Civic Intelligence

Cougar Property Holdings

990 • Fiscal year 2022 • EIN 91-2031421

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 13, 2023

PO Box 641927Pullman, WA 99164-1927

(509) 335-1686

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

425.50x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-123600%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$346,747

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 8668675.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-99%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$17,140

Down $1,719,198 (-99%) from 2021

Net Assets

Up

$15,438

Up $56,925 (+137%) from 2021

Liabilities

Down

$1,702

Down $1,776,123 (-100%) from 2021

Revenue

Down

$4

Down $549,447 (-100%) from 2021

Expenses

Down

$4,948

Down $105,307 (-96%) from 2021

Net Income

Down

-$4,944

Down $444,140 (-101%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $374,586Liabilities 2012: $02012Assets 2013: $375,104Net Assets 2013: $375,1042013Assets 2014: $360,298Liabilities 2014: $02014Assets 2015: $360,916Liabilities 2015: $5062015Assets 2016: $360,432Liabilities 2016: $02016Assets 2017: $317,205Liabilities 2017: $7482017Assets 2018: $1,142,826Liabilities 2018: $887,635Net Assets 2018: $255,1912018Assets 2019: $1,711,003Liabilities 2019: $1,597,331Net Assets 2019: $113,6722019Assets 2020: $1,669,352Liabilities 2020: $1,687,591Net Assets 2020: -$18,2392020Assets 2021: $1,736,338Liabilities 2021: $1,777,825Net Assets 2021: -$41,4872021Assets 2022: $17,140Liabilities 2022: $1,702Net Assets 2022: $15,4382022Assets 2023: $13,355Liabilities 2023: $1,702Net Assets 2023: $11,6532023

Highlighted filing

2022

Assets$17,140
Liabilities$1,702
Net Assets$15,438

Operations Trend

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

$1.0M$500K$0-$500K-$1.0M-$1.5MRevenue 2012: $952Expenses 2012: $852Net Income 2012: $1002012Revenue 2013: $753Expenses 2013: $235Net Income 2013: $5182013Revenue 2014: $687Expenses 2014: $15,493Net Income 2014: -$14,8062014Revenue 2015: $632Expenses 2015: $520Net Income 2015: $1122015Revenue 2016: $634Expenses 2016: $612Net Income 2016: $222016Revenue 2017: $533Expenses 2017: $44,508Net Income 2017: -$43,9752017Revenue 2018: $522Expenses 2018: $44,055Net Income 2018: -$43,5332018Revenue 2019: -$1,019,548Expenses 2019: $201,590Net Income 2019: -$1,221,1382019Revenue 2020: -$336,401Expenses 2020: $219,367Net Income 2020: -$555,7682020Revenue 2021: $549,451Expenses 2021: $110,255Net Income 2021: $439,1962021Revenue 2022: $4Expenses 2022: $4,948Net Income 2022: -$4,9442022Revenue 2023: $15Expenses 2023: $3,800Net Income 2023: -$3,7852023

Highlighted filing

2022

Revenue$4
Expenses$4,948
Net Income-$4,944
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 13, 2023
Return Version
2021v4.0
Gross Receipts
$4
Mission and Program Overview

Mission

Cougar Property Holdings was formed to assist Washington State University Foundation in supporting, maintaining, improving, enlarging or extending programs, service curricula and property holdings of Washington State University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$19,292$15,557▼ $3,735
Land, Buildings, and Equipment, Net$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$1,736,338$17,140▼ $1,719,198
Other Assets Total$1,717,046$1,583▼ $1,715,463
Liabilities
Other Liabilities$1,777,332$0▼ $1,777,332
Accounts Payable and Accrued Expenses$493$1,702▲ $1,209
Total Liabilities$1,777,825$1,702▼ $1,776,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-41,487$15,438▲ $56,925
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-41,487$15,438▲ $56,925
Total Liabilities and Net Assets / Fund Balance$1,736,338$17,140▼ $1,719,198

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,583--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug GrimChairman
Rick DoaneBoard Member
Wayne AllertBoard Member
Michael ConnellSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$-4,944

Audited Revenue Reconciliation

Revenue per Audited Statements
$4
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$61,869
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$61,873
Total Revenue per Form 990
$4
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,948
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
Fees for Services Accounting-$3,600-$3,600
Fees for Services Legal$1,209--$1,209
Other Expenses$0$139$0$139
Total Functional Expenses$1,209$3,739$0$4,948

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,948
Total Expenses per Audited Statements$4,948
Total Expenses per Form 990$4,948
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

No meeting was held by the governing body during the year.

