Civic Intelligence

Big Thought

990 • Fiscal year 2018 • EIN 75-2170035

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

1409 South Lamar StreetDallas, TX 75215

(214) 520-0023

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.30x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.13x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$172,830

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

1.0%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,319,266

Down $1,227,358 (-27%) from 2017

Net Assets

Down

$2,337,129

Down $1,369,900 (-37%) from 2017

Liabilities

Up

$982,137

Up $142,542 (+17%) from 2017

Revenue

Up

$7,326,804

Up $70,981 (+1.0%) from 2017

Expenses

Up

$8,696,704

Up $1,599,474 (+23%) from 2017

Net Income

Down

-$1,369,900

Down $1,528,493 (-964%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $8,521,935Liabilities 2010: $1,807,765Net Assets 2010: $6,714,1702010Assets 2011: $8,159,499Liabilities 2011: $1,243,230Net Assets 2011: $6,916,2692011Assets 2012: $7,702,447Liabilities 2012: $1,182,030Net Assets 2012: $6,520,4172012Assets 2013: $5,293,089Liabilities 2013: $2,377,557Net Assets 2013: $2,915,5322013Assets 2014: $4,864,454Liabilities 2014: $1,420,714Net Assets 2014: $3,443,7402014Assets 2015: $3,480,564Liabilities 2015: $1,346,672Net Assets 2015: $2,133,8922015Assets 2016: $4,643,701Liabilities 2016: $1,095,265Net Assets 2016: $3,548,4362016Assets 2017: $4,546,624Liabilities 2017: $839,595Net Assets 2017: $3,707,0292017Assets 2018: $3,319,266Liabilities 2018: $982,137Net Assets 2018: $2,337,1292018Assets 2019: $3,696,451Liabilities 2019: $1,351,610Net Assets 2019: $2,344,8412019Assets 2020: $2,778,640Liabilities 2020: $2,654,928Net Assets 2020: $123,7122020Assets 2021: $5,164,665Liabilities 2021: $3,153,251Net Assets 2021: $2,011,4142021Assets 2022: $4,362,142Liabilities 2022: $1,414,678Net Assets 2022: $2,947,4642022Assets 2023: $2,990,276Liabilities 2023: $1,579,768Net Assets 2023: $1,410,5082023

Highlighted filing

2018

Assets$3,319,266
Liabilities$982,137
Net Assets$2,337,129

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,741,5712010Expenses 2011: $12,299,2652011Expenses 2012: $13,644,4992012Expenses 2013: $14,613,3892013Revenue 2014: $11,215,989Expenses 2014: $10,688,261Net Income 2014: $527,7282014Revenue 2015: $7,563,665Expenses 2015: $8,873,513Net Income 2015: -$1,309,8482015Revenue 2016: $9,387,461Expenses 2016: $7,972,917Net Income 2016: $1,414,5442016Revenue 2017: $7,255,823Expenses 2017: $7,097,230Net Income 2017: $158,5932017Revenue 2018: $7,326,804Expenses 2018: $8,696,704Net Income 2018: -$1,369,9002018Revenue 2019: $9,169,641Expenses 2019: $9,190,003Net Income 2019: -$20,3622019Revenue 2020: $7,141,396Expenses 2020: $9,362,525Net Income 2020: -$2,221,1292020Revenue 2021: $9,225,791Expenses 2021: $7,338,089Net Income 2021: $1,887,7022021Revenue 2022: $10,675,697Expenses 2022: $9,739,647Net Income 2022: $936,0502022Revenue 2023: $11,029,928Expenses 2023: $12,566,706Net Income 2023: -$1,536,7782023

Highlighted filing

2018

Revenue$7,326,804
Expenses$8,696,704
Net Income-$1,369,900
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.2
Gross Receipts
$7,326,804
Mission and Program Overview

Mission

Driven by our mission to make imagination a part of everyday learning, Big Thought is an impact education nonprofit that empowers youths creativity and fosters social and emotional wellbeing.

