Civic Intelligence

Bulverde Spring Branch Economic Development Foundation

990EZ • Fiscal year 2019 • EIN 45-3783609

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

Organization Profilewww.bsbedf.com
499 Singing OaksSpring Branch, TX 78070

(830) 885-4331

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

59th percentile

8.0%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

88th percentile

$32,541

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 59.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-36%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$44,278

Up $4,668 (+12%) from 2018

Net Assets

Up

$42,971

Up $4,361 (+11%) from 2018

Liabilities

Up

$1,307

Up $307 (+31%) from 2018

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin59th percentile

Revenue

Down

$54,550

Down $30,075 (-36%) from 2018

Expenses

Down

$50,189

Down $20,438 (-29%) from 2018

Net Income

Down

$4,361

Down $9,637 (-69%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$150K$100K$50K$0Assets 2013: $27,937Liabilities 2013: $02013Assets 2014: $25,817Net Assets 2014: $25,8172014Assets 2015: $16,869Liabilities 2015: $02015Assets 2016: $32,631Liabilities 2016: $8,000Net Assets 2016: $24,6312016Assets 2017: $25,612Liabilities 2017: $1,000Net Assets 2017: $24,6122017Assets 2018: $39,610Liabilities 2018: $1,000Net Assets 2018: $38,6102018Assets 2019: $44,278Liabilities 2019: $1,307Net Assets 2019: $42,9712019Assets 2020: $22,141Liabilities 2020: $1,857Net Assets 2020: $20,2842020Assets 2021: $5,474Liabilities 2021: $857Net Assets 2021: $4,6172021Assets 2022: $40,528Liabilities 2022: $0Net Assets 2022: $40,5282022Assets 2023: $84,377Liabilities 2023: $34Net Assets 2023: $84,3432023Assets 2024: $109,801Liabilities 2024: $10Net Assets 2024: $109,7912024

Highlighted filing

2019

Assets$44,278
Liabilities$1,307
Net Assets$42,971
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

$100K$50K$0-$50KRevenue 2013: $34,200Expenses 2013: $41,643Net Income 2013: -$7,4432013Revenue 2014: $57,000Expenses 2014: $59,120Net Income 2014: -$2,1202014Revenue 2015: $57,176Expenses 2015: $66,124Net Income 2015: -$8,9482015Revenue 2016: $70,000Expenses 2016: $62,238Net Income 2016: $7,7622016Revenue 2017: $75,050Expenses 2017: $75,069Net Income 2017: -$192017Revenue 2018: $84,625Expenses 2018: $70,627Net Income 2018: $13,9982018Revenue 2019: $54,550Expenses 2019: $50,189Net Income 2019: $4,3612019Revenue 2020: $42,500Expenses 2020: $65,187Net Income 2020: -$22,6872020Revenue 2021: $45,075Expenses 2021: $60,742Net Income 2021: -$15,6672021Revenue 2022: $87,600Expenses 2022: $51,689Net Income 2022: $35,9112022Revenue 2023: $75,350Expenses 2023: $31,535Net Income 2023: $43,8152023Revenue 2024: $70,125Expenses 2024: $44,677Net Income 2024: $25,4482024

Highlighted filing

2019

Revenue$54,550
Expenses$50,189
Net Income$4,361
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
$54,550
Mission and Program Overview

Mission

Economic development in the Bulverde/Spring Branch area of Comal and surrounding counties in Central Texas.

