Civic Intelligence

Palacios Isd Educational Foundation

990 • Fiscal year 2016 • EIN 26-4157856

Sep 01, 2015 to Aug 31, 2016 • Filed on Jan 16, 2017

Organization ProfileN/A
1209 12th StPalacios, TX 77465

(361) 972-5491

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-985%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-3.9%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

92nd percentile

73%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,715,515

Down $226,318 (-7.7%) from 2014

Net Assets

Down

$2,715,515

Down $226,318 (-7.7%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin1st percentile

Revenue

Up

$10,480

Up $6,981 (+200%) from 2014

Expenses

Down

$113,663

Down $64,507 (-36%) from 2014

Net Income

Up

-$103,183

Up $71,488 (+41%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $2,941,833Liabilities 2014: $0Net Assets 2014: $2,941,8332014Assets 2016: $2,715,515Liabilities 2016: $0Net Assets 2016: $2,715,5152016Assets 2017: $2,599,957Liabilities 2017: $0Net Assets 2017: $2,599,9572017Assets 2019: $2,466,663Liabilities 2019: $0Net Assets 2019: $2,466,6632019Assets 2020: $2,422,754Liabilities 2020: $0Net Assets 2020: $2,422,7542020Assets 2021: $2,374,500Liabilities 2021: $0Net Assets 2021: $2,374,5002021Assets 2022: $2,332,048Liabilities 2022: $0Net Assets 2022: $2,332,0482022Assets 2023: $2,292,873Liabilities 2023: $0Net Assets 2023: $2,292,8732023Assets 2024: $2,273,425Liabilities 2024: $0Net Assets 2024: $2,273,4252024

Highlighted filing

2016

Assets$2,715,515
Liabilities$0
Net Assets$2,715,515
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$200K$100K$0-$100K-$200KRevenue 2014: $3,499Expenses 2014: $178,170Net Income 2014: -$174,6712014Revenue 2016: $10,480Expenses 2016: $113,663Net Income 2016: -$103,1832016Revenue 2017: $18,797Expenses 2017: $134,355Net Income 2017: -$115,5582017Revenue 2019: $57,249Expenses 2019: $127,996Net Income 2019: -$70,7472019Revenue 2020: $28,640Expenses 2020: $72,549Net Income 2020: -$43,9092020Revenue 2021: $862Expenses 2021: $49,116Net Income 2021: -$48,2542021Revenue 2022: $12,872Expenses 2022: $55,323Net Income 2022: -$42,4512022Revenue 2023: $93,190Expenses 2023: $132,364Net Income 2023: -$39,1742023Revenue 2024: $123,979Expenses 2024: $143,426Net Income 2024: -$19,4472024

Highlighted filing

2016

Revenue$10,480
Expenses$113,663
Net Income-$103,183
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jan 16, 2017
Return Version
2015v3.0
Gross Receipts
$10,480
Mission and Program Overview

Mission

SUPPORT

Support support educational/cultural programs and services of the district

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,818,698$2,715,515▼ $103,183
Savings and Temporary Cash Investments$2,809,558$2,696,759▼ $112,799
Cash and Non-Interest-Bearing Accounts$9,140$18,756▲ $9,616
Total Assets$2,818,698$2,715,515▼ $103,183
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,818,698$2,715,515▼ $103,183
Total Liabilities and Net Assets / Fund Balance$2,818,698$2,715,515▼ $103,183
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Peter ZamarripaPresident
Rick CinkVice-president
Alexandro FloresBoard Mbr/superintendent
Rob KesslerSecretary
Herbert ResslerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,267
Other Revenue
$3,213
Change in Net Assets
$-103,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$112,888
Other Expenses$775
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$112,888--$112,888
Fees for Services Accounting$0$775$0$775
Total Functional Expenses$112,888$775$0$113,663
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
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
Palacios Isd Educational Foundation
EIN
26-4157856
Phone
3619725491
Address
1209 12TH ST, PALACIOS, TX 77465

Signing Officer

Name
Alexandro Flores
Title
Superintendent/board Mbr
Phone
3619725491
Signed
2017-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandro Flores
Formed
2007
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Sharron's Bookkeeping and Tax Service
Address
1305 Seventh St, Bay City, TX 77414
Preparer
Sharron Perez
Phone
9792457201
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“The organization does not have any committees. The governing body meets and discusses all issues.”

Pt VI, Line 11B

“The form 990 is prepared by an outside tax return preparer and is reviewed by the current superintendent who is a current year board member. The form 990 is available for all board members to review by email or hard copy.”

Pt VI, Line 19

“All governing documents, policies, and financial statements are available for public inspection at the administration building. The superintendent, treasurer, or his secretary has access to these forms and would make the forms available upon request.”

Raw XML Appendix291 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/LoanOutstandingInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
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IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/PYGrantsAndSimilarPaidAmt0130412
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE TAX RETURN PREPARER AND IS REVIEWED BY THE CURRENT SUPERINTENDENT WHO IS A CURRENT YEAR BOARD MEMBER. THE FORM 990 IS AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW BY EMAIL OR HARD COPY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03619725491
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-16
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ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0264157856
ReturnHeader/Filer/PhoneNum03619725491
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ReturnHeader/Filer/USAddress/CityNm0PALACIOS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01305 Seventh St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bay City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077414
ReturnHeader/PreparerPersonGrp/PhoneNum09792457201
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARRON PEREZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-01-17T08:01:32-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,715,515
Liabilities
$0
Net assets
$2,715,515
Revenue
$10,480
Expenses
$113,663
Net income
-$103,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.12$0.14$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.09$0.13$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.01$0.06$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.00$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.06$0.13$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.02$0.13$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.01$0.11$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.00$0.18$0.17