Civic Intelligence

Bsf Foundation

990 • Fiscal year 2018 • EIN 75-2688553

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 06, 2019

Organization ProfileN/A
801 Cherry Street Suite 1500Fort Worth, TX 76102-6881

(817) 877-3344

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Asset Growth

50th percentile

-0.9%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$9,721,601

Down $88,705 (-0.9%) from 2017

Net Assets

Down

$9,704,776

Down $88,705 (-0.9%) from 2017

Liabilities

Flat

$16,825

Flat from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Up

-$88,705

Up $1,063 (+1.2%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

-$88,705

Up $1,063 (+1.2%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,286,137Liabilities 2010: $16,825Net Assets 2010: $10,269,3122010Assets 2011: $10,333,938Liabilities 2011: $16,825Net Assets 2011: $10,317,1132011Assets 2012: $10,140,636Liabilities 2012: $16,825Net Assets 2012: $10,123,8112012Assets 2013: $10,123,723Liabilities 2013: $16,825Net Assets 2013: $10,106,8982013Assets 2014: $10,076,552Liabilities 2014: $16,825Net Assets 2014: $10,059,7272014Assets 2015: $9,979,182Liabilities 2015: $16,825Net Assets 2015: $9,962,3572015Assets 2016: $9,900,074Liabilities 2016: $16,825Net Assets 2016: $9,883,2492016Assets 2017: $9,810,306Liabilities 2017: $16,825Net Assets 2017: $9,793,4812017Assets 2018: $9,721,601Liabilities 2018: $16,825Net Assets 2018: $9,704,7762018Assets 2019: $9,558,725Liabilities 2019: $15,450Net Assets 2019: $9,543,2752019Assets 2020: $8,745,176Liabilities 2020: $15,450Net Assets 2020: $8,729,7262020Assets 2021: $68,552Liabilities 2021: $0Net Assets 2021: $68,5522021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$9,721,601
Liabilities$16,825
Net Assets$9,704,776
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0M-$10MRevenue 2010: $60,884Expenses 2010: $0Net Income 2010: $60,8842010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$16,913Expenses 2013: $0Net Income 2013: -$16,9132013Revenue 2014: -$47,171Expenses 2014: $0Net Income 2014: -$47,1712014Revenue 2015: -$97,370Expenses 2015: $0Net Income 2015: -$97,3702015Revenue 2016: -$79,108Expenses 2016: $0Net Income 2016: -$79,1082016Revenue 2017: -$89,768Expenses 2017: $0Net Income 2017: -$89,7682017Revenue 2018: -$88,705Expenses 2018: $0Net Income 2018: -$88,7052018Revenue 2019: -$161,501Expenses 2019: $0Net Income 2019: -$161,5012019Revenue 2020: -$213,549Expenses 2020: $0Net Income 2020: -$213,5492020Revenue 2021: -$100,375Expenses 2021: $8,409,968Net Income 2021: -$8,510,3432021Revenue 2022: $1Expenses 2022: $0Net Income 2022: $12022

Highlighted filing

2018

Revenue-$88,705
Expenses$0
Net Income-$88,705
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 6, 2019
Return Version
2018v3.1
Gross Receipts
$479,191
Mission and Program Overview

Mission

To hold title to property, collect income therefrom and turn over the entire amount thereof, less expenses, to the burnett foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,990,905$8,855,662▼ $135,243
Savings and Temporary Cash Investments$818,611$865,149▲ $46,538
Total Assets$9,810,306$9,721,601▼ $88,705
Other Assets Total$790$790→ $0
Liabilities
Other Liabilities$16,825$16,825→ $0
Total Liabilities$16,825$16,825→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$9,793,481$9,704,776▼ $88,705
Total Net Assets Fund Balance$9,793,481$9,704,776▼ $88,705
Total Liabilities and Net Assets / Fund Balance$9,810,306$9,721,601▼ $88,705

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,605,301$3,798,641-
Land$5,250,361--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Anne W MarionPresident/treasurer
Jeffery L FornaciariVice President
Neils AgatherVice President
John L MarionVice President/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$-88,706
Change in Net Assets
$-88,705
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits$16,825
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Anne w. Marion has a family and business relationship with john l. Marion.”

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is the burnett foundation.”

Form 990, Part VI, Section A, Line 7A

“The burnett foundation appoints the board of directors of the organization.”

