Civic Intelligence

Bulverde Spring Branch Economic Development Foundation

990EZ • Fiscal year 2018 • EIN 45-3783609

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

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

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.01x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$56,333

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 66.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$39,610

Up $13,998 (+55%) from 2017

Net Assets

Up

$38,610

Up $13,998 (+57%) from 2017

Liabilities

Flat

$1,000

Flat from 2017

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin72nd percentile

Revenue

Up

$84,625

Up $9,575 (+13%) from 2017

Expenses

Down

$70,627

Down $4,442 (-5.9%) from 2017

Net Income

Up

$13,998

Up $14,017 (+73774%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2018

Assets$39,610
Liabilities$1,000
Net Assets$38,610
Open 2018 Filing

Operations Trend

Revenue Growth66th 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

2018

Revenue$84,625
Expenses$70,627
Net Income$13,998
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$84,625
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.$48,833-
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sherry L MosierPresident/Exe DFT$56,333-$56,333
Josh PettietteChairmanPT$0--
Paula StakesVice Chair/Trea-$0--
Brian WaltmanDirector-$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--
Steve KleinDirector-$0--
Andrew KimDirector-$0--
Teresa Van BoovenDirector-$0--
Tom TurkDirector-$0--
Gene HartmanDirector-$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
Josh Pettiette
Title
Chairman
Signed
2019-05-07
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 $1372”

Other Expenses.1002

“Office Expenses $398”

Other Expenses.1003

“Information Technology $1073”

Other Expenses.1005

“Travel $1709”

Other Expenses.1007

“Conferences, Conventions, and Meetings $400”

Other Expenses.1012

“Insurance $1020”

Other Expenses.1

“Payroll service fee $1815”

Other Expenses.2

“Membership dues $500”

Other Expenses.3

“Bank fees $107”

Other Expenses.4

“Computer software $70”

Other Assets.1002

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

Other Assets.1005

“Accounts Receivable - Beginning $9500 Accounts Receivable - Ending $3200”

Total Liabilities.1003

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

Changes to Organizing or Governing Documents

“The Foundation modified its Bylaws with respect to classes of the Board of Directors. A copy of the changes and the BOARD OF DIRECTORS RESOLUTION ADVISING AMENDMENT OF BYLAWS are attached to this return.”

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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/CurrentTaxYearMinus2YearsAmt070000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt057176
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt057000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0343851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1372
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $398
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $1073
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $1709
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conferences, Conventions, and Meetings $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $1020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll service fee $1815
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership dues $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank fees $107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Computer software $70
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Furniture and Fixtures - Beginning $1258 Furniture and Fixtures - Ending $1258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Receivable - Beginning $9500 Accounts Receivable - Ending $3200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Deferred Revenue - Beginning $1000 Deferred Revenue - Ending $1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13The Foundation modified its Bylaws with respect to classes of the Board of Directors. A copy of the changes and the BOARD OF DIRECTORS RESOLUTION ADVISING AMENDMENT OF BYLAWS are attached to this return.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Changes to Organizing or Governing Documents
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Josh Pettiette
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
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/ReturnTs02019-05-07T15:02:51-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$39,610
Liabilities
$1,000
Net assets
$38,610
Revenue
$84,625
Expenses
$70,627
Net income
$13,998
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
2018Detailed filing. Detailed filing data is available for this year.$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