Civic Intelligence

Heb Economic Development Foundation Inc

990EZ • Fiscal year 2019 • EIN 75-2349404

Oct 01, 2018 to Sep 30, 2019 • Filed on Nov 05, 2019

PO Box 969Bedford, TX 76095

(817) 283-1521

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

59th percentile

5.9%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

52nd percentile

3.9%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

-0.3%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$126,364

Up $4,771 (+3.9%) from 2018

Net Assets

Up

$126,364

Up $4,771 (+3.9%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$80,252

Down $276 (-0.3%) from 2018

Expenses

Down

$75,481

Down $3,414 (-4.3%) from 2018

Net Income

Up

$4,771

Up $3,138 (+192%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $109,795Liabilities 2011: $02011Assets 2012: $108,312Liabilities 2012: $02012Assets 2013: $117,785Liabilities 2013: $02013Assets 2014: $112,690Liabilities 2014: $02014Assets 2015: $118,354Liabilities 2015: $02015Assets 2016: $117,753Liabilities 2016: $0Net Assets 2016: $117,7532016Assets 2017: $119,960Liabilities 2017: $0Net Assets 2017: $119,9602017Assets 2018: $121,593Liabilities 2018: $0Net Assets 2018: $121,5932018Assets 2019: $126,364Liabilities 2019: $0Net Assets 2019: $126,3642019Assets 2020: $165,008Liabilities 2020: $0Net Assets 2020: $165,0082020Assets 2021: $211,390Liabilities 2021: $0Net Assets 2021: $211,3902021Assets 2022: $223,579Liabilities 2022: $0Net Assets 2022: $223,5792022Assets 2023: $186,454Liabilities 2023: $0Net Assets 2023: $186,4542023Assets 2024: $177,399Liabilities 2024: $0Net Assets 2024: $177,3992024Assets 2025: $181,591Liabilities 2025: $0Net Assets 2025: $181,5912025

Highlighted filing

2019

Assets$126,364
Liabilities$0
Net Assets$126,364

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $80,145Expenses 2011: $77,550Net Income 2011: $2,5952011Revenue 2012: $75,566Expenses 2012: $77,049Net Income 2012: -$1,4832012Revenue 2013: $80,063Expenses 2013: $70,590Net Income 2013: $9,4732013Revenue 2014: $75,631Expenses 2014: $80,726Net Income 2014: -$5,0952014Revenue 2015: $85,051Expenses 2015: $79,387Net Income 2015: $5,6642015Revenue 2016: $81,191Expenses 2016: $81,792Net Income 2016: -$6012016Revenue 2017: $80,042Expenses 2017: $77,835Net Income 2017: $2,2072017Revenue 2018: $80,528Expenses 2018: $78,895Net Income 2018: $1,6332018Revenue 2019: $80,252Expenses 2019: $75,481Net Income 2019: $4,7712019Revenue 2020: $80,037Expenses 2020: $41,393Net Income 2020: $38,6442020Revenue 2021: $80,036Expenses 2021: $33,654Net Income 2021: $46,3822021Revenue 2022: $80,116Expenses 2022: $67,927Net Income 2022: $12,1892022Revenue 2023: $40,991Expenses 2023: $78,116Net Income 2023: -$37,1252023Revenue 2024: $81,530Expenses 2024: $90,585Net Income 2024: -$9,0552024Revenue 2025: $80,584Expenses 2025: $76,392Net Income 2025: $4,1922025

Highlighted filing

2019

Revenue$80,252
Expenses$75,481
Net Income$4,771
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$80,252
Mission and Program Overview

Mission

The mission of the heb economic development foundation is to market the cities of heb to bring in new business and retain existing businesses.

