Civic Intelligence

Altus Foundation

990 • Fiscal year 2020 • EIN 45-2751486

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.04x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

73rd percentile

22%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

71st percentile

23%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-54%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$603,579

Up $114,613 (+23%) from 2019

Net Assets

Up

$579,734

Up $118,199 (+26%) from 2019

Liabilities

Down

$23,845

Down $3,586 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin73rd percentile

Revenue

Down

$665,251

Down $782,137 (-54%) from 2019

Expenses

Down

$515,589

Down $450,647 (-47%) from 2019

Net Income

Down

$149,662

Down $331,490 (-69%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2020

Assets$603,579
Liabilities$23,845
Net Assets$579,734
Open 2020 Filing

Operations Trend

Revenue Growth8th 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

2020

Revenue$665,251
Expenses$515,589
Net Income$149,662
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$665,251
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$488,966$198,579▼ $290,387
Total Assets$488,966$603,579▲ $114,613
Other Assets Total-$405,000-
Liabilities
Other Liabilities$27,431$23,845▼ $3,586
Total Liabilities$27,431$23,845▼ $3,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$461,535$579,734▲ $118,199
Total Net Assets Fund Balance$461,535$579,734▲ $118,199
Total Liabilities and Net Assets / Fund Balance$488,966$603,579▲ $114,613

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$405,000--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$665,251
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$665,251
Change in Net Assets
$149,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$665,251
Total Revenue per Audited Statements
$665,251
Total Revenue per Form 990
$665,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$499,317
Total Fundraising Expense$227,911
Salaries, Compensation, and Employee Benefits$16,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings--$215,712$215,712
Fees for Services Management-$180,000-$180,000
Fees for Services Other-$59,463-$59,463
Other Expenses$27,725--$27,725
Other Salaries and Wages-$16,272-$16,272
Office Expenses-$1,968$12,199$14,167
Travel-$2,250-$2,250
Total Functional Expenses$27,725$259,953$227,911$515,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$515,589
Total Expenses per Audited Statements$515,589
Total Expenses per Form 990$515,589
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
Due to Altus Hms$27,000
Credit Cards$-3,155
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
2021-11-15
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
1

Preparer

Firm
Hrss Llp
Address
6671 SOUTHWEST FWY STE 500, HOUSTON, TX 77074-2225
Preparer
Sabeen Pirzada
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 IX, Line 11G

“Professional fees 0 45,593 0 bank charges 0 30 0 marketing 0 11,616 0 credit card processing 0 1,744 0 insurance 0 480 0 total 0 59,463 0”

Form 990, Part XI, Line 9

“Audited financials /tax difference -31,463”

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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/ExplanationTxt5PROFESSIONAL FEES 0 45,593 0 BANK CHARGES 0 30 0 MARKETING 0 11,616 0 CREDIT CARD PROCESSING 0 1,744 0 INSURANCE 0 480 0 TOTAL 0 59,463 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUDITED FINANCIALS /TAX DIFFERENCE -31,463
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$603,579
Liabilities
$23,845
Net assets
$579,734
Revenue
$665,251
Expenses
$515,589
Net income
$149,662
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