Civic Intelligence

H E Butt Foundation

EIN 74-1239819 • Kerrville, TX

PO Box 290670Kerrville, TX 78029-0670
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.07x

Higher debt load relative to revenue than 18% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$396,707

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

$250M-$1B nonprofits • Source year 2022

Asset Growth

40th percentile

3.1%

Faster asset growth than 40% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

156%

Faster revenue growth than 95% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$761,951,572

Up $23,158,088 (+3.1%) from 2023

Liabilities

Up

$3,608,245

Up $1,053,751 (+41%) from 2023

Net Assets

$758,343,327

No earlier filing loaded for comparison.

Revenue

Up

$53,289,623

Up $32,462,294 (+156%) from 2023

Expenses

Up

$31,185,286

Up $2,463,199 (+8.6%) from 2023

Net Income

Up

$22,104,337

Up $29,999,095 (+380%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2011: $199,285,797Liabilities 2011: $145,7302011Assets 2012: $205,209,459Liabilities 2012: $411,0352012Assets 2013: $213,823,025Liabilities 2013: $284,0222013Assets 2014: $237,656,100Liabilities 2014: $337,1542014Assets 2015: $295,595,095Liabilities 2015: $434,6752015Assets 2019: $429,679,985Liabilities 2019: $938,6382019Assets 2020: $421,607,639Liabilities 2020: $1,801,666Net Assets 2020: $419,805,9732020Assets 2021: $421,607,639Liabilities 2021: $1,801,6662021Assets 2022: $747,030,638Liabilities 2022: $3,017,213Net Assets 2022: $744,013,4252022Assets 2023: $738,793,484Liabilities 2023: $2,554,4942023Assets 2024: $761,951,572Liabilities 2024: $3,608,245Net Assets 2024: $758,343,3272024

Highlighted filing

2024

Assets$761,951,572
Liabilities$3,608,245
Net Assets$758,343,327

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MRevenue 2011: $109,906,337Expenses 2011: $8,396,148Net Income 2011: $101,510,1892011Revenue 2012: $17,587,880Expenses 2012: $9,521,495Net Income 2012: $8,066,3852012Revenue 2013: $20,844,741Expenses 2013: $12,104,162Net Income 2013: $8,740,5792013Revenue 2014: $38,549,678Expenses 2014: $14,769,735Net Income 2014: $23,779,9432014Revenue 2015: $75,540,679Expenses 2015: $17,699,205Net Income 2015: $57,841,4742015Revenue 2019: $29,552,288Expenses 2019: $20,387,809Net Income 2019: $9,164,4792019Revenue 2020: $12,795,239Expenses 2020: $21,454,755Net Income 2020: -$8,659,5162020Revenue 2021: $12,795,239Expenses 2021: $21,454,755Net Income 2021: -$8,659,5162021Revenue 2022: $298,173,554Expenses 2022: $26,120,410Net Income 2022: $272,053,1442022Revenue 2023: $20,827,329Expenses 2023: $28,722,087Net Income 2023: -$7,894,7582023Revenue 2024: $53,289,623Expenses 2024: $31,185,286Net Income 2024: $22,104,3372024

Highlighted filing

2024

Revenue$53,289,623
Expenses$31,185,286
Net Income$22,104,337

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JANICE S FLYNNAsst. Secretary-TreasurerFT$412,659$20,700$433,359
DAVID M ROGERSPresidentFT$354,712$20,700$375,412
SARAH BUTT OLDESCHULTETrustee-$0--
HOWARD E BUTT IIITrustee-$0--
ALEXANDRA ROGERS CRAWFORDTrustee-$0--
STEPHEN W BUTTTrustee-$0--
DEBORAH BUTT ROGERSVP/Secretary-TreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
H E Butt Foundation
EIN
74-1239819
Phone
8303159214
Address
PO BOX 290670, KERRVILLE, TX 78029-0670

