Civic Intelligence

Grayson County College Foundation Inc.

990 • Fiscal year 2018 • EIN 75-2436355

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 11, 2019

Organization ProfileWWW.GRAYSON.EDU
6101 Grayson Drive Fm 691Denison, TX 75020

(903) 465-6030

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.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

78th percentile

13%

Faster asset growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$14,824,212

Up $1,667,918 (+13%) from 2017

Net Assets

Up

$14,819,629

Up $1,664,659 (+13%) from 2017

Liabilities

Up

$4,583

Up $3,259 (+246%) from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin88th percentile

Revenue

Down

$1,050,925

Down $307,329 (-23%) from 2017

Expenses

Up

$621,836

Up $165,886 (+36%) from 2017

Net Income

Down

$429,089

Down $473,215 (-52%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$30M$20M$10M$0Assets 2011: $8,193,197Liabilities 2011: $9,450Net Assets 2011: $8,183,7472011Assets 2012: $9,241,533Liabilities 2012: $3,996Net Assets 2012: $9,237,5372012Assets 2013: $10,485,100Liabilities 2013: $995Net Assets 2013: $10,484,1052013Assets 2014: $11,161,533Liabilities 2014: $566Net Assets 2014: $11,160,9672014Assets 2015: $11,140,088Liabilities 2015: $0Net Assets 2015: $11,140,0882015Assets 2016: $12,280,492Liabilities 2016: $27,826Net Assets 2016: $12,252,6662016Assets 2017: $13,156,294Liabilities 2017: $1,324Net Assets 2017: $13,154,9702017Assets 2018: $14,824,212Liabilities 2018: $4,583Net Assets 2018: $14,819,6292018Assets 2019: $16,120,389Liabilities 2019: $234Net Assets 2019: $16,120,1552019Assets 2020: $17,113,372Liabilities 2020: $16,913Net Assets 2020: $17,096,4592020Assets 2021: $20,063,592Liabilities 2021: $8,189Net Assets 2021: $20,055,4032021Assets 2022: $18,934,161Liabilities 2022: $4,567Net Assets 2022: $18,929,5942022Assets 2023: $20,276,340Liabilities 2023: $494Net Assets 2023: $20,275,8462023Assets 2024: $23,731,128Liabilities 2024: $9,851Net Assets 2024: $23,721,2772024

Highlighted filing

2018

Assets$14,824,212
Liabilities$4,583
Net Assets$14,819,629
Open 2018 Filing

Operations Trend

Revenue Growth11th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $701,208Expenses 2011: $369,464Net Income 2011: $331,7442011Revenue 2012: $1,430,397Expenses 2012: $376,607Net Income 2012: $1,053,7902012Revenue 2013: $1,684,319Expenses 2013: $437,751Net Income 2013: $1,246,5682013Revenue 2014: $1,674,657Expenses 2014: $497,795Net Income 2014: $1,176,8622014Revenue 2015: $571,760Expenses 2015: $592,639Net Income 2015: -$20,8792015Revenue 2016: $1,841,710Expenses 2016: $729,132Net Income 2016: $1,112,5782016Revenue 2017: $1,358,254Expenses 2017: $455,950Net Income 2017: $902,3042017Revenue 2018: $1,050,925Expenses 2018: $621,836Net Income 2018: $429,0892018Revenue 2019: $2,343,794Expenses 2019: $593,133Net Income 2019: $1,750,6612019Revenue 2020: $1,421,964Expenses 2020: $748,738Net Income 2020: $673,2262020Revenue 2021: $2,102,072Expenses 2021: $526,491Net Income 2021: $1,575,5812021Revenue 2022: $3,789,664Expenses 2022: $666,880Net Income 2022: $3,122,7842022Revenue 2023: $1,682,259Expenses 2023: $626,674Net Income 2023: $1,055,5852023Revenue 2024: $2,434,645Expenses 2024: $824,527Net Income 2024: $1,610,1182024

Highlighted filing

2018

Revenue$1,050,925
Expenses$621,836
Net Income$429,089
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 11, 2019
Return Version
2017v2.2
Gross Receipts
$5,876,869
Mission and Program Overview

Mission

The foundation serves grayson college through the development of public understanding and philanthopic support. The foundation encourages mutually beneficial relationships between the college and its various constituencies.

