Civic Intelligence

University of Houston College of Business Foundation

990 • Fiscal year 2014 • EIN 23-7281200

Sep 01, 2013 to Aug 31, 2014 • Filed on Apr 15, 2015

334 Melcher HallSuite77204-6021

(713) 743-4633

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

9th percentile

0.02x

Higher debt load relative to revenue than 9% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

86th percentile

20%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$24,845,896

Up $4,195,044 (+20%) from 2013

Net Assets

Up

$24,807,320

Up $4,210,351 (+20%) from 2013

Liabilities

Down

$38,576

Down $15,307 (-28%) from 2013

Revenue

$2,522,865

No earlier filing loaded for comparison.

Expenses

Up

$1,461,174

Up $28,196 (+2.0%) from 2013

Net Income

$1,061,691

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.

$150M$100M$50M$0Assets 2011: $17,113,839Liabilities 2011: $47,249Net Assets 2011: $17,066,5902011Assets 2012: $18,654,946Liabilities 2012: $16,621Net Assets 2012: $18,638,3252012Assets 2013: $20,650,852Liabilities 2013: $53,883Net Assets 2013: $20,596,9692013Assets 2014: $24,845,896Liabilities 2014: $38,576Net Assets 2014: $24,807,3202014Assets 2015: $25,094,816Liabilities 2015: $901Net Assets 2015: $25,093,9152015Assets 2016: $33,191,261Liabilities 2016: $120,901Net Assets 2016: $33,070,3602016Assets 2017: $37,053,273Liabilities 2017: $60,901Net Assets 2017: $36,992,3722017Assets 2018: $39,199,311Liabilities 2018: $166,318Net Assets 2018: $39,032,9932018Assets 2019: $38,142,932Liabilities 2019: $191,699Net Assets 2019: $37,951,2332019Assets 2020: $55,085,524Liabilities 2020: $136,657Net Assets 2020: $54,948,8672020Assets 2021: $64,577,199Liabilities 2021: $218,115Net Assets 2021: $64,359,0842021Assets 2022: $59,862,087Liabilities 2022: $87,899Net Assets 2022: $59,774,1882022Assets 2023: $85,235,601Liabilities 2023: $35,695Net Assets 2023: $85,199,9062023Assets 2024: $109,677,260Liabilities 2024: $117,704Net Assets 2024: $109,559,5562024

Highlighted filing

2014

Assets$24,845,896
Liabilities$38,576
Net Assets$24,807,320

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $1,696,0592011Expenses 2012: $1,996,3502012Expenses 2013: $1,432,9782013Revenue 2014: $2,522,865Expenses 2014: $1,461,174Net Income 2014: $1,061,6912014Revenue 2015: $3,654,336Expenses 2015: $2,699,622Net Income 2015: $954,7142015Revenue 2016: $9,800,678Expenses 2016: $3,738,213Net Income 2016: $6,062,4652016Revenue 2017: $6,640,205Expenses 2017: $4,939,991Net Income 2017: $1,700,2142017Revenue 2018: $4,714,250Expenses 2018: $5,601,135Net Income 2018: -$886,8852018Revenue 2019: $4,801,868Expenses 2019: $5,609,998Net Income 2019: -$808,1302019Revenue 2020: $19,555,793Expenses 2020: $4,601,893Net Income 2020: $14,953,9002020Revenue 2021: $7,673,851Expenses 2021: $6,289,226Net Income 2021: $1,384,6252021Revenue 2022: $9,166,081Expenses 2022: $3,966,444Net Income 2022: $5,199,6372022Revenue 2023: $25,989,141Expenses 2023: $4,154,723Net Income 2023: $21,834,4182023Revenue 2024: $16,852,542Expenses 2024: $2,663,244Net Income 2024: $14,189,2982024

Highlighted filing

2014

Revenue$2,522,865
Expenses$1,461,174
Net Income$1,061,691
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Apr 15, 2015
Return Version
2013v4.0
Gross Receipts
$7,557,757
Mission and Program Overview

Mission

To Solicit, Receive, Or Acquire Real Or Personal Property, And To Administer Such Property With The Primary Objective Of Improving The Educational Quality Provided By The U Of H, C. T. Bauer College Of Business.

