Civic Intelligence

Alamo Colleges Foundation Inc.

990 • Fiscal year 2017 • EIN 74-2422589

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 27, 2018

1819 North Main AvenueSan Antonio, TX 78212

(210) 485-0044

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

3rd percentile

0.00x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

92nd percentile

50%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-27%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$26,628,222

Up $2,946,924 (+12%) from 2016

Net Assets

Up

$26,628,222

Up $2,946,924 (+12%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$5,837,191

Down $2,118,230 (-27%) from 2016

Expenses

Down

$2,890,267

Down $601,707 (-17%) from 2016

Net Income

Down

$2,946,924

Down $1,516,523 (-34%) from 2016

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $12,282,315Liabilities 2010: $0Net Assets 2010: $12,282,3152010Assets 2011: $12,767,446Liabilities 2011: $0Net Assets 2011: $12,767,4462011Assets 2012: $15,414,882Liabilities 2012: $0Net Assets 2012: $15,414,8822012Assets 2013: $18,039,306Liabilities 2013: $0Net Assets 2013: $18,039,3062013Assets 2014: $20,531,378Liabilities 2014: $0Net Assets 2014: $20,531,3782014Assets 2015: $19,217,851Liabilities 2015: $0Net Assets 2015: $19,217,8512015Assets 2016: $23,681,298Liabilities 2016: $0Net Assets 2016: $23,681,2982016Assets 2017: $26,628,222Liabilities 2017: $0Net Assets 2017: $26,628,2222017Assets 2018: $25,886,207Liabilities 2018: $0Net Assets 2018: $25,886,2072018Assets 2019: $30,829,192Liabilities 2019: $0Net Assets 2019: $30,829,1922019Assets 2020: $56,850,156Liabilities 2020: $0Net Assets 2020: $56,850,1562020Assets 2021: $77,782,031Liabilities 2021: $1,203,436Net Assets 2021: $76,578,5952021Assets 2022: $67,992,284Liabilities 2022: $62,222Net Assets 2022: $67,930,0622022Assets 2023: $79,105,647Liabilities 2023: $156,758Net Assets 2023: $78,948,8892023Assets 2024: $89,167,530Liabilities 2024: $1,968,497Net Assets 2024: $87,199,0332024

Highlighted filing

2017

Assets$26,628,222
Liabilities$0
Net Assets$26,628,222

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $1,010,3662010Expenses 2011: $1,533,3282011Revenue 2012: $4,400,384Expenses 2012: $1,752,948Net Income 2012: $2,647,4362012Revenue 2013: $5,621,857Expenses 2013: $2,997,433Net Income 2013: $2,624,4242013Revenue 2014: $5,619,957Expenses 2014: $3,127,885Net Income 2014: $2,492,0722014Revenue 2015: $2,412,804Expenses 2015: $3,726,331Net Income 2015: -$1,313,5272015Revenue 2016: $7,955,421Expenses 2016: $3,491,974Net Income 2016: $4,463,4472016Revenue 2017: $5,837,191Expenses 2017: $2,890,267Net Income 2017: $2,946,9242017Revenue 2018: $3,812,185Expenses 2018: $2,919,415Net Income 2018: $892,7702018Revenue 2019: $4,075,792Expenses 2019: $2,693,478Net Income 2019: $1,382,3142019Revenue 2020: $27,321,984Expenses 2020: $4,181,029Net Income 2020: $23,140,9552020Revenue 2021: $21,582,510Expenses 2021: $7,677,611Net Income 2021: $13,904,8992021Revenue 2022: $7,470,427Expenses 2022: $5,371,876Net Income 2022: $2,098,5512022Revenue 2023: $9,257,102Expenses 2023: $5,774,370Net Income 2023: $3,482,7322023Revenue 2024: $11,608,191Expenses 2024: $9,210,847Net Income 2024: $2,397,3442024

Highlighted filing

2017

Revenue$5,837,191
Expenses$2,890,267
Net Income$2,946,924
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 27, 2018
Return Version
2017v2.3
Gross Receipts
$5,837,191
Mission and Program Overview

Mission

Provide post-secondary education scholarships and other educational support to and for students in the Alamo Colleges.