Program Services

DescriptionGrantsExpenses
DEVELOP ECONOMIC DEMOGRAPHIC RESOURCE DATABASE TO ALLOW DISSEMINATION OF INFORMATION AND ENHANCE THE KNOWLEDGE AND MARKETABILITY OF THE HEB AREA.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JIM GRIFFINDirector-$0--
STEVE FARCOTreasurer-$0--
MARY FRAZIORDirectorPT$0--
LINDA EILENFELDT PARTIAL YEARChairman-$0--
HENRY WILSONDirector-$0--
STEVE CHAPMANDirector-$0--
JULIE COLEDirector-$0--
LORETTA GETCHELLDirector-$0--
CLAY CARUTHERSDirector-$0--
LINDA MARTIN PARTIAL YEARChairman-$0--
Filing and Contact Details

Filer

Filer Name
Heb Economic Development Foundation
EIN
75-2349404
Phone
8172831521
Address
PO BOX 969, BEDFORD, TX 76095

Signing Officer

Name
Mary Frazior
Title
Director
Phone
8172831521
Signed
2019-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Whitley Penn Llp
Address
8343 DOUGLAS AVENUE SUITE 400, DALLAS, TX 75225
Preparer
Curtis Maxfield
Phone
2143939300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 252.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: community information. Amount: 42,774. Description: administration costs. Amount: 26,800. Description: auto, travel and meetings. Amount: 4,000. Description: dues. Amount: 100. Description: miscellaneous. Amount: 207. Total to form 990-ez, line 16: 73,881.

Raw XML Appendix158 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08172831521
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 969
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BEDFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076095
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0121593
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0126364
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt080000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt04771
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01600
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JIM GRIFFIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVE FARCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARY FRAZIOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LINDA EILENFELDT PARTIAL YEAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4HENRY WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5STEVE CHAPMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JULIE COLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7LORETTA GETCHELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8CLAY CARUTHERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9LINDA MARTIN PARTIAL YEAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9CHAIRMAN
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt073881
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE HEB ECONOMIC DEVELOPMENT FOUNDATION IS TO MARKET THE CITIES OF HEB TO BRING IN NEW BUSINESS AND RETAIN EXISTING BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DEVELOP ECONOMIC DEMOGRAPHIC RESOURCE DATABASE TO ALLOW DISSEMINATION OF INFORMATION AND ENHANCE THE KNOWLEDGE AND MARKETABILITY OF THE HEB AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt075481
IRS990EZ/TotalRevenueAmt080252
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.HEB.ORG/ECONOMICDEVELOPMENT
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 252.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: COMMUNITY INFORMATION. AMOUNT: 42,774. DESCRIPTION: ADMINISTRATION COSTS. AMOUNT: 26,800. DESCRIPTION: AUTO, TRAVEL AND MEETINGS. AMOUNT: 4,000. DESCRIPTION: DUES. AMOUNT: 100. DESCRIPTION: MISCELLANEOUS. AMOUNT: 207. TOTAL TO FORM 990-EZ, LINE 16: 73,881.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY FRAZIOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08172831521
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEB ECONOMIC DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HEBE
ReturnHeader/Filer/EIN0752349404
ReturnHeader/Filer/PhoneNum08172831521
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 969
ReturnHeader/Filer/USAddress/CityNm0BEDFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076095
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05AB0508C917B9D793C9B3D17A0B80BA1E12A49C9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.51.12.244
ReturnHeader/FilingSecurityInformation/IPDt02019-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:20:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752393478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITLEY PENN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08343 DOUGLAS AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075225
ReturnHeader/PreparerPersonGrp/PhoneNum02143939300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CURTIS MAXFIELD
ReturnHeader/ReturnTs02019-12-13T16:40:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.81$0.76$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.82$0.91$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.41$0.78$0.37
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.80$0.68$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.80$0.34$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.80$0.41$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.80$0.75$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.81$0.79$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.80$0.78$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.81$0.82$0.01
2015Summary only. Only limited summary data is available for this year.$1.18$0.00$0.85$0.79$0.06
2014Summary only. Only limited summary data is available for this year.$1.13$0.00$0.76$0.81$0.05
2013Summary only. Only limited summary data is available for this year.$1.18$0.00$0.80$0.71$0.09
2012Summary only. Only limited summary data is available for this year.$1.08$0.00$0.76$0.77$0.01
2011Summary only. Only limited summary data is available for this year.$1.10$0.00$0.80$0.78$0.03