Civic Intelligence

Frank Phillips College Development Corporation

990 • Fiscal year 2016 • EIN 75-1765603

Sep 01, 2015 to Aug 31, 2016 • Filed on Jan 27, 2017

Organization ProfileWWW.FPCTX.EDU/INSIDEFPC/DEVELOPMENTCORP.HTM
PO Box 5118Borger, TX 79008-5118

(806) 457-4200

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

31st percentile

-3.6%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

62nd percentile

5.0%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,592,484

Up $75,431 (+5.0%) from 2015

Net Assets

Up

$1,592,484

Up $75,431 (+5.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin31st percentile

Revenue

Down

$44,347

Down $44,876 (-50%) from 2015

Expenses

Down

$45,960

Down $7,895 (-15%) from 2015

Net Income

Down

-$1,613

Down $36,981 (-105%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,034,205Liabilities 2011: $0Net Assets 2011: $1,034,2052011Assets 2012: $1,169,814Liabilities 2012: $0Net Assets 2012: $1,169,8142012Assets 2013: $1,330,051Liabilities 2013: $0Net Assets 2013: $1,330,0512013Assets 2014: $1,542,009Liabilities 2014: $0Net Assets 2014: $1,542,0092014Assets 2015: $1,517,053Liabilities 2015: $0Net Assets 2015: $1,517,0532015Assets 2016: $1,592,484Liabilities 2016: $0Net Assets 2016: $1,592,4842016Assets 2017: $1,716,652Liabilities 2017: $0Net Assets 2017: $1,716,6522017Assets 2018: $1,884,785Liabilities 2018: $0Net Assets 2018: $1,884,7852018Assets 2019: $1,883,792Liabilities 2019: $0Net Assets 2019: $1,883,7922019Assets 2020: $2,111,695Liabilities 2020: $14,409Net Assets 2020: $2,097,2862020Assets 2021: $2,602,265Liabilities 2021: $46,034Net Assets 2021: $2,556,2312021Assets 2022: $2,345,038Liabilities 2022: $93,242Net Assets 2022: $2,251,7962022Assets 2023: $2,411,754Liabilities 2023: $0Net Assets 2023: $2,411,7542023Assets 2024: $3,011,867Liabilities 2024: $152,690Net Assets 2024: $2,859,1772024

Highlighted filing

2016

Assets$1,592,484
Liabilities$0
Net Assets$1,592,484
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$400K$200K$0-$200KRevenue 2011: $92,782Expenses 2011: $34,620Net Income 2011: $58,1622011Expenses 2012: $28,8872012Expenses 2013: $36,0922013Revenue 2014: $72,785Expenses 2014: $38,970Net Income 2014: $33,8152014Revenue 2015: $89,223Expenses 2015: $53,855Net Income 2015: $35,3682015Revenue 2016: $44,347Expenses 2016: $45,960Net Income 2016: -$1,6132016Revenue 2017: $68,667Expenses 2017: $52,148Net Income 2017: $16,5192017Revenue 2018: $81,209Expenses 2018: $54,776Net Income 2018: $26,4332018Revenue 2019: $69,948Expenses 2019: $59,188Net Income 2019: $10,7602019Revenue 2020: $95,882Expenses 2020: $60,622Net Income 2020: $35,2602020Revenue 2021: $88,222Expenses 2021: $48,889Net Income 2021: $39,3332021Revenue 2022: $60,303Expenses 2022: $121,159Net Income 2022: -$60,8562022Revenue 2023: $75,259Expenses 2023: $191,751Net Income 2023: -$116,4922023Revenue 2024: $361,423Expenses 2024: $156,658Net Income 2024: $204,7652024

Highlighted filing

2016

Revenue$44,347
Expenses$45,960
Net Income-$1,613
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jan 27, 2017
Return Version
2015v3.0
Gross Receipts
$44,347
Mission and Program Overview

Mission

To strengthen and contribute to the educational mission of frank phillips college by seeking, receiving, and distributing gifts, bequests, and donations, and to account for and manage assets submitted to the corporation on behalf of frank phillips college and the residents of its service area, the ten northernmost counties of the texas panhandle.

