Civic Intelligence

Bulverde Spring Branch Economic Development Foundation

990EZ • Fiscal year 2017 • EIN 45-3783609

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

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

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

40th percentile

-0.0%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$55,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 73.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

7.2%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$25,612

Down $7,019 (-22%) from 2016

Net Assets

Down

$24,612

Down $19 (-0.1%) from 2016

Liabilities

Down

$1,000

Down $7,000 (-88%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin40th percentile

Revenue

Up

$75,050

Up $5,050 (+7.2%) from 2016

Expenses

Up

$75,069

Up $12,831 (+21%) from 2016

Net Income

Down

-$19

Down $7,781 (-100%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2017

Assets$25,612
Liabilities$1,000
Net Assets$24,612
Open 2017 Filing

Operations Trend

Revenue Growth59th 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

2017

Revenue$75,050
Expenses$75,069
Net Income-$19
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.2
Gross Receipts
$75,050
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, 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 our area, both proactive and reactive. 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.The Foundation applied for and was awarded the Allegra FootPrint Fund Award in the grant amount of $1,000 for printing of marketing collateral. The Foundation also continued to work with Presidian/Hilton as well as the City and the Chamber of Commerce on mechanics of the meeting facility as part of the Hotel and Bulverde Visitors & Events Center which opened in September. The meeting facility currently has nine bookings for meeting facility for next year. Foundation staff spent considerable time helping to get Visitors and Event Center up and running from deciding on and ordering dcor; reviewing, approving and ordering signage; getting ready for Grand Opening and Ribbon Cutting; and other related logistics. The Foundations offices have moved and are now located there.During 2017 the Foundation began a targeted business attraction program to establish a marketing program which articulates the Bulverde/Spring Branch advantage for business. Target industries include medical and health care, senior citizen services, restaurants, appropriate retail, high quality, high wage, non-water intensive companies (technology, green businesses, etc.). The Foundation continued to promote housing diversity and to actively recruit community college, vocational tech, and skills training. The Foundation implemented a Workforce Plan Taskforce.As part of its housing diversity program, the Foundation has three projects in community competing for 9% Tax Credits: (i) Liv Senior Ltd, a Senior Independent Living Project at Johnson Ranch. This is a senior restricted project that the Foundation has been working for approximately 3 years; (ii) Blue Spring Apartments, a Multifamily Project. This project is within the city limits of Bulverde via recent annexations. The project is not as far along in the due diligence process as the property is not currently zoned for multifamily and appears to lack appropriate utilities, all of which will be quite costly and take time to work through; (iii) Monte Bella, a Multifamily Project. This project appears to have the same issues as the Blue Springs project in that they are now within the city limits of Bulverde and not zoned for multi-family and lacks appropriate utilities.In the coming year, the Foundation will continue with these and other initiatives to facilitate economic development in the Foundation's service area.$50,784-
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sherry L MosierPresident/Exe DFT$55,000-$55,000
Josh PettietteChairmanPT$0--
Paula StakesVice Chair/Trea-$0--
Brian WaltmanDirector-$0--
Bill KrawietzDirector-$0--
Danny BattsDirector-$0--
Donna EcclestonDirector-$0--
Scott HaagDirector-$0--
Ray JefferyVice Chair/Director-$0--
Rhonda ZunkerDirector-$0--
Thomas HacklemanVice Chair/Sec-$0--
Steve KleinDirector-$0--
Andrew KimDirector-$0--
Teresa Van BoovenDirector-$0--
Mike JohnsonDirector-$0--
Tom TurkDirector-$0--
Mechelle SalmonDirector-$0--
Mike MassoDirector-$0--
Kathleen BanseDirector-$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
Sherry L Mosier
Title
President
Signed
2018-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Ronnie C McClure PhD CPA
Address
PO Box 586, LEWISVILLE, TX 75067-0586
Preparer
Ronnie C McClure
Phone
2149573366
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $7543”

Other Expenses.1003

“Information Technology $133”

Other Expenses.1005

“Travel $2700”

Other Expenses.1007

“Conferences, Conventions, and Meetings $75”

Other Expenses.1012

“Insurance $1020”

Other Expenses.1

“Payroll service fee $1768”

Other Expenses.2

“Membership dues $500”

Other Expenses.3

“Computer software $167”

Other Expenses.4

“Bank fees $48”

Other Assets.1002

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

Other Assets.1005

“Accounts Receivable - Beginning $1000 Accounts Receivable - Ending $9500”

Total Liabilities.1003

“Deferred Revenue - Beginning $8000 Deferred Revenue - Ending $1000”

Changes to Organizing or Governing Documents

“The Foundation modified its Bylaws to provide for staggered terms of its Directors rather than have all terms expire in the same year.”

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt057000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt034200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0293426
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $7543
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $2700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $1020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll service fee $1768
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Membership dues $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Computer software $167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank fees $48
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Furniture and Fixtures - Beginning $1258 Furniture and Fixtures - Ending $1258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Receivable - Beginning $1000 Accounts Receivable - Ending $9500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Deferred Revenue - Beginning $8000 Deferred Revenue - Ending $1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The Foundation modified its Bylaws to provide for staggered terms of its Directors rather than have all terms expire in the same year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Changes to Organizing or Governing Documents
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sherry L Mosier
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BulverdeSpring Branch Economic
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Development Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BULV
ReturnHeader/Filer/EIN0453783609
ReturnHeader/Filer/PhoneNum08308854331
ReturnHeader/Filer/USAddress/AddressLine1Txt0499 Singing Oaks
ReturnHeader/Filer/USAddress/CityNm0Spring Branch
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752512453
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ronnie C McClure PhD CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 586
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEWISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750670586
ReturnHeader/PreparerPersonGrp/PhoneNum02149573366
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronnie C McClure
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-07T13:02:49-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$25,612
Liabilities
$1,000
Net assets
$24,612
Revenue
$75,050
Expenses
$75,069
Net income
-$19
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2017Detailed filing. Detailed filing data is available for this year.$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