Program Services

DescriptionGrantsExpenses
Throughout the year, the Foundation continued to advocate and support infrastructure improvements to impact future quality of life including support of governmental jurisdictions and entities with effective growth management and authority to protect quality of life, support efforts to improve water and wastewater infrastructure, and support highway and road improvements. The Foundation also continued to take action to improve conditions for existing local businesses, implement a business retention and expansion program, support continued development of senior housing, offer informational programs and support to local businesses, establish a program to encourage local entrepreneurship, and develop effective communications with the public about the importance and focus of managed economic development. The Foundation is formally charged to communicate and implement its strategic plan. To this end, the Foundation continued submitting articles for Front Porch News when there is significant information to share with the public, continued to post content on the BSBEDF Facebook page https://www.facebook.com and like or share other informational postings, and continued working as needed with GVTC, on positive media coverage for the Foundation's service area, both proactive and reactive. The Foundation redesigned its website early in the year to provide more useful information about its activities and economic and demographic information of the area.The Foundation continued actively working to recruit new members and encourage current members whose 3-year commitment is ending to renew for another 3-year term. The Foundation continued to work with elected officials, staff of various governmental entities, regional partners, governors office, etc. to form collaborations as a means to carry out the Foundations strategic plan; actively work with the Chamber of Commerce as a Voting Board Member and member of the Governmental Affairs Council to discuss issues of concern with governmental processes, attend governmental meetings to show support for projects; attend Chamber Leads Group meetings to learn of new businesses coming to area and share information as able and appropriate.During 2017 the Foundation began a targeted business attraction program to establish a marketing program which articulates the Bulverde/Spring Branch advantage for business. In 2018, the Foundation continued this project by working with the YMCA on potential names for the steering committee to help with visioning the project and start the capital campaign. The Foundation continued to work with a potential major employer in finding a suitable site on which to locate its operation. The client has selected a site and has it under contract. The company is working through its due diligence and met favorably with the City of Bulverde with regard to zoning, development standards, and other requirements.In addition, the Foundation continued to work with a startup brewery which is evaluating wastewater options at a particular location to determine if the site is feasible.As part of its housing diversity program, the Foundation continues to work with two developers of senior housing who are competing for housing credits from the Texas Department of Housing and Community Affairs. Due to restricted funds, it is unlikely that both projects will be funded.During the year, the Foundation teamed up with Alamo Manufacturing Partnership, a program within The Institute for Economic Development at The University of Texas at San Antonio to submit an application for a Technical Assistance: Small-Scale Manufacturing & Place-Based Economic Development Grant offered by Smart Growth America in partnership with Recast City through an Economic Development Administration federal funds award. The joint application was not selected to be funded.The Economic Development Services Agreement between the Foundation and Comal County was renewed for another year.In the coming year, the Foundation will continue with these and other initiatives to facilitate economic development in the Foundation's service area.$39,893-
Attended Transportation Committee meeting in New Braunfels. Bullet points of meeting pertaining to the Bulverde/Spring Branch Area: TXDOT will be signalizing the T intersection of Hwy 46 and FM 311 TXDOT is preparing to resurface FM 1863 from Hwy 46 in New Braunfels to US Hwy 281 in Bulverde. TXDOT will be replacing pavement with weather sensitive asphalt. The project is anticipated to be completed within 1 year.The restoration project on the Guadalupe River bridge is approximately 82% complete; thereafter will be concrete replacement of which is environmentally sensitive being over the Guadalupe RiverA meeting with CLWSC and GBRA took place at the Hampton Inn.The topic was a focus on current water needs; future water needs; existing water supplies being used now and existing water supplies available for future growth; existing infrastructure in place and on-going improvements and what infrastructure will be required currently and in the future.EDF is currently consulting with a local business owner that is a primary employer and considering relocating outside of the Bulverde/Spring Branch area. EDF will be meeting again later this month to provide alternative solutions to their real estate needs and discuss possible options for a reduction in rentable area due to downsizing efforts.Continued to work with elected officials, staff of various governmental entities, regional partners, governors office, etc. to form collaborations as a means to carry out our strategic plan.Actively worked with the Chamber as a Board Member and member of the Governmental Affairs Council to discuss issues of concern with governmental processes, attend governmental meetings to show support for projectsgovernmental meetings to show support for projects,--
On August 1, 2019, Resolution #2019-17 established Comal County PACE Program and inter-local agreement with Alamo Area Council of Governments as a PACE Administrator. Property Assessed Clean Energy (PACE) is an innovative financing tool offering owners of commercial real estate to obtain low cost, long term loans to pay for water conservation, energy-efficient improvements, equipment modernization and renewable energy retrofits.The EDF made a public announcement of the PACE Program in the October issues of the Front Porch News. The EDF will be sponsoring a community workshop on the PACE Program on October 22, 2019 from 1:15 PM to 3:30 PM at the Bulverde Visitors & Event Center at the Hampton Inn.EDF was contacted by the owner of the Hampton Inn seeking assistance to a name change for the Hampton Inn.In response, EDF provide a letter to Hilton Worldwide requesting a name change to Hampton Inn Bulverde Texas Hill Country.EDF believes the economic impact will greatly increase and further push the footprint of the City of Bulverde and the Hampton Inn as a destination sought after for guests, travelers and on-line social inquiries.--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph A ByersExecutive DirectorFT$32,541-$32,541
Josh PettietteChairmanPT$0--
Paula StakesVice Chair/Trea-$0--
Bill KrawietzDirector-$0--
Danny BattsVice Chair/Director-$0--
Donna EcclestonDirector-$0--
Scott HaagDirector-$0--
Ray JefferyVice Chair/Director-$0--
Rhonda ZunkerDirector-$0--
Thomas HacklemanVice Chair/Sec-$0--
Andrew KimDirector-$0--
James MayerDirector-$0--
Tom TurkDirector-$0--
Gene HartmanDirector-$0--
Mechelle SalmonDirector-$0--
Mike JohnsonDirector-$0--
Mike MassoDirector-$0--
Kathleen BanseDirector-$0--
Heath WoodsDirector-$0--
Thurl D Sims IIIDirector-$0--
Anna GorjupDirector-$0--
Todd GoldDirector-$0--
Keri SandvigDirector-$0--
Megan TisdaleDirector-$0--
Teresa Van BoovenDirector-$0--
Filing and Contact Details

