Civic Intelligence

East Texas Communties Foundation Inc.

990 • Fiscal year 2014 • EIN 75-2309138

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

315 N Broadway AveTyler, TX 75702

(903) 533-0208

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$70,419,815

Flat from 2014

Net Assets

Flat

$61,822,807

Flat from 2014

Liabilities

Flat

$8,597,008

Flat from 2014

Revenue And Expenses

Revenue

Flat

$9,581,312

Flat from 2014

Expenses

Flat

$5,693,402

Flat from 2014

Net Income

Flat

$3,887,910

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $44,918,795Liabilities 2010: $5,170,850Net Assets 2010: $39,747,9452010Assets 2011: $47,172,577Liabilities 2011: $5,095,736Net Assets 2011: $42,076,8412011Assets 2012: $52,992,326Liabilities 2012: $5,768,137Net Assets 2012: $47,224,1892012Assets 2013: $66,215,875Liabilities 2013: $8,640,627Net Assets 2013: $57,575,2482013Assets 2014: $70,419,815Liabilities 2014: $8,597,008Net Assets 2014: $61,822,8072014Assets 2014: $70,419,815Liabilities 2014: $8,597,008Net Assets 2014: $61,822,8072014Assets 2015: $75,685,211Liabilities 2015: $8,677,665Net Assets 2015: $67,007,5462015Assets 2016: $80,269,573Liabilities 2016: $9,351,522Net Assets 2016: $70,918,0512016Assets 2017: $90,021,913Liabilities 2017: $11,054,426Net Assets 2017: $78,967,4872017Assets 2018: $96,373,102Liabilities 2018: $10,419,073Net Assets 2018: $85,954,0292018Assets 2019: $110,151,335Liabilities 2019: $12,851,767Net Assets 2019: $97,299,5682019Assets 2020: $125,082,802Liabilities 2020: $14,458,711Net Assets 2020: $110,624,0912020Assets 2021: $137,619,988Liabilities 2021: $14,805,500Net Assets 2021: $122,814,4882021Assets 2022: $115,734,641Liabilities 2022: $13,315,230Net Assets 2022: $102,419,4112022Assets 2023: $126,676,238Liabilities 2023: $16,049,993Net Assets 2023: $110,626,2452023Assets 2024: $129,511,863Liabilities 2024: $14,641,899Net Assets 2024: $114,869,9642024

Highlighted filing

2014

Assets$70,419,815
Liabilities$8,597,008
Net Assets$61,822,807

Operations Trend

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

$40M$30M$20M$10M$0Revenue 2010: $7,570,022Expenses 2010: $4,832,270Net Income 2010: $2,737,7522010Expenses 2011: $5,212,9182011Expenses 2012: $5,566,7632012Revenue 2013: $13,594,210Expenses 2013: $6,244,842Net Income 2013: $7,349,3682013Revenue 2014: $9,581,312Expenses 2014: $5,693,402Net Income 2014: $3,887,9102014Revenue 2014: $9,581,312Expenses 2014: $5,693,402Net Income 2014: $3,887,9102014Revenue 2015: $16,420,687Expenses 2015: $6,236,140Net Income 2015: $10,184,5472015Revenue 2016: $10,110,857Expenses 2016: $7,653,921Net Income 2016: $2,456,9362016Revenue 2017: $9,788,881Expenses 2017: $8,408,004Net Income 2017: $1,380,8772017Revenue 2018: $30,204,740Expenses 2018: $16,230,822Net Income 2018: $13,973,9182018Revenue 2019: $15,175,373Expenses 2019: $13,664,158Net Income 2019: $1,511,2152019Revenue 2020: $18,289,005Expenses 2020: $10,514,548Net Income 2020: $7,774,4572020Revenue 2021: $26,912,059Expenses 2021: $15,245,166Net Income 2021: $11,666,8932021Revenue 2022: $14,270,368Expenses 2022: $13,956,400Net Income 2022: $313,9682022Revenue 2023: $16,489,236Expenses 2023: $15,749,671Net Income 2023: $739,5652023Revenue 2024: $21,291,866Expenses 2024: $19,134,507Net Income 2024: $2,157,3592024

