Civic Intelligence

The Houston Parks Board Foundation

990 • Fiscal year 2017 • EIN 27-4576670

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

300 N Post Oak LaneHouston, TX 77024

(713) 942-8500

Siviq Scores

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

Liabilities / Assets

39th percentile

0.09x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.61x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$169,879

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 87.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

157%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,851,232

Up $633,149 (+12%) from 2016

Net Assets

Up

$5,344,038

Up $627,272 (+13%) from 2016

Liabilities

Up

$507,194

Up $5,877 (+1.2%) from 2016

Revenue

Up

$194,629

Up $118,767 (+157%) from 2016

Expenses

Down

$31,003

Down $253,474 (-89%) from 2016

Net Income

Up

$163,626

Up $372,241 (+178%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $4,542,650Liabilities 2012: $50,326Net Assets 2012: $4,492,3242012Assets 2013: $4,946,607Liabilities 2013: $255,461Net Assets 2013: $4,691,1462013Assets 2014: $5,438,552Liabilities 2014: $11,175Net Assets 2014: $5,427,3772014Assets 2015: $5,453,390Liabilities 2015: $255,888Net Assets 2015: $5,197,5022015Assets 2016: $5,218,083Liabilities 2016: $501,317Net Assets 2016: $4,716,7662016Assets 2017: $5,851,232Liabilities 2017: $507,194Net Assets 2017: $5,344,0382017Assets 2018: $6,237,922Liabilities 2018: $474,468Net Assets 2018: $5,763,4542018Assets 2019: $6,526,264Liabilities 2019: $474,177Net Assets 2019: $6,052,0872019Assets 2020: $6,468,046Liabilities 2020: $476,261Net Assets 2020: $5,991,7852020Assets 2021: $8,208,359Liabilities 2021: $486,332Net Assets 2021: $7,722,0272021Assets 2022: $7,368,816Liabilities 2022: $490,113Net Assets 2022: $6,878,7032022

Highlighted filing

2017

Assets$5,851,232
Liabilities$507,194
Net Assets$5,344,038

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $97,3952012Expenses 2013: $241,6652013Revenue 2014: $458,043Expenses 2014: $44,031Net Income 2014: $414,0122014Revenue 2015: $312,336Expenses 2015: $291,242Net Income 2015: $21,0942015Revenue 2016: $75,862Expenses 2016: $284,477Net Income 2016: -$208,6152016Revenue 2017: $194,629Expenses 2017: $31,003Net Income 2017: $163,6262017Revenue 2018: $1,138,887Expenses 2018: $38,429Net Income 2018: $1,100,4582018Revenue 2019: $268,739Expenses 2019: $40,166Net Income 2019: $228,5732019Revenue 2020: $182,094Expenses 2020: $41,257Net Income 2020: $140,8372020Revenue 2021: $307,634Expenses 2021: $40,677Net Income 2021: $266,9572021Revenue 2022: $514,119Expenses 2022: $45,158Net Income 2022: $468,9612022

Highlighted filing

2017

Revenue$194,629
Expenses$31,003
Net Income$163,626
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$1,456,784
Mission and Program Overview

Mission

The Houston Parks Board Foundation was created for the benefit of the Houston Parks Board ("HPB") through fundraising and support for city park programs.

The Houston Parks Board Foundation supports Houston Parks Board ("HPB") by holding and managing its endowment funds and providing financial assistance in the form of grants to HPB as needed by HPB to support park programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,110,777$5,851,232▲ $740,455
Savings and Temporary Cash Investments$107,306$0▼ $107,306
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,218,083$5,851,232▲ $633,149
Other Assets Total-$0-
Liabilities
Other Liabilities-$507,194-
Grants Payable$481,000--
Accounts Payable and Accrued Expenses$20,317--
Total Liabilities$501,317$507,194▲ $5,877
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,706,000$2,706,000→ $0
Temporarily Rstr Net Assets$1,888,912$2,505,704▲ $616,792
Unrestricted Net Assets$121,854$132,334▲ $10,480
Total Net Assets Fund Balance$4,716,766$5,344,038▲ $627,272
Total Liabilities and Net Assets / Fund Balance$5,218,083$5,851,232▲ $633,149

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,594,912-▲ $641,269-$5,211,704
2015$5,050,577-▼ $190,712-$4,594,912
2014$5,256,560-▲ $59,435-$5,050,577
2013$4,534,769-▲ $754,252-$5,256,560
2012$4,341,199-▲ $422,601-$4,534,769
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jeri NordbrockHpb CFO$144,043$144,043

Board Members and Trustees

NameTitle
Brady CarruthChairman
Andrew PriceDirector
Don Stephen AronDirector
Robert A Rowland IIIDirector
Thomas W FlahertyDirector
Beth WhiteHPB Pres & CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$194,629
Other Revenue
$0
Change in Net Assets
$163,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$194,629
Total Revenue per Audited Statements
$194,629
Total Revenue per Form 990
$194,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$25,126-$25,126
Fees for Services Other-$5,877-$5,877
Total Functional Expenses$0$31,003$0$31,003

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,003
Total Expenses per Audited Statements$31,003
Total Expenses per Form 990$31,003
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Houston Parks Board LGC, Inc.$507,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed by HPB's CFO and President then distributed to the Board of Directors prior to filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The members of the Board of Directors are required to fill out or update a Conflict of Interest Survey annually. The HPB management then reviews the completed surveys for conflicts. If there are conflicts, they are reported to the Chairman and President of the Board of the HPB Foundation. Should a conflict arise during the year, the Director is required to report the conflict to the Chairman of the Board of the HPB Foundation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflict of interest policies, and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Houston Parks Board Foundation
EIN
27-4576670
Phone
7139428500
Address
300 N Post Oak Lane, Houston, TX 77024

Signing Officer

Name
Jeri Nordbrock
Title
CFO
Signed
2018-05-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Beth White
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To provide support for the Houston Parks Board and its related programs.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To provide support for the Houston Parks Board and its related programs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt03704
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Beth White
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HPB Pres & CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by HPB's CFO and President then distributed to the Board of Directors prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the Board of Directors are required to fill out or update a Conflict of Interest Survey annually. The HPB management then reviews the completed surveys for conflicts. If there are conflicts, they are reported to the Chairman and President of the Board of the HPB Foundation. Should a conflict arise during the year, the Director is required to report the conflict to the Chairman of the Board of the HPB Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, conflict of interest policies, and audited financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support of Houston area park system
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(a)(1)
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