Civic Intelligence

Aspermont Small Business Development Center Inc.

990 • Fiscal year 2021 • EIN 75-1218257

Mar 01, 2020 to Feb 28, 2021 • Filed on Aug 12, 2021

9660 US Highway 83 SAspermont, TX 79502-2220

(940) 989-3538

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

24th percentile

-0.7%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$69,312

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

25th percentile

-0.5%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-2.3%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,698,182

Down $8,329 (-0.5%) from 2020

Net Assets

Down

$1,667,323

Down $20,430 (-1.2%) from 2020

Liabilities

Up

$30,859

Up $12,101 (+65%) from 2020

Revenue

Down

$2,771,336

Down $66,109 (-2.3%) from 2020

Expenses

Up

$2,791,766

Up $468,196 (+20%) from 2020

Net Income

Down

-$20,430

Down $534,305 (-104%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,497,868Liabilities 2011: $72,466Net Assets 2011: $1,425,4022011Assets 2012: $1,557,452Liabilities 2012: $80,624Net Assets 2012: $1,476,8282012Assets 2013: $1,391,401Liabilities 2013: $99,421Net Assets 2013: $1,291,9802013Assets 2014: $1,508,635Liabilities 2014: $79,118Net Assets 2014: $1,429,5172014Assets 2015: $1,302,787Liabilities 2015: $61,366Net Assets 2015: $1,241,4212015Assets 2016: $1,315,237Liabilities 2016: $46,713Net Assets 2016: $1,268,5242016Assets 2017: $1,240,970Liabilities 2017: $123,342Net Assets 2017: $1,117,6282017Assets 2018: $1,219,114Liabilities 2018: $36,713Net Assets 2018: $1,182,4012018Assets 2019: $1,205,498Liabilities 2019: $31,620Net Assets 2019: $1,173,8782019Assets 2020: $1,706,511Liabilities 2020: $18,758Net Assets 2020: $1,687,7532020Assets 2021: $1,698,182Liabilities 2021: $30,859Net Assets 2021: $1,667,3232021Assets 2022: $2,118,495Liabilities 2022: $27,859Net Assets 2022: $2,090,6362022Assets 2023: $2,232,140Liabilities 2023: $30,306Net Assets 2023: $2,201,8342023Assets 2024: $2,637,741Liabilities 2024: $32,404Net Assets 2024: $2,605,3372024Assets 2025: $2,695,205Liabilities 2025: $28,014Net Assets 2025: $2,667,1912025

Highlighted filing

2021

Assets$1,698,182
Liabilities$30,859
Net Assets$1,667,323

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,791,527Expenses 2011: $1,725,900Net Income 2011: $65,6272011Revenue 2012: $1,709,731Expenses 2012: $1,658,305Net Income 2012: $51,4262012Revenue 2013: $1,289,880Expenses 2013: $1,474,728Net Income 2013: -$184,8482013Revenue 2014: $1,969,071Expenses 2014: $1,831,534Net Income 2014: $137,5372014Revenue 2015: $1,676,186Expenses 2015: $1,864,282Net Income 2015: -$188,0962015Revenue 2016: $1,869,999Expenses 2016: $1,842,896Net Income 2016: $27,1032016Revenue 2017: $1,835,097Expenses 2017: $1,985,993Net Income 2017: -$150,8962017Revenue 2018: $2,110,690Expenses 2018: $2,045,917Net Income 2018: $64,7732018Revenue 2019: $2,300,601Expenses 2019: $2,309,124Net Income 2019: -$8,5232019Revenue 2020: $2,837,445Expenses 2020: $2,323,570Net Income 2020: $513,8752020Revenue 2021: $2,771,336Expenses 2021: $2,791,766Net Income 2021: -$20,4302021Revenue 2022: $3,182,716Expenses 2022: $2,759,403Net Income 2022: $423,3132022Revenue 2023: $4,207,952Expenses 2023: $4,096,754Net Income 2023: $111,1982023Revenue 2024: $3,661,260Expenses 2024: $3,257,757Net Income 2024: $403,5032024Revenue 2025: $3,264,876Expenses 2025: $3,203,022Net Income 2025: $61,8542025

Highlighted filing

2021

Revenue$2,771,336
Expenses$2,791,766
Net Income-$20,430
Jump To
Filing Snapshot
Filing Period
Mar 1, 2020 to Feb 28, 2021
Signed
Aug 12, 2021
Return Version
2020v4.1
Gross Receipts
$2,782,152
Mission and Program Overview

