Civic Intelligence

Altus Foundation

990 • Fiscal year 2018 • EIN 45-2751486

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 31, 2019

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

83rd percentile

0.58x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.28x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

65th percentile

9.7%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

96th percentile

112%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.5%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$505,018

Up $266,681 (+112%) from 2017

Net Assets

Up

$212,354

Up $103,213 (+95%) from 2017

Liabilities

Up

$292,664

Up $163,468 (+127%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin65th percentile

Revenue

Up

$1,061,365

Up $15,809 (+1.5%) from 2017

Expenses

Down

$958,152

Down $226,888 (-19%) from 2017

Net Income

Up

$103,213

Up $242,697 (+174%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2018

Assets$505,018
Liabilities$292,664
Net Assets$212,354
Open 2018 Filing

Operations Trend

Revenue Growth44th 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

2018

Revenue$1,061,365
Expenses$958,152
Net Income$103,213
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 31, 2019
Return Version
2018v3.1
Gross Receipts
$1,061,365
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$237,545$505,018▲ $267,473
Total Assets$238,337$505,018▲ $266,681
Other Assets Total$792--
Liabilities
Other Liabilities$129,196$292,664▲ $163,468
Total Liabilities$129,196$292,664▲ $163,468
Net Assets / Fund Balance
Unrestricted Net Assets$109,141$212,354▲ $103,213
Total Net Assets Fund Balance$109,141$212,354▲ $103,213
Total Liabilities and Net Assets / Fund Balance$238,337$505,018▲ $266,681
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,061,365
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$357,490
Change in Net Assets
$103,213

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,061,365
Total Revenue per Audited Statements
$1,061,365
Total Revenue per Form 990
$1,061,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$922,393
Total Fundraising Expense$868,202
Salaries, Compensation, and Employee Benefits$34,259
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings--$818,127$818,127
Fees for Services Other-$20,000$36,838$56,838
Other Salaries and Wages-$24,927-$24,927
Information Technology-$16,653-$16,653
Other Expenses$11,702--$11,702
Office Expenses-$1,862$7,705$9,567
Advertising--$5,532$5,532
Other Employee Benefits-$4,006-$4,006
Payroll Taxes-$3,596-$3,596
Travel-$3,484-$3,484
Pension Plan Contributions-$1,730-$1,730
Grants to Domestic Orgs$1,500--$1,500
Insurance-$490-$490
Total Functional Expenses$13,202$76,748$868,202$958,152

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$958,152
Total Expenses per Audited Statements$958,152
Total Expenses per Form 990$958,152
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$685,165---
Altus Strong$12,535---
Total Events$703,875---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$265,664
Due to Altus Hms$27,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
2019-01-31
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 0”

Raw XML Appendix348 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 0
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
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IRS990/TotalOtherProgSrvcExpenseAmt013202
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IRS990/TravelGrp/TotalAmt03484
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PEARLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077584
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08322308100
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALTUS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ALTU
ReturnHeader/Filer/EIN0452751486
ReturnHeader/Filer/PhoneNum07136272000
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.12.73.26
ReturnHeader/FilingSecurityInformation/IPDt02020-01-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:29:19
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/PreparationDt02020-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FARRUKH SEYAR
ReturnHeader/ReturnTs02020-01-31T18:29:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$505,018
Liabilities
$292,664
Net assets
$212,354
Revenue
$1,061,365
Expenses
$958,152
Net income
$103,213
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