Civic Intelligence

Research Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 75-1247639

Aug 01, 2017 to Jul 31, 2018 • Filed on Mar 26, 2019

Organization ProfileWWW.KVRK.COM

View Organization Page

PO Box 796936Dallas, TX 75379-6936

(469) 644-9687

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$41,196

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 41.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

68th percentile

7.4%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.5%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,031,300

Up $210,113 (+7.4%) from 2017

Net Assets

Up

$3,031,300

Up $210,113 (+7.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin18th percentile

Revenue

Down

$98,671

Down $3,592 (-3.5%) from 2017

Expenses

Up

$111,324

Up $27,931 (+33%) from 2017

Net Income

Down

-$12,653

Down $31,523 (-167%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,176,829Liabilities 2011: $0Net Assets 2011: $1,176,8292011Assets 2012: $1,188,274Liabilities 2012: $32Net Assets 2012: $1,188,2422012Assets 2013: $1,173,647Liabilities 2013: $0Net Assets 2013: $1,173,6472013Assets 2014: $1,157,538Liabilities 2014: $0Net Assets 2014: $1,157,5382014Assets 2015: $1,157,924Liabilities 2015: $0Net Assets 2015: $1,157,9242015Assets 2016: $2,656,494Liabilities 2016: $0Net Assets 2016: $2,656,4942016Assets 2017: $2,821,187Liabilities 2017: $0Net Assets 2017: $2,821,1872017Assets 2018: $3,031,300Liabilities 2018: $0Net Assets 2018: $3,031,3002018Assets 2019: $3,139,892Liabilities 2019: $0Net Assets 2019: $3,139,8922019Assets 2020: $3,380,957Liabilities 2020: $0Net Assets 2020: $3,380,9572020Assets 2021: $4,109,153Liabilities 2021: $0Net Assets 2021: $4,109,1532021Assets 2022: $3,829,798Liabilities 2022: $29Net Assets 2022: $3,829,7692022Assets 2023: $3,851,249Liabilities 2023: $0Net Assets 2023: $3,851,2492023Assets 2024: $4,152,073Liabilities 2024: $0Net Assets 2024: $4,152,0742024Assets 2025: $4,012,799Liabilities 2025: $0Net Assets 2025: $4,012,7992025

Highlighted filing

2018

Assets$3,031,300
Liabilities$0
Net Assets$3,031,300
Open 2018 Filing

Operations Trend

Revenue Growth31st percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $689,904Expenses 2011: $681,369Net Income 2011: $8,5352011Revenue 2012: $690,070Expenses 2012: $678,657Net Income 2012: $11,4132012Expenses 2013: $705,0682013Revenue 2014: $696,420Expenses 2014: $712,523Net Income 2014: -$16,1032014Revenue 2015: $666,971Expenses 2015: $666,585Net Income 2015: $3862015Revenue 2016: $1,947,763Expenses 2016: $449,193Net Income 2016: $1,498,5702016Revenue 2017: $102,263Expenses 2017: $83,393Net Income 2017: $18,8702017Revenue 2018: $98,671Expenses 2018: $111,324Net Income 2018: -$12,6532018Revenue 2019: $109,946Expenses 2019: $93,486Net Income 2019: $16,4602019Revenue 2020: $136,889Expenses 2020: $125,187Net Income 2020: $11,7022020Revenue 2021: $146,643Expenses 2021: $90,763Net Income 2021: $55,8802021Revenue 2022: $586,346Expenses 2022: $263,742Net Income 2022: $322,6042022Revenue 2023: $263,435Expenses 2023: $276,984Net Income 2023: -$13,5492023Revenue 2024: $398,740Expenses 2024: $278,543Net Income 2024: $120,1972024Revenue 2025: $208,464Expenses 2025: $288,069Net Income 2025: -$79,6052025

Highlighted filing

2018

Revenue$98,671
Expenses$111,324
Net Income-$12,653
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Mar 26, 2019
Return Version
2017v2.3
Gross Receipts
$751,111
Mission and Program Overview

Mission

To glorify the lord jesus christ.

