Civic Intelligence

Grace L Woodward Memorial Endowment Trust

990 • Fiscal year 2016 • EIN 75-2700815

Jun 01, 2015 to May 31, 2016 • Filed on Feb 09, 2017

Organization ProfileN/A
Box 29139Abilene, TX 79699

(325) 674-2000

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

2nd percentile

0.00x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

1st percentile

-275%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

8th percentile

-9.9%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Down

$30,452,285

Down $3,343,382 (-9.9%) from 2015

Net Assets

Down

$30,452,285

Down $3,343,382 (-9.9%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin1st percentile

Revenue

Down

$411,472

Down $53,574 (-12%) from 2015

Expenses

Up

$1,544,033

Up $22,012 (+1.4%) from 2015

Net Income

Down

-$1,132,561

Down $75,586 (-7.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$60M$40M$20M$0Assets 2011: $32,137,103Liabilities 2011: $0Net Assets 2011: $32,137,1032011Assets 2012: $29,979,354Liabilities 2012: $0Net Assets 2012: $29,979,3542012Assets 2013: $31,379,236Liabilities 2013: $0Net Assets 2013: $31,379,2362013Assets 2014: $33,560,093Liabilities 2014: $0Net Assets 2014: $33,560,0932014Assets 2015: $33,795,667Liabilities 2015: $0Net Assets 2015: $33,795,6672015Assets 2016: $30,452,285Liabilities 2016: $0Net Assets 2016: $30,452,2852016Assets 2017: $33,355,192Liabilities 2017: $0Net Assets 2017: $33,355,1922017Assets 2018: $37,301,077Liabilities 2018: $0Net Assets 2018: $37,301,0772018Assets 2019: $35,604,858Liabilities 2019: $0Net Assets 2019: $35,604,8582019Assets 2020: $32,383,275Liabilities 2020: $0Net Assets 2020: $32,383,2752020Assets 2021: $45,460,660Liabilities 2021: $0Net Assets 2021: $45,460,6602021Assets 2022: $46,336,469Liabilities 2022: $0Net Assets 2022: $46,336,4692022Assets 2023: $45,274,814Liabilities 2023: $0Net Assets 2023: $45,274,8142023Assets 2024: $46,356,768Liabilities 2024: $0Net Assets 2024: $46,356,7682024Assets 2025: $48,016,370Liabilities 2025: $0Net Assets 2025: $48,016,3702025

Highlighted filing

2016

Assets$30,452,285
Liabilities$0
Net Assets$30,452,285
Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $1,158,860Expenses 2011: $1,752,951Net Income 2011: -$594,0912011Revenue 2012: $154,611Expenses 2012: $1,536,000Net Income 2012: -$1,381,3892012Revenue 2013: $275,838Expenses 2013: $1,505,347Net Income 2013: -$1,229,5092013Revenue 2014: $406,179Expenses 2014: $1,508,975Net Income 2014: -$1,102,7962014Revenue 2015: $465,046Expenses 2015: $1,522,021Net Income 2015: -$1,056,9752015Revenue 2016: $411,472Expenses 2016: $1,544,033Net Income 2016: -$1,132,5612016Revenue 2017: $548,990Expenses 2017: $1,526,518Net Income 2017: -$977,5282017Revenue 2018: $700,798Expenses 2018: $1,556,257Net Income 2018: -$855,4592018Revenue 2019: $730,341Expenses 2019: $1,625,626Net Income 2019: -$895,2852019Revenue 2020: $691,834Expenses 2020: $1,633,397Net Income 2020: -$941,5632020Revenue 2021: $990,032Expenses 2021: $1,640,008Net Income 2021: -$649,9762021Revenue 2022: $1,097,374Expenses 2022: $1,754,804Net Income 2022: -$657,4302022Revenue 2023: $1,186,387Expenses 2023: $1,877,646Net Income 2023: -$691,2592023Revenue 2024: $1,299,484Expenses 2024: $1,983,390Net Income 2024: -$683,9062024Revenue 2025: $1,402,441Expenses 2025: $2,060,002Net Income 2025: -$657,5612025

Highlighted filing

2016

Revenue$411,472
Expenses$1,544,033
Net Income-$1,132,561
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$1,544,033
Mission and Program Overview

