Civic Intelligence

Burleson Higher Education Opportunity Fund

990 • Fiscal year 2017 • EIN 26-2998116

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 11, 2018

Organization ProfileBURLESONOPPFUND.COM
141 W RenfroBurleson, TX 76028

(817) 426-9662

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

40th percentile

-2.0%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$479,065

Down $9,872 (-2.0%) from 2016

Net Assets

Down

$479,065

Down $9,872 (-2.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin34th percentile

Revenue

Down

$310,153

Down $52,083 (-14%) from 2016

Expenses

Up

$318,455

Up $71,980 (+29%) from 2016

Net Income

Down

-$8,302

Down $124,063 (-107%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$800K$600K$400K$200K$0Assets 2013: $222,407Liabilities 2013: $450Net Assets 2013: $221,9572013Assets 2015: $373,176Liabilities 2015: $0Net Assets 2015: $373,1762015Assets 2016: $488,937Liabilities 2016: $0Net Assets 2016: $488,9372016Assets 2017: $479,065Liabilities 2017: $0Net Assets 2017: $479,0652017Assets 2018: $368,143Liabilities 2018: $0Net Assets 2018: $368,1432018Assets 2019: $369,529Liabilities 2019: $0Net Assets 2019: $369,5292019Assets 2020: $625,619Liabilities 2020: $0Net Assets 2020: $625,6192020Assets 2021: $404,746Liabilities 2021: $2,617Net Assets 2021: $402,1292021Assets 2022: $39,883Liabilities 2022: $0Net Assets 2022: $39,8832022Assets 2023: $272,945Liabilities 2023: $205,904Net Assets 2023: $67,0412023Assets 2024: $165,557Liabilities 2024: $128,690Net Assets 2024: $36,8672024

Highlighted filing

2017

Assets$479,065
Liabilities$0
Net Assets$479,065
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $155,254Expenses 2013: $19,674Net Income 2013: $135,5802013Revenue 2015: $193,476Expenses 2015: $199,231Net Income 2015: -$5,7552015Revenue 2016: $362,236Expenses 2016: $246,475Net Income 2016: $115,7612016Revenue 2017: $310,153Expenses 2017: $318,455Net Income 2017: -$8,3022017Revenue 2018: $219,411Expenses 2018: $330,133Net Income 2018: -$110,7222018Revenue 2019: $315,088Expenses 2019: $313,704Net Income 2019: $1,3842019Revenue 2020: $275,977Expenses 2020: $19,886Net Income 2020: $256,0912020Revenue 2021: $273,530Expenses 2021: $497,023Net Income 2021: -$223,4932021Revenue 2022: $218,159Expenses 2022: $580,405Net Income 2022: -$362,2462022Revenue 2023: $390,873Expenses 2023: $363,715Net Income 2023: $27,1582023Revenue 2024: $239,159Expenses 2024: $269,333Net Income 2024: -$30,1742024

Highlighted filing

2017

Revenue$310,153
Expenses$318,455
Net Income-$8,302
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 11, 2018
Return Version
2017v2.2
Gross Receipts
$310,153
Mission and Program Overview

Mission

Change the expectation of students teachers & parents to include the idea that all h.s. Graduates from burleson have the opportunity to attain higher education & cultivate the economic development benefits of expanding the attainment of college degrees & career cert.

Change the expectation of students teachers & parents to include the idea that all h.s. Graduates from burleson have the opportunity to attain higher education & cultivate the economic development benefits of expanding the attainment of college degrees & career certifications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$488,937$479,065▼ $9,872
Rtn Earn Endowment Incm Other Fnds$488,937$479,065▼ $9,872
Total Assets$488,937$479,065▼ $9,872
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$488,937$479,065▼ $9,872
Total Liabilities and Net Assets / Fund Balance$488,937$479,065▼ $9,872
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Ronnie JohnsonChairman
Craig CouchVice Chairman
Drew PennywellBoard Member Pl 1
Judy ArnoldBoard Member Pl 10
Ken FinchBoard Member Pl 12
Lori DyessBoard Member Pl 14
Ken ShetterBoard Member Pl 2
Bret JimmersonBoard Member Pl 4
Staci EisnerBoard Member Pl 5
Andy PickensBoard Member Pl 6
Pamela BoehmBoard Member Pl 7
Nancy HollandBoard Member Pl 8
Beverly Volkman-powellBoard Member Pl 9
Patsy DumasBoard Memeber Pl 11
Tim SoutherlandSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$309,803
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$350
All Other Contributions
$309,803
Change in Net Assets
$-8,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,455
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
Office Expenses$6,191$1,426-$7,617
Conferences and Meetings$5,129--$5,129
Fees for Services Accounting-$2,806-$2,806
Advertising-$1,865-$1,865
Fees for Services Other-$204-$204
Other Expenses$625$123-$123
Total Functional Expenses$312,031$6,424$0$318,455
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
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Craig CouchTreasurerOwns Business Which Provides Acct & Tax SvcsNo$750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 governing body review Part VI line 11

“The board of the burleson opportunity fund reviews the 990 prior to authorizing electronic filing of the return.”

