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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Inspection
Name of the organization
CHAPALA STREET INVESTMENTS INC
Employer identification number
26-0831353
26-0831353
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | RUSSELL SMITH, CORY CARLSON, TUP FISHER, JAMES HUMMER, AND PATRICK MALLEY ARE ALL EMPLOYED AS PART OF THE INVESTMENT TEAM OF WASHINGTON CAPITAL MANAGEMENT. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A TITLE-HOLDING COMPANY, ORGANIZED AND OPERATED FOR THE BENEFIT OF ITS SOLE STOCKHOLDER/MEMBER. WASHINGTON CAPITAL JOINT MASTER TRUST, THE SOLE MEMBER OF THE TITLE HOLDING COMPANY, IS A GROUP TRUST AS DESCRIBED IN REVENUE RULING 81-100 AND IS EXEMPT UNDER IRC SECTION 501(A) FOR THE FUNDS THAT EQUITABLY BELONG TO ITS PARTICIPATING TRUSTS THAT QUALIFY UNDER IRC SECTION 401(A). THE TRUST IS ALSO TAX EXEMPT UNDER IRC SECTION 408(E) FOR FUNDS THAT EQUITABLY BELONG TO ITS PARTICIPATING INDIVIDUAL RETIREMENT ACCOUNTS THAT QUALIFY UNDER IRC SECTION 408. WASHINGTON CAPITAL JOINT MASTER TRUST IS ESTABLISHED FOR THE EXCLUSIVE PURPOSE OF HOLDING IN TRUST ONE OR MORE COLLECTIVE FUNDS WITH THE OBJECTIVE OF OBTAINING VARIOUS ECONOMIES AND GREATER DIVERSIFICATION BY POOLING INDIVIDUAL TRUST ASSETS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TAXPAYER AUTHORIZED AND ISSUED ONLY ONE CLASS OF SHARES OF STOCK AND ISSUED 100 SHARES TO WASHINGTON CAPITAL JOINT MASTER TRUST. THE HOLDER OF THE STOCK IS ENTITLED TO ONE VOTE PER SHARE. THE INITIAL DIRECTORS WERE NAMED IN THE ARTICLES OF INCORPORATION. DIRECTORS ARE ELECTED BY THE SOLE SHAREHOLDER AT EACH ANNUAL MEETING TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING. ANY ONE OR MORE MEMBERS OF THE BOARD (INCLUDING THE ENTIRE BOARD) MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY A VOTE OF THE SOLE SHAREHOLDER. THEREFORE, WASHINGTON CAPITAL JOINT MASTER TRUST APPOINTS AND CAN REMOVE THE BOARD OF DIRECTORS OF THE TITLE HOLDING COMPANY BY VOTE, WITH OR WITHOUT CAUSE. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL POWERS ARE EXERCISED BY AND UNDER THE AUTHORITY OF THE BOARD. THE ORGANIZATION'S BUSINESS AND AFFAIRS ARE MANAGED UNDER THE DIRECTION OF THE BOARD AND SINCE WASHINGTON CAPITAL JOINT MASTER TRUST APPOINTS THE BOARD AND HAS THE RIGHT TO REMOVE ANY OR ALL MEMBERS OF THE BOARD, ANY DECISIONS ARE SUBJECT TO THE APPROVAL OF THE SOLE MEMBER. ANY ONE OR MORE MEMBERS OF THE BOARD (INCLUDING THE ENTIRE BOARD) MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY A VOTE OF THE SOLE SHAREHOLDER. |
| FORM 990, PART VI, SECTION B, LINE 11 | FINANCIAL TRANSACTIONS RELATED TO FORM 990 ARE REVIEWED CONTINUOUSLY DURING THE YEAR BY A MEMBER OF THE GOVERNING BODY. AT A MINIMUM, THE FORM 990 IS REVIEWED BY AT LEAST ONE MEMBER OF THE GOVERNING BODY BUT NOT ALWAYS BY THE ENTIRE BODY. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS AND OFFICERS ARE REQUIRED ANNUALLY TO SUBMIT A WRITTEN STATEMENT SHOWING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THIS STATEMENT IS REVIEWED BY A COMPLIANCE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THESE QUESTIONS ARE NOT APPLICABLE. THE ORGANIZATION DOES NOT PAY COMPENSATION AND THEREFORE DOES NOT HAVE A PROCESS FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S FORM 1024 AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON WRITTEN OR IN-PERSON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN OR IN-PERSON REQUEST. THE ORGANIZATION DOES NOT HAVE AN AUDITED FINANCIAL STATEMENT. AN AUDITED STATEMENT IS PREPARED FOR THE SOLE MEMBER AND IS AVAILABLE AT THE ORGANIZATION'S OFFICE OR BY WRITTEN REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANT 23,786. OTHER PROFESSIONAL FEES 78,213. |
| FORM 990, PART XI, LINE 9: | MEMBER DISTRIBUTIONS -158,009. MEMBER CONTRIBUTIONS 371,802. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013
Additional Data
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