Civic Intelligence

Interfaith Education Fund Inc

990 • Fiscal year 2020 • EIN 74-2548241

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

1106 Clayton Lane 120WAustin, TX 78723

(512) 459-6551

Siviq Scores

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

Liabilities / Assets

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.46x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$238,107

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 26.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.9%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-29%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,220,123

Up $47,271 (+0.9%) from 2019

Net Assets

Down

$4,800,632

Down $28,879 (-0.6%) from 2019

Liabilities

Up

$419,491

Up $76,150 (+22%) from 2019

Revenue

Down

$914,341

Down $376,440 (-29%) from 2019

Expenses

Down

$1,108,092

Down $558,153 (-33%) from 2019

Net Income

Up

-$193,751

Up $181,713 (+48%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,080,580Liabilities 2011: $144,506Net Assets 2011: $4,936,0742011Assets 2012: $5,396,108Liabilities 2012: $105,929Net Assets 2012: $5,290,1792012Assets 2013: $5,307,718Liabilities 2013: $40,409Net Assets 2013: $5,267,3092013Assets 2014: $4,953,129Liabilities 2014: $57,517Net Assets 2014: $4,895,6122014Assets 2015: $4,944,466Liabilities 2015: $40,533Net Assets 2015: $4,903,9332015Assets 2016: $5,354,442Liabilities 2016: $35,970Net Assets 2016: $5,318,4722016Assets 2017: $5,625,329Liabilities 2017: $59,663Net Assets 2017: $5,565,6662017Assets 2018: $5,374,938Liabilities 2018: $585,306Net Assets 2018: $4,789,6322018Assets 2019: $5,172,852Liabilities 2019: $343,341Net Assets 2019: $4,829,5112019Assets 2020: $5,220,123Liabilities 2020: $419,491Net Assets 2020: $4,800,6322020Assets 2021: $5,294,219Liabilities 2021: $148,478Net Assets 2021: $5,145,7412021Assets 2022: $4,663,478Liabilities 2022: $314,482Net Assets 2022: $4,348,9962022Assets 2023: $4,004,204Liabilities 2023: $205,545Net Assets 2023: $3,798,6592023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$5,220,123
Liabilities$419,491
Net Assets$4,800,632

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,647,1362011Expenses 2012: $2,160,3332012Revenue 2013: $1,825,005Expenses 2013: $1,894,762Net Income 2013: -$69,7572013Revenue 2014: $1,159,429Expenses 2014: $1,525,935Net Income 2014: -$366,5062014Revenue 2015: $1,559,778Expenses 2015: $1,262,014Net Income 2015: $297,7642015Revenue 2016: $1,663,641Expenses 2016: $1,383,588Net Income 2016: $280,0532016Revenue 2017: $1,781,086Expenses 2017: $1,714,577Net Income 2017: $66,5092017Revenue 2018: $1,747,389Expenses 2018: $2,156,953Net Income 2018: -$409,5642018Revenue 2019: $1,290,781Expenses 2019: $1,666,245Net Income 2019: -$375,4642019Revenue 2020: $914,341Expenses 2020: $1,108,092Net Income 2020: -$193,7512020Revenue 2021: $6,469,194Expenses 2021: $6,199,741Net Income 2021: $269,4532021Revenue 2022: $1,179,310Expenses 2022: $1,430,704Net Income 2022: -$251,3942022Revenue 2023: $855,522Expenses 2023: $1,532,102Net Income 2023: -$676,5802023Revenue 2024: $14,773Expenses 2024: $350Net Income 2024: $14,4232024

Highlighted filing

2020

Revenue$914,341
Expenses$1,108,092
Net Income-$193,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$2,168,356
Mission and Program Overview

Mission

Providing training and education on public issues affecting the welfare of West and Southwestern United States families, as well as researching and publicizing studies related to such issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,105,290$3,101,170▼ $4,120
Investments Other Securities$978,485$972,497▼ $5,988
Savings and Temporary Cash Investments$546,722$649,585▲ $102,863
Cash and Non-Interest-Bearing Accounts$123,391$281,926▲ $158,535
Pledges and Grants Receivable$200,000$100,000▼ $100,000
Accounts Receivable$179,921$78,869▼ $101,052
Land, Buildings, and Equipment, Net$28,437$28,618▲ $181
Prepaid Expenses and Deferred Charges$8,798$4,925▼ $3,873
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,172,852$5,220,123▲ $47,271
Other Assets Total$1,808$2,533▲ $725
Liabilities
Grants Payable$300,000$300,000→ $0
Accounts Payable and Accrued Expenses$43,341$94,491▲ $51,150
Other Liabilities-$25,000-
Total Liabilities$343,341$419,491▲ $76,150
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,492,379$4,681,594▲ $189,215
Net Assets With Donor Restrictions$337,132$119,038▼ $218,094
Total Net Assets Fund Balance$4,829,511$4,800,632▼ $28,879
Total Liabilities and Net Assets / Fund Balance$5,172,852$5,220,123▲ $47,271