To develop resources to strengthen the districts capacity to empower for success the diverse communities served by its 5 colleges while seeking to inspire passion for education and active community involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,380,477$24,492,313▲ $3,111,836
Cash and Non-Interest-Bearing Accounts$2,300,821$2,135,909▼ $164,912
Total Assets$23,681,298$26,628,222▲ $2,946,924
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$16,459,361$17,352,581▲ $893,220
Temporarily Rstr Net Assets$7,205,219$9,207,699▲ $2,002,480
Unrestricted Net Assets$16,718$67,942▲ $51,224
Total Net Assets Fund Balance$23,681,298$26,628,222▲ $2,946,924
Total Liabilities and Net Assets / Fund Balance$23,681,298$26,628,222▲ $2,946,924

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$16,459,361$893,220--$17,352,581
2016$13,805,433$2,653,928--$16,459,361
2015$13,373,807$431,626--$13,805,433
2014$12,267,711$1,106,096--$13,373,807
2013$11,574,474$693,237--$12,267,711
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anthony WhiteChairman
Michael BeldonChairman-Emeritus
Pamela BainVice-Chairman
Blakely Latham FernandezDirector
Charles Martin WenderDirector
Chris CorsoDirector
Dr Yvonne KatzDirector
Hall HammondDirector
Janie GonzalezDirector
Ken ApplegateDirector
Michael BarryDirector
Philip LeiningerDirector
Paula McGeeSecretary
Dr Robert ZeiglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,955,681
Program Service Revenue
$0
Investment Income
$2,881,510
Other Revenue
$0
All Other Contributions
$2,955,681
Change in Net Assets
$2,946,924

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,247,251
Revenue Not Reported on Financial Statements
$589,940
Revenue Not Reported on Form 990
$490,090
Other Revenue Adjustments
$589,940
Total Revenue per Audited Statements
$5,737,341
Total Revenue per Form 990
$5,837,191
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,865,580
Other Expenses$24,687
Total Fundraising Expense$2,363
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,202,341--$2,202,341
Grants to Domestic Orgs$663,239--$663,239
Fees for Services Management-$10,105-$10,105
Fees for Services Accounting-$10,000-$10,000
Office Expenses-$2,219$2,363$4,582
Total Functional Expenses$2,865,580$22,324$2,363$2,890,267

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,403,901
Expenses per Audited Statements$2,890,267
Total Expenses per Form 990$2,890,267
Expenses Not Reported on Form 990$513,634
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alamo Colleges DistrictSan Antonio, TX501c3Mantaion Facilities and Services$663,239
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

The Finance and Audit Committee of the Board of Directors reviews the 990 with the paid preparer. A complete copy of the 990 is provided to the entire Board before filing.

Form 990, Part VI, Section B, Line 12C

The Board Secretary accumulates annual conflict of interest responses and reports any potential issues to the Board.

Form 990, Part VI, Section C, Line 19

The Organization makes its governing documents, conflict of interest policy, and audited financial statements available to the public on its website.

Filing and Contact Details

Filer

Filer Name
Alamo Colleges Foundation Inc
EIN
74-2422589
Phone
2104850044
Address
1819 North Main Avenue, San Antonio, TX 78212

Signing Officer

Name
Marie Kane
Title
Executive Director
Signed
2018-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Marie Kane
Formed
1984
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
R D Harrison CPA
Address
P O Box 65076, San Antonio, TX 78265-5076
Preparer
Roger D Harrison
Phone
2105453075
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Case for support Bexar County and the surrounding areas can count on the Alamo Colleges. For decades the Colleges have met the evolving needs of our students and our communities. The 5 colleges-St. Philips est. 1898, San Antonio 1925, Palo Alto 1985, Northwest Vista 1995, and Northeast Lakeview 2007- offer associate degrees in academic programs, certificates and licenses in occupational programs that prepare students for jobs, and courses that transfer to four-year colleges and universities and lead to bachelors degrees. Today, the Alamo Colleges Foundation is focused on building on the Colleges strengths to make students and the Colleges better prepared for the future and a knowledge-driven workplace.

Form 990, Part I, Line 1

This is a time of profound challenge and opportunity. Our challenges reach the very heart of our community. For Alamo Colleges students, household income averaged about 30,000. Approximately one-half of Alamo Colleges students qualified to receive federal financial assistance through Pell Grants, compared to about one-third in the Texas Community College System who received such aid.Of the adult population in San Antonio age 25 and over, approximately two-fifths lack a bachelors degree, associate degree, or even some college. Regional employers are experiencing shortages in qualified workers for new high-tech fields. They consistently cite education attainment and technical skills as key workforce necessities. All state agencies are facing fiscal pressures.The Alamo Colleges are effectively responding to industry needs and to the new fiscal reality by strategically improving performance and efficiency, and increasing philanthropy to help students with scholarship dollars that can cover tuition and related educational expenses.

