Civic Intelligence

Altus Foundation

990 • Fiscal year 2019 • EIN 45-2751486

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization ProfileALTUSFOUNDATION.COM
1535 W Loop South 450Houston, TX 77027

(713) 627-2000

Siviq Scores

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

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

25th percentile

-3.2%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

36%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$488,966

Down $16,052 (-3.2%) from 2018

Net Assets

Up

$461,535

Up $249,181 (+117%) from 2018

Liabilities

Down

$27,431

Down $265,233 (-91%) from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin86th percentile

Revenue

Up

$1,447,388

Up $386,023 (+36%) from 2018

Expenses

Up

$966,236

Up $8,084 (+0.8%) from 2018

Net Income

Up

$481,152

Up $377,939 (+366%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$800K$600K$400K$200K$0Assets 2011: $4,336Net Assets 2011: $4,3362011Assets 2012: $184,517Liabilities 2012: $0Net Assets 2012: $184,5172012Assets 2013: $410,966Liabilities 2013: $0Net Assets 2013: $410,9662013Assets 2014: $457,076Liabilities 2014: $0Net Assets 2014: $457,0762014Assets 2015: $468,569Liabilities 2015: $0Net Assets 2015: $468,5692015Assets 2016: $237,305Liabilities 2016: $39,537Net Assets 2016: $197,7682016Assets 2017: $238,337Liabilities 2017: $129,196Net Assets 2017: $109,1412017Assets 2018: $505,018Liabilities 2018: $292,664Net Assets 2018: $212,3542018Assets 2019: $488,966Liabilities 2019: $27,431Net Assets 2019: $461,5352019Assets 2020: $603,579Liabilities 2020: $23,845Net Assets 2020: $579,7342020

Highlighted filing

2019

Assets$488,966
Liabilities$27,431
Net Assets$461,535
Open 2019 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $5,440Expenses 2011: $1,104Net Income 2011: $4,3362011Expenses 2012: $238,2122012Revenue 2013: $587,188Expenses 2013: $360,739Net Income 2013: $226,4492013Revenue 2014: $681,047Expenses 2014: $634,937Net Income 2014: $46,1102014Revenue 2015: $873,263Expenses 2015: $861,770Net Income 2015: $11,4932015Revenue 2016: $636,251Expenses 2016: $907,052Net Income 2016: -$270,8012016Revenue 2017: $1,045,556Expenses 2017: $1,185,040Net Income 2017: -$139,4842017Revenue 2018: $1,061,365Expenses 2018: $958,152Net Income 2018: $103,2132018Revenue 2019: $1,447,388Expenses 2019: $966,236Net Income 2019: $481,1522019Revenue 2020: $665,251Expenses 2020: $515,589Net Income 2020: $149,6622020

Highlighted filing

2019

Revenue$1,447,388
Expenses$966,236
Net Income$481,152
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$1,447,388
Mission and Program Overview

Mission

The corporation mission is to develop resources for patients in need of services through an altus healthcare facility or service utilizing philanthropic support and patient & community educational programs. The corporation is organized exclusively for charitable, educational and scientific purposes.within the scope of this purposes, the corporation's primary purpose and focus will be to make distributions for charitable and educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$505,018$488,966▼ $16,052
Total Assets$505,018$488,966▼ $16,052
Liabilities
Other Liabilities$292,664$27,431▼ $265,233
Total Liabilities$292,664$27,431▼ $265,233
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$212,354$461,535▲ $249,181
Total Net Assets Fund Balance$212,354$461,535▲ $249,181
Total Liabilities and Net Assets / Fund Balance$505,018$488,966▼ $16,052
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Taseer BadarChairman
Anil MotwaniPresident
Gordan QuanMember
Hamid RazaviMember
Chester PittsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,447,388
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$598,638
Change in Net Assets
$481,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,447,388
Total Revenue per Audited Statements
$1,447,388
Total Revenue per Form 990
$1,447,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$966,236
Total Fundraising Expense$694,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings--$668,219$668,219
Other Expenses$165,330--$165,330
Fees for Services Other-$43,656-$43,656
Travel-$36,033-$36,033
Advertising--$25,516$25,516
Office Expenses-$18,171$978$19,149
Information Technology-$8,333-$8,333
Total Functional Expenses$165,330$106,193$694,713$966,236

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$966,236
Total Expenses per Audited Statements$966,236
Total Expenses per Form 990$966,236
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Toast to Living$848,750---
Total Events$848,750---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Altus Hms$27,000
Credit Cards$431
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, Page 6, Part VI, Line 11B

“Review is conducted by officer/board of directors before filing of the form 990.”

