Civic Intelligence

Port Arthur Higher Education Foundation Inc.

990 • Fiscal year 2020 • EIN 23-7272448

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 1446Port Arthur, TX 77641

(409) 984-6114

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.08x

Higher debt load relative to revenue than 26% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

60th percentile

8.9%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$6,789,485

No earlier filing loaded for comparison.

Net Assets

$6,763,999

No earlier filing loaded for comparison.

Liabilities

$25,486

No earlier filing loaded for comparison.

Revenue

$338,085

No earlier filing loaded for comparison.

Expenses

$307,832

No earlier filing loaded for comparison.

Net Income

$30,253

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.

$10M$5.0M$0Assets 2020: $6,789,485Liabilities 2020: $25,486Net Assets 2020: $6,763,9992020Assets 2021: $7,943,777Liabilities 2021: $18,380Net Assets 2021: $7,925,3972021Assets 2022: $7,844,591Liabilities 2022: $15,196Net Assets 2022: $7,829,3952022Assets 2023: $8,042,871Liabilities 2023: $13,688Net Assets 2023: $8,029,1832023Assets 2024: $8,814,197Liabilities 2024: $4,401Net Assets 2024: $8,809,7962024

Highlighted filing

2020

Assets$6,789,485
Liabilities$25,486
Net Assets$6,763,999

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $338,085Expenses 2020: $307,832Net Income 2020: $30,2532020Revenue 2021: $1,250,972Expenses 2021: $437,951Net Income 2021: $813,0212021Revenue 2022: $589,567Expenses 2022: $372,734Net Income 2022: $216,8332022Revenue 2023: $297,755Expenses 2023: $341,106Net Income 2023: -$43,3512023Revenue 2024: $1,276,232Expenses 2024: $349,229Net Income 2024: $927,0032024

Highlighted filing

2020

Revenue$338,085
Expenses$307,832
Net Income$30,253
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$919,530
Mission and Program Overview

Mission

To provide scholarships to students and support lamar state college - port arthur

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,664,606$6,641,336▲ $976,730
Cash and Non-Interest-Bearing Accounts$43,876$93,518▲ $49,642
Land, Buildings, and Equipment, Net$22,987$22,987→ $0
Accounts Receivable$58,994$19,970▼ $39,024
Pledges and Grants Receivable-$10,000-
Prepaid Expenses and Deferred Charges$12,458$1,674▼ $10,784
Total Assets$5,802,921$6,789,485▲ $986,564
Liabilities
Other Liabilities$14,299$14,299→ $0
Accounts Payable and Accrued Expenses$1,384$11,187▲ $9,803
Total Liabilities$15,683$25,486▲ $9,803
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,692,028$5,816,246▲ $124,218
Net Assets Without Donor Restrictions$95,210$947,753▲ $852,543
Total Net Assets Fund Balance$5,787,238$6,763,999▲ $976,761
Total Liabilities and Net Assets / Fund Balance$5,802,921$6,789,485▲ $986,564

Asset Categories

AssetBook ValueDepreciationBasis
Land$22,987--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,064,625$93,171▲ $164,230-$5,231,626
2019$4,324,696$85,178▲ $757,088-$5,064,625
2018$4,610,862$144,631▼ $203,047-$4,324,696
2017$4,266,601$127,253▲ $412,085-$4,610,862
2016$3,883,996$172,687▲ $318,929-$4,266,601
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$188,479
Program Service Revenue
$58,451
Investment Income
$71,648
Other Revenue
$19,507
All Other Contributions
$188,479
Change in Net Assets
$30,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,914
Revenue Not Reported on Financial Statements
$5,171
Revenue Not Reported on Form 990
$122,836
Other Revenue Adjustments
$5,171
Total Revenue per Audited Statements
$455,750
Total Revenue per Form 990
$338,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$258,673
Other Expenses$33,012
Salaries, Compensation, and Employee Benefits$16,147
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$231,667--$231,667
Grants to Domestic Orgs$27,006--$27,006
Fees for Services Accounting-$22,600-$22,600
Other Salaries and Wages-$15,000-$15,000
Insurance-$5,356-$5,356
Travel-$3,458-$3,458
Payroll Taxes-$1,147-$1,147
Office Expenses-$534-$534
Advertising-$490-$490
Other Expenses-$270-$270
Total Functional Expenses$258,673$49,159$0$307,832

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$319,225
Expenses per Audited Statements$307,832
Total Expenses per Form 990$307,832
Expenses Not Reported on Form 990$11,393
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lamar State College - PaPort Arthur, TX-Scholarships$9,753
The Museum of the Gulf CoastPort Arthur, TX-Operations of Museum$9,753
Lamar State College - PaPort Arthur, TX-Special Projects$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,875
Fundraising Direct Expenses$3,368
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$22,875$22,875$3,111$19,764
Total Events$22,875$22,875$3,368$19,507
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Designated Funds$14,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The foundation's president reviews the form 990 before filing. Any other member may review the form 990 upon request.

Form 990, Page 6, Part VI, Line 12C

During the annual meeting, the board members are reminded of their individual duty to report any conflicts of interest to the board annually.

Form 990, Page 6, Part VI, Line 19

Governing documents are not made available to the public

Filing and Contact Details

Filer

Filer Name
Port Arthur Higher Education
EIN
23-7272448
Phone
4099846114
Address
PO BOX 1446, PORT ARTHUR, TX 77641

Signing Officer

Name
Sam Monroe
Title
President
Phone
4099846100
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Monroe
Formed
1973
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
18

Preparer

Firm
MAZUR & VERNON CPA'S
Address
PO BOX 1916, NEDERLAND, TX 77627
Preparer
Joe C Vernon
Phone
4097291234
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Various services during gala and operations during the year

Form 990, Page 2, Part III, Line 4D

Other support provided to lamar state college - port arthur

Form 990, Part XI, Line 9

Transfer from pa college fdn trust 770,578

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are maintained to provide a permanent source of income for scholarships and other donor intended use, with the stipulation that the principal must be invested and kept intact. Only the income generated can be used by the organization to provide these functions.

Schedule D, Page 4, Part XI, Line 2D

Investment fees 7,180 gala expenses 3,368

Schedule D, Page 4, Part XI, Line 4B

TRUST INCOME 5,171

Schedule D, Page 4, Part XII, Line 2D

General and administrative 8,025 fundraising 3,368

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