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Wise Owl Properties Inc

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$135k (2022)

Expenses
$183k (2022)

Total Assets
$1.13M (2022)

Total Liabilities
$936k (2022)

Source: Form 990 tax filings from 2013 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,004
Expenses
$183,063
Net Income
-$48,059
Net Assets
$195,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,131,437
Total Liabilities $936,273
Net Assets $195,164
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Veronica Catoe (Vice President) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0
Ray Parkhurst (Board Memeber) $0 $0 $0
Linda Levin (Executive Director) $0 $160,019 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$155,023
Expenses
$126,333
Net Income
$28,690
Net Assets
$243,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
87.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,023
12.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,220,594
Total Liabilities $977,371
Net Assets $243,223
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Veronica Catoe (Vice President) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0
Ray Parkhurst (Board Memeber) $0 $0 $0
Linda Levin (Executive Director) $0 $151,018 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,539
Expenses
$247,595
Net Income
-$75,056
Net Assets
$214,533
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $152,700
88.5%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,837
11.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,232,573
Total Liabilities $1,018,040
Net Assets $214,533
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Veronica Catoe (Board Memeber) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0
Ray Parkhurst (Board Memeber) $0 $0 $0
Linda Levin (Executive Director) $0 $142,469 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,000
Expenses
$239,233
Net Income
-$104,233
Net Assets
$178,246
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,052,785
Total Liabilities $1,874,539
Net Assets $178,246
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Don Roberts (Vice President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Veronica Catoe (Board Memeber) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0
Ray Parkhurst (Board Memeber) $0 $0 $0
Linda Levin (Executive Director) $0 $131,029 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,000
Expenses
$205,510
Net Income
-$70,510
Net Assets
$82,479
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,029,372
Total Liabilities $1,946,893
Net Assets $82,479
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Don Roberts (Vice President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Linda Levin (Executive Director) $0 $132,576 $0
Veronica Catoe (Board Memeber) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,810
Expenses
$224,118
Net Income
-$88,308
Net Assets
$54,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $810
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,087,679
Total Liabilities $2,033,135
Net Assets $54,544
Compensation
Key Employees and Officers Compensation Related Other
Fran Pepis (President) $0 $0 $0
Don Roberts (Vice President) $0 $0 $0
Melissa Gilreath (Secretary) $0 $0 $0
Brenda Ezell (Treasurer) $0 $0 $0
Robert Morgan (Board Memeber) $0 $0 $0
Veronica Catoe (Board Memeber) $0 $0 $0
Bill Ternent (Board Memeber) $0 $0 $0
Linda Levin (Executive Director) $0 $126,200 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,000
Expenses
$227,376
Net Income
-$92,376
Net Assets
$21,352
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,201
3.2%
Assets/Debt
Total Assets $2,137,917
Total Liabilities $2,116,565
Net Assets $21,352
Compensation
Key Employees and Officers Compensation Related Other
Robert Morgan (President) $0 $0 $0
Don Roberts (Secretary) $0 $0 $0
Dr William Ternent (Assistant Secretary) $0 $0 $0
Fran Pepis (Treasurer) $0 $0 $0
Veronica Catoe (Director) $0 $0 $0
Linda Levin (Executive Director) $0 $112,710 $24,786

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,550
Expenses
$148,574
Net Income
-$13,024
Net Assets
-$41,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
99.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $550
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $11,776
7.9%
Assets/Debt
Total Assets $2,200,607
Total Liabilities $2,242,011
Net Assets -$41,404
Compensation
Key Employees and Officers Compensation Related Other
Robert Morgan (President) $0 $0 $0
Don Roberts (Secretary) $0 $0 $0
Dr William Ternent (Assistant Secretary) $0 $0 $0
Fran Pepis (Treasurer) $0 $0 $0
Linda Levin (Executive Director) $0 $107,120 $18,824
Veronica Cato (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,000
Expenses
$119,504
Net Income
$15,496
Net Assets
-$53,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $135,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,574
5.5%
Assets/Debt
Total Assets $1,088,980
Total Liabilities $1,142,360
Net Assets -$53,380
Compensation
Key Employees and Officers Compensation Related Other
Robert Morgan (President) $0 $0 $0
Don Roberts (Secretary) $0 $0 $0
Dr William Ternent (Assistant Secretary) $0 $0 $0
Fran Pepis (Treasurer) $0 $0 $0
Veronica Catoe (Member) $0 $0 $0
Linda Levin (Executive Director) $0 $101,489 $18,824

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,000
Expenses
$158,876
Net Income
-$68,876
Net Assets
-$68,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $16,321
10.3%
Assets/Debt
Total Assets $1,118,033
Total Liabilities $1,186,909
Net Assets -$68,876
Compensation
Key Employees and Officers Compensation Related Other
Robert Morgan (President) $0 $0 $0
Don Roberts (Secretary) $0 $0 $0
Dr William Ternent (Assistant Secretary) $0 $0 $0
Fran Pepis (Treasurer) $0 $0 $0
Veronica Catoe (Member) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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