Civic Intelligence

The Hanger Charitable Foundation

990 • Fiscal year 2020 • EIN 26-3374716

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.HANGERFOUNDATION.ORG
10910 Domain Drive No 300Austin, TX 78758

(512) 777-3800

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$42,421

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

99th percentile

787%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

188%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$852,747

Up $756,632 (+787%) from 2019

Net Assets

Up

$830,857

Up $750,918 (+939%) from 2019

Liabilities

Up

$21,890

Up $5,714 (+35%) from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin98th percentile

Revenue

Up

$802,610

Up $524,143 (+188%) from 2019

Expenses

Down

$51,692

Down $250,317 (-83%) from 2019

Net Income

Up

$750,918

Up $774,460 (+3290%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $624,217Liabilities 2015: $1,200Net Assets 2015: $623,0172015Assets 2016: $378,398Liabilities 2016: $100,545Net Assets 2016: $277,8532016Assets 2017: $268,219Liabilities 2017: $140,900Net Assets 2017: $127,3192017Assets 2018: $105,281Liabilities 2018: $1,800Net Assets 2018: $103,4812018Assets 2019: $96,115Liabilities 2019: $16,176Net Assets 2019: $79,9392019Assets 2020: $852,747Liabilities 2020: $21,890Net Assets 2020: $830,8572020Assets 2021: $694,784Liabilities 2021: $78,467Net Assets 2021: $616,3172021Assets 2022: $1,288,946Liabilities 2022: $58,149Net Assets 2022: $1,230,7972022Assets 2023: $1,334,446Liabilities 2023: $207,709Net Assets 2023: $1,126,7372023Assets 2024: $1,649,429Liabilities 2024: $299,066Net Assets 2024: $1,350,3632024

Highlighted filing

2020

Assets$852,747
Liabilities$21,890
Net Assets$830,857
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $385,713Expenses 2015: $279,941Net Income 2015: $105,7722015Revenue 2016: $90,423Expenses 2016: $435,587Net Income 2016: -$345,1642016Revenue 2017: $124,888Expenses 2017: $275,422Net Income 2017: -$150,5342017Revenue 2018: $189,772Expenses 2018: $213,610Net Income 2018: -$23,8382018Revenue 2019: $278,467Expenses 2019: $302,009Net Income 2019: -$23,5422019Revenue 2020: $802,610Expenses 2020: $51,692Net Income 2020: $750,9182020Revenue 2021: $258,273Expenses 2021: $472,813Net Income 2021: -$214,5402021Revenue 2022: $1,154,863Expenses 2022: $540,383Net Income 2022: $614,4802022Revenue 2023: $601,526Expenses 2023: $705,586Net Income 2023: -$104,0602023Revenue 2024: $832,011Expenses 2024: $608,385Net Income 2024: $223,6262024

Highlighted filing

2020

Revenue$802,610
Expenses$51,692
Net Income$750,918
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$802,610
Mission and Program Overview

Mission

To advance our communities by supporting 501c3 organizations that help people with physical challenges live life as fully as possible.

To support organizations that help people with physical challenges live life as fully as possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,115$837,247▲ $741,132
Pledges and Grants Receivable-$15,500-
Total Assets$96,115$852,747▲ $756,632
Liabilities
Accounts Payable and Accrued Expenses$16,176$21,890▲ $5,714
Total Liabilities$16,176$21,890▲ $5,714
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,939$830,857▲ $750,918
Total Net Assets Fund Balance$79,939$830,857▲ $750,918
Total Liabilities and Net Assets / Fund Balance$96,115$852,747▲ $756,632
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Gloria Gonzales-dholakiaExecutive DirectorPT$42,421$42,421

Board Members and Trustees

NameTitle
Vinit AsarChairman/director
Scott RowePresident
Keri JollyDirector
Tom HartmanDirector
Tom HartmanSecretary (jan-feb)
Heather KleinSecretary (mar-dec)
Jobie WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$802,610
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$802,610
Change in Net Assets
$750,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$802,305
Revenue Not Reported on Financial Statements
$305
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$305
Total Revenue per Audited Statements
$802,305
Total Revenue per Form 990
$802,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,218
Total Fundraising Expense$18,392
Other Expenses$6,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,550$8,276$16,550$41,376
Payroll Taxes$1,119$559$1,119$2,797
Fees for Services Accounting-$2,000-$2,000
Information Technology-$1,686-$1,686
Advertising-$1,533-$1,533
Office Expenses-$875$305$1,180
Other Employee Benefits$418$209$418$1,045
Travel-$75-$75
Total Functional Expenses$18,087$15,213$18,392$51,692

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$51,692
Expenses per Audited Statements$51,387
Total Expenses per Audited Statements$51,387
Expenses Not Reported on Financial Statements$305
Other Expense Adjustments$305
Expenses Not Reported on Form 990$0
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
Audit committee
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
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, Part VI, Section A, Line 2

“The officers and directors of the foundation have a business relationship with one another as they are either officers or employees of the same public entity.”

Form 990, Part VI, Section B, Line 11B

“The annual tax return is reviewed by the president with the preparing cpa. The tax return is distributed to the board members before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Following disclosures of financial interest, the board reviews all relevant information and votes on the existence of a conflict of interest.”

