Civic Intelligence

American Payroll Institute

EIN 74-2939641 • 501(c)2 • San Antonio, TX

Profile

American payroll institute properties, inc. Was established to hold title to real estate in texas for another exempt organization.

660 North Main AvenueSan Antonio, TX 78205

www.payroll.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)2 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.08x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)2 • $5M-$10M nonprofits • Source year 2024

Net Margin

68th percentile

45%

Higher net margin than 68% of similar nonprofits.

501(c)2 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$2,848,912

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 228.8% of source-year revenue.

501(c)2 • $5M-$10M nonprofits • Source year 2024

Asset Growth

80th percentile

8.1%

Faster asset growth than 80% of similar nonprofits.

501(c)2 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-38%

Faster revenue growth than 11% of similar nonprofits.

501(c)2 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,885,850

Up $516,506 (+8.1%) from 2023

Liabilities

Down

$98,139

Down $43,190 (-31%) from 2023

Net Assets

Up

$6,787,711

Up $559,696 (+9.0%) from 2023

Revenue

Down

$1,244,885

Down $778,610 (-38%) from 2023

Expenses

Up

$685,189

Up $281,370 (+70%) from 2023

Net Income

Down

$559,696

Down $1,059,980 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2014: $1,817,331Liabilities 2014: $6,208,702Net Assets 2014: -$4,391,3712014Assets 2015: $1,652,025Liabilities 2015: $6,296,190Net Assets 2015: -$4,644,1652015Assets 2016: $1,511,981Liabilities 2016: $6,699,934Net Assets 2016: -$5,187,9532016Assets 2017: $1,397,622Liabilities 2017: $7,219,078Net Assets 2017: -$5,821,4562017Assets 2018: $1,378,379Liabilities 2018: $7,168,532Net Assets 2018: -$5,790,1532018Assets 2019: $1,231,000Liabilities 2019: $5,616,718Net Assets 2019: -$4,385,7182019Assets 2020: $1,207,501Liabilities 2020: $4,306,581Net Assets 2020: -$3,099,0802020Assets 2021: $1,159,166Liabilities 2021: $3,237,120Net Assets 2021: -$2,077,9542021Assets 2022: $788,338Liabilities 2022: -$3,820,001Net Assets 2022: $4,608,3392022Assets 2023: $6,369,344Liabilities 2023: $141,329Net Assets 2023: $6,228,0152023Assets 2024: $6,885,850Liabilities 2024: $98,139Net Assets 2024: $6,787,7112024

Highlighted filing

2024

Assets$6,885,850
Liabilities$98,139
Net Assets$6,787,711

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $295,250Expenses 2014: $825,069Net Income 2014: -$529,8192014Revenue 2015: $263,342Expenses 2015: $516,136Net Income 2015: -$252,7942015Revenue 2016: $270,225Expenses 2016: $814,013Net Income 2016: -$543,7882016Revenue 2017: $372,767Expenses 2017: $1,006,270Net Income 2017: -$633,5032017Revenue 2018: $500,964Expenses 2018: $469,661Net Income 2018: $31,3032018Revenue 2019: $2,120,939Expenses 2019: $716,504Net Income 2019: $1,404,4352019Revenue 2020: $1,682,372Expenses 2020: $395,734Net Income 2020: $1,286,6382020Revenue 2021: $1,478,314Expenses 2021: $457,188Net Income 2021: $1,021,1262021Revenue 2022: $3,079,521Expenses 2022: $395,302Net Income 2022: $2,684,2192022Revenue 2023: $2,023,495Expenses 2023: $403,819Net Income 2023: $1,619,6762023Revenue 2024: $1,244,885Expenses 2024: $685,189Net Income 2024: $559,6962024

Highlighted filing

2024

Revenue$1,244,885
Expenses$685,189
Net Income$559,696

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.1
Gross Receipts
$1,374,337
Mission and Program Overview

Mission

American payroll institute properties, inc. Was established to hold title to real estate for another exempt organization

Real estate holding for another exempt organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$715,478$1,353,513▲ $638,035
Accounts Receivable$68,392--
Prepaid Expenses and Deferred Charges$44,809$34,946▼ $9,863
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$6,369,344$6,885,850▲ $516,506
Other Assets Total$5,540,665$5,497,391▼ $43,274
Liabilities
Accounts Payable and Accrued Expenses$141,329$98,139▼ $43,190
Other Liabilities$0$0→ $0
Total Liabilities$141,329$98,139▼ $43,190
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,228,015$6,787,711▲ $559,696
Total Net Assets Fund Balance$6,228,015$6,787,711▲ $559,696
Total Liabilities and Net Assets / Fund Balance$6,369,344$6,885,850▲ $516,506

