Civic Intelligence

Wharton Industrial Foundation

990 • Fiscal year 2017 • EIN 74-6055430

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 11, 2017

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

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

59th percentile

6.3%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

35th percentile

0.0%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$540,956

Up $151 (+0.0%) from 2016

Net Assets

Up

$540,956

Up $151 (+0.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$2,402

Down $195,474 (-99%) from 2016

Expenses

Down

$2,251

Down $927 (-29%) from 2016

Net Income

Down

$151

Down $194,547 (-100%) from 2016

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

2017

Assets$540,956
Liabilities$0
Net Assets$540,956

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

2017

Revenue$2,402
Expenses$2,251
Net Income$151
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 11, 2017
Return Version
2016v3.0
Gross Receipts
$2,402
Mission and Program Overview

Mission

Assist in economic development in wharton, texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$540,805$540,956▲ $151
Cash and Non-Interest-Bearing Accounts$368,010$368,090▲ $80
Land, Buildings, and Equipment, Net$148,760$148,760→ $0
Savings and Temporary Cash Investments$24,035$24,106▲ $71
Total Assets$540,805$540,956▲ $151
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$540,805$540,956▲ $151
Total Liabilities and Net Assets / Fund Balance$540,805$540,956▲ $151

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
$302
Other Revenue
$2,100
Change in Net Assets
$151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,251
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
Fees for Services Other-$816-$816
Fees for Services Accounting-$675-$675
Fees for Services Legal-$600-$600
Other Expenses-$160-$160
Total Functional Expenses$0$2,251$0$2,251
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
2017-07-11
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Stephenson-hamman Pllc
Address
1609 NORTH RICHMOND ROAD, WHARTON, TX 77488
Preparer
Chris Legrand
Phone
9795325964
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Dues-chamber of commerce 0 420 0 property taxes 0 396 0 total 0 816 0

Form 990, Part XI, Line 9

Prior period adj; cash balance 0

Raw XML Appendix233 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ASSIST IN ECONOMIC DEVELOPMENT IN WHARTON, TEXAS
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0MICHAEL WOOTTON
IRS990/BooksInCareOfDetail/PhoneNum09792822555
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01610 N ALABAMA RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WHARTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077488
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0368010
IRS990/CashNonInterestBearingGrp/EOYAmt0368090
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0302
IRS990/CYOtherExpensesAmt02251
IRS990/CYOtherRevenueAmt02100
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0151
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02251
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02402
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0CITY OF WHARTON HAS A POPULATION OF 9,237 PEOPLE. THE PRIMARY FUNCTION IS TO ASSIST THE CITY WITH ECONOMIC GROWTH THROUGH AN INDUSTRIAL PARK FOR POTENTIAL NEW BUSINESSES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0675
IRS990/FeesForServicesAccountingGrp/TotalAmt0675
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0600
IRS990/FeesForServicesLegalGrp/TotalAmt0600
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0816
IRS990/FeesForServicesOtherGrp/TotalAmt0816
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0GORDON FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL WOOTTON
IRS990/Form990PartVIISectionAGrp/PersonNm2LARRY E WADLER
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM MILLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02402
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0302
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0302
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0148760
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0148760
IRS990/LandBldgEquipCostOrOtherBssAmt0148760
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ASSIST IN ECONOMIC DEVELOPMENT IN WHARTON, TEXAS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0540805
IRS990/NetAssetsOrFundBalancesEOYAmt0540956
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0160
IRS990/OtherExpensesGrp/TotalAmt0160
IRS990/OtherRevenueMiscGrp/Desc0RENTAL INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02100
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02100
IRS990/OtherRevenueTotalAmt02100
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0GORDON FRANKLIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0194506
IRS990/PYOtherExpensesAmt03178
IRS990/PYOtherRevenueAmt03370
IRS990/PYRevenuesLessExpensesAmt0194698
IRS990/PYTotalExpensesAmt03178
IRS990/PYTotalRevenueAmt0197876
IRS990/ReconcilationRevenueExpnssAmt0151
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0540805
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0540956
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024035
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024106
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0148760
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148760
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0148760
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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 0 396 0 TOTAL 0 816 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR PERIOD ADJ; CASH BALANCE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0540805
IRS990/TotalAssetsEOYAmt0540956
IRS990/TotalAssetsGrp/BOYAmt0540805
IRS990/TotalAssetsGrp/EOYAmt0540956
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02251
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02251
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0540805
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0540956
IRS990/TotalRevenueGrp/ExclusionAmt0302
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02402
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0540805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0540956
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GORDON FRANKLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07132107667
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHARTON INDUSTRIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WHAR
ReturnHeader/Filer/EIN0746055430
ReturnHeader/Filer/PhoneNum09795331118
ReturnHeader/Filer/USAddress/AddressLine1Txt01610 ALABAMA RD
ReturnHeader/Filer/USAddress/CityNm0WHARTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077488
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02C0390CAC0BD4C34D3AADF5C950621A0899C5115
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BF4B821297BA2A301A17B3073F8E9AF5EE1E432D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271465967
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEPHENSON-HAMMAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01609 NORTH RICHMOND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WHARTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077488
ReturnHeader/PreparerPersonGrp/PhoneNum09795325964
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS LEGRAND
ReturnHeader/ReturnTs02017-07-13T11:44:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings