Civic Intelligence

Somerset Isd Education Foundation

990 • Fiscal year 2018 • EIN 11-3841532

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 18, 2019

Organization Profilesisdef.com
PO Box 34Somerset, TX 78069

(866) 852-9858

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

34th percentile

-2.6%

Higher net margin than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

45th percentile

-0.4%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$180,529

Down $667 (-0.4%) from 2017

Net Assets

Down

$180,529

Down $667 (-0.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin34th percentile

Revenue

Down

$134,805

Down $23,723 (-15%) from 2017

Expenses

Down

$138,309

Down $128,588 (-48%) from 2017

Net Income

Up

-$3,504

Up $104,865 (+97%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2012: $33,706Liabilities 2012: $02012Assets 2013: $133,765Liabilities 2013: $02013Assets 2014: $114,630Liabilities 2014: $02014Assets 2015: $117,900Liabilities 2015: $02015Assets 2016: $280,374Liabilities 2016: $0Net Assets 2016: $280,3742016Assets 2017: $181,196Liabilities 2017: $0Net Assets 2017: $181,1962017Assets 2018: $180,529Liabilities 2018: $0Net Assets 2018: $180,5292018Assets 2019: $184,789Liabilities 2019: $0Net Assets 2019: $184,7892019Assets 2020: $223,904Liabilities 2020: $22,855Net Assets 2020: $201,0492020Assets 2021: $302,494Liabilities 2021: $22,855Net Assets 2021: $279,6392021Assets 2022: $450,622Liabilities 2022: $0Net Assets 2022: $450,6222022Assets 2023: $678,755Liabilities 2023: $0Net Assets 2023: $678,7552023Assets 2024: $674,307Liabilities 2024: $0Net Assets 2024: $674,3072024

Highlighted filing

2018

Assets$180,529
Liabilities$0
Net Assets$180,529
Open 2018 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $43,452Expenses 2012: $48,901Net Income 2012: -$5,4492012Revenue 2013: $46,430Expenses 2013: $38,679Net Income 2013: $7,7512013Revenue 2014: $51,780Expenses 2014: $68,864Net Income 2014: -$17,0842014Revenue 2015: $106,889Expenses 2015: $95,215Net Income 2015: $11,6742015Revenue 2016: $245,291Expenses 2016: $88,137Net Income 2016: $157,1542016Revenue 2017: $158,528Expenses 2017: $266,897Net Income 2017: -$108,3692017Revenue 2018: $134,805Expenses 2018: $138,309Net Income 2018: -$3,5042018Revenue 2019: $140,143Expenses 2019: $142,141Net Income 2019: -$1,9982019Revenue 2020: $517,089Expenses 2020: $509,526Net Income 2020: $7,5632020Revenue 2021: $332,039Expenses 2021: $268,344Net Income 2021: $63,6952021Revenue 2022: $361,168Expenses 2022: $191,932Net Income 2022: $169,2362022Revenue 2023: $381,522Expenses 2023: $207,682Net Income 2023: $173,8402023Revenue 2024: $231,856Expenses 2024: $207,265Net Income 2024: $24,5912024

Highlighted filing

2018

Revenue$134,805
Expenses$138,309
Net Income-$3,504
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 18, 2019
Return Version
2018v3.1
Gross Receipts
$167,236
Mission and Program Overview

Mission

The somerset isd education foundations mission is to raise, manage, and distribute funds for scholarships and other educational programs for students of the somerset independent school district.

The Somerset ISD Education Foundation's mission is to raise,manage and distibute funds for scholarships and other educational programs for students of the Somerset Independent School District.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$114,937$109,235▼ $5,702
Cash and Non-Interest-Bearing Accounts$66,259$71,294▲ $5,035
Total Assets$181,196$180,529▼ $667
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$114,512$130,628▲ $16,116
Temporarily Rstr Net Assets$66,684$49,901▼ $16,783
Total Net Assets Fund Balance$181,196$180,529▼ $667
Total Liabilities and Net Assets / Fund Balance$181,196$180,529▼ $667
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Mark HodgesPresident
Dr Omar PachecanoBoard
Brad BalderramaBoard Member
John HayesBoard Member
John RotheBoard Member
Leslie HawesBoard Member
Michelle VillanuevaBoard Member
Ramiro NavaBoard Member
RevJanna HawesBoard Member
Steve ZajchowskiBoard Member
Tammy HernandezBoard Member
Susie HernandezExecutive Director
Saul HinojosaSecretary
Frank PruskiVP Development
Roy BrownVP Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$100,674
Program Service Revenue
$0
Investment Income
$-8,539
Other Revenue
$42,670
All Other Contributions
$100,674
Change in Net Assets
$-3,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$115,300
Other Expenses$23,009
Total Fundraising Expense$2,219
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$115,300--$115,300
All Other Expenses$11,910$0$2,219$14,129
Advertising$0$2,304$0$2,304
Fees for Services Accounting$0$1,750$0$1,750
Insurance$0$1,335$0$1,335
Office Expenses$0$560$0$560
Conferences and Meetings$0$553$0$553
Other Expenses$0$249$0$249
Information Technology$0$51$0$51
Total Functional Expenses$127,210$8,880$2,219$138,309
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$64,688
Fundraising Direct Expenses$32,431
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$45,583$45,583$7,561$38,022
Casino Night$19,104$19,104$1,912$17,192
Total Events$64,687$64,687$32,430$32,257
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Somerset ISD Education Foundation
EIN
11-3841532
Phone
8668529858
Address
PO Box 34, Somerset, TX 78069

