Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2019 • EIN 31-1807636

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 20, 2020

Organization ProfileN/A

Refreshing map…

2701 North A StreetMidland, TX 79705

(432) 695-9901

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

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

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

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

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

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

Top Officer Pay

81st percentile

$140,095

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 94.4% of source-year revenue.

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

Asset Growth

57th percentile

5.2%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

3.0%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$2,213,775

Up $110,211 (+5.2%) from 2018

Net Assets

Up

$2,201,598

Up $110,261 (+5.3%) from 2018

Liabilities

Down

$12,177

Down $50 (-0.4%) from 2018

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin96th percentile

Revenue

Up

$148,444

Up $4,287 (+3.0%) from 2018

Expenses

Down

$38,183

Down $249,044 (-87%) from 2018

Net Income

Up

$110,261

Up $253,331 (+177%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,907,913Liabilities 2010: $7,800Net Assets 2010: $1,900,1132010Assets 2012: $2,075,979Liabilities 2012: $5,666Net Assets 2012: $2,070,3132012Assets 2014: $2,350,752Liabilities 2014: $10,842Net Assets 2014: $2,339,9102014Assets 2015: $2,310,937Liabilities 2015: $16,513Net Assets 2015: $2,294,4242015Assets 2017: $2,243,497Liabilities 2017: $9,090Net Assets 2017: $2,234,4072017Assets 2018: $2,103,564Liabilities 2018: $12,227Net Assets 2018: $2,091,3372018Assets 2019: $2,213,775Liabilities 2019: $12,177Net Assets 2019: $2,201,5982019Assets 2020: $2,233,687Liabilities 2020: $7,369Net Assets 2020: $2,226,3182020Assets 2021: $2,790,228Liabilities 2021: $7,799Net Assets 2021: $2,782,4292021Assets 2022: $2,476,684Liabilities 2022: $8,799Net Assets 2022: $2,467,8852022

Highlighted filing

2019

Assets$2,213,775
Liabilities$12,177
Net Assets$2,201,598
Open 2019 Filing

Operations Trend

Revenue Growth47th percentile

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

$400K$200K$0-$200KExpenses 2010: $7,6092010Expenses 2012: $8,6702012Revenue 2014: $303,663Expenses 2014: $177,696Net Income 2014: $125,9672014Revenue 2015: $80,185Expenses 2015: $125,671Net Income 2015: -$45,4862015Revenue 2017: $300,955Expenses 2017: $270,147Net Income 2017: $30,8082017Revenue 2018: $144,157Expenses 2018: $287,227Net Income 2018: -$143,0702018Revenue 2019: $148,444Expenses 2019: $38,183Net Income 2019: $110,2612019Revenue 2020: $32,089Expenses 2020: $7,369Net Income 2020: $24,7202020Revenue 2021: $61,413Expenses 2021: $57,799Net Income 2021: $3,6142021Revenue 2022: $58,181Expenses 2022: $20,707Net Income 2022: $37,4742022

Highlighted filing

2019

Revenue$148,444
Expenses$38,183
Net Income$110,261
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 20, 2020
Return Version
2018v3.1
Gross Receipts
$148,444
Mission and Program Overview

Mission

The organization operates for the exclusive benefit of MARC, Inc. by making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.

The organization operates for the exclusive benefit of MARC, Inc. by managing endowment investments and making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,069,204$2,173,092▲ $103,888
Savings and Temporary Cash Investments$34,360$40,683▲ $6,323
Total Assets$2,103,564$2,213,775▲ $110,211
Liabilities
Accounts Payable and Accrued Expenses$12,227$12,177▼ $50
Total Liabilities$12,227$12,177▼ $50
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,808,977$1,855,558▲ $46,581
Unrestricted Net Assets$282,360$346,040▲ $63,680
Total Net Assets Fund Balance$2,091,337$2,201,598▲ $110,261
Total Liabilities and Net Assets / Fund Balance$2,103,564$2,213,775▲ $110,211

