Civic Intelligence

Denison Industrial Foundation Inc

990 • Fiscal year 2020 • EIN 75-1186381

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 08, 2021

Organization ProfileN/A
311 West WoodardDenison, TX 75020

(903) 464-0883

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.52x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

5.62x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

79th percentile

19%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

37%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$13,891,252

Up $1,413,993 (+11%) from 2019

Net Assets

Up

$6,634,489

Up $246,987 (+3.9%) from 2019

Liabilities

Up

$7,256,763

Up $1,167,006 (+19%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin79th percentile

Revenue

Up

$1,291,052

Up $350,654 (+37%) from 2019

Expenses

Up

$1,044,065

Up $595,267 (+133%) from 2019

Net Income

Down

$246,987

Down $244,613 (-50%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$15M$10M$5.0M$0Assets 2011: $2,019,417Liabilities 2011: $963,553Net Assets 2011: $1,055,8642011Assets 2012: $2,011,132Liabilities 2012: $671,031Net Assets 2012: $1,340,1012012Assets 2013: $2,803,678Liabilities 2013: $1,240,481Net Assets 2013: $1,563,1972013Assets 2014: $2,977,525Liabilities 2014: $1,075,670Net Assets 2014: $1,901,8552014Assets 2015: $2,959,326Liabilities 2015: $636,586Net Assets 2015: $2,322,7402015Assets 2016: $3,924,207Liabilities 2016: $104,376Net Assets 2016: $3,819,8312016Assets 2017: $4,240,951Liabilities 2017: $69,904Net Assets 2017: $4,171,0472017Assets 2018: $6,772,953Liabilities 2018: $877,051Net Assets 2018: $5,895,9022018Assets 2019: $12,477,259Liabilities 2019: $6,089,757Net Assets 2019: $6,387,5022019Assets 2020: $13,891,252Liabilities 2020: $7,256,763Net Assets 2020: $6,634,4892020Assets 2021: $13,693,763Liabilities 2021: $6,971,626Net Assets 2021: $6,722,1372021Assets 2022: $13,598,078Liabilities 2022: $6,705,204Net Assets 2022: $6,892,8742022Assets 2023: $13,421,271Liabilities 2023: $6,458,310Net Assets 2023: $6,962,9612023Assets 2024: $13,247,658Liabilities 2024: $6,238,387Net Assets 2024: $7,009,2712024

Highlighted filing

2020

Assets$13,891,252
Liabilities$7,256,763
Net Assets$6,634,489
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

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

$3.0M$2.0M$1.0M$0Revenue 2011: $577,592Expenses 2011: $543,990Net Income 2011: $33,6022011Revenue 2012: $790,981Expenses 2012: $506,744Net Income 2012: $284,2372012Revenue 2013: $864,206Expenses 2013: $641,110Net Income 2013: $223,0962013Revenue 2014: $1,080,197Expenses 2014: $741,539Net Income 2014: $338,6582014Revenue 2015: $1,115,290Expenses 2015: $694,405Net Income 2015: $420,8852015Revenue 2016: $2,175,307Expenses 2016: $678,216Net Income 2016: $1,497,0912016Revenue 2017: $862,949Expenses 2017: $511,733Net Income 2017: $351,2162017Revenue 2018: $2,161,802Expenses 2018: $436,947Net Income 2018: $1,724,8552018Revenue 2019: $940,398Expenses 2019: $448,798Net Income 2019: $491,6002019Revenue 2020: $1,291,052Expenses 2020: $1,044,065Net Income 2020: $246,9872020Revenue 2021: $1,394,238Expenses 2021: $1,306,590Net Income 2021: $87,6482021Revenue 2022: $1,661,101Expenses 2022: $1,490,364Net Income 2022: $170,7372022Revenue 2023: $1,169,664Expenses 2023: $1,099,577Net Income 2023: $70,0872023Revenue 2024: $1,090,811Expenses 2024: $1,044,501Net Income 2024: $46,3102024

Highlighted filing

2020

Revenue$1,291,052
Expenses$1,044,065
Net Income$246,987
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 8, 2021
Return Version
2019v5.0
Gross Receipts
$1,291,052
Mission and Program Overview

Mission

Promote industrial and business development in the city of denison, tx.

Promote industrial and business development in the City of Denison, Texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,878,365$10,785,992▲ $907,627
Savings and Temporary Cash Investments$2,433,894$2,454,520▲ $20,626
Cash and Non-Interest-Bearing Accounts$144,907$255,453▲ $110,546
Other Notes and Loans Receivable, Net$5,000$255,000▲ $250,000
Accounts Receivable-$118,597-
Prepaid Expenses and Deferred Charges$15,093$21,690▲ $6,597
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-
Total Assets$12,477,259$13,891,252▲ $1,413,993
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,368,467$6,994,728▲ $1,626,261
Accounts Payable and Accrued Expenses$625,627$229,088▼ $396,539
Deferred Revenue$95,663$26,147▼ $69,516
Other Liabilities-$6,800-
Total Liabilities$6,089,757$7,256,763▲ $1,167,006
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,387,502$6,634,489▲ $246,987
Total Net Assets Fund Balance$6,387,502$6,634,489▲ $246,987
Total Liabilities and Net Assets / Fund Balance$12,477,259$13,891,252▲ $1,413,993

