Double Bowler Properties Corp FY2020 filing

Tax-deductible

Beavercreek, OH501(c)(3)Since 2014EducationEIN 47-1335210Revenue $1.6M in FY2020

On file with the IRS2440 Dayton Xenia Rd Ste D, 45434-7124 · Beavercreek, OHTax-exempt since Apr 2015Supporting organization — 509(a)(3)

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To expand the educational opportunities available to the students, faculty and staff of wright state university by developing, operating, and maintaining facilities for the benefit of the university.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $318K a year · 24% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.9M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.6M
To programs
95%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.5M
FY2023$1.1M
FY2024$1.2M
FY2025$957K
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.6M
FY2025$2.1M
Net assets
$2.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$1.1M
FY2022$1.1M
FY2023$684K
FY2024$361K
FY2025−$792K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.5M Management & general 5% · $73K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President, CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member (mar-Jun)
$0Pt VII · Sec A
See Double Bowler Properties 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates and maintains facilities for the university's benefit.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2019
01

The organization, either directly or through its wholly owned subsidiaries, acquires real property in the areas surrounding the wright state university campuses for the benefit of wright state university.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$131K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$73K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$406K
Total assetsLn 16$14.5M
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$131K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$406K
Cash and savings togetherLn 1–2$406K
Land, buildings, equipmentLn 10c$12.5M
Total assetsLn 16$14.5M
LiabilitiesLn 26$11.9M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$183K$406K
Land, buildings, equipmentLn 10c$12.9M$12.5M
Total assetsLn 16$14.8M$14.5M
LiabilitiesLn 26$12.2M$11.9M
Net assetsLn 32$2.6M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$51K$51K
Accounting feesLn 11c$70K$70K
Other fees for servicesLn 11g$55K$55K
OccupancyLn 16$233K$233K
InterestLn 20$559K$559K
Depreciation, depletion and amortizationLn 22$336K$336K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$222K$222K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$1.6M$1.5M$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $957K$2.1M−$1.2M−$792K 990 PDF
FY2024 $1.2M$1.6M−$340K$361K 990 PDF
FY2023 $1.1M$1.6M−$456K$684K 990 PDF
FY2022 $1.5M$1.5M−$5K$1.1M 990 PDF
FY2021 $1.6M$1.5M$32K$1.1M 990 PDF
FY2020 Viewing $1.6M$1.6M$11K$2.6M 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 (6 parts)
Part I · Summary $1,568,474 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,790,010$1,437,864
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $53,034$130,610
I-12 Total revenuePrior year $1,843,044$1,568,474
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,694,935$1,557,814
I-18 Total expensesPrior year $1,694,935$1,557,814
I-19 Revenue less expensesPrior year $148,109$10,660
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,568,474 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,437,864$1,437,864
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $130,610$130,610
VIII-12 Total revenueRelated to mission $1,568,474 · Unrelated business $0 · Excluded from tax $0$1,568,474
Part IX · Statement of functional expenses $1,557,814 across 9 lines filed
IX-11b Legal feesPrograms $50,505$50,505
IX-11c Accounting feesManagement $69,506$69,506
IX-11g Other fees for servicesPrograms $55,078$55,078
IX-16 OccupancyPrograms $233,013$233,013
IX-20 InterestPrograms $559,153$559,153
IX-22 Depreciation, depletion and amortizationPrograms $336,254$336,254
IX-23 InsurancePrograms $28,797$28,797
IX-24 Other expenses (24a–d)Programs $221,558$221,558
IX-24e All other expensesManagement $3,950$3,950
IX-25 Total functional expensesPrograms $1,484,358 · Management $73,456 · Fundraising $0$1,557,814
Part X · Balance sheet $14,501,592 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $183,002$406,194
X-3 Pledges and grants receivableStart of year $1,726,325$1,495,652
X-4 Accounts receivableStart of year $59,897$66,630
X-9 Prepaid expenses and deferred chargesStart of year $4,693$5,855
X-10c Land, buildings and equipment, netStart of year $12,863,515$12,527,261
X-16 Total assetsStart of year $14,837,432$14,501,592
X-17 Accounts payable and accrued expensesStart of year $136,971$132,298
X-19 Deferred revenueStart of year $381,534$329,575
X-20 Tax-exempt bond liabilitiesStart of year $9,665,000$9,399,000
X-25 Other liabilitiesStart of year $29,920$29,920
X-26 Total liabilitiesStart of year $12,220,755$11,874,255
X-32 Total net assets or fund balancesStart of year $2,616,677$2,627,337
X-33 Total liabilities and net assetsStart of year $14,837,432$14,501,592
Part XI · Reconciliation of net assets $2,627,337 net assets at year end
XI-1 Total revenue$1,568,474
XI-2 Total expenses$1,557,814
XI-3 Revenue less expenses$10,660
XI-4 Net assets at start of year$2,616,677
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,627,337

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

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