Civic Intelligence

Sibi Foundation

990 • Fiscal year 2021 • EIN 26-3204092

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

Organization ProfileSIBI.CC/FOUNDATION
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

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

27th percentile

0.08x

Higher debt load relative to revenue than 27% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

95th percentile

79%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

82nd percentile

29%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-3.0%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$22,658,439

Up $5,139,121 (+29%) from 2020

Net Assets

Up

$22,343,530

Up $4,903,524 (+28%) from 2020

Liabilities

Up

$314,909

Up $235,597 (+297%) from 2020

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin95th percentile

Revenue

Down

$3,935,219

Down $120,673 (-3.0%) from 2020

Expenses

Up

$812,635

Up $199,539 (+33%) from 2020

Net Income

Down

$3,122,584

Down $320,212 (-9.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2021

Assets$22,658,439
Liabilities$314,909
Net Assets$22,343,530
Open 2021 Filing

Operations Trend

Revenue Growth25th 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

2021

Revenue$3,935,219
Expenses$812,635
Net Income$3,122,584
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$4,249,264
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$17,474,157$22,571,561▲ $5,097,404
Cash and Non-Interest-Bearing Accounts$43,441$83,827▲ $40,386
Other Notes and Loans Receivable, Net$3,288$2,051▼ $1,237
Prepaid Expenses and Deferred Charges$1,719--
Accounts Receivable-$1,000-
Total Assets$17,522,606$22,658,439▲ $5,135,833
Other Assets Total$1--
Liabilities
Other Liabilities$98,542$314,909▲ $216,367
Total Liabilities$98,542$314,909▲ $216,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,899,804$20,819,270▲ $4,919,466
Net Assets With Donor Restrictions$1,524,260$1,524,260→ $0
Total Net Assets Fund Balance$17,424,064$22,343,530▲ $4,919,466
Total Liabilities and Net Assets / Fund Balance$17,522,606$22,658,439▲ $5,135,833

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,524,260---$1,524,260
2020$1,524,260---$1,524,260
2019$1,524,260---$1,524,260
2018$1,524,260---$1,524,260
2017$1,524,260---$1,524,260
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Truitt AdairPresident
Scott CollierVice President
Chris RaneyDirector
Don BrownDirector
Gene McguireDirector
Jay ReynoldsDirector
Kenzel MayDirector
Sam HawthorneDirector
Sean McnielSecretary
Steve CrockettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,123,281
Program Service Revenue
$0
Investment Income
$811,938
Other Revenue
$0
All Other Contributions
$124,281
Change in Net Assets
$3,122,584

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Miscellaneous1$82,981
Total Noncash Contributions1$82,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$732,427
Other Expenses$80,208
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$732,427--$732,427
Fees for Service Investment Mgmnt Fees$75,000--$75,000
Other Expenses$3,796--$3,796
Information Technology-$1,387-$1,387
Travel-$25-$25
Total Functional Expenses$811,223$1,412$0$812,635
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sunset International Bible Institute IncLubbock, TX-To Support Sunset International Bible Institute$732,427
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Anuities Payable$314,909
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Section B, Line 11B

“Each year, the sibi foundation president and treausurer, 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, Section C, Line 18

“SEE SCHEDULE O”

Form 990, Part VI, Section C, Line 19

“No other 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
President
Phone
8067883242
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Truitt Adair
Formed
2011
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
2

Preparer

Firm
Carr Riggs & Ingram LLC
Address
2403 82ND STREET, LUBBOCK, TX 79423
Preparer
Jimmy D Pendergrass
Phone
8067456789
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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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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/BeginningYearBalanceAmt01524260
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01524260
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0314909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANUITIES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0314909
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0732427
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT SUNSET INTERNATIONAL BIBLE INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SUNSET INTERNATIONAL BIBLE INSTITUTE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0751853709
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03723 34TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LUBBOCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079410
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesMiscellaneousGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NoncashContributionsRptF990Amt082981
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH YEAR, THE SIBI FOUNDATION PRESIDENT AND TREAUSURER, 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/ExplanationTxt1SEE SCHEDULE O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SUNSET INTERNATIONAL BIBLE INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751853709
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03723 34TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LUBBOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079410
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017522606
IRS990/TotalAssetsEOYAmt022658439
IRS990/TotalAssetsGrp/BOYAmt017522606
IRS990/TotalAssetsGrp/EOYAmt022658439
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03123281
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01412
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0811223
IRS990/TotalFunctionalExpensesGrp/TotalAmt0812635
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098542
IRS990/TotalLiabilitiesEOYAmt0314909
IRS990/TotalLiabilitiesGrp/BOYAmt098542
IRS990/TotalLiabilitiesGrp/EOYAmt0314909
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017424064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022343530
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0811223
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0811938
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03935219
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017522606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022658439
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt025
IRS990/TravelGrp/TotalAmt025
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt03723 34TH STREET
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079410
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0SIBI.CC/FOUNDATION
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,658,439
Liabilities
$314,909
Net assets
$22,343,530
Revenue
$3,935,219
Expenses
$812,635
Net income
$3,122,584
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
2021Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $10M-$25M nonprofits