The mission of Big Thought is to make imagination a part of everyday learning. We bring relentless optimism, innovation, and imagination to the biggest problem facing education today: the opportunity gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$976,584$1,509,781▲ $533,197
Pledges and Grants Receivable$2,605,304$748,869▼ $1,856,435
Cash and Non-Interest-Bearing Accounts$562,838$727,926▲ $165,088
Land, Buildings, and Equipment, Net$329,500$254,368▼ $75,132
Accounts Receivable$34,128$48,303▲ $14,175
Prepaid Expenses and Deferred Charges$38,270$30,019▼ $8,251
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,546,624$3,319,266▼ $1,227,358
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$542,391$699,255▲ $156,864
Other Liabilities$283,478$282,882▼ $596
Mortgage Notes Payable Secured by Investment Property$13,726--
Total Liabilities$839,595$982,137▲ $142,542
Net Assets / Fund Balance
Unrestricted Net Assets$3,108,627$2,002,023▼ $1,106,604
Temporarily Rstr Net Assets$598,402$335,106▼ $263,296
Total Net Assets Fund Balance$3,707,029$2,337,129▼ $1,369,900
Total Liabilities and Net Assets / Fund Balance$4,546,624$3,319,266▼ $1,227,358

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$254,368$1,630,611$1,884,979
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica MalekChief Strategy OfficerFT$164,650$8,180$172,830
Glenn BaldwinCFOFT$153,289$8,180$161,469
Ed Meier-thru 122017Interim EdFT$132,341-$132,341
Karim ViraniIt DirectorFT$113,457-$113,457
Giselle AntoniCEO-thru 5/2017FT$109,659$11,454$112,933

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Commonteri ServicesSoftware Install.614 N BISHOP AVE 1, Dallas, TX 75208$127,575
Perot Museum Of Nature And ScienceMuseum2201 N FIELD STREET, Dallas, TX 75201$121,412
Sway - Youth Enrichment ProgramsCampus ProgramsPO BOX 227424, Dallas, TX 75222$112,030
Southern Methodist UniversityResearch Project6425 BOAZ LANE, Dallas, TX 75205$101,964
Revenue and Support

Revenue Composition

Contributions and Grants
$4,568,185
Program Service Revenue
$2,747,525
Investment Income
$8,494
Other Revenue
$2,600
All Other Contributions
$3,650,781
Change in Net Assets
$-1,369,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,326,804
Total Revenue per Audited Statements
$7,326,804
Total Revenue per Form 990
$7,326,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,758,470
Salaries, Compensation, and Employee Benefits$3,938,234
Total Fundraising Expense$492,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,582,703$34,550$232,740$2,849,993
Information Technology$281,917$229,661$433$512,011
Current Officers, Directors, Trustees, and Key Employees$181,163$229,749$56,639$467,551
Other Employee Benefits$272,898$14,595$27,813$315,306
Payroll Taxes$255,276$23,444$26,664$305,384
Fees for Services Other$34,060$146,909$44,200$225,169
All Other Expenses$73,294$77,079$31,007$181,380
Other Expenses$165,352$125,543$8,448$173,800
Occupancy$118,349$29,587-$147,936
Travel$80,984$13,606$863$95,453
Depreciation Depletion$60,106$15,026-$75,132
Insurance$51,741$12,349-$64,090
Advertising$60,827-$11$60,838
Office Expenses$3,000$11,430$10,491$24,921
Fees for Services Accounting-$24,875-$24,875
Total Functional Expenses$7,215,697$988,403$492,604$8,696,704

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,696,704
Total Expenses per Audited Statements$8,696,704
Total Expenses per Form 990$8,696,704
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent & Lease Incentive$282,882
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 1A: Explanation of Delegated Broad Authority to Committee

The delegation of authority to the Executive Board of Directors shall not operate to relieve the Board of Directors, or any individual director, of any responsibility imposed by law or for responsibility for any action approved by the Board of Directors.

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

The CFO reviews a draft of the Preparer's Form 990 in detail. Afterwards, a copy is sent to the executive board for its review and comment prior to filing the return. The CFO then signs the return after considering board comments.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest disclosure statement is sent to officers, directors and key employees annually. A designated group ensures receipt of the disclosure statements and addresses any issues as needed.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Salary of officers and key employees is determined by compensation survey and comparisons to similar organizations. The annual operating budget, which includes salaries, is approved by the Board of Directors.

