Civic Intelligence

Trinity Valley Community College Foundation

990 • Fiscal year 2016 • EIN 23-7365212

Sep 01, 2015 to Aug 31, 2016 • Filed on May 25, 2017

100 Cardinal DriveAthens, TX 75751

(903) 675-6304

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$118,500

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 50.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

59th percentile

3.8%

Faster asset growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.6%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,061,923

Up $149,179 (+3.8%) from 2015

Net Assets

Up

$4,061,522

Up $155,753 (+4.0%) from 2015

Liabilities

Down

$401

Down $6,574 (-94%) from 2015

Revenue

Up

$236,211

Up $3,656 (+1.6%) from 2015

Expenses

Down

$96,103

Down $15,706 (-14%) from 2015

Net Income

Up

$140,108

Up $19,362 (+16%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $3,426,277Liabilities 2012: $6Net Assets 2012: $3,426,2712012Assets 2013: $3,693,863Liabilities 2013: $388Net Assets 2013: $3,693,4752013Assets 2014: $4,002,355Liabilities 2014: $0Net Assets 2014: $4,002,3552014Assets 2015: $3,912,744Liabilities 2015: $6,975Net Assets 2015: $3,905,7692015Assets 2016: $4,061,923Liabilities 2016: $401Net Assets 2016: $4,061,5222016Assets 2017: $4,331,194Liabilities 2017: $808Net Assets 2017: $4,330,3862017Assets 2018: $5,394,409Liabilities 2018: $19,646Net Assets 2018: $5,374,7632018Assets 2019: $7,436,693Liabilities 2019: $2,000Net Assets 2019: $7,434,6932019Assets 2020: $8,038,968Liabilities 2020: $438,488Net Assets 2020: $7,600,4802020Assets 2021: $8,488,329Liabilities 2021: $340,200Net Assets 2021: $8,148,1292021Assets 2022: $7,938,799Liabilities 2022: $293,814Net Assets 2022: $7,644,9852022Assets 2023: $9,367,504Liabilities 2023: $296,717Net Assets 2023: $9,070,7872023Assets 2024: $11,846,306Liabilities 2024: $322,325Net Assets 2024: $11,523,9812024

Highlighted filing

2016

Assets$4,061,923
Liabilities$401
Net Assets$4,061,522

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $130,9882012Expenses 2013: $103,0672013Revenue 2014: $206,716Expenses 2014: $115,448Net Income 2014: $91,2682014Revenue 2015: $232,555Expenses 2015: $111,809Net Income 2015: $120,7462015Revenue 2016: $236,211Expenses 2016: $96,103Net Income 2016: $140,1082016Revenue 2017: $239,907Expenses 2017: $127,797Net Income 2017: $112,1102017Revenue 2018: $1,642,522Expenses 2018: $677,102Net Income 2018: $965,4202018Revenue 2019: $2,995,922Expenses 2019: $759,436Net Income 2019: $2,236,4862019Revenue 2020: $652,095Expenses 2020: $539,236Net Income 2020: $112,8592020Revenue 2021: $678,577Expenses 2021: $798,469Net Income 2021: -$119,8922021Revenue 2022: $1,047,215Expenses 2022: $823,304Net Income 2022: $223,9112022Revenue 2023: $1,834,785Expenses 2023: $671,994Net Income 2023: $1,162,7912023Revenue 2024: $2,639,157Expenses 2024: $701,941Net Income 2024: $1,937,2162024

Highlighted filing

2016

Revenue$236,211
Expenses$96,103
Net Income$140,108
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
May 25, 2017
Return Version
2015v3.0
Gross Receipts
$242,361
Mission and Program Overview

Mission

Trinity valley community college foundation's overall goal is to stengthen scholarship endowment funds in attempts to provide some type of scholarship for every deserving student who desires an education at trinity valley community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,903,148$4,058,901▲ $155,753
Investments in Publicly Traded Securities$3,559,493$3,455,753▼ $103,740
Savings and Temporary Cash Investments$350,130$599,845▲ $249,715
Accounts Receivable$500$3,704▲ $3,204
Land, Buildings, and Equipment, Net$2,621$2,621→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$2,621$2,621→ $0
Total Assets$3,912,744$4,061,923▲ $149,179
Liabilities
Accounts Payable and Accrued Expenses$6,975$401▼ $6,574
Total Liabilities$6,975$401▼ $6,574
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,905,769$4,061,522▲ $155,753
Total Liabilities and Net Assets / Fund Balance$3,912,744$4,061,923▲ $149,179

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,621$23,593$26,214

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,489,004$79,181▲ $86,286-$3,609,901
2014$3,368,838$92,659▲ $87,068-$3,489,004
2013$3,289,110$53,302▲ $76,974-$3,368,838
2012$3,143,681$92,749▲ $109,816-$3,289,110
2011$3,071,465$73,105▲ $66,849-$3,143,681
Compensation and Service Providers

