Civic Intelligence

Mcallen Industrial Foundation Inc

990 • Fiscal year 2017 • EIN 23-7045185

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

Organization ProfileN/A
6401 S 33rd StMcallen, TX 78501

(956) 682-4306

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

100th percentile

94%

Higher net margin than 100% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

46th percentile

4.1%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-20%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,751,376

Up $68,383 (+4.1%) from 2016

Net Assets

Up

$1,746,376

Up $68,383 (+4.1%) from 2016

Liabilities

Flat

$5,000

Flat from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin100th percentile

Revenue

Down

$72,633

Down $18,091 (-20%) from 2016

Expenses

Down

$4,250

Down $1,861 (-30%) from 2016

Net Income

Down

$68,383

Down $16,230 (-19%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,706,080Liabilities 2010: $0Net Assets 2010: $1,706,0802010Assets 2011: $1,676,760Liabilities 2011: $0Net Assets 2011: $1,676,7602011Assets 2012: $1,604,775Liabilities 2012: $0Net Assets 2012: $1,604,7752012Assets 2013: $1,583,783Liabilities 2013: $1Net Assets 2013: $1,583,7822013Assets 2014: $1,574,162Liabilities 2014: $0Net Assets 2014: $1,574,1622014Assets 2015: $1,600,770Liabilities 2015: $7,390Net Assets 2015: $1,593,3802015Assets 2016: $1,682,993Liabilities 2016: $5,000Net Assets 2016: $1,677,9932016Assets 2017: $1,751,376Liabilities 2017: $5,000Net Assets 2017: $1,746,3762017Assets 2018: $1,818,669Liabilities 2018: $7,390Net Assets 2018: $1,811,2792018Assets 2019: $1,886,697Liabilities 2019: $5,000Net Assets 2019: $1,881,6972019Assets 2020: $1,955,277Liabilities 2020: $5,000Net Assets 2020: $1,950,2772020Assets 2021: $2,006,657Liabilities 2021: $5,000Net Assets 2021: $2,001,6572021Assets 2022: $2,068,474Liabilities 2022: $5,000Net Assets 2022: $2,063,4742022Assets 2023: $2,143,204Liabilities 2023: $5,000Net Assets 2023: $2,138,2042023Assets 2024: $2,276,931Liabilities 2024: $5,000Net Assets 2024: $2,271,9312024

Highlighted filing

2017

Assets$1,751,376
Liabilities$5,000
Net Assets$1,746,376
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $6,5132010Expenses 2011: $4,4372011Expenses 2012: $3,0752012Revenue 2013: -$17,340Expenses 2013: $3,653Net Income 2013: -$20,9932013Revenue 2014: $15,953Expenses 2014: $25,573Net Income 2014: -$9,6202014Revenue 2015: $23,317Expenses 2015: $4,099Net Income 2015: $19,2182015Revenue 2016: $90,724Expenses 2016: $6,111Net Income 2016: $84,6132016Revenue 2017: $72,633Expenses 2017: $4,250Net Income 2017: $68,3832017Revenue 2018: $74,803Expenses 2018: $9,900Net Income 2018: $64,9032018Revenue 2019: $78,896Expenses 2019: $8,478Net Income 2019: $70,4182019Revenue 2020: $75,080Expenses 2020: $6,500Net Income 2020: $68,5802020Revenue 2021: $62,562Expenses 2021: $11,182Net Income 2021: $51,3802021Revenue 2022: $69,989Expenses 2022: $2,761Net Income 2022: $67,2282022Revenue 2023: $76,439Expenses 2023: $1,709Net Income 2023: $74,7302023Revenue 2024: $135,636Expenses 2024: $1,909Net Income 2024: $133,7272024

Highlighted filing

2017

Revenue$72,633
Expenses$4,250
Net Income$68,383
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 1, 2018
Return Version
2017v2.3
Gross Receipts
$102,442
Mission and Program Overview

