Civic Intelligence

Van Cliburn Trust Fund

990 • Fiscal year 2017 • EIN 75-2231693

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 27, 2018

Organization ProfileN/A
201 Main StreetFort Worth, TX 76102

(817) 738-6536

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

61st percentile

7.9%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

175%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$14,566,031

Up $1,071,920 (+7.9%) from 2016

Net Assets

Up

$14,563,049

Up $1,068,938 (+7.9%) from 2016

Liabilities

Up

$2,982

Up $2,982 from 2016

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin100th percentile

Revenue

Up

$1,219,857

Up $776,947 (+175%) from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Up

$1,219,857

Up $776,947 (+175%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$30M$20M$10M$0Assets 2010: $9,642,626Liabilities 2010: $0Net Assets 2010: $9,642,6262010Assets 2011: $11,198,994Liabilities 2011: $51,757Net Assets 2011: $11,147,2372011Assets 2012: $11,183,366Liabilities 2012: $1,547Net Assets 2012: $11,181,8192012Assets 2013: $12,223,204Liabilities 2013: $0Net Assets 2013: $12,223,2042013Assets 2014: $14,754,096Liabilities 2014: $449,196Net Assets 2014: $14,304,9002014Assets 2015: $13,994,175Liabilities 2015: $307,794Net Assets 2015: $13,686,3812015Assets 2016: $13,494,111Liabilities 2016: $0Net Assets 2016: $13,494,1112016Assets 2017: $14,566,031Liabilities 2017: $2,982Net Assets 2017: $14,563,0492017Assets 2018: $15,566,230Liabilities 2018: $3,322Net Assets 2018: $15,562,9082018Assets 2019: $15,652,956Liabilities 2019: $156,270Net Assets 2019: $15,496,6862019Assets 2020: $15,988,174Liabilities 2020: $577,674Net Assets 2020: $15,410,5002020Assets 2021: $21,120,983Liabilities 2021: $1,104,177Net Assets 2021: $20,016,8062021Assets 2022: $17,856,014Liabilities 2022: $1,369,269Net Assets 2022: $16,486,7452022Assets 2023: $19,859,412Liabilities 2023: $1,666,647Net Assets 2023: $18,192,7652023Assets 2024: $21,276,503Liabilities 2024: $6,355Net Assets 2024: $21,270,1482024Assets 2025: $22,452,546Liabilities 2025: $7,496Net Assets 2025: $22,445,0502025

Highlighted filing

2017

Assets$14,566,031
Liabilities$2,982
Net Assets$14,563,049
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $401,5092010Revenue 2011: $338,141Expenses 2011: $581,750Net Income 2011: -$243,6092011Expenses 2012: $962,1542012Expenses 2013: $524,9702013Revenue 2014: $673,343Expenses 2014: $45,866Net Income 2014: $627,4772014Revenue 2015: $1,118,995Expenses 2015: $0Net Income 2015: $1,118,9952015Revenue 2016: $442,910Expenses 2016: $0Net Income 2016: $442,9102016Revenue 2017: $1,219,857Expenses 2017: $0Net Income 2017: $1,219,8572017Revenue 2018: $1,894,110Expenses 2018: $520,868Net Income 2018: $1,373,2422018Revenue 2019: $568,717Expenses 2019: $613,648Net Income 2019: -$44,9312019Revenue 2020: $1,187,695Expenses 2020: $624,514Net Income 2020: $563,1812020Revenue 2021: $694,692Expenses 2021: $523,647Net Income 2021: $171,0452021Revenue 2022: $1,836,337Expenses 2022: $1,463,932Net Income 2022: $372,4052022Revenue 2023: $923,867Expenses 2023: $667,305Net Income 2023: $256,5622023Revenue 2024: $2,193,002Expenses 2024: $647,794Net Income 2024: $1,545,2082024Revenue 2025: $2,136,460Expenses 2025: $1,565,983Net Income 2025: $570,4772025

Highlighted filing

2017

Revenue$1,219,857
Expenses$0
Net Income$1,219,857
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 27, 2018
Return Version
2016v3.0
Gross Receipts
$3,293,706
Mission and Program Overview

Mission

The Van Cliburn Trust is organized to support the Van Cliburn Foundation, Inc. in its mission to advance classical piano music throughout the world through international piano competitions and programs.

The trust is organized to support the Van Cliburn Foundation in its mission of carrying out international piano competitions and related events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,438,611$14,546,129▲ $1,107,518
Pledges and Grants Receivable$25,000$15,000▼ $10,000
Accounts Receivable$5,500$4,902▼ $598
Total Assets$13,494,111$14,566,031▲ $1,071,920
Other Assets Total$25,000--
Liabilities
Accounts Payable and Accrued Expenses-$2,982-
Total Liabilities$0$2,982▲ $2,982
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,443,996$6,242,482▲ $798,486
Permanently Rstr Net Assets$4,793,759$4,828,759▲ $35,000
Unrestricted Net Assets$3,256,356$3,491,808▲ $235,452
Total Net Assets Fund Balance$13,494,111$14,563,049▲ $1,068,938
Total Liabilities and Net Assets / Fund Balance$13,494,111$14,566,031▲ $1,071,920

