Civic Intelligence

Foundation for Advanced Cardiovascular and Education Train

990 • Fiscal year 2017 • EIN 26-3122805

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

Organization ProfileTHEFACET.ORG
4708 Alliance Blvd Pavilion I 500Plano, TX 75093

(972) 832-7752

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$8,333

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

99th percentile

785%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

1245%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$358,339

Up $317,834 (+785%) from 2016

Net Assets

Up

$358,339

Up $317,834 (+785%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin83rd percentile

Revenue

Up

$1,156,454

Up $1,070,504 (+1245%) from 2016

Expenses

Up

$838,620

Up $793,175 (+1745%) from 2016

Net Income

Up

$317,834

Up $277,329 (+685%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$1.0M$500K$0Assets 2016: $40,505Net Assets 2016: $40,5052016Assets 2017: $358,339Liabilities 2017: $0Net Assets 2017: $358,3392017Assets 2018: $802,149Liabilities 2018: $0Net Assets 2018: $802,1492018Assets 2019: $629,535Liabilities 2019: $0Net Assets 2019: $629,5352019Assets 2020: $529,300Liabilities 2020: $0Net Assets 2020: $529,3002020Assets 2021: $780,205Liabilities 2021: $0Net Assets 2021: $780,2052021Assets 2022: $883,002Liabilities 2022: $0Net Assets 2022: $883,0022022Assets 2023: $940,611Liabilities 2023: $25,930Net Assets 2023: $914,6812023Assets 2024: $547,744Liabilities 2024: $21,881Net Assets 2024: $525,8632024

Highlighted filing

2017

Assets$358,339
Liabilities$0
Net Assets$358,339
Open 2017 Filing

Operations Trend

Revenue Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $85,950Expenses 2016: $45,445Net Income 2016: $40,5052016Revenue 2017: $1,156,454Expenses 2017: $838,620Net Income 2017: $317,8342017Revenue 2018: $883,705Expenses 2018: $439,895Net Income 2018: $443,8102018Revenue 2019: $943,544Expenses 2019: $1,116,158Net Income 2019: -$172,6142019Revenue 2020: $461,553Expenses 2020: $561,788Net Income 2020: -$100,2352020Revenue 2021: $753,901Expenses 2021: $502,996Net Income 2021: $250,9052021Revenue 2022: $868,230Expenses 2022: $765,433Net Income 2022: $102,7972022Revenue 2023: $1,363,207Expenses 2023: $1,331,528Net Income 2023: $31,6792023Revenue 2024: $2,040,783Expenses 2024: $2,429,601Net Income 2024: -$388,8182024

Highlighted filing

2017

Revenue$1,156,454
Expenses$838,620
Net Income$317,834
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$1,156,454
Mission and Program Overview

Mission

The foundation's tax exempt purpose is to promote and facilitate physician access to quality continuing medical education through facet's accredited cme program. The activities will update physicians on new diagnosis and treatment modalities, improve clinical skills, and improve patient outcomes.

The foundation's tax exempt purpose is to conduct medical educational meetings for physicians, fellows and allied health professionals in the field of cardiovascular medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,505$358,339▲ $317,834
Total Assets$40,505$358,339▲ $317,834
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$40,505$358,339▲ $317,834
Total Net Assets Fund Balance$40,505$358,339▲ $317,834
Total Liabilities and Net Assets / Fund Balance$40,505$358,339▲ $317,834
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn HobbsDirectorPT$8,333$8,333

Board Members and Trustees

NameTitle
David L Brown MdDirector
Michael J Mack MdDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,112,000
Program Service Revenue
$38,595
Investment Income
$0
Other Revenue
$5,859
All Other Contributions
$1,112,000
Change in Net Assets
$317,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$755,287
Grants and Similar Amounts Paid$75,000
Salaries, Compensation, and Employee Benefits$8,333
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$655,980--$655,980
Grants to Domestic Orgs$75,000--$75,000
Travel$42,726$220-$42,946
Current Officers, Directors, Trustees, and Key Employees-$8,333-$8,333
All Other Expenses$5,748$2,345-$8,093
Other Expenses$5,600--$5,600
Advertising$2,718$1,920-$4,638
Office Expenses$171$1,227-$1,398
Total Functional Expenses$824,575$14,045$0$838,620
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Baylor Scott & White FoundationTemple, TX501(c)Scholarship Program$75,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 8B

“The organization had no committees authorized to act on behalf of the governing body.”

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

“The form 990 was reviewed by only one member of the governing body prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“Executive director compensation was determined by independent directors based on their informal determination of appropriate compensation level.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Foundation for Advanced Cardiovascu
EIN
26-3122805
Phone
9728327752
Address
4708 ALLIANCE BLVD PAVILION I 500, PLANO, TX 75093

Signing Officer

Name
Kathryn Hobbs
Title
Director
Phone
9728327752
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Hobbs
Formed
2015
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Burds Reed & Mercer Pc
Address
4131 N CENTRAL EXPRESSWAY STE 700, DALLAS, TX 75204
Preparer
Jerry W Dickson
Phone
2142192600
Supplemental Narrative

Additional Explanations

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

“Live surgeries; latest imaging techniques; heart disease management; case reviews; innovative devices and therapies and other cardiovascular related topics.”

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

“Greenville complex care program - 2017 cme regarding treatment trends and improved outcomes - 9 attendees. Liver diseases conference - 2017 cme regarding liver disease management & transplants - 46 attendees. Health surgical reunion - 2017 cme to increase knowledge and competence to favorable impact surgical outcomes - 64 attendees - 1,220 of registration fees were collected in 2018.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIVE SURGERIES; LATEST IMAGING TECHNIQUES; HEART DISEASE MANAGEMENT; CASE REVIEWS; INNOVATIVE DEVICES AND THERAPIES AND OTHER CARDIOVASCULAR RELATED TOPICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GREENVILLE COMPLEX CARE PROGRAM - 2017 CME REGARDING TREATMENT TRENDS AND IMPROVED OUTCOMES - 9 ATTENDEES. LIVER DISEASES CONFERENCE - 2017 CME REGARDING LIVER DISEASE MANAGEMENT & TRANSPLANTS - 46 ATTENDEES. HEALTH SURGICAL REUNION - 2017 CME TO INCREASE KNOWLEDGE AND COMPETENCE TO FAVORABLE IMPACT SURGICAL OUTCOMES - 64 ATTENDEES - 1,220 OF REGISTRATION FEES WERE COLLECTED IN 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAD NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED BY ONLY ONE MEMBER OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BY INDEPENDENT DIRECTORS BASED ON THEIR INFORMAL DETERMINATION OF APPROPRIATE COMPENSATION LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/FilingSecurityInformation/IPTm008:57:57
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY W DICKSON
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ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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
$358,339
Liabilities
$0
Net assets
$358,339
Revenue
$1,156,454
Expenses
$838,620
Net income
$317,834
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.02$0.53$2.04$2.43$0.39
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.03$0.91$1.36$1.33$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.87$0.77$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.75$0.50$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.46$0.56$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.94$1.12$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.88$0.44$0.44
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.16$0.84$0.32
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.09$0.05$0.04