Mission

Endowment for support of abilene christian university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$33,795,667$30,452,285▼ $3,343,382
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$33,795,667$30,452,285▼ $3,343,382
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$33,795,667$30,452,285▼ $3,343,382
Total Net Assets Fund Balance$33,795,667$30,452,285▼ $3,343,382
Total Liabilities and Net Assets / Fund Balance$33,795,667$30,452,285▼ $3,343,382

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$33,795,667-▼ $1,804,489-$30,452,285
2014$33,560,093-▲ $1,752,495-$33,795,667
2013$31,379,236-▲ $3,684,952-$33,560,093
2012$29,979,354-▲ $2,900,559-$31,379,236
2011$32,137,103-▼ $621,749-$29,979,354
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Abilene Christian UniversityTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$411,472
Other Revenue
$0
Change in Net Assets
$-1,132,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$411,472
Total Revenue per Audited Statements
$411,472
Total Revenue per Form 990
$411,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,538,893
Other Expenses$5,140
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,538,893--$1,538,893
Fees for Services Accounting-$5,140-$5,140
Total Functional Expenses$1,538,893$5,140$0$1,544,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,544,033
Expenses Not Reported on Financial Statements$1,538,893
Other Expense Adjustments$1,538,893
Expenses per Audited Statements$5,140
Total Expenses per Audited Statements$5,140
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Christian UniversityAbilene, TX501(c)(3)Education$1,538,893
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-
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

“The 990 is reviewed by appropriate members of the trustee organization.”

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

“Information is requested, updated, and reviewed annually.”

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

“The trust had no compensation for the current year.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The trust had no compensation for the current year.”

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

“Made available upon request.”

Filing and Contact Details

Filer

Filer Name
Grace L Woodward Memorial
EIN
75-2700815
Phone
3256742000
Address
Box 29139, Abilene, TX 79699

Signing Officer

Name
Kent Rideout
Title
Officer
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Davis Kinard & Co PC
Address
400 Pine St Ste 600, Abilene, TX 79601
Preparer
Joe Melson CPA
Phone
3256724000
Supplemental Narrative

Financial Statement Notes

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

“Distribution to Beneficiary $1538893”

Raw XML AppendixShowing 400 of 413 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/TotalRevenuePerForm990Amt0411472
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05140
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ABILENE CHRISTIAN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0750851900
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ACU BOX 29120
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ABILENE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079699
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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY APPROPRIATE MEMBERS OF THE TRUSTEE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION IS REQUESTED, UPDATED, AND REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST HAD NO COMPENSATION FOR THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST HAD NO COMPENSATION FOR THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ACIMCO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 29120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1ACU BOX 29120
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IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
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IRS990/TaxableDistributionsInd0false
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IRS990/TotalAssetsEOYAmt030452285
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,452,285
Liabilities
$0
Net assets
$30,452,285
Revenue
$411,472
Expenses
$1,544,033
Net income
-$1,132,561
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$48.0$0.00$48.0$1.40$2.06$0.66
2024Detailed filing. Detailed filing data is available for this year.$46.4$0.00$46.4$1.30$1.98$0.68
2023Detailed filing. Detailed filing data is available for this year.$45.3$0.00$45.3$1.19$1.88$0.69
2022Detailed filing. Detailed filing data is available for this year.$46.3$0.00$46.3$1.10$1.75$0.66
2021Detailed filing. Detailed filing data is available for this year.$45.5$0.00$45.5$0.99$1.64$0.65
2020Detailed filing. Detailed filing data is available for this year.$32.4$0.00$32.4$0.69$1.63$0.94
2019Detailed filing. Detailed filing data is available for this year.$35.6$0.00$35.6$0.73$1.63$0.90
2018Detailed filing. Detailed filing data is available for this year.$37.3$0.00$37.3$0.70$1.56$0.86
2017Detailed filing. Detailed filing data is available for this year.$33.4$0.00$33.4$0.55$1.53$0.98
2016Detailed filing. Detailed filing data is available for this year.$30.5$0.00$30.5$0.41$1.54$1.13
2015Detailed filing. Detailed filing data is available for this year.$33.8$0.00$33.8$0.47$1.52$1.06
2014Detailed filing. Detailed filing data is available for this year.$33.6$0.00$33.6$0.41$1.51$1.10
2013Summary only. Only limited summary data is available for this year.$31.4$0.00$31.4$0.28$1.51$1.23
2012Summary only. Only limited summary data is available for this year.$30.0$0.00$30.0$0.15$1.54$1.38
2011Summary only. Only limited summary data is available for this year.$32.1$0.00$32.1$1.16$1.75$0.59