Wimbledon Properties INC

Not tax-deductible

Dallas, TXMutual-benefit / member-servingEIN 75-2274957Revenue $117K in FY2024

On file with the IRS3161 Webb Ave, 75205-3415 · Dallas, TXTax-exempt since Sep 1989

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Title-holding company for private foundation

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $120K a year · 74% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
+119% vs prior year
Spent
$50K
To programs
0%
Net assets
$512K
By yearFY2020–FY2024
Revenue
$117K
FY2024▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$267K
FY2021$215K
FY2022$158K
FY2023$54K
FY2024$117K
Expenses
$50K
FY2024▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$24K
FY2021$20K
FY2022$49K
FY2023$67K
FY2024$50K
Net assets
$512K
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$574K
FY2021$769K
FY2022$878K
FY2023$443K
FY2024$512K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1989.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $50K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Vice Pres.
$0Pt VII · Sec A
Director/Asst. Secr.
$0Pt VII · Sec A
Pres. & Treas.
$0Pt VII · Sec A
V.p. & Secr.
$0Pt VII · Sec A
See Wimbledon Properties INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Manages assets for a private foundation.

Questions for Wimbledon Properties INC

Tap to ask. Wimbledon Properties INC sees how many people are interested.

Your first name shows with your question. Wimbledon Properties INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2024
01

Held title to rental real estate properties, collected cash from rentals and remitted cash net of expenses to leland fikes foundation, inc.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$117K
Ln 12
Other incomeLn 4–11$117K
Money outPt IX
$50K
Ln 25
Managementcol C$50K
Owns and owesPt X
$512K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$530K
LiabilitiesLn 26$18K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$117K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$48K
Land, buildings, equipmentLn 10c$460K
Other assetsLn 15$842
Total assetsLn 16$530K
LiabilitiesLn 26$18K
Net assetsLn 32$512K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$34K$48K
Land, buildings, equipmentLn 10c$424K$460K
Total assetsLn 16$470K$530K
LiabilitiesLn 26$27K$18K
Net assetsLn 32$443K$512K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$50K$50K
Total functional expensesLn 25$50K$0$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $117K$50K$68K$512K 990 PDF
FY2023 $54K$67K−$13K$443K 990 PDF
FY2022 $158K$49K$109K$878K 990 PDF
FY2021 $215K$20K$194K$769K 990 PDF
FY2020 $267K$24K$242K$574K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $117,426 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $53,599$117,426
I-12 Total revenuePrior year $53,599$117,426
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 $66,846$49,644
I-18 Total expensesPrior year $66,846$49,644
I-19 Revenue less expensesPrior year −$13,247$67,782
Part VI · Governance 0 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $117,426 across 2 lines filed
VIII-6 Net rental income or lossExcluded from tax $117,426$117,426
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $117,426$117,426
Part IX · Statement of functional expenses $49,644 across 1 line filed
IX-11a Management feesManagement $49,644$49,644
IX-25 Total functional expensesPrograms $0 · Management $49,644 · Fundraising $0$49,644
Part X · Balance sheet $530,000 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $34,414$43,053
X-2 Savings and temporary cash investments$4,955
X-9 Prepaid expenses and deferred charges$4,316
X-10c Land, buildings and equipment, netStart of year $424,369$459,843
X-14 Intangible assetsStart of year $10,036$16,991
X-15 Other assetsStart of year $842$842
X-16 Total assetsStart of year $469,661$530,000
X-25 Other liabilitiesStart of year $17,003$17,722
X-26 Total liabilitiesStart of year $26,849$17,722
X-32 Total net assets or fund balancesStart of year $442,812$512,278
X-33 Total liabilities and net assetsStart of year $469,661$530,000
Part XI · Reconciliation of net assets $512,278 net assets at year end
XI-1 Total revenue$117,426
XI-2 Total expenses$49,644
XI-3 Revenue less expenses$67,782
XI-4 Net assets at start of year$442,812
XI-9 Other changes in net assets$1,684
XI-10 Net assets at end of year$512,278

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.