Civic Intelligence

Longview Area Chamber Education Foundation Inc.

990 • Fiscal year 2018 • EIN 47-3465934

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileN/A
411 North Center StreetLongview, TX 75601

(903) 237-4000

Siviq Scores

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

Liabilities / Assets

86th percentile

0.53x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.46x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

98th percentile

267%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

382%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$712,667

Up $518,711 (+267%) from 2017

Net Assets

Up

$332,816

Up $138,860 (+72%) from 2017

Liabilities

$379,851

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin74th percentile

Revenue

Up

$828,726

Up $656,726 (+382%) from 2017

Expenses

Up

$689,866

Up $681,185 (+7847%) from 2017

Net Income

Down

$138,860

Down $24,459 (-15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.0M$500K$0Assets 2017: $193,956Net Assets 2017: $193,9562017Assets 2018: $712,667Liabilities 2018: $379,851Net Assets 2018: $332,8162018Assets 2019: $810,584Liabilities 2019: $1Net Assets 2019: $810,5832019Assets 2020: $819,725Liabilities 2020: $2Net Assets 2020: $819,7232020Assets 2021: $782,924Liabilities 2021: $0Net Assets 2021: $782,9242021Assets 2022: $214,142Net Assets 2022: $214,1422022Assets 2024: $141,870Net Assets 2024: $141,8702024

Highlighted filing

2018

Assets$712,667
Liabilities$379,851
Net Assets$332,816
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2017: $172,000Expenses 2017: $8,681Net Income 2017: $163,3192017Revenue 2018: $828,726Expenses 2018: $689,866Net Income 2018: $138,8602018Revenue 2019: $677,814Expenses 2019: $200,047Net Income 2019: $477,7672019Revenue 2020: $253,104Expenses 2020: $243,964Net Income 2020: $9,1402020Revenue 2021: $187,205Expenses 2021: $224,006Net Income 2021: -$36,8012021Revenue 2022: $35,994Expenses 2022: $604,776Net Income 2022: -$568,7822022Revenue 2024: $66,009Expenses 2024: $72,124Net Income 2024: -$6,1152024

Highlighted filing

2018

Revenue$828,726
Expenses$689,866
Net Income$138,860
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$828,726
Mission and Program Overview

Mission

The foundation is organized and operated to achieve charitable and educational initiatives tht impact community development, economic development, redevelopement, leadership development and educational initiatives in the longview, texas trade area.

The foundation is organized and operated to achieve charitable and educational initiatives that impact community development, economic development, redevelopement, leadership development and educational initiatives in the longview, texas trade area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$454,396-
Cash and Non-Interest-Bearing Accounts$154,863$176,874▲ $22,011
Prepaid Expenses and Deferred Charges-$73,000-
Intangible Assets$39,093$8,397▼ $30,696
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$193,956$712,667▲ $518,711
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$377,960-
Accounts Payable and Accrued Expenses-$1,891-
Total Liabilities$0$379,851▲ $379,851
Net Assets / Fund Balance
Unrestricted Net Assets$122,397$178,654▲ $56,257
Temporarily Rstr Net Assets$71,559$154,162▲ $82,603
Total Net Assets Fund Balance$193,956$332,816▲ $138,860
Total Liabilities and Net Assets / Fund Balance$193,956$712,667▲ $518,711

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$422,325$3,549$425,874
Other Land Buildings$32,071$1,688$33,759
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Brad TidwellChairman
Gregg WrightDirector
Josh BlackDirector
Ken HallDirector
Lester LucyDirector
P Anne HugmanDirector
Peggy VaughanDirector
Rogers Pope JrDirector
Ron HutchinsonDirector
Ruben MartinDirector
Wade JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$828,726
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$487,812
Change in Net Assets
$138,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$828,726
Total Revenue per Audited Statements
$828,726
Total Revenue per Form 990
$828,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$514,800
Other Expenses$175,066
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$514,800--$514,800
Occupancy$61,090--$61,090
Advertising$6,293--$6,293
Depreciation Depletion$5,933--$5,933
Fees for Services Accounting-$3,100-$3,100
Interest$2,052--$2,052
Fees for Services Legal$1,172$428-$1,600
Other Expenses$1,439--$1,439
All Other Expenses$758$289-$1,047
Information Technology$650--$650
Office Expenses$588--$588
Total Functional Expenses$686,049$3,817$0$689,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$689,866
Total Expenses per Audited Statements$689,866
Total Expenses per Form 990$689,866
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Longview IsdLongview, TX-Purchaseequipment for Academy$514,800
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Johnny Vaughan--No-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

“BOARD REVIEW”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“UPON REQUEST”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Longview Area Chamber Education
EIN
47-3465934
Phone
9032374000
Address
411 NORTH CENTER STREET, LONGVIEW, TX 75601

Signing Officer

Name
Kelly Hall
Title
Executive Director
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
0
Employees
0

Preparer

Firm
John Lee Ussery CPA Pc
Address
2020 Bill Owens Pkwy Suite 160, Longview, TX 75604
Preparer
John Lee Ussery CPA
Phone
9032958017
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt073000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0172000
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08681
IRS990/PYRevenuesLessExpensesAmt0163319
IRS990/PYTotalExpensesAmt08681
IRS990/PYTotalRevenueAmt0172000
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0138860
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0828726
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0172000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01000726
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01000726
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0828726
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0172000
IRS990ScheduleA/Total509Grp/TotalAmt01000726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0828726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0172000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01000726
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0689866
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0422325
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03549
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0425874
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt032071
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033759
IRS990ScheduleD/RevenueSubtotalAmt0828726
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0454396
IRS990ScheduleD/TotalExpensesPerForm990Amt0689866
IRS990ScheduleD/TotalRevenuePerForm990Amt0828726
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0828726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0689866
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0514800
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PURCHASEEQUIPMENT FOR ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LONGVIEW ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0756001977
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01301 EAST YOUNG STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LONGVIEW
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075602
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOHNNY VAUGHAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0LINE OF CREDIT COLLATERALIZED BY CERTIFICATES OF DEPOSIT OWNED BY JOHNNY VAUGHAN HUSBAND OF BOARD DIRECTOR PEGGY VAUGHAN
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt071559
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0154162
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0193956
IRS990/TotalAssetsEOYAmt0712667
IRS990/TotalAssetsGrp/BOYAmt0193956
IRS990/TotalAssetsGrp/EOYAmt0712667
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0828726
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$712,667
Liabilities
$379,851
Net assets
$332,816
Revenue
$828,726
Expenses
$689,866
Net income
$138,860
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.42$1.42$0.66$0.72$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.14$2.14$0.36$6.05$5.69
2021Detailed filing. Detailed filing data is available for this year.$7.83$0.00$7.83$1.87$2.24$0.37
2020Detailed filing. Detailed filing data is available for this year.$8.20$0.00$8.20$2.53$2.44$0.09
2019Detailed filing. Detailed filing data is available for this year.$8.11$0.00$8.11$6.78$2.00$4.78
2018Detailed filing. Detailed filing data is available for this year.$7.13$3.80$3.33$8.29$6.90$1.39
2017Detailed filing. Detailed filing data is available for this year.$1.94$1.94$1.72$0.09$1.63