To spread the gospel of jesus christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,821,187$3,031,300▲ $210,113
Investments in Publicly Traded Securities$2,658,452$2,928,944▲ $270,492
Savings and Temporary Cash Investments$162,735$102,356▼ $60,379
Total Assets$2,821,187$3,031,300▲ $210,113
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,821,187$3,031,300▲ $210,113
Total Liabilities and Net Assets / Fund Balance$2,821,187$3,031,300▲ $210,113
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ThomasSec/treas/VPFT$35,696$5,500$41,196

Board Members and Trustees

NameTitle
Stanley ThomasPresident/di
C Tim VillasanaDirector
Deborah ThomasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$98,671
Other Revenue
$0
Change in Net Assets
$-12,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$54,872
Grants and Similar Amounts Paid$30,000
Other Expenses$26,452
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,956$25,956-$51,912
Grants to Domestic Orgs$30,000--$30,000
Fees for Service Investment Mgmnt Fees-$18,388-$18,388
Fees for Services Legal-$4,500-$4,500
Payroll Taxes$1,480$1,480-$2,960
Fees for Services Accounting-$2,620-$2,620
Office Expenses-$812-$812
Fees for Services Other-$132-$132
Total Functional Expenses$57,436$53,888$0$111,324
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mastermedia MinistriesEuless, TX501c3General Support$10,000
Penfold Communications IncRancho, CA501c3General Support$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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David ThomasSee Part VEmploymentNo$51,913
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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, Page 6, Part VI, Line 2

“Stanley thomas deborah thomas director director family relationship stanley thomas david thomas director director family relationship deborah thomas david thomas director director family relationship”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is prepared by a third party cpa. It is sent to the organization for review. Once approval is received, the form 990 is processed for signature and sent to the organization. The board of directors meets to review the return before it is signed and filed with the internal revenue service.”

Form 990, Page 6, Part VI, Line 12C

“Annually the board of directors are required to affirm that they have received a copy of the conflict of interest policy and agree to comply with the policy. The policy requires disclosure to the board of any possible conflict of interest as they may arise. The board determines which steps should be taken when a conflict of interest is disclosed.”

Form 990, Page 6, Part VI, Line 15A

“The independent board member compares independent salary surveys with current compensation rates in order to verify that the compensation is consistent with compensation for a person in a similar position with a similar organization. The conclusion is documented in the minutes of the board meeting. This process is done whenever there are changes to compensation or duties and was last documented in july of 2012.”

Form 990, Page 6, Part VI, Line 15B

“The organization does not compensate any other officers.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Research Educational Foundation
EIN
75-1247639
Phone
4696449687
Address
PO BOX 796936, DALLAS, TX 75379-6936

Signing Officer

Name
David Thomas
Title
Sec/treas/VP/Director
Phone
2148088350
Signed
2019-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stanley Thomas
Formed
1967
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
1
Employees
1

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Elaine L Sommerville CPA
Phone
8177955046
Raw XML Appendix337 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STANLEY THOMAS DEBORAH THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP STANLEY THOMAS DAVID THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP DEBORAH THOMAS DAVID THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY A THIRD PARTY CPA. IT IS SENT TO THE ORGANIZATION FOR REVIEW. ONCE APPROVAL IS RECEIVED, THE FORM 990 IS PROCESSED FOR SIGNATURE AND SENT TO THE ORGANIZATION. THE BOARD OF DIRECTORS MEETS TO REVIEW THE RETURN BEFORE IT IS SIGNED AND FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY THE BOARD OF DIRECTORS ARE REQUIRED TO AFFIRM THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE POLICY. THE POLICY REQUIRES DISCLOSURE TO THE BOARD OF ANY POSSIBLE CONFLICT OF INTEREST AS THEY MAY ARISE. THE BOARD DETERMINES WHICH STEPS SHOULD BE TAKEN WHEN A CONFLICT OF INTEREST IS DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDEPENDENT BOARD MEMBER COMPARES INDEPENDENT SALARY SURVEYS WITH CURRENT COMPENSATION RATES IN ORDER TO VERIFY THAT THE COMPENSATION IS CONSISTENT WITH COMPENSATION FOR A PERSON IN A SIMILAR POSITION WITH A SIMILAR ORGANIZATION. THE CONCLUSION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THIS PROCESS IS DONE WHENEVER THERE ARE CHANGES TO COMPENSATION OR DUTIES AND WAS LAST DOCUMENTED IN JULY OF 2012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-26
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ReturnHeader/FilingSecurityInformation/IPTm013:58:41
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOMMERVILLE & ASSOCIATES PC
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE L SOMMERVILLE CPA
ReturnHeader/ReturnTs02019-03-27T13:58:41-05:00
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ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,031,300
Liabilities
$0
Net assets
$3,031,300
Revenue
$98,671
Expenses
$111,324
Net income
-$12,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$0.21$0.29$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.15$0.00$4.15$0.40$0.28$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$0.26$0.28$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$0.59$0.26$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.11$0.00$4.11$0.15$0.09$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.14$0.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.11$0.09$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.10$0.11$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.10$0.08$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$1.95$0.45$1.50
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.67$0.67$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.70$0.71$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.71
2012Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.69$0.68$0.01
2011Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$0.69$0.68$0.01