Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2014 • EIN 31-1807636

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

Organization ProfileN/A
2701 North A Street79705

(432) 498-8590

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

30th percentile

0.04x

Higher debt load relative to revenue than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

77th percentile

$118,781

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 39.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

62nd percentile

5.9%

Faster asset growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$2,350,752

Up $274,773 (+13%) from 2012

Net Assets

Up

$2,339,910

Up $269,597 (+13%) from 2012

Liabilities

Up

$10,842

Up $5,176 (+91%) from 2012

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin89th percentile

Revenue

$303,663

No earlier filing loaded for comparison.

Expenses

Up

$177,696

Up $169,026 (+1950%) from 2012

Net Income

$125,967

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2014

Assets$2,350,752
Liabilities$10,842
Net Assets$2,339,910
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2014

Revenue$303,663
Expenses$177,696
Net Income$125,967
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$303,663
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 making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc. The board of directors manages an endowment fund with a portfolio of debt and equity securities, CDs, and cash.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,861,760$2,303,977▲ $442,217
Savings and Temporary Cash Investments$357,354$46,775▼ $310,579
Total Assets$2,219,114$2,350,752▲ $131,638
Liabilities
Accounts Payable and Accrued Expenses$5,171$10,842▲ $5,671
Total Liabilities$5,171$10,842▲ $5,671
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,582,984$1,614,754▲ $31,770
Unrestricted Net Assets$630,959$725,156▲ $94,197
Total Net Assets Fund Balance$2,213,943$2,339,910▲ $125,967
Total Liabilities and Net Assets / Fund Balance$2,219,114$2,350,752▲ $131,638

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,213,943$1,100▲ $302,563$172,000$2,339,910
2012$2,070,313-▲ $231,208$80,000$2,213,943
2011$1,988,613$2,500▲ $87,870-$2,070,313
2010$1,932,836$2,500▲ $241,945$180,000$1,988,613
2009$1,697,045$125▲ $243,275-$1,932,836
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
Charlotte BoseckerExecutive Director$118,781$118,781

Board Members and Trustees

NameTitle
Melvin DunnPresident
Devin PhifferVice President
Devin AlsupDirector
Garth WrightDirector
Mike KaufmanDirector
Donette MarbleSecretary
Dan LinebargerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,100
Program Service Revenue
$0
Investment Income
$302,563
Other Revenue
$0
All Other Contributions
$1,100
Change in Net Assets
$125,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$303,663
Total Revenue per Audited Statements
$303,663
Total Revenue per Form 990
$303,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,000
Other Expenses$5,696
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$172,000--$172,000
Fees for Services Accounting-$3,500-$3,500
Insurance-$2,171-$2,171
Fees for Service Investment Mgmnt Fees-$25-$25
Total Functional Expenses$172,000$5,696$0$177,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$177,696
Total Expenses per Audited Statements$177,696
Total Expenses per Form 990$177,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
75-1038411-501 C3Program operations$172,000
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 11A

“The board of directors reviews and approves the 990 along with the audited financial statements.”

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

EIN
31-1807636
Phone
4324988590

Signing Officer

Name
Charlotte Bosecker
Title
Executive director
Signed
2015-02-05
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

Preparer

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.”

X 2

“Management has analyzed the tax positions of the Organization and determined that as of June 30, 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0243275
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0177696
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.69000
IRS990ScheduleD/RevenueSubtotalAmt0303663
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/ExplanationTxt1Management has analyzed the tax positions of the Organization and determined that as of June 30, 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1X 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0177696
IRS990ScheduleD/TotalRevenuePerForm990Amt0303663
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0303663
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0177696
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0172000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program operations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10MARC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0751038411
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102701 NORTH A STREET
IRS990ScheduleI/RecipientTable/USAddress/City0MIDLAND
IRS990ScheduleI/RecipientTable/USAddress/State0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode079705
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board of directors oversees the grant by reviewing financial and accountability reports made with the funds awarded.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews and approves the 990 along with the audited financial statements.
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 11a
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/BusinessNameLine10MARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751038411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Programs for disabled
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Sec 170b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102701 NORTH A STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode079705
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0172000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash grant
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02219114
IRS990/TotalAssetsEOYAmt02350752
IRS990/TotalAssetsGrp/BOYAmt02219114
IRS990/TotalAssetsGrp/EOYAmt02350752
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05696
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177696
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05171
IRS990/TotalLiabilitiesEOYAmt010842
IRS990/TotalLiabilitiesGrp/BOYAmt05171
IRS990/TotalLiabilitiesGrp/EOYAmt010842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02213943
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02339910
IRS990/TotalProgramServiceExpensesAmt0172000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0302563
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0303663
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02219114
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02350752
IRS990/TotReportableCompRltdOrgAmt0118781
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0630959
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0725156
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102701 NORTH A STREET
IRS990/USAddress/City0MIDLAND
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode079705
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charlotte Bosecker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE MARC ENDOWMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0MARC
ReturnHeader/Filer/EIN0311807636
ReturnHeader/Filer/PhoneNum04324988590
ReturnHeader/Filer/USAddress/AddressLine102701 NORTH A STREET
ReturnHeader/Filer/USAddress/City0MIDLAND

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,350,752
Liabilities
$10,842
Net assets
$2,339,910
Revenue
$303,663
Expenses
$177,696
Net income
$125,967
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