Civic Intelligence

Mary E Bivins Foundation

990 • Fiscal year 2022 • EIN 75-0842370

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 07, 2023

2311 West 16th AvenueAmarillo, TX 79102

(806) 379-9400

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

14th percentile

0.06x

Higher debt load relative to revenue than 14% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$240,119

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-28%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$97,464,834

Down $17,044,947 (-15%) from 2021

Net Assets

Down

$97,102,282

Down $17,184,725 (-15%) from 2021

Liabilities

Up

$362,552

Up $139,778 (+63%) from 2021

Revenue

Down

$5,662,702

Down $2,237,588 (-28%) from 2021

Expenses

Down

$2,720,410

Down $608,893 (-18%) from 2021

Net Income

Down

$2,942,292

Down $1,628,695 (-36%) from 2021

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $44,564,597Liabilities 2010: $537,890Net Assets 2010: $44,026,7072010Assets 2011: $41,137,594Liabilities 2011: $692,195Net Assets 2011: $40,445,3992011Assets 2012: $44,939,562Liabilities 2012: $987,636Net Assets 2012: $43,951,9262012Assets 2013: $51,254,753Liabilities 2013: $898,070Net Assets 2013: $50,356,6832013Assets 2014: $61,952,955Liabilities 2014: $826,070Net Assets 2014: $61,126,8852014Assets 2015: $66,451,923Liabilities 2015: $657,877Net Assets 2015: $65,794,0462015Assets 2016: $73,448,065Liabilities 2016: $872,315Net Assets 2016: $72,575,7502016Assets 2017: $79,384,183Liabilities 2017: $400,977Net Assets 2017: $78,983,2062017Assets 2018: $87,299,709Liabilities 2018: $567,004Net Assets 2018: $86,732,7052018Assets 2019: $90,115,909Liabilities 2019: $829,127Net Assets 2019: $89,286,7822019Assets 2020: $101,100,638Liabilities 2020: $496,594Net Assets 2020: $100,604,0442020Assets 2021: $114,509,781Liabilities 2021: $222,774Net Assets 2021: $114,287,0072021Assets 2022: $97,464,834Liabilities 2022: $362,552Net Assets 2022: $97,102,2822022Assets 2023: $109,322,513Liabilities 2023: $204,992Net Assets 2023: $109,117,5212023Assets 2024: $139,235,310Liabilities 2024: $932,302Net Assets 2024: $138,303,0082024

Highlighted filing

2022

Assets$97,464,834
Liabilities$362,552
Net Assets$97,102,282

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,466,6312010Revenue 2011: $4,092,729Expenses 2011: $6,829,523Net Income 2011: -$2,736,7942011Expenses 2012: $7,519,0062012Revenue 2013: $11,335,257Expenses 2013: $8,290,123Net Income 2013: $3,045,1342013Revenue 2014: $15,662,428Expenses 2014: $6,465,343Net Income 2014: $9,197,0852014Revenue 2015: $13,771,566Expenses 2015: $5,783,589Net Income 2015: $7,987,9772015Revenue 2016: $9,274,408Expenses 2016: $2,234,985Net Income 2016: $7,039,4232016Revenue 2017: $9,531,070Expenses 2017: $1,948,021Net Income 2017: $7,583,0492017Revenue 2018: $8,438,977Expenses 2018: $2,274,175Net Income 2018: $6,164,8022018Revenue 2019: $8,930,263Expenses 2019: $2,829,087Net Income 2019: $6,101,1762019Revenue 2020: $8,372,346Expenses 2020: $2,774,434Net Income 2020: $5,597,9122020Revenue 2021: $7,900,290Expenses 2021: $3,329,303Net Income 2021: $4,570,9872021Revenue 2022: $5,662,702Expenses 2022: $2,720,410Net Income 2022: $2,942,2922022Revenue 2023: $7,251,451Expenses 2023: $4,131,474Net Income 2023: $3,119,9772023Revenue 2024: $7,827,167Expenses 2024: $4,572,297Net Income 2024: $3,254,8702024

Highlighted filing

2022

Revenue$5,662,702
Expenses$2,720,410
Net Income$2,942,292
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 7, 2023
Return Version
2021v4.0
Gross Receipts
$18,251,203
Mission and Program Overview

Mission

The mary e. Bivins foundation, a texas non-profit corporation, was formed in 1949. The purposes / mission for which the corporation was formed are: (a) to operate for the benefit of nursing homes established for worthy, aged, and needy persons. (b) to operate for the benefit of nursing homes established for worthy, aged, and needy persons suffering from alzheimers disease. (c) to operate for the benefit of worthy religious undertakings, including the education of ministers to preach the christian religion. (d) to operate for the benefit of worthy charitable organizations or undertakings which serve worthy, aged, or needy persons. (e) to be organized and operated in a manner to support or benefit one or more specified publicly supported organizations pursuant to section 1.509(a)-4(d) of the treasury regulations. (f) to be organized and operated in a manner to exclusively support religious, charitable, or educational purposes pursuant to section 501(c)(3) of the internal revenue code. (g

