NEW WATER STREET CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NEW WATER STREET CORPORATION (EIN 51-0292269)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-09-13
- IRS object ID
- 201112569349300716
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-09-13T11:54:04-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARR RIGGS & INGRAM LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7550 HALCYON SUMMIT DRIVE | AddressLine1 |
| City | MONTGOMERY | City |
| State | AL | State |
| ZIP Code | 36117 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510292269 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW WATER STREET CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWW | NameControl |
| Phone | 2127479120 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WATER STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10041 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT CHASE | Name |
| Title | VICE-PRESIDENT OF FINANCE | Title |
| Phone | 2127479120 | Phone |
| Date Signed | 2011-09-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | M CHAD SINGLETARY CPA | Name |
| Phone | 3342716678 | Phone |
| Date Prepared | 2011-09-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT CHASE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WATER STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10041 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 150291232 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.55WATER.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1986 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION OWNS AND LEASES AN OFFICE BUILDING. THE NET PROFITS ARE DISTRIBUTED FOR THE BENEFIT OF A QUALIFIED PENSION FUND FOR EMPLOYEES OF STATE OF ALABAMA. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 61 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 142921937 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 150135589 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 426609 | InvestmentIncomePriorYear |
| Investment Income Current Year | 155643 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 143348546 | TotalRevenuePriorYear |
| Total Revenue Current Year | 150291232 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5624764 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5729067 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 81400537 | OtherExpensePriorYear |
| Other Expenses Current Year | 89626175 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 87025301 | TotalExpensesPriorYear |
| Total Expenses Current Year | 95355242 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 56323245 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 54935990 | RevenuesLessExpensesCY |
| Total Assets BOY | 631347247 | TotalAssetsBOY |
| Total Assets EOY | 628916645 | TotalAssetsEOY |
| Total Liabilities BOY | 8642643 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6276051 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 622704604 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 622640594 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE ORGANIZATION OWNS AND LEASES AN OFFICE BUILDING. THE NET PROFITS ARE DISTRIBUTED FOR THE BENEFIT OF A QUALIFIED PENSION FUND OF THE STATE OF ALABAMA. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | THE ORGANIZATION OWNS AND LEASES AN OFFICE BUILDING. THE NET PROFITS ARE DISTRIBUTED FOR THE BENEFIT OF A QUALIFIED PENSION FUND OF THE STATE OF ALABAMA. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 25 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 61 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT CHASE NEW WATER STREET CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2127479120 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WATER STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10041 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|---|
| DR DAVID BRONNER | ||||||||
| PRESIDENT & CHAIRMAN | 5.00 | X | X | 0 | 376596 | 0 | ||
| BRUCE HODGES | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| THOMAS MILNE | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| STEPHEN GLENNON | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| WILLIAM STEPHENS | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| HAROLD BRIDGEWOOD | ||||||||
| EXECUTIVE VICE-PRESIDENT | 40.00 | X | 255185 | 0 | 9504 | X | ||
| FRANK MAGNANI | ||||||||
| VICE-PRESIDENT OF SPECIAL PROJECTS | 40.00 | X | 111958 | 0 | 4827 | X | ||
| WILLIAM H PUPPLO | ||||||||
| VICE-PRESIDENT OF CONSTRUC | 40.00 | X | 182046 | 0 | 19753 | X | ||
| GEORGE ACERO | ||||||||
| VICE-PRESIDENT OF BLDG SYS | 40.00 | X | 188675 | 0 | 13557 | X | ||
| ROBERT CHASE | ||||||||
| VICE-PRESIDENT OF FINANCE | 40.00 | X | 239647 | 0 | 27726 | X | ||