To solicit, receive, or acquire real or personal property, & to administer such property with the primary objective of improving the educational quality provided by col of bus

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,958,374$24,087,216▲ $4,128,842
Cash and Non-Interest-Bearing Accounts$349,674$504,121▲ $154,447
Savings and Temporary Cash Investments$342,804$254,559▼ $88,245
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$20,650,852$24,845,896▲ $4,195,044
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$53,883$38,576▼ $15,307
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$53,883$38,576▼ $15,307
Net Assets / Fund Balance
Temporarily Rstr Net Assets$18,319,366$22,117,696▲ $3,798,330
Unrestricted Net Assets$2,277,603$2,689,624▲ $412,021
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$20,596,969$24,807,320▲ $4,210,351
Total Liabilities and Net Assets / Fund Balance$20,650,852$24,845,896▲ $4,195,044

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$16,676,467$811,730▲ $2,696,378-$19,984,947
2012$14,174,112$533,297▲ $2,207,171$76,471$16,676,467
2011$13,041,747$162,855▲ $1,136,983-$14,174,112
2010$10,919,537$1,144,175▲ $1,112,063-$13,041,747
2009$10,379,311$83,761▲ $538,607-$10,919,537
Compensation and Service Providers

Board Members and Trustees

NameTitle
R Charles Kuriger IvChairman/president
Judy BozemanVice President
Beth MadisonBoard Member
Cyril TheccanatBoard Member
Dennis AkromisBoard Member
Edgardo E ColonBoard Member
Leonard RothBoard Member
Melvyn WolffBoard Member
Roger DickeyBoard Member
John KingSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,676,796
Program Service Revenue
$362,786
Investment Income
$505,346
Other Revenue
$-22,063
All Other Contributions
$1,333,350
Change in Net Assets
$1,061,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,715,718
Revenue Not Reported on Financial Statements
$-192,853
Revenue Not Reported on Form 990
$3,564,357
Other Revenue Adjustments
$-192,853
Total Revenue per Audited Statements
$6,280,075
Total Revenue per Form 990
$2,522,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$906,149
Grants and Similar Amounts Paid$491,947
Salaries, Compensation, and Employee Benefits$63,078
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$491,947--$491,947
Fees for Services Other$164,342$4,058-$168,400
Advertising$110,343--$110,343
Other Expenses$103,704$781-$104,485
Travel$102,109--$102,109
Other Salaries and Wages-$52,000-$52,000
Fees for Services Accounting-$25,700-$25,700
Fees for Services Legal$17,940--$17,940
Other Employee Benefits-$7,100-$7,100
Payroll Taxes-$3,978-$3,978
Conferences and Meetings-$2,009-$2,009
Insurance-$722-$722
Total Functional Expenses$1,364,826$96,348$0$1,461,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,069,724
Expenses per Audited Statements$1,876,871
Total Expenses per Form 990$1,461,174
Expenses Not Reported on Form 990$192,853
Expenses Not Reported on Financial Statements$-415,697
Other Expense Adjustments$-415,697
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
74-6001399-501(c)(3)Charitable$491,947
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$192,854
Fundraising Gross Income$170,789
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$278,569$105,299$36,945$68,354
Event 2$114,814$9,628$874$8,754
Total Events$514,235$170,789$192,854$-22,065
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

DESCRIBE THE PROCESS TO REVIEW FORM 990 The organization engages an outside accounting firm to prepare form 990. Once prepared, the form is reviewed by the organization's internal accountants and board members prior to filing.

Form 990, Part VI, Section B, Line 15A

Describe process for determining compensation Employee compensation is reviewed by the board at the annual meeting. Any compensation changes are compared to the University of Houston standards. Officers are not compensated.

