Civic Intelligence

Ls Classic Foundation

990 • Fiscal year 2017 • EIN 74-2931329

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 24, 2018

7900 Fm 1826 Bldg 2 Ste 105Austin, TX 78737

(512) 828-5625

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

95th percentile

96%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

63%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,080,969

Up $529,184 (+96%) from 2016

Net Assets

Up

$1,069,237

Up $529,349 (+98%) from 2016

Liabilities

Down

$11,732

Down $165 (-1.4%) from 2016

Revenue

Up

$1,068,222

Up $410,861 (+63%) from 2016

Expenses

Down

$538,873

Down $241,297 (-31%) from 2016

Net Income

Up

$529,349

Up $652,158 (+531%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $554,850Liabilities 2011: $742Net Assets 2011: $554,1082011Assets 2012: $377,687Liabilities 2012: $898Net Assets 2012: $376,7892012Assets 2013: $482,456Liabilities 2013: $853Net Assets 2013: $481,6032013Assets 2014: $548,270Liabilities 2014: $1,674Net Assets 2014: $546,5962014Assets 2015: $668,240Liabilities 2015: $5,543Net Assets 2015: $662,6972015Assets 2016: $551,785Liabilities 2016: $11,897Net Assets 2016: $539,8882016Assets 2017: $1,080,969Liabilities 2017: $11,732Net Assets 2017: $1,069,2372017Assets 2018: $1,047,532Liabilities 2018: $13,181Net Assets 2018: $1,034,3512018Assets 2019: $999,190Liabilities 2019: $3,013Net Assets 2019: $996,1772019Assets 2020: $772,702Liabilities 2020: -$766Net Assets 2020: $773,4682020Assets 2021: $501,248Liabilities 2021: -$1,027Net Assets 2021: $502,2752021Assets 2022: $1,036,001Liabilities 2022: $6,102Net Assets 2022: $1,029,8992022Assets 2023: $2,941,969Liabilities 2023: $4,605Net Assets 2023: $2,937,3642023Assets 2024: $3,077,981Liabilities 2024: $1,695Net Assets 2024: $3,076,2862024

Highlighted filing

2017

Assets$1,080,969
Liabilities$11,732
Net Assets$1,069,237

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $496,941Expenses 2011: $178,657Net Income 2011: $318,2842011Revenue 2012: $603,884Expenses 2012: $781,203Net Income 2012: -$177,3192012Revenue 2013: $423,987Expenses 2013: $319,173Net Income 2013: $104,8142013Revenue 2014: $621,679Expenses 2014: $556,686Net Income 2014: $64,9932014Revenue 2015: $914,083Expenses 2015: $797,982Net Income 2015: $116,1012015Revenue 2016: $657,361Expenses 2016: $780,170Net Income 2016: -$122,8092016Revenue 2017: $1,068,222Expenses 2017: $538,873Net Income 2017: $529,3492017Revenue 2018: $740,345Expenses 2018: $775,231Net Income 2018: -$34,8862018Revenue 2019: $871,915Expenses 2019: $910,089Net Income 2019: -$38,1742019Revenue 2020: $408,252Expenses 2020: $630,961Net Income 2020: -$222,7092020Revenue 2021: $509,558Expenses 2021: $783,604Net Income 2021: -$274,0462021Revenue 2022: $1,156,506Expenses 2022: $685,689Net Income 2022: $470,8172022Revenue 2023: $2,577,479Expenses 2023: $669,764Net Income 2023: $1,907,7152023Revenue 2024: $962,113Expenses 2024: $823,193Net Income 2024: $138,9202024

Highlighted filing

2017

Revenue$1,068,222
Expenses$538,873
Net Income$529,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 24, 2018
Return Version
2017v2.3
Gross Receipts
$1,231,951
Mission and Program Overview

Mission

Funding for medical research

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$538,391$1,035,779▲ $497,388
Accounts Receivable$8,500$45,190▲ $36,690
Land, Buildings, and Equipment, Net$4,894--
Total Assets$551,785$1,080,969▲ $529,184
Liabilities
Other Liabilities$11,897$10,778▼ $1,119
Accounts Payable and Accrued Expenses-$954-
Total Liabilities$11,897$11,732▼ $165
Net Assets / Fund Balance
Unrestricted Net Assets$539,888$1,069,237▲ $529,349
Total Net Assets Fund Balance$539,888$1,069,237▲ $529,349
Total Liabilities and Net Assets / Fund Balance$551,785$1,080,969▲ $529,184

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$68,265$68,265
Compensation and Service Providers

