Civic Intelligence

Accelerate Dfw Foundation Inc.

990 • Fiscal year 2015 • EIN 75-2824925

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 20, 2016

Organization ProfileWWW.FWBAC.COM
1150 South FreewayFort Worth, TX 76104

(817) 212-2665

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

87th percentile

65%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$297,689

Up $117,112 (+65%) from 2014

Net Assets

Up

$290,796

Up $116,355 (+67%) from 2014

Liabilities

Up

$6,893

Up $757 (+12%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin84th percentile

Revenue

Up

$380,694

Up $92,941 (+32%) from 2014

Expenses

Down

$264,339

Down $50,276 (-16%) from 2014

Net Income

Up

$116,355

Up $143,217 (+533%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$400K$300K$200K$100K$0Assets 2011: $95,879Liabilities 2011: $0Net Assets 2011: $95,8792011Assets 2012: $121,858Liabilities 2012: $0Net Assets 2012: $121,8582012Assets 2013: $201,303Liabilities 2013: $0Net Assets 2013: $201,3032013Assets 2014: $180,577Liabilities 2014: $6,136Net Assets 2014: $174,4412014Assets 2015: $297,689Liabilities 2015: $6,893Net Assets 2015: $290,7962015Assets 2016: $293,833Liabilities 2016: $7,317Net Assets 2016: $286,5162016Assets 2017: $339,119Liabilities 2017: $3,500Net Assets 2017: $335,6192017Assets 2019: $168,283Liabilities 2019: $7,771Net Assets 2019: $160,5122019Assets 2020: $109,367Liabilities 2020: $23,932Net Assets 2020: $85,4352020Assets 2021: $80,796Liabilities 2021: $7,017Net Assets 2021: $73,7792021Assets 2022: $80,641Liabilities 2022: $7,685Net Assets 2022: $72,9562022Assets 2023: $87,482Liabilities 2023: $11,630Net Assets 2023: $75,8522023Assets 2024: $33,964Liabilities 2024: $7,177Net Assets 2024: $26,7872024

Highlighted filing

2015

Assets$297,689
Liabilities$6,893
Net Assets$290,796
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $125,8772011Expenses 2012: $41,9892012Expenses 2013: $161,2042013Revenue 2014: $287,753Expenses 2014: $314,615Net Income 2014: -$26,8622014Revenue 2015: $380,694Expenses 2015: $264,339Net Income 2015: $116,3552015Revenue 2016: $331,308Expenses 2016: $335,588Net Income 2016: -$4,2802016Revenue 2017: $316,750Expenses 2017: $267,647Net Income 2017: $49,1032017Revenue 2019: $437,289Expenses 2019: $487,483Net Income 2019: -$50,1942019Revenue 2020: $156,012Expenses 2020: $231,089Net Income 2020: -$75,0772020Revenue 2021: $92,734Expenses 2021: $104,390Net Income 2021: -$11,6562021Revenue 2022: $186,996Expenses 2022: $187,819Net Income 2022: -$8232022Revenue 2023: $210,915Expenses 2023: $208,019Net Income 2023: $2,8962023Revenue 2024: $85,394Expenses 2024: $134,459Net Income 2024: -$49,0652024

Highlighted filing

2015

Revenue$380,694
Expenses$264,339
Net Income$116,355
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 20, 2016
Return Version
2014v6.0
Gross Receipts
$380,694
Mission and Program Overview

Mission

To support the activities of the fort worth business assistance center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$158,302$280,364▲ $122,062
Land, Buildings, and Equipment, Net$22,275$17,325▼ $4,950
Total Assets$180,577$297,689▲ $117,112
Liabilities
Accounts Payable and Accrued Expenses$6,136$6,893▲ $757
Total Liabilities$6,136$6,893▲ $757
Net Assets / Fund Balance
Unrestricted Net Assets$174,441$290,796▲ $116,355
Total Net Assets Fund Balance$174,441$290,796▲ $116,355
Total Liabilities and Net Assets / Fund Balance$180,577$297,689▲ $117,112

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,325$7,425$24,750
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Lucas SawyerChairman
Ed RiefenstahlVice Chair
Bennibi LaoBoard Member
Gwen BarbeeBoard Member
Jason PutnamBoard Member
Jeremy DeanBoard Member
Jim TanksleyBoard Member
Marc RichardsBoard Member
Sydney HewlettBoard Member
William GironBoard Member
Robert SturnsFoundation Mgr
Tamela ThorntonSec
Alberto RiosTreas
Revenue and Support

Revenue Composition

Contributions and Grants
$380,688
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$0
All Other Contributions
$255,688
Change in Net Assets
$116,355

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$72,382Fair Market Value (FMV)
Total Noncash Contributions$72,382-

Audited Revenue Reconciliation

Revenue per Audited Statements
$380,694
Total Revenue per Audited Statements
$380,694
Total Revenue per Form 990
$380,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$212,240
Salaries, Compensation, and Employee Benefits$52,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$84,382--$84,382
Other Salaries and Wages$52,099--$52,099
Advertising$7,032--$7,032
Depreciation Depletion$4,950--$4,950
Conferences and Meetings$4,419--$4,419
Office Expenses$3,650--$3,650
All Other Expenses$3,526--$3,526
Insurance$1,599--$1,599
Total Functional Expenses$264,339$0$0$264,339

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$264,339
Total Expenses per Audited Statements$264,339
Total Expenses per Form 990$264,339
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The foundation provides a copy of the form 990 to all members of its governing body.”

Conflict of interest policy compliance Part VI line 12C

“The foundations board continually monitors and enforces all conflict of interest policies.”

Governing documents etc available to public Part VI line 19

“Governing documents are made available as required.”

Filing and Contact Details

Filer

Filer Name
Bac Education Foundation Inc
EIN
75-2824925
Address
1150 SOUTH FREEWAY, FORT WORTH, TX 76104

Signing Officer

Name
Robert Sturns
Title
Foundation Mana
Phone
8172122665
Signed
2016-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Sturns
Formed
1999
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
Wood Stephens & Oneilllp
Address
6300 RIDGLEA PLACE SUITE 318, FORT WORTH, TX 76116
Preparer
Hal Oneil CPA
Phone
8173771700
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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0287753
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0240649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt067968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0141231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01118289
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79630
IRS990ScheduleA/PublicSupportPY170Pct00.83000
IRS990ScheduleA/PublicSupportTotal170Amt0890525
IRS990ScheduleA/SubstantialContributorsTotAmt0227764
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0380688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0287753
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0240649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt067968
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0141231
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01118289
IRS990ScheduleA/TotalSupportAmt01118289
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt017325
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024750
IRS990ScheduleD/ExpensesSubtotalAmt0264339
IRS990ScheduleD/RevenueSubtotalAmt0380694
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017325
IRS990ScheduleD/TotalExpensesPerForm990Amt0264339
IRS990ScheduleD/TotalRevenuePerForm990Amt0380694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0380694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0264339
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt072382
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES A COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATIONS BOARD CONTINUALLY MONITORS AND ENFORCES ALL CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE AS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0180577
IRS990/TotalAssetsEOYAmt0297689
IRS990/TotalAssetsGrp/BOYAmt0180577
IRS990/TotalAssetsGrp/EOYAmt0297689
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0380688
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264339
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06136
IRS990/TotalLiabilitiesEOYAmt06893
IRS990/TotalLiabilitiesGrp/BOYAmt06136
IRS990/TotalLiabilitiesGrp/