Civic Intelligence

Daybreak Foundation Inc

990 • Fiscal year 2016 • EIN 75-2099398

Jan 01, 2016 to Dec 31, 2016 • Filed on Jan 31, 2018

Organization ProfileN/A
P O Box 8486Houston, TX 77288

(713) 529-4231

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.

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

Liabilities / Revenue

14th 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

53rd percentile

3.0%

Higher net margin than 53% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

45th percentile

0.2%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

96th percentile

169%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,075,372

Up $3,433 (+0.2%) from 2015

Net Assets

Up

$2,075,372

Up $3,433 (+0.2%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin53rd percentile

Revenue

Up

$115,304

Up $72,390 (+169%) from 2015

Expenses

Up

$111,871

Up $111,871 from 2015

Net Income

Down

$3,433

Down $39,481 (-92%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,936,061Liabilities 2010: $0Net Assets 2010: $2,936,0612010Assets 2011: $2,046,321Liabilities 2011: $0Net Assets 2011: $2,046,3212011Assets 2012: $2,191,933Liabilities 2012: $0Net Assets 2012: $2,191,9332012Assets 2013: $2,063,015Liabilities 2013: $0Net Assets 2013: $2,063,0152013Assets 2014: $2,029,025Liabilities 2014: $0Net Assets 2014: $2,029,0252014Assets 2015: $2,071,939Liabilities 2015: $0Net Assets 2015: $2,071,9392015Assets 2016: $2,075,372Liabilities 2016: $0Net Assets 2016: $2,075,3722016Assets 2017: $2,360,776Liabilities 2017: $0Net Assets 2017: $2,360,7762017Assets 2018: $2,239,355Liabilities 2018: $0Net Assets 2018: $2,239,3552018Assets 2019: $2,709,749Liabilities 2019: $0Net Assets 2019: $2,709,7492019Assets 2020: $3,214,520Liabilities 2020: $0Net Assets 2020: $3,214,5202020Assets 2021: $3,810,420Liabilities 2021: $0Net Assets 2021: $3,810,4202021Assets 2022: $3,020,012Liabilities 2022: $0Net Assets 2022: $3,020,0122022Assets 2023: $3,360,358Liabilities 2023: $0Net Assets 2023: $3,360,3582023Assets 2024: $3,628,970Liabilities 2024: $0Net Assets 2024: $3,628,9702024

Highlighted filing

2016

Assets$2,075,372
Liabilities$0
Net Assets$2,075,372
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $249,5602010Expenses 2011: $1,244,4232011Expenses 2012: $396,9802012Revenue 2013: $226,698Expenses 2013: $355,616Net Income 2013: -$128,9182013Revenue 2014: $123,827Expenses 2014: $157,817Net Income 2014: -$33,9902014Revenue 2015: $42,914Expenses 2015: $0Net Income 2015: $42,9142015Revenue 2016: $115,304Expenses 2016: $111,871Net Income 2016: $3,4332016Revenue 2017: $286,926Expenses 2017: $1,522Net Income 2017: $285,4042017Revenue 2018: $0Expenses 2018: $121,421Net Income 2018: -$121,4212018Revenue 2019: $548,406Expenses 2019: $78,012Net Income 2019: $470,3942019Revenue 2020: $507,430Expenses 2020: $2,659Net Income 2020: $504,7712020Revenue 2021: $595,900Expenses 2021: $0Net Income 2021: $595,9002021Revenue 2022: $0Expenses 2022: $790,408Net Income 2022: -$790,4082022Revenue 2023: $467,953Expenses 2023: $127,607Net Income 2023: $340,3462023Revenue 2024: $340,586Expenses 2024: $71,974Net Income 2024: $268,6122024

Highlighted filing

2016

Revenue$115,304
Expenses$111,871
Net Income$3,433
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jan 31, 2018
Return Version
2016v3.0
Gross Receipts
$118,520
Mission and Program Overview

Mission

The purpose of Daybreak Foundation is to generate investment/interest income to be transferred to Magnificant House, Inc. for use in its operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,759,351$1,800,573▲ $41,222
Savings and Temporary Cash Investments$312,588$274,798▼ $37,790
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,071,939$2,075,372▲ $3,433
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,071,939$2,075,372▲ $3,433
Total Net Assets Fund Balance$2,071,939$2,075,372▲ $3,433
Total Liabilities and Net Assets / Fund Balance$2,071,939$2,075,372▲ $3,433
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Frank RyndPresident
Darrell GorskiVice President
Diana RootSecretary
Rafael GarciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$115,304
Other Revenue
$0
Change in Net Assets
$3,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,957
Grants and Similar Amounts Paid$42,914
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$61,608-$61,608
Grants to Domestic Orgs$42,914--$42,914
Fees for Service Investment Mgmnt Fees-$7,349-$7,349
Total Functional Expenses$42,914$68,957$0$111,871
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed and approved by the Treasurer prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Daybreak Foundation Inc
EIN
75-2099398
Phone
7135294231
Address
P O Box 8486, Houston, TX 77288

Signing Officer

Name
Frank Rynd
Title
President
Signed
2018-01-31
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Cornelius Stegent & Price LLP
Address
24 East Greenway Plaza Suite 515, Houston, TX 77046-2406
Preparer
Donellen G Cornelius
Phone
7138409300
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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/Form990ScheduleAPartVIGrp/ExplanationTxt0The Board of Directors of the supported organization, Magnificat Houses, Inc., can direct the Daybreak Foundation, Inc. to distribute its net income or its assets to or for the benefit of Magnificat Houses, Inc.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Board of Directors of the supported organization, Magnificat Houses, Inc., can direct the Daybreak Foundation, Inc. to distribute its net income or its assets to or for the benefit of Magnificat Houses, Inc.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2b: Reasons For The Organization's Position
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Magnificat House Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237003471
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Housing homeless and feeding street people
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0P O Box 8486
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0772888486
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02071939
IRS990/TotalAssetsEOYAmt02075372
IRS990/TotalAssetsGrp/BOYAmt02071939
IRS990/TotalAssetsGrp/EOYAmt02075372
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068957
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt042914
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111871
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02071939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02075372
IRS990/TotalProgramServiceExpensesAmt042914
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115304
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115304
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02071939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02075372
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02071939
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02075372
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank Rynd
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Daybreak Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0DAYB
ReturnHeader/Filer/EIN0752099398
ReturnHeader/Filer/PhoneNum07135294231
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 8486
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077288
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cornelius Stegent & Price LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt024 East Greenway Plaza Suite 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770462406
ReturnHeader/PreparerPersonGrp/PhoneNum07138409300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Donellen G Cornelius
ReturnHeader/ReturnTs02018-01-31T21:46:14-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,075,372
Liabilities
$0
Net assets
$2,075,372
Revenue
$115,304
Expenses
$111,871
Net income
$3,433
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.00$3.63$0.34$0.07$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.47$0.13$0.34
2022Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$0.00$0.79$0.79
2021Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.60$0.00$0.60
2020Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.51$0.00$0.50
2019Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.55$0.08$0.47
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.00$0.12$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$0.29$0.00$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.12$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.04$0.00$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.12$0.16$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.23$0.36$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.00$2.19$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.00$2.05$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.00$2.94$0.25