Civic Intelligence

Denison Industrial Foundation Inc

990 • Fiscal year 2015 • EIN 75-1186381

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 26, 2015

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

54th percentile

0.22x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.57x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

96th percentile

38%

Higher net margin than 96% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

37th percentile

-0.6%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

3.2%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$2,959,326

Down $18,199 (-0.6%) from 2014

Net Assets

Up

$2,322,740

Up $420,885 (+22%) from 2014

Liabilities

Down

$636,586

Down $439,084 (-41%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin96th percentile

Revenue

Up

$1,115,290

Up $35,093 (+3.2%) from 2014

Expenses

Down

$694,405

Down $47,134 (-6.4%) from 2014

Net Income

Up

$420,885

Up $82,227 (+24%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2015

Assets$2,959,326
Liabilities$636,586
Net Assets$2,322,740
Open 2015 Filing

Operations Trend

Revenue Growth49th 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

2015

Revenue$1,115,290
Expenses$694,405
Net Income$420,885
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 26, 2015
Return Version
2014v6.0
Gross Receipts
$1,115,290
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,259,783$2,315,653▲ $55,870
Cash and Non-Interest-Bearing Accounts$666,613$622,875▼ $43,738
Prepaid Expenses and Deferred Charges$51,129$20,798▼ $30,331
Total Assets$2,977,525$2,959,326▼ $18,199
Liabilities
Mortgage Notes Payable Secured by Investment Property$907,594$512,651▼ $394,943
Accounts Payable and Accrued Expenses$122,975$77,738▼ $45,237
Deferred Revenue$45,101$46,197▲ $1,096
Total Liabilities$1,075,670$636,586▼ $439,084
Net Assets / Fund Balance
Unrestricted Net Assets$1,901,855$2,322,740▲ $420,885
Total Net Assets Fund Balance$1,901,855$2,322,740▲ $420,885
Total Liabilities and Net Assets / Fund Balance$2,977,525$2,959,326▼ $18,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,967,542$3,215,486$5,183,028
Equipment$87,965$484,607$572,572
Land$260,146-$260,146
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Mark KunemanChairman
Shelle CassellPast Chairman
Brett GrahamVice Chairman
Brett EvansDirector
Brian AspellDirector
Charlie ShearerDirector
Dave ReedDirector
Eric BateyDirector
Paul KieselDirector
Robert LikarishDirector
Tony KaaiExec Director
Cathy TrewittSecretary
Michael CourtwrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,064,404
Investment Income
$1,274
Other Revenue
$49,612
Change in Net Assets
$420,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$616,215
Grants and Similar Amounts Paid$78,190
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$306,102--$306,102
Occupancy$234,953--$234,953
Grants to Domestic Individuals$68,190--$68,190
Fees for Services Management$40,000$2,000-$42,000
Interest$19,932--$19,932
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting-$4,600-$4,600
Conferences and Meetings-$3,321-$3,321
Insurance-$1,952-$1,952
Other Expenses$1,102--$1,102
Office Expenses$728$30-$758
Total Functional Expenses$682,502$11,903$0$694,405
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Denison IsdDenison, TX-stadium construction$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

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

Governing documents etc available to public Part VI line 19

“Organization provides copy upon request.”

Filing and Contact Details

Filer

Filer Name
Denison Industrial Foundation
EIN
75-1186381
Address
311 WEST WOODARD, DENISON, TX 75020

Signing Officer

Name
Tony Kaai
Title
Exec Director
Phone
9034640883
Signed
2015-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kuneman
Formed
1959
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Eddie R Thompson PC
Address
PO Box 345, Denison, TX 75021-0345
Preparer
Eddie R Thompson
Phone
9034653002
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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/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01064404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01064404
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt080680
IRS990/PYInvestmentIncomeAmt01984
IRS990/PYOtherExpensesAmt0660859
IRS990/PYOtherRevenueAmt049612
IRS990/PYProgramServiceRevenueAmt01028601
IRS990/PYRevenuesLessExpensesAmt0338658
IRS990/PYTotalExpensesAmt0741539
IRS990/PYTotalRevenueAmt01080197
IRS990/ReconcilationRevenueExpnssAmt0420885
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01967542
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03215486
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05183028
IRS990ScheduleD/EquipmentGrp/BookValueAmt087965
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0484607
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0572572
IRS990ScheduleD/LandGrp/BookValueAmt0260146
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0260146
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02315653
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt061253
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16937
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PROJECT INCENTIVES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1DOWNTOWN FACADE GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0project inventive for new business investment
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1matching facade improvements for Main Street
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt13
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0stadium construction
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DENISON ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0756001307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01201 S RUSK
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DENISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075020
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The retail incentives is a short-term program that reimburses businesses or business owners for a portion of their rent each month. The Downtown Facade program is a matching 50/50 program that reimburses business for documented improvements to the appearance of their business property with a maximum of $3,000 per property. The business managers incentive is an incentive offered to new business and plant managers to improve the local economic base by purchasing a residence inside the City of Denison and maintaining it for at least a year.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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 of it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization provides copy upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02977525
IRS990/TotalAssetsEOYAmt02959326
IRS990/TotalAssetsGrp/BOYAmt02977525
IRS990/TotalAssetsGrp/EOYAmt02959326
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011903
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0682502
IRS990/TotalFunctionalExpensesGrp/TotalAmt0694405
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01075670
IRS990/TotalLiabilitiesEOYAmt0636586
IRS990/TotalLiabilitiesGrp/BOYAmt01075670
IRS990/TotalLiabilitiesGrp/EOYAmt0636586
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01901855
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02322740
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0682502
IRS990/TotalProgramServiceRevenueAmt01064404
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01115290
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01115290
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02977525
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02959326
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01901855
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02322740
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02805 VENTURE CIRCLE
IRS990/USAddress/CityNm0DENISON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075020
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY KAAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09034640883
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DENISON INDUSTRIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DENI
ReturnHeader/Filer/EIN0751186381
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 WEST WOODARD
ReturnHeader/Filer/USAddress/CityNm0DENISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075020
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751708382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eddie R Thompson PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 345
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Denison
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750210345
ReturnHeader/PreparerPersonGrp/PhoneNum09034653002
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eddie R Thompson
ReturnHeader/ReturnTs02016-02-05T15:31:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,959,326
Liabilities
$636,586
Net assets
$2,322,740
Revenue
$1,115,290
Expenses
$694,405
Net income
$420,885
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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