Form 990, Part VI, Section B, Line 15A

“The board as a whole reviews and approves the compensation for the executive director.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

FORM 990, PART VI, SECTION B, LINE 13 & 14:

“All directors and officers of the organization are employees of the same public company and are bound by the public company's policies which include a written whistleblower policy and written document retention & destruction policy.”

Filing and Contact Details

Filer

Filer Name
The Hanger Charitable Foundation
EIN
26-3374716
Phone
5127773800
Address
10910 DOMAIN DRIVE NO 300, AUSTIN, TX 78758

Signing Officer

Name
Scott Rowe
Title
President
Phone
5127773800
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vinit Asar
Formed
2008
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
29

Preparer

Firm
Reynolds & Franke Pc
Address
6850 AUSTIN CENTER BLVD SUITE 100, AUSTIN, TX 78731
Preparer
Ronald H Reynolds
Phone
5122063141
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINES 7, 9, & 10:

“Amounts include in these lines represent reimbursements to hanger inc., the foundation does not have employees.”

Financial Statement Notes

PART X, LINE 2:

“The most significant tax positions of the foundation are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business income tax (ubit). Management has determined that the foundation had no ubit for the year ended december 31, 2020 and therefore no provision has been included in these financial statements for any federal income tax liability. All significant tax positions have been considered by management and it has been determined that it is more likely than not that all positions would be sustained upon examination by taxing authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reclassified expenses 305.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reclassified expenses 305.”

Raw XML Appendix365 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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IRS990ScheduleD/RevenueSubtotalAmt0802305
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION ARE ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UBIT FOR THE YEAR ENDED DECEMBER 31, 2020 AND THEREFORE NO PROVISION HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS FOR ANY FEDERAL INCOME TAX LIABILITY. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASSIFIED EXPENSES 305.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASSIFIED EXPENSES 305.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt051692
IRS990ScheduleD/TotalRevenuePerForm990Amt0802610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0802305
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt051387
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS AND DIRECTORS OF THE FOUNDATION HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER AS THEY ARE EITHER OFFICERS OR EMPLOYEES OF THE SAME PUBLIC ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL TAX RETURN IS REVIEWED BY THE PRESIDENT WITH THE PREPARING CPA. THE TAX RETURN IS DISTRIBUTED TO THE BOARD MEMBERS BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOLLOWING DISCLOSURES OF FINANCIAL INTEREST, THE BOARD REVIEWS ALL RELEVANT INFORMATION AND VOTES ON THE EXISTENCE OF A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD AS A WHOLE REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE EMPLOYEES OF THE SAME PUBLIC COMPANY AND ARE BOUND BY THE PUBLIC COMPANY'S POLICIES WHICH INCLUDE A WRITTEN WHISTLEBLOWER POLICY AND WRITTEN DOCUMENT RETENTION & DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AMOUNTS INCLUDE IN THESE LINES REPRESENT REIMBURSEMENTS TO HANGER INC., THE FOUNDATION DOES NOT HAVE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 13 & 14:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINES 7, 9, & 10:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt096115
IRS990/TotalAssetsEOYAmt0852747
IRS990/TotalAssetsGrp/BOYAmt096115
IRS990/TotalAssetsGrp/EOYAmt0852747
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0802610
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018392
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015213
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018087
IRS990/TotalFunctionalExpensesGrp/TotalAmt051692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016176
IRS990/TotalLiabilitiesEOYAmt021890
IRS990/TotalLiabilitiesGrp/BOYAmt016176
IRS990/TotalLiabilitiesGrp/EOYAmt021890
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt079939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0830857
IRS990/TotalOtherCompensationAmt01045
IRS990/TotalProgramServiceExpensesAmt018087
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0802610
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt029
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096115
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0852747
IRS990/TotReportableCompRltdOrgAmt041376
IRS990/TravelGrp/ManagementAndGeneralAmt075
IRS990/TravelGrp/TotalAmt075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010910 DOMAIN DRIVE NO 300
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078758
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.HANGERFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT ROWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05127773800
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE HANGER CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HANG
ReturnHeader/Filer/EIN0263374716
ReturnHeader/Filer/PhoneNum05127773800
ReturnHeader/Filer/USAddress/AddressLine1Txt010910 DOMAIN DRIVE NO 300
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078758
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742516372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REYNOLDS & FRANKE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06850 AUSTIN CENTER BLVD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078731
ReturnHeader/PreparerPersonGrp/PhoneNum05122063141
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD H REYNOLDS
ReturnHeader/ReturnTs02021-11-15T11:55:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROWE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$852,747
Liabilities
$21,890
Net assets
$830,857
Revenue
$802,610
Expenses
$51,692
Net income
$750,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.30$1.35$0.83$0.61$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.21$1.13$0.60$0.71$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.23$1.15$0.54$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.08$0.62$0.26$0.47$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.02$0.83$0.80$0.05$0.75
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.02$0.08$0.28$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.19$0.21$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.14$0.13$0.12$0.28$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.10$0.28$0.09$0.44$0.35
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.39$0.28$0.11