Civic Intelligence

Walter Hightower Foundation

EIN 30-0176957 • 501(c)3 • El Paso, TX

Profile

To provide direct support to the el paso community foundation in order to provide medical care and treatment of crippled children in the west texas and southern new mexico area.

333 N Oregon St 2nd FloorEl Paso, TX 79901

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

7th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

1st percentile

-1346%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$232,716

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 30.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

20%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $10,579,575 (-100%) from 2015

Liabilities

Down

$0

Down $6,483 (-100%) from 2015

Net Assets

Down

$0

Down $10,573,092 (-100%) from 2015

Revenue

Up

$759,073

Up $127,547 (+20%) from 2015

Expenses

Up

$10,979,184

Up $10,446,955 (+1963%) from 2015

Net Income

Down

-$10,220,111

Down $10,319,408 (-10392%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $9,521,997Liabilities 2010: $5,822Net Assets 2010: $9,516,1752010Assets 2011: $9,136,506Liabilities 2011: $5,591Net Assets 2011: $9,130,9152011Assets 2012: $9,694,122Liabilities 2012: $5,778Net Assets 2012: $9,688,3442012Assets 2013: $11,082,247Liabilities 2013: $6,691Net Assets 2013: $11,075,5562013Assets 2014: $11,322,615Liabilities 2014: $6,792Net Assets 2014: $11,315,8232014Assets 2015: $10,579,575Liabilities 2015: $6,483Net Assets 2015: $10,573,0922015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2010: $507,8832010Expenses 2011: $482,8112011Expenses 2012: $503,5822012Revenue 2013: $606,738Expenses 2013: $471,560Net Income 2013: $135,1782013Revenue 2014: $1,788,255Expenses 2014: $511,028Net Income 2014: $1,277,2272014Revenue 2015: $631,526Expenses 2015: $532,229Net Income 2015: $99,2972015Revenue 2016: $759,073Expenses 2016: $10,979,184Net Income 2016: -$10,220,1112016

Highlighted filing

2016

Revenue$759,073
Expenses$10,979,184
Net Income-$10,220,111

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 26, 2017
Return Version
2016v3.0
Gross Receipts
$13,973,805
Mission and Program Overview

Mission

To provide direct support to the el paso community foundation in order to provide medical care and treatment of crippled children in the west texas and southern new mexico area.

To provide direct support to the el paso community foundation in order to provide aid to crippled children in the west texas and southern new mexico area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,364,333--
Cash and Non-Interest-Bearing Accounts$194,903--
Prepaid Expenses and Deferred Charges$1,593--
Total Assets$10,579,575$0▼ $10,579,575
Other Assets Total$18,746--
Liabilities
Accounts Payable and Accrued Expenses$6,483--
Total Liabilities$6,483$0▼ $6,483
Net Assets / Fund Balance
Unrestricted Net Assets$10,573,092--
Total Net Assets Fund Balance$10,573,092$0▼ $10,573,092
Total Liabilities and Net Assets / Fund Balance$10,579,575$0▼ $10,579,575
Compensation and Service Providers

Employees

NameTitleOtherTotal
Amanda FernandezDirector$29,425$29,425

Board Members and Trustees

NameTitle
Leigh BlossPresident
Eric PearsonDirector
Joe AlcantarDirector
John Mc KeeDirector
Mary HolguinDirector
Patricia BurdickTreasurer /s
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$759,073
Other Revenue
$0
Change in Net Assets
$-10,220,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,877,014
Other Expenses$102,170
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,877,014--$10,877,014
Fees for Service Investment Mgmnt Fees-$72,869-$72,869
Fees for Services Other-$15,000-$15,000
Fees for Services Accounting-$7,300-$7,300
Fees for Services Legal-$5,408-$5,408
Insurance-$1,593-$1,593
Total Functional Expenses$10,877,014$102,170$0$10,979,184
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
El Paso Community FoundationEl Paso, TX501c3Disabled Children$439,526
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Amanda fernandez joe alcantar admin. Asst. Director el paso comm. Fdn. - business amanda fernandez mary holguin admin. Asst. Director el paso comm. Fdn. - business amanda fernandez leigh bloss admin. Asst. Director el paso comm. Fdn. - business amanda fernandez john mc kee admin. Asst. Director el paso comm. Fdn. - business amanda fernandez eric pearson admin. Asst. Ceo el paso comm. Fdn - business eric pearson joe alcantar ceo director el paso comm. Fdn. - business eric pearson mary holguin ceo director el paso comm. Fdn. - business eric pearson leigh bloss ceo director el paso comm. Fdn. - business eric pearson john mc kee ceo director el paso comm. Fdn. - business

