Civic Intelligence

Texas College

990 • Fiscal year 2020 • EIN 75-0917417

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

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

75th percentile

0.58x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

1.50x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$400,735

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

40th percentile

3.8%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-3.3%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$47,766,494

Up $1,732,921 (+3.8%) from 2019

Net Assets

Up

$20,288,612

Up $2,502,624 (+14%) from 2019

Liabilities

Down

$27,477,882

Down $769,703 (-2.7%) from 2019

Revenue

Down

$18,282,098

Down $632,593 (-3.3%) from 2019

Expenses

Down

$15,915,661

Down $1,471,764 (-8.5%) from 2019

Net Income

Up

$2,366,437

Up $839,171 (+55%) from 2019

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

2020

Assets$47,766,494
Liabilities$27,477,882
Net Assets$20,288,612

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

2020

Revenue$18,282,098
Expenses$15,915,661
Net Income$2,366,437
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.1
Gross Receipts
$18,282,098
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$31,674,075$31,839,085▲ $165,010
Investments in Publicly Traded Securities$5,334,907$6,369,159▲ $1,034,252
Pledges and Grants Receivable$5,010,354$5,010,354→ $0
Cash and Non-Interest-Bearing Accounts$316,219$1,691,650▲ $1,375,431
Accounts Receivable$1,905,153$1,480,381▼ $424,772
Investments Other Securities$100,000--
Prepaid Expenses and Deferred Charges$134,978$66,539▼ $68,439
Total Assets$46,033,573$47,766,494▲ $1,732,921
Other Assets Total$1,557,887$1,309,326▼ $248,561
Liabilities
Tax Exempt Bond Liabilities$18,373,844$17,876,154▼ $497,690
Mortgage Notes Payable Secured by Investment Property$9,213,887$9,457,588▲ $243,701
Accounts Payable and Accrued Expenses$659,854$144,140▼ $515,714
Total Liabilities$28,247,585$27,477,882▼ $769,703
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,173,218$15,771,600▲ $1,598,382
Net Assets With Donor Restrictions$3,612,770$4,517,012▲ $904,242
Total Net Assets Fund Balance$17,785,988$20,288,612▲ $2,502,624
Total Liabilities and Net Assets / Fund Balance$46,033,573$47,766,494▲ $1,732,921

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,576,819$12,710,667$36,287,486
Equipment$7,393,759$3,986,102$11,379,861
Land$868,507-$868,507

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,440,483$139,713▲ $136,187-$2,580,196
2018$2,334,265$106,218▼ $34,831-$2,440,483
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Dwight J FennellPresident-$240,000$160,735$400,735
Mrs Cynthia Marshall-BigginsVP for Student AffairsFT$85,000-$85,000
Ms Lisa TaylorVP for Academic AffairsFT$80,000-$80,000
Mr James HarrisVP for Business and FinanceFT$46,500-$46,500
Ms Millicent L RickenbackerVP for Business and FinanceFT$12,500-$12,500

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bullock InvestigationsSecurity300 N Green Street Ste 303, Addison, TX 75001$420,651
Garrett AssociatesConstruction Servi21405 CR 2182, Whitehouse, TX 75791$398,591
Sysco North TexasFood ProductsPO Box 560700, Lewisville, TX 75056$298,161
Aladdin Food Management ServicesLLCFood Service16567 Collections Center Drive, Chicago, IL 60693$238,145
Elliott Travel ToursTravel Services5787 S Hampton Road Ste 305, Dallas, TX 75232$165,150
Revenue and Support

Revenue Composition

Contributions and Grants
$4,873,834
Program Service Revenue
$12,276,744
Investment Income
$131,504
Other Revenue
$1,000,016
All Other Contributions
$1,015,747
Change in Net Assets
$2,366,437

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,282,098
Revenue Not Reported on Form 990
$136,187
Total Revenue per Audited Statements
$18,418,285
Total Revenue per Form 990
$18,282,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,472,686
Grants and Similar Amounts Paid$818,240
Salaries, Compensation, and Employee Benefits$624,735
Total Fundraising Expense$120,932
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$790,458$5,327,660$120,932$6,239,050
All Other Expenses$3,047,874--$3,047,874
Grants to Domestic Individuals$818,240--$818,240
Current Officers, Directors, Trustees, and Key Employees-$624,735-$624,735
Total Functional Expenses$9,437,185$6,357,544$120,932$15,915,661

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,915,661
Total Expenses per Audited Statements$15,915,661
Total Expenses per Form 990$15,915,661
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Form 990 is emailed to the governing board for review, a conference call is then utilized for approval prior to filing.

Conflict of interest policy compliance Part VI 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.

CEO executive director top management comp Part VI line 15A

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

Other officer or key employee compensation Part VI line 15B

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

Governing documents etc available to public Part VI 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
Address
2404 N Grand Avenue, Tyler, TX 75702

Signing Officer

Name
Ms Millicent L Rickenbacker
Title
VP for Busine
Phone
9035938311
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Millicent L Rickenbacker
Formed
1944
Legal Domicile
TX
Voting Board Members
21
Independent Board Members
21
Employees
238
Volunteers
24

Preparer

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

Additional Explanations

List of other expenses Part IX line 24E

Other expenses consist of Auxiliary Enterprises

Part XI response or note to any line in Part XI

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

Collections descriptions (Part III, line 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. These displays are used for public exhibition,but more importantly for the informational and educational programs of artists through endeavors such as lectures and workshops.

Endowment funds intended uses (Part V, line 4)

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

Footnote for uncertain tax position under FIN 48 (Part X)

Accounting principles generally accepted in the United States of America require 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, 2020 and believes that there are no such positions as of June 30, 2020. Accordingly, no liability has been accrued. There are no years under examination by any taxing authority.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Bishop Lawrence L Reddick III
IRS990/Form990PartVIISectionAGrp/PersonNm1Mrs Billye Suber Aaron
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Bobby Best
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Vanessee Burns
IRS990/Form990PartVIISectionAGrp/PersonNm4Ms Bridget Chisholm
IRS990/Form990PartVIISectionAGrp/PersonNm5Mrs Gwendolyn Collins
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Carmichael Crutchfield
IRS990/Form990PartVIISectionAGrp/PersonNm7Dr Tyrone Davis
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Vince Gonzales
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Robert Hatchett
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr Charles Hill
IRS990/Form990PartVIISectionAGrp/PersonNm11Attorney Jim Lambeth
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr Orenthia Mason
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Leon McCowan
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Timothy H McKay PE
IRS990/Form990PartVIISectionAGrp/PersonNm15Dr Patricia M McKenzie
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Jamal Moharer
IRS990/Form990PartVIISectionAGrp/PersonNm17Attorney Clifton Roberson
IRS990/Form990PartVIISectionAGrp/PersonNm18Dr Annie Grace Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr Hirsch A Serman
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr Dwight J Fennell
IRS990/Form990PartVIISectionAGrp/PersonNm21Mrs Sarah D Wilborn
IRS990/Form990PartVIISectionAGrp/PersonNm22Mrs Cynthia Marshall-Biggins
IRS990/Form990PartVIISectionAGrp/PersonNm23Mr James Harris
IRS990/Form990PartVIISectionAGrp/PersonNm24Ms Millicent L Rickenbacker
IRS990/Form990PartVIISectionAGrp/PersonNm25Ms Lisa Taylor
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7General Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20President
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP for Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP for Business and Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP for Business and Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP for Academic Affairs
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IRS990/MissionDesc0To 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.
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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