Secure resources for grayson college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,748,206$12,909,023▲ $3,160,817
Cash and Non-Interest-Bearing Accounts$2,979,239$1,496,699▼ $1,482,540
Other Notes and Loans Receivable, Net-$209,431-
Land, Buildings, and Equipment, Net$428,663$205,672▼ $222,991
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$13,156,294$14,824,212▲ $1,667,918
Other Assets Total$186$3,387▲ $3,201
Liabilities
Accounts Payable and Accrued Expenses$1,324$4,583▲ $3,259
Total Liabilities$1,324$4,583▲ $3,259
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,247,161$11,917,507▲ $1,670,346
Temporarily Rstr Net Assets$2,479,146$2,696,450▲ $217,304
Unrestricted Net Assets$428,663$205,672▼ $222,991
Total Net Assets Fund Balance$13,154,970$14,819,629▲ $1,664,659
Total Liabilities and Net Assets / Fund Balance$13,156,294$14,824,212▲ $1,667,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$192,893$192,893
Buildings$199,672$-135,003$64,669
Land$6,000-$6,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$13,585,947$610,633▲ $1,029,301-$14,613,957
2016$11,510,309$1,021,176▲ $1,443,648-$13,585,947
2015$10,392,527$485,588▲ $1,292,593-$11,510,309
2014$9,872,310$551,605▲ $427,463-$10,392,527
2013$8,653,756$1,238,228▲ $389,003-$9,872,310
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Janice HowellChairman
Sue-lynn VoigtVice Chairman
Bridget RenfroeDirector
Cathy EubankDirector
Darlene BrownDirector
George WoodroofDirector
Horace GroffDirector
Jerry HolbertDirector
Laura DapkusDirector
Lyn JostesDirector
Melanie GrammarDirector
Phil RoetherDirector
T R FletcherDirector
Woody YoungDirector
Zack FloresDirector
Willian RetzSecretary
Giles BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$610,633
Program Service Revenue
$0
Investment Income
$417,084
Other Revenue
$23,208
All Other Contributions
$610,633
Change in Net Assets
$429,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$535,631
Other Expenses$86,205
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$535,631--$535,631
Other Expenses$68,919--$68,919
Depreciation Depletion$9,912--$9,912
Occupancy$6,580--$6,580
Travel-$794-$794
Total Functional Expenses$621,042$794$0$621,836
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,324
Fundraising Direct Expenses$14,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Viking Challenge Go$24,324$24,324$9,510$14,814
Total Events$24,324$24,324$14,490$9,834
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“The foundation's committees review matters and make recommendations to the board of directors but do not have the authority to act on behalf of the board. Consequently, no minutes or other documentation are maintained.”

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

“The foundation's treasurer is charged with reviewing and approving form 990 prior to filing of the return.”

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

“The foundation's governing documents, conflict of interest policy, as well as generalized financial information would be made available upon written request to the foundation.”

Filing and Contact Details

Filer

Filer Name
Grayson College Foundation
EIN
75-2436355
Phone
9034656030
Address
6101 GRAYSON DRIVE FM 691, DENISON, TX 75020

Signing Officer

Name
Giles Brown
Title
Treasurer
Signed
2019-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Giles Brown
Formed
1991
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
McClanahan and Holmes LLP CPA
Address
304 West Chestnut, Denison, TX 75020-3111
Preparer
Russ Wood CPA
Phone
9034656070
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The endowment funds are utilized to pay scholarships to students attending grayson college.”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,824,212
Liabilities
$4,583
Net assets
$14,819,629
Revenue
$1,050,925
Expenses
$621,836
Net income
$429,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$0.01$23.7$2.43$0.82$1.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$0.00$20.3$1.68$0.63$1.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$0.00$18.9$3.79$0.67$3.12
2021Detailed filing. Detailed filing data is available for this year.$20.1$0.01$20.1$2.10$0.53$1.58
2020Detailed filing. Detailed filing data is available for this year.$17.1$0.02$17.1$1.42$0.75$0.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$0.00$16.1$2.34$0.59$1.75
2018Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$1.05$0.62$0.43
2017Summary only. Only limited summary data is available for this year.$13.2$0.00$13.2$1.36$0.46$0.90
2016Summary only. Only limited summary data is available for this year.$12.3$0.03$12.3$1.84$0.73$1.11
2015Summary only. Only limited summary data is available for this year.$11.1$0.00$11.1$0.57$0.59$0.02
2014Summary only. Only limited summary data is available for this year.$11.2$0.00$11.2$1.67$0.50$1.18
2013Summary only. Only limited summary data is available for this year.$10.5$0.00$10.5$1.68$0.44$1.25
2012Summary only. Only limited summary data is available for this year.$9.24$0.00$9.24$1.43$0.38$1.05
2011Summary only. Only limited summary data is available for this year.$8.19$0.01$8.18$0.70$0.37$0.33