Form 990, Part VI, Section B, Line 11B

“The tax return was reviewed by neils agather, vice president, before filing.”

Form 990, Part VI, Section B, Line 12

“The bsf foundation does not currently have a separate conflict of interest policy, but the burnett foundation does have one which requires the board members to acknowledge their compliance on an annual basis. There are three common board members between the organizations.”

Form 990, Part VI, Section B, Line 15

“The organization did not pay any compensation in 2018. An appropriate process for determining compensation will be implemented if any compensation is paid in the future.”

Form 990, Part VI, Section C, Line 19

“All documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Bsf Foundation
EIN
75-2688553
Phone
8178773344
Address
801 CHERRY STREET SUITE 1500, FORT WORTH, TX 76102-6881

Signing Officer

Name
Neils Agather
Title
Vice President
Phone
8178773344
Signed
2019-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neils Agather
Formed
1997
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Christy Cates
Phone
8172599100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The financial accounting standards board provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the foundation's tax return to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management has determined that there are no material uncertain income tax positions. The foundation is no longer subject to u.s. Federal, state and local income tax examinations by tax authorities for years prior to 2015.”

Raw XML Appendix321 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/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARDS BOARD PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANNE W. MARION HAS A FAMILY AND BUSINESS RELATIONSHIP WITH JOHN L. MARION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF THE ORGANIZATION IS THE BURNETT FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BURNETT FOUNDATION APPOINTS THE BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN WAS REVIEWED BY NEILS AGATHER, VICE PRESIDENT, BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BSF FOUNDATION DOES NOT CURRENTLY HAVE A SEPARATE CONFLICT OF INTEREST POLICY, BUT THE BURNETT FOUNDATION DOES HAVE ONE WHICH REQUIRES THE BOARD MEMBERS TO ACKNOWLEDGE THEIR COMPLIANCE ON AN ANNUAL BASIS. THERE ARE THREE COMMON BOARD MEMBERS BETWEEN THE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT PAY ANY COMPENSATION IN 2018. AN APPROPRIATE PROCESS FOR DETERMINING COMPENSATION WILL BE IMPLEMENTED IF ANY COMPENSATION IS PAID IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09704776
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-79621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-88705
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-9084
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09810306
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09721601
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09793481
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09704776
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 CHERRY STREET SUITE 1500
IRS990/USAddress/CityNm0FORT WORTH
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0761026881
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEILS AGATHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08178773344
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BSF FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BSFF
ReturnHeader/Filer/EIN0752688553
ReturnHeader/Filer/PhoneNum08178773344
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 CHERRY STREET SUITE 1500
ReturnHeader/Filer/USAddress/CityNm0FORT WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0761026881
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05811B1F842ADCF53E37044D6E25144EA48CE31D4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.51.12.244
ReturnHeader/FilingSecurityInformation/IPDt02019-08-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:27:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752393478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITLEY PENN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0640 TAYLOR STREET SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076102
ReturnHeader/PreparerPersonGrp/PhoneNum08172599100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTY CATES
ReturnHeader/ReturnTs02019-08-13T13:18:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,721,601
Liabilities
$16,825
Net assets
$9,704,776
Revenue
-$88,705
Expenses
$0
Net income
-$88,705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.10$8.41$8.51
2020Detailed filing. Detailed filing data is available for this year.$8.75$0.02$8.73$0.21$0.00$0.21
2019Detailed filing. Detailed filing data is available for this year.$9.56$0.02$9.54$0.16$0.00$0.16
2018Detailed filing. Detailed filing data is available for this year.$9.72$0.02$9.70$0.09$0.00$0.09
2017Detailed filing. Detailed filing data is available for this year.$9.81$0.02$9.79$0.09$0.00$0.09
2016Detailed filing. Detailed filing data is available for this year.$9.90$0.02$9.88$0.08$0.00$0.08
2015Detailed filing. Detailed filing data is available for this year.$9.98$0.02$9.96$0.10$0.00$0.10
2014Detailed filing. Detailed filing data is available for this year.$10.1$0.02$10.1$0.05$0.00$0.05
2013Detailed filing. Detailed filing data is available for this year.$10.1$0.02$10.1$0.02$0.00$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.02$10.1$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.02$10.3$0.00
2010Summary only. Only limited summary data is available for this year.$10.3$0.02$10.3$0.06$0.00$0.06