Signing Officer

Name
Susie Hernandez
Title
Executive Director
Phone
8668529858
Signed
2019-03-18

Organization Details

Principal Officer
Susie Hernandez
Formed
2008
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Garza Gonzalez and Associates
Address
207 ARDEN GROVE, SAN ANTONIO, TX 78215-1704
Preparer
Gregory R Garza
Phone
2102271389
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Form 990 is reviewed by the VP of Finance and submitted to the board for review after filing.”

Form 990, Part IX, Line 24E

“Fund Raising Expenses 2219. 0. 0. 2219.”

Form 990, Part IX, Line 24E

“School Year Kick-Off Event 1897. 1897. 0. 0.”

Form 990, Part IX, Line 24E

“Academic Banquet Events 6827. 6827. 0. 0.”

Form 990, Part IX, Line 24E

“School Year Activity Support 3186. 3186. 0. 0.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0Student support program for students in the Somerset Independent School District: activities include $34,500 of student scholarships.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt034500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Program events for the Somerset Independent School District which are School Year Kick-Off Event,Academic Banquets,and School Year Activity Support.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011910
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0132015
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0252760
IRS990/PYInvestmentIncomeAmt09496
IRS990/PYOtherExpensesAmt014137
IRS990/PYOtherRevenueAmt017017
IRS990/PYRevenuesLessExpensesAmt0-108369
IRS990/PYTotalExpensesAmt0266897
IRS990/PYTotalRevenueAmt0158528
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-3504
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Unused Teacher Innovation Grants 2015: 1973. 2016: 3689. 2017: 1961. 2018: 7878. Description: Miscellaneous 2015: 29. 2016: 0. 2017: 445. 2018: 35. Description: Unused Scholarship Grants 2018: 2500.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100674
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0132015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0217020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt080094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt031539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0561342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-8539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01167
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0-2334
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010413
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02406
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03689
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02002
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018510
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97200
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.97200
IRS990ScheduleA/PublicSupportTotal170Amt0561342
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100674
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0132015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0217020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt080094
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt031539
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0561342
IRS990ScheduleA/TotalSupportAmt0577518
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt032430
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0339
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0339
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Casino Night
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01957
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01342
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03299
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045583
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019104
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064687
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045583
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019104
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064687
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032257
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0680
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt03159
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt03839
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09473
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07561
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01912
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02150
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt013330
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt015480
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030922
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt134500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt28610
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt319000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt422268
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Teachers' Grants and Awards
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Student Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2School Board Awards and Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Corporate Sponsored Awards and Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4Foundation & Trust Awards and Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt128
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt232
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt32
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt432
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0On an annual basis, the board of directors determines and approves the amount of funds that will be designated towards these programs. These amounts are determined and listed within the annual budget that gets approved by board. Grant applications are sent out via email to all Somerset ISD staff for an opportunity to apply. Scholarship applications are mailed out to all Somerset ISD Seniors for an opportunity to apply. The grant and scholarship applications both have guidelines and a process that has been in place and was determined by board members when the foundation was established. Both are thoroughly reviewed by a selection committee made up of board members, staff and community members. The number of recipients is contingent on the amount of funds which have been designated within that application period. Recipients for grants are notified via our annual surprise patrol and scholarship recipients are notified at the annual Senior Walk. Thus far the process for both grants and scholarships has proven to be effective and efficient.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, col (b)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the VP of Finance and submitted to the board for review after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Fund Raising Expenses 2219. 0. 0. 2219.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2School Year Kick-Off Event 1897. 1897. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Academic Banquet Events 6827. 6827. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4School Year Activity Support 3186. 3186. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,529
Liabilities
$0
Net assets
$180,529
Revenue
$134,805
Expenses
$138,309
Net income
-$3,504
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$0.00$6.74$2.32$2.07$0.25
2023Detailed filing. Detailed filing data is available for this year.$6.79$0.00$6.79$3.82$2.08$1.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.00$4.51$3.61$1.92$1.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.23$2.80$3.32$2.68$0.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.23$2.01$5.17$5.10$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.00$1.85$1.40$1.42$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$1.35$1.38$0.04
2017Summary only. Only limited summary data is available for this year.$1.81$0.00$1.81$1.59$2.67$1.08
2016Summary only. Only limited summary data is available for this year.$2.80$0.00$2.80$2.45$0.88$1.57
2015Summary only. Only limited summary data is available for this year.$1.18$0.00$1.07$0.95$0.12
2014Summary only. Only limited summary data is available for this year.$1.15$0.00$0.52$0.69$0.17
2013Summary only. Only limited summary data is available for this year.$1.34$0.00$0.46$0.39$0.08
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.43$0.49$0.05