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$70,709,535$57,875,037▼ $12,834,498
Investments in Publicly Traded Securities$38,888,167$32,509,249▼ $6,378,918
Savings and Temporary Cash Investments$1,075,531$2,976,995▲ $1,901,464
Land, Buildings, and Equipment, Net$2,099,925$2,151,652▲ $51,727
Accounts Receivable$1,669,338$1,873,713▲ $204,375
Prepaid Expenses and Deferred Charges$63,858$74,108▲ $10,250
Total Assets$114,509,781$97,464,834▼ $17,044,947
Other Assets Total$3,427$4,080▲ $653
Liabilities
Accounts Payable and Accrued Expenses$122,774$329,552▲ $206,778
Grants Payable$100,000$33,000▼ $67,000
Total Liabilities$222,774$362,552▲ $139,778
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$114,287,007$97,102,282▼ $17,184,725
Total Net Assets Fund Balance$114,287,007$97,102,282▼ $17,184,725
Total Liabilities and Net Assets / Fund Balance$114,509,781$97,464,834▼ $17,044,947

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,487,615-$1,487,615
Buildings$646,464$590,427$1,236,891
Equipment$2,652$218,858$221,510
Other Land Buildings$4,450$114,052$118,502
Leasehold Improvements$10,471$39,039$49,510
Other Securities$57,875,037--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katharyn WiegandPresidentPT$226,527$25,962$240,119
Paul SneedChief Fin ofPT$174,056$22,813$196,869
Paul SneedChief Fin Officer-$174,056$10,443$196,869

Board Members and Trustees

NameTitle
Steve UrbanChairman
Tom BivinsVice Chairma
Barbie JonesDirector
Julie AtteburyDirector
Mark BivinsDirector
Paul Matney PhdDirector
Puff NiegosDirector
Dr Bud JoynerPast Board C
Melvin FowlerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Angeles Investment AdvisorInvestment Fees429 SANTA MONICA BLVD STE 500, Santa Monica, CA 90401$152,948
Revenue and Support

Revenue Composition

Contributions and Grants
$3,752,929
Program Service Revenue
$0
Investment Income
$1,906,393
Other Revenue
$3,380
All Other Contributions
$3,752,929
Change in Net Assets
$2,942,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,350,170
Revenue Not Reported on Financial Statements
$312,532
Revenue Not Reported on Form 990
$-19,297,927
Other Revenue Adjustments
$312,532
Total Revenue per Audited Statements
$-13,947,757
Total Revenue per Form 990
$5,662,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,032,923
Other Expenses$844,842
Salaries, Compensation, and Employee Benefits$842,645
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$936,715--$936,715
Current Officers, Directors, Trustees, and Key Employees-$422,439-$422,439
Fees for Service Investment Mgmnt Fees-$312,532-$312,532
Other Salaries and Wages-$247,675-$247,675
Occupancy-$202,538-$202,538
Grants to Domestic Individuals$96,208--$96,208
Other Employee Benefits-$93,103-$93,103
Depreciation Depletion-$87,328-$87,328
Payroll Taxes-$41,945-$41,945
Fees for Services Accounting-$38,300-$38,300
Pension Plan Contributions-$37,483-$37,483
Travel-$32,379-$32,379
Insurance-$26,841-$26,841
Conferences and Meetings-$18,228-$18,228
Advertising-$13,792-$13,792
Fees for Services Other-$11,208-$11,208
Other Expenses-$10,127-$10,127
All Other Expenses-$8,363-$8,363
Office Expenses-$6,974-$6,974
Fees for Services Legal-$3,369-$3,369
Total Functional Expenses$1,032,923$1,687,487$0$2,720,410

