Civic Intelligence

Sibi Foundation

990 • Fiscal year 2018 • EIN 26-3204092

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 28, 2019

Organization ProfileN/A
3723 34th StreetLubbock, TX 79410

(806) 788-3242

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.08x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

68th percentile

7.2%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-68%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$11,284,009

Up $760,369 (+7.2%) from 2017

Net Assets

Up

$11,190,664

Up $719,204 (+6.9%) from 2017

Liabilities

Up

$93,345

Up $41,165 (+79%) from 2017

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin93rd percentile

Revenue

Down

$1,218,388

Down $2,599,429 (-68%) from 2017

Expenses

Up

$499,184

Up $16,273 (+3.4%) from 2017

Net Income

Down

$719,204

Down $2,615,702 (-78%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$30M$20M$10M$0Assets 2012: $0Net Assets 2012: $02012Assets 2013: $7,084,421Liabilities 2013: $0Net Assets 2013: $7,084,4212013Assets 2014: $6,996,006Liabilities 2014: $15,670Net Assets 2014: $6,980,3362014Assets 2016: $7,188,285Liabilities 2016: $51,731Net Assets 2016: $7,136,5542016Assets 2017: $10,523,640Liabilities 2017: $52,180Net Assets 2017: $10,471,4602017Assets 2018: $11,284,009Liabilities 2018: $93,345Net Assets 2018: $11,190,6642018Assets 2019: $14,080,005Liabilities 2019: $82,795Net Assets 2019: $13,997,2102019Assets 2020: $17,519,318Liabilities 2020: $79,312Net Assets 2020: $17,440,0062020Assets 2021: $22,658,439Liabilities 2021: $314,909Net Assets 2021: $22,343,5302021Assets 2022: $22,325,974Liabilities 2022: $0Net Assets 2022: $22,325,9742022Assets 2024: $29,165,924Liabilities 2024: $36,700Net Assets 2024: $29,129,2242024

Highlighted filing

2018

Assets$11,284,009
Liabilities$93,345
Net Assets$11,190,664
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $02012Revenue 2013: $7,084,421Expenses 2013: $0Net Income 2013: $7,084,4212013Revenue 2014: $206,624Expenses 2014: $310,709Net Income 2014: -$104,0852014Revenue 2016: $837,400Expenses 2016: $373,893Net Income 2016: $463,5072016Revenue 2017: $3,817,817Expenses 2017: $482,911Net Income 2017: $3,334,9062017Revenue 2018: $1,218,388Expenses 2018: $499,184Net Income 2018: $719,2042018Revenue 2019: $3,308,531Expenses 2019: $501,985Net Income 2019: $2,806,5462019Revenue 2020: $4,055,892Expenses 2020: $613,096Net Income 2020: $3,442,7962020Revenue 2021: $3,935,219Expenses 2021: $812,635Net Income 2021: $3,122,5842021Revenue 2022: $3,423,400Expenses 2022: $993,684Net Income 2022: $2,429,7162022Revenue 2024: $2,357,099Expenses 2024: $1,275,233Net Income 2024: $1,081,8662024

Highlighted filing

2018

Revenue$1,218,388
Expenses$499,184
Net Income$719,204
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$1,218,388
Mission and Program Overview

Mission

Sibi foundation solely supports the activities and missions of sunset international bible institute, inc

SIBI Foundation solely supports the activities and missions of Sunset International Bible Institute, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,521,673$11,282,083▲ $760,410
Prepaid Expenses and Deferred Charges$1,967$1,926▼ $41
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,523,640$11,284,009▲ $760,369
Other Assets Total-$0-
Liabilities
Other Liabilities$52,180$93,345▲ $41,165
Total Liabilities$52,180$93,345▲ $41,165
Net Assets / Fund Balance
Unrestricted Net Assets$8,947,200$9,666,404▲ $719,204
Permanently Rstr Net Assets$1,524,260$1,524,260→ $0
Total Net Assets Fund Balance$10,471,460$11,190,664▲ $719,204
Total Liabilities and Net Assets / Fund Balance$10,523,640$11,284,009▲ $760,369
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Don BrownDirector
Gary NuttDirector
Glen DavisDirector
Kenzel MayDirector
Scott CollierDirector
Steve CrockettDirector
Truitt AdairDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,304,075
Program Service Revenue
$0
Investment Income
$-1,085,687
Other Revenue
$0
All Other Contributions
$2,304,075
Change in Net Assets
$719,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$351,370
Other Expenses$81,314
Total Fundraising Expense$70,910
Professional Fundraising Fees$66,500
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$351,370--$351,370
Fees for Service Investment Mgmnt Fees$74,622--$74,622
Fees for Services Professional Fundraising--$66,500$66,500
Travel--$4,410$4,410
Insurance$1,442--$1,442
Office Expenses$820--$820
Fees for Services Accounting-$20-$20
Total Functional Expenses$428,254$20$70,910$499,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$66,500
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$50,000
Annuities Payable$43,345
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Part VI, Line 11B: Form 990 Review Process