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,310,034$3,358,603$12,668,637
Land$1,475,958-$1,475,958
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Aaron SchmitzChairman
John BullardPast Chairman
Kristine McKinneyVice Chairman
David MeansDirector
Dr Melinda ParkerDirector
Harry LemmingDirector
Jason KupferschmidDirector
Meredith DotyDirector
Merry Munson WyattDirector
Mitch MartinDirector
Charles ShearerSecretary
Mark DenisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,230,818
Investment Income
$35,234
Other Revenue
$25,000
Change in Net Assets
$246,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,291,052
Total Revenue per Audited Statements
$1,291,052
Total Revenue per Form 990
$1,291,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,031,565
Grants and Similar Amounts Paid$12,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$421,383$4,286-$425,669
Depreciation Depletion$384,583--$384,583
Interest$140,968--$140,968
Fees for Services Management-$48,000-$48,000
Insurance$20,763$202-$20,965
Grants to Domestic Orgs$12,500--$12,500
Office Expenses-$6,195-$6,195
Fees for Services Accounting-$5,185-$5,185
Total Functional Expenses$980,197$63,868$0$1,044,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,044,065
Total Expenses per Audited Statements$1,044,065
Total Expenses per Form 990$1,044,065
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable lease deposits$6,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

“Form 990 is made available for review by board members after it is prepared. The Board does not conduct a formal review.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Organization provides copy upon request.”

Filing and Contact Details

Filer

Filer Name
Denison Industrial Foundation Inc
EIN
75-1186381
Phone
9034640883
Address
311 West Woodard, Denison, TX 75020

Signing Officer

Name
Loretta Rhoden
Title
Opr/Project Coord.
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Formed
1959
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Veronica Brown Davis CPA
Address
PO Box 1218, Denison, TX 75021
Preparer
Veronica Brown Davis CPA
Phone
9034633765
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06387502
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06634489
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04286
IRS990/OccupancyGrp/ProgramServicesAmt0421383
IRS990/OccupancyGrp/TotalAmt0425669
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06195
IRS990/OfficeExpensesGrp/TotalAmt06195
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt06800
IRS990/OtherRevenueMiscGrp/Desc0Reimbursement legal fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025000
IRS990/OtherRevenueTotalAmt025000
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0255000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015093
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021690
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0Real estate rentals
IRS990/ProgramServiceRevenueGrp/Desc1Tenant reimbursement
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01073221
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1157597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01073221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1157597
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt021800
IRS990/PYInvestmentIncomeAmt045871
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0426998
IRS990/PYOtherRevenueAmt014685
IRS990/PYProgramServiceRevenueAmt0879842
IRS990/PYRevenuesLessExpensesAmt0491600
IRS990/PYTotalExpensesAmt0448798
IRS990/PYTotalRevenueAmt0940398
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0246987
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02433894
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02454520
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09310034
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03358603
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012668637
IRS990ScheduleD/ExpensesSubtotalAmt01044065
IRS990ScheduleD/LandGrp/BookValueAmt01475958
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01475958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable lease deposits
IRS990ScheduleD/RevenueSubtotalAmt01291052
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010785992
IRS990ScheduleD/TotalExpensesPerForm990Amt01044065
IRS990ScheduleD/TotalLiabilityAmt06800
IRS990ScheduleD/TotalRevenuePerForm990Amt01291052
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01291052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01044065
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is made available for review by board members after it is prepared. The Board does not conduct a formal review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization provides copy upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012477259
IRS990/TotalAssetsEOYAmt013891252
IRS990/TotalAssetsGrp/BOYAmt012477259
IRS990/TotalAssetsGrp/EOYAmt013891252
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0980197
IRS990/TotalFunctionalExpensesGrp/TotalAmt01044065
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06089757
IRS990/TotalLiabilitiesEOYAmt07256763
IRS990/TotalLiabilitiesGrp/BOYAmt06089757
IRS990/TotalLiabilitiesGrp/EOYAmt07256763
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06387502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06634489
IRS990/TotalProgramServiceExpensesAmt0980197
IRS990/TotalProgramServiceRevenueAmt01230818
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01291052
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01291052
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012477259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013891252
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 West Woodard
IRS990/USAddress/CityNm0Denison
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075020
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Loretta Rhoden
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Opr/Project Coord.
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Denison Industrial Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0DENI
ReturnHeader/Filer/EIN0751186381
ReturnHeader/Filer/PhoneNum09034640883
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 West Woodard
ReturnHeader/Filer/USAddress/CityNm0Denison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075020
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460615261
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERONICA BROWN DAVIS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1218
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Denison
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075021
ReturnHeader/PreparerPersonGrp/PhoneNum09034633765
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Veronica Brown Davis CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-02-23T10:29:41-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,891,252
Liabilities
$7,256,763
Net assets
$6,634,489
Revenue
$1,291,052
Expenses
$1,044,065
Net income
$246,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$6.24$7.01$1.09$1.04$0.05
2023Summary only. Only limited summary data is available for this year.$13.4$6.46$6.96$1.17$1.10$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$6.71$6.89$1.66$1.49$0.17
2021Summary only. Only limited summary data is available for this year.$13.7$6.97$6.72$1.39$1.31$0.09
2020Detailed filing. Detailed filing data is available for this year.$13.9$7.26$6.63$1.29$1.04$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$6.09$6.39$0.94$0.45$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.77$0.88$5.90$2.16$0.44$1.72
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.07$4.17$0.86$0.51$0.35
2016Detailed filing. Detailed filing data is available for this year.$3.92$0.10$3.82$2.18$0.68$1.50
2015Detailed filing. Detailed filing data is available for this year.$2.96$0.64$2.32$1.12$0.69$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.98$1.08$1.90$1.08$0.74$0.34
2013Summary only. Only limited summary data is available for this year.$2.80$1.24$1.56$0.86$0.64$0.22
2012Summary only. Only limited summary data is available for this year.$2.01$0.67$1.34$0.79$0.51$0.28
2011Summary only. Only limited summary data is available for this year.$2.02$0.96$1.06$0.58$0.54$0.03