Governing documents etc available to public Part VI line 19

“Governing documents and copies of 990s are available to the public by request and are stored electronically by the burleson opportunity fund.”

Filing and Contact Details

Filer

Filer Name
Burleson Higher Education Opportunity Fund
EIN
26-2998116
Address
141 W RENFRO, BURLESON, TX 76028

Signing Officer

Name
Jessie Elizondo
Title
Board Liason
Phone
8174269662
Signed
2018-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronnie Johnson
Formed
2007
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Couch & Russell Financial Group
Address
388 SW Johnson Ave, Burleson, TX 76028
Preparer
Cheryl White
Phone
8172952236
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“ROUNDING 1”

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IRS990/PrincipalOfficerNm0RONNIE JOHNSON
IRS990/PriorPeriodAdjustmentsAmt0-1571
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-8302
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0488937
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0479065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0309803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0362236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0193476
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0178643
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01199412
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IRS990ScheduleA/InvestmentIncomePYPct01.00000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt0350
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IRS990ScheduleA/PublicSupportCY509Pct00.99970
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0309803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0362236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0193476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0178643
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0155254
IRS990ScheduleA/Total509Grp/TotalAmt01199412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0310153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0362236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0193476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0178643
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0155254
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01199762
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CRAIG COUCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TREASURER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OWNS BUSINESS WHICH PROVIDES ACCT & TAX SVCS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF THE BURLESON OPPORTUNITY FUND REVIEWS THE 990 PRIOR TO AUTHORIZING ELECTRONIC FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND COPIES OF 990S ARE AVAILABLE TO THE PUBLIC BY REQUEST AND ARE STORED ELECTRONICALLY BY THE BURLESON OPPORTUNITY FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0488937
IRS990/TotalAssetsEOYAmt0479065
IRS990/TotalAssetsGrp/BOYAmt0488937
IRS990/TotalAssetsGrp/EOYAmt0479065
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0309803
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06424
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312031
IRS990/TotalFunctionalExpensesGrp/TotalAmt0318455
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0488937
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0479065
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0312031
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0350
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310153
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0488937
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0479065
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0HTTP://BURLESONOPPFUND.COM
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSIE ELIZONDO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD LIASON
ReturnHeader/BusinessOfficerGrp/PhoneNum08174269662
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BURLESON HIGHER EDUCATION OPPORTUNITY FUND
ReturnHeader/Filer/BusinessNameControlTxt0BURL
ReturnHeader/Filer/EIN0262998116
ReturnHeader/Filer/USAddress/AddressLine1Txt0141 W RENFRO
ReturnHeader/Filer/USAddress/CityNm0BURLESON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076028
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId037C4E5F720C269A24C50A4EFF2259E4941616BF3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId037C4E5F720C269A24C50A4EFF2259E4941616BF3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07593992018255p31emvo
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-09-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.182.216.2
ReturnHeader/FilingSecurityInformation/IPDt02018-09-12
ReturnHeader/FilingSecurityInformation/IPTm010:32:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752852737
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Couch & Russell Financial Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0388 SW Johnson Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Burleson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076028
ReturnHeader/PreparerPersonGrp/PhoneNum08172952236
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl White
ReturnHeader/ReturnTs02018-09-12T10:31:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$479,065
Liabilities
$0
Net assets
$479,065
Revenue
$310,153
Expenses
$318,455
Net income
-$8,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$1.29$0.37$2.39$2.69$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$2.06$0.67$3.91$3.64$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$2.18$5.80$3.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.03$4.02$2.74$4.97$2.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.00$6.26$2.76$0.20$2.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.00$3.70$3.15$3.14$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.00$3.68$2.19$3.30$1.11
2017Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$3.10$3.18$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.00$4.89$3.62$2.46$1.16
2015Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$1.93$1.99$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$1.55$0.20$1.36