Form 990, Page 6, Part VI, Line 11B

Each board member is provided a copy of form 990. After review and approval, the return is filed.

Form 990, Page 6, Part VI, Line 12C

The organization reviews its conflict of interest policy and compliance with the policy during regular meetings of the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the general public on request. Requests are made in person during regular business hours at the administrative offices.

Filing and Contact Details

Filer

Filer Name
Walter Hightower Foundation
EIN
30-0176957
Phone
9155334020
Address
333 N OREGON ST 2ND FLOOR, EL PASO, TX 79901

Signing Officer

Name
Leigh Bloss
Title
President
Phone
9155334020
Signed
2017-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leigh Bloss
Formed
1987
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
Gibson Ruddock Patterson LLC
Address
600 SUNLAND PARK DR STE 6-300, EL PASO, TX 79912-5167
Preparer
James a Beale
Phone
9153563700
Supplemental Narrative

Additional Explanations

Form 990

Dissolution of the walter hightower foundation: upon receipt of judicial order approving the distribution of its assets to the el paso community foundation, its supported organization, and upon compliance with the other provisions of its organizational documents, the walter hightower foundation dissolved, effective december 15, 2016. See attached judicial order, certificate of termination and certificate of correction.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PURSUANT TO IRS DETERMINATION LETTER DATED AUGUST 14, 2009, THE WALTER HIGHTOWER FOUNDATION WAS CLASSIFIED AS A TYPE II SUPPORTING ORGANIZATION. PURSUANT TO ARTICLE 4.02 OF THE SECOND AMENDED AND RESTATED BYLAWS OF THE WALTER H. HIGHTOWER FOUNDATION (DATED JUNE 9, 2010), NO LESS THAN A SIMPLE MAJORITY OF THE BOARD OF DIRECTORS OF THE HIGHTOWER FOUNDATION SHALL AT ALL TIMES CONSIST OF PERSONS WHO ARE DIRECTORS OF THE EL PASO COMMUNITY FOUNDATION (THE SUPPORTED ORGANIZATION). IN ADDITION TO THIS GENERAL GOVERNANCE POWER OF THE EL PASO COMMUNITY FOUNDATION TO ENSURE THAT THE HIGHTOWER FOUNDATION IS SUPERVISED OR CONTROLLED IN CONNECTION WITH THE ACTIVITIES OF THE EL PASO COMMUNITY FOUNDATION, SPECIFIC POWERS ARE ACCORDED TO THE EL PASO COMMUNITY FOUNDATION THROUGH A 2006 AGREEMENT ESTABLISHING THE SUPPORTING ORGANIZATION RELATIONSHIP. SPECIFICALLY, THE AGREEMENT PROVIDES THAT THE BOARD OF DIRECTORS OF THE EL PASO COMMUNITY FOUNDATION SHALL BE RESPONSIBLE FOR: (A) OVERSEEING AND MONITORING THE INVESTMENT POLICIES OF THE HIGHTOWER FOUNDATION FOR THE PURPOSES OF ENSURING THAT THE HIGHTOWER FOUNDATION MAINTAINS ITS SUPPORTING ORGANIZATION STATUS. (B) SUPERVISING THE ACTIVITIES OF THE HIGHTOWER FOUNDATION IN REGARD TO THE PROMOTION OF ITS CHARITABLE PURPOSES AS SET OUT IN ITS ORGANIZATIONAL DOCUMENTS. (C) MAINTAINING A CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE TWO ORGANIZATIONS. (D) PROVIDING THAT DEGREE OF COMMON SUPERVISION AND CONTROL OF BOTH ORGANIZATIONS TO ENSURE THE RESPONSIVENESS OF THE HIGHTOWER FOUNDATION TO THE NEEDS OF EL PASO COMMUNITY FOUNDATION; AND (E) ENSURING THAT THE HIGHTOWER FOUNDATION CONSTITUTES AT THE VERY LEAST AN INTEGRAL PART OF EPCF SO AS TO MAINTAIN A SIGNIFICANT INVOLVEMENT BY THE HIGHTOWER FOUNDATION IN THE OPERATION OF EL PASO COMMUNITY FOUNDATION AS IT CARRIES OUT ITS PUBLIC PURPOSES.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT REQUESTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. RECORDS OF PAYMENTS ARE KEPT AT THE ADMINISTRATIVE OFFICES.
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SECURITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LEGAL FEES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-12-14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12020-11-17
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt15408
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1PLLC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0QUOTATIONS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1HRLY RATE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0EL PASO COMMUNITY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1DARRON POWELL PLLC
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE BELOW LISTED DIRECTORS AND THE CEO OF THE TRANSFEREE ORGANIZATION, THE EL PASO COMMUNITY FOUNDATION, WERE SERVING AS DIRECTORS AND CEO OF THE TRANSFEREE ORGANIZATION PRIOR TO THE DISSOLUTION OF THE WALTER H. HIGHTOWER FOUNDATION. FOUR DIRECTORS OF THE WALTER H. HIGHTOWER FOUNDATION -- LEIGH BLOSS, JOHN MCKEE, JOE ALCANTAR AND MARY HOLGUIN, ARE ALSO DIRECTORS OF THE TRANSFEREE ORGANIZATION. ONE DIRECTOR OF THE WALTER H. HIGHTOWER FOUNDATION -- ERIC PEARSON, IS THE CEO FOR THE TRANSFEREE ORGANIZATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISSOLUTION OF THE WALTER HIGHTOWER FOUNDATION: UPON RECEIPT OF JUDICIAL ORDER APPROVING THE DISTRIBUTION OF ITS ASSETS TO THE EL PASO COMMUNITY FOUNDATION, ITS SUPPORTED ORGANIZATION, AND UPON COMPLIANCE WITH THE OTHER PROVISIONS OF ITS ORGANIZATIONAL DOCUMENTS, THE WALTER HIGHTOWER FOUNDATION DISSOLVED, EFFECTIVE DECEMBER 15, 2016. SEE ATTACHED JUDICIAL ORDER, CERTIFICATE OF TERMINATION AND CERTIFICATE OF CORRECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMANDA FERNANDEZ JOE ALCANTAR ADMIN. ASST. DIRECTOR EL PASO COMM. FDN. - BUSINESS AMANDA FERNANDEZ MARY HOLGUIN ADMIN. ASST. DIRECTOR EL PASO COMM. FDN. - BUSINESS AMANDA FERNANDEZ LEIGH BLOSS ADMIN. ASST. DIRECTOR EL PASO COMM. FDN. - BUSINESS AMANDA FERNANDEZ JOHN MC KEE ADMIN. ASST. DIRECTOR EL PASO COMM. FDN. - BUSINESS AMANDA FERNANDEZ ERIC PEARSON ADMIN. ASST. CEO EL PASO COMM. FDN - BUSINESS ERIC PEARSON JOE ALCANTAR CEO DIRECTOR EL PASO COMM. FDN. - BUSINESS ERIC PEARSON MARY HOLGUIN CEO DIRECTOR EL PASO COMM. FDN. - BUSINESS ERIC PEARSON LEIGH BLOSS CEO DIRECTOR EL PASO COMM. FDN. - BUSINESS ERIC PEARSON JOHN MC KEE CEO DIRECTOR EL PASO COMM. FDN. - BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS PROVIDED A COPY OF FORM 990. AFTER REVIEW AND APPROVAL, THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REVIEWS ITS CONFLICT OF INTEREST POLICY AND COMPLIANCE WITH THE POLICY DURING REGULAR MEETINGS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. REQUESTS ARE MADE IN PERSON DURING REGULAR BUSINESS HOURS AT THE ADMINISTRATIVE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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