Form 990, Part VI, Section B, Line 15B

Describe process for determining compensation Employee compensation is reviewed by the board at the annual meeting. Any compensation changes are compared to the University of Houston Standards. officers are not compensated.

Part VI, Question 19

Describe how documents are made available to the public The organization's governing documents, conflict of interest policy, and financial statements are all available at the Foundation's Office.

Part VI, Question 12C

Describe the process for monitoring and enforcing compliance with policy Officers, directors, and key employees complete a questionnaire each year that inquires about conflicts of interest. Any conflicts that arise during the year are reviewed by the board on a case by case basis.

Filing and Contact Details

Filer

EIN
23-7281200
In Care Of
% ARACELY VILLALPANDO
Phone
7137434633

Signing Officer

Name
Richard Charles Kuriger Iv
Title
Chairman/president
Phone
7134994600
Signed
2015-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Charles Kuriger Iv
Formed
1972
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
9

Preparer

Preparer
M P Gerich
Phone
7134994600
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:investment services total fees:126509

Form 990 Part IX Line 11G

Description:accounting and tax total fees:700

Form 990 Part IX Line 11G

Description:finance services total fees:2456

Form 990 Part IX Line 11G

Description:education services total fees:34677

Form 990 Part IX Line 11G

Description:general services total fees:4058

Financial Statement Notes

Reconciliation of Audited Financials to Form 990

Schedule d, part xi, line 2d contribution transfers $ 415,697

Reconciliation of Audited Financials to Form 990

Schedule d, part xi, line 4b fundraising expenses in revenue $ (192,853)

Reconciliation of Audited Financials to Form 990

Schedule d, part xii, line 2d fundraising expenses in revenue $ 192,853

Reconciliation of Audited Financials to Form 990

Schedule d, part xii, line 4b contribution transfers $ (415,697)

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICHARD CHARLES KURIGER IV
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11000
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IRS990/PYInvestmentIncomeAmt0520534
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IRS990/PYSalariesCompEmpBnftPaidAmt063928
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IRS990/PYTotalRevenueAmt01876301
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01061691
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IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0362786
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0342804
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IRS990ScheduleA/ContributionFamilyInd0false
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SUPPORT SCHEDULE FOR ORGANIZATIONS
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01041949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01339207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02267002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0865984
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01960839
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07198058
IRS990ScheduleA/TotalSupportAmt09977438
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt019984947
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt085689
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02696378
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0533297
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt016676467
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt075104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02207171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt076471
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt052043
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt013041747
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0162855

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$110$0.12$110$16.9$2.66$14.2
2023Detailed filing. Detailed filing data is available for this year.$85.2$0.04$85.2$26.0$4.15$21.8
2022Detailed filing. Detailed filing data is available for this year.$59.9$0.09$59.8$9.17$3.97$5.20
2021Detailed filing. Detailed filing data is available for this year.$64.6$0.22$64.4$7.67$6.29$1.38
2020Detailed filing. Detailed filing data is available for this year.$55.1$0.14$54.9$19.6$4.60$15.0
2019Detailed filing. Detailed filing data is available for this year.$38.1$0.19$38.0$4.80$5.61$0.81
2018Detailed filing. Detailed filing data is available for this year.$39.2$0.17$39.0$4.71$5.60$0.89
2017Detailed filing. Detailed filing data is available for this year.$37.1$0.06$37.0$6.64$4.94$1.70
2016Detailed filing. Detailed filing data is available for this year.$33.2$0.12$33.1$9.80$3.74$6.06
2015Detailed filing. Detailed filing data is available for this year.$25.1$0.00$25.1$3.65$2.70$0.95
2014Detailed filing. Detailed filing data is available for this year.$24.8$0.04$24.8$2.52$1.46$1.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$0.05$20.6$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.02$18.6$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$0.05$17.1$1.70