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Nonprofiteer
← WILBUR MARVIN FOUNDATION

Form 990 for tax year 2023

Filed by WILBUR MARVIN FOUNDATION.

Totals

Total revenue
$3,597,755
Total expenses
$3,549,083
Contributions and grants received
$0
Grants paid
$125,000
Program service revenue
$0
Investment income
$3,662,948
Other revenue
-$65,193
Total assets, end of year
$114,807,103
Total liabilities, end of year
$42,807,984
Net assets or fund balances, end of year
$71,999,119
Program services expenses (Part IX)
$1,281,580
Management and general expenses
$2,267,503
Fundraising expenses
$0
Program service expenses (Part III)
$1,281,580

Program services were 36.1% 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 $3,662,948 · excluded $3,662,948

  • 6a · Gross rents

    real property $2,590,709

  • 6b · Less rental expenses

    real property $2,655,902

  • 6c · Rental income or loss

    real property -$65,193

  • 6d · Net rental income or loss

    total -$65,193 · unrelated business -$300,581 · excluded $235,388

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 11a · Fees: management

    total $136,863 · program services $66,000 · management and general $70,863

  • 11b · Fees: legal

    total $1,009,633 · management and general $1,009,633

  • 11c · Fees: accounting

    total $133,449 · management and general $133,449

  • 13 · Office expenses

    total $6,163 · management and general $6,163

  • 20 · Interest

    total $733,056 · management and general $733,056

  • 22 · Depreciation, depletion and amortization

    total $1,090,580 · program services $1,090,580

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $297,880 · management and general $297,880

  • 24b · Other expenses: TAXES

    total $15,749 · management and general $15,749

  • 24c · Other expenses: FEES AND LICENSES

    total $710 · management and general $710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,597 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,008 · end of year $1,008

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

    $5,029,592

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

    $880,179

  • 10c · Land, buildings and equipment, net

    beginning of year $4,275,153 · end of year $4,149,413

  • 12 · Investments: other securities

    beginning of year $39,919,769 · end of year $52,525,204

  • 13 · Investments: program-related

    beginning of year $59,206,454 · end of year $57,499,297

  • 14 · Intangible assets

    beginning of year $37,960 · end of year $28,491

  • 15 · Other assets

    beginning of year $12,433,746 · end of year $603,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,574,638 · end of year $12,676,063

  • 23 · Secured mortgages and notes payable

    beginning of year $4,874,691 · end of year $6,195,963

  • 25 · Other liabilities

    beginning of year $30,033,744 · end of year $23,935,958

  • 27 · Net assets without donor restrictions

    beginning of year $70,505,614 · end of year $71,999,119

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED FOR THE BENEFIT AND SUPPORT OF THE BATON ROUGE AREA FOUNDATION AND SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, ARE NON-PRIVATE FOUNDATIONS AS DESCRIBED IN SECTION 509(A)(1) OR (A)(2) OF THE CODE, AND ARE ORGANIZED AND OPERATED TO SUPPORT SUCH CHARITABLE, BENEVOLENT, CIVIC, MORAL, RELIGIOUS, ARTS, CULTURAL, MEDICAL, AND EDUCATIONAL USES AND PURPOSESAS WILL MOST EFFECTIVELY ASSIST, ENCOURAGE, AND PROMOTE THE WELL-BEING OF MANKIND.

Activities or mission (Part I)

FUNDING TAX EXEMPT ORGS. WHICH ARE OPERATED TO SUPPORT CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES THAT WILL EFFECTIVELTY PROMOTE THE WELL-BEING OF MAN-KIND.

  • THE ORGANIZATION HAS ACHIEVED ITS EXEMPT PURPOSE BY SUPPORTING BATON ROUGE AREA FOUNDATION (BRAF) IN AREAS SUCH AS FACILITATING MISSION-RELATED REAL ESTATE PROJECTS AND DISTRIBUTING FUNDS TO BRAF AND VARIOUS OTHER CHARITABLE, CULTURAL, RELIGIOUS, EDUCATIONAL, AND CIVIC ORGANIZATIONS.

