt01104960
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt02937029
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt036441
IRS990/CYOtherRevenueAmt0169116
IRS990/CYProgramServiceRevenueAmt03085062
IRS990/CYRevenuesLessExpensesAmt0280708
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02973470
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03254178
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0MEDICAL CLAIMS WERE PROVIDED TO THE APPROXIMATELY 300 ELIGIBLE PARTICIPANTS OF THE PLAN AND THEIR DEPENDENTS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/ExpenseAmt01717444
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011000
IRS990/FeesForServicesAccountingGrp/TotalAmt011000
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt3040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt4040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4002.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DONALD FAUST Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Jason Gietka
IRS990/Form990PartVIISectionAGrp/PersonNm2DONALD FAUST
IRS990/Form990PartVIISectionAGrp/PersonNm3TYSON FAUST
IRS990/Form990PartVIISectionAGrp/PersonNm4RICK FORCIER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03254178
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Plans mission is to provide health benefits to eligible members of the Plan.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0746580
IRS990/NetAssetsOrFundBalancesEOYAmt01027288
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMIN FEE
IRS990/OtherExpensesGrp/Desc1CONSULTING FEE
IRS990/OtherExpensesGrp/Desc2Misc.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01525
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123810
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2106
IRS990/OtherExpensesGrp/TotalAmt01525
IRS990/OtherExpensesGrp/TotalAmt123810
IRS990/OtherExpensesGrp/TotalAmt2106
IRS990/OtherLiabilitiesGrp/BOYAmt0262100
IRS990/OtherLiabilitiesGrp/EOYAmt0116220
IRS990/OtherRevenueMiscGrp/Desc0Stop Loss Reimbursement
IRS990/OtherRevenueMiscGrp/Desc1Prescription Rebates
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0141484
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt127632
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0141484
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt127632
IRS990/OtherRevenueTotalAmt0169116
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Donald Chancellor
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANTS CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02102662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1982400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02102662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1982400
IRS990/ProgSrvcAccomActy2Grp/Desc0MEDICAL INSURANCE PREMIUMS WERE PAID FOR HEALTH INSURANCE FOR THE APPROXIMATELY 300 ELIGIBLE PARTICIPANTS OF THE PLAN
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01108982
IRS990/ProgSrvcAccomActy3Grp/Desc0LIFE INSURANCE WAS PAID FOR THE APPROXIMATELY 300 ELIGIBLE MEMBERS OF THE PLAN AND THEIR DEPENDENTS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0110603
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt03542065
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt041475
IRS990/PYOtherRevenueAmt0504125
IRS990/PYProgramServiceRevenueAmt03123897
IRS990/PYRevenuesLessExpensesAmt044482
IRS990/PYTotalExpensesAmt03583540
IRS990/PYTotalRevenueAmt03628022
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0280708
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0746580
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01027288
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-145880
IRS990ScheduleD/ExpensesSubtotalAmt03119350
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-145880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0116220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS REPORTED , NOT PAID and
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CLAIMS INCURRED, NOT REPORTED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3A/P - Insurance Premiums
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt03254178
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0This represents the change in benefit obligations reported on the Changes of Benefit Obligations instead of the Statements of Changes in Net Assets Available for Benefits.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Generally accepted accounting principles require management to evaluate tax positions take and recognize a tax liability if the entity has taken an uncertain positions that more than likely not would be sustained upon examination by the Internal Revenue Service. Managment has evaluated the tax positions taken by expected to be taken by the plan that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits byu taxing jurisdictions however, there are currently no audits in progress for any tax periods. Management believes the Plan is no longer subject to income tax examinations for years prior to 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1X 2
IRS990ScheduleD/TotalExpensesPerForm990Amt02973470
IRS990ScheduleD/TotalLiabilityAmt0116220
IRS990ScheduleD/TotalRevenuePerForm990Amt03254178
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03254178
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03119350
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 ACA Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Trustees have both family and business relationships with other Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Certain members do have the power to appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organizations financial statements were audited by an independent CPA firm.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2b
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0760562993
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Beer Distributor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Faust DC LTD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt010040 I 10 EAST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd077029
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Faust Distributing Co
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Faust Distributing Co 401(k) Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0741386097
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Retirement Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010040 I 10 East
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077229
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01008680
IRS990/TotalAssetsEOYAmt01143508
IRS990/TotalAssetsGrp/BOYAmt01008680
IRS990/TotalAssetsGrp/EOYAmt01143508
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036441
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02937029
IRS990/TotalFunctionalExpensesGrp/TotalAmt02973470
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0262100
IRS990/TotalLiabilitiesEOYAmt0116220
IRS990/TotalLiabilitiesGrp/BOYAmt0262100
IRS990/TotalLiabilitiesGrp/EOYAmt0116220
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0746580
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01027288
IRS990/TotalProgramServiceExpensesAmt02937029
IRS990/TotalProgramServiceRevenueAmt03085062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03254178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03254178
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01008680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01143508
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010040 I10 East
IRS990/USAddress/CityNm0Houston
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077029
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Geitka
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN
ReturnHeader/Filer/BusinessNameControlTxt0FAUS
ReturnHeader/Filer/EIN0760239462
ReturnHeader/Filer/PhoneNum07136735111
ReturnHeader/Filer/USAddress/AddressLine1Txt010040 I 10 EAST
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077029
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EA35749AEAE0149DE4E5C0A5BD0CA1B368D529ED
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0241DEC1E2A24AAD9C06CDC95D0EE0ADFDB386605
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.6.195.56
ReturnHeader/FilingSecurityInformation/IPDt02020-10-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:58:13
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Edwards and Leathers PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 860
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baytown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077522
ReturnHeader/PreparerPersonGrp/PhoneNum02814281655
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mike Leathers CPA
ReturnHeader/ReturnTs02020-10-15T03:37:48-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,143,508
Liabilities
$116,220
Net assets
$1,027,288
Revenue
$3,254,178
Expenses
$2,973,470
Net income
$280,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.50$0.09$3.08$3.47$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.52$0.48$3.37$3.70$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.22$0.81$3.19$2.64$0.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.45$0.26$3.08$3.85$0.77
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.25$1.03$3.24$3.24$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.12$1.03$3.25$2.97$0.28
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.26$0.75$3.63$3.58$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.23$0.70$3.28$3.12$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.17$0.54$3.81$3.54$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.31$0.27$3.00$2.47$0.53
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.32$0.26$2.21$2.72$0.51
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.26$0.25$2.20$2.06$0.13
2012Summary only. Only limited summary data is available for this year.$0.50$0.38$0.12$2.02$2.48$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.58$0.58$1.60