Civic Intelligence

Frank Phillips College Development Corporation

990 • Fiscal year 2019 • EIN 75-1765603

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 17, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$1,883,792

Flat from 2019

Net Assets

Flat

$1,883,792

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Flat

$69,948

Flat from 2019

Expenses

Flat

$59,188

Flat from 2019

Net Income

Flat

$10,760

Flat from 2019

Historical Trend

Balance Sheet Trend

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 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

2019

Assets$1,883,792
Liabilities$0
Net Assets$1,883,792

Operations Trend

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 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

2019

Revenue$69,948
Expenses$59,188
Net Income$10,760
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 17, 2020
Return Version
2018v3.2
Gross Receipts
$69,948
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$1,337,771$1,360,224▲ $22,453
Savings and Temporary Cash Investments$421,432$424,981▲ $3,549
Cash and Non-Interest-Bearing Accounts$125,582$98,587▼ $26,995
Total Assets$1,884,785$1,883,792▼ $993
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,884,785$1,883,792▼ $993
Total Net Assets Fund Balance$1,884,785$1,883,792▼ $993
Total Liabilities and Net Assets / Fund Balance$1,884,785$1,883,792▼ $993
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig JonesChair
Julia KaschVice Chair
Barbara R 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 CountsBoard Member
Marlene MckinneySec/board of
Dr Hugh GoldstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,591
Program Service Revenue
$0
Investment Income
$64,357
Other Revenue
$0
All Other Contributions
$5,591
Change in Net Assets
$10,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,538
Other Expenses$650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$58,538--$58,538
Other Expenses$325$325-$650
Total Functional Expenses$58,863$325$0$59,188
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, Page 6, Part VI, Line 11B

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.

Form 990, Page 6, Part VI, 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
8064574200
Signed
2020-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Jones
Formed
1980
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Connor Mcmillon Mitchell & Shennum Pllc
Address
801 S FILLMORE ST STE 600, AMARILLO, TX 79101
Preparer
Gary D Mitchell
Phone
8063736661
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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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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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt098381
IRS990ScheduleA/PublicSupportCY170Pct00.33910
IRS990ScheduleA/PublicSupportPY170Pct00.33620
IRS990ScheduleA/PublicSupportTotal170Amt060396
IRS990ScheduleA/SubstantialContributorsTotAmt019314
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018735
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt012905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt042479
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt079710
IRS990ScheduleA/TotalSupportAmt0178091
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt058538
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ACADEMIC SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt083
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART III ONCE AWARDED, SCHOLARSHIPS ARE PAID BY THE DEVELOPMENT CORPORATION DIRECTLY TO FRANK PHILLIPS COLLEGE UPON ENROLLMENT BY THE AWARD RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRANK PHILLIPS JUNIOR COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751765603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01301 W ROOSEVELT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BORGER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079007
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01884785
IRS990/TotalAssetsEOYAmt01883792
IRS990/TotalAssetsGrp/BOYAmt01884785
IRS990/TotalAssetsGrp/EOYAmt01883792
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05591
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0325
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058863
IRS990/TotalFunctionalExpensesGrp/TotalAmt059188
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01884785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01883792
IRS990/TotalProgramServiceExpensesAmt058863
IRS990/TotalRevenueGrp/ExclusionAmt064357
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt069948
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01884785
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01883792
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5118
IRS990/USAddress/CityNm0BORGER
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079008
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.FPCTX.EDU/INSIDEFPC/DEVELOPMENTCOR
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08064574200
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-17
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D21D676A57CCEA87D7981B48F47CED03DC1D6807
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08D17BAA790A3FA9CAE0B664312B080DC9A486DAB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.76.17.210
ReturnHeader/FilingSecurityInformation/IPDt02020-07-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:53:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263195732
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONNOR MCMILLON MITCHELL & SHENNUM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 S FILLMORE ST STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMARILLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079101
ReturnHeader/PreparerPersonGrp/PhoneNum08063736661
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY D MITCHELL
ReturnHeader/ReturnTs02020-07-15T08:53:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2019Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.07$0.06$0.01
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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