| DENNIS GOMEZ | ||||||||
| KEY EMPLOYEE | 40.00 | 197746 | 0 | 0 | X | X | ||
| AVERELL REYES | ||||||||
| KEY EMPLOYEE | 40.00 | 158985 | 0 | 0 | X | X | ||
| GLENN OLDHOFF | ||||||||
| KEY EMPLOYEE | 40.00 | 144000 | 0 | 0 | X | |||
| WILLIAM LAVIN | ||||||||
| EMPLOYEE | 40.00 | 139717 | 0 | 0 | X | |||
| ROBERT BANKS | ||||||||
| EMPLOYEE | 40.00 | 124186 | 0 | 0 | X | |||
| BRIAN BOYLAN | ||||||||
| EMPLOYEE | 40.00 | 123717 | 0 | 0 | X | |||
| ARMANDO GUZMAN | ||||||||
| EMPLOYEE | 40.00 | 112257 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1978119 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 376596 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 75367 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HARVARD PROTECTION SERVICE LLC | |||||
| 570 7TH AVENUE | NEW YORK | NY | 10018 | SECURITY CONTACT | 2335936 |
| HIGHLAND ASSOCIATES | |||||
| 102 HIGHLAND AVENUE | CLARKS SUMMIT | PA | 18411 | CONSTRUCTION SERVICES | 294813 |
| FRESH MEADOWS CHILLER SERVICES LLC | |||||
| 65-01 FRESH MEADOW LANE | FRESH MEADOWS | NY | 11365 | MECHANICAL EQUIPMENT SERVICES | 226779 |
| TIMBIL MECHANICAL LLC | |||||
| 68 FANNY ROAD | BOONTON | NJ | 07005 | MECHANICAL EQUIPMENT SERVICES | 213183 |
| FRIED FRANK HARRIS SHIVER & JACOBSON | |||||
| ONE NEW YORK PLAZA | NEW YORK | NY | 10022 | LEGAL SERVICES | 169136 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTAL INCOME | 531120 | 103865966 | 103865966 |
| TENANT RECOVERIES & RE | 531120 | 46269623 | 46269623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 150135589 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 155643 | TotalRevenueColumn |
| Exclusion | $155,643 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 150291232 | TotalRevenueColumn |
| Related Or Exempt Function Income | 150135589 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $155,643 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1409609 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3027782 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 978911 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 312765 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179863 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56200 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103685 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43616062 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3362 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21863853 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5570154 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| TAXES & LICENSES | 13470548 |
| REPAIRS & MAINTENANCE | 3575539 |
| MESSAGE CENTER | 221258 |
| CORPORATE EXPENSES | 175226 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 790425 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95355242 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34271147 | BOY |
| EOY | 58609693 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4318351 | BOY |
| EOY | 5151114 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183010466 | BOY |
| EOY | 175704414 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 594195173 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 204743749 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 409747283 | BOY |
| EOY | 389451424 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 631347247 | BOY |
| EOY | 628916645 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5299869 | BOY |
| EOY | 5636402 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3342774 | BOY |
| EOY | 639649 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8642643 | BOY |
| EOY | 6276051 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176 | BOY |
| EOY | 176 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339604824 | BOY |
| EOY | 339604824 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 283099604 | BOY |
| EOY | 283035594 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 622704604 | BOY |
| EOY | 622640594 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 631347247 | BOY |
| EOY | 628916645 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 54935990 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -55000000 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 35100000 | InvestmentCostOrOtherBasis |
| Book Value | 35100000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 366418092 | InvestmentCostOrOtherBasis |
| Depreciation | 118180528 | Depreciation |
| Book Value | 248237564 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 179949452 | InvestmentCostOrOtherBasis |
| Depreciation | 83742416 | Depreciation |
| Book Value | 96207036 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 12282674 | InvestmentCostOrOtherBasis |
| Depreciation | 2820805 | Depreciation |
