Galveston Foundation Inc

990PF • Fiscal year 2018 • EIN 74-6163910

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profile

2200 Market Suite 804Galveston, TX 77550

(409) 762-5913

Siviq Scores

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

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

3.38x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

6.5%

Higher net margin than 57% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Higher top officer pay than 42% of similar nonprofits.

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

2018 filings • $1M-$5M nonprofits • Source year 2018

0.2%

Faster asset growth than 48% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

-14%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets64th percentile

Assets

$1,817,375

Up $4,238 (+0.2%) from 2017

Net Assets

$1,567,375

Up $4,238 (+0.3%) from 2017

Liabilities

Flat

$250,000

Flat from 2017

Revenue And Expenses

Liabilities / Revenue94th percentile Net Margin57th percentile

Revenue

Down

$73,885

Down $12,092 (-14%) from 2017

Expenses

Down

$69,095

Down $70,218 (-50%) from 2017

Net Income

$4,790

Up $58,126 (+109%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

Highlighted filing

2018

Assets$1,817,375

Liabilities$250,000

Net Assets$1,567,375

Open 2018 Filing

Operations Trend

Revenue Growth19th percentile

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

Highlighted filing

2018

Revenue$73,885

Expenses$69,095

Net Income$4,790

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2018 to Dec 31, 2018
Signed: Nov 14, 2019
Return Version: 2018v3.1

Compensation and Service Providers

Top Officer Pay42nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
SCOTT KELSO	Trustee	-	$0	-	-
EUGENIA H CAMPBELL	VP/Trustee	-	$0	-	-
JOHN H CAMPBELL	Pres/Trustee	PT	$0	-	-
JOHN KELSO	Trustee	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Galveston Foundation Inc
EIN: 74-6163910
Phone: 4097625913
Address: 2200 MARKET SUITE 804, GALVESTON, TX 77550

Signing Officer

Name: John H Campbell
Title: President
Signed: 2019-11-14
Discuss with paid preparer: Yes

Preparer

Firm: James Buchanan Schmidt IV CPA
Address: 7501A Harborside Dr, Galveston, TX 77554
Preparer: James B Schmidt IV
Phone: 4097655569

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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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IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt	0	46547
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt	0	46547
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ExcessBusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/MaintainedExpenditureRspnsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProceedsOrNetIncomeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistrIncmSect4942a2NotAppInd	0	false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	700 LOUISIANA ST 6TH FLOOR
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	HOUSTON
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	TX
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	770022700
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	TX
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	BANK OF AMERICA TRUST DEPT
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	7132476449
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	true
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	false
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	HARRIS GARDEN GROUNDS MAINTENANCE
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt	0	Temple Project
IRS990PF/SummaryOfDirectChrtblActyGrp/Description3Txt	0	Harris Nursery
IRS990PF/SummaryOfDirectChrtblActyGrp/Description4Txt	0	16th and Broadway
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt	0	13955
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses2Amt	0	11095
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses3Amt	0	7542
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses4Amt	0	5438
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	313236
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	Land
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	313236
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt	0	1
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	0	Rounding
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt	0	2
OtherDecreasesSchedule/OtherDecreasesDetail/Amt	0	552
OtherDecreasesSchedule/OtherDecreasesDetail/Desc	0	PRIOR PERIOD TAXES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	16TH STREET PROJECT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	HARRIS GARDENS EXPANSION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	HARRIS TREE NURSERY FARM
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	OFFICE EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	TEMPLE PROJECT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	TRINITY SCHOOL PROJECT
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	5438
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	13955
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	7542
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	4481
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	133
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	578
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	6	11095
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	7	3325
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	5438
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	13955
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	7542
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	4481
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	133
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	578
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	11095
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	3325
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	OTHER INVESTMENT INCOME
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	800
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	0	250000
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	0	HARRIS GARDEN SET-ASIDE PAYABLE
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	0	250000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	0	22063
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	0	Bank of America Agency Fee
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt	0	22063
TaxesSchedule/TaxesDetail/Amt	0	485
TaxesSchedule/TaxesDetail/CategoryTxt	0	FOREIGN TAX
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	485
ReturnHeader/BuildTS	0	2020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOHN H CAMPBELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GALVESTON FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	GALV
ReturnHeader/Filer/EIN	0	746163910
ReturnHeader/Filer/PhoneNum	0	4097625913
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2200 MARKET SUITE 804
ReturnHeader/Filer/USAddress/CityNm	0	GALVESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TX
ReturnHeader/Filer/USAddress/ZIPCd	0	77550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	760368879
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	James Buchanan Schmidt IV CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	7501A Harborside Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Galveston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	77554
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4097655569
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	James B Schmidt IV
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2019-11-15T13:13:02-08:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2018-01-01
ReturnHeader/TaxPeriodEndDt	0	2018-12-31
ReturnHeader/TaxYr	0	2018

Document Assets

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Filings

Displayed year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,817,375
Liabilities: $250,000
Net assets: $1,567,375
Revenue: $73,885
Expenses: $69,095
Net income: $4,790

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2018Detailed filing. Detailed filing data is available for this year.	$1.82	$0.25	$1.57	$0.07	$0.07	$0.00
2017Detailed filing. Detailed filing data is available for this year.	$1.81	$0.25	$1.56	$0.09	$0.14	$0.05
2016Detailed filing. Detailed filing data is available for this year.	$1.87	$0.25	$1.62	$0.08	$0.08	$0.00
2015Detailed filing. Detailed filing data is available for this year.	$1.86	$0.25	$1.61	$0.15	$0.32	$0.17
2014Detailed filing. Detailed filing data is available for this year.	$2.04	$0.25	$1.79	$0.15	$0.17	$0.02
2013Detailed filing. Detailed filing data is available for this year.	$2.05	$0.25	$1.80	$0.21	$0.33	$0.12
2012Detailed filing. Detailed filing data is available for this year.	$1.92	$0.00	$1.92		$0.04
2011Detailed filing. Detailed filing data is available for this year.	$1.86	$0.00	$1.86		$0.06
2010Detailed filing. Detailed filing data is available for this year.	$1.85	$0.00	$1.85		$0.06