Civic Intelligence

Palacios Isd Educational Foundation

990 • Fiscal year 2019 • EIN 26-4157856

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 09, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-124%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

28th percentile

-2.6%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

91st percentile

75%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$2,466,663

Down $133,294 (-5.1%) from 2017

Net Assets

Down

$2,466,663

Down $133,294 (-5.1%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin2nd percentile

Revenue

Up

$57,249

Up $38,452 (+205%) from 2017

Expenses

Down

$127,996

Down $6,359 (-4.7%) from 2017

Net Income

Up

-$70,747

Up $44,811 (+39%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2019

Assets$2,466,663
Liabilities$0
Net Assets$2,466,663
Open 2019 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

2019

Revenue$57,249
Expenses$127,996
Net Income-$70,747
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 9, 2020
Return Version
2018v3.1
Gross Receipts
$57,249
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$2,537,410$2,466,663▼ $70,747
Savings and Temporary Cash Investments$2,510,168$2,422,367▼ $87,801
Cash and Non-Interest-Bearing Accounts$27,242$44,296▲ $17,054
Total Assets$2,537,410$2,466,663▼ $70,747
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,537,410$2,466,663▼ $70,747
Total Liabilities and Net Assets / Fund Balance$2,537,410$2,466,663▼ $70,747
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Peter ZamarripaPresident
Stephen StuhrenbergVice-president
Herbert ResslerBoard Mbr
Dr Missy GlennBoard Mbr/superintendent
Rob KesslerSecretary
Sheena JoslynTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$57,214
Other Revenue
$35
Change in Net Assets
$-70,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,221
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 Orgs$65,000--$65,000
Grants to Domestic Individuals$62,221--$62,221
Fees for Services Accounting$0$775$0$775
Total Functional Expenses$127,221$775$0$127,996
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Palacios IsdPalacios, TX-Educational$65,000
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
Herbert Ressler
Title
Board Member
Phone
3619725491
Signed
2020-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Zamarripa
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 and 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 secretary has access to these forms and would make the forms available upon request.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE TAX RETURN PREPARER AND IS REVIEWED BY THE CURRENT SUPERINTENDENT AND A CURRENT YEAR BOARD MEMBER. THE FORM 990 IS AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW BY EMAIL OR HARD COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ADMINISTRATION BUILDING. THE SUPERINTENDENT, TREASURER, OR SECRETARY HAS ACCESS TO THESE FORMS AND WOULD MAKE THE FORMS AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
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ReturnHeader/FilingSecurityInformation/IPDt02020-01-10
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ReturnHeader/FilingSecurityInformation/IPTm013:56:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sharron's Bookkeeping and Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01305 Seventh St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bay City
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-10
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ReturnHeader/ReturnTs02020-01-10T13:57:00-08:00
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ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

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
$2,466,663
Liabilities
$0
Net assets
$2,466,663
Revenue
$57,249
Expenses
$127,996
Net income
-$70,747
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