Civic Intelligence

Texas College

990 • Fiscal year 2023 • EIN 75-0917417

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 14, 2023

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

33rd percentile

0.12x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.42x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

79th percentile

19%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$499,814

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

50th percentile

6.1%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$62,529,622

Up $3,597,249 (+6.1%) from 2022

Net Assets

Up

$55,286,860

Up $3,402,117 (+6.6%) from 2022

Liabilities

Up

$7,242,762

Up $195,132 (+2.8%) from 2022

Revenue

Down

$17,244,694

Down $4,879,550 (-22%) from 2022

Expenses

Up

$13,960,954

Up $509,637 (+3.8%) from 2022

Net Income

Down

$3,283,740

Down $5,389,187 (-62%) from 2022

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

2023

Assets$62,529,622
Liabilities$7,242,762
Net Assets$55,286,860

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

2023

Revenue$17,244,694
Expenses$13,960,954
Net Income$3,283,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$17,244,694
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$36,270,656$38,136,623▲ $1,865,967
Cash and Non-Interest-Bearing Accounts$6,838,924$8,589,599▲ $1,750,675
Investments in Publicly Traded Securities$7,430,836$8,312,578▲ $881,742
Pledges and Grants Receivable$5,010,354$5,010,354→ $0
Accounts Receivable$3,140,518$2,235,181▼ $905,337
Prepaid Expenses and Deferred Charges$87,250$103,416▲ $16,166
Investments Other Securities$100,000$100,000→ $0
Total Assets$58,932,373$62,529,622▲ $3,597,249
Other Assets Total$53,835$41,871▼ $11,964
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,803,404$6,812,143▲ $8,739
Accounts Payable and Accrued Expenses$188,084$388,405▲ $200,321
Other Liabilities$53,980$42,214▼ $11,766
Total Liabilities$7,045,468$7,242,762▲ $197,294
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,343,421$49,280,876▲ $2,937,455
Net Assets With Donor Restrictions$5,543,484$6,005,984▲ $462,500
Total Net Assets Fund Balance$51,886,905$55,286,860▲ $3,399,955
Total Liabilities and Net Assets / Fund Balance$58,932,373$62,529,622▲ $3,597,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,378,189$15,118,749$43,496,938
Equipment$8,690,705$4,630,055$13,320,760
Land$1,067,729-$1,067,729

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,806,667$22,500▲ $116,215-$2,829,167
2021$2,752,667$54,000▼ $1,339,311-$2,806,667
2020$2,580,196$172,471▲ $1,760,340-$2,752,667
2019$2,440,483$139,713▲ $136,187-$2,580,196
2018$2,334,265$106,218▼ $34,831-$2,440,483
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Dwight J FennellPresidentFT$360,000$139,814$499,814
Ms Millicent L RickenbackerVP BusinessFT$90,000-$90,000
Ms Jan DuncanVP AcademicFT$89,250-$89,250
Mrs Cynthia Marshall-bigginsVP Student aFT$85,000-$85,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Garrett & AssociatesConstruction21405 COUNTY ROAD 2182, SUITE 305, Whitehouse, TX 75791$2,120,395
Elliot Travel & ToursTravel5787 SOUTH HAMPTON ROAD, Dallas, TX 75232$240,239
Jenzabar INCInformation TecPOBOX 845588, Boston, MA 02284-5588$183,017
M&b Wholesale LLCFood Services1001 WEST OAKWOOD STREET, Tyler, TX 75702$145,461
Cynergy TechnologyIt Services3903 TIMMS STREET, Tyler, TX 75701$118,371
Revenue and Support

Revenue Composition

Contributions and Grants
$7,653,170
Program Service Revenue
$9,064,403
Investment Income
$393,130
Other Revenue
$133,991
All Other Contributions
$1,289,739
Change in Net Assets
$3,283,740

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,244,694
Revenue Not Reported on Form 990
$116,215
Total Revenue per Audited Statements
$17,360,909
Total Revenue per Form 990
$17,244,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,880,256
Salaries, Compensation, and Employee Benefits$764,064
Grants and Similar Amounts Paid$316,634
Total Fundraising Expense$213,093
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,469,733$4,163,246$213,093$1,469,733
Current Officers, Directors, Trustees, and Key Employees-$764,064-$764,064
All Other Expenses$537,297$219,206-$756,503
Grants to Domestic Individuals$316,634--$316,634
Total Functional Expenses$8,601,345$5,146,516$213,093$13,960,954

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,960,954
Total Expenses per Audited Statements$13,960,954
Total Expenses per Form 990$13,960,954
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
Capital Lease Obligations$42,214
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, Page 6, Part VI, Line 11B

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

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

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 college's audit committee is responsible for ensuring adherence to the policy.

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

Form 990, part vi, section b, line 15a: the texas college board of trustees executive committee determines the president's compensation based on preset goals and objectives outlined in his contract.

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

Form 990, part vi, section b, line 15b: the president determines the salary of key employees based on experience and skills.

Form 990, Page 6, Part VI, Line 19

Form 990, part vi, section c, line 19: persons wanting to view texas college's governing documents, financial statements, or conflict of interest policy must make a request in writing to the president's office. The president's 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
Ms Millicent L Rickenbacker
Title
VP Business and Fin.
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Millicent L Rickenbacker
Formed
1944
Legal Domicile
TX
Voting Board Members
20
Independent Board Members
20
Employees
136
Volunteers
14

Preparer

Firm
The Wesley Peachtree Group Cpas
Address
OC
Preparer
Dane Alexander
Phone
4048740555
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

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.

Schedule D, Page 2, Part V, Line 4

Part v line 4 the endowment funds shown are permanently restricted. The college does not intend to use the funds.

Schedule D, Page 3, Part X

Part x line 2 accounting principles generally accepted in the united states of america require the college's 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, 2023 and believes that there are no such positions as of june 30, 2023. Accordingly, no liability has been accrued. There are no years under examination by any taxing authority.

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Document Assets

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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