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$13,494,111$35,000▲ $1,759,387$725,449$14,563,049
2015$13,686,381$151,877▲ $87,406$431,553$13,494,111
2014$14,304,900$140,624▼ $360,726$398,417$13,686,381
2013$12,223,204$209,636▲ $2,321,256$449,196$14,304,900
2012$11,181,819-▲ $1,566,355-$12,223,204
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Jeff KingTrustee
Ken BarrTrustee
Kevin AvondetTrustee
Michelle MarlowTrustee
Randy GideonTrustee
Vivienne MaysTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$35,000
Program Service Revenue
$0
Investment Income
$1,184,857
Other Revenue
$0
All Other Contributions
$35,000
Change in Net Assets
$1,219,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Outstanding transfer to Foundation-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Van Cliburn Trust
EIN
75-2231693
Phone
8177386536
Address
201 Main Street, Fort Worth, TX 76102

Signing Officer

Name
Jacques Marquis
Title
Trustee
Phone
8177386536
Signed
2018-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacques Marquis
Formed
1987
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Hatter & Associates Llp
Address
1300 S UNIVERSITY DR STE 620, FORT WORTH, TX 76107-5766
Preparer
Walter D Hatter
Phone
8173359258
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

“The Van Cliburn Trust Fund regularly and consistently monitors and enforces compliance with the conflict of interest policy by ensuring that all officers and directors submit a signed copy of the policy annually, with any possible conflicts noted.”

Pt VI, Line 11B

“The Form 990 is reviewed and approved by the Trustees.”

Pt VI, Line 19

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

Pt XI

“Transfer to Foundation”

Financial Statement Notes

Pt V, Line 4

“The Van Cliburn Trust Fund's endowments consist of approximately 31 individual donor-restricted funds established for a variety of purposes, including operating expenses, concerts, and competition costs, as well as a fund designated by the Board of Directors to function as an endowment.”

Pt X, Line 2

“The Van Cliburn Foundation, Inc. and the Van Cliburn Trust are exempt from federal income tax in accordance with Section 501(c)(3) of the Internal Revenue Code, except for tax on any unrelated business income. The Cliburn had no material unrelated business income during the year. In addition, the Internal Revenue Service has determined the Foundation is not a "private foundation" within the meaning of Section 509(a) of the Internal Revenue Code. The Cliburn follows the provisions of FASB ASC 740, Income Taxes, which requires financial statement recognition and disclosure for uncertain tax positions taken or expected to be taken in a tax return. Management considers the likelihood of changes by taxing authorities to its files income tax returns and recognizes a liability for or disclosed potential significant changes that are more likely than not to occur upon examination by tax authorities, including changes to the Cliburn's tax-exempt status. Management believes the Cliburn met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions that would require recognition or disclosure in the accompanying financial statements. With few exceptions, the Cliburn's federal income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.”

Raw XML Appendix385 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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IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.33000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Van Cliburn Trust Fund's endowments consist of approximately 31 individual donor-restricted funds established for a variety of purposes, including operating expenses, concerts, and competition costs, as well as a fund designated by the Board of Directors to function as an endowment.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Van Cliburn Foundation, Inc. and the Van Cliburn Trust are exempt from federal income tax in accordance with Section 501(c)(3) of the Internal Revenue Code, except for tax on any unrelated business income. The Cliburn had no material unrelated business income during the year. In addition, the Internal Revenue Service has determined the Foundation is not a "private foundation" within the meaning of Section 509(a) of the Internal Revenue Code. The Cliburn follows the provisions of FASB ASC 740, Income Taxes, which requires financial statement recognition and disclosure for uncertain tax positions taken or expected to be taken in a tax return. Management considers the likelihood of changes by taxing authorities to its files income tax returns and recognizes a liability for or disclosed potential significant changes that are more likely than not to occur upon examination by tax authorities, including changes to the Cliburn's tax-exempt status. Management believes the Cliburn met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions that would require recognition or disclosure in the accompanying financial statements. With few exceptions, the Cliburn's federal income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.43000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Van Cliburn Trust Fund regularly and consistently monitors and enforces compliance with the conflict of interest policy by ensuring that all officers and directors submit a signed copy of the policy annually, with any possible conflicts noted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed and approved by the Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Transfer to Foundation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Present and stage piano competitions
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0201 Main Street Ste 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fort Worth
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,566,031
Liabilities
$2,982
Net assets
$14,563,049
Revenue
$1,219,857
Expenses
$0
Net income
$1,219,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.5$0.01$22.4$2.14$1.57$0.57
2024Detailed filing. Detailed filing data is available for this year.$21.3$0.01$21.3$2.19$0.65$1.55
2023Detailed filing. Detailed filing data is available for this year.$19.9$1.67$18.2$0.92$0.67$0.26
2022Detailed filing. Detailed filing data is available for this year.$17.9$1.37$16.5$1.84$1.46$0.37
2021Detailed filing. Detailed filing data is available for this year.$21.1$1.10$20.0$0.69$0.52$0.17
2020Detailed filing. Detailed filing data is available for this year.$16.0$0.58$15.4$1.19$0.62$0.56
2019Detailed filing. Detailed filing data is available for this year.$15.7$0.16$15.5$0.57$0.61$0.04
2018Detailed filing. Detailed filing data is available for this year.$15.6$0.00$15.6$1.89$0.52$1.37
2017Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$1.22$0.00$1.22
2016Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$0.44$0.00$0.44
2015Detailed filing. Detailed filing data is available for this year.$14.0$0.31$13.7$1.12$0.00$1.12
2014Detailed filing. Detailed filing data is available for this year.$14.8$0.45$14.3$0.67$0.05$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.00$12.2$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.00$11.2$0.96
2011Summary only. Only limited summary data is available for this year.$11.2$0.05$11.1$0.34$0.58$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.64$0.00$9.64$0.40