Mission

The mission of the Aspermont Small Business Development Center is to provide rural public transportation, energy assistance, and other assistance to the people in the Texas counties of Haskell, Jones, Kent, Knox, Stonewall, and Throckmorton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,131,858$962,371▼ $169,487
Cash and Non-Interest-Bearing Accounts$199,160$364,268▲ $165,108
Savings and Temporary Cash Investments$269,866$272,346▲ $2,480
Pledges and Grants Receivable$95,140$88,710▼ $6,430
Prepaid Expenses and Deferred Charges$10,487$10,487→ $0
Total Assets$1,706,511$1,698,182▼ $8,329
Liabilities
Accounts Payable and Accrued Expenses$18,446$23,855▲ $5,409
Deferred Revenue$312$7,004▲ $6,692
Total Liabilities$18,758$30,859▲ $12,101
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,687,753$1,667,323▼ $20,430
Total Net Assets Fund Balance$1,687,753$1,667,323▼ $20,430
Total Liabilities and Net Assets / Fund Balance$1,706,511$1,698,182▼ $8,329

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$756,103$594,746$1,350,849
Buildings$206,268$367,546$573,814
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cherry PittcockExecutive DirectorFT$58,292$11,020$69,312

Board Members and Trustees

NameTitle
David DavisChair
Dale SpurginVice President
Carla ThorntonDirector
Carolyn HoughtonDirector
Dana MartinDirector
Jim WhiteDirector
Linda ThaxtonDirector
Lisa FlowersDirector
Loren GardnerDirector
Lynn DodsonDirector
Mary HagleDirector
Michael PettyDirector
Paula McDuffDirector
Robert GrahamDirector
Sam WatsonDirector
Shirley LongDirector
Stan WojcikDirector
Susan CockerellDirector
Trey CarringtonDirector
Exa Lee SmithDireector
Ronnie MoorheadSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,700,354
Program Service Revenue
$36,071
Investment Income
$11,445
Other Revenue
$23,466
All Other Contributions
$27,277
Change in Net Assets
$-20,430

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,771,336
Total Revenue per Audited Statements
$2,771,336
Total Revenue per Form 990
$2,771,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,280,499
Salaries, Compensation, and Employee Benefits$949,568
Other Expenses$561,699
Total Fundraising Expense$17,257
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,262,499--$1,262,499
Other Salaries and Wages$516,772$57,245-$574,017
Depreciation Depletion$174,841$5,418-$180,259
Other Employee Benefits$119,888$38,882$3,240$162,010
Current Officers, Directors, Trustees, and Key Employees-$108,386$12,160$120,546
Insurance$50,118$13,845-$63,963
All Other Expenses$29,267$25,424-$54,691
Payroll Taxes$38,896$12,614$1,050$52,560
Office Expenses$38,587$9,648-$48,235
Information Technology$42,876$3,351-$46,227
Pension Plan Contributions$29,923$9,705$807$40,435
Occupancy$21,796$5,449-$27,245
Grants to Domestic Orgs$18,000--$18,000
Fees for Services Accounting$12,941$3,235-$16,176
Other Expenses$5,166$1,291-$6,457
Travel$2,112--$2,112
Fees for Services Legal$161$40-$201
Advertising$99$25-$124
Total Functional Expenses$2,479,951$294,558$17,257$2,791,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,791,776
Total Expenses per Audited Statements$2,791,776
Total Expenses per Form 990$2,791,776
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kent CountyJayton, TXGovernmentRural Transportation$18,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

The Form 990 is reviewed by the executive director and the board before filing with the IRS.

Conflict of interest policy compliance Part VI line 12C

Any potential conflicts of interest are reviewed by the executive director and members of the board on an annual basis.

CEO executive director top management comp Part VI line 15A

The compensation of the executive director is set by the board. Comparability data of similar entities is used in determining compensation.

Governing documents etc available to public Part VI line 19

The Organization will provide its governing documents, conflict of interest policy, financial statements, and tax returns when requested in writing to the executive director.

Filing and Contact Details

Filer

Filer Name
Aspermont Small Business Development Center
EIN
75-1218257
Address
9660 US Highway 83 S, Aspermont, TX 79502-2220

Signing Officer

Name
Cherry Pittcock
Title
Executive Direc
Phone
9409893538
Signed
2021-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
TX
Voting Board Members
21
Independent Board Members
21
Employees
23

