Civic Intelligence

Greater Fayette Community Foundation

990 • Fiscal year 2021 • EIN 74-2997477

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2023

PO Box 664LA Grange, TX 78945-0430

(979) 968-9575

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

95th percentile

79%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$42,500

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

134%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

211%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,019,356

Up $583,566 (+134%) from 2020

Net Assets

Up

$1,017,079

Up $582,638 (+134%) from 2020

Liabilities

Up

$2,277

Up $928 (+69%) from 2020

Revenue

Up

$707,129

Up $479,395 (+211%) from 2020

Expenses

Up

$148,775

Up $109,290 (+277%) from 2020

Net Income

Up

$558,354

Up $370,105 (+197%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $143,215Liabilities 2014: $0Net Assets 2014: $143,2152014Assets 2015: $138,521Liabilities 2015: $0Net Assets 2015: $138,5212015Assets 2016: $145,595Liabilities 2016: $0Net Assets 2016: $145,5952016Assets 2017: $165,614Liabilities 2017: $332Net Assets 2017: $165,2822017Assets 2018: $221,603Liabilities 2018: $692Net Assets 2018: $220,9112018Assets 2019: $231,279Liabilities 2019: $492Net Assets 2019: $230,7872019Assets 2020: $435,790Liabilities 2020: $1,349Net Assets 2020: $434,4412020Assets 2021: $1,019,356Liabilities 2021: $2,277Net Assets 2021: $1,017,0792021Assets 2022: $1,335,336Liabilities 2022: $2,875Net Assets 2022: $1,332,4612022Assets 2023: $2,145,893Liabilities 2023: $2,538Net Assets 2023: $2,143,3552023Assets 2024: $2,014,112Liabilities 2024: $38,750Net Assets 2024: $1,975,3622024

Highlighted filing

2021

Assets$1,019,356
Liabilities$2,277
Net Assets$1,017,079

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $77,931Expenses 2014: $22,497Net Income 2014: $55,4342014Revenue 2015: $30,712Expenses 2015: $21,985Net Income 2015: $8,7272015Revenue 2016: $14,231Expenses 2016: $14,669Net Income 2016: -$4382016Revenue 2017: $32,091Expenses 2017: $21,794Net Income 2017: $10,2972017Revenue 2018: $89,726Expenses 2018: $20,255Net Income 2018: $69,4712018Revenue 2019: $23,895Expenses 2019: $36,751Net Income 2019: -$12,8562019Revenue 2020: $227,734Expenses 2020: $39,485Net Income 2020: $188,2492020Revenue 2021: $707,129Expenses 2021: $148,775Net Income 2021: $558,3542021Revenue 2022: $712,258Expenses 2022: $262,355Net Income 2022: $449,9032022Revenue 2023: $1,572,708Expenses 2023: $862,556Net Income 2023: $710,1522023Revenue 2024: $1,185,428Expenses 2024: $1,404,403Net Income 2024: -$218,9752024

Highlighted filing

2021

Revenue$707,129
Expenses$148,775
Net Income$558,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2023
Return Version
2021v4.2
Gross Receipts
$707,129
Mission and Program Overview

Mission

To serve the local community by providing a means to receive and distribute charitable funds based on the wishes of the donor and on the changing needs of the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$266,527$315,192▲ $48,665
Investments Program Related$169,263$197,995▲ $28,732
Total Assets$435,790$1,019,356▲ $583,566
Other Assets Total$0$506,169▲ $506,169
Liabilities
Other Liabilities$1,349$2,277▲ $928
Total Liabilities$1,349$2,277▲ $928
Net Assets / Fund Balance
Net Assets With Donor Restrictions$201,505$793,568▲ $592,063
Net Assets Without Donor Restrictions$232,936$223,511▼ $9,425
Total Net Assets Fund Balance$434,441$1,017,079▲ $582,638
Total Liabilities and Net Assets / Fund Balance$435,790$1,019,356▲ $583,566

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$119,952--
Other Assets Org$496,169--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$66,477$496,169▲ $12,190-$574,212
2020$59,918-▲ $7,162-$66,477
2019$50,581-▲ $9,943-$59,918
2018$54,665-▼ $3,484-$50,581
2017$48,177-▲ $7,063-$54,665
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susannah MikulinExecutive DirectorFT$42,500$42,500

