Civic Intelligence

The Gvtc Foundation Inc

990 • Fiscal year 2017 • EIN 20-5731821

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

36101 Fm 3159New Braunfels, TX 78132

(830) 885-8267

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

24%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,364,690

Up $275,484 (+25%) from 2016

Net Assets

Up

$1,274,899

Up $344,241 (+37%) from 2016

Liabilities

Down

$89,791

Down $68,757 (-43%) from 2016

Revenue

Up

$796,300

Up $152,570 (+24%) from 2016

Expenses

Up

$495,714

Up $98,105 (+25%) from 2016

Net Income

Up

$300,586

Up $54,465 (+22%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $137,039Liabilities 2010: $7,500Net Assets 2010: $129,5392010Assets 2011: $241,578Liabilities 2011: $0Net Assets 2011: $241,5782011Assets 2012: $362,217Liabilities 2012: $0Net Assets 2012: $362,2172012Assets 2013: $466,356Liabilities 2013: $0Net Assets 2013: $466,3562013Assets 2014: $635,028Liabilities 2014: $39,991Net Assets 2014: $595,0372014Assets 2015: $743,946Liabilities 2015: $64,171Net Assets 2015: $679,7752015Assets 2016: $1,089,206Liabilities 2016: $158,548Net Assets 2016: $930,6582016Assets 2017: $1,364,690Liabilities 2017: $89,791Net Assets 2017: $1,274,8992017Assets 2018: $1,568,930Liabilities 2018: $158,274Net Assets 2018: $1,410,6562018Assets 2019: $1,945,539Liabilities 2019: $204,762Net Assets 2019: $1,740,7772019Assets 2020: $2,153,077Liabilities 2020: $108,335Net Assets 2020: $2,044,7422020Assets 2021: $2,417,503Liabilities 2021: $77,577Net Assets 2021: $2,339,9262021Assets 2022: $2,386,666Liabilities 2022: $80,464Net Assets 2022: $2,306,2022022Assets 2023: $2,801,522Liabilities 2023: $75,506Net Assets 2023: $2,726,0162023Assets 2024: $3,647,503Liabilities 2024: $296,399Net Assets 2024: $3,351,1042024

Highlighted filing

2017

Assets$1,364,690
Liabilities$89,791
Net Assets$1,274,899

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $208,6312010Expenses 2011: $278,3702011Expenses 2012: $240,5482012Revenue 2013: $348,721Expenses 2013: $267,632Net Income 2013: $81,0892013Revenue 2014: $470,717Expenses 2014: $342,496Net Income 2014: $128,2212014Revenue 2015: $494,245Expenses 2015: $373,322Net Income 2015: $120,9232015Revenue 2016: $643,730Expenses 2016: $397,609Net Income 2016: $246,1212016Revenue 2017: $796,300Expenses 2017: $495,714Net Income 2017: $300,5862017Revenue 2018: $828,198Expenses 2018: $531,787Net Income 2018: $296,4112018Revenue 2019: $768,837Expenses 2019: $595,004Net Income 2019: $173,8332019Revenue 2020: $728,467Expenses 2020: $609,253Net Income 2020: $119,2142020Revenue 2021: $729,679Expenses 2021: $511,776Net Income 2021: $217,9032021Revenue 2022: $1,088,059Expenses 2022: $659,372Net Income 2022: $428,6872022Revenue 2023: $731,013Expenses 2023: $585,462Net Income 2023: $145,5512023Revenue 2024: $1,127,402Expenses 2024: $588,513Net Income 2024: $538,8892024

Highlighted filing

2017

Revenue$796,300
Expenses$495,714
Net Income$300,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.2
Gross Receipts
$943,608
Mission and Program Overview

Mission

To empower local communities by generating and distributing funds to enrich, maintain, and expand programs needed to support charitable activities, non-profit organizations and educational pursuits.