Form 990, Part I, Line 1

The Alamo Colleges serve over 90,000 credit and non-credit students per semester, more than all of the other higher education institutions in Bexar County combined. Based on these numbers, the Alamo Colleges has a tremendous role in the growth and future of the San Antonio region. The importance of private support grows more essential if we are to continue as the number one educational services provider in the region. To accomplish the goal of providing the education that is necessary for the success of our citizens and our communities, the following must be achieved 1 increase access to education by funding non-endowed and endowed scholarships, 2 enhance the academic experience and workforce skills training, and 3 engage our community in building partnerships and capacity for service and learning.

Financial Statement Notes

XI 2D

Cash to Accrual Conversion

XII 2D

Cash to Accrual Conversion

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IRS990/PrincipalOfficerNm0Dr Marie Kane
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cash to Accrual Conversion
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cash to Accrual Conversion
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02202341
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships and Educational Support
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IRS990ScheduleI/RecipientTable/CashGrantAmt0663239
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Mantaion Facilities and Services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Alamo Colleges District
IRS990ScheduleI/RecipientTable/RecipientEIN0746002173
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 West Sheridan
IRS990ScheduleI/RecipientTable/USAddress/CityNm0San Antonio
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078204
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Finance and Audit Committee of the Board of Directors reviews the 990 with the paid preparer. A complete copy of the 990 is provided to the entire Board before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board Secretary accumulates annual conflict of interest responses and reports any potential issues to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its governing documents, conflict of interest policy, and audited financial statements available to the public on its website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Case for support Bexar County and the surrounding areas can count on the Alamo Colleges. For decades the Colleges have met the evolving needs of our students and our communities. The 5 colleges-St. Philips est. 1898, San Antonio 1925, Palo Alto 1985, Northwest Vista 1995, and Northeast Lakeview 2007- offer associate degrees in academic programs, certificates and licenses in occupational programs that prepare students for jobs, and courses that transfer to four-year colleges and universities and lead to bachelors degrees. Today, the Alamo Colleges Foundation is focused on building on the Colleges strengths to make students and the Colleges better prepared for the future and a knowledge-driven workplace.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This is a time of profound challenge and opportunity. Our challenges reach the very heart of our community. For Alamo Colleges students, household income averaged about 30,000. Approximately one-half of Alamo Colleges students qualified to receive federal financial assistance through Pell Grants, compared to about one-third in the Texas Community College System who received such aid.Of the adult population in San Antonio age 25 and over, approximately two-fifths lack a bachelors degree, associate degree, or even some college. Regional employers are experiencing shortages in qualified workers for new high-tech fields. They consistently cite education attainment and technical skills as key workforce necessities. All state agencies are facing fiscal pressures.The Alamo Colleges are effectively responding to industry needs and to the new fiscal reality by strategically improving performance and efficiency, and increasing philanthropy to help students with scholarship dollars that can cover tuition and related educational expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Alamo Colleges serve over 90,000 credit and non-credit students per semester, more than all of the other higher education institutions in Bexar County combined. Based on these numbers, the Alamo Colleges has a tremendous role in the growth and future of the San Antonio region. The importance of private support grows more essential if we are to continue as the number one educational services provider in the region. To accomplish the goal of providing the education that is necessary for the success of our citizens and our communities, the following must be achieved 1 increase access to education by funding non-endowed and endowed scholarships, 2 enhance the academic experience and workforce skills training, and 3 engage our community in building partnerships and capacity for service and learning.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part I, Line 1
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$1.97$87.2$11.6$9.21$2.40
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.1$0.16$78.9$9.26$5.77$3.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.0$0.06$67.9$7.47$5.37$2.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.8$1.20$76.6$21.6$7.68$13.9
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.9$0.00$56.9$27.3$4.18$23.1
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$0.00$30.8$4.08$2.69$1.38
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$0.00$25.9$3.81$2.92$0.89
2017Detailed filing. Detailed filing data is available for this year.$26.6$0.00$26.6$5.84$2.89$2.95
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$0.00$23.7$7.96$3.49$4.46
2015Detailed filing. Detailed filing data is available for this year.$19.2$0.00$19.2$2.41$3.73$1.31
2014Detailed filing. Detailed filing data is available for this year.$20.5$0.00$20.5$5.62$3.13$2.49
2013Detailed filing. Detailed filing data is available for this year.$18.0$0.00$18.0$5.62$3.00$2.62
2012Summary only. Only limited summary data is available for this year.$15.4$0.00$15.4$4.40$1.75$2.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.00$12.8$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.00$12.3$1.01