Civic Intelligence

Brownwood Industrial Foundation Inc

EIN 75-1167985 • 501(c)6 • Brownwood, TX

Profile

To promote the growth of trade and industry within and in the vicinity of brown county, texas and to acquire money, land and other assets for that purpose.

PO Box 880Brownwood, TX 76804

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

0.80x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

4th percentile

-32%

Higher net margin than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

25th percentile

-2.8%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$1,303,507

Down $37,670 (-2.8%) from 2024

Liabilities

Down

$20,000

Down $29,758 (-60%) from 2024

Net Assets

Down

$1,283,507

Down $7,912 (-0.6%) from 2024

Operations
Liabilities / Revenue92nd percentileNet Margin4th percentile

Revenue

Down

$24,893

Down $247,703 (-91%) from 2024

Expenses

Down

$32,805

Down $5,035 (-13%) from 2024

Net Income

Down

-$7,912

Down $242,668 (-103%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,582,561Liabilities 2011: $546,078Net Assets 2011: $1,036,4832011Assets 2012: $1,511,348Liabilities 2012: $507,887Net Assets 2012: $1,003,4612012Assets 2013: $1,474,198Liabilities 2013: $473,669Net Assets 2013: $1,000,5292013Assets 2014: $1,356,226Liabilities 2014: $443,303Net Assets 2014: $912,9232014Assets 2015: $1,311,395Liabilities 2015: $394,941Net Assets 2015: $916,4542015Assets 2016: $1,285,142Liabilities 2016: $356,105Net Assets 2016: $929,0372016Assets 2017: $1,262,754Liabilities 2017: $327,985Net Assets 2017: $934,7692017Assets 2018: $1,234,775Liabilities 2018: $278,321Net Assets 2018: $956,4542018Assets 2019: $1,213,476Liabilities 2019: $239,638Net Assets 2019: $973,8382019Assets 2020: $1,195,835Liabilities 2020: $198,957Net Assets 2020: $996,8782020Assets 2021: $1,195,164Liabilities 2021: $170,661Net Assets 2021: $1,024,5032021Assets 2022: $47,685Liabilities 2022: $02022Assets 2023: $1,180,569Liabilities 2023: $123,906Net Assets 2023: $1,056,6632023Assets 2024: $1,341,177Liabilities 2024: $49,758Net Assets 2024: $1,291,4192024Assets 2025: $1,303,507Liabilities 2025: $20,000Net Assets 2025: $1,283,5072025

Highlighted filing

2025

Assets$1,303,507
Liabilities$20,000
Net Assets$1,283,507
Open 2025 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $55,503Expenses 2011: $186,382Net Income 2011: -$130,8792011Revenue 2012: $49,785Expenses 2012: $45,028Net Income 2012: $4,7572012Revenue 2013: $39,252Expenses 2013: $42,184Net Income 2013: -$2,9322013Revenue 2014: $37,640Expenses 2014: $125,246Net Income 2014: -$87,6062014Revenue 2015: $55,045Expenses 2015: $51,514Net Income 2015: $3,5312015Revenue 2016: $48,610Expenses 2016: $36,027Net Income 2016: $12,5832016Revenue 2017: $43,894Expenses 2017: $38,162Net Income 2017: $5,7322017Revenue 2018: $57,121Expenses 2018: $35,436Net Income 2018: $21,6852018Revenue 2019: $52,415Expenses 2019: $35,031Net Income 2019: $17,3842019Revenue 2020: $56,677Expenses 2020: $33,637Net Income 2020: $23,0402020Revenue 2021: $427,989Expenses 2021: $400,364Net Income 2021: $27,6252021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $50,390Expenses 2023: $38,118Net Income 2023: $12,2722023Revenue 2024: $272,596Expenses 2024: $37,840Net Income 2024: $234,7562024Revenue 2025: $24,893Expenses 2025: $32,805Net Income 2025: -$7,9122025

Highlighted filing

2025

Revenue$24,893
Expenses$32,805
Net Income-$7,912
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,303,507
Liabilities
$20,000
Net assets
$1,283,507
Revenue
$24,893
Expenses
$32,805
Net income
-$7,912
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$0.02$1.28$0.02$0.03$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.05$1.29$0.27$0.04$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.18$0.12$1.06$0.05$0.04$0.01
2022Summary only. Only limited summary data is available for this year.$0.05$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.17$1.02$0.43$0.40$0.03
2020Summary only. Only limited summary data is available for this year.$1.20$0.20$1.00$0.06$0.03$0.02
2019Summary only. Only limited summary data is available for this year.$1.21$0.24$0.97$0.05$0.04$0.02
2018Summary only. Only limited summary data is available for this year.$1.23$0.28$0.96$0.06$0.04$0.02
2017Summary only. Only limited summary data is available for this year.$1.26$0.33$0.93$0.04$0.04$0.01
2016Summary only. Only limited summary data is available for this year.$1.29$0.36$0.93$0.05$0.04$0.01
2015Summary only. Only limited summary data is available for this year.$1.31$0.39$0.92$0.06$0.05$0.00
2014Summary only. Only limited summary data is available for this year.$1.36$0.44$0.91$0.04$0.13$0.09
2013Summary only. Only limited summary data is available for this year.$1.47$0.47$1.00$0.04$0.04$0.00
2012Summary only. Only limited summary data is available for this year.$1.51$0.51$1.00$0.05$0.05$0.00
2011Summary only. Only limited summary data is available for this year.$1.58$0.55$1.04$0.06$0.19$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$24,893
Mission and Program Overview