Our mission is to profoundly enhance the quality of life in the communities we serve, through charitable contributions and volunteer service in support of our program goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$633,168$1,008,765▲ $375,597
Cash and Non-Interest-Bearing Accounts$222,930$171,017▼ $51,913
Accounts Receivable$200,818$163,325▼ $37,493
Prepaid Expenses and Deferred Charges$29,730$21,174▼ $8,556
Savings and Temporary Cash Investments$2,560$409▼ $2,151
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,089,206$1,364,690▲ $275,484
Other Assets Total-$0-
Liabilities
Deferred Revenue$104,550$58,839▼ $45,711
Grants Payable$44,419$30,847▼ $13,572
Accounts Payable and Accrued Expenses$9,579$105▼ $9,474
Total Liabilities$158,548$89,791▼ $68,757
Net Assets / Fund Balance
Unrestricted Net Assets$930,658$1,274,899▲ $344,241
Total Net Assets Fund Balance$930,658$1,274,899▲ $344,241
Total Liabilities and Net Assets / Fund Balance$1,089,206$1,364,690▲ $275,484
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paula WhitePresident
Sonia AguillonVice President
Bruce ForeyBoard Member
Chris CooleyBoard Member
James PattersonBoard Member
Rachelle PowellBoard Member
Rick CheshierBoard Member
Darlyn BrownSecretary
Jeanie HakeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$846,317
Program Service Revenue
$0
Investment Income
$97,013
Other Revenue
$-147,030
All Other Contributions
$503,535
Change in Net Assets
$300,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$477,884
Other Expenses$17,830
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$437,884--$437,884
Grants to Domestic Individuals$40,000--$40,000
Advertising$4,772--$4,772
Fees for Services Management-$2,000-$2,000
Fees for Services Accounting-$1,475-$1,475
Insurance-$1,475-$1,475
Office Expenses$822$352-$1,174
Other Expenses$5,499$821-$821
Conferences and Meetings-$614-$614
Total Functional Expenses$488,977$6,737$0$495,714
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Braunfels Food BankNew Braunfels, TX501(c)3Program Support - Food Bank$100,000
boerne education foundationboerne, TX501(c)3program support - education$25,000
hill country family servicesboerne, TX501(c)3program support - family srvs$14,200
Family Promise of Greater NewNew Braunfels, TX501(c)3program support - family srvs$13,175
CASA of Central Texas IncNew Braunfels, TX501(c)3program support - child services$10,900
hill country daily breadboerne, TX501(c)3program support - food bank$10,335
Operation Blessing InternatioVirginia Beach, VA501(c)3program support - general$10,080
Crisis Center of Comal CountyNew Braunfels, TX501(c)3program support - family srvs$10,000
Gonzales Healthcare SystemsGonzales, TX501(c)3program support - healthcare srvs$9,500
Communities in SchoolNew Braunfels, TX501(c)3ROCK N' ROLL FOR KIDS SPONSOR$8,122
Bulverde Senior CenterBulverde, TX501(c)3program support - senior living$7,500
Bulverde Spring Branch FireSpring Branch, TX501(c)3program support - Fire Dept$7,500
Gonzales Noon Lions Club FounGonzales, TX501(c)3program support - GNLC Splash Pad$7,500
Hill Country Pregnancy CareBoerne, TX501(c)3program support - family services$7,500
triple h equitherapy centerpipe creek, TX501(c)3PROGRAM SUPPORT - general operation$7,500
Rainbow Senior Center at KronBoerne, TX501(c)3program support - general$6,500
any baby can of san antoniosan antonio, TX501(c)3program support - banquet sponsor$6,500
Acacia Medical MissionSpring Branch, TX501(c)3program support - healthcare srvs$5,500
American Cancer SocietyAtlanta, GA501(c)3program support - cancer research$5,500
New Braunfels Area CommunityNew Braunfels, TX501(c)3program support - general$5,500
Comal County Junior LivestockNew Braunfels, TX501(c)3program support - education$5,226
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$147,308
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$342,782-$82,092-
Total Events$342,782-$147,308$-147,308
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 will be reviewed by the Board Treasurer and then presented to the entire GVTC Foundation Governing Board before filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

No member of the Board shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a situation presents itself, the director must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until discussion is over on the matter involved. The President of the meeting is expected to make inquiry if such conflict appears to exist and the board member has not made it known. A note of this action must be made in the minutes of the meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Foundations Governing Documents, Conflict of Interest Policy and Financial Statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The GVTC Foundation Inc
EIN
20-5731821
Phone
8308858267
Address
36101 FM 3159, New Braunfels, TX 78132

Signing Officer

Name
Jeanie Hake
Title
Treasurer
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanie Hake
Formed
2006
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
115

Preparer

Firm
Curtis Blakely & Co Pc
Address
PO BOX 5486, LONGVIEW, TX 75608-5486
Preparer
Kathy Jackson CPA
Phone
9037580734
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IRS990/OfficeExpensesGrp/TotalAmt01174
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IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
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IRS990/PrincipalOfficerNm0Jeanie Hake
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0147308
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0342782
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IRS990ScheduleI/RecipientTable/CashGrantAmt15500
IRS990ScheduleI/RecipientTable/CashGrantAmt26500
IRS990ScheduleI/RecipientTable/CashGrantAmt325000
IRS990ScheduleI/RecipientTable/CashGrantAmt47500
IRS990ScheduleI/RecipientTable/CashGrantAmt57500
IRS990ScheduleI/RecipientTable/CashGrantAmt610900
IRS990ScheduleI/RecipientTable/CashGrantAmt75226
IRS990ScheduleI/RecipientTable/CashGrantAmt88122
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt1013175
IRS990ScheduleI/RecipientTable/CashGrantAmt119500
IRS990ScheduleI/RecipientTable/CashGrantAmt127500
IRS990ScheduleI/RecipientTable/CashGrantAmt1310335
IRS990ScheduleI/RecipientTable/CashGrantAmt1414200
IRS990ScheduleI/RecipientTable/CashGrantAmt157500
IRS990ScheduleI/RecipientTable/CashGrantAmt165500
IRS990ScheduleI/RecipientTable/CashGrantAmt17100000
IRS990ScheduleI/RecipientTable/CashGrantAmt1810080
IRS990ScheduleI/RecipientTable/CashGrantAmt196500
IRS990ScheduleI/RecipientTable/CashGrantAmt207500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc14501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc15501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc16501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc17501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc18501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc19501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc20501(c)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.65$0.30$3.35$1.13$0.59$0.54
2023Detailed filing. Detailed filing data is available for this year.$2.80$0.08$2.73$0.73$0.59$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.39$0.08$2.31$1.09$0.66$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.42$0.08$2.34$0.73$0.51$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.11$2.04$0.73$0.61$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.95$0.20$1.74$0.77$0.60$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.57$0.16$1.41$0.83$0.53$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.09$1.27$0.80$0.50$0.30
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.16$0.93$0.64$0.40$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.06$0.68$0.49$0.37$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.04$0.60$0.47$0.34$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.35$0.27$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.01$0.13$0.21