| Book Value | 9461869 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 444955 | InvestmentCostOrOtherBasis |
| Book Value | 444955 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 389451424 | TotalOfBookValueLandBuildings |
| Total Revenue | 150291232 | TotalRevenue |
| Total Expenses | 95355242 | TotalExpenses |
| Excess Or Deficit For Year | 54935990 | ExcessOrDeficitForYear |
| Other | -$55,000,000 | OtherAmount |
| Total Adjustments | -55000000 | TotalAdjustments |
| Excess Or Deficit Per FS | -64010 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 150291232 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 150291232 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 150291232 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 95355242 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 95355242 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 95355242 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COMPANY ADOPTED THE PROVISIONS OF FASB ASC (ACCOUNTING STANDARDS CODIFICATION) NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF ASC NO. 740, THE COMPANY HAS NOT RECOGNIZED ANY RESPECTIVE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS IT HAS NO KNOWN TAX POSITIONS THAT WOULD SUBJECT THE COMPANY TO ANY MATERIAL INCOME TAX EXPOSURE. THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION ARE THE YEARS ENDED DECEMBER 31, 2007 THROUGH 2010 FOR ALL MAJOR TAX JURISDICTIONS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | DIVIDENDS TO SHAREHOLDERS -55,000,000. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR DAVID BRONNER | |||||||||||||
| 0 | 376596 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 376596 | 0 | 376529 |
| HAROLD BRIDGEWOOD | |||||||||||||
| 255185 | 0 | 0 | 0 | 0 | 0 | 7350 | 0 | 2154 | 0 | 264689 | 0 | 247855 | 0 |
| WILLIAM H PUPPLO | |||||||||||||
| 182046 | 0 | 0 | 0 | 0 | 0 | 5332 | 0 | 14421 | 0 | 201799 | 0 | 211975 | 0 |
| GEORGE ACERO | |||||||||||||
| 188675 | 0 | 0 | 0 | 0 | 0 | 5622 | 0 | 7935 | 0 | 202232 | 0 | 203358 | 0 |
| ROBERT CHASE | |||||||||||||
| 239647 | 0 | 0 | 0 | 0 | 0 | 7169 | 0 | 20557 | 0 | 267373 | 0 | 248357 | 0 |
| DENNIS GOMEZ | |||||||||||||
| 197746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 197746 | 0 | 0 | 0 |
| AVERELL REYES | |||||||||||||
| 158985 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 158985 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | NEW WATER STREET CORP IS OWNED 99% BY THE TEACHERS RETIREMENT SYSTEM OF ALABAMA, EMPLOYEES RETIREMENT SYSTEM OF ALABAMA AND JUDICIAL RETIREMENT SYSTEM OF ALABAMA (COLLECTIVELY RSA) WITH THE REMAINING 1% OWNED BY THE ALABAMA STATE BOARD OF INSURANCE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | RETIREMENT SYSTEMS OF ALABAMA, AS 99% OWNER OF NEW WATER STREET CORPORATION, SELECTS THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL DECISIONS OF NEW WATER STREET CORP ARE SUBJECT TO APPROVAL BY RETIREMENT SYSTEMS OF ALABAMA, THE MAJORITY OWNER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | ROBERT CHASE, THE VICE PRESIDENT OF FINANCE, REVIEWS THE 990 BEFORE IT IS FILED. | |
| THE ORGANIZATIONS EMPLOYEE HANDBOOK CONTAINS A STATEMENT ON CONFLICTS OF INTEREST. IT IS PROVIDED TO EMPLOYEES AT EMPLOYMENT. THE POLICY IS REINFORCED AT EMPLOYEE MEETINGS PERIODICALLY. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE ORGANIZATIONS BOARD OF DIRECTORS CONDUCTS PERFORMANCE EVALUATIONS OF EXECUTIVE STAFF AND DETERMINES AND APPROVES COMPENSATION. THE DELIBERATIONS AND COMPENSATION APPROVALS ARE DOCUMENTED VIA THE MINUTES OF THE MEETINGS OF THE BOARD OF DIRECTORS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE ORGANIZATION DOES MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | DIVIDENDS TO SHAREHOLDERS -55,000,000. TOTAL TO FORM 990, PART XI, LINE 5: -55,000,000. | FORM 990, PART XI, LINE 5: |
| AUDIT COMMITTEE | THE BOARD OF DIRECTORS APPROVES THE SELECTION OF THE INDEPENDENT AUDIT FIRM AND OVERSEES THE AUDIT PROCESS. | FORM 990,PART XI, QUESTION 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RETIREMENT SYSTEMS OF ALABAMA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 SOUTH UNION STREET | AddressLine1 |
| City | MONTGOMERY | City |
| State | AL | State |
| ZIP Code | 36104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | STATE PENSION PLAN | PrimaryActivities |
| Legal Domicile State | AL | LegalDomicileState |
| Exempt Code Section | 401(A) | ExemptCodeSection |
| Public Charity Status | N/A | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RETIREMENT SYSTEMS OF ALABAMA (DIVIDEND DISTRIBUTIONS) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | 55000000 | AmountInvolved |
| Method Of Amt Determination | CASH TRANSACTION | MethodOfAmtDetermination |