Civic Intelligence

Lotus Lane Foundation Co Trey Denman

990 • Fiscal year 2017 • EIN 27-0077686

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization ProfileN/A
736 Crown Colony DrLufkin, TX 75901

(936) 634-2529

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-35171%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$927,097

Down $499,779 (-35%) from 2016

Net Assets

Down

$927,097

Down $499,779 (-35%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin1st percentile

Revenue

Down

$1,421

Down $1,137,655 (-100%) from 2016

Expenses

Up

$501,200

Up $459,564 (+1104%) from 2016

Net Income

Down

-$499,779

Down $1,597,219 (-146%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $425,425Liabilities 2012: $64,176Net Assets 2012: $361,2492012Assets 2013: $360,657Liabilities 2013: $59,804Net Assets 2013: $300,8532013Assets 2014: $375,787Liabilities 2014: $52,750Net Assets 2014: $323,0372014Assets 2015: $387,858Liabilities 2015: $116,115Net Assets 2015: $271,7432015Assets 2016: $1,426,876Liabilities 2016: $0Net Assets 2016: $1,426,8762016Assets 2017: $927,097Liabilities 2017: $0Net Assets 2017: $927,0972017Assets 2018: $31,069Liabilities 2018: $0Net Assets 2018: $31,0692018Assets 2019: $30,896Liabilities 2019: $0Net Assets 2019: $30,8962019Assets 2020: $30,669Liabilities 2020: $0Net Assets 2020: $30,6692020

Highlighted filing

2017

Assets$927,097
Liabilities$0
Net Assets$927,097
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $119,2922012Revenue 2013: $75,023Expenses 2013: $135,419Net Income 2013: -$60,3962013Revenue 2014: $150,617Expenses 2014: $128,433Net Income 2014: $22,1842014Revenue 2015: $102,172Expenses 2015: $153,466Net Income 2015: -$51,2942015Revenue 2016: $1,139,076Expenses 2016: $41,636Net Income 2016: $1,097,4402016Revenue 2017: $1,421Expenses 2017: $501,200Net Income 2017: -$499,7792017Revenue 2018: $4,822Expenses 2018: $900,850Net Income 2018: -$896,0282018Revenue 2019: $177Expenses 2019: $350Net Income 2019: -$1732019Revenue 2020: $48Expenses 2020: $275Net Income 2020: -$2272020

Highlighted filing

2017

Revenue$1,421
Expenses$501,200
Net Income-$499,779
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,421
Mission and Program Overview

Mission

Provided safe, clean, low income housing to the residents of angelina county, texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,426,876$927,097▼ $499,779
Total Assets$1,426,876$927,097▼ $499,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,426,876$927,097▼ $499,779
Total Net Assets Fund Balance$1,426,876$927,097▼ $499,779
Total Liabilities and Net Assets / Fund Balance$1,426,876$927,097▼ $499,779
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Joe Carter Denman IiiChairman
Bill RicksDirector
Bonnie DenmanDirector
Gale WassonDirector
James RiggsDirector
Jerry HuffmanDirector
Terry MorganDirector
Thomas MooreSecretary
Ray ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,421
Other Revenue
$0
Change in Net Assets
$-499,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,000
Other Expenses$1,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,000--$500,000
Fees for Services Accounting-$1,200-$1,200
Total Functional Expenses$500,000$1,200$0$501,200
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Angelina County Chamber of Commerce---$250,000
Lufkin Angelina County Economic Dev---$250,000
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
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Form 990 is reviewed and approved by the board of directors prior to submission”

Form 990, Page 6, Part VI, Line 18

“Organization does not proactivley provide such documentation to public.”

Form 990, Page 6, Part VI, Line 19

“Organization does not proactively provide such documentation to public.”

Filing and Contact Details

Filer

Filer Name
Lotus Lane Foundation
EIN
27-0077686
Phone
9366342529
Address
736 CROWN COLONY DR, LUFKIN, TX 75901

Signing Officer

Name
Joe Carter Denman Iii
Title
Chairman
Phone
9366342529
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Carter Denman Iii
Formed
1973
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Axley & Rode Llp
Address
PO BOX 1388, LUFKIN, TX 75902-1388
Preparer
Molly Abele CPA
Phone
9366346621
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Professional standards require recognition, measurement, and disclosure of uncertain tax positions. The trust currently accounts for uncertain tax positions based on the estimated likelihood of assessment and has not determined that any tax positions require an accrual based on current standards of accounting.”

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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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ReturnHeader/FilingSecurityInformation/IPTm015:42:19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1388
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ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$927,097
Liabilities
$0
Net assets
$927,097
Revenue
$1,421
Expenses
$501,200
Net income
-$499,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.90$0.90
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.00$0.50$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$1.14$0.04$1.10
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.12$0.27$0.10$0.15$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.05$0.32$0.15$0.13$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$0.08$0.14$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.06$0.36$0.12