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,618$37,049$65,667
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ernesto Cortes JrExec DirectorPT$170,000$68,107$238,107
Paul TurnerAssoc DirectorFT$172,500$29,518$202,018
Patty TenorioExec AssistFT$100,804$9,120$109,924

Board Members and Trustees

NameTitle
David GarciaChairman
Consuelo TovarDirector
John LinderDirector
Mary Beth RogersDirector
Minerva CarcanoDirector
Rhenel JohnsonDirector
John KorcsmarSecretary
Regina RogoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$422,683
Program Service Revenue
$413,710
Investment Income
$77,948
Other Revenue
$0
All Other Contributions
$422,683
Change in Net Assets
$-193,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$623,947
Salaries, Compensation, and Employee Benefits$444,145
Grants and Similar Amounts Paid$40,000
Total Fundraising Expense$15,535
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$277,810--$277,810
Current Officers, Directors, Trustees, and Key Employees$155,250$17,250-$172,500
Other Salaries and Wages$71,697$100,133-$171,830
Fees for Services Accounting-$84,130-$84,130
Other Employee Benefits$51,310$24,023-$75,333
Occupancy$22,118$51,613-$73,731
Travel$32,774-$15,535$48,309
Grants to Domestic Orgs$40,000--$40,000
Payroll Taxes$15,588$8,894-$24,482
Office Expenses$3,597$8,392-$11,989
Depreciation Depletion$2,781$6,488-$9,269
Insurance-$8,003-$8,003
Other Expenses$3,482$6,817-$6,817
All Other Expenses$5,256$1,404-$6,660
Fees for Services Legal-$6,000-$6,000
Total Functional Expenses$743,122$349,435$15,535$1,108,092
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cops Metro Education FundSan Antonio, TX501(c)(3)Operational support$40,000
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency funds$25,000
Governance and Compliance

Governance Checklist

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

A draft of Form 990 is distributed to the entire Board electronically. The entire Board has an opportunity to comment on the return before it is finalized and filed.

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

Certain other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Interfaith Education Fund Inc
EIN
74-2548241
Phone
5124596551
Address
1106 Clayton Lane 120W, Austin, TX 78723

Signing Officer

Name
Paul Turner
Title
Associate Director
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernesto Cortes Jr
Formed
1989
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
8

Preparer

Firm
Dunagan Jack LLP
Address
3724 Jefferson Street Suite 307, Austin, TX 78731
Preparer
Gary Joseph Jack
Phone
5124208997
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.00$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.00$0.21$3.80$0.86$1.53$0.68
2022Detailed filing. Detailed filing data is available for this year.$4.66$0.31$4.35$1.18$1.43$0.25
2021Detailed filing. Detailed filing data is available for this year.$5.29$0.15$5.15$6.47$6.20$0.27
2020Detailed filing. Detailed filing data is available for this year.$5.22$0.42$4.80$0.91$1.11$0.19
2019Detailed filing. Detailed filing data is available for this year.$5.17$0.34$4.83$1.29$1.67$0.38
2018Detailed filing. Detailed filing data is available for this year.$5.37$0.59$4.79$1.75$2.16$0.41
2017Detailed filing. Detailed filing data is available for this year.$5.63$0.06$5.57$1.78$1.71$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.35$0.04$5.32$1.66$1.38$0.28
2015Detailed filing. Detailed filing data is available for this year.$4.94$0.04$4.90$1.56$1.26$0.30
2014Detailed filing. Detailed filing data is available for this year.$4.95$0.06$4.90$1.16$1.53$0.37
2013Detailed filing. Detailed filing data is available for this year.$5.31$0.04$5.27$1.83$1.89$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$0.11$5.29$2.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.14$4.94$2.65