Signing Officer

Name
Janice S Flynn
Title
Chief Financial Officer
Phone
8303159214
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVE S, ISELIN, NJ 08830
Preparer
Michael Sales
Phone
7325164200
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt0ADAMS STREET CO-INVESTMENT FUND V
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt1AG CORE PLUS REALTY FUND IV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt2ARBORETUM VENTURES VI
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt3ARBOUR LANE CREDIT OPPORTUNITY FUND III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt4ARTISAN GLOBAL EQUITY FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt5BAIN CAPITAL SPECIAL SITUATIONS ASIA II
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt6BLACKROCK TRUST MSCI EAFE FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt7BLACKROCK TRUST R300 FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt8BLUE LAKE CAPITAL FUND III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt9BLUE LAKE CAPITAL OPPORTUNITY FUND I
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt10BOW RIVER CAPITAL RE III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt11CARVAL CREDIT VALUE FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt12CD&R FUND XII
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt13CH-IP PX3 (ALAMO), LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt14COHO FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt15COLLINS CAPITAL LOW VOLATILITY
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt16CORAL TREE PARTNERS, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt17CROW HOLDINGS REALTY PARTNERS X, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt18CROWN DISCOVERY OPPORTUNITIES S.C.SP.
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt19CROWN GROWTH OPPORTUNITIES EUROPE
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt20DCM PRIVATE EQUITY FUND III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt21EMERGING (FREE) MARKETS COUNTRY FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt22EMK CAPITAL PARTNERS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt23FRONTENAC XII PRIVATE CAPITAL
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt24GEORGIAN PARTNERS GROWTH FUND IV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt25GLENDOWER CAPITAL SECONDARY FUND IV
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt28GOLDENTREE DISTRESSED FUND IV
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt31GRAIN COMMUNICATIONS OPPORTUNITY FUND IV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt32ICG EUROPE FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt33INSIGNIA CAPITAL PARTNERS L.P.
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt34IPI PARTNERS III (NAME CHANGE "BLUE OWL INFRASTRUCTURE FUND III)
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt36KAYNE PRIVATE ENERGY INCOME FUND III
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt38KLCP OFFSHORE FUND III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt39LINDSELL TRAIN GLOBAL EQUITY LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt40LIVEOAK FUND I
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt41LIVEOAK VENTURE PARTNERS III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt42LUTHER KING PRIVATE DISCIPLINE
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt45MONROE CAPITAL
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt46MONTAUK TRIGUARD FUND VI
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt47NCS GLOBAL FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt48NORTHERN TRUST TIPS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt49OAKTREE REAL ESTATE
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt50PARTNERS GROUP DIRECT EQUITY
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt51PARTNERS GROUP DIRECT EQUITY V
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt54RANGER INVESTMENT MANAGEMENT
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt55SEARCHLIGHT CAPITAL III, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt56SEARCHLIGHT CAPITAL III (FC) AIV, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt57SEARCHLIGHT CAPITAL III FEY, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt58SEARCHLIGHT CAPITAL III OPT, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt59SPICEWOOD MINERAL PARTNERS FUND II, LP
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt60SSGA STATE STREET TREASURY INDEX FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt61STEPSTONE VC OPPORTUNITIES III
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt63STEPSTONE VC SECONDARIES FUND V
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt64THOMA BRAVO FUND XV-A
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt66TORTOISE COMMINGLED MLP FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt67TOWNSQUARE REAL ESTATE ALPHA FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt68TRIVE CAPITAL
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt70VANCE STREET CAPITAL III
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt71VOLTA ENERGY STORAGE FUND II
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IRS990PF/AnalysisIncomeProducingActyGrp/DividendsAndInterestFromSecDtl/ExclusionAmt06871329
IRS990PF/AnalysisIncomeProducingActyGrp/DividendsAndInterestFromSecDtl/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionAmt08805381
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionCd018
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/BusinessCd0901101
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/ExclusionAmt033101109
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/ExclusionCd001
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/UnrelatedBusinessTaxblIncmAmt02930915
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0PROPERTY TAX REFUND
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc1MISCELLANEOUS INCOME
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc2RECOVERY OF FOREIGN TAXES PAID
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc3FEDERAL EXCISE TAX REFUND
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc4REIMBURSEMENTS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc5VENDING MACHINE REVENUE
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt0239122
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt121541
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt220816
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt34315
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt41790
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt5768
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd001
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd101
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd201
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd301
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd401
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd501
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt049066171
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/UnrelatedBusinessTaxblIncmAmt02930915
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt051997086
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesAdjNetIncmAmt098575
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt098574
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt093575
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt0197149
IRS990PF/AnalysisOfRevenueAndExpenses/AdjustedNetIncomeAmt019747904
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt032889221
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstAdjNetIncmAmt038369
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt0713529

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