Civic Intelligence

Wharton Industrial Foundation

990 • Fiscal year 2016 • EIN 74-6055430

Jul 01, 2015 to Jun 30, 2016 • Filed on Jul 25, 2016

1610 Alabama RdWharton, TX 77488

(979) 533-1118

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

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

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.00x

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

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

100th percentile

98%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

56%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

7672%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$540,805

Up $194,681 (+56%) from 2015

Net Assets

Up

$540,805

Up $194,681 (+56%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$197,876

Up $195,330 (+7672%) from 2015

Expenses

Up

$3,178

Up $1,662 (+110%) from 2015

Net Income

Up

$194,698

Up $193,668 (+18803%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $342,676Liabilities 2011: $0Net Assets 2011: $342,6762011Assets 2012: $343,281Liabilities 2012: $0Net Assets 2012: $343,2812012Assets 2013: $344,461Liabilities 2013: $0Net Assets 2013: $344,4612013Assets 2014: $345,094Liabilities 2014: $0Net Assets 2014: $345,0942014Assets 2015: $346,124Liabilities 2015: $0Net Assets 2015: $346,1242015Assets 2016: $540,805Liabilities 2016: $0Net Assets 2016: $540,8052016Assets 2017: $540,956Liabilities 2017: $0Net Assets 2017: $540,9562017Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$540,805
Liabilities$0
Net Assets$540,805

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $8,4852011Expenses 2012: $1,7822012Expenses 2013: $1,3752013Revenue 2014: $2,514Expenses 2014: $1,881Net Income 2014: $6332014Revenue 2015: $2,546Expenses 2015: $1,516Net Income 2015: $1,0302015Revenue 2016: $197,876Expenses 2016: $3,178Net Income 2016: $194,6982016Revenue 2017: $2,402Expenses 2017: $2,251Net Income 2017: $1512017Revenue 2020: $275Expenses 2020: $16,184Net Income 2020: -$15,9092020

Highlighted filing

2016

Revenue$197,876
Expenses$3,178
Net Income$194,698
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jul 25, 2016
Return Version
2015v2.1
Gross Receipts
$212,135
Mission and Program Overview

Mission

Assist in economic development in wharton, texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$346,124$540,805▲ $194,681
Cash and Non-Interest-Bearing Accounts$159,125$368,010▲ $208,885
Land, Buildings, and Equipment, Net$163,018$148,760▼ $14,258
Savings and Temporary Cash Investments$23,981$24,035▲ $54
Total Assets$346,124$540,805▲ $194,681
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$346,124$540,805▲ $194,681
Total Liabilities and Net Assets / Fund Balance$346,124$540,805▲ $194,681

Asset Categories

AssetBook ValueDepreciationBasis
Land$148,760-$148,760
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gordon FranklinPresident
Tom MillerV President
Larry E WadlerSecretary
Michael WoottonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$194,506
Other Revenue
$3,370
Change in Net Assets
$194,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$1,200-$1,200
Fees for Services Other-$878-$878
Fees for Services Accounting-$600-$600
Fees for Services Legal-$500-$500
Total Functional Expenses$0$3,178$0$3,178
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wharton Industrial Foundation
EIN
74-6055430
Phone
9795331118
Address
1610 ALABAMA RD, WHARTON, TX 77488

Signing Officer

Name
Gordon Franklin
Title
President
Phone
7132107667
Signed
2016-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gordon Franklin
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
P W Stephenson & Co Pc
Address
1609 NORTH RICHMOND ROAD, WHARTON, TX 77488
Preparer
Phil Stephenson
Phone
9795325964
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Dues-chamber of commerce 0 420 0 property taxes 0 458 0

Form 990, Part XI, Line 9

Prior period adj; cash balance -17 total -17

Raw XML Appendix240 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3V PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GainOrLossGrp/OtherAmt0194314
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0208573
IRS990/GrossReceiptsAmt0212135
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/PYInvestmentIncomeAmt0196
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUES-CHAMBER OF COMMERCE 0 420 0 PROPERTY TAXES 0 458 0
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/ReturnTs02016-08-03T15:30:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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Filings