Civic Intelligence

Texas Foundation for Innovative Communities Inc

990 • Fiscal year 2014 • EIN 20-5267886

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2015

1108 Lavaca StreetAustin, TX 78701

(512) 279-0757

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

44th percentile

0.9%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$168,525

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 74.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

97th percentile

394%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$853

Up $818 (+2337%) from 2012

Net Assets

Up

$853

Up $818 (+2337%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$227,200

No earlier filing loaded for comparison.

Expenses

Up

$225,101

Up $21,486 (+11%) from 2012

Net Income

$2,099

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2010: $32,549Liabilities 2010: $0Net Assets 2010: $32,5492010Assets 2011: $51,924Liabilities 2011: $0Net Assets 2011: $51,9242011Assets 2012: $35Liabilities 2012: $0Net Assets 2012: $352012Assets 2014: $853Liabilities 2014: $0Net Assets 2014: $8532014Assets 2015: $4,935Liabilities 2015: $0Net Assets 2015: $4,9352015Assets 2016: $684Liabilities 2016: $0Net Assets 2016: $6842016Assets 2017: $6,352Liabilities 2017: $0Net Assets 2017: $6,3522017Assets 2018: $51,328Liabilities 2018: $0Net Assets 2018: $51,3282018Assets 2019: $183Liabilities 2019: $0Net Assets 2019: $1832019Assets 2020: $5,530Liabilities 2020: $129Net Assets 2020: $5,4012020Assets 2021: $30,742Liabilities 2021: $595Net Assets 2021: $30,1472021Assets 2022: $458Liabilities 2022: $0Net Assets 2022: $4582022Assets 2023: $765Liabilities 2023: $0Net Assets 2023: $7652023Assets 2024: $19,742Liabilities 2024: $0Net Assets 2024: $19,7422024

Highlighted filing

2014

Assets$853
Liabilities$0
Net Assets$853

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $430,9742010Expenses 2011: $438,6832011Expenses 2012: $203,6152012Revenue 2014: $227,200Expenses 2014: $225,101Net Income 2014: $2,0992014Revenue 2015: $263,404Expenses 2015: $259,321Net Income 2015: $4,0832015Revenue 2016: $151,692Expenses 2016: $155,943Net Income 2016: -$4,2512016Revenue 2017: $334,957Expenses 2017: $329,289Net Income 2017: $5,6682017Revenue 2018: $272,541Expenses 2018: $227,565Net Income 2018: $44,9762018Revenue 2019: $152,101Expenses 2019: $203,246Net Income 2019: -$51,1452019Revenue 2020: $193,340Expenses 2020: $188,122Net Income 2020: $5,2182020Revenue 2021: $257,647Expenses 2021: $232,902Net Income 2021: $24,7452021Revenue 2022: $22,616Expenses 2022: $52,305Net Income 2022: -$29,6892022Revenue 2023: $220,401Expenses 2023: $220,094Net Income 2023: $3072023Revenue 2024: $251,442Expenses 2024: $232,465Net Income 2024: $18,9772024

Highlighted filing

2014

Revenue$227,200
Expenses$225,101
Net Income$2,099
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2015
Return Version
2014v5.0
Gross Receipts
$227,200
Mission and Program Overview

Mission

To establish and develop the texas clean energy park as the preeminent collaborative environment for innovative research, development, commercialization and training in the areas of renewable energy, efficiency, smart buildings and infrastructure.

To establish and develop the Texas Clean Energy Park as the preeminent collaborative environment for innovative research, development, commercialization and training in the areas of renewable energy, efficiency, smart buildings & infrastructure

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$759-
Cash and Non-Interest-Bearing Accounts$153$94▼ $59
Total Assets$153$853▲ $700
Liabilities
Accounts Payable and Accrued Expenses$1,400--
Total Liabilities$1,400$0▼ $1,400
Net Assets / Fund Balance
Unrestricted Net Assets$-1,247$853▲ $2,100
Total Net Assets Fund Balance$-1,247$853▲ $2,100
Total Liabilities and Net Assets / Fund Balance$153$853▲ $700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$759$1,139$1,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larry J PetersonKey EmployeeFT$168,525$168,525
Larry J Peterson--$168,525$168,525

