Civic Intelligence

Fei Houston Scholarship Foundation

EIN 16-1675255 • 501(c)3 • Tomball, TX

Profile

To provide college scholarships to 12 finance and accounting students from South West Texas colleges and universities in conjunction with an annual Financial Executives of Houston Inc. Academic Honors Day in February 2019. Students are selected by the Deans of the colleges and universities based on financial needs, grades and activities on campus and in the community.

11215 Olde Mint House LaneTomball, TX 77375
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,004,399

Up $125,184 (+14%) from 2023

Liabilities

Down

$764

Down $1,598 (-68%) from 2023

Net Assets

Up

$1,003,635

Up $126,782 (+14%) from 2023

Operations
Liabilities / Revenue25th percentileNet Margin90th percentile

Revenue

Up

$235,749

Up $36,332 (+18%) from 2023

Expenses

Down

$108,967

Down $2,030 (-1.8%) from 2023

Net Income

Up

$126,782

Up $38,362 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $304,084Liabilities 2011: $1502011Assets 2012: $338,703Liabilities 2012: $02012Assets 2013: $373,033Liabilities 2013: $1452013Assets 2014: $422,733Liabilities 2014: $4,8292014Assets 2015: $432,159Liabilities 2015: $02015Assets 2016: $700,079Liabilities 2016: $9,204Net Assets 2016: $690,8752016Assets 2017: $712,144Liabilities 2017: $0Net Assets 2017: $712,1442017Assets 2018: $724,433Liabilities 2018: $272Net Assets 2018: $724,1612018Assets 2019: $770,685Liabilities 2019: $2,565Net Assets 2019: $768,1202019Assets 2020: $810,705Liabilities 2020: $22,028Net Assets 2020: $788,6772020Assets 2021: $830,873Liabilities 2021: $3,225Net Assets 2021: $827,6482021Assets 2022: $789,153Liabilities 2022: $720Net Assets 2022: $788,4332022Assets 2023: $879,215Liabilities 2023: $2,362Net Assets 2023: $876,8532023Assets 2024: $1,004,399Liabilities 2024: $764Net Assets 2024: $1,003,6352024

Highlighted filing

2024

Assets$1,004,399
Liabilities$764
Net Assets$1,003,635
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $67,677Expenses 2011: $40,720Net Income 2011: $26,9572011Revenue 2012: $72,489Expenses 2012: $37,720Net Income 2012: $34,7692012Revenue 2013: $81,898Expenses 2013: $47,713Net Income 2013: $34,1852013Revenue 2014: $98,003Expenses 2014: $68,131Net Income 2014: $29,8722014Revenue 2015: $85,721Expenses 2015: $71,466Net Income 2015: $14,2552015Revenue 2016: $329,794Expenses 2016: $71,078Net Income 2016: $258,7162016Revenue 2017: $103,220Expenses 2017: $81,951Net Income 2017: $21,2692017Revenue 2018: $107,923Expenses 2018: $95,906Net Income 2018: $12,0172018Revenue 2019: $121,037Expenses 2019: $77,078Net Income 2019: $43,9592019Revenue 2020: $121,540Expenses 2020: $100,983Net Income 2020: $20,5572020Revenue 2021: $135,291Expenses 2021: $96,320Net Income 2021: $38,9712021Revenue 2022: $73,070Expenses 2022: $112,285Net Income 2022: -$39,2152022Revenue 2023: $199,417Expenses 2023: $110,997Net Income 2023: $88,4202023Revenue 2024: $235,749Expenses 2024: $108,967Net Income 2024: $126,7822024

Highlighted filing

2024

Revenue$235,749
Expenses$108,967
Net Income$126,782
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,004,399
Liabilities
$764
Net assets
$1,003,635
Revenue
$235,749
Expenses
$108,967
Net income
$126,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.24$0.11$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.20$0.11$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.00$0.79$0.07$0.11$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.00$0.83$0.14$0.10$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.02$0.79$0.12$0.10$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.12$0.08$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$0.11$0.10$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$0.10$0.08$0.02
2016Summary only. Only limited summary data is available for this year.$0.70$0.01$0.69$0.33$0.07$0.26
2015Summary only. Only limited summary data is available for this year.$0.43$0.00$0.09$0.07$0.01
2014Summary only. Only limited summary data is available for this year.$0.42$0.00$0.10$0.07$0.03
2013Summary only. Only limited summary data is available for this year.$0.37$0.00$0.08$0.05$0.03
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.07$0.04$0.03
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.07$0.04$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 1, 2019
Return Version
2018v3.1
Gross Receipts
$121,037
Mission and Program Overview

Mission

To provide college scholarships to 12 finance and accounting students from Greater Houston/Galveston colleges and universities in conjunction with an annual Financial Executives of Houston Inc. Academic Honors Day in February 2025. Students are selected by the Deans of the colleges and universities based on financial needs, grades and activities on campus and in the community.

