Civic Intelligence

Blue Bird Foundation

990 • Fiscal year 2015 • EIN 74-6047176

Jun 01, 2014 to May 31, 2015 • Filed on Jan 14, 2016

615 West AlabamaHouston, TX 77006

(936) 559-9007

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

4th percentile

0.00x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

56th percentile

2.5%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$24,788,330

Up $608,013 (+2.5%) from 2014

Net Assets

Up

$24,788,330

Up $608,013 (+2.5%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$777,649

Down $1,037,137 (-57%) from 2014

Expenses

Up

$409,948

Up $2,447 (+0.6%) from 2014

Net Income

Down

$367,701

Down $1,039,584 (-74%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $20,692,930Liabilities 2011: $0Net Assets 2011: $20,692,9302011Assets 2012: $20,017,490Liabilities 2012: $0Net Assets 2012: $20,017,4902012Assets 2013: $21,954,076Liabilities 2013: $0Net Assets 2013: $21,954,0762013Assets 2014: $24,180,317Liabilities 2014: $0Net Assets 2014: $24,180,3172014Assets 2015: $24,788,330Liabilities 2015: $0Net Assets 2015: $24,788,3302015Assets 2016: $23,274,625Liabilities 2016: $0Net Assets 2016: $23,274,6252016Assets 2017: $24,598,056Liabilities 2017: $0Net Assets 2017: $24,598,0562017Assets 2018: $25,223,913Liabilities 2018: $0Net Assets 2018: $25,223,9132018Assets 2019: $24,424,513Liabilities 2019: $0Net Assets 2019: $24,424,5132019Assets 2020: $20,051,549Liabilities 2020: $799,408Net Assets 2020: $19,252,1412020Assets 2021: $24,054,519Liabilities 2021: $977,715Net Assets 2021: $23,076,8042021Assets 2022: $22,230,320Liabilities 2022: $937,356Net Assets 2022: $21,292,9642022Assets 2023: $20,796,418Liabilities 2023: $10,045,051Net Assets 2023: $10,751,3672023Assets 2024: $23,082,244Liabilities 2024: $10,485,392Net Assets 2024: $12,596,8522024

Highlighted filing

2015

Assets$24,788,330
Liabilities$0
Net Assets$24,788,330

Operations Trend

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

$20M$10M$0-$10M-$20MRevenue 2011: $17,806,382Expenses 2011: $535,488Net Income 2011: $17,270,8942011Revenue 2012: $817,143Expenses 2012: $401,859Net Income 2012: $415,2842012Expenses 2013: $414,4612013Revenue 2014: $1,814,786Expenses 2014: $407,501Net Income 2014: $1,407,2852014Revenue 2015: $777,649Expenses 2015: $409,948Net Income 2015: $367,7012015Revenue 2016: $569,457Expenses 2016: $420,874Net Income 2016: $148,5832016Revenue 2017: $650,032Expenses 2017: $801,311Net Income 2017: -$151,2792017Revenue 2018: $1,330,157Expenses 2018: $1,172,390Net Income 2018: $157,7672018Revenue 2019: $879,467Expenses 2019: $1,172,916Net Income 2019: -$293,4492019Revenue 2020: $918,140Expenses 2020: $5,904,085Net Income 2020: -$4,985,9452020Revenue 2021: $737,826Expenses 2021: $794,169Net Income 2021: -$56,3432021Revenue 2022: $2,021,136Expenses 2022: $1,018,899Net Income 2022: $1,002,2372022Revenue 2023: $594,362Expenses 2023: $10,809,265Net Income 2023: -$10,214,9032023Revenue 2024: $777,518Expenses 2024: $905,675Net Income 2024: -$128,1572024

Highlighted filing

2015

Revenue$777,649
Expenses$409,948
Net Income$367,701
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Jan 14, 2016
Return Version
2014v6.0
Gross Receipts
$8,266,571
Mission and Program Overview

Mission

Blue Bird Foundation holds endowment assets and provides financial support for the programs of The Blue Bird Circle.