Board Members and Trustees

NameTitle
Pike PowersChair
Mitch JacobsonVice-Chair
David SmithDirector
Harry FairDirector
Jamie RhodesDirector
Jose BeceiroDirector
Mike SemmensDirector
Ron LehmanDirector
Rudy ColmeneroDirector
Tracy Laquey ParkerDirector
Bill StanberryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$227,046
Program Service Revenue
$154
Investment Income
$0
Other Revenue
$0
All Other Contributions
$227,046
Change in Net Assets
$2,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,923
Other Expenses$39,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$168,525$0$0$168,525
Other Expenses$32,500$0$0$32,500
Other Salaries and Wages$8,138$0$0$8,138
Payroll Taxes$6,360$0$0$6,360
Other Employee Benefits$2,900$0$0$2,900
Insurance$2,834$0$0$2,834
Travel$2,201$0$0$2,201
Depreciation Depletion$1,139$0$0$1,139
Office Expenses$504$0$0$504
Total Functional Expenses$225,101$0$0$225,101
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
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Texas Foundation for Innovative Communities Inc
EIN
20-5267886
Phone
5122790757
Address
1108 Lavaca Street, Austin, TX 78701

Signing Officer

Name
Pike Powers
Title
Director
Phone
5122790757
Signed
2015-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Stanberry
Formed
2008
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
0

Preparer

Firm
Mitchell & Colmenero LLP
Address
700 Lavaca St Ste 607, Austin, TX 78701
Preparer
Rudy R Colmenero
Phone
5123220500
Supplemental Narrative

Additional Explanations

Pt X

Line 22, Taxpayer agreed to reimburse employee for business expenses incurred and paid personally provided expense reports were presented.

Pt VI, Line 2

Bill Stanberry is father to BJ Stanberry and both are on the Board of Directors

Pt VI, Line 11B

Tax return was presented to Treasurer for review before filing.

Pt VI, Line 15A

Industry standards were used in determining the compensation package

Pt VI, Line 6

There are 8 voting memebers of the governing body

Pt VI, Line 19

Governing documents, conflice of interest policy and financial statements are available upon request

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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/ProgSrvcAccomActy2Grp/Desc0GREEN JOBS INITIATIVE - IN ITS GREEN JOBS INITIATIVE, TFIC IS HELPING DIRECT A COLLABORATIVE EFFORT TO DEVELOP A REGIONAL APPROACH TO CLEAN ENERGY TRAINING, BY PROVIDING TECHNICAL AND INDUSTRY INFORMATION AND PERSPECTIVE, AND LEVERAGING THE KNOWLEDGE AND RESOURCES OF THE EXISTING WORDFORCE DEVELOPMENT AGENCIES AND TRAINING INSTITUTIONS. AN MOU WITH THE CAPITAL AREA WORKFORCE DEVELOPMENT BOARD HAS BEEN SIGNED, IN WHICH THAT AGENCY AGREES TO BOTH WORK WITH TFIC TO DEVELOP TRAINING PLANS AND PRIORI
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0227200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0227200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt030527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0458058
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0462030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01327263
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01448461
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0121198
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0121198
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0227200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0151725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0458058
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0462030
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01448461
IRS990ScheduleA/TotalSupportAmt01448461
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01139
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01898
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0759
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LARRY J PETERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168525
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt07871
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Expense Reports
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt07871
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0L PETERSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Employee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt07871
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 22, Taxpayer agreed to reimburse employee for business expenses incurred and paid personally provided expense reports were presented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bill Stanberry is father to BJ Stanberry and both are on the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tax return was presented to Treasurer for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Industry standards were used in determining the compensation package
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There are 8 voting memebers of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, conflice of interest policy and financial statements are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0153
IRS990/TotalAssetsEOYAmt0853
IRS990/TotalAssetsGrp/BOYAmt0153
IRS990/TotalAssetsGrp/EOYAmt0853
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0227046
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225101
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01400
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01400
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1247
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0853
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0154
IRS990/TotalProgramServiceExpensesAmt0225101
IRS990/TotalProgramServiceRevenueAmt0154
IRS990/TotalReportableCompFromOrgAmt0168525
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227200
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0153
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0853
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt02201
IRS990/TravelGrp/TotalAmt02201
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1247
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0853
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0515 Congress Ave Ste 1510
IRS990/USAddress/CityNm0Austin
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078701
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PIKE POWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05122790757
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Texas Foundation for Innovative Communities Inc
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0205267886
ReturnHeader/Filer/PhoneNum05122790757
ReturnHeader/Filer/USAddress/AddressLine1Txt01108 Lavaca Street
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mitchell & Colmenero LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 Lavaca St Ste 607
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Austin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078701
ReturnHeader/PreparerPersonGrp/PhoneNum05123220500
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUDY R COLMENERO
ReturnHeader/ReturnTs02015-08-13T09:45:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$2.51$2.32$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$2.20$2.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.23$0.52$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.01$0.30$2.58$2.33$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.00$0.05$1.93$1.88$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.52$2.03$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$2.73$2.28$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.00$0.06$3.35$3.29$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$1.52$1.56$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$2.63$2.59$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$2.27$2.25$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$2.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$4.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$4.31