Civic Intelligence

Sibi Foundation

990 • Fiscal year 2019 • EIN 26-3204092

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2019

Revenue Growth

23rd percentile

-6.9%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$14,080,005

Up $3,556,365 (+34%) from 2017

Net Assets

Up

$13,997,210

Up $3,525,750 (+34%) from 2017

Liabilities

Up

$82,795

Up $30,615 (+59%) from 2017

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin97th percentile

Revenue

Down

$3,308,531

Down $509,286 (-13%) from 2017

Expenses

Up

$501,985

Up $19,074 (+3.9%) from 2017

Net Income

Down

$2,806,546

Down $528,360 (-16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth79th 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 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

2019

Assets$14,080,005
Liabilities$82,795
Net Assets$13,997,210
Open 2019 Filing

Operations Trend

Revenue Growth23rd 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 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

2019

Revenue$3,308,531
Expenses$501,985
Net Income$2,806,546
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$3,308,531
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,194,239$13,997,157▲ $2,802,918
Cash and Non-Interest-Bearing Accounts$87,844$81,064▼ $6,780
Prepaid Expenses and Deferred Charges$1,926$1,784▼ $142
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$11,284,009$14,080,005▲ $2,795,996
Other Assets Total-$0-
Liabilities
Other Liabilities$93,345$82,795▼ $10,550
Total Liabilities$93,345$82,795▼ $10,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,666,404$12,472,950▲ $2,806,546
Net Assets With Donor Restrictions$1,524,260$1,524,260→ $0
Total Net Assets Fund Balance$11,190,664$13,997,210▲ $2,806,546
Total Liabilities and Net Assets / Fund Balance$11,284,009$14,080,005▲ $2,795,996

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,524,260---$1,524,260
2018$1,524,260---$1,524,260
2017$1,524,260---$1,524,260
2016$1,524,260---$1,524,260
2015$1,470,960$53,300--$1,524,260
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Truitt AdairPresident
Scott CollierVice President
Don BrownDirector
Glen DavisDirector
Kenzel MayDirector
Gary NuttSecretary
Steve CrockettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,376,599
Program Service Revenue
$0
Investment Income
$1,931,932
Other Revenue
$0
All Other Contributions
$1,376,599
Change in Net Assets
$2,806,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$399,280
Other Expenses$80,705
Total Fundraising Expense$22,609
Professional Fundraising Fees$22,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$399,280--$399,280
Fees for Service Investment Mgmnt Fees$75,000--$75,000
Fees for Services Professional Fundraising--$22,000$22,000
Fees for Services Legal-$2,275-$2,275
Insurance$1,679--$1,679
Office Expenses$1,122--$1,122
Travel--$609$609
Fees for Services Accounting-$20-$20
Total Functional Expenses$477,081$2,295$22,609$501,985
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,000
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
Annuities Payable$82,795
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
2020-11-16
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
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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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SIBI Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0399280
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/CYEndwmtFundGrp/BeginningYearBalanceAmt01524260
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01524260
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01524260
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01524260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01470960
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt053300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Annuities Payable
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalLiabilityAmt082795
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011284009
IRS990/TotalAssetsEOYAmt014080005
IRS990/TotalAssetsGrp/BOYAmt011284009
IRS990/TotalAssetsGrp/EOYAmt014080005
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01376599
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022609
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02295
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0477081
IRS990/TotalFunctionalExpensesGrp/TotalAmt0501985
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093345
IRS990/TotalLiabilitiesEOYAmt082795
IRS990/TotalLiabilitiesGrp/BOYAmt093345
IRS990/TotalLiabilitiesGrp/EOYAmt082795
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011190664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013997210
IRS990/TotalProgramServiceExpensesAmt0477081
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01931932
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03308531
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011284009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014080005
IRS990/TravelGrp/FundraisingAmt0609
IRS990/TravelGrp/TotalAmt0609
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03723 34th Street
IRS990/USAddress/CityNm0Lubbock
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079410
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Truitt Adair
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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/ReturnTs02020-11-16T14:01:35-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,080,005
Liabilities
$82,795
Net assets
$13,997,210
Revenue
$3,308,531
Expenses
$501,985
Net income
$2,806,546
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
2019Detailed filing. Detailed filing data is available for this year.$14.1$0.08$14.0$3.31$0.50$2.81
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