Civic Intelligence

Texas College

990 • Fiscal year 2018 • EIN 75-0917417

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

2404 N Grand AvenueTyler, TX 75702

(903) 593-8311

Siviq Scores

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

Liabilities / Assets

76th percentile

0.57x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

1.33x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

19th percentile

-4.9%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$380,090

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

51st percentile

2.8%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-8.4%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$38,202,397

Up $1,022,880 (+2.8%) from 2017

Net Assets

Down

$16,293,553

Down $389,334 (-2.3%) from 2017

Liabilities

Up

$21,908,844

Up $1,412,214 (+6.9%) from 2017

Revenue

Down

$16,479,278

Down $1,504,062 (-8.4%) from 2017

Expenses

Down

$17,280,325

Down $20,287 (-0.1%) from 2017

Net Income

Down

-$801,047

Down $1,483,775 (-217%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $11,682,419Liabilities 2010: $2,517,865Net Assets 2010: $9,164,5542010Assets 2011: $12,913,147Liabilities 2011: $2,764,363Net Assets 2011: $10,148,7842011Assets 2012: $13,730,946Liabilities 2012: $2,308,798Net Assets 2012: $11,422,1482012Assets 2013: $13,805,803Liabilities 2013: $1,800,913Net Assets 2013: $12,004,8902013Assets 2014: $15,314,997Liabilities 2014: $1,382,204Net Assets 2014: $13,932,7932014Assets 2015: $23,150,809Liabilities 2015: $8,018,874Net Assets 2015: $15,131,9352015Assets 2016: $34,294,773Liabilities 2016: $18,617,505Net Assets 2016: $15,677,2682016Assets 2017: $37,179,517Liabilities 2017: $20,496,630Net Assets 2017: $16,682,8872017Assets 2018: $38,202,397Liabilities 2018: $21,908,844Net Assets 2018: $16,293,5532018Assets 2019: $46,033,573Liabilities 2019: $28,247,585Net Assets 2019: $17,785,9882019Assets 2020: $47,766,494Liabilities 2020: $27,477,882Net Assets 2020: $20,288,6122020Assets 2021: $53,330,557Liabilities 2021: $8,779,430Net Assets 2021: $44,551,1272021Assets 2022: $58,932,373Liabilities 2022: $7,047,630Net Assets 2022: $51,884,7432022Assets 2023: $62,529,622Liabilities 2023: $7,242,762Net Assets 2023: $55,286,8602023Assets 2024: $67,273,267Liabilities 2024: $7,101,260Net Assets 2024: $60,172,0072024Assets 2025: $69,678,410Liabilities 2025: $7,328,127Net Assets 2025: $62,350,2832025

Highlighted filing

2018

Assets$38,202,397
Liabilities$21,908,844
Net Assets$16,293,553

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $14,409,2592010Expenses 2011: $14,547,8592011Expenses 2012: $12,966,7542012Expenses 2013: $12,266,4282013Revenue 2014: $13,971,477Expenses 2014: $12,274,803Net Income 2014: $1,696,6742014Revenue 2015: $14,252,456Expenses 2015: $13,026,116Net Income 2015: $1,226,3402015Revenue 2016: $15,560,084Expenses 2016: $15,144,588Net Income 2016: $415,4962016Revenue 2017: $17,983,340Expenses 2017: $17,300,612Net Income 2017: $682,7282017Revenue 2018: $16,479,278Expenses 2018: $17,280,325Net Income 2018: -$801,0472018Revenue 2019: $18,914,691Expenses 2019: $17,387,425Net Income 2019: $1,527,2662019Revenue 2020: $18,282,098Expenses 2020: $15,915,661Net Income 2020: $2,366,4372020Revenue 2021: $16,189,666Expenses 2021: $11,361,560Net Income 2021: $4,828,1062021Revenue 2022: $22,124,244Expenses 2022: $13,451,317Net Income 2022: $8,672,9272022Revenue 2023: $17,244,694Expenses 2023: $13,960,954Net Income 2023: $3,283,7402023Revenue 2024: $19,163,497Expenses 2024: $14,808,534Net Income 2024: $4,354,9632024Revenue 2025: $18,493,524Expenses 2025: $16,839,973Net Income 2025: $1,653,5512025

Highlighted filing

2018

Revenue$16,479,278
Expenses$17,280,325
Net Income-$801,047
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$16,479,278
Mission and Program Overview

