Tr 350 Washington Corp

Dallas, TXUnknown exempt organizationEIN 38-3852264

To operate as a title holding corporation within in the meaning of section 501(c)(25) & hold title to real property on behalf of teachers' retirement system of the state of il.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$5.7M
Spent
$132K
Net assets
$0

From the FY2020 Form 990 (year ending June 2020) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
See Tr 350 Washington Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds title to real property for the Illinois Teachers' Retirement System.

Provided by the organization

This section is blank until Tr 350 Washington Corp claims this page.

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1 program service, described in the organization's own filed words · FY2019.
01

TR 350 washington corp. Operates as a title holding corporation within the meaning of irc section 501(c)(25) and holds title to real property on behalf of teachers' retirement system of the state of illinois (retirement system). The organization collects the income from the property and remits it to the retirement system.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
−$5.7M
Ln 12
Investment incomeLn 3$2K
Money outPt IX
$132K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Gains on assetsLn 7−$7.8M
Total revenueLn 12−$5.7M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$528K$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$140.8M$0
Total assetsLn 16$140.6M$0
LiabilitiesLn 26$615K$0
Net assetsLn 32$140.0M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$132K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing −$5.7M$132K−$5.8M$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue −$5,695,534 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $1,584$1,584
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $2,059,877$2,059,877
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,756,995−$7,756,995
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax −$5,695,534−$5,695,534
Part IX · Statement of functional expenses $131,771 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$131,771
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expenses$131,771
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $527,644$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $64,164$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $30,373$0
X-10c Land, buildings and equipment, netStart of year $140,807,320$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year −$807,320$0
X-16 Total assetsStart of year $140,622,181$0
X-17 Accounts payable and accrued expensesStart of year $222,867$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $391,928$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $614,795$0
X-32 Total net assets or fund balancesStart of year $140,007,386$0
X-33 Total liabilities and net assetsStart of year $140,622,181$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$5,695,534
XI-2 Total expenses$131,771
XI-3 Revenue less expenses−$5,827,305
XI-4 Net assets at start of year$140,007,386
XI-5 Net unrealized gains (losses) on investments$807,320
XI-8 Prior period adjustments−$297,617
XI-9 Other changes in net assets−$134,689,784
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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