Civic Intelligence

Foundation for a Globally Competitive Texas

990EZ • Fiscal year 2022 • EIN 20-5645189

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 12, 2023

816 Congress Avenue 990Austin, TX 78701

(512) 481-0525

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-25%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-60%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$89,794

Down $29,157 (-25%) from 2021

Net Assets

Down

$89,794

Down $29,157 (-25%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$118,250

Down $176,696 (-60%) from 2021

Expenses

Down

$147,407

Down $71,268 (-33%) from 2021

Net Income

Down

-$29,157

Down $105,428 (-138%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $68,761Net Assets 2010: $68,7612010Assets 2011: $15,926Net Assets 2011: $15,9262011Assets 2012: $25,258Net Assets 2012: $25,2582012Assets 2013: $35,342Net Assets 2013: $35,3422013Assets 2014: $53,006Net Assets 2014: $53,0062014Assets 2015: $64,201Net Assets 2015: $64,2012015Assets 2016: $16,002Net Assets 2016: $16,0022016Assets 2017: $13,365Liabilities 2017: $02017Assets 2018: $21,253Net Assets 2018: $21,2532018Assets 2019: $37,112Liabilities 2019: $02019Assets 2020: $42,680Net Assets 2020: $42,6802020Assets 2021: $118,951Liabilities 2021: $0Net Assets 2021: $118,9512021Assets 2022: $89,794Liabilities 2022: $0Net Assets 2022: $89,7942022Assets 2023: $55,510Liabilities 2023: $0Net Assets 2023: $55,5102023Assets 2024: $425,463Liabilities 2024: $0Net Assets 2024: $425,4632024

Highlighted filing

2022

Assets$89,794
Liabilities$0
Net Assets$89,794

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $55,719Expenses 2010: $48,141Net Income 2010: $7,5782010Revenue 2011: $23,540Expenses 2011: $76,375Net Income 2011: -$52,8352011Revenue 2012: $91,162Expenses 2012: $81,830Net Income 2012: $9,3322012Revenue 2013: $20,000Expenses 2013: $9,916Net Income 2013: $10,0842013Revenue 2014: $30,100Expenses 2014: $12,436Net Income 2014: $17,6642014Revenue 2015: $25,000Expenses 2015: $13,805Net Income 2015: $11,1952015Revenue 2016: $28,640Expenses 2016: $76,839Net Income 2016: -$48,1992016Revenue 2017: $54,095Expenses 2017: $56,732Net Income 2017: -$2,6372017Revenue 2018: $99,598Expenses 2018: $91,710Net Income 2018: $7,8882018Revenue 2019: $85,670Expenses 2019: $69,811Net Income 2019: $15,8592019Revenue 2020: $130,000Expenses 2020: $124,432Net Income 2020: $5,5682020Revenue 2021: $294,946Expenses 2021: $218,675Net Income 2021: $76,2712021Revenue 2022: $118,250Expenses 2022: $147,407Net Income 2022: -$29,1572022Revenue 2023: $205,381Expenses 2023: $239,665Net Income 2023: -$34,2842023Revenue 2024: $633,473Expenses 2024: $263,520Net Income 2024: $369,9532024

Highlighted filing

2022

Revenue$118,250
Expenses$147,407
Net Income-$29,157
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 12, 2023
Return Version
2022v5.0
Gross Receipts
$137,500
Mission and Program Overview

Mission

The Foundation for a Globally Competitive Texas was created by Texas business leaders in 2006 to facilitate the growth of a prosperous Texas in a globally competitive business environment. The purpose of the Foundation is to advise our state and national policy makers on issues critical to Texas economic growth with timely and fact based information.

The Foundation for a Globally Competitive Texas was created by Texas business leaders in 2006 to facilitate the growth of a prosperous Texas in a globally competitive business environment. The purpose of the Foundation is to advise our state and national policymakers on issues critical to Texas' economic growth with timely and fact-based information.