Mission

To promote the growth of trade and industry within and in the vicinity of brown county, texas and to acquire money, land and other assets for that purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$719,842$1,053,545▲ $333,703
Other Notes and Loans Receivable, Net$577,600$206,227▼ $371,373
Land, Buildings, and Equipment, Net$43,735$43,735→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,341,177$1,303,507▼ $37,670
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,448--
Accounts Payable and Accrued Expenses$20,310$20,000▼ $310
Total Liabilities$49,758$20,000▼ $29,758
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,291,419$1,283,507▼ $7,912
Total Net Assets Fund Balance$1,291,419$1,283,507▼ $7,912
Total Liabilities and Net Assets / Fund Balance$1,341,177$1,303,507▼ $37,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$102,439$102,439
Land$43,735-$43,735
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Jd JohnsonPresident
Jason JohnsonVice President
Jason GrayDirector
Paul WaldropDirector
Robert PorterDirector
Angie ShultsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24,349
Other Revenue
$544
Change in Net Assets
$-7,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$13,586$13,914-$27,500
Fees for Services Accounting$2,000$1,925-$3,925
Insurance-$1,226-$1,226
Other Expenses-$154-$154
Total Functional Expenses$15,586$17,219$0$32,805
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 prepared by an outside cpa and then reviewed by the president prior to signature.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Brownwood Industrial Foundation Inc
EIN
75-1167985
Phone
3256469535
Address
PO BOX 880, BROWNWOOD, TX 76804

Signing Officer

Name
Jd Johnson
Title
President
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jd Johnson
Formed
1959
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Gage & Company Cpas Llp
Address
2 Village Dr Suite 410, Abilene, TX 79606
Preparer
R Mitch Lemen CPA
Phone
3256700888
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Part x - fasb asc 740 footnotethe foundation is a tax exempt institution under 501(c)(6); accordingly no provision for taxes has been made in the financial statements on the exempt function revenue. The earenings from the irp are considered unrelated business revenue subject to unrelated business income tax (ubit). The returns, form 990 and form 990-t, for the years ended march 31, 2020, 2021, and 2022 remain subject to examination by the internal revenue service. Any taxes, penalties and interest attributabe to the foundation would be classified as income taxes on the statement of activities.”

Raw XML Appendix329 raw XML fields

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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IRS990/ProgSrvcAccomActy2Grp/Desc0BIFI IS AN INTERMEDIARY IN THE USDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM (IRP). THE PURPOSE OF THE PROGRAM IS TO ALLEVIATE POVERTY AND INCREASE ECONOMIC ACTIVITY AND EMPLOYMENT IN RURAL COMMUNITIES, THROUGH PARTNERSHIP WITH OTHER PUBLIC AND PRIVATE SOURCES, AND IN ACCORDANCE WITH STATE AND REGIONAL STRATEGY BASED ON IDENTIFIED COMMUNITY NEEDS, THIS IS ACCOMPLISHED BY RELENDING FUNDS BORROWED FROM USDA RURAL DEVELOPMENT TO LOCAL BUSINESSES. TOTAL LOANS OUTSTANDING AT YEAR END AMOUNT TO $81,100.
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043735
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X - FASB ASC 740 FOOTNOTETHE FOUNDATION IS A TAX EXEMPT INSTITUTION UNDER 501(C)(6); ACCORDINGLY NO PROVISION FOR TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS ON THE EXEMPT FUNCTION REVENUE. THE EARENINGS FROM THE IRP ARE CONSIDERED UNRELATED BUSINESS REVENUE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE RETURNS, FORM 990 AND FORM 990-T, FOR THE YEARS ENDED MARCH 31, 2020, 2021, AND 2022 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ANY TAXES, PENALTIES AND INTEREST ATTRIBUTABE TO THE FOUNDATION WOULD BE CLASSIFIED AS INCOME TAXES ON THE STATEMENT OF ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043735
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN OUTSIDE CPA AND THEN REVIEWED BY THE PRESIDENT PRIOR TO SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt032805
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049758
IRS990/TotalLiabilitiesEOYAmt020000
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IRS990/TotalLiabilitiesGrp/EOYAmt020000
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt024893
IRS990/TotalVolunteersCnt05
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01303507
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 880
IRS990/USAddress/CityNm0BROWNWOOD
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076804
IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JD JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROWNWOOD INDUSTRIAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BROW
ReturnHeader/Filer/EIN0751167985
ReturnHeader/Filer/PhoneNum03256469535
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 880
ReturnHeader/Filer/USAddress/CityNm0BROWNWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076804
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752718764
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GAGE & COMPANY CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 Village Dr Suite 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Abilene
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079606
ReturnHeader/PreparerPersonGrp/PhoneNum03256700888
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R MITCH LEMEN CPA
ReturnHeader/ReturnTs02025-05-14T13:02:21-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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