Civic Intelligence

Tump Offices Inc

990 • Fiscal year 2014 • EIN 91-1872296

Jul 01, 2013 to Jun 30, 2014 • Filed on May 12, 2015

1805 North Broad StreetWachman HallPhiladelphia, PA 19122

(215) 204-7366

Siviq Scores

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

Liabilities / Assets

84th percentile

0.71x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)2 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

1.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)2 • <$500k nonprofits • Source year 2014

Net Margin

32nd percentile

-8.7%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)2 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$865,006

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 970.8% of source-year revenue.

2014 filings • 501(c)2 • <$500k nonprofits • Source year 2014

Asset Growth

7th percentile

-35%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)2 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-9.7%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)2 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$177,969

Down $97,709 (-35%) from 2013

Net Assets

Down

$52,009

Down $7,709 (-13%) from 2013

Liabilities

Down

$125,960

Down $90,000 (-42%) from 2013

Revenue

$89,106

No earlier filing loaded for comparison.

Expenses

Down

$96,815

Down $4,188 (-4.1%) from 2013

Net Income

-$7,709

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.

$300K$200K$100K$0Assets 2011: $296,948Liabilities 2011: $215,960Net Assets 2011: $80,9882011Assets 2012: $277,978Liabilities 2012: $215,960Net Assets 2012: $62,0182012Assets 2013: $275,678Liabilities 2013: $215,960Net Assets 2013: $59,7182013Assets 2014: $177,969Liabilities 2014: $125,960Net Assets 2014: $52,0092014Assets 2015: $174,772Liabilities 2015: $125,960Net Assets 2015: $48,8122015Assets 2016: $169,796Liabilities 2016: $125,960Net Assets 2016: $43,8362016Assets 2017: $164,970Liabilities 2017: $125,960Net Assets 2017: $39,0102017Assets 2018: $164,781Liabilities 2018: $125,960Net Assets 2018: $38,8212018Assets 2019: $164,006Liabilities 2019: $125,960Net Assets 2019: $38,0462019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$177,969
Liabilities$125,960
Net Assets$52,009

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $82,7602011Expenses 2012: $113,5702012Expenses 2013: $101,0032013Revenue 2014: $89,106Expenses 2014: $96,815Net Income 2014: -$7,7092014Revenue 2015: $64,789Expenses 2015: $67,986Net Income 2015: -$3,1972015Revenue 2016: $62,775Expenses 2016: $67,751Net Income 2016: -$4,9762016Revenue 2017: $63,551Expenses 2017: $68,377Net Income 2017: -$4,8262017Revenue 2018: $60,542Expenses 2018: $60,731Net Income 2018: -$1892018Revenue 2019: $59,670Expenses 2019: $60,445Net Income 2019: -$7752019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2014

Revenue$89,106
Expenses$96,815
Net Income-$7,709
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 12, 2015
Return Version
2013v4.0
Gross Receipts
$89,106
Mission and Program Overview

Mission

Title Holding Company indirectly holding title to real estate used in the organization's exempt purpose.

Title holding company indirectly holding title to real estate used in the organization's exempt purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$275,678$177,969▼ $97,709
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$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 in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$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$275,678$177,969▼ $97,709
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$215,960$125,960▼ $90,000
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
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$215,960$125,960▼ $90,000
Net Assets / Fund Balance
Unrestricted Net Assets$59,718$52,009▼ $7,709
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$59,718$52,009▼ $7,709
Total Liabilities and Net Assets / Fund Balance$275,678$177,969▼ $97,709

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$177,969--
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Verdi J DisesaPresident
Anthony E WagnerDirector
Carl GueciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$75,431
Investment Income
$0
Other Revenue
$13,675
Change in Net Assets
$-7,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,815
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
Occupancy---$75,431
Other Expenses---$21,384
Total Functional Expenses$0$0$0$96,815
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable to Temple University$125,960
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Sec A, Line 6, Classes of members or stockholders

"temple university - of the commonwealth system of higher education is the sole member of the organization. Temple university does not appoint the directors, but the chief financial officer of temple university serves ex officio as the sole director.

Form 990, Part VI, Sec A, Line 7B, Decisions requiring approval by members or stockholders

The approval of the member is required for any of the following actions by the organization: (a) any merger or dissolution; (b) any amendments to the articles of incorporation or bylaws; (c) the sale, pledge, lease (but only lease from the organization of substantially all of the organization's real property), or other transfer of the assets of the organization other than transactions occurring in the ordinary course of business; (d) the issuance or assumption of any indebtedness in excess of twenty-five thousand dollars ($25,000); and (e) the execution of any contract providing for the management of the organization.

Form 990, Part VI, Sec B, Line 11B, Review of form 990 by governing body

Tump offices inc.'s form 990 is reviewed by temple university management, university counsel, outside counsel and the university's audit committee prior to being submitted to the university's board of trustees.

Form 990, Part VI, Sec C, Line 19, Required documents available to the public

To the extent required by applicable law, the organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

EIN
91-1872296
Phone
2152047366

Signing Officer

Name
Ken Kaiser
Title
VP, CFO and Treasurer
Signed
2015-05-12

Organization Details

Formed
1997
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0
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IRS990/PYOtherExpensesAmt0101003
IRS990/PYOtherRevenueAmt015056
IRS990/PYProgramServiceRevenueAmt083647
IRS990/PYRevenuesLessExpensesAmt0-2300
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0101003
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt098703
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-7709
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt075431
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0177969
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN PARTNERSHIP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TO TEMPLE UNIVERSITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0177969
IRS990ScheduleD/TotalLiabilityAmt0125960
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt27070
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0235159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1745042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2173942
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt028859
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt127384
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt218206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010107
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt117580
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt217084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0933
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANTHONY E WAGNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1VERDI J DISESA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CARL GUECIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1865006
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2216302
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0"TEMPLE UNIVERSITY - OF THE COMMONWEALTH SYSTEM OF HIGHER EDUCATION IS THE SOLE MEMBER OF THE ORGANIZATION. TEMPLE UNIVERSITY DOES NOT APPOINT THE DIRECTORS, BUT THE CHIEF FINANCIAL OFFICER OF TEMPLE UNIVERSITY SERVES EX OFFICIO AS THE SOLE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE APPROVAL OF THE MEMBER IS REQUIRED FOR ANY OF THE FOLLOWING ACTIONS BY THE ORGANIZATION: (A) ANY MERGER OR DISSOLUTION; (B) ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; (C) THE SALE, PLEDGE, LEASE (BUT ONLY LEASE FROM THE ORGANIZATION OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S REAL PROPERTY), OR OTHER TRANSFER OF THE ASSETS OF THE ORGANIZATION OTHER THAN TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS; (D) THE ISSUANCE OR ASSUMPTION OF ANY INDEBTEDNESS IN EXCESS OF TWENTY-FIVE THOUSAND DOLLARS ($25,000); AND (E) THE EXECUTION OF ANY CONTRACT PROVIDING FOR THE MANAGEMENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TUMP OFFICES INC.'S FORM 990 IS REVIEWED BY TEMPLE UNIVERSITY MANAGEMENT, UNIVERSITY COUNSEL, OUTSIDE COUNSEL AND THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO BEING SUBMITTED TO THE UNIVERSITY'S BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO THE EXTENT REQUIRED BY APPLICABLE LAW, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Sec A, Line 6, Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Sec A, Line 7b, Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Sec C, Line 19, Required documents available to the public
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NA

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