Board Members and Trustees

NameTitle
L Douglas EnglishPresident
Bill EngvallBoard Member
Carl MillerBoard Member
Daniel CurtisBoard Member
Dr Roger ParthasarathyBoard Member
Holly MuninBoard Member
Kelly SharpBoard Member
Kent WaldrepBoard Member
Leslee MasseyBoard Member
Steve BartholemewBoard Member
Mike HaynesExec. Director
Laura PeckSecretary
Jack RanneyVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$831,655
Program Service Revenue
$0
Investment Income
$7,770
Other Revenue
$228,797
All Other Contributions
$831,655
Change in Net Assets
$529,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,011
Grants and Similar Amounts Paid$86,167
Salaries, Compensation, and Employee Benefits$71,695
Total Fundraising Expense$634
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,000--$75,000
Other Salaries and Wages-$66,600-$66,600
Grants to Domestic Individuals$11,167--$11,167
Payroll Taxes-$5,095-$5,095
Depreciation Depletion-$4,894-$4,894
Occupancy-$4,845-$4,845
Travel-$4,561-$4,561
All Other Expenses$1,528$2,111$634$4,273
Other Expenses$27,600$3,227-$3,227
Office Expenses-$2,390-$2,390
Fees for Services Accounting-$881-$881
Insurance-$788-$788
Total Functional Expenses$442,847$95,392$634$538,873
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Texas at AustinAustin, TX3Research Funding$60,000
Neuraptive Therapeutics IncLafayette, CO--$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$392,526
Fundraising Direct Expenses$163,729
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$271,361$271,361$105,831$165,530
Pay It Forward$102,065$102,065$45,889$56,176
Total Events$392,526$392,526$153,443$239,083
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$10,778
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Information is available upon request.

Filing and Contact Details

Filer

Filer Name
Ls Classic Foundation
EIN
74-2931329
Phone
5128285625
Address
7900 FM 1826 BLDG 2 STE 105, AUSTIN, TX 78737

Signing Officer

Name
Mike Haynes
Title
Exec. Director
Phone
5128285625
Signed
2018-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Haynes
Formed
2000
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
70

Preparer

Firm
Rick C Reed & Company Pllc
Address
352 LANDA STREET, NEW BRAUNFELS, TX 78130
Preparer
Kenneth C Ward
Phone
8306258068
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0213890
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03121781
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03814
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt025236
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0222229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0423012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0197415
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0216020
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01451202
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03814
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt025236
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.59470
IRS990ScheduleA/PublicSupportPY509Pct00.58830
IRS990ScheduleA/PublicSupportTotal509Amt02734497
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0600686
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0359250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0235867
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0428793
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0213890
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01838486
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01224181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0861090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01068647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0809370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0609695
IRS990ScheduleA/Total509Grp/TotalAmt04572983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01231951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0867873
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01075516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0813184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0609695
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04598219
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068265
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalLiabilityAmt010778
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0153443
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PAY IT FORWARD
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0102065
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt019100
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0271361
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0102065
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt045889
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011167
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MEDICAL ASSISTANCE
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF TEXAS AT AUSTIN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NEURAPTIVE THERAPEUTICS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0SECTION OF NEUROBIOLOGY
IRS990ScheduleI/RecipientTable/RecipientEIN0746000203
IRS990ScheduleI/RecipientTable/RecipientEIN1821914769
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 UNIVERSITY STATION C0920
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12697 TRAILRIDGE DRIVE WEST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AUSTIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LAFAYETTE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078712
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd180026
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THROUGH DIRECT CONTACT WITH DONEE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0551785
IRS990/TotalAssetsGrp/EOYAmt01080969
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0831655
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0634
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095392
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442847
IRS990/TotalFunctionalExpensesGrp/TotalAmt0538873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011897
IRS990/TotalLiabilitiesEOYAmt011732
IRS990/TotalLiabilitiesGrp/BOYAmt011897
IRS990/TotalLiabilitiesGrp/EOYAmt011732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0539888
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01069237
IRS990/TotalProgramServiceExpensesAmt0442847
IRS990/TotalRevenueGrp/ExclusionAmt07770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01068222
IRS990/TotalVolunteersCnt070

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$0.00$3.08$0.96$0.82$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.00$2.94$2.58$0.67$1.91
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.03$1.16$0.69$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.00$0.50$0.51$0.78$0.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.41$0.63$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.87$0.91$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.03$0.74$0.78$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$1.07$0.54$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.01$0.54$0.66$0.78$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$0.91$0.80$0.12
2014Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.62$0.56$0.06
2013Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.42$0.32$0.10
2012Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.60$0.78$0.18
2011Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.50$0.18$0.32