Civic Intelligence

Alice Teater Trust 20064500

990 • Fiscal year 2016 • EIN 93-6152314

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 17, 2017

550 Center Street NESalem, OR 97308

(541) 382-3011

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

1st percentile

-5078%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

30th percentile

-3.4%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.5%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$539,217

Down $19,043 (-3.4%) from 2015

Net Assets

Down

$539,217

Down $19,043 (-3.4%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$375

Down $2 (-0.5%) from 2015

Expenses

Up

$19,418

Up $7,913 (+69%) from 2015

Net Income

Down

-$19,043

Down $7,915 (-71%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $890,092Liabilities 2011: $0Net Assets 2011: $890,0922011Assets 2012: $881,365Liabilities 2012: $0Net Assets 2012: $881,3652012Assets 2013: $579,462Liabilities 2013: $0Net Assets 2013: $579,4622013Assets 2014: $569,388Liabilities 2014: $0Net Assets 2014: $569,3882014Assets 2015: $558,260Liabilities 2015: $0Net Assets 2015: $558,2602015Assets 2016: $539,217Liabilities 2016: $0Net Assets 2016: $539,2172016Assets 2017: $516,713Liabilities 2017: $0Net Assets 2017: $516,7132017

Highlighted filing

2016

Assets$539,217
Liabilities$0
Net Assets$539,217

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: -$22,620Expenses 2011: $9,242Net Income 2011: -$31,8622011Revenue 2012: $1,066Expenses 2012: $9,793Net Income 2012: -$8,7272012Revenue 2013: $519Expenses 2013: $302,422Net Income 2013: -$301,9032013Revenue 2014: $376Expenses 2014: $10,450Net Income 2014: -$10,0742014Revenue 2015: $377Expenses 2015: $11,505Net Income 2015: -$11,1282015Revenue 2016: $375Expenses 2016: $19,418Net Income 2016: -$19,0432016Revenue 2017: $1,432Expenses 2017: $23,936Net Income 2017: -$22,5042017

Highlighted filing

2016

Revenue$375
Expenses$19,418
Net Income-$19,043
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 17, 2017
Return Version
2016v3.0
Gross Receipts
$375
Mission and Program Overview

Mission

The trust was a revocable family trust created during the lifetime of the grantors, alice p & arthur s. Teater on april 12, 1982. Upon the death of the survivor of them (alice p. Teater) on march 23, 2003, the trust became irrevocable. The trust stipulates that it shall be distributed to or for the benefit of the humane society of central oregon and the humane society of redmond (brightside), both of which are organizations qualified as tax exempt under section 501(c)(3) of the internal revenue code. The trust's sole activity is to hold investment property for the benefit of the two described charities. The trust will not engage in any fund raising or directly perform any charitable function other than making distributions to the two charities. The trust will distribute all of its net income annually to the two charities and shall make distributions of principal to the charitable beneficiaries every five years and will be terminated no later than march 24,2023.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$284,760$284,760→ $0
Savings and Temporary Cash Investments$273,500$254,457▼ $19,043
Total Assets$558,260$539,217▼ $19,043
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$558,260$539,217▼ $19,043
Total Net Assets Fund Balance$558,260$539,217▼ $19,043
Total Liabilities and Net Assets / Fund Balance$558,260$539,217▼ $19,043

Asset Categories

AssetBook ValueDepreciationBasis
Land$284,760--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis KarnoppTrustee
-Successor Tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$375
Other Revenue
$0
Change in Net Assets
$-19,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,418
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 Legal$13,382--$13,382
Fees for Services Accounting$1,440--$1,440
Insurance$250--$250
Other Expenses$37--$37
Total Functional Expenses$19,418$0$0$19,418
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
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, Page 6, Part VI, Line 9

Columbia trust company 550 center street ne salem, or 97308

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provided to the trustee before it is filed. The trustee reviews the 990 and signs the form upon approval.

Form 990, Page 6, Part VI, Line 19

Made available upon request

Form 990, Part VII

Dennis karnopp is an attorney and of counsel to karnopp petersen llp providing services to the trust and is not separately tracking or billing his time for services as trustee. The law firm of karnopp petersen llp does provide and charge for services as shown on the form 990 part ix, 11b.

Filing and Contact Details

Filer

Filer Name
Alice Teater Trust
EIN
93-6152314
Address
550 CENTER STREET NE, SALEM, OR 97308

Signing Officer

Name
Columbia Trust Company
Title
Successor Trustee
Signed
2017-04-17
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Or
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Barnett & Company Cpas
Address
62930 OB RILEY ROAD SUITE 200, BEND, OR 97701-9459
Preparer
John M Barnett CPA
Phone
5417280340
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The trust was a revocable family trust created during the lifetime of the grantors, alice p & arthur s. Teater on april 12, 1982. Upon the death of the survivor of them (alice p. Teater) on march 23, 2003, the trust became irrevocable. The trust stipulates that it shall be distributed to or for the benefit of the humane society of central oregon and the humane society of redmond (brightside), both of which are organizations qualified as tax exempt under section 501(c)(3) of the internal revenue code. The trust's sole activity is to hold investment property for the benefit of the two described charities. The trust will not engage in any fund raising or directly perform any charitable function other than making distributions to the two charities. The trust will distribute all of its net income annually to the two charities and shall make distributions of principal to the charitable beneficiaries every five years and will be terminated no later than march 24,2023.

