Civic Intelligence

1835 Cannon Ltd.

990 • Fiscal year 2020 • EIN 46-4041055

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 04, 2021

Organization ProfileN/A
901 Congress AvenueAustin, TX 78701

(512) 472-2700

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$212,474

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

18th percentile

-2.4%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$17,358,128

Down $434,559 (-2.4%) from 2019

Net Assets

Up

$17,358,128

Up $7,405,441 (+74%) from 2019

Liabilities

Down

$0

Down $7,840,000 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin100th percentile

Revenue

Up

$7,405,441

Up $7,762,702 (+2173%) from 2019

Expenses

Flat

$0

Flat from 2019

Net Income

Up

$7,405,441

Up $7,762,702 (+2173%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$20M$15M$10M$5.0M$0Assets 2013: $7,840,000Liabilities 2013: $7,840,000Net Assets 2013: $02013Assets 2014: $13,948,686Liabilities 2014: $7,840,000Net Assets 2014: $6,108,6862014Assets 2015: $18,797,213Liabilities 2015: $7,840,000Net Assets 2015: $10,957,2132015Assets 2016: $18,956,120Liabilities 2016: $7,840,000Net Assets 2016: $11,116,1202016Assets 2017: $18,507,209Liabilities 2017: $7,840,000Net Assets 2017: $10,667,2092017Assets 2018: $18,149,948Liabilities 2018: $7,840,000Net Assets 2018: $10,309,9482018Assets 2019: $17,792,687Liabilities 2019: $7,840,000Net Assets 2019: $9,952,6872019Assets 2020: $17,358,128Liabilities 2020: $0Net Assets 2020: $17,358,1282020Assets 2021: $17,477,980Liabilities 2021: $0Net Assets 2021: $17,477,9802021Assets 2022: $17,122,237Liabilities 2022: $0Net Assets 2022: $17,122,2372022Assets 2023: $17,058,883Liabilities 2023: $518,342Net Assets 2023: $16,540,5412023Assets 2024: $16,482,585Liabilities 2024: $338,668Net Assets 2024: $16,143,9172024

Highlighted filing

2020

Assets$17,358,128
Liabilities$0
Net Assets$17,358,128
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $1,250,043Expenses 2015: $326,325Net Income 2015: $923,7182015Revenue 2016: $0Expenses 2016: $293,158Net Income 2016: -$293,1582016Revenue 2017: -$357,101Expenses 2017: $0Net Income 2017: -$357,1012017Revenue 2018: -$357,261Expenses 2018: $0Net Income 2018: -$357,2612018Revenue 2019: -$357,261Expenses 2019: $0Net Income 2019: -$357,2612019Revenue 2020: $7,405,441Expenses 2020: $0Net Income 2020: $7,405,4412020Revenue 2021: $119,852Expenses 2021: $0Net Income 2021: $119,8522021Revenue 2022: -$355,743Expenses 2022: $0Net Income 2022: -$355,7432022Revenue 2023: -$581,696Expenses 2023: $0Net Income 2023: -$581,6962023Revenue 2024: -$396,624Expenses 2024: $0Net Income 2024: -$396,6242024

Highlighted filing

2020

Revenue$7,405,441
Expenses$0
Net Income$7,405,441
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 4, 2021
Return Version
2020v4.0
Gross Receipts
$7,841,715
Mission and Program Overview

Mission

To exclusively support and benefit, both operationally and/or financially, the texas public policy foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,712,803$17,357,182▼ $355,621
Cash and Non-Interest-Bearing Accounts$79,884$946▼ $78,938
Total Assets$17,792,687$17,358,128▼ $434,559
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,840,000--
Total Liabilities$7,840,000$0▼ $7,840,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,952,687$17,358,128▲ $7,405,441
Total Net Assets Fund Balance$9,952,687$17,358,128▲ $7,405,441
Total Liabilities and Net Assets / Fund Balance$17,792,687$17,358,128▼ $434,559

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,804,200$2,065,027$13,869,227
Land$5,552,982-$5,552,982
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleOtherTotal
Greg SindelarSecretary/tr$212,474$212,474

Board Members and Trustees

NameTitle
Joe NixonPresident
Kyle StallingsDirector
Greg SindelarSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,840,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-434,559
Change in Net Assets
$7,405,441

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$7,840,000
Total Noncash Contributions1$7,840,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is provided to the board of directors for review prior to being filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization obtains signed statements confirming that there are no conflicts of interest from the board of directors members.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
1835 Cannon Ltd
EIN
46-4041055
Phone
5124722700
Address
901 CONGRESS AVENUE, AUSTIN, TX 78701