Mission

To ensure that the student body experiences balanced intellectual, psychological, social and spiritual development, aimed at enabling them to become active productive members of society where they live and work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,761,850$29,732,712▲ $970,862
Investments in Publicly Traded Securities$4,308,307$4,648,468▲ $340,161
Accounts Receivable$2,127,304$2,037,446▼ $89,858
Prepaid Expenses and Deferred Charges$128,079$127,259▼ $820
Cash and Non-Interest-Bearing Accounts$359,134$111,012▼ $248,122
Investments Other Securities$100,000$100,000→ $0
Total Assets$37,179,517$38,202,397▲ $1,022,880
Other Assets Total$1,394,843$1,445,500▲ $50,657
Liabilities
Tax Exempt Bond Liabilities$18,617,798$18,591,782▼ $26,016
Mortgage Notes Payable Secured by Investment Property$713,637$1,862,653▲ $1,149,016
Accounts Payable and Accrued Expenses$1,165,195$1,454,409▲ $289,214
Total Liabilities$20,496,630$21,908,844▲ $1,412,214
Net Assets / Fund Balance
Unrestricted Net Assets$13,817,651$13,335,817▼ $481,834
Permanently Rstr Net Assets$2,241,765$2,334,265▲ $92,500
Temporarily Rstr Net Assets$623,471$623,471→ $0
Total Net Assets Fund Balance$16,682,887$16,293,553▼ $389,334
Total Liabilities and Net Assets / Fund Balance$37,179,517$38,202,397▲ $1,022,880

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,008,395$11,181,843$33,190,238
Equipment$6,941,479$3,526,769$10,468,248
Land$782,838-$782,838

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,241,765$92,500▲ $411,713-$2,334,265
2016$1,963,165$278,600▲ $322,891-$2,241,765
2015$1,863,165$100,000▲ $94,837-$1,963,165
2014$1,863,165-▼ $27,198-$1,863,165
2013$1,863,527-▲ $231,229$362$1,863,165
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Dwight J FennellPresidentFT$266,817$116,273$383,090
Mr James E HarrisVice President for Business FinanceFT$90,000-$90,000
Mr Stephen JonesVice President for Academic AffairsFT$85,000-$85,000
Mrs Cynthia Marshall-BigginsVice President for Student AffairsFT$77,250-$77,250

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Garrett & AssociatesConstruction21405 County Road 2182, Whitehouse, TX 75791$1,157,905
CurMont Food Services Group LLCFood Service Provider4135 S Stream Boulevard Suite 250, Charlotte, NC 28217$824,737
Champion National SecuritySecurity ServicesP O Box 975243, Dallas, TX 75397$520,241
Elliott Travel and ToursTravel Services5801 Marvin D Love Freeway 232, Dallas, TX 75237$217,355
Tyco Integrated SecuritySecurity ServicesP O Box 371967, Pttsburgh, PA 15250$140,328
Revenue and Support

Revenue Composition

Contributions and Grants
$2,262,944
Program Service Revenue
$14,002,714
Investment Income
$64,324
Other Revenue
$149,296
All Other Contributions
$871,517
Change in Net Assets
$-801,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,479,278
Revenue Not Reported on Form 990
$411,713
Total Revenue per Audited Statements
$16,890,991
Total Revenue per Form 990
$16,479,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,573,794
Grants and Similar Amounts Paid$1,074,191
Salaries, Compensation, and Employee Benefits$632,340
Total Fundraising Expense$104,411
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$417,109$5,619,810$104,411$6,141,330
All Other Expenses$3,262,750--$3,262,750
Grants to Domestic Individuals$1,074,191--$1,074,191
Current Officers, Directors, Trustees, and Key Employees-$632,340-$632,340
Total Functional Expenses$10,472,203$6,703,711$104,411$17,280,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,280,325
Total Expenses per Audited Statements$17,280,325
Total Expenses per Form 990$17,280,325
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is emailed to the Chair of the Texas College Board of Trustees Finance Committee. The Chair coordinates review with the Committee. The Chair recommends approval to the Board of Trustees Chair and College President. Acceptance results in filing approval.

Form 990, Part VI, Section B, Line 12C

Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy.

Form 990, Part VI, Section B, Line 15A

The Texas College Board of Trustees Executive Committee determines the Presidents compensation based on preset goals and objectives outlined in his contract.

Form 990, Part VI, Section B, Line 15B

The President determines the salary of key employees based on experience and skills.

Form 990, Part VI, Section C, Line 19

Persons wanting to view Texas College governing documents, financial statements, or conflict of interst policy must make a request in writing to the Presidents Office. The Presidents office will determine the method of release for the requested documents.