Program Services

DescriptionGrantsExpenses
Provide and coordinate research on public policy issues that affect Texas' global competititveness, including economic development, federal issues, public and higher education, and infrastructure. Communicate those findings and data to the general public, those in public service, and elected and appointed leadership.$10,103$133,748
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick SerafyChairman-$0--
Colleen McHughTreasurer-$0--
Kent EastmanBoard Member-$0--
Gay GaddisBoard Member-$0--
Woody L HuntBoard Member-$0--
Tym TombarBoard Member-$0--
Justin YancyExecutive Director/Secretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
RWW Award$14,000$2,400$4,250$-1,850
Total Events$14,000$2,400$19,250$-16,850
Filing and Contact Details

Filer

Filer Name
Foundation for a Globally Competitive
EIN
20-5645189
Phone
5124810525
Address
816 Congress Avenue 990, Austin, TX 78701

Signing Officer

Name
Justin Yancy
Title
Executive Director/Secretary
Phone
5124810525
Signed
2023-06-12
Discuss with paid preparer
Yes

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: Program support. Grantee Name: Texas Association of Community Colleges. Grantee Address: 1304 San Antonio Street, Suite 201 Austin, TX 78701. Grantee Relationship: N/A. Date of Gift: 07/07/22. Amount Given: 5,000.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: Program support. Grantee Name: Texas Higher Education Foundation. Grantee Address: 1801 N. Congress Ave. Suite 12.200 Austin, TX 78701. Grantee Relationship: N/A. Date of Gift: 09/12/22. Amount Given: 5,000. Total included on Form 990-EZ, line 10: 10,000.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Office expenses. Amount: 2,100. Description: Conferences and meetings. Amount: 10,156. Description: Insurance. Amount: 1,599. Description: Travel. Amount: 19,813. Total to Form 990-EZ, line 16: 33,668.

Raw XML Appendix191 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Nick Serafy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Colleen McHugh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kent Eastman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Gay Gaddis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Woody L Hunt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Tym Tombar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Justin Yancy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Executive Director/Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt033668
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The Foundation for a Globally Competitive Texas was created by Texas business leaders in 2006 to facilitate the growth of a prosperous Texas in a globally competitive business environment. The purpose of the Foundation is to advise our state and national policymakers on issues critical to Texas' economic growth with timely and fact-based information.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide and coordinate research on public policy issues that affect Texas' global competititveness, including economic development, federal issues, public and higher education, and infrastructure. Communicate those findings and data to the general public, those in public service, and elected and appointed leadership.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010103
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0133748
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TotalRevenueAmt0118250
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0txblc.org/foundation-globally-competitive-texas
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0135100
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0135100
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0130000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt085670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099598
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0741303
IRS990ScheduleA/TotalSupportAmt0741303
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014000
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04250
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt015000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Classification: Program support. Grantee Name: Texas Association of Community Colleges. Grantee Address: 1304 San Antonio Street, Suite 201 Austin, TX 78701. Grantee Relationship: N/A. Date of Gift: 07/07/22. Amount Given: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: Program support. Grantee Name: Texas Higher Education Foundation. Grantee Address: 1801 N. Congress Ave. Suite 12.200 Austin, TX 78701. Grantee Relationship: N/A. Date of Gift: 09/12/22. Amount Given: 5,000. Total included on Form 990-EZ, line 10: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Office expenses. Amount: 2,100. Description: Conferences and meetings. Amount: 10,156. Description: Insurance. Amount: 1,599. Description: Travel. Amount: 19,813. Total to Form 990-EZ, line 16: 33,668.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Yancy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director/Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum05124810525
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundation for a Globally Competitive
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Texas
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0205645189
ReturnHeader/Filer/PhoneNum05124810525
ReturnHeader/Filer/USAddress/AddressLine1Txt0816 Congress Avenue 990
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760269860
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Blazek & Vetterling
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02900 Weslayan Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077027
ReturnHeader/PreparerPersonGrp/PhoneNum07134395739
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barbara Murphy
ReturnHeader/ReturnTs02023-06-12T11:57:56-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Justin
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Yancy
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.00$4.25$6.33$2.64$3.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.56$2.05$2.40$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.18$1.47$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$2.95$2.19$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.43$1.30$1.24$0.06
2019Summary only. Only limited summary data is available for this year.$0.37$0.00$0.86$0.70$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.21$1.00$0.92$0.08
2017Summary only. Only limited summary data is available for this year.$0.13$0.00$0.54$0.57$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.16$0.29$0.77$0.48
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.64$0.25$0.14$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.53$0.30$0.12$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.35$0.20$0.10$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.25$0.91$0.82$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.16$0.24$0.76$0.53
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.69$0.56$0.48$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits