Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2016 • EIN 31-1807636

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 26, 2017

Organization ProfileN/A

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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

20th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

100th percentile

487%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$167,775

Higher top officer pay than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-4.3%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$2,210,770

Down $100,167 (-4.3%) from 2015

Net Assets

Down

$2,203,599

Down $90,825 (-4.0%) from 2015

Liabilities

Down

$7,171

Down $9,342 (-57%) from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$18,654

Down $98,839 (-123%) from 2015

Expenses

Down

$72,171

Down $53,500 (-43%) from 2015

Net Income

Down

-$90,825

Down $45,339 (-100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th 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 2016: $2,210,770Liabilities 2016: $7,171Net Assets 2016: $2,203,5992016Assets 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

2016

Assets$2,210,770
Liabilities$7,171
Net Assets$2,203,599
Open 2016 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 2016: -$18,654Expenses 2016: $72,171Net Income 2016: -$90,8252016Revenue 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

2016

Revenue-$18,654
Expenses$72,171
Net Income-$90,825
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 26, 2017
Return Version
2015v3.0
Gross Receipts
$18,654
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$2,219,303$2,162,468▼ $56,835
Savings and Temporary Cash Investments$91,634$48,302▼ $43,332
Total Assets$2,310,937$2,210,770▼ $100,167
Liabilities
Accounts Payable and Accrued Expenses$16,513$7,171▼ $9,342
Total Liabilities$16,513$7,171▼ $9,342
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,647,049$1,705,295▲ $58,246
Unrestricted Net Assets$647,375$498,304▼ $149,071
Total Net Assets Fund Balance$2,294,424$2,203,599▼ $90,825
Total Liabilities and Net Assets / Fund Balance$2,310,937$2,210,770▼ $100,167

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,294,424$1,425▼ $20,079$65,000$2,203,599
2014$2,339,910$1,925▲ $78,260$120,000$2,294,424
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
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Charlotte BoseckerExecutive Director$167,775$167,775

Board Members and Trustees

NameTitle
Devin PhifferPresident
Garth WrightVice President
Brian GarvinDirector
Dan LinebargerDirector
Donette MarbleSecretary
Melvin DunnSecretary
Michael KaufmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,425
Program Service Revenue
$0
Investment Income
$-20,079
Other Revenue
$0
All Other Contributions
$1,425
Change in Net Assets
$-90,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$-18,654
Total Revenue per Audited Statements
$-18,654
Total Revenue per Form 990
$-18,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,000
Other Expenses$7,171
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$65,000--$65,000
Fees for Services Accounting-$5,000-$5,000
Insurance-$2,171-$2,171
Total Functional Expenses$65,000$7,171$0$72,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$72,171
Total Expenses per Audited Statements$72,171
Total Expenses per Form 990$72,171
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MARC IncMidland, TX501c3Program operations$65,000
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 annually.”

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
The 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
2017-01-26
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

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/ContributionsAmt01925
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02294424
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt078260
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0120000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt05696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02213943
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02339910
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0302563
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0172000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07578
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02070313
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02213943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0231208
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt080000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt08670
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01988613
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02070313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt087870
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt072171
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77000
IRS990ScheduleD/RevenueSubtotalAmt0-18654
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/TotalExpensesPerForm990Amt072171
IRS990ScheduleD/TotalRevenuePerForm990Amt0-18654
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-18654
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt072171
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt065000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program operations
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/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews and approves the 990 along with the audited financial statements annually.
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/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/InvolvedAmt065000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt116513
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash grant at book value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Expenses at book value
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02310937
IRS990/TotalAssetsEOYAmt02210770
IRS990/TotalAssetsGrp/BOYAmt02310937
IRS990/TotalAssetsGrp/EOYAmt02210770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01425
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07171
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065000
IRS990/TotalFunctionalExpensesGrp/TotalAmt072171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016513
IRS990/TotalLiabilitiesEOYAmt07171
IRS990/TotalLiabilitiesGrp/BOYAmt016513
IRS990/TotalLiabilitiesGrp/EOYAmt07171
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02294424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02203599
IRS990/TotalOtherCompensationAmt09662
IRS990/TotalProgramServiceExpensesAmt065000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-20079
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-18654
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02310937
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02210770
IRS990/TotReportableCompRltdOrgAmt0158113
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0647375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0498304
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,210,770
Liabilities
$7,171
Net assets
$2,203,599
Revenue
-$18,654
Expenses
$72,171
Net income
-$90,825
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
2016Detailed filing. Detailed filing data is available for this year.$2.21$0.01$2.20$0.02$0.07$0.09
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