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

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Big Thought
EIN
75-2170035
Phone
2145200023
Address
1409 SOUTH LAMAR STREET, DALLAS, TX 75215

Signing Officer

Name
Glenn Baldwin
Title
CFO
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron K Sanders
Formed
1987
Legal Domicile
TX
Voting Board Members
48
Independent Board Members
48
Employees
123
Volunteers
500

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part X Balance Sheet

The audited financial statements are prepared on a consolidated basis which includes the big thought endowment fund. For the purpose of this 990, assets and unrestricted net assets are decreased by $3,970.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization had no significant uncertain tax positions for the year ended June 30, 2018.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/Desc0For more than 30 years, Big Thought has worked with communities and partners to close the opportunity gapthe disparity of access to resources for students to be college and career ready. Whether its a comprehensive after-school tutoring and enrichment program, an engaging visual arts and theater camp, or a workshop in coding and robotics, two consistent themes drive our work: 1.we empower youths creativity, and 2.we build social and emotional wellbeing. We do this in two ways: 1.we deliver innovative direct-to-youth educational programs, and 2.we leverage our partnerships to create change at the systems level, driving quality learning experiences to communities with the greatest need. Our partners include both large and small non-profit organizations, school districts, universities, libraries, city agencies, and businesses. Together, were equipping youth with the skills they need to thrive in the 21st century. For more than 30 years, Big Thoughts work with children, parents, teachers, and institutions has been defined by:ACCESS - Big Thought provides unprecedented access to learning, engaging more than 180,000 young people every year in classrooms, after school, during summer and throughout the community.IMPACT - Young people learn more effectively in Big Thought programs: students develop 21st century skills, are engaged more deeply in learning, and are more successful on standardized tests than their peers.RESOURCES - Big Thought collaborates to leverage a wealth of resources, coordinating a vast network of community resources and other non-profits including schools, libraries, museums, nature centers, and food banks to support schools and other places where children learn, resulting in more people and institutions doing more to educate children.Principal activities: Direct to Youth Programs:Thriving Minds After School and Summer Camps after-school creative learning programs for more than 1,904 children on Dallas ISD campuses with over 281,000 student learning hours.Creative Solutions arts-as-workforce intervention program for more than 1,050 adjudicated youth each year. Creative Solutions uses a trauma-informed, results-driving model to promote lasting positive change in youth served. Artivism Local professional artists guide students to learn to express their thoughts through original artwork, poetry and performances that advocate for change.DaVerse Through an innovative curriculum, afterschool clubs and signature open mic performances, DaVerse is a safe haven for creative expression for more than 2,750 middle and high school students.The Fellowship Initiative The Fellowship Initiative, sponsored by JP Morgan Chase, provides 40 young men of color with a three-year, intensive program of peer learning and mentorship with a goal of equipping the young men with the education, skills and resources to achieve greater economic mobility.Learning Systems:Learning Partners arts and cultural programs integrated with in-school core subjects for more than 72,000 elementary school students on 152 campusesDallas City of Learning connects more than 96,000 youth from greater Dallas with low and no-cost learning experiences that cultivate creativity, build social and emotional skills and boost academic achievement.Library Out Loud engages creativity through no-cost cultural experiences for more than 1,000 children and caregivers throughout every branch of the Dallas Public Library.Major Accomplishments:Big Thought has grown to become a national model throughout our 30 years of innovation, having received the Presidents Committee on the Arts and Humanities Coming Up Taller Award in 2004, the Americans for the Arts 2009 Arts in Education Award, the Presidents Committee on the Arts and Humanities Champion of Change in 2011, the Texas Medal of Arts Award in 2013, the National Afterschool Alliances After-School Innovator Award in 2014 and the National Summer Learning Associations Founders Award for Dallas City of Learning in 2016. We have also p