Form 990, Part VI, Section A, Line 8B

No meeting was held by the committee during the year.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by Washington State University Foundation, reviewed and signed by KPMG, as preparer. The tax return will be reviewed by Foundation's Audit Committee and approved by the Cougar Property Holdings Board.

Form 990, Part VI, Section C, Line 19

The Washington State University Foundation (WSUF) audited financial statements, which include the activity of Cougar Property Holdings, are available to the public on WSUF's website: http//wsufoundation.wsu.edu/. The Cougar Property Holdings governing documents are not publicly available.

Filing and Contact Details

Filer

Filer Name
Cougar Property Holdings
EIN
91-2031421
Phone
5093351686
Address
PO Box 641927, Pullman, WA 99164-1927

Signing Officer

Name
Michael C Connell
Title
Secretary and Treasurer
Phone
5093356686
Signed
2023-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael C Connell
Formed
2000
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Kpmg
Address
1300 SW 5th Avenue, Suite 3800, Portland, OR 97201
Preparer
James R Lancaster
Phone
3463486441
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The academic pathway program for international students was terminated in August 2022.

Form 990, Part XI, Line 9

Net change in net assets due to JV termination.

Financial Statement Notes

Schedule D, Part X, Line 2

The following footnote is included in the Washington State University Foundation consolidated financial statements: The Foundation and its wholly owned subsidiaries have been recognized by the Internal Revenue Service as exempt from federal income taxes under section 501(a) of the Internal Revenue Code as organizations described in section 501(c)3 of the Internal Revenue Code. Unrelated business income is considered taxable income. Donations to the Foundation are generally tax deductible. Neither the Foundation nor its subsidiaries have unrecognized tax benefits that would have required an adjustment to net assets, nor unrecognized tax benefits at June 2022, and 2021.

Schedule D, Part XI, Line 2D

Other change in net assets due to JV termination.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The following footnote is included in the Washington State University Foundation consolidated financial statements: The Foundation and its wholly owned subsidiaries have been recognized by the Internal Revenue Service as exempt from federal income taxes under section 501(a) of the Internal Revenue Code as organizations described in section 501(c)3 of the Internal Revenue Code. Unrelated business income is considered taxable income. Donations to the Foundation are generally tax deductible. Neither the Foundation nor its subsidiaries have unrecognized tax benefits that would have required an adjustment to net assets, nor unrecognized tax benefits at June 2022, and 2021.
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061873
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04948
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0296415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt039003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Michael Connell
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary and Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0346747
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The academic pathway program for international students was terminated in August 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No meeting was held by the governing body during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No meeting was held by the committee during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The form 990 is prepared by Washington State University Foundation, reviewed and signed by KPMG, as preparer. The tax return will be reviewed by Foundation's Audit Committee and approved by the Cougar Property Holdings Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Washington State University Foundation (WSUF) audited financial statements, which include the activity of Cougar Property Holdings, are available to the public on WSUF's website: http//wsufoundation.wsu.edu/. The Cougar Property Holdings governing documents are not publicly available.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Net change in net assets due to JV termination.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0611818316
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.5
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Academic Programs
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0INTO WSU
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt01485788
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-1928330
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0701 B Street Suite 1050
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0San Diego
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd092101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Washington State University Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0911075542
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fundraise private support for WSU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0255 E Main Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Pullman
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd099163
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01736338
IRS990/TotalAssetsEOYAmt017140
IRS990/TotalAssetsGrp/BOYAmt01736338
IRS990/TotalAssetsGrp/EOYAmt017140
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03739
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01209
IRS990/TotalFunctionalExpensesGrp/TotalAmt04948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01777825
IRS990/TotalLiabilitiesEOYAmt01702
IRS990/TotalLiabilitiesGrp/BOYAmt01777825
IRS990/TotalLiabilitiesGrp/EOYAmt01702
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-41487
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015438
IRS990/TotalOtherCompensationAmt050332
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01209
IRS990/TotalProgramServiceRevenueAmt00

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