Board Members and Trustees

NameTitle
Cathy HornPresident
Susan KuehlerVice President
Don JonesDirector
Jeanne SchillingDirector
Karen BookoutDirector
Linda PenelloDirector
Reenie CollinsDirector
Gale LinckeDirector Emeritus
Cheryl PekarSecretary
Linda StreicherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$701,337
Program Service Revenue
$0
Investment Income
$5,792
Other Revenue
$0
All Other Contributions
$701,337
Change in Net Assets
$558,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$64,200
Salaries, Compensation, and Employee Benefits$50,918
Other Expenses$33,657
Total Fundraising Expense$3,652
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$48,700--$48,700
Other Salaries and Wages$20,188$20,187$2,125$42,500
Grants to Domestic Individuals$15,500--$15,500
Advertising$8,000$2,284$1,142$11,426
Fees for Services Other$9,770--$9,770
Other Employee Benefits$2,400$2,400-$4,800
Payroll Taxes$1,719$1,718$181$3,618
Occupancy$1,485$1,485$30$3,000
Information Technology$1,267$1,266$25$2,558
Office Expenses$671$671$149$1,491
Fees for Services Accounting-$1,475-$1,475
Fees for Service Investment Mgmnt Fees-$1,344-$1,344
Insurance$250$250-$500
Other Expenses$70$271-$70
Total Functional Expenses$111,032$34,091$3,652$148,775
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
La Grange Lions FoundationWest Point, TX-To Serve the Local Community$15,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,277
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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, Part VI, Section B, Line 11B

The form 990 is reviewed at an organizational meeting held by directors and final approval rests with the president and treasurer of the organization.

Form 990, Part VI, Section C, Line 19

All organization documents, financial statements, and other requested policies and procedures are available upon request.

Form 990 Page 9 Part VIII Line 1F

Contribution received by donor in the amount of $496,169 and an additional contribution of $100 were both omitted from the originally filed return. Both contributions were recorded on the books as received in january 2022, however were received by the organization in december 2021. Form 990 page 1 line 8 contributions and grants is updated on the amended return to reflect the additional contributions of $496,269. Form 990 schedule a part iii line 1 was also increased by $496,269 to correctly report public support. Form 990 schedule b part i (a) 8 was added to report donor information.

Filing and Contact Details

Filer

Filer Name
Fayette Community Foundation
EIN
74-2997477
Phone
9799689575
Address
PO BOX 664, LA GRANGE, TX 78945-0430

Signing Officer

Name
Cathy Horn
Title
President
Phone
9799689575
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathy Horn
Formed
2002
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
20

Preparer

Firm
Schneider Frazee & Matocha Pc
Address
P O DRAWER 430, LA GRANGE, TX 78945
Preparer
Patricia T Pechal
Phone
9799689575
Supplemental Narrative

Additional Explanations

Form 990 Page 3 Part IV Line 11 D

Schedule d part i, part v and part ix were updated on the amended return to properly report the addition of the donor advised fund

Form 990 Page 11 Line 1

Cash - non-interest bearing was increased by $100 on the amended return to correctly report donation received in 2021

Form 990 Page 11 Line 15 Other Assets

Other assets increased by $496,169 to correctly report donation received in 2021.

Form 990 Page 11 Line 27

Net assets without donor restrictions increased by $100 on the amended return

Form 990 Page 11 Line 28

Net assets with donor restrictions increased by $496,169 on the amended return.

FORM 990, PART XI, LINE 9:

ROUNDING ADJUSTMENT 1.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0181
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01718
IRS990/PayrollTaxesGrp/ProgramServicesAmt01719
IRS990/PayrollTaxesGrp/TotalAmt03618
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CATHY HORN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0218521
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt026000
IRS990/PYInvestmentIncomeAmt02848
IRS990/PYOtherExpensesAmt07457
IRS990/PYOtherRevenueAmt04400
IRS990/PYProgramServiceRevenueAmt01965
IRS990/PYRevenuesLessExpensesAmt0188249
IRS990/PYSalariesCompEmpBnftPaidAmt06028
IRS990/PYTotalExpensesAmt039485
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0227734
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0558354
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0701337
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0220486
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt083050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01037323
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05792
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02848
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010391
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05792
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02848
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010391
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026662
IRS990ScheduleA/InvestmentIncomeCYPct00.02470
IRS990ScheduleA/InvestmentIncomePYPct00.06100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97530
IRS990ScheduleA/PublicSupportPY509Pct00.93900
IRS990ScheduleA/PublicSupportTotal509Amt01053913
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0701337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0224886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt020740
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt085250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt021700
IRS990ScheduleA/Total509Grp/TotalAmt01053913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0707129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0227734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt023895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt089726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt032091
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01080575
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0624
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt066477
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0496169
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0574212
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt012190
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0603
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt059918
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt066477
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07162
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0606
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050581
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt059918
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt054665
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050581
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0575
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt048177
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt054665
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07063
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt0506169
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt00
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0584212
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/FundsAndOtherAccountsContriAmt025800
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt06
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0155502
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt078043
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1119952
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DONOR ADVISED FUND - ARTS FOR RURAL TEXAS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PROGRAM RELATED INVESTMENT - AUSTIN COMMUNITY FDN
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1496169
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DONOR ADVISED FUND - OTHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DONOR ADVISED FUND - CDL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02277
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0506169
IRS990ScheduleD/TotalBookValueProgramRltdAmt0197995
IRS990ScheduleD/TotalLiabilityAmt02277
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SERVE THE LOCAL COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LA GRANGE LIONS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0842885060
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 90

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