The FEI Houston Scholarship Foundation provides scholarships in the amount of $5,000 each to 12 finance/accounting students selected by their colleges and universities based on the criteria noted in Part III, Section 1 below.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$565,621$602,518▲ $36,897
Pledges and Grants Receivable$64,000$89,000▲ $25,000
Cash and Non-Interest-Bearing Accounts$94,812$79,167▼ $15,645
Total Assets$724,433$770,685▲ $46,252
Liabilities
Accounts Payable and Accrued Expenses$272$2,565▲ $2,293
Total Liabilities$272$2,565▲ $2,293
Net Assets / Fund Balance
Unrestricted Net Assets$660,161$679,120▲ $18,959
Temporarily Rstr Net Assets$64,000$89,000▲ $25,000
Total Net Assets Fund Balance$724,161$768,120▲ $43,959
Total Liabilities and Net Assets / Fund Balance$724,433$770,685▲ $46,252
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Mark Fehrs HaukohlChairman & Director
James R StorferPresident & Director
Bruce K MisamoreDirector
Evelyn AngelleDirector
K Scott GrayDirector
Mike VitekDirector
Rich RosenbergDirector
Deborah ClarkSecretary &director
M Colleen EstesTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$93,035
Program Service Revenue
$0
Investment Income
$21,262
Other Revenue
$6,740
All Other Contributions
$93,035
Change in Net Assets
$43,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,297
Revenue Not Reported on Financial Statements
$6,740
Revenue Not Reported on Form 990
$6,740
Other Revenue Adjustments
$6,740
Total Revenue per Audited Statements
$121,037
Total Revenue per Form 990
$121,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,000
Other Expenses$17,078
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$60,000--$60,000
Fees for Services Management$19,578$0$0$19,578
Fees for Services Accounting$7,500$0$0$7,500
Other Expenses$-10,000$0$0$-10,000
Total Functional Expenses$77,078$0$0$77,078

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$77,078
Total Expenses per Audited Statements$77,078
Total Expenses per Form 990$77,078
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fei Houston Scholarship Foundation
EIN
16-1675255
Phone
7132996618
Address
11215 OLDE MINT HOUSE LANE, TOMBALL, TX 77375
Doing Business As
Fei Houston Scholarship Foundation

Signing Officer

Name
Colleen Estes
Title
Treasurer
Phone
7132996618
Signed
2019-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James R Storfer
Formed
2003
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
100

Preparer

Firm
H&c Pllc
Address
14207 Withersdale Drive, Houston, TX 77070
Preparer
Christopher A Hopkins
Phone
7139273537
Supplemental Narrative

Additional Explanations

Pt VI, Line 10B

“The Form 990 is prepared by a paid preparer, a Certified Public Accountant with over 25 years of experience. The Foundation's books and records and the audited financial statements are used to prepare the Form 990. At the completion of the preparation of the return, it is distributed electronically to the Directors for their review. Comments and questions are sent back to the Treasurer for further investigation. Changes are made to the Form 990 and supporting schedules as appropriate and required.”

Pt VI, Line 11B

“The governing documents of the FEI Scholarship Foundation can be found on the website at info.feihouston.org. The annual audited financial statements as well as the tax returns are also posted on the FEI Houston Scholarship Foundation website.”

Pt VI, Line 7B

“see schedule R, Part VII regarding governance decisions of the Member.”

Pt XI

“Line 5, net unrealized gains of $6,740 are included in line 1 total of $121,037.”

Pt VI, Line 6

“See list of trustees/directors under section VII.”

Pt VI, Line 7A

“There were none.”

Financial Statement Notes

Pt XI, Line 4B

“Represents unrealized gains on investment income of $6,740”

Raw XML AppendixShowing 400 of 444 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0To provide college scholarships to 12 finance and accounting students from South West Texas colleges and universities in conjunction with an annual Financial Executives of Houston Inc. Academic Honors Day in February 2019. Students are selected by the Deans of the colleges and universities based on financial needs, grades and activities on campus and in the community.
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IRS990/PrincipalOfficerNm0JAMES R STORFER
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IRS990/RevenueAmt0121037
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Part II, Section C, Lines 17a and 17b -See attached Facts and Circumstances Test Memo
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 17a
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt094726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0119400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0204350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt073429
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt06740
IRS990ScheduleD/OtherRevenuesNotIncludedAmt06740
IRS990ScheduleD/RevenueNotReportedAmt06740
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt06740
IRS990ScheduleD/RevenueSubtotalAmt0114297
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Represents unrealized gains on investment income of $6,740
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
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IRS990ScheduleD/TotalRevenuePerForm990Amt0121037
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt060000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH SCHOLARSHIP AWARDS FOR COLLECGE STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NONE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0ACTUAL CASH VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Cash Scholarship Awards are distributed only to students attending the selected universities and colleges within the state of Texas. Awards are approved by the Board of Directors after detailed review and approval of their applications.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Checks are signed and mailed directly to the universities and colleges, to be distributed to the receipient.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2The Scholarship recipients are acknowledged at an Annual Academic Honors Day Program held in Houston, Texas. The Professors and Dean attend the event as well.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by a paid preparer, a Certified Public Accountant with over 25 years of experience. The Foundation's books and records and the audited financial statements are used to prepare the Form 990. At the completion of the preparation of the return, it is distributed electronically to the Directors for their review. Comments and questions are sent back to the Treasurer for further investigation. Changes are made to the Form 990 and supporting schedules as appropriate and required.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing documents of the FEI Scholarship Foundation can be found on the website at info.feihouston.org. The annual audited financial statements as well as the tax returns are also posted on the FEI Houston Scholarship Foundation website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2see schedule R, Part VII regarding governance decisions of the Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 5, net unrealized gains of $6,740 are included in line 1 total of $121,037.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See list of trustees/directors under section VII.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There were none.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7a
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FINANCIAL EXECUTIVES OF HOUSTON INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0746061063
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CAREER DEVELOPMENT PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 32
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BELLAIRE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077402
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0FEI Houston Scholarship Foundation has one Member, Financial Executives of Houston Inc. The Member shall exercise such rights and perform such duties as required or permitted by law, the Articles of Incorporation or the Bylaws. The following matters are reserved to the Member and shall require the affirmative action of the Member to be effective: a) merger, acquisition or consolidation of the FEI Scholarship Foundation; b) borrowing or lending of money or the creation of indebtedness through the guaranty of another's debt or simarilar action; and c) removal of directors.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc01)
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