Preparer

Firm
Roberts & McGee CPA
Address
104 Pine Street Suite 710, Abilene, TX 79601
Preparer
Stacey McGee
Phone
3257019502
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Direector
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt08964
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt02673077
IRS990/GrantAmt01017863
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01262499
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01262499
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt018000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt018000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt019780
IRS990/GrossReceiptsAmt02782152
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03351
IRS990/InformationTechnologyGrp/ProgramServicesAmt042876
IRS990/InformationTechnologyGrp/TotalAmt046227
IRS990/InsuranceGrp/ManagementAndGeneralAmt013845
IRS990/InsuranceGrp/ProgramServicesAmt050118
IRS990/InsuranceGrp/TotalAmt063963
IRS990/InvestmentIncomeGrp/ExclusionAmt02481
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02481
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01131858
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0962371
IRS990/LandBldgEquipCostOrOtherBssAmt01924663
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010816
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of the Aspermont Small Business Development Center is to provide rural public transportation, energy assistance, and other assistance to the people in the Texas counties of Haskell, Jones, Kent, Knox, Stonewall, and Throckmorton.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt01667323
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt08964
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08964
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IRS990/OccupancyGrp/ProgramServicesAmt021796
IRS990/OccupancyGrp/TotalAmt027245
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09648
IRS990/OfficeExpensesGrp/ProgramServicesAmt038587
IRS990/OfficeExpensesGrp/TotalAmt048235
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03240
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038882
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0119888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162010
IRS990/OtherExpensesGrp/Desc0Program Supplies Equip Tools
IRS990/OtherExpensesGrp/Desc1Fuel and oil
IRS990/OtherExpensesGrp/Desc2Repairs and maintenance
IRS990/OtherExpensesGrp/Desc3Dues and Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01291
IRS990/OtherExpensesGrp/ProgramServicesAmt014536
IRS990/OtherExpensesGrp/ProgramServicesAmt167725
IRS990/OtherExpensesGrp/ProgramServicesAmt233748
IRS990/OtherExpensesGrp/ProgramServicesAmt35166
IRS990/OtherExpensesGrp/TotalAmt014536
IRS990/OtherExpensesGrp/TotalAmt167725
IRS990/OtherExpensesGrp/TotalAmt233748
IRS990/OtherExpensesGrp/TotalAmt36457
IRS990/OtherRevenueMiscGrp/BusinessCd0480000
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
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IRS990/OtherRevenueTotalAmt023466
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0516772
IRS990/OtherSalariesAndWagesGrp/TotalAmt0574017
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01050
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012614
IRS990/PayrollTaxesGrp/ProgramServicesAmt038896
IRS990/PayrollTaxesGrp/TotalAmt052560
IRS990/PensionPlanContributionsGrp/FundraisingAmt0807
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09705
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029923
IRS990/PensionPlanContributionsGrp/TotalAmt040435
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010487
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0480000
IRS990/ProgramServiceRevenueGrp/BusinessCd1624200
IRS990/ProgramServiceRevenueGrp/Desc0Rural Transport Fee
IRS990/ProgramServiceRevenueGrp/Desc1Emergency Energy Crisis
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017380
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118691
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide rural transportation for individuals in the six county service area. In addition, transportation is provided for individuals in the rural area to seek medical care in surrounding cities.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0965943
IRS990/ProgSrvcAccomActy2Grp/GrantAmt018000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt017380
IRS990/ProgSrvcAccomActy3Grp/Desc0Community service block grant funds are used to help households with health care, household expenses, and childrens educational needs. In addition one-on-one assistance is granted to individuals who want to break the cycle of poverty and obtain additional education or job skill training.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0351864
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0244636
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02813054
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0857776
IRS990/PYInvestmentIncomeAmt0-10789
IRS990/PYOtherExpensesAmt0550060
IRS990/PYOtherRevenueAmt014125
IRS990/PYProgramServiceRevenueAmt021055
IRS990/PYRevenuesLessExpensesAmt0513875

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.03$2.67$3.26$3.20$0.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$0.03$2.61$3.66$3.26$0.40
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.03$2.20$4.21$4.10$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.03$2.09$3.18$2.76$0.42
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.03$1.67$2.77$2.79$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.02$1.69$2.84$2.32$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.03$1.17$2.30$2.31$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.04$1.18$2.11$2.05$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.12$1.12$1.84$1.99$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.05$1.27$1.87$1.84$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.30$0.06$1.24$1.68$1.86$0.19
2014Summary only. Only limited summary data is available for this year.$1.51$0.08$1.43$1.97$1.83$0.14
2013Summary only. Only limited summary data is available for this year.$1.39$0.10$1.29$1.29$1.47$0.18
2012Summary only. Only limited summary data is available for this year.$1.56$0.08$1.48$1.71$1.66$0.05
2011Summary only. Only limited summary data is available for this year.$1.50$0.07$1.43$1.79$1.73$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits