Totals
- Total revenue
- $65,388,005
- Total expenses
- $296,142
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $63,296,673
- Other revenue
- $2,091,332
- Total assets, end of year
- $1,740,004
- Total liabilities, end of year
- $121,511
- Net assets or fund balances, end of year
- $1,618,493
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $296,142
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
3 · Investment income
total $22,965 · related or exempt $22,965
-
6a · Gross rents
real property $4,008,604
-
6b · Less rental expenses
real property $1,917,272
-
6c · Rental income or loss
real property $2,091,332
-
6d · Net rental income or loss
total $2,091,332 · related or exempt $2,091,332
-
7a · Gross sales of assets other than inventory
other assets $142,500,000
-
7b · Less cost or other basis and sales expenses
other assets $79,226,292
-
7c · Gain or loss
other assets $63,273,708
-
7d · Net gain or loss
total $63,273,708 · related or exempt $63,273,708
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $296,142 · management and general $296,142
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4 · end of year $3
-
2 · Savings and temporary cash investments
beginning of year $3,411,104 · end of year $750,166
-
4 · Accounts receivable
beginning of year $72,538 · end of year $978,226
-
9 · Prepaid expenses and deferred charges
beginning of year $61,695 · end of year $11,609
-
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 $78,176,925 · end of year $0
-
15 · Other assets
beginning of year $71,125,929 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,012,947 · end of year $121,511
-
19 · Deferred revenue
beginning of year $767,411 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $44,000,000 · end of year $0
-
25 · Other liabilities
beginning of year $413,425 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $42,816,522 · end of year $43,400,164
-
31 · Retained earnings, endowment or other funds
beginning of year $61,837,890 · end of year -$41,781,671
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
TO OPERATE AS A TITLE-HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLD TITLE TO REAL PROPERTY ON BEHALF OF SBC MASTER PENSION TRUST.
-
CLAYMOORE NORTHWEST, INC. OPERATES AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDS TITLE TO REAL PROPERTY ON BEHALF OF SBC MASTER PENSION TRUST (TRUST). THE ORGANIZATION COLLECTS THE INCOME FROM THE PROPERTY AND REMITS IT TO THE TRUST.
As filed on the 2023 return.
Listed in Part VII
-
David N FarmerDAVID N FARMER
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
R Scott DennisR SCOTT DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Ron RagsdaleRON RAGSDALE
VP/SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Michael KerbyMICHAEL KERBY
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Terrell L WeatherlTERRELL L WEATHERL
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Kevin JohnsonKEVIN JOHNSON
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Sally KittlesSALLY KITTLES
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Paul MichaelsPAUL MICHAELS
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
R Lee Phegley JrR LEE PHEGLEY JR
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Cain KirkCAIN KIRK
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Duncan WalkerDUNCAN WALKER
VP/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Tracy GreenTRACY GREEN
TREASURER/ASST SEC
- Total calculated
- $0
- Hours/week
- 1 + 5 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.
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.
-
SBC MASTER PENSION TRUST
401(A) · INVESTMENT · TX
-
501(C)(25) · REAL ESTATE · DE
Directly controlled by SBC MP TRUST
-
501(C)(25) · REAL ESTATE · DE
Directly controlled by SBC MP TRUST
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
DOMAIN LMN INVESTORS LP
N/A · REAL ESTATE · DE
-
9575 E 40TH AT CENTRAL PARK INVESTORS LLC
N/A · REAL ESTATE · DE
-
HARBOR PARK RESTON INVESTORS LLC
N/A · REAL ESTATE · DE
-
EM VUE QUARTER HOLDINGS LLC
N/A · REAL ESTATE · DE
-
MARINA SHORES OWNER LP
N/A · REAL ESTATE · DE
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.
-
SBC MASTER PENSION TRUST
$97,585,495
Disposition · CASH DISTRIBUTION TO SHAREHOLDER · Apr 21, 2023 · 401(A)
-
CLAYMOORE INDUSTRIAL PORTFOLIO LLC
$142,500,000
Disposition · SALE OF REAL PROPERTY · Apr 21, 2023 · LIMITED LIABILITY COMPANY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349316297
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