Civic Intelligence

Palacios Isd Educational Foundation

990 • Fiscal year 2017 • EIN 26-4157856

Sep 01, 2016 to Aug 31, 2017 • Filed on Dec 20, 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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-615%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

21st percentile

-4.3%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

79%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,599,957

Down $115,558 (-4.3%) from 2016

Net Assets

Down

$2,599,957

Down $115,558 (-4.3%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin1st percentile

Revenue

Up

$18,797

Up $8,317 (+79%) from 2016

Expenses

Up

$134,355

Up $20,692 (+18%) from 2016

Net Income

Down

-$115,558

Down $12,375 (-12%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2017

Assets$2,599,957
Liabilities$0
Net Assets$2,599,957
Open 2017 Filing

Operations Trend

Revenue Growth91st 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

2017

Revenue$18,797
Expenses$134,355
Net Income-$115,558
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Dec 20, 2017
Return Version
2016v3.0
Gross Receipts
$18,797
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$2,715,515$2,599,957▼ $115,558
Savings and Temporary Cash Investments$2,696,759$2,593,355▼ $103,404
Cash and Non-Interest-Bearing Accounts$18,756$6,602▼ $12,154
Total Assets$2,715,515$2,599,957▼ $115,558
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,715,515$2,599,957▼ $115,558
Total Liabilities and Net Assets / Fund Balance$2,715,515$2,599,957▼ $115,558
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Peter ZamarripaPresident
Stephen StuhrenbergVice-president
Herbert ResslerBoard Mbr
Alexandro FloresBoard Mbr/superintendent
Rob KesslerSecretary
James SchumannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$16,647
Other Revenue
$2,150
Change in Net Assets
$-115,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$133,580
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$133,580--$133,580
Fees for Services Accounting$0$775$0$775
Total Functional Expenses$133,580$775$0$134,355
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
2017-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandro Flores
Formed
2007
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
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. The superintendent will have a copy at the next regular board meeting on january 8, 2018.”

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 Appendix305 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT SUPPORT EDUCATIONAL/CULTURAL PROGRAMS AND SERVICES OF THE DISTRICT
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JAMES SCHUMANN
IRS990/BooksInCareOfDetail/PhoneNum03619725491
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01209 12TH ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0PALACIOS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077465
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt018756
IRS990/CashNonInterestBearingGrp/EOYAmt06602
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0133580
IRS990/CYInvestmentIncomeAmt016647
IRS990/CYOtherExpensesAmt0775
IRS990/CYOtherRevenueAmt02150
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-115558
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0134355
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018797
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0SCHOLARSHIPS WERE GIVEN TO PALACIOS ISD STUDENTS FOR ADVANCEMENT, ACHIEVEMENT, AND SUPPORT OF THE EDUCATIONAL AND CULTURAL PROGRAMS AND SERVICES OF THE DISTRICT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0133580
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0775
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt0775
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0PETER ZAMARRIPA
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN STUHRENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES SCHUMANN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB KESSLER
IRS990/Form990PartVIISectionAGrp/PersonNm4ALEXANDRO FLORES
IRS990/Form990PartVIISectionAGrp/PersonNm5HERBERT RESSLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MBR/SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MBR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0133580
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0133580
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0133580
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0true
IRS990/GrossReceiptsAmt018797
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016647
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02715515
IRS990/NetAssetsOrFundBalancesEOYAmt02599957
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0REFUND OF SCHOLARSHIPS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02150
IRS990/OtherRevenueTotalAmt02150
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ALEXANDRO FLORES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0112888
IRS990/PYInvestmentIncomeAmt07267
IRS990/PYOtherExpensesAmt0775
IRS990/PYOtherRevenueAmt03213
IRS990/PYRevenuesLessExpensesAmt0-103183
IRS990/PYTotalExpensesAmt0113663
IRS990/PYTotalRevenueAmt010480
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-115558
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018797
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02715515
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02599957
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02696759
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02593355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016647
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01785
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03390
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt030588
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016647
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01785
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt030588
IRS990ScheduleA/InvestmentIncomeCYPct00.99670
IRS990ScheduleA/InvestmentIncomePYPct00.99450
IRS990ScheduleA/PrivateFoundation509Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.00330
IRS990ScheduleA/PublicSupportPY509Pct00.00550
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0100
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/Total509Grp/TotalAmt0100
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt030688
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0133580
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0106
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt02000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0AUDRY KESSLER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0FATHER IS ROB KESSLER, SECR OF FDN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0CASH
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. THE GOVERNING BODY MEETS AND DISCUSSES ALL ISSUES.
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. THE SUPERINTENDENT WILL HAVE A COPY AT THE NEXT REGULAR BOARD MEETING ON JANUARY 8, 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02715515
IRS990/TotalAssetsEOYAmt02599957
IRS990/TotalAssetsGrp/BOYAmt02715515
IRS990/TotalAssetsGrp/EOYAmt02599957
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133580
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134355
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02715515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02599957
IRS990/TotalProgramServiceExpensesAmt0133580
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018797
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02715515
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02599957
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01209 12TH ST
IRS990/USAddress/CityNm0PALACIOS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077465
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDRO FLORES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT/BOARD MBR
ReturnHeader/BusinessOfficerGrp/PhoneNum03619725491
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALACIOS ISD EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0264157856
ReturnHeader/Filer/PhoneNum03619725491
ReturnHeader/Filer/USAddress/AddressLine1Txt01209 12TH ST
ReturnHeader/Filer/USAddress/CityNm0PALACIOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077465
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B118521DF5158262A4E2CB6B7502472DF7DF7981
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B118521DF5158262A4E2CB6B7502472DF7DF7981
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.221.191.155
ReturnHeader/FilingSecurityInformation/IPDt02017-12-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm013:50:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sharron's Bookkeeping and Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01305 Seventh St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bay City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077414
ReturnHeader/PreparerPersonGrp/PhoneNum09792457201
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARRON PEREZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-20T13:50:56-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,599,957
Liabilities
$0
Net assets
$2,599,957
Revenue
$18,797
Expenses
$134,355
Net income
-$115,558
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