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,112$2,713,510$2,767,622
Other Land Buildings$622,306-$622,306
Land$564,682-$564,682
Leasehold Improvements$53,229$25,858$79,087
Equipment$59,184$10,062$69,246
Other Assets Org$5,497,391--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Daniel J MadduxPresident$8,484$5,760$14,244
Eileen GaughranSecretary$1,020$289$1,309
Curtis TatumVice President and Treasurer$786$181$967
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,244,885
Change in Net Assets
$559,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,994
Salaries, Compensation, and Employee Benefits$309,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$340,497
Other Salaries and Wages---$156,646
Other Employee Benefits---$136,029
Depreciation Depletion---$22,284
Current Officers, Directors, Trustees, and Key Employees---$16,520
Fees for Services Other---$10,636
Information Technology---$1,061
Other Expenses---$1,049
Office Expenses---$467
Total Functional Expenses$0$0$0$685,189
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A Material differences in voting rights

The parent company's bod (api) appointed the officers of the entity. The bod still has oversight and approval of activities.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Prior to filing, the 990 is distributed through a secured website that all board members have access to. The board members review the information on their own and are asked to direct any questions to the executive director or cfo. Barring objections, the returns are filed.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The executive director's salary and bonus are reviewed by an independently engaged consulting firm, who gathers comparable salary to present to an executive compensation committee. The study is reviewed by the executive committee and the full board of directors. The compensation is regulated by an employment contract. Note: this is determined at the parent level. Compensation is allocated by the ed to related organizations based on time spent. The compensation is approved annually during the fall board meeting. The review last took place in april 2024 and the executive director's employment contract was renewed.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes these documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Payroll Institute Properties Inc
EIN
74-2939641
Phone
2102264600
Address
660 North Main Avenue, San Antonio, TX 78205

Signing Officer

Name
Daniel J Maddux
Title
Executive Director
Phone
2102264600
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XI, Line 2 ASC 740 FOOTNOTE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identitfied any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DANIEL J MADDUX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CURTIS TATUM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2EILEEN GAUGHRAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT AND TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY A COMMITTEE OF THE RELATED PARENT ENTITY (API).
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DANIEL J. MADDUX, EXECUTIVE DIRECTOR, HAS A NON-QUALIFIED RETIREMENT PLAN AGREEMENT WITH THE ORGANIZATION. THE ORGANIZATION CONTRIBUTED $135,745 IN 2024.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENT COMPANY'S BOD (API) APPOINTED THE OFFICERS OF THE ENTITY. THE BOD STILL HAS OVERSIGHT AND APPROVAL OF ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO FILING, THE 990 IS DISTRIBUTED THROUGH A SECURED WEBSITE THAT ALL BOARD MEMBERS HAVE ACCESS TO. THE BOARD MEMBERS REVIEW THE INFORMATION ON THEIR OWN AND ARE ASKED TO DIRECT ANY QUESTIONS TO THE EXECUTIVE DIRECTOR OR CFO. BARRING OBJECTIONS, THE RETURNS ARE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY AND BONUS ARE REVIEWED BY AN INDEPENDENTLY ENGAGED CONSULTING FIRM, WHO GATHERS COMPARABLE SALARY TO PRESENT TO AN EXECUTIVE COMPENSATION COMMITTEE. THE STUDY IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THE COMPENSATION IS REGULATED BY AN EMPLOYMENT CONTRACT. NOTE: THIS IS DETERMINED AT THE PARENT LEVEL. COMPENSATION IS ALLOCATED BY THE ED TO RELATED ORGANIZATIONS BASED ON TIME SPENT. THE COMPENSATION IS APPROVED ANNUALLY DURING THE FALL BOARD MEETING. THE REVIEW LAST TOOK PLACE IN APRIL 2024 AND THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT WAS RENEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 1a Material differences in voting rights
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19 Required documents available to the public
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AMERICAN PAYROLL INSTITUTE INC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0American Payroll Institute Services Inc
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5AMERICAN PAYROLL INSTITUTE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0American Payroll Institute Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1API Fund for Payroll Education Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2API DC Properties Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3API Education Trust
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4API Nevada Properties Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5Global Payroll Management Institute Inc
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3660 North Main Avenue 100
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