Highlighted filing

2014

Revenue$9,581,312
Expenses$5,693,402
Net Income$3,887,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$9,581,312
Mission and Program Overview

Mission

East Texas Communities Foundation supports philanthropy by offering simple ways for donors to achieve their long-term charitable objectives. We manage and distribute charitable funds including scholarships, endowments, designated and donor-advised funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$64,980,118$68,771,900▲ $3,791,782
Savings and Temporary Cash Investments$752,986$1,537,211▲ $784,225
Investments Other Securities$442,632$58,816▼ $383,816
Land, Buildings, and Equipment, Net$19,924$28,025▲ $8,101
Prepaid Expenses and Deferred Charges$15,324$23,863▲ $8,539
Accounts Receivable$2,916$0▼ $2,916
Cash and Non-Interest-Bearing Accounts$1$0▼ $1
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$66,215,875$70,419,815▲ $4,203,940
Other Assets Total$1,974$0▼ $1,974
Liabilities
Other Liabilities$8,605,629$8,542,357▼ $63,272
Grants Payable$35,000$43,000▲ $8,000
Accounts Payable and Accrued Expenses-$11,651-
Total Liabilities$8,640,629$8,597,008▼ $43,621
Net Assets / Fund Balance
Temporarily Rstr Net Assets$56,172,546$60,281,072▲ $4,108,526
Unrestricted Net Assets$1,402,700$1,541,735▲ $139,035
Total Net Assets Fund Balance$57,575,246$61,822,807▲ $4,247,561
Total Liabilities and Net Assets / Fund Balance$66,215,875$70,419,815▲ $4,203,940

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,280$75,509-
Leasehold Improvements$9,745$3,653-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$37,550,905$3,206,437▲ $1,669,901-$40,957,055
2013$26,682,779$8,067,709▲ $4,129,747-$37,550,905
2012$21,914,720$3,458,654▲ $2,262,432-$26,682,779
2011$17,297,584$5,962,511▲ $134,182-$21,914,720
2010$15,015,202$1,823,697▲ $1,597,533-$17,297,584
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kyle L PenneyPresidentFT$126,000$3,780$129,780

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,307,261
Program Service Revenue
$0
Investment Income
$3,192,155
Other Revenue
$81,896
All Other Contributions
$6,307,261
Change in Net Assets
$3,887,910

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$2,324,355Avg hi low
Securities Closely Held Stock1$226,500Appraisal
Total Noncash Contributions15$2,550,855-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,581,312
Revenue Not Reported on Form 990
$-118,471
Total Revenue per Audited Statements
$9,462,841
Total Revenue per Form 990
$9,581,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,795,146
Other Expenses$592,870
Salaries, Compensation, and Employee Benefits$305,386
Total Fundraising Expense$114,283
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,541,310--$4,541,310
Fees for Service Investment Mgmnt Fees-$392,524-$392,524
Grants to Domestic Individuals$253,836--$253,836
Other Salaries and Wages$46,176$74,652$33,093$153,921
Current Officers, Directors, Trustees, and Key Employees$37,800$61,111$27,089$126,000
Advertising$21,530$11,744$15,659$48,933
Occupancy$6,451$9,344$6,451$22,246
Information Technology$5,616$8,132$5,617$19,365
Payroll Taxes$5,549$8,971$3,976$18,496
Office Expenses$3,620$5,242$3,620$12,482
Depreciation Depletion$2,767$4,008$2,767$9,542
Travel$2,716$3,935$2,716$9,367
Fees for Services Accounting-$7,425-$7,425
Conferences and Meetings$2,106$3,049$2,108$7,263
Pension Plan Contributions$2,091$3,381$1,497$6,969
Insurance$1,137$1,646$1,139$3,922
Other Expenses$55$82$55$192
Total Functional Expenses$4,941,255$637,864$114,283$5,693,402