“Each year, the SIBI Foundation President and Treasurer, along with the Treasurer of the supported organization, Sunset International Bible Institute, Inc., review the Form 990 for accuracy and completeness prior to its filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
SIBI Foundation
EIN
26-3204092
Phone
8067883242
Address
3723 34th Street, Lubbock, TX 79410

Signing Officer

Name
Truitt Adair
Title
Director
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Gary Bowers & Miller
Address
5235 79th Street, Lubbock, TX 79424
Preparer
Eric Miller
Phone
8067949955
Raw XML Appendix397 raw XML fields

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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0351370
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SIBI Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0351370
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Annuities Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Intercompany Payable
IRS990ScheduleD/TotalLiabilityAmt093345
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Estate Planning Consult
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Thompson and Associates
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt066500
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0112 Westwood Place 250
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Brentwood
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd037027
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Contracted with Professional Estate Planner to provide estate planning services for interested potential donors.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleG/TotalRetainedByContractorsAmt066500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each year, the SIBI Foundation President and Treasurer, along with the Treasurer of the supported organization, Sunset International Bible Institute, Inc., review the Form 990 for accuracy and completeness prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010523640
IRS990/TotalAssetsEOYAmt011284009
IRS990/TotalAssetsGrp/BOYAmt010523640
IRS990/TotalAssetsGrp/EOYAmt011284009
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IRS990/TotalContributionsAmt02304075
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070910
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0428254
IRS990/TotalFunctionalExpensesGrp/TotalAmt0499184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052180
IRS990/TotalLiabilitiesEOYAmt093345
IRS990/TotalLiabilitiesGrp/BOYAmt052180
IRS990/TotalLiabilitiesGrp/EOYAmt093345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010471460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011190664
IRS990/TotalProgramServiceExpensesAmt0428254
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1085687
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01218388
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010523640
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011284009
IRS990/TravelGrp/FundraisingAmt04410
IRS990/TravelGrp/TotalAmt04410
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08947200
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09666404
IRS990/USAddress/AddressLine1Txt03723 34th Street
IRS990/USAddress/CityNm0Lubbock
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079410
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Truitt Adair
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIBI Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SIBI
ReturnHeader/Filer/EIN0263204092
ReturnHeader/Filer/PhoneNum08067883242
ReturnHeader/Filer/USAddress/AddressLine1Txt03723 34th Street
ReturnHeader/Filer/USAddress/CityNm0Lubbock
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079410
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751904439
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gary Bowers & Miller
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05235 79th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lubbock
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079424
ReturnHeader/PreparerPersonGrp/PhoneNum08067949955
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eric Miller
ReturnHeader/ReturnTs02019-10-28T12:52:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,284,009
Liabilities
$93,345
Net assets
$11,190,664
Revenue
$1,218,388
Expenses
$499,184
Net income
$719,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.2$0.04$29.1$2.36$1.28$1.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.00$22.3$3.42$0.99$2.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$0.31$22.3$3.94$0.81$3.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$0.08$17.4$4.06$0.61$3.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.08$14.0$3.31$0.50$2.81
2018Detailed filing. Detailed filing data is available for this year.$11.3$0.09$11.2$1.22$0.50$0.72
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.05$10.5$3.82$0.48$3.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.19$0.05$7.14$0.84$0.37$0.46
2014Detailed filing. Detailed filing data is available for this year.$7.00$0.02$6.98$0.21$0.31$0.10
2013Detailed filing. Detailed filing data is available for this year.$7.08$0.00$7.08$7.08$0.00$7.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00