    Expenses $1,281,580 · Grants $125,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John G Davies

    DIRECTOR

    Total calculated
    $120,187
    From this org
    $0
    From related orgs
    $120,187
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $120,187 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $120,187 related

  • Charles Valluzzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christel C Slaughter

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Kevin Lyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John W Barton III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christopher J Meyer

    DIRECTOR/BRAF PRES/CEO

    Total calculated
    $521,252
    From this org
    $0
    From related orgs
    $443,088
    Other
    $78,164
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,888 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $13,200 related
    Deferred
    $0 + $37,813 related
    Nontaxable benefits
    $0 + $40,351 related
    Filer's total
    $0 + $521,252 related

  • J Gerard Jolly

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    15 + 20 related

  • Andrew Ty McMains

    ASSISTANT SECRETARY

    Total calculated
    $353,280
    From this org
    $0
    From related orgs
    $300,727
    Other
    $52,553
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,250 related
    Nontaxable benefits
    $0 + $36,303 related
    Filer's total
    $0 + $353,280 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I LINE 4B
JOHN DAVIES PARTICIPATES IN A RELATED ORGANIZATION'S NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN IS DESIGNED TO PROVIDE A RETIREMENT SUPPLEMENT FOR EXECUTIVE PARTICIPANTS. JOHN DAVIES RECEIVED A $72,851 DISTRIBUTION FROM THE PLAN DURING THE TAX YEAR.

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

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.

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.

  • CPDC PROPERTIES LP

    REAL ESTATE · LA

    Directly controlled by CP REALTY TRUST

  • 5401 NORTH LLC

    REAL ESTATE · NC

    Directly controlled by 5401 NORTH III

  • CPRT AMERICANA LLC

    REAL ESTATE · LA

    Directly controlled by CP REALTY TRUST

  • BCBC LAND LLC

    REAL ESTATE · LA

    Directly controlled by CPDC PROPERTIES

  • BCBC SHOPPES LLC

    REAL ESTATE · LA

    Directly controlled by CPDC PROPERTIES

  • 5401 NORTH INVESTMENTS I LLC

    REAL ESTATE · LA

    Directly controlled by CPRT

  • CPRT QOF I LLC

    REAL ESTATE · LA

    Directly controlled by CP REALTY TRUST

  • CPRT QOZB 1 LLC

    REAL ESTATE · LA

    Directly controlled by CP REALTY TRUST

  • CPRT QOZB II LLC

    REAL ESTATE · LA

    Directly controlled by CP REALTY TRUST

  • KANNAPLOIS CROSSING LP

    REAL ESTATE · LA

    Directly controlled by CPMC

  • BR ACQUISITIONS LLC

    REAL ESTATE · LA

    Directly controlled by CPMC

  • 5401 CFN I LLC

    REAL ESTATE · LA

    Directly controlled by 5401 NORTH INVE

  • CANCER FOCUS FUND

    INVESTMENT · TX

    Directly controlled by BRAF

  • TRANSCBIO VENTURES LP

    INVESTMENT · DE

    Directly controlled by BRAF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COMMERICAL PROPERTIES REALTY TRUST

    C · REAL ESTATE · MD · 100% owned · share of income $11,492,998 · share of assets $104,679,960 · controlled entity

    Directly controlled by WMF

  • CAPITAL HOUSE HOTEL LLC

    C · REAL ESTATE · LA · 100% owned · share of assets $2,270,985 · controlled entity

    Directly controlled by WMF

  • COMMERCIAL PROPERTIES MGMT CORP

    C · REAL ESTATE · LA · 100% owned · share of income $3,158,269 · share of assets $9,639,314 · controlled entity

    Directly controlled by WMF

  • HATO REY CPDC PR CORPORATION

    C · REAL ESTATE · RQ · 100% owned · share of income $182,000 · share of assets $6,163,699 · controlled entity

    Directly controlled by WMF

  • BON CARRE CPDC II INC

    C · HOLDING CORP · LA · controlled entity

    Directly controlled by CP REALTY TRUST

  • CHARITABLE REMAINDER TRUST (6)

    T · INVESTMENT · LA · controlled entity

    Directly controlled by BRAF

  • CHARITABLE REMAINDER TRUST (1)

    T · INVESTMENT · NC · controlled entity

    Directly controlled by BRAF

  • CHARITABLE REMAINDER TRUST (3)

    T · INVESTMENT · LA · controlled entity

    Directly controlled by BRAF

  • FRONT STREET CONDOMINIUM ASSOCIATION

    C · CONDO ASSOCIATION · LA · controlled entity

    Directly controlled by CP REALTY TRUST

  • 5401 NORTH COMMERICAL OWNERS ASSOCIATION

    C · COMMERICAL ASSN · NC · controlled entity

    Directly controlled by CP REALTY TRUST

  • CPRT HE LLC

    C · REAL ESTATE · LA · controlled entity

    Directly controlled by CP REALTY TRUST

  • GRAY FOX MINERAL CORP

    C · INVESTMENT · LA · controlled entity

    Directly controlled by BRAF

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202500299349301960

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