Civic Intelligence

The Marc Endowment Inc

EIN 31-1807636 • 501(c)3 • Midland, TX

Profile

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.

Refreshing map…

2701 North A StreetMidland, TX 79705
Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

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

Liabilities / Revenue

20th percentile

0.00x

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

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

Net Margin

4th percentile

-93%

Higher net margin than 4% of similar nonprofits.

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.

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

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$2,476,684

Down $313,544 (-11%) from 2021

Liabilities

Up

$8,799

Up $1,000 (+13%) from 2021

Net Assets

Down

$2,467,885

Down $314,544 (-11%) from 2021

Operations
Liabilities / Revenue20th percentileNet Margin4th percentile

Revenue

Down

$58,181

Down $3,232 (-5.3%) from 2021

Expenses

Down

$20,707

Down $37,092 (-64%) from 2021

Net Income

Up

$37,474

Up $33,860 (+937%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$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

2022

Assets$2,476,684
Liabilities$8,799
Net Assets$2,467,885
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest 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

2022

Revenue$58,181
Expenses$20,707
Net Income$37,474
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$2,476,684
Liabilities
$8,799
Net assets
$2,467,885
Revenue
$58,181
Expenses
$20,707
Net income
$37,474
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
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
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 24, 2021
Return Version
2019v5.1
Gross Receipts
$32,089
Mission and Program Overview

Mission

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.

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$2,173,092$2,197,100▲ $24,008
Savings and Temporary Cash Investments$40,683$36,587▼ $4,096
Total Assets$2,213,775$2,233,687▲ $19,912
Liabilities
Accounts Payable and Accrued Expenses$12,177$7,369▼ $4,808
Total Liabilities$12,177$7,369▼ $4,808
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,855,558$1,892,669▲ $37,111
Net Assets Without Donor Restrictions$346,040$333,649▼ $12,391
Total Net Assets Fund Balance$2,201,598$2,226,318▲ $24,720
Total Liabilities and Net Assets / Fund Balance$2,213,775$2,233,687▲ $19,912

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,201,598$7,400▲ $24,689-$2,226,318
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
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleOtherTotal
Charlotte BoseckerExecutive Director$138,996$138,996

Board Members and Trustees

NameTitle
Gilbert AbilaPresident
Andy ShafferVice President
Blake CauthenDirector
Bob McnaughtonDirector
Garth WrightDirector
Tom HillSecretary
Charlie DavidsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,400
Program Service Revenue
$0
Investment Income
$24,689
Other Revenue
$0
All Other Contributions
$7,400
Change in Net Assets
$24,720

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,089
Total Revenue per Audited Statements
$32,089
Total Revenue per Form 990
$32,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,369
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 Services Accounting-$5,000-$5,000
Insurance-$2,369-$2,369
Total Functional Expenses$0$7,369$0$7,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,369
Total Expenses per Audited Statements$7,369
Total Expenses per Form 990$7,369
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 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 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 B, Line 12 thru 15

“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. The 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 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
2021-03-24
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 Board of Directors makes discretionary grants to or for the benefit of MARC, Inc.from investment earnings.”

Raw XML AppendixShowing 400 of 424 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.

Path#Value
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IRS990/AdvertisingGrp/TotalAmt00
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07400
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt032089
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/DescribedInSection501c3Ind0true
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IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
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IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05000
IRS990/FeesForServicesAccountingGrp/TotalAmt05000
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
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IRS990/ForeignFinancialAccountInd0false
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IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt010910
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IRS990/Form990PartVIISectionAGrp/PersonNm1GILBERT ABILA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.15000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07369
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02201598
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07400
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt07227
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02091337
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02900
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02203599
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt07369
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.85000
IRS990ScheduleD/RevenueSubtotalAmt032089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization manages the funds of the endowment for the exclusive benefit of MARC, Inc. The Board of Directors makes discretionary grants to or for the benefit of MARC, Inc.from investment earnings.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/TotalExpensesPerForm990Amt07369
IRS990ScheduleD/TotalRevenuePerForm990Amt032089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt032089
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07369
IRS990/ScheduleJRequiredInd0false
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/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. The 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/ExplanationTxt2Public 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 B, Line 12 thru 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751038411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Programs for disabled
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Sec 170b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt012177
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Reimburse actual costs for audit fee and DO insurance
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07400
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032089
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IRS990/TotReportableCompRltdOrgAmt0128086
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990/USAddress/CityNm0MIDLAND
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IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charlotte Bosecker

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