Filer

Filer Name
BulverdeSpring Branch Economic
EIN
45-3783609
Phone
8308854331
Address
499 Singing Oaks, Spring Branch, TX 78070

Signing Officer

Name
Josh Pettiette
Title
Chairman
Signed
2020-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Ronnie C McClure PhD CPA
Address
PO Box 586, LEWISVILLE, TX 75067
Preparer
Ronnie C McClure
Phone
2149573366
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $1020”

Other Expenses.1002

“Office Expenses $35”

Other Expenses.1003

“Information Technology $775”

Other Expenses.1005

“Travel $561”

Other Expenses.1007

“Conferences, Conventions, and Meetings $1264”

Other Expenses.1012

“Insurance $1020”

Other Expenses.1

“Payroll service fee $1768”

Other Expenses.2

“Staff development $1204”

Other Expenses.3

“Bank fees $24”

Other Assets.1002

“Furniture and Fixtures - Beginning $1258 Furniture and Fixtures - Ending $4757”

Other Assets.1005

“Accounts Receivable - Beginning $3200 Accounts Receivable - Ending $-550”

Total Liabilities.1003

“Deferred Revenue - Beginning $1000 Deferred Revenue - Ending $1000”

Total Liabilities.1

“Payroll liabilities - Beginning $0 Payroll liabilities - Ending $307”