Filing and Contact Details

Filer

Filer Name
Texas College
EIN
75-0917417
Phone
9035938311
Address
2404 N Grand Avenue, Tyler, TX 75702

Signing Officer

Name
James E Harris
Title
Vice President of Business Finance
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Harris
Formed
1944
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
199
Volunteers
20

Preparer

Firm
Murphy and Company PC
Address
1475 Klondike Road Suite 100, Conyers, GA 30094
Preparer
Dane Alexander
Phone
4048740555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the year.

Financial Statement Notes

V 4

The endowment funds shown are permanently restricted. The College does not intend to use the funds.

X 2

Accounting principles generally accepted in the United States of America required the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax positions for the year ended June 30, 2018 and believes that there are no such positions as of June 30, 2018. Accordingly, no liability has been accrued. There are no years under examination by any taxing authority.

III 4

This Work from the Benny Andrews art collection was gifted to the College from the Benny Andrews Foundation, Inc. via the United Negro College Fund. This displays are used for public exhibition, but more importantly for the informational and educational programs of artists through endeavors such as lectures and workshops.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Jerry L Christian Sr
IRS990/Form990PartVIISectionAGrp/PersonNm1Dr Bobby Best
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Kenneth Carter
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Tyrone T Davis
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Charles Hill
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Jesse Jones
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Charles J King Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Dr Donald R Madlock Sr
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Leon McCowan Sr
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Timothy McKay
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Patricia M Donley-McKenzie
IRS990/Form990PartVIISectionAGrp/PersonNm11Attorney Clifton Roberson
IRS990/Form990PartVIISectionAGrp/PersonNm12Mrs Billye S Aaron
IRS990/Form990PartVIISectionAGrp/PersonNm13Mrs Sarah D Wilborn
IRS990/Form990PartVIISectionAGrp/PersonNm14Dr Selwyn Willis
IRS990/Form990PartVIISectionAGrp/PersonNm15Ms Pene G Woods
IRS990/Form990PartVIISectionAGrp/PersonNm16Bishop Lawrence L Reddick III
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Kenneth Bentley
IRS990/Form990PartVIISectionAGrp/PersonNm18Ms Briget Chisholm
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr Spencer Hervey
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Carmichael Crutchfield
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr Vince Gonzales
IRS990/Form990PartVIISectionAGrp/PersonNm22Mr Robert Hatchett
IRS990/Form990PartVIISectionAGrp/PersonNm23Ms Annie Grace Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm24Mr Hirsch A Serman
IRS990/Form990PartVIISectionAGrp/PersonNm25Dr Dwight J Fennell
IRS990/Form990PartVIISectionAGrp/PersonNm26Mr James E Harris
IRS990/Form990PartVIISectionAGrp/PersonNm27Mrs Cynthia Marshall-Biggins
IRS990/Form990PartVIISectionAGrp/PersonNm28Mr Stephen Jones
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Chairperson
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25President
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President for Business Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt27Vice President for Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt28Vice President for Academic Affairs
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$69.7$7.33$62.4$18.5$16.8$1.65
2024Detailed filing. Detailed filing data is available for this year.$67.3$7.10$60.2$19.2$14.8$4.35
2023Detailed filing. Detailed filing data is available for this year.$62.5$7.24$55.3$17.2$14.0$3.28
2022Detailed filing. Detailed filing data is available for this year.$58.9$7.05$51.9$22.1$13.5$8.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$8.78$44.6$16.2$11.4$4.83
2020Detailed filing. Detailed filing data is available for this year.$47.8$27.5$20.3$18.3$15.9$2.37
2019Detailed filing. Detailed filing data is available for this year.$46.0$28.2$17.8$18.9$17.4$1.53
2018Detailed filing. Detailed filing data is available for this year.$38.2$21.9$16.3$16.5$17.3$0.80
2017Detailed filing. Detailed filing data is available for this year.$37.2$20.5$16.7$18.0$17.3$0.68
2016Detailed filing. Detailed filing data is available for this year.$34.3$18.6$15.7$15.6$15.1$0.42
2015Detailed filing. Detailed filing data is available for this year.$23.2$8.02$15.1$14.3$13.0$1.23
2014Detailed filing. Detailed filing data is available for this year.$15.3$1.38$13.9$14.0$12.3$1.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.80$12.0$12.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$2.31$11.4$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$2.76$10.1$14.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$2.52$9.16$14.4