Mission

To benefit the community, economic, commercial, healthcare, educational, technological and industrial development of the rgv and specifically the city of mcallen, texas, and its environs. To promote and assist the growth and development of business, provide financing and/or acquire real property for commercial and industrial subdivision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,100,767$1,206,069▲ $105,302
Cash and Non-Interest-Bearing Accounts$321,169$315,550▼ $5,619
Other Notes and Loans Receivable, Net$225,685$203,560▼ $22,125
Land, Buildings, and Equipment, Net$19,451$19,450▼ $1
Accounts Receivable$14,069$4,986▼ $9,083
Prepaid Expenses and Deferred Charges$912$913▲ $1
Total Assets$1,682,993$1,751,376▲ $68,383
Other Assets Total$940$848▼ $92
Liabilities
Other Liabilities$5,000$5,000→ $0
Total Liabilities$5,000$5,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,677,993$1,746,376▲ $68,383
Total Net Assets Fund Balance$1,677,993$1,746,376▲ $68,383
Total Liabilities and Net Assets / Fund Balance$1,682,993$1,751,376▲ $68,383

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$707,307-
Land$19,450--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Ernie WilliamsPresident
Raymond JenkinsVice President
Michael SchrockDirector
Paul MoffitDirector
Ricky LongoriaDirector
Joyce DeanAssistant S & T
Keith PatridgeSecretary Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,931
Other Revenue
$58,702
Change in Net Assets
$68,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$72,633
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$29,809
Total Revenue per Audited Statements
$102,442
Total Revenue per Form 990
$72,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,200-$4,200
Office Expenses-$50-$50
Total Functional Expenses$0$4,250$0$4,250

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$34,059
Expenses Not Reported on Form 990$29,809
Expenses per Audited Statements$4,250
Total Expenses per Form 990$4,250
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposit$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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

“Line 11b explanation - the chairman and the assistant secretary treasurer have been authorized to review and sign the 990 without further board review.”

Form 990, Part VI, Section C, Line 19

“Due to the designated purpose and limited use, the above mentioned policies were not deemed necessary by the organization and were not in place at year end.”

Filing and Contact Details

Filer

Filer Name
Mcallen Industrial Foundation Inc
EIN
23-7045185
Phone
9566824306
Address
6401 S 33RD ST, MCALLEN, TX 78501

Signing Officer

Name
Jamie Sepulveda
Title
Assistant S & T
Phone
9566824306
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernie Williams
Formed
1969
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
4100 N 23RD STREET, MCALLEN, TX 78504
Preparer
Ruben Moreno
Phone
9566863701
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT REVENUES NETTED”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT EXPENSES”

Raw XML Appendix314 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENT REVENUES NETTED
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - THE CHAIRMAN AND THE ASSISTANT SECRETARY TREASURER HAVE BEEN AUTHORIZED TO REVIEW AND SIGN THE 990 WITHOUT FURTHER BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE TO THE DESIGNATED PURPOSE AND LIMITED USE, THE ABOVE MENTIONED POLICIES WERE NOT DEEMED NECESSARY BY THE ORGANIZATION AND WERE NOT IN PLACE AT YEAR END.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt01677993
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01746376
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01528 DOVE
IRS990/USAddress/CityNm0MCALLEN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078504
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMIE SEPULVEDA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASSISTANT S & T
ReturnHeader/BusinessOfficerGrp/PhoneNum09566824306
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCALLEN INDUSTRIAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MCAL
ReturnHeader/Filer/EIN0237045185
ReturnHeader/Filer/PhoneNum09566824306
ReturnHeader/Filer/USAddress/AddressLine1Txt06401 S 33RD ST
ReturnHeader/Filer/USAddress/CityNm0MCALLEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078501
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07EE33EDAD0F376FA586FC97881BE63164FA74737
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.6.238.187
ReturnHeader/FilingSecurityInformation/IPDt02018-08-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:42:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04100 N 23RD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078504
ReturnHeader/PreparerPersonGrp/PhoneNum09566863701
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUBEN MORENO
ReturnHeader/ReturnTs02018-08-07T09:19:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,751,376
Liabilities
$5,000
Net assets
$1,746,376
Revenue
$72,633
Expenses
$4,250
Net income
$68,383
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.01$2.27$0.14$0.00$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.14$0.01$2.14$0.08$0.00$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.07$0.01$2.06$0.07$0.00$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.00$0.06$0.01$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.95$0.08$0.01$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.89$0.01$1.88$0.08$0.01$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.01$1.81$0.07$0.01$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.75$0.01$1.75$0.07$0.00$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.68$0.09$0.01$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.01$1.59$0.02$0.00$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.02$0.03$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.02$0.00$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.00$1.60$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.00$1.68$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.01