Raw XML Appendix277 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Throughout the year, the Foundation continued to advocate and support infrastructure improvements to impact future quality of life including support of governmental jurisdictions and entities with effective growth management and authority to protect quality of life, support efforts to improve water and wastewater infrastructure, and support highway and road improvements. The Foundation also continued to take action to improve conditions for existing local businesses, implement a business retention and expansion program, support continued development of senior housing, offer informational programs and support to local businesses, establish a program to encourage local entrepreneurship, and develop effective communications with the public about the importance and focus of managed economic development. The Foundation is formally charged to communicate and implement its strategic plan. To this end, the Foundation continued submitting articles for Front Porch News when there is significant information to share with the public, continued to post content on the BSBEDF Facebook page https://www.facebook.com and like or share other informational postings, and continued working as needed with GVTC, on positive media coverage for the Foundation's service area, both proactive and reactive. The Foundation redesigned its website early in the year to provide more useful information about its activities and economic and demographic information of the area.The Foundation continued actively working to recruit new members and encourage current members whose 3-year commitment is ending to renew for another 3-year term. The Foundation continued to work with elected officials, staff of various governmental entities, regional partners, governors office, etc. to form collaborations as a means to carry out the Foundations strategic plan; actively work with the Chamber of Commerce as a Voting Board Member and member of the Governmental Affairs Council to discuss issues of concern with governmental processes, attend governmental meetings to show support for projects; attend Chamber Leads Group meetings to learn of new businesses coming to area and share information as able and appropriate.During 2017 the Foundation began a targeted business attraction program to establish a marketing program which articulates the Bulverde/Spring Branch advantage for business. In 2018, the Foundation continued this project by working with the YMCA on potential names for the steering committee to help with visioning the project and start the capital campaign. The Foundation continued to work with a potential major employer in finding a suitable site on which to locate its operation. The client has selected a site and has it under contract. The company is working through its due diligence and met favorably with the City of Bulverde with regard to zoning, development standards, and other requirements.In addition, the Foundation continued to work with a startup brewery which is evaluating wastewater options at a particular location to determine if the site is feasible.As part of its housing diversity program, the Foundation continues to work with two developers of senior housing who are competing for housing credits from the Texas Department of Housing and Community Affairs. Due to restricted funds, it is unlikely that both projects will be funded.During the year, the Foundation teamed up with Alamo Manufacturing Partnership, a program within The Institute for Economic Development at The University of Texas at San Antonio to submit an application for a Technical Assistance: Small-Scale Manufacturing & Place-Based Economic Development Grant offered by Smart Growth America in partnership with Recast City through an Economic Development Administration federal funds award. The joint application was not selected to be funded.The Economic Development Services Agreement between the Foundation and Comal County was renewed for another year.In the coming year, the Foundation will cont
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Attended Transportation Committee meeting in New Braunfels. Bullet points of meeting pertaining to the Bulverde/Spring Branch Area: TXDOT will be signalizing the T intersection of Hwy 46 and FM 311 TXDOT is preparing to resurface FM 1863 from Hwy 46 in New Braunfels to US Hwy 281 in Bulverde. TXDOT will be replacing pavement with weather sensitive asphalt. The project is anticipated to be completed within 1 year.The restoration project on the Guadalupe River bridge is approximately 82% complete; thereafter will be concrete replacement of which is environmentally sensitive being over the Guadalupe RiverA meeting with CLWSC and GBRA took place at the Hampton Inn.The topic was a focus on current water needs; future water needs; existing water supplies being used now and existing water supplies available for future growth; existing infrastructure in place and on-going improvements and what infrastructure will be required currently and in the future.EDF is currently consulting with a local business owner that is a primary employer and considering relocating outside of the Bulverde/Spring Branch area. EDF will be meeting again later this month to provide alternative solutions to their real estate needs and discuss possible options for a reduction in rentable area due to downsizing efforts.Continued to work with elected officials, staff of various governmental entities, regional partners, governors office, etc. to form collaborations as a means to carry out our strategic plan.Actively worked with the Chamber as a Board Member and member of the Governmental Affairs Council to discuss issues of concern with governmental processes, attend governmental meetings to show support for projectsgovernmental meetings to show support for projects,
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2On August 1, 2019, Resolution #2019-17 established Comal County PACE Program and inter-local agreement with Alamo Area Council of Governments as a PACE Administrator. Property Assessed Clean Energy (PACE) is an innovative financing tool offering owners of commercial real estate to obtain low cost, long term loans to pay for water conservation, energy-efficient improvements, equipment modernization and renewable energy retrofits.The EDF made a public announcement of the PACE Program in the October issues of the Front Porch News. The EDF will be sponsoring a community workshop on the PACE Program on October 22, 2019 from 1:15 PM to 3:30 PM at the Bulverde Visitors & Event Center at the Hampton Inn.EDF was contacted by the owner of the Hampton Inn seeking assistance to a name change for the Hampton Inn.In response, EDF provide a letter to Hilton Worldwide requesting a name change to Hampton Inn Bulverde Texas Hill Country.EDF believes the economic impact will greatly increase and further push the footprint of the City of Bulverde and the Hampton Inn as a destination sought after for guests, travelers and on-line social inquiries.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $775
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $561
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conferences, Conventions, and Meetings $1264
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $1020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll service fee $1768
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Staff development $1204
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank fees $24
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Receivable - Beginning $3200 Accounts Receivable - Ending $-550
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ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ronnie C McClure PhD CPA
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ReturnHeader/ReturnTs02020-11-15T13:53:31-08:00
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ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$44,278
Liabilities
$1,307
Net assets
$42,971
Revenue
$54,550
Expenses
$50,189
Net income
$4,361
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.70$0.45$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.75$0.32$0.44
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.88$0.52$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.01$0.05$0.45$0.61$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.02$0.20$0.43$0.65$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.55$0.50$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.01$0.39$0.85$0.71$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.01$0.25$0.75$0.75$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.08$0.25$0.70$0.62$0.08
2015Summary only. Only limited summary data is available for this year.$0.17$0.00$0.57$0.66$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.26$0.57$0.59$0.02
2013Summary only. Only limited summary data is available for this year.$0.28$0.00$0.34$0.42$0.07