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Nonprofiteer
← WBL FAMILY INVESTMENTS INC

Form 990 for tax year 2022

Filed by WBL FAMILY INVESTMENTS INC.

Totals

Total revenue
-$67,134
Total expenses
$18,251
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$67,134
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $37,875

  • 6b · Less rental expenses

    real property $105,009

  • 6c · Rental income or loss

    real property -$67,134

  • 6d · Net rental income or loss

    total -$67,134 · excluded -$67,134

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $14,710

  • 13 · Office expenses

    total $370

  • 22 · Depreciation, depletion and amortization

    total $3,171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,573 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,401,607 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,393 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,761,194 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,351,407 · end of year $0

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO OWN REAL ESTATE FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC.

Activities or mission (Part I)

TO OWN REAL ESTATE FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC.

  • WBL FAMILY INVESTMENTS, INC. (WBL) OWNED 5 HOUSES FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD). ESD IS CONSIDERING VARIOUS OPTIONS FOR FUTURE USAGE OF THESE PROPERTIES.AS OF OCTOBER 13, 2022, WBL TRANSFERRED THE PROPERTIES TO ESD. AS SUCH, WBL'S PURPOSE WAS FULFILLED AND THE ORGANIZATION HAS CLOSED.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID L BAAD

    CHAIR; HOS ESD

    Total calculated
    $620,675
    From this org
    $0
    From related orgs
    $584,423
    Other
    $36,252
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,991 related
    Bonus
    $0 + $85,000 related
    Other
    $0 + $62,432 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $9,252 related
    Filer's total
    $0 + $620,675 related

  • BLANCA MARY HERNANDEZ

    TREASURER; CFO ESD

    Total calculated
    $239,671
    From this org
    $0
    From related orgs
    $224,607
    Other
    $15,064
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,323 related
    Bonus
    $0
    Other
    $0 + $284 related
    Deferred
    $0 + $11,399 related
    Nontaxable benefits
    $0 + $3,665 related
    Filer's total
    $0 + $239,671 related

  • RUTH M BURKE

    SECRETARY; ASST HOS ESD

    Total calculated
    $278,320
    From this org
    $0
    From related orgs
    $243,880
    Other
    $34,440
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,933 related
    Bonus
    $0
    Other
    $0 + $4,947 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $7,440 related
    Filer's total
    $0 + $278,320 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
THE HEAD OF SCHOOL PARTICIPATES IN A 457 (F) PLAN. $75,000 WAS CONTRIBUTED IN THE FISCAL YEAR BY THE SCHOOL PURSUANT TO THE HEAD OF SCHOOL'S EMPLOYMENT AGREEMENT.
SCHEDULE J, PART I, LINE 3
RELATED ORGANIZATION COMPENSATION REVIEW: THE ORGANIZATION'S TOP EXECUTIVE OFFICER IS COMPENSATED BY THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD). ANNUALLY, THE HUMAN RESOURCES AND COMPENSATION COMMITTEE FOR ESD REVIEWS WHETHER THE HEAD OF SCHOOL'S COMPENSATION IS REASONABLE AND NOT EXCESSIVE, AND IS IN ACCORDANCE WITH THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT INCLUDING THE DETERMINATION OF INCENTIVE COMPENSATION AS OUTLINED IN THE CONTRACT. THE COMPENSATION COMMITTEE THEN PRESENTS ITS FINDINGS TO THE FULL BOARD. THE BOARD MAKES THE FINAL DETERMINATION REGARDING THE HEAD OF SCHOOL'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
28 April 2023
IRS schema version
2022v5.0
Source object
202311259349302331

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