Civic Intelligence

Denison Industrial Foundation Inc

990 • Fiscal year 2016 • EIN 75-1186381

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 05, 2017

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

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.05x

Higher debt load relative to revenue than 26% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

99th percentile

69%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

91st percentile

33%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

95%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$3,924,207

Up $964,881 (+33%) from 2015

Net Assets

Up

$3,819,831

Up $1,497,091 (+64%) from 2015

Liabilities

Down

$104,376

Down $532,210 (-84%) from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin99th percentile

Revenue

Up

$2,175,307

Up $1,060,017 (+95%) from 2015

Expenses

Down

$678,216

Down $16,189 (-2.3%) from 2015

Net Income

Up

$1,497,091

Up $1,076,206 (+256%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2016

Assets$3,924,207
Liabilities$104,376
Net Assets$3,819,831
Open 2016 Filing

Operations Trend

Revenue Growth97th 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

2016

Revenue$2,175,307
Expenses$678,216
Net Income$1,497,091
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 5, 2017
Return Version
2015v3.0
Gross Receipts
$2,245,903
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$2,315,653$1,953,511▼ $362,142
Cash and Non-Interest-Bearing Accounts$622,875$1,945,991▲ $1,323,116
Prepaid Expenses and Deferred Charges$20,798$24,705▲ $3,907
Total Assets$2,959,326$3,924,207▲ $964,881
Liabilities
Mortgage Notes Payable Secured by Investment Property$512,651--
Accounts Payable and Accrued Expenses$77,738$97,576▲ $19,838
Deferred Revenue$46,197$6,800▼ $39,397
Total Liabilities$636,586$104,376▼ $532,210
Net Assets / Fund Balance
Unrestricted Net Assets$2,322,740$3,819,831▲ $1,497,091
Total Net Assets Fund Balance$2,322,740$3,819,831▲ $1,497,091
Total Liabilities and Net Assets / Fund Balance$2,959,326$3,924,207▲ $964,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,751,560$1,901,177$3,652,737
Equipment$-1$560,138$560,137
Land$201,952-$201,952
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Brett GrahamChairman
Mark KunemanPast Chairman
Michael CourtwrightVice Chairman
Brian AspellDirector
Charlie ShearerDirector
Dustin BergeronDirector
Eric BateyDirector
Paul KieselDirector
Robert LikarishDirector
Shelle CassellDirector
Tony KaaiExec Director
Dave ReedSecretary
Brett EvansTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,093,698
Investment Income
$1,031,997
Other Revenue
$49,612
Change in Net Assets
$1,497,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,175,307
Total Revenue per Audited Statements
$2,175,307
Total Revenue per Form 990
$2,175,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,216
Grants and Similar Amounts Paid$60,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$303,948--$303,948
Occupancy$247,690--$247,690
Grants to Domestic Orgs$60,000--$60,000
Fees for Services Management$40,000$2,000-$42,000
Interest$9,809--$9,809
Fees for Services Accounting-$4,800-$4,800
Conferences and Meetings-$2,741-$2,741
Insurance-$2,063-$2,063
Advertising$2,001--$2,001
Office Expenses$604$684-$1,288
Other Expenses$1,079--$1,079
Fees for Services Legal$377--$377
Total Functional Expenses$665,928$12,288$0$678,216

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$678,216
Total Expenses per Audited Statements$678,216
Total Expenses per Form 990$678,216
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Likarish EnterprisesDenison, TX-Reimbursement of marketing expenses$50,000
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
No
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
2017-01-05
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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IRS990/OtherExpensesGrp/Desc1Industry support
IRS990/OtherExpensesGrp/ProgramServicesAmt0420
IRS990/OtherExpensesGrp/ProgramServicesAmt11079
IRS990/OtherExpensesGrp/TotalAmt0420
IRS990/OtherExpensesGrp/TotalAmt11079
IRS990/OtherRevenueMiscGrp/BusinessCd0531120
IRS990/OtherRevenueMiscGrp/Desc0CANCELLATION OF DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049612
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049612
IRS990/OtherRevenueTotalAmt049612
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020798
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024705
IRS990/PrincipalOfficerNm0MARK KUNEMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0REAL ESTATE RENTALS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01093698
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01093698
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt078190
IRS990/PYInvestmentIncomeAmt01274
IRS990/PYOtherExpensesAmt0616215
IRS990/PYOtherRevenueAmt049612
IRS990/PYProgramServiceRevenueAmt01064404
IRS990/PYRevenuesLessExpensesAmt0420885
IRS990/PYTotalExpensesAmt0694405
IRS990/PYTotalRevenueAmt01115290
IRS990/ReconcilationRevenueExpnssAmt01497091
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01751560
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01901177
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03652737
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0560138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0560137
IRS990ScheduleD/ExpensesSubtotalAmt0678216
IRS990ScheduleD/LandGrp/BookValueAmt0201952
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0201952
IRS990ScheduleD/RevenueSubtotalAmt02175307
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01953511
IRS990ScheduleD/TotalExpensesPerForm990Amt0678216
IRS990ScheduleD/TotalRevenuePerForm990Amt02175307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02175307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0678216
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Reimbursement of marketing expenses
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1stadium construction
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIKARISH ENTERPRISES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DENISON ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0454429974
IRS990ScheduleI/RecipientTable/RecipientEIN1756001307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03111 LOY LAKE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11201 S RUSK
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DENISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DENISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075020
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd175020
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The 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)
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0PROMOTE LOCAL BUSINESS WITH MARKETING
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt050000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0LIKARISH ENTERPRISES
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0PART OWNER IS A DIRECTOR
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0MARKETING REIMBURSEMENT
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/TotalAssetsBOYAmt02959326
IRS990/TotalAssetsEOYAmt03924207
IRS990/TotalAssetsGrp/BOYAmt02959326
IRS990/TotalAssetsGrp/EOYAmt03924207
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012288
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0665928
IRS990/TotalFunctionalExpensesGrp/TotalAmt0678216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0636586
IRS990/TotalLiabilitiesEOYAmt0104376
IRS990/TotalLiabilitiesGrp/BOYAmt0636586
IRS990/TotalLiabilitiesGrp/EOYAmt0104376
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02322740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03819831
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0665928
IRS990/TotalProgramServiceRevenueAmt01093698
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02175307
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02175307
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02959326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03924207
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02322740
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03819831
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02805 VENTURE CIRCLE
IRS990/USAddress/CityNm0DENISON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075020
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY KAAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09034640883
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-05
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

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,924,207
Liabilities
$104,376
Net assets
$3,819,831
Revenue
$2,175,307
Expenses
$678,216
Net income
$1,497,091
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