Civic Intelligence

Foundation for a Globally Competitive Texas

990 • Fiscal year 2023 • EIN 20-5645189

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 30, 2024

Organization Profiletxblc.org/foundation-globally-competitive-texas
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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

22nd percentile

-17%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$275,008

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 133.9% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

14th percentile

-38%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

74%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$55,510

Down $34,284 (-38%) from 2022

Net Assets

Down

$55,510

Down $34,284 (-38%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin22nd percentile

Revenue

Up

$205,381

Up $87,131 (+74%) from 2022

Expenses

Up

$239,665

Up $92,258 (+63%) from 2022

Net Income

Down

-$34,284

Down $5,127 (-18%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

2023

Assets$55,510
Liabilities$0
Net Assets$55,510
Open 2023 Filing

Operations Trend

Revenue Growth86th percentile

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

2023

Revenue$205,381
Expenses$239,665
Net Income-$34,284
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 30, 2024
Return Version
2023v5.1
Gross Receipts
$210,000
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 advises state and national policy makers on issues critical to Texas' economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$89,794$55,510▼ $34,284
Total Assets$89,794$55,510▼ $34,284
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,794$55,510▼ $34,284
Total Net Assets Fund Balance$89,794$55,510▼ $34,284
Total Liabilities and Net Assets / Fund Balance$89,794$55,510▼ $34,284
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Nick SerafyChairman
Gay GaddisDirector
Kyndel BennettDirector
Reba Cardenas McNairDirector
Tym TombarDirector
Justin YancyExecutive Dir/Secretary
Colleen McHughTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Texas Business Lead CouncilConsulting services816 Congress Avenue Ste 990, Austin, TX 78701$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$208,536
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-3,155
All Other Contributions
$195,000
Change in Net Assets
$-34,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,649
Grants and Similar Amounts Paid$23,016
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$160,574$500-$161,074
Occupancy$20,128$6,709-$26,837
Grants to Domestic Orgs$23,016--$23,016
Travel$16,929--$16,929
Office Expenses-$6,652-$6,652
Fees for Services Accounting-$1,800-$1,800
Conferences and Meetings$1,729--$1,729
Insurance$1,221$407-$1,628
Total Functional Expenses$223,597$16,068$0$239,665
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
State Business ExecutivesSpringfield, VA501(c)(4)Employer surveys$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,619
Fundraising Gross Income$1,464
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
RWW Award$15,000$1,464$4,619$-3,155
Total Events$15,000$1,464$4,619$-3,155
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 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“A copy of the Form 990 is provided to the Board prior to filing with the IRS.”

Form 990, Part VI, Section C, line 19

“Upon request.”

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
2024-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Yancy
Formed
2006
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
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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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IRS990ScheduleI/RecipientTable/RecipientEIN0854035633
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05404 Backlick Woods Ct
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation works closely with leaders from the grantee organizations to leverage capacity and scale the distribution of information and convenings. The Foundation regularly reviews the grantees' shared or independent publications and plans.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt040000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0235008
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Justin Yancy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir/Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0275008
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Justin Yancy is paid by the Texas Business Leadership Council.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Compensation from Related Organization
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is provided to the Board prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Texas Business Leadership Council
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752580060
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public policy research
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0816 Congress Ave Ste 990
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Austin
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt089794
IRS990/TotalAssetsEOYAmt055510
IRS990/TotalAssetsGrp/BOYAmt089794
IRS990/TotalAssetsGrp/EOYAmt055510
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0208536
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016068
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0223597
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239665
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt055510
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0223597
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-3155
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0205381
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt089794
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt055510
IRS990/TotReportableCompRltdOrgAmt0275008
IRS990/TravelGrp/ProgramServicesAmt016929
IRS990/TravelGrp/TotalAmt016929
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0816 Congress Avenue 990
IRS990/USAddress/CityNm0Austin
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078701
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0txblc.org/foundation-globally-competitive-texas
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Yancy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director/Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum05124810525
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundation for a Globally Competitive
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Texas
ReturnHeader/Filer/BusinessNameControlTxt0FOUN

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,510
Liabilities
$0
Net assets
$55,510
Revenue
$205,381
Expenses
$239,665
Net income
-$34,284
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
2023Detailed filing. Detailed filing data is available for this year.$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