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,236,968
Total Expenses per Form 990$2,720,410
Expenses per Audited Statements$2,407,878
Expenses Not Reported on Form 990$829,090
Expenses Not Reported on Financial Statements$312,532
Other Expense Adjustments$312,532
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dumas Education & Social MinistriesDumas, TX501c3Food Pantry$150,000
Storybridge IncAmarillo, TX501c3Children Books$150,000
St Andrews Episcopal School ofAmarillo, TX501c3Hvac Units$100,000
Tri County MealsMatador, TX501c3Build Food Pantry$52,422
DOWNTOWN WOMEN'S CENTERAmarillo, TX501c3Renovate House$50,000
Texas Panhandle War MemorialAmarillo, TX501c3Facility & Program$40,000
Ymca of Moore CountyDumas, TX501c3Womens Locker Room$35,000
Baptist Community ServicesAmarillo, TX501c3Snack Pak 4 Kids$34,000
Barrio Neighborhood PlanningAmarillo, TX501c3Benches Streetscape$32,500
Buckner Children & Family ServicesAmarillo, TX501c3Amarillo Fyi Clients$25,000
Collingsworth County Home DeliveredWellington, TX501c3Kitchen Equipment$25,000
Lutheran Social Service of theAustin, TX501c3Upbring Program$25,000
Pampa Meals on WheelsPampa, TX501c3Food, Kitchen Suppli$25,000
Panhandle Lions Foundation IncWheeler, TX501c3Girl Scout House$25,000
Moore County Senior Center IncDumas, TX501c3Repair Floor$23,950
Ccs Connect Community ServicesFritch, TX501c3Food for Pantry$20,000
Amarillo Area FoundationAmarillo, TX501c3Disaster Relief$15,000
Children at Risk IncDallas, TX501c3TX Family Leadership$15,000
Texas Ramp ProjectRichardson, TX501c3Wheelchair Ramps$15,000
Spearhead CorporationSpearman, TX501c3Store Artifacts$12,000
Canadian Community CenterCanadian, TX501c3Senior Fitness$11,414
Texas Archeological SocietySan Marcos, TX501c3Store Artifacts$10,000
Texas Veterinary Medical FoundationAustin, TX501c3Vet Care$8,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 2

Tom bivins mark bivins vice chair director brothers

Form 990, Page 6, Part VI, Line 11B

The 990 is made available to the full board of directors, particularly to the executive committee & finance/audit committee members. We make it available in our offices for perusal at board members' convenience. We will also present the 990 at our next regularly scheduled board & committee meetings.

Form 990, Page 6, Part VI, Line 12C

We have a conflict of interest policy in our bylaws which is more detailed than the irs required/suggested policy examples. We present and execute this policy annually for full disclosure/compliance. Our current procedures mirror our whistleblower procedures, which we conduct on an annual & on- going basis to ensure 100% compliance.

Form 990, Page 6, Part VI, Line 15A

The organization contracts with an hr consulting firm, on a scheduled basis, to conduct comprehensive salary & benefits surveys for executive & key staff positions within our entire organization. Appropriate positions and benefits are surveyed against both local and state organizations of similar makeup & function. We use these results to adjust salaries & benefits to existing norms, and also to give consideration to salary caps on some positions. All positions are within the salary and benefits norm for our area & state.

Form 990, Page 6, Part VI, Line 15B

The organization contracts with an hr consulting firm, on a scheduled basis, to conduct comprehensive salary & benefits surveys for executive & key staff positions within our entire organization. Appropriate positions and benefits are surveyed against both local and state organizations of similar makeup & function. We use these results to adjust salaries & benefits to existing norms, and also to give consideration to salary caps on some positions. All positions are within the salary and benefits norm for our area & state.

Form 990, Page 6, Part VI, Line 19

All of our governing documents, conflict of interest & whistleblower policies, financial statements, 990's, etc...are available to the general public, upon request, through our corporate office at 2311 west 16th avenue, amarillo, tx 79102.

Filing and Contact Details

Filer

Filer Name
Mary E Bivins Foundation
EIN
75-0842370
Phone
8063799400
Address
2311 WEST 16TH AVENUE, AMARILLO, TX 79102

Signing Officer

Name
Paul Sneed
Title
Chief Fin Officer
Phone
8063799400
Signed
2023-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katharyn Wiegand
Formed
1949
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
9

Preparer

Firm
Johnson & Sheldon Pllc
Address
PO BOX 509, AMARILLO, TX 79105-0509
Preparer
Richard W Blankenship CPA
Phone
8063717661
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mary e. Bivins foundation, a texas non-profit corporation, was formed in 1949. The purposes / mission for which the corporation was formed are: (a) to operate for the benefit of nursing homes established for worthy, aged, and needy persons. (b) to operate for the benefit of nursing homes established for worthy, aged, and needy persons suffering from alzheimers disease. (c) to operate for the benefit of worthy religious undertakings, including the education of ministers to preach the christian religion. (d) to operate for the benefit of worthy charitable organizations or undertakings which serve worthy, aged, or needy persons. (e) to be organized and operated in a manner to support or benefit one or more specified publicly supported organizations pursuant to section 1.509(a)-4(d) of the treasury regulations. (f) to be organized and operated in a manner to exclusively support religious, charitable, or educational purposes pursuant to section 501(c)(3) of the internal revenue code. (g) to build, establish and maintain in the city of amarillo, texas, or in the vicinity thereof, either in potter or randall counties, homes for worthy, aged, and needy persons, and to operate such homes, expand, build or rebuild any such homes, and to do each and every thing whatsoever necessary, requisite or incident thereto. Preference shall be given in admission to said homes to those who have lived and practiced the christian religion. The purposes stated in this sub-section shall be deemed the primary purpose of the corporation and the maintenance and operation of said homes shall at all times have preference in the use of income and/or corpus of property belonging to the corporation or held in trust for it.