To strengthen and contribute to the educational mission of frank phillips college by seeking, receiving, and distributing gifts, bequests, and donations and to account for and manage assets submitted to the corporation on behalf of frank phillips college and the residents of its service area, the ten northernmost counties of the texas panhandle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$925,920$1,033,685▲ $107,765
Savings and Temporary Cash Investments$351,143$467,240▲ $116,097
Cash and Non-Interest-Bearing Accounts$239,990$91,559▼ $148,431
Total Assets$1,517,053$1,592,484▲ $75,431
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,517,053$1,592,484▲ $75,431
Total Net Assets Fund Balance$1,517,053$1,592,484▲ $75,431
Total Liabilities and Net Assets / Fund Balance$1,517,053$1,592,484▲ $75,431
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Craig JonesChair
Julia KaschVice Chair
Barbara Richardson JohnsonBoard Member
Bob McelreathBoard Member
Cindy CorneliusBoard Member
Gary SchneckBoard Member
Jo Ann KuhrtBoard Member
Mary DudleyBoard Member
Robin AdkinsBoard Member
Ron MaxwellBoard Member
Roy GurleyBoard Member
Scott RadachBoard Member
Tommy BirchBoard Member
Tommy CountsBoard Member
Marlene MckinneySecretary
Dr Hugh GoldstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$44,347
Other Revenue
$0
Change in Net Assets
$-1,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,209
Other Expenses$6,751
Total Fundraising Expense$3,620
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$39,209--$39,209
Fees for Services Accounting$1,190$1,190-$2,380
Other Expenses$376$375$3,620$751
Total Functional Expenses$40,775$1,565$3,620$45,960
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
Audit committee
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
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, Part VI, Section B, Line 11

“The form 990 for this organization was prepared by an outside cpa firm. Each board member is provided with a copy of form 990 prior to filing. The form 990 is reviewed and approved prior to filing by the board at its regularly scheduled quarterly meeting.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available to the public upon request. The organization's financial statements are available to the public through the form 990.”

Filing and Contact Details

Filer

Filer Name
Frank Phillips College Development
EIN
75-1765603
Phone
8064574200
Address
PO BOX 5118, BORGER, TX 79008-5118

Signing Officer

Name
Craig Jones
Title
Chair
Phone
8062732857
Signed
2017-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Jones
Formed
1980
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Connor Mcmillon Mitchell & Shennum Pllc
Address
PO BOX 15650, AMARILLO, TX 79105
Preparer
Gary D Mitchell
Phone
8063736661
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IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042479
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt050160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt050975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0199213
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027474
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt019218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt012137
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0107878
IRS990ScheduleA/PublicSupportCY170Pct00.48540
IRS990ScheduleA/PublicSupportPY170Pct00.56630
IRS990ScheduleA/PublicSupportTotal170Amt0149065
IRS990ScheduleA/SubstantialContributorsTotAmt050148
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt042479
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055599
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0199213
IRS990ScheduleA/TotalSupportAmt0307091
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt039209
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ACADEMIC SCHOLARSHIPS - NONE GREATER THAN $2,000 TO ANY ONE INDIVIDUAL
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt036
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ONCE AWARDED, SCHOLARSHIPS ARE PAID BY THE DEVELOPMENT CORPORATION DIRECTLY TO FRANK PHILLIPS COLLEGE UPON ENROLLMENT BY THE AWARD RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART III
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 FOR THIS ORGANIZATION WAS PREPARED BY AN OUTSIDE CPA FIRM. EACH BOARD MEMBER IS PROVIDED WITH A COPY OF FORM 990 PRIOR TO FILING. THE FORM 990 IS REVIEWED AND APPROVED PRIOR TO FILING BY THE BOARD AT ITS REGULARLY SCHEDULED QUARTERLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRANK PHILLIPS JUNIOR COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751765603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0POST-SECONDARY EDUCATIONAL INSTITUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01301 W ROOSEVELT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BORGER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079007
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01517053
IRS990/TotalAssetsEOYAmt01592484
IRS990/TotalAssetsGrp/BOYAmt01517053
IRS990/TotalAssetsGrp/EOYAmt01592484
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03620
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt040775
IRS990/TotalFunctionalExpensesGrp/TotalAmt045960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01517053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01592484
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt040775
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt044347
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044347
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01517053
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01592484
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0513 CROCKETT
IRS990/USAddress/CityNm0BORGER
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079007
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.FPCTX.EDU/INSIDEFPC/DEVELOPMENTCORP.HTM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08062732857
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANK PHILLIPS COLLEGE DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0751765603
ReturnHeader/Filer/PhoneNum08064574200
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5118
ReturnHeader/Filer/USAddress/CityNm0BORGER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0790085118
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263195732

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,592,484
Liabilities
$0
Net assets
$1,592,484
Revenue
$44,347
Expenses
$45,960
Net income
-$1,613
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.15$2.86$0.36$0.16$0.20
2023Summary only. Only limited summary data is available for this year.$2.41$0.00$2.41$0.08$0.19$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.09$2.25$0.06$0.12$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.05$2.56$0.09$0.05$0.04
2020Summary only. Only limited summary data is available for this year.$2.11$0.01$2.10$0.10$0.06$0.04
2019Summary only. Only limited summary data is available for this year.$1.88$0.00$1.88$0.07$0.06$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.00$1.88$0.08$0.05$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.00$1.72$0.07$0.05$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.04$0.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.09$0.05$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.07$0.04$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.03
2011Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.09$0.03$0.06