Employees

NameTitleOtherTotal
Glendon ForgeyDirector$118,500$118,500
Jean McspaddenTreasurer$103,549$103,549
Mary NicholsonSecretary$87,641$87,641
Kristin BennettSecretary$8,872$8,872

Board Members and Trustees

NameTitle
Steve GrantChairman
Tony KalaweVice Chairma
Blake DanielsDirector
Dr Jerry KingDirector
Jeaneane LilyDirector
Jeremiah DiamondDirector
Jess LairdDirector
Jim PittsDirector
Mike PeekDirector
Pam BurtonDirector
Paul BensonDirector
Ray RaymondDirector
Will TraxonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$126,215
Program Service Revenue
$0
Investment Income
$108,046
Other Revenue
$1,950
All Other Contributions
$123,895
Change in Net Assets
$140,108

Audited Revenue Reconciliation

Revenue per Audited Statements
$236,211
Revenue Not Reported on Form 990
$15,645
Total Revenue per Audited Statements
$251,856
Total Revenue per Form 990
$236,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$64,191
Other Expenses$27,580
Professional Fundraising Fees$4,332
Total Fundraising Expense$4,332
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$62,991--$62,991
Fees for Service Investment Mgmnt Fees-$21,319-$21,319
Fees for Services Professional Fundraising--$4,332$4,332
Fees for Services Legal-$3,174-$3,174
Fees for Services Other-$1,987-$1,987
Grants to Domestic Orgs$1,200--$1,200
Fees for Services Accounting-$1,100-$1,100
Total Functional Expenses$64,191$27,580$4,332$96,103

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$96,103
Total Expenses per Audited Statements$96,103
Total Expenses per Form 990$96,103
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,100
Fundraising Direct Expenses$6,150
Professional Fundraising Fees$4,332
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
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

The form 990 is first and foremost reviewed by jean mcspadden, treasurer, board member, vice president of administrative services and cfo. Supplemental reviews are conducted by the vice president of institutional advancement of trinity valley community college.

Form 990, Page 6, Part VI, Line 19

All governing documents are available to the public by request.

Filing and Contact Details

Filer

Filer Name
Trinity Valley Community College
EIN
23-7365212
Phone
9036756304
Address
100 CARDINAL DRIVE, ATHENS, TX 75751

Signing Officer

Name
Jean Mcspadden
Title
Treasurer
Phone
9036756304
Signed
2017-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grant
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
Holdredge Shaddox & Habibelahian Llp
Address
911 S PALESTINE ST, ATHENS, TX 75751
Preparer
Kevin Habibelahian CPA
Phone
9036755645
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Trinity valley community college foundation's overall goal is to stengthen scholarship endowment funds in attempts to provide some type of scholarship for every deserving student who desires an education at trinity valley community college.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds ae intended to be used for scholarships and other educational purposes.

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IRS990/MissionDesc0TRINITY VALLEY COMMUNITY COLLEGE FOUNDATION'S OVERALL GOAL IS TO STENGTHEN SCHOLARSHIP ENDOWMENT FUNDS IN ATTEMPTS TO PROVIDE SOME TYPE OF SCHOLARSHIP FOR EVERY DESERVING STUDENT WHO DESIRES AN EDUCATION AT TRINITY VALLEY COMMUNITY COLLEGE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GOLF TOURNAMENT & OTHER FUNDRAISING 12,518
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt050548
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IRS990ScheduleD/RevenueSubtotalAmt0236211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS AE INTENDED TO BE USED FOR SCHOLARSHIPS AND OTHER EDUCATIONAL PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleD/TotalExpensesPerForm990Amt096103
IRS990ScheduleD/TotalRevenuePerForm990Amt0236211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0251856
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt062991
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0107
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION COMMUNICATES WITH TRINITY VALLEY COMMUNITY COLLEGE TO ENSURE PROPER USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRINITY VALLEY COMMUNITY COLLEGE FOUNDATION'S OVERALL GOAL IS TO STENGTHEN SCHOLARSHIP ENDOWMENT FUNDS IN ATTEMPTS TO PROVIDE SOME TYPE OF SCHOLARSHIP FOR EVERY DESERVING STUDENT WHO DESIRES AN EDUCATION AT TRINITY VALLEY COMMUNITY COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS FIRST AND FOREMOST REVIEWED BY JEAN MCSPADDEN, TREASURER, BOARD MEMBER, VICE PRESIDENT OF ADMINISTRATIVE SERVICES AND CFO. SUPPLEMENTAL REVIEWS ARE CONDUCTED BY THE VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT OF TRINITY VALLEY COMMUNITY COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

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