Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2017 • EIN 31-1807636

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.03x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$165,149

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 54.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

44th percentile

1.5%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

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

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$2,243,497

Down $67,440 (-2.9%) from 2015

Net Assets

Down

$2,234,407

Down $60,017 (-2.6%) from 2015

Liabilities

Down

$9,090

Down $7,423 (-45%) from 2015

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin66th percentile

Revenue

Up

$300,955

Up $220,770 (+275%) from 2015

Expenses

Up

$270,147

Up $144,476 (+115%) from 2015

Net Income

Up

$30,808

Up $76,294 (+168%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2017

Assets$2,243,497
Liabilities$9,090
Net Assets$2,234,407
Open 2017 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

2017

Revenue$300,955
Expenses$270,147
Net Income$30,808
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$300,955
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$2,162,468$2,199,468▲ $37,000
Savings and Temporary Cash Investments$48,302$44,029▼ $4,273
Total Assets$2,210,770$2,243,497▲ $32,727
Liabilities
Accounts Payable and Accrued Expenses$7,171$9,090▲ $1,919
Total Liabilities$7,171$9,090▲ $1,919
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,705,295$1,747,927▲ $42,632
Unrestricted Net Assets$498,304$486,480▼ $11,824
Total Net Assets Fund Balance$2,203,599$2,234,407▲ $30,808
Total Liabilities and Net Assets / Fund Balance$2,210,770$2,243,497▲ $32,727

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2013$2,213,943$1,100▲ $302,563-$2,339,910
2012$2,070,313-▲ $231,208-$2,213,943
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Charlotte BoseckerExecutive Director$165,149$165,149

Board Members and Trustees

NameTitle
Garth WrightPresident
Devin PhifferVice President
Bryan GarvinDirector
Dan LinebargerDirector
Michael KaufmanDirector
Donette MarbleSecretary
Gilbert AbilaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,150
Program Service Revenue
$297,805
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,150
Change in Net Assets
$30,808

Audited Revenue Reconciliation

Revenue per Audited Statements
$300,955
Total Revenue per Audited Statements
$300,955
Total Revenue per Form 990
$300,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$262,557
Other Expenses$7,590
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$262,557--$262,557
Fees for Services Accounting-$5,000-$5,000
Insurance-$2,590-$2,590
Total Functional Expenses$262,557$7,590$0$270,147

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$270,147
Total Expenses per Audited Statements$270,147
Total Expenses per Form 990$270,147
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MARC IncMidland, TX501c3Transfer securities for unrestricted funds$212,557
MARC IncMidland, TX501c3Operations$50,000
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
2018-05-15
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/EndYearBalanceAmt02203599
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt065000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-20079
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt05671
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02339910
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01925
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02294424
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt078260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt05696
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02213943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02339910
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0172000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0302563
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07578
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02070313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02213943
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt080000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0231208
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0270147
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.78000
IRS990ScheduleD/RevenueSubtotalAmt0300955
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/TotalExpensesPerForm990Amt0270147
IRS990ScheduleD/TotalRevenuePerForm990Amt0300955
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0300955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270147
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt1212557
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operations
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Transfer securities for unrestricted funds
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARC Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MARC Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0751038411
IRS990ScheduleI/RecipientTable/RecipientEIN1751038411
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02701 North A St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12701 North A St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Midland
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Midland
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079705
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd179705
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/TotalOtherOrgCnt02
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/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1212557
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash grant
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV of securities transferred
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02210770
IRS990/TotalAssetsEOYAmt02243497
IRS990/TotalAssetsGrp/BOYAmt02210770
IRS990/TotalAssetsGrp/EOYAmt02243497
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03150
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07590
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262557
IRS990/TotalFunctionalExpensesGrp/TotalAmt0270147
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07171
IRS990/TotalLiabilitiesEOYAmt09090
IRS990/TotalLiabilitiesGrp/BOYAmt07171
IRS990/TotalLiabilitiesGrp/EOYAmt09090
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02203599
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02234407
IRS990/TotalOtherCompensationAmt08872
IRS990/TotalProgramServiceExpensesAmt0262557
IRS990/TotalProgramServiceRevenueAmt0297805
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0297805

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,243,497
Liabilities
$9,090
Net assets
$2,234,407
Revenue
$300,955
Expenses
$270,147
Net income
$30,808
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
2017Detailed filing. Detailed filing data is available for this year.$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