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,693,402
Total Expenses per Audited Statements$5,687,648
Expenses per Audited Statements$5,679,877
Expenses Not Reported on Financial Statements$13,525
Other Expense Adjustments$13,525
Expenses Not Reported on Form 990$7,771
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tributary Retreat and TraininTyler, TX501(c)(3)Support athletic programs$396,000
Texas Wesleyen UniversityFort Worth, TX501(c)(3)Vehicle purchases$285,459
St Paul Lutheran ChurchSt Joseph, MO501(c)(3)general support$200,000
UT Tyler Cowan CenterTyler, TX501(c)(3)Ministry of Bible Translators$161,580
Marvin United Methodist ChurcTyler, TX501(c)(3)Various purposes$139,016
PathTyler, TX501(c)(3)GED classes$109,552
Bethesda Health ClinicTyler, TX501(c)(3)general support$109,350
East Texas Food BankTyler, TX501(c)(3)General support$99,081
Salvation ArmyTyler, TX501(c)(3)2014 Book Fest$81,784
Green Acres Baptist ChurchTyler, TX501(c)(3)General support$77,500
East Texas Symphony OrchestraTyler, TX501(c)(3)General support$73,472
First Presbyterian Church ofTyler, TX501(c)(3)General support, playground equip$70,000
Boys & Girls Club of East TexTyler, TX501(c)(3)general support$62,932
Grace Community ChurchTyler, TX501(c)(3)General operations$60,600
All Saints Episcopal SchoolTyler, TX501(c)(3)General support$58,821
Literacy Council of TylerTyler, TX501(c)(3)General opperating support$55,582
Campus Crusade for ChristOrlando, FL501(c)(3)matching grant$54,600
Azleway IncTyler, TX501(c)(3)General support$52,451
Baylor Healthcare SystemDallas, TX501(c)(3)Baylor makes us all better campaign$50,000
East Texas Crisis CenterTyler, TX501(c)(3)genreal support$45,800
Christ Episcopal ChurchTyler, TX501(c)(3)general support$45,300
Bethel Bible Church of TylerTyler, TX501(c)(3)general support$43,500
Discovery Science PlaceTyler, TX501(c)(3)General support$43,500
Alliance Defending FreedomScottsdale, AZ501(c)(3)General support$40,000
The Andrews CenterTyler, TX501(c)(3)General Support$40,000
Hospice of East TexasTyler, TX501(c)(3)Mistletoe and Magic, general suppor$36,737
Junior Leage of Tyler IncTyler, TX501(c)(3)Multiple purposes$36,000
United Way of TylerTyler, TX501(c)(3)Various purposes$35,000
First Christian ChurchTyler, TX501(c)(3)food supplies$32,000
Board of Regents of UT AustinAustin, TX501(c)(3)General support$31,279
TisdTyler, TX501(c)(3)general support$30,560
Wycliffe bible TranslatorsOrlando, FL501(c)(3)General operating$30,000
Childrens Village and FamilyTyler, TX501(c)(3)general operating$28,774
Educational Radio FoundationTyler, TX501(c)(3)General support$28,700
Young Audiences of NE TexTyler, TX501(c)(3)Christmas gifts for children$27,500
Trinity School of TexasLongview, TX501(c)(3)General support/various purposes$26,872
Preston Hollow Presbyterian CDallas, TX501(c)(3)Operating funds$25,000
Boy Scouts of AmericaTyler, TX501(c)(3)general support$24,550
Great FoundationsTyler, TX501(c)(3)General support$24,000
UT Health Center of TylerTyler, TX501(c)(3)Presidents associates$23,500
Safe-tMount Pleasant, TX501(c)(3)General support$23,100
First Baptist Church of LongvLongview, TX501(c)(3)Building campaign and mission work$22,250
Camp Tyler FoundationWhitehouse, TX501(c)(3)General support$21,769
Tyler Junior CollegeTyler, TX501(c)(3)General support$20,610
The GatheringTyler, TX501(c)(3)General support$20,500
Cross Brand Cowboy ChurchTyler, TX501(c)(3)general support$20,000
Congregation Beth ElTyler, TX501(c)(3)Growth and development$19,968
TISD FoundationTyler, TX501(c)(3)food backpack program$18,676
Brook Hill School IncBullard, TX501(c)(3)Update library collection$18,600
National Sporting Library andMiddleburg, VA501(c)(3)General support$18,500
