Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2024 • EIN 31-1807636

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 24, 2025

Organization ProfileN/A

Refreshing map…

2701 North A StreetMidland, TX 79705

(432) 695-9001

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

3rd percentile

-93%

Higher net margin than 3% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$3,197,327

Up $720,643 (+29%) from 2022

Net Assets

Up

$3,197,327

Up $729,442 (+30%) from 2022

Liabilities

Down

$0

Down $8,799 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin3rd percentile

Revenue

Up

$158,365

Up $100,184 (+172%) from 2022

Expenses

Up

$306,318

Up $285,611 (+1379%) from 2022

Net Income

Down

-$147,953

Down $185,427 (-495%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$4.0M$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: $2,467,8852022Assets 2024: $3,197,327Liabilities 2024: $0Net Assets 2024: $3,197,3272024

Highlighted filing

2024

Assets$3,197,327
Liabilities$0
Net Assets$3,197,327
Open 2024 Filing

Operations Trend

Revenue Growth4th 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: $37,4742022Revenue 2024: $158,365Expenses 2024: $306,318Net Income 2024: -$147,9532024

Highlighted filing

2024

Revenue$158,365
Expenses$306,318
Net Income-$147,953
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 24, 2025
Return Version
2023v6.0
Gross Receipts
$246,636
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 engaging in activities that support or benefit marc, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,833,928$2,956,694▲ $122,766
Cash and Non-Interest-Bearing Accounts$0$240,633▲ $240,633
Savings and Temporary Cash Investments$26,751$0▼ $26,751
Total Assets$2,860,679$3,197,327▲ $336,648
Liabilities
Accounts Payable and Accrued Expenses$17,162$0▼ $17,162
Total Liabilities$17,162$0▼ $17,162
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,350,408$3,029,116▲ $678,708
Net Assets Without Donor Restrictions$493,109$168,211▼ $324,898
Total Net Assets Fund Balance$2,843,517$3,197,327▲ $353,810
Total Liabilities and Net Assets / Fund Balance$2,860,679$3,197,327▲ $336,648

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,843,517-▲ $651,765-$3,197,327
2022$2,467,885$273,394▲ $198,964-$2,843,517
2021$2,782,429-▼ $293,837-$2,467,885
2020$2,226,318$10,400▲ $603,510-$2,782,429
2019$2,201,598$7,400▲ $24,689-$2,226,318
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Andy ShafferPresident
Tom HillVice-president
Blake CauthenBoard Director
Brooks SitkaBoard Director
Clint WilliamsonBoard Director
Charlie DavidsonSecretary
Bob McnaughtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$158,365
Other Revenue
$0
Change in Net Assets
$-147,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$289,155
Other Expenses$17,163
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$289,155--$289,155
Other Expenses$8,363$8,800-$8,363
Total Functional Expenses$297,518$8,800$0$306,318
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marc IncMidland, TX501(c)(3)General Support$289,155
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
Business relationship with 35% controlled entity
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, Part VI, Section B, Line 11B

“The form 990 is presented to the entire board at their regular scheduled meeting to review and approve prior to filing.”

Form 990, Part VI, Section B, Line 12

“The organization is a supporting organization of marc, inc., as described in schedule a and schedule r. The policies and processes referenced in this section apply to marc, inc., as the supported organization. Marc endowment inc. Has no employees as the executive director of marc, inc. Serves in this capacity for both organizations as defined in the bylaws.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and form 990 are available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Marc Endowment Inc
EIN
31-1807636
Phone
4326959001
Address
2701 NORTH A STREET, MIDLAND, TX 79705

Signing Officer

Name
Angelia Price
Title
Finance Director
Phone
4326959001
Signed
2025-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelia Price
Formed
2001
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
Raw XML AppendixShowing 400 of 408 raw XML fields

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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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07369
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02201598
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt07400
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02226318
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024689
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94730
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0289155
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0751038411
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIDLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079705
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OVERSEES GRANTS BY REVIEWING FINANCIAL AND ACCOUNTABILITY REPORTS MADE WITH THE FUNDS AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD AT THEIR REGULAR SCHEDULED MEETING TO REVIEW AND APPROVE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF MARC, INC., AS DESCRIBED IN SCHEDULE A AND SCHEDULE R. THE POLICIES AND PROCESSES REFERENCED IN THIS SECTION APPLY TO MARC, INC., AS THE SUPPORTED ORGANIZATION. MARC ENDOWMENT INC. HAS NO EMPLOYEES AS THE EXECUTIVE DIRECTOR OF MARC, INC. SERVES IN THIS CAPACITY FOR BOTH ORGANIZATIONS AS DEFINED IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751038411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROGRAMS FOR DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 NORTH A ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079705
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0289155
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02860679
IRS990/TotalAssetsEOYAmt03197327
IRS990/TotalAssetsGrp/BOYAmt02860679
IRS990/TotalAssetsGrp/EOYAmt03197327
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08800
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0297518
IRS990/TotalFunctionalExpensesGrp/TotalAmt0306318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017162
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt017162
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02843517
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03197327
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0297518
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0158365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0158365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02860679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03197327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANGELIA PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04326959001
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARC ENDOWMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0MARC
ReturnHeader/Filer/EIN0311807636
ReturnHeader/Filer/PhoneNum04326959001
ReturnHeader/Filer/USAddress/AddressLine1Txt02701 NORTH A STREET
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079705
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752393478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITLEY PENN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0640 TAYLOR STREET SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,197,327
Liabilities
$0
Net assets
$3,197,327
Revenue
$158,365
Expenses
$306,318
Net income
-$147,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.16$0.31$0.15
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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