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IRS990/Form990PartVIISectionAGrp/PersonNm0JENNIFER ALTABEF
IRS990/Form990PartVIISectionAGrp/PersonNm1Emeka Anyanwu
IRS990/Form990PartVIISectionAGrp/PersonNm2JEREMY BIGGERS
IRS990/Form990PartVIISectionAGrp/PersonNm3TYNESIA BOYEA-ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SOFIYA DEVA
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN DIXON
IRS990/Form990PartVIISectionAGrp/PersonNm6KATE FLUME
IRS990/Form990PartVIISectionAGrp/PersonNm7CAREY CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm8THERESA FLORES
IRS990/Form990PartVIISectionAGrp/PersonNm9Maura Conley
IRS990/Form990PartVIISectionAGrp/PersonNm10Sherri Cook
IRS990/Form990PartVIISectionAGrp/PersonNm11AMANDA GIELOW
IRS990/Form990PartVIISectionAGrp/PersonNm12Rick Darlow
IRS990/Form990PartVIISectionAGrp/PersonNm13Giles Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm14JARID GINTER
IRS990/Form990PartVIISectionAGrp/PersonNm15LISA GIUROIU
IRS990/Form990PartVIISectionAGrp/PersonNm16ELLEN HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17RICHARD LATIN
IRS990/Form990PartVIISectionAGrp/PersonNm18SHAUN DOWLING
IRS990/Form990PartVIISectionAGrp/PersonNm19SUSAN PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm20LAURIE EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm21Carol Goglia
IRS990/Form990PartVIISectionAGrp/PersonNm22DANIEL PATINO
IRS990/Form990PartVIISectionAGrp/PersonNm23Randee Paur Hefflefinger
IRS990/Form990PartVIISectionAGrp/PersonNm24HATTIE PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm25JAMES WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm26DON TEMPLIN
IRS990/Form990PartVIISectionAGrp/PersonNm27JAY VEAL
IRS990/Form990PartVIISectionAGrp/PersonNm28Irene Hosford
IRS990/Form990PartVIISectionAGrp/PersonNm29DANICA MATHES
IRS990/Form990PartVIISectionAGrp/PersonNm30SONJA MCGILL
IRS990/Form990PartVIISectionAGrp/PersonNm31ELI MERCADO
IRS990/Form990PartVIISectionAGrp/PersonNm32Katie Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm33LARRY H WHITT
IRS990/Form990PartVIISectionAGrp/PersonNm34Melora Leiser
IRS990/Form990PartVIISectionAGrp/PersonNm35Melissa McNeil
IRS990/Form990PartVIISectionAGrp/PersonNm36Rudy Melendez
IRS990/Form990PartVIISectionAGrp/PersonNm37EMILY ROBBEN
IRS990/Form990PartVIISectionAGrp/PersonNm38Alfreda Norman
IRS990/Form990PartVIISectionAGrp/PersonNm39KETRIC SANFORD
IRS990/Form990PartVIISectionAGrp/PersonNm40TERRI SIMONI
IRS990/Form990PartVIISectionAGrp/PersonNm41Jim Welch
IRS990/Form990PartVIISectionAGrp/PersonNm42Rina Parikh
IRS990/Form990PartVIISectionAGrp/PersonNm43NORMA K STONE
IRS990/Form990PartVIISectionAGrp/PersonNm44Pat Porter
IRS990/Form990PartVIISectionAGrp/PersonNm45JOE STOUT
IRS990/Form990PartVIISectionAGrp/PersonNm46Ginger Sager
IRS990/Form990PartVIISectionAGrp/PersonNm47ZANNIE VOSS
IRS990/Form990PartVIISectionAGrp/PersonNm48BYRON K SANDERS-FROM 118
IRS990/Form990PartVIISectionAGrp/PersonNm49ED MEIER-THRU 122017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.99$1.58$1.41$11.0$12.6$1.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$1.41$2.95$10.7$9.74$0.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$3.15$2.01$9.23$7.34$1.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$2.65$0.12$7.14$9.36$2.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$1.35$2.34$9.17$9.19$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.32$0.98$2.34$7.33$8.70$1.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.84$3.71$7.26$7.10$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.64$1.10$3.55$9.39$7.97$1.41
2015Detailed filing. Detailed filing data is available for this year.$3.48$1.35$2.13$7.56$8.87$1.31
2014Summary only. Only limited summary data is available for this year.$4.86$1.42$3.44$11.2$10.7$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$2.38$2.92$14.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$1.18$6.52$13.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.16$1.24$6.92$12.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.52$1.81$6.71$9.74