Form 990, Page 2, Part III, Line 4D

The trust stipulates that it shall be distributed to or for the benefit of the humane society of central oregon and the humane society of redmond (brightside), both of which are organizations qualified as tax exempt under section 501(c)(3) of the internal revenue code. The trust's sole activity is to hold investment property for the benefit of the two described charities. The trust will not engage in any fund raising activity or directly perform any charitable function other than making distributions to the two charities. The trust will distribute all of its net income to the two charities and shall make distributions of principal to the charitable beneficiaries every five years. The trust will terminate no later than march 24, 2023.

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S TRUSTEE HAS A CLOSE WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION'S DIRECTORS. THE ALICE TEATER TRUST'S SOLE ACTIVITY IS TO HOLD INVESTMENT PROPERTY FOR THE BENEFIT OF THE THE HUMANE SOCIETY OF CENTRAL OREGON AND THE HUMANE SOCIETY OF REDMOND. THE ORGANIZATION IS RESPONSIVE TO THE NEEDS AND DEMANDS OF THESE SUPPORTED ORGANIZATIONS. THE SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN HOW THE ALICE TEATER TRUST MANGAGES AND USES ITS ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATIONS, HUMANE SOCIETY OF CENTAL OREGON AND HUMANE SOCIETY OF REDMOND, HAVE A SIGNIFICANT ROLE IN THE INVESTMENTS AND USE OF ASSETS OF THE ALICE TEATER TRUST. THE HUMANE SOCIETIES HAVE SIGNIFICANT INPUT ON MANAGEMENT POLICIES OF ASSETS AND THE TRUSTEE REQUESTS THEIR APPROVAL IN DECISIONS RELATED TO THE INVESTMENTS AND USE OF ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HUMANE SOCIETY OF CENTRAL OREGON
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST WAS A REVOCABLE FAMILY TRUST CREATED DURING THE LIFETIME OF THE GRANTORS, ALICE P & ARTHUR S. TEATER ON APRIL 12, 1982. UPON THE DEATH OF THE SURVIVOR OF THEM (ALICE P. TEATER) ON MARCH 23, 2003, THE TRUST BECAME IRREVOCABLE. THE TRUST STIPULATES THAT IT SHALL BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE HUMANE SOCIETY OF CENTRAL OREGON AND THE HUMANE SOCIETY OF REDMOND (BRIGHTSIDE), BOTH OF WHICH ARE ORGANIZATIONS QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TRUST'S SOLE ACTIVITY IS TO HOLD INVESTMENT PROPERTY FOR THE BENEFIT OF THE TWO DESCRIBED CHARITIES. THE TRUST WILL NOT ENGAGE IN ANY FUND RAISING OR DIRECTLY PERFORM ANY CHARITABLE FUNCTION OTHER THAN MAKING DISTRIBUTIONS TO THE TWO CHARITIES. THE TRUST WILL DISTRIBUTE ALL OF ITS NET INCOME ANNUALLY TO THE TWO CHARITIES AND SHALL MAKE DISTRIBUTIONS OF PRINCIPAL TO THE CHARITABLE BENEFICIARIES EVERY FIVE YEARS AND WILL BE TERMINATED NO LATER THAN MARCH 24,2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST STIPULATES THAT IT SHALL BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE HUMANE SOCIETY OF CENTRAL OREGON AND THE HUMANE SOCIETY OF REDMOND (BRIGHTSIDE), BOTH OF WHICH ARE ORGANIZATIONS QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TRUST'S SOLE ACTIVITY IS TO HOLD INVESTMENT PROPERTY FOR THE BENEFIT OF THE TWO DESCRIBED CHARITIES. THE TRUST WILL NOT ENGAGE IN ANY FUND RAISING ACTIVITY OR DIRECTLY PERFORM ANY CHARITABLE FUNCTION OTHER THAN MAKING DISTRIBUTIONS TO THE TWO CHARITIES. THE TRUST WILL DISTRIBUTE ALL OF ITS NET INCOME TO THE TWO CHARITIES AND SHALL MAKE DISTRIBUTIONS OF PRINCIPAL TO THE CHARITABLE BENEFICIARIES EVERY FIVE YEARS. THE TRUST WILL TERMINATE NO LATER THAN MARCH 24, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COLUMBIA TRUST COMPANY 550 CENTER STREET NE SALEM, OR 97308
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 IS PROVIDED TO THE TRUSTEE BEFORE IT IS FILED. THE TRUSTEE REVIEWS THE 990 AND SIGNS THE FORM UPON APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DENNIS KARNOPP IS AN ATTORNEY AND OF COUNSEL TO KARNOPP PETERSEN LLP PROVIDING SERVICES TO THE TRUST AND IS NOT SEPARATELY TRACKING OR BILLING HIS TIME FOR SERVICES AS TRUSTEE. THE LAW FIRM OF KARNOPP PETERSEN LLP DOES PROVIDE AND CHARGE FOR SERVICES AS SHOWN ON THE FORM 990 PART IX, 11B.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375
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IRS990/USAddress/CityNm0SALEM
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0COLUMBIA TRUST COMPANY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUCCESSOR TRUSTEE
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALICE TEATER TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ALIC
ReturnHeader/Filer/EIN0936152314
ReturnHeader/Filer/USAddress/AddressLine1Txt0550 CENTER STREET NE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNETT & COMPANY CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt062930 OB RILEY ROAD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0977019459
ReturnHeader/PreparerPersonGrp/PhoneNum05417280340
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M BARNETT CPA
ReturnHeader/ReturnTs02017-05-12T15:15:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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