Form 990, Part XI, Line 9

Recoveries of prior year grants 7,108 transfer from betty bivins childers foundation 11,481 investment exp net against revenue on financial statements -312,532 transfers to lee bivins foundation -829,090 transfers to betty bivins childers foundation 0 invest exp net against revenue on financial statements 312,532 variance in grants 0 total -810,501

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is exempt from federal income tax under section 501(a) as an organization described in section 501(c)(3) of the internal revenue code (the code) and has been determined not to be a private foundation under section 509(a) of the code. As a result, income taxes are not included in the accompanying consolidated financial statements. The foundation complies with fasb asc 740, "accounting for uncertainty in income taxes", which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more-likely- than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the foundation's tax positions and concluded that the foundation had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. With few exceptions, the foundation is no longer subject to income tax examinations by the u.s. Federal tax authorities for years ending before september 30, 2019.

Schedule D, Page 4, Part XI, Line 2D

Transfer from betty bivins childers foundation 11,481

Schedule D, Page 4, Part XI, Line 4B

Investment exp net against revenue on financial statements 312,532

Schedule D, Page 4, Part XII, Line 2D

Transfers to lee bivins foundation 829,090 transfers to betty bivins childers foundation 0

Schedule D, Page 4, Part XII, Line 4B

Invest exp net against revenue on financial statements 312,532 variance in grants 0

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IRS990/MissionDesc0THE MARY E. BIVINS FOUNDATION, A TEXAS NON-PROFIT CORPORATION, WAS FORMED IN 1949. THE PURPOSES / MISSION FOR WHICH THE CORPORATION WAS FORMED ARE: (A) TO OPERATE FOR THE BENEFIT OF NURSING HOMES ESTABLISHED FOR WORTHY, AGED, AND NEEDY PERSONS. (B) TO OPERATE FOR THE BENEFIT OF NURSING HOMES ESTABLISHED FOR WORTHY, AGED, AND NEEDY PERSONS SUFFERING FROM ALZHEIMERS DISEASE. (C) TO OPERATE FOR THE BENEFIT OF WORTHY RELIGIOUS UNDERTAKINGS, INCLUDING THE EDUCATION OF MINISTERS TO PREACH THE CHRISTIAN RELIGION. (D) TO OPERATE FOR THE BENEFIT OF WORTHY CHARITABLE ORGANIZATIONS OR UNDERTAKINGS WHICH SERVE WORTHY, AGED, OR NEEDY PERSONS. (E) TO BE ORGANIZED AND OPERATED IN A MANNER TO SUPPORT OR BENEFIT ONE OR MORE SPECIFIED PUBLICLY SUPPORTED ORGANIZATIONS PURSUANT TO SECTION 1.509(A)-4(D) OF THE TREASURY REGULATIONS. (F) TO BE ORGANIZED AND OPERATED IN A MANNER TO EXCLUSIVELY SUPPORT RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. (G
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LEE BIVINS FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1BETTY BIVINS CHILDERS FOUNDATON
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2BIVINS VILLAGE II
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3BIVINS VILLAGE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$139$0.93$138$7.83$4.57$3.25
2023Detailed filing. Detailed filing data is available for this year.$109$0.20$109$7.25$4.13$3.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.5$0.36$97.1$5.66$2.72$2.94
2021Detailed filing. Detailed filing data is available for this year.$115$0.22$114$7.90$3.33$4.57
2020Detailed filing. Detailed filing data is available for this year.$101$0.50$101$8.37$2.77$5.60
2019Detailed filing. Detailed filing data is available for this year.$90.1$0.83$89.3$8.93$2.83$6.10
2018Detailed filing. Detailed filing data is available for this year.$87.3$0.57$86.7$8.44$2.27$6.16
2017Detailed filing. Detailed filing data is available for this year.$79.4$0.40$79.0$9.53$1.95$7.58
2016Detailed filing. Detailed filing data is available for this year.$73.4$0.87$72.6$9.27$2.23$7.04
2015Detailed filing. Detailed filing data is available for this year.$66.5$0.66$65.8$13.8$5.78$7.99
2014Detailed filing. Detailed filing data is available for this year.$62.0$0.83$61.1$15.7$6.47$9.20
2013Summary only. Only limited summary data is available for this year.$51.3$0.90$50.4$11.3$8.29$3.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.9$0.99$44.0$7.52
2011Summary only. Only limited summary data is available for this year.$41.1$0.69$40.4$4.09$6.83$2.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.6$0.54$44.0$7.47