Civic Intelligence

Denison Industrial Foundation Inc

990 • Fiscal year 2017 • EIN 75-1186381

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 15, 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

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.08x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

41%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-60%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$4,240,951

Up $316,744 (+8.1%) from 2016

Net Assets

Up

$4,171,047

Up $351,216 (+9.2%) from 2016

Liabilities

Down

$69,904

Down $34,472 (-33%) from 2016

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin96th percentile

Revenue

Down

$862,949

Down $1,312,358 (-60%) from 2016

Expenses

Down

$511,733

Down $166,483 (-25%) from 2016

Net Income

Down

$351,216

Down $1,145,875 (-77%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2017

Assets$4,240,951
Liabilities$69,904
Net Assets$4,171,047
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$862,949
Expenses$511,733
Net Income$351,216
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 15, 2017
Return Version
2016v3.0
Gross Receipts
$894,043
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$1,953,511$1,753,363▼ $200,148
Cash and Non-Interest-Bearing Accounts$1,945,991$1,460,790▼ $485,201
Savings and Temporary Cash Investments-$1,004,107-
Prepaid Expenses and Deferred Charges$24,705$17,691▼ $7,014
Other Notes and Loans Receivable, Net-$5,000-
Total Assets$3,924,207$4,240,951▲ $316,744
Liabilities
Accounts Payable and Accrued Expenses$97,576$63,104▼ $34,472
Deferred Revenue$6,800$6,800→ $0
Total Liabilities$104,376$69,904▼ $34,472
Net Assets / Fund Balance
Unrestricted Net Assets$3,819,831$4,171,047▲ $351,216
Total Net Assets Fund Balance$3,819,831$4,171,047▲ $351,216
Total Liabilities and Net Assets / Fund Balance$3,924,207$4,240,951▲ $316,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,577,406$2,075,331$3,652,737
Equipment$-1$560,138$560,137
Land$175,958-$175,958
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Michael CourtwrightChairman
Brett EvansVice Chairman
Aaron SchmitzDirector
Alan ColeDirector
Brian AspellDirector
Charlie ShearerDirector
Dustin BergeronDirector
Kristine MckinneyDirector
Mark DenisonDirector
Mark KunemanDirector
Paul KiselSecretary
Robert LikarishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$881,676
Investment Income
$-18,727
Other Revenue
$0
Change in Net Assets
$351,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$862,949
Total Revenue per Audited Statements
$862,949
Total Revenue per Form 990
$862,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$461,733
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$227,520--$227,520
Depreciation Depletion$174,154--$174,154
Fees for Services Management$37,000$5,000-$42,000
Grants to Domestic Individuals$40,000--$40,000
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting-$4,900-$4,900
Conferences and Meetings$4,270--$4,270
Insurance-$2,698-$2,698
Other Expenses$1,445--$1,445
Office Expenses$929$250-$1,179
Fees for Services Legal$215--$215
Total Functional Expenses$498,885$12,848$0$511,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$511,733
Total Expenses per Audited Statements$511,733
Total Expenses per Form 990$511,733
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
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
2017-12-15
Discuss with paid preparer
Yes

Organization Details

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/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt060000
IRS990/PYInvestmentIncomeAmt01031997
IRS990/PYOtherExpensesAmt0618216
IRS990/PYOtherRevenueAmt049612
IRS990/PYProgramServiceRevenueAmt01093698
IRS990/PYRevenuesLessExpensesAmt01497091
IRS990/PYTotalExpensesAmt0678216
IRS990/PYTotalRevenueAmt02175307
IRS990/ReconcilationRevenueExpnssAmt0351216
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0881676
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01004107
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01577406
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02075331
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03652737
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0560138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0560137
IRS990ScheduleD/ExpensesSubtotalAmt0511733
IRS990ScheduleD/LandGrp/BookValueAmt0175958
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175958
IRS990ScheduleD/RevenueSubtotalAmt0862949
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01753363
IRS990ScheduleD/TotalExpensesPerForm990Amt0511733
IRS990ScheduleD/TotalRevenuePerForm990Amt0862949
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0862949
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0511733
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PROJECT INCENTIVES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0project inventive for new business investment
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
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 project incentive is an economic development grant offered to encourage new businesses to locate in the Denison entertainment district. The Foundation provides funds up to 15% of the total investment and the grantee must maintain business operations for a minimum of 3 years.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt01
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/TotalAssetsBOYAmt03924207
IRS990/TotalAssetsEOYAmt04240951
IRS990/TotalAssetsGrp/BOYAmt03924207
IRS990/TotalAssetsGrp/EOYAmt04240951
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0498885
IRS990/TotalFunctionalExpensesGrp/TotalAmt0511733
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0104376
IRS990/TotalLiabilitiesEOYAmt069904
IRS990/TotalLiabilitiesGrp/BOYAmt0104376
IRS990/TotalLiabilitiesGrp/EOYAmt069904
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03819831
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04171047
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0498885
IRS990/TotalProgramServiceRevenueAmt0881676
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0862949
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0862949
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03924207
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04240951
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03819831
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04171047
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY KAAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09034640883
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0AE53A911CE5C067967EC58A06527654945896CFE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AE53A911CE5C067967EC58A06527654945896CFE
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07566172018025gmb0szz
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-01-25
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.231.12.33
ReturnHeader/FilingSecurityInformation/IPDt02018-01-25
ReturnHeader/FilingSecurityInformation/IPTm016:50:24
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/PreparationDt02018-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eddie R Thompson
ReturnHeader/ReturnTs02018-01-25T16:50:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,240,951
Liabilities
$69,904
Net assets
$4,171,047
Revenue
$862,949
Expenses
$511,733
Net income
$351,216
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
2017Detailed filing. Detailed filing data is available for this year.$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