Blue Bird Foundation (the Foundation) was created in 1951 by The Blue Bird Circle (the Circle) to hold endowment assets for and provide financial support for the programs of The Blue Bird Circle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,711,376$18,981,105▼ $3,730,271
Investments Other Securities$1,435,290$5,786,895▲ $4,351,605
Accounts Receivable$31,203$18,219▼ $12,984
Cash and Non-Interest-Bearing Accounts$2,448$2,111▼ $337
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$24,180,317$24,788,330▲ $608,013
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$24,180,317$24,788,330▲ $608,013
Total Net Assets Fund Balance$24,180,317$24,788,330▲ $608,013
Total Liabilities and Net Assets / Fund Balance$24,180,317$24,788,330▲ $608,013

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$24,180,317$2,300▲ $922,350$300,000$24,788,330
2013$21,954,076$631,000▲ $1,909,170$300,000$24,180,317
2012$20,017,490-▲ $2,250,382$300,000$21,954,076
2011$20,692,930$110,643▼ $384,224$300,000$20,017,490
2010$10,618$18,483,372▲ $2,734,428$430,500$20,692,930
Compensation and Service Providers

Board Members and Trustees

NameTitle
Augustus ElmerPresident
Julius GlickmanVice President
Albert SmithDirector
Barbie DexterDirector
Bertha BrophyDirector
J Morris JonesDirector
Maggie AustinDirector
Mary Ann MaceyDirector
Mike TysonDirector
Pat EdwardsDirector
Raleigh JohnsonDirector
Rhonda JonesSecretary
Gayle RamseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,300
Program Service Revenue
$0
Investment Income
$775,349
Other Revenue
$0
All Other Contributions
$2,300
Change in Net Assets
$367,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$684,338
Revenue Not Reported on Financial Statements
$93,311
Revenue Not Reported on Form 990
$240,312
Total Revenue per Audited Statements
$924,650
Total Revenue per Form 990
$777,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$109,948
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Fees for Service Investment Mgmnt Fees-$93,311-$93,311
Fees for Services Accounting-$12,905-$12,905
Insurance-$2,612-$2,612
Occupancy-$1,000-$1,000
Fees for Services Other-$120-$120
Total Functional Expenses$300,000$109,948$0$409,948

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$409,948
Expenses per Audited Statements$316,637
Total Expenses per Audited Statements$316,637
Expenses Not Reported on Financial Statements$93,311
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Blue Bird CircleHouston, TX501(c)(3)Operations$300,000
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-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed by the President and the Treasurer. A copy of the Form is provided to all board members prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the Board of Directors must review and sign a Conflict of Interest questionnaire annually.

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

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Blue Bird Foundation
EIN
74-6047176
Phone
9365599007
Address
615 West Alabama, Houston, TX 77006

Signing Officer

Name
Barbara Dexter
Title
Treasurer
Signed
2016-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ann Macey
Formed
1951
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds are held to provide long-term financial support for the programs of the Blue Bird Circle. The Foundation's Board of Directors approves distributions based on the funding needs of the Circle.

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IRS990ScheduleD/InvestmentExpensesNotIncldAmt093311
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment funds are held to provide long-term financial support for the programs of the Blue Bird Circle. The Foundation's Board of Directors approves distributions based on the funding needs of the Circle.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operations
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.1$10.5$12.6$0.78$0.91$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.8$10.0$10.8$0.59$10.8$10.2
2022Detailed filing. Detailed filing data is available for this year.$22.2$0.94$21.3$2.02$1.02$1.00
2021Detailed filing. Detailed filing data is available for this year.$24.1$0.98$23.1$0.74$0.79$0.06
2020Detailed filing. Detailed filing data is available for this year.$20.1$0.80$19.3$0.92$5.90$4.99
2019Detailed filing. Detailed filing data is available for this year.$24.4$0.00$24.4$0.88$1.17$0.29
2018Detailed filing. Detailed filing data is available for this year.$25.2$0.00$25.2$1.33$1.17$0.16
2017Detailed filing. Detailed filing data is available for this year.$24.6$0.00$24.6$0.65$0.80$0.15
2016Detailed filing. Detailed filing data is available for this year.$23.3$0.00$23.3$0.57$0.42$0.15
2015Detailed filing. Detailed filing data is available for this year.$24.8$0.00$24.8$0.78$0.41$0.37
2014Detailed filing. Detailed filing data is available for this year.$24.2$0.00$24.2$1.81$0.41$1.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$0.00$22.0$0.41
2012Summary only. Only limited summary data is available for this year.$20.0$0.00$20.0$0.82$0.40$0.42
2011Summary only. Only limited summary data is available for this year.$20.7$0.00$20.7$17.8$0.54$17.3