Friendly Baptist ChurchTyler, TX501(c)(3)Ministry purposes$18,000
Titus County CaresMount Pleasant, TX501(c)(3)Adopt a school program$18,000
Meals on WheelsTyler, TX501(c)(3)General support$17,787
Habitat for Humanity of SmithTyler, TX501(c)(3)Counseling svcs for children$15,950
North Tyler Day NurseryTyler, TX501(c)(3)Various purposes$15,250
Family Matters IncScottsdale, AZ501(c)(3)general support$15,000
LeTourneau UniversityLongview, TX501(c)(3)general support$15,000
Northeast Texas Comm CollegeMount Pleasant, TX501(c)(3)general support$15,000
Pleasant Hill Missionary BaptTyler, TX501(c)(3)Chapel at Presbyt. Village$15,000
The Cooper InstituteDallas, TX501(c)(3)Various purposes$15,000
Henderson Co HELP CenterAthens, TX501(c)(3)General support$12,500
Fourth Partner FoundationTyler, TX501(c)(3)General support$11,800
Texas Annual Conference of thHouston, TX501(c)(3)Building wheelchair ramps$11,300
St Judes Childrens FoundatMemphis, TN501(c)(3)Support educational programs$11,287
Tyler Day NurseryTyler, TX501(c)(3)Tennis program$10,755
Tyler Museum of ArtTyler, TX501(c)(3)Rusk county charities$10,500
Cain Center IncAthens, TX501(c)(3)General support$10,000
Center for Mission MobilizatiFayetteville, AR501(c)(3)General support$10,000
First United Methodist ChurchAthens, TX501(c)(3)General support$10,000
HOPE-Helping Others Pursue EnJacksonville, TX501(c)(3)General support$10,000
Highland Park United MethodisDallas, TX501(c)(3)assisting low income individuals$10,000
Reformed Life MinistriesAcworth, GA501(c)(3)Various purposes$10,000
The Heritage FoundationWashington, DC501(c)(3)Therapet Skills Class$10,000
Alzheimers Alliance of SmithTyler, TX501(c)(3)general operating memorial funds$9,625
East Texas Arboretum and BotaAthens, TX501(c)(3)General support$9,500
Youth With a MissionGarden Valley, TX501(c)(3)-$9,250
Lufkin High School AlumniLufkin, TX501(c)(3)Various purposes$8,937
Ark Campus MinistryAthens, TX501(c)(3)general support$8,000
Limbs InternationalEl Paso, TX501(c)(3)General support$8,000
Smith Co Area Libraries TogetTyler, TX501(c)(3)General support$8,000
Boys & Girls Club of Rusk CoHenderson, TX501(c)(3)general support$7,500
Catholic Campus MinistriesTyler, TX501(c)(3)General support$7,500
Fullness of TruthKingwood, TX501(c)(3)SE Asia Children's fund$7,500
City of TroupTroup, TX501(c)(3)General support$7,403
Pittsburg-Camp Co Public LibrPittsburg, TX501(c)(3)Church missions$7,200
Believe and See AfricaTyler, TX501(c)(3)General support$7,000
Texas Ramp ProjectRichardson, TX501(c)(3)Various purposes$7,000
Leadership TylerTyler, TX501(c)(3)Various purposes$6,500
UT System OFfice of EstatesAustin, TX501(c)(3)Various purposes$6,500
Bullard Community LibraryBullard, TX501(c)(3)Scholarships$6,433
TJC FoundationTyler, TX501(c)(3)Capital expenditures/various purpos$6,018
Disciples Clinic of AthensAthens, TX501(c)(3)General operating$6,000
First Christian Church of HenHenderson, TX501(c)(3)Debt reduction$6,000
United Way of Rusk Co IncHenderson, TX501(c)(3)2013 Campaign$6,000
Youth & Family Enrichment CenTyler, TX501(c)(3)Building Program$6,000
Smith Co Champtions for ChildTyler, TX501(c)(3)Medical/Dental clinics$5,787
TherapetTyler, TX501(c)(3)Various purposes$5,750
Give2AsiaSan Fransisco, CA501(c)(3)general operating$5,600
National Jewish Medical ReseaDenver, CO501(c)(3)Various purposes$5,362
American Red CrossTyler, TX501(c)(3)general operating, disaster relief$5,350
Susan G Komen for the Cure TTyler, TX501(c)(3)Emerging Leaders Endowment$5,250
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
Funds held as agency endowments$8,542,357
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 11B: Form 990 Review Process