Form 990, Page 6, Part VI, Line 18

“UPON REQUEST”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Altus Foundation
EIN
45-2751486
Phone
7136272000
Address
1535 W LOOP SOUTH 450, HOUSTON, TX 77027

Signing Officer

Name
Taseer Badar
Title
Chairman
Phone
8322308100
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Taseer Badar
Formed
2011
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Hrss Llp
Address
6671 SOUTHWEST FWY STE 500, HOUSTON, TX 77074-2225
Preparer
Farrukh Seyar
Phone
7133284000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation mission is to develop resources for patients in need of services through an altus healthcare facility or service utilizing philanthropic support and patient & community educational programs. The corporation is organized exclusively for charitable, educational and scientific purposes.within the scope of this purposes, the corporation's primary purpose and focus will be to make distributions for charitable and educational purposes.”

Form 990, Page 2, Part III, Line 4D

“The corporation mission is to develop resources for patients in need of services through an altus healthcare facility or service utilizing philanthropic support and patient & community educational programs. The corporation is organized exclusively for charitable, educational and scientific purposes.within the scope of this purposes, the corporation's primary purpose and focus will be to make distributions for charitable and educational purposes.”

Form 990, Part XI, Line 9

“Audited financials /tax difference -231,971”

Raw XML Appendix325 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION MISSION IS TO DEVELOP RESOURCES FOR PATIENTS IN NEED OF SERVICES THROUGH AN ALTUS HEALTHCARE FACILITY OR SERVICE UTILIZING PHILANTHROPIC SUPPORT AND PATIENT & COMMUNITY EDUCATIONAL PROGRAMS. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.WITHIN THE SCOPE OF THIS PURPOSES, THE CORPORATION'S PRIMARY PURPOSE AND FOCUS WILL BE TO MAKE DISTRIBUTIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION MISSION IS TO DEVELOP RESOURCES FOR PATIENTS IN NEED OF SERVICES THROUGH AN ALTUS HEALTHCARE FACILITY OR SERVICE UTILIZING PHILANTHROPIC SUPPORT AND PATIENT & COMMUNITY EDUCATIONAL PROGRAMS. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.WITHIN THE SCOPE OF THIS PURPOSES, THE CORPORATION'S PRIMARY PURPOSE AND FOCUS WILL BE TO MAKE DISTRIBUTIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW IS CONDUCTED BY OFFICER/BOARD OF DIRECTORS BEFORE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDITED FINANCIALS /TAX DIFFERENCE -231,971
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0505018
IRS990/TotalAssetsEOYAmt0488966
IRS990/TotalAssetsGrp/BOYAmt0505018
IRS990/TotalAssetsGrp/EOYAmt0488966
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01447388
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0694713
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106193
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165330
IRS990/TotalFunctionalExpensesGrp/TotalAmt0966236
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0292664
IRS990/TotalLiabilitiesEOYAmt027431
IRS990/TotalLiabilitiesGrp/BOYAmt0292664
IRS990/TotalLiabilitiesGrp/EOYAmt027431
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0212354
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0461535
IRS990/TotalOtherProgSrvcExpenseAmt0165330
IRS990/TotalProgramServiceExpensesAmt0165330
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01447388
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0505018
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0488966
IRS990/TravelGrp/ManagementAndGeneralAmt036033
IRS990/TravelGrp/TotalAmt036033
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011233 SHADOW CREEK PKWY STE 313
IRS990/USAddress/CityNm0PEARLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077584
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0ALTUSFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TASEER BADAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08322308100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALTUS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ALTU
ReturnHeader/Filer/EIN0452751486
ReturnHeader/Filer/PhoneNum07136272000
ReturnHeader/Filer/USAddress/AddressLine1Txt01535 W LOOP SOUTH 450
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077027
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId036487B13F8F1F6A5310C8504265A99C25A6F76C9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId036487B13F8F1F6A5310C8504265A99C25A6F76C9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.31.170.2
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm019:11:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760480691
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HRSS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06671 SOUTHWEST FWY STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770742225
ReturnHeader/PreparerPersonGrp/PhoneNum07133284000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FARRUKH SEYAR
ReturnHeader/ReturnTs02020-11-16T19:11:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$488,966
Liabilities
$27,431
Net assets
$461,535
Revenue
$1,447,388
Expenses
$966,236
Net income
$481,152
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.58$0.67$0.52$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$1.45$0.97$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.29$0.21$1.06$0.96$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.13$0.11$1.05$1.19$0.14
2016Summary only. Only limited summary data is available for this year.$0.24$0.04$0.20$0.64$0.91$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.87$0.86$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.68$0.63$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.59$0.36$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.01$0.00$0.00
Peer Organizations

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