Signing Officer

Name
Greg Sindelar
Title
Secretary/treasurer
Phone
5124722700
Signed
2021-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Sindelar
Formed
2013
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Jansen Valk Thompson & Reahm Pc
Address
7171 STADIUM DR, KALAMAZOO, MI 49009-4943
Preparer
Jennifer B Woolf
Phone
2693817600
Supplemental Narrative

Additional Explanations

Form 990

“The organization held two notes payable totaling 6,024,000 to a unrelated entity at the beginning of year that originated as part of the new markets tax credit (nmtc) program provided for in the community renewal tax relief act of 2000. Effective october 1, 2020, the nmtc statutory compliance period ended and the nmtc was unwound. As part of the unwinding of the nmtc, 1835 cannon, ltd.'s supported organization, texas public policy foundation (tppf) ended up having the two note documents distributed to tppf. Immediately upon receipt of the notes tppf forgave the notes. The forgiveness of the debt is reflected in contribution revenue in 2020.”

Raw XML Appendix341 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 ORGANIZATION HELD TWO NOTES PAYABLE TOTALING 6,024,000 TO A UNRELATED ENTITY AT THE BEGINNING OF YEAR THAT ORIGINATED AS PART OF THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM PROVIDED FOR IN THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. EFFECTIVE OCTOBER 1, 2020, THE NMTC STATUTORY COMPLIANCE PERIOD ENDED AND THE NMTC WAS UNWOUND. AS PART OF THE UNWINDING OF THE NMTC, 1835 CANNON, LTD.'S SUPPORTED ORGANIZATION, TEXAS PUBLIC POLICY FOUNDATION (TPPF) ENDED UP HAVING THE TWO NOTE DOCUMENTS DISTRIBUTED TO TPPF. IMMEDIATELY UPON RECEIPT OF THE NOTES TPPF FORGAVE THE NOTES. THE FORGIVENESS OF THE DEBT IS REFLECTED IN CONTRIBUTION REVENUE IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OBTAINS SIGNED STATEMENTS CONFIRMING THAT THERE ARE NO CONFLICTS OF INTEREST FROM THE BOARD OF DIRECTORS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt07840000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt17840000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PER LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LOAN AMT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FORGIVENESS LOAN BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TEXAS PUBLIC POLICY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TEXAS PUBLIC POLICY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2TEXAS PUBLIC POLICY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017792687
IRS990/TotalAssetsEOYAmt017358128
IRS990/TotalAssetsGrp/BOYAmt017792687
IRS990/TotalAssetsGrp/EOYAmt017358128
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt07840000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07840000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt07840000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09952687
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017358128
IRS990/TotalOtherCompensationAmt07367
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-434559
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07405441
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017792687
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017358128
IRS990/TotReportableCompRltdOrgAmt0205107
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0901 CONGRESS AVENUE
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078701
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG SINDELAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05124722700
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt01835 CANNON LTD
ReturnHeader/Filer/BusinessNameControlTxt01835
ReturnHeader/Filer/EIN0464041055
ReturnHeader/Filer/PhoneNum05124722700
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 CONGRESS AVENUE
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383186775
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JANSEN VALK THOMPSON & REAHM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07171 STADIUM DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KALAMAZOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0490094943
ReturnHeader/PreparerPersonGrp/PhoneNum02693817600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER B WOOLF
ReturnHeader/ReturnTs02021-11-01T11:59:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SINDELAR
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
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
$17,358,128
Liabilities
$0
Net assets
$17,358,128
Revenue
$7,405,441
Expenses
$0
Net income
$7,405,441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.34$16.1$0.40$0.00$0.40
2023Detailed filing. Detailed filing data is available for this year.$17.1$0.52$16.5$0.58$0.00$0.58
2022Detailed filing. Detailed filing data is available for this year.$17.1$0.00$17.1$0.36$0.00$0.36
2021Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$0.12$0.00$0.12
2020Detailed filing. Detailed filing data is available for this year.$17.4$0.00$17.4$7.41$0.00$7.41
2019Detailed filing. Detailed filing data is available for this year.$17.8$7.84$9.95$0.36$0.00$0.36
2018Detailed filing. Detailed filing data is available for this year.$18.1$7.84$10.3$0.36$0.00$0.36
2017Detailed filing. Detailed filing data is available for this year.$18.5$7.84$10.7$0.36$0.00$0.36
2016Detailed filing. Detailed filing data is available for this year.$19.0$7.84$11.1$0.00$0.29$0.29
2015Detailed filing. Detailed filing data is available for this year.$18.8$7.84$11.0$1.25$0.33$0.92
2014Summary only. Only limited summary data is available for this year.$13.9$7.84$6.11$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$7.84$7.84$0.00$0.00$0.00$0.00