A draft copy of the Form 990 is reviewed by the Board. The Board discusses any questions or issues at a regularly scheduled board meeting or via conference call

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

The directors must disclose any conflict of interest on an annual basis

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board conducts an annual review of compensation paid and comparable salaries.

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

Financial statements are made available on the Foundation's website. The Foundation's governing documents, conflict of interest policy, and financial statements are made available at the Foundation's office by request.

Filing and Contact Details

Filer

Filer Name
East Texas Communities Foundation
EIN
75-2309138
Phone
9035330208
Address
315 N BROADWAY AVE, TYLER, TX 75702

Signing Officer

Name
Kyle L Penney
Title
President
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle L Penney
Formed
1989
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
29
Employees
5

Preparer

Firm
Prothro Wilhelmi & Company PLLC
Address
6855 Oak Hill Blvd, Tyler, TX 75703
Preparer
Thomas G Prothro
Phone
9035348811
Supplemental Narrative

Additional Explanations

Schedule L, Part I Detail

1(b)&(c) AND 2(b)&(c): THE ORGANIZATION INITIATED AND RECEIVED A LEGAL OPINION THAT AN INVESTMENT ADVISOR WORKING FOR NBC SECURITIES IS A DISQUALIFIED PERSON BECAUSE OF A FAMILY RELATIONSHIP WITH A DONOR AND THE REASONABLE AND CUSTOMARY FEES RECEIVED BY THE ADVISOR FOR SERVICES RENDERED ARE CONSIDERED AN AUTOMATIC EXCESS BENEFIT. THE INVESTMENT ADVISOR ALSO ACQUIRED MORE THAN 35% OF NBC SECURITIES DURING 2010.NBC SECURITIES HAS COOPERATED FULLY WITH THE FOUNDATION TO IDENTIFY AND IMMEDIATELY CORRECT THE EXCESS BENEFIT TRANSACTION PRIOR TO THE FILING OF THE 2014 FORM 990.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Mineral Interest $56948

Part XII, Line 2D: Other expenses and losses per audited F/S

Investment Management Fees $3782 Property management expenses $3989

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

P/Y accrued vacation $10615 Other expenses $2910

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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.$130$14.6$115$21.3$19.1$2.16
2023Detailed filing. Detailed filing data is available for this year.$127$16.0$111$16.5$15.7$0.74
2022Detailed filing. Detailed filing data is available for this year.$116$13.3$102$14.3$14.0$0.31
2021Detailed filing. Detailed filing data is available for this year.$138$14.8$123$26.9$15.2$11.7
2020Detailed filing. Detailed filing data is available for this year.$125$14.5$111$18.3$10.5$7.77
2019Detailed filing. Detailed filing data is available for this year.$110$12.9$97.3$15.2$13.7$1.51
2018Detailed filing. Detailed filing data is available for this year.$96.4$10.4$86.0$30.2$16.2$14.0
2017Detailed filing. Detailed filing data is available for this year.$90.0$11.1$79.0$9.79$8.41$1.38
2016Detailed filing. Detailed filing data is available for this year.$80.3$9.35$70.9$10.1$7.65$2.46
2015Detailed filing. Detailed filing data is available for this year.$75.7$8.68$67.0$16.4$6.24$10.2
2014Detailed filing. Detailed filing data is available for this year.$70.4$8.60$61.8$9.58$5.69$3.89
2014Detailed filing. Detailed filing data is available for this year.$70.4$8.60$61.8$9.58$5.69$3.89
2013Detailed filing. Detailed filing data is available for this year.$66.2$8.64$57.6$13.6$6.24$7.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.0$5.77$47.2$5.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.2$5.10$42.1$5.21
2010Summary only. Only limited summary data is available for this year.$44.9$5.17$39.7$7.57$4.83$2.74