Civic Intelligence

Fei Houston Scholarship Foundation

990 • Fiscal year 2017 • EIN 16-1675255

Jul 01, 2016 to Jun 30, 2017 • Filed on May 02, 2018

Organization Profilefeihoustonfoundation.org/index.php
11215 Olde Mint House LaneTomball, TX 77375

(713) 299-6618

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

46th percentile

1.7%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-69%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$712,144

Up $12,065 (+1.7%) from 2016

Net Assets

Up

$712,144

Up $21,269 (+3.1%) from 2016

Liabilities

Down

$0

Down $9,204 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin77th percentile

Revenue

Down

$103,220

Down $226,574 (-69%) from 2016

Expenses

Up

$81,951

Up $10,873 (+15%) from 2016

Net Income

Down

$21,269

Down $237,447 (-92%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$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

2017

Assets$712,144
Liabilities$0
Net Assets$712,144
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$103,220
Expenses$81,951
Net Income$21,269
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 2, 2018
Return Version
2016v3.0
Gross Receipts
$103,220
Mission and Program Overview

Mission

To provide college scholarships to 12 finance and accounting students from South West Texas colleges and universities in

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 above.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$414,800$361,648▼ $53,152
Cash and Non-Interest-Bearing Accounts$185,279$267,996▲ $82,717
Pledges and Grants Receivable$100,000$82,500▼ $17,500
Total Assets$700,079$712,144▲ $12,065
Liabilities
Accounts Payable and Accrued Expenses$9,204--
Total Liabilities$9,204$0▼ $9,204
Net Assets / Fund Balance
Unrestricted Net Assets$616,375$661,144▲ $44,769
Temporarily Rstr Net Assets$74,500$51,000▼ $23,500
Total Net Assets Fund Balance$690,875$712,144▲ $21,269
Total Liabilities and Net Assets / Fund Balance$700,079$712,144▲ $12,065
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Mark Fehrs HaukohlChairman & Director
James R StorferPresident & Director
Bruce K MisamoreDirector
Evelyn AngelleDirector
Mike VitekDirector
John D ThomasSecretary & Director
M Colleen EstesTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$95,386
Program Service Revenue
$0
Investment Income
$14,117
Other Revenue
$-6,283
All Other Contributions
$95,386
Change in Net Assets
$21,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$109,503
Revenue Not Reported on Financial Statements
$-6,283
Revenue Not Reported on Form 990
$-6,283
Other Revenue Adjustments
$-6,283
Total Revenue per Audited Statements
$103,220
Total Revenue per Form 990
$103,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,000
Other Expenses$21,951
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$14,451$0$0$14,451
Fees for Services Accounting$7,500$0$0$7,500
Total Functional Expenses$81,951$0$0$81,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$81,951
Total Expenses per Audited Statements$81,951
Total Expenses per Form 990$81,951
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
No
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

Signing Officer

Name
Colleen Estes
Title
Treasurer
Phone
7132996618
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James R Storfer
Formed
2003
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
100

Preparer

Firm
H&c Pllc
Address
12777 JONES RD STE 120, HOUSTON, TX 77070
Preparer
Christopher a Hopkins
Phone
8322373415
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 losses of $6,283 are included in line 1 total of $103,220.”

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 losses on investment income of $6,283”

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH SCHOLARSHIP AWARDS FOR COLLECGE STUDENTS
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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 by two Directors and mailed directly to the universities and colleges.
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.
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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 losses of $6,283 are included in line 1 total of $103,220.
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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7a
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CAREER DEVELOPMENT PROGRAMS
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
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.
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt044000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13300
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH PYMT REC'D
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL CASH PYMT REC'D
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FINANCIAL EXECUTIVES OF HOUSTON INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FINANCIAL EXECUTIVES OF HOUSTON INC
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07132996618
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ReturnHeader/FilingSecurityInformation/IPTm008:25:51
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H&C PLLC
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$712,144
Liabilities
$0
Net assets
$712,144
Revenue
$103,220
Expenses
$81,951
Net income
$21,269
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
2017Detailed filing. Detailed filing data is available for this year.$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