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,091,337$2,900▲ $145,544-$2,201,598
2017$2,234,407$3,835▲ $140,322-$2,091,337
2016$2,203,599$3,150▲ $297,805-$2,234,407
2015$2,294,424$1,425▼ $20,079-$2,203,599
2014$2,339,910$1,925▲ $78,260-$2,294,424
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleOtherTotal
Charlotte BoseckerExecutive Director$140,095$140,095

Board Members and Trustees

NameTitle
Garth WrightPresident
Gilbert AbilaVice President
Charlie DavidsonDirector
Michael CunninghamDirector
Michael KaufmanDirector
Tom HillSecretary
Andy ShafferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,900
Program Service Revenue
$0
Investment Income
$145,544
Other Revenue
$0
All Other Contributions
$2,900
Change in Net Assets
$110,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$148,444
Total Revenue per Audited Statements
$148,444
Total Revenue per Form 990
$148,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,956
Other Expenses$7,227
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,956--$30,956
Fees for Services Accounting-$5,000-$5,000
Insurance-$2,227-$2,227
Total Functional Expenses$30,956$7,227$0$38,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$38,183
Total Expenses per Audited Statements$38,183
Total Expenses per Form 990$38,183
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MARC IncMidland, TX501c3MARC Opportunity park maintenance$30,956
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 and audited financial statements are presented to the entire board at their regular scheduled meeting to review and approve prior to filing.”

Form 990, Part VI, Section C, Line 19

“Public documents are available upon request at the Organizations administrative offices in Midland, Texas.”

Filing and Contact Details

Filer

Filer Name
Marc Endowment Inc
EIN
31-1807636
Phone
4326959901
Address
2701 NORTH A STREET, MIDLAND, TX 79705

Signing Officer

Name
Charlotte Bosecker
Title
Executive Director
Signed
2020-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlotte Bosecker
Formed
2001
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
Supplemental Narrative

Financial Statement Notes

V 4

“The Organization manages the funds of the endowment for the exclusive benefit of MARC, Inc. The Organization makes grants to or for the benefit of MARC, Inc. from investment earnings.”

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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03835
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02091337
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0280000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0140322
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07590
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02203599
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03150
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02234407
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0262557
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0297805
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07171
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02294424
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01425
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02203599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt065000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-20079
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt05671
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02339910
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01925
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02294424
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt078260
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt038183
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.84000
IRS990ScheduleD/RevenueSubtotalAmt0148444
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization manages the funds of the endowment for the exclusive benefit of MARC, Inc. The Organization makes grants to or for the benefit of MARC, Inc. from investment earnings.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/TotalExpensesPerForm990Amt038183
IRS990ScheduleD/TotalRevenuePerForm990Amt0148444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0148444
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt038183
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt030956
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MARC Opportunity park maintenance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARC Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0751038411
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02701 North A St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Midland
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079705
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board of directors oversee grants by reviewing financial and accountability reports made with the funds awarded.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 and audited financial statements are presented to the entire board at their regular scheduled meeting to review and approve prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Public documents are available upon request at the Organizations administrative offices in Midland, Texas.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751038411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Programs for disabled
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Sec 170b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079705
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt030956
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt17277
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash grant
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual expenses paid for audit fees and director and officer insurance
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02103564
IRS990/TotalAssetsEOYAmt02213775
IRS990/TotalAssetsGrp/BOYAmt02103564
IRS990/TotalAssetsGrp/EOYAmt02213775
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02900
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030956
IRS990/TotalFunctionalExpensesGrp/TotalAmt038183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012227

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,213,775
Liabilities
$12,177
Net assets
$2,201,598
Revenue
$148,444
Expenses
$38,183
Net income
$110,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.01$2.47$0.06$0.02$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.01$2.78$0.06$0.06$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.01$2.23$0.03$0.01$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.01$2.20$0.15$0.04$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.01$2.09$0.14$0.29$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.01$2.23$0.30$0.27$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.31$0.02$2.29$0.08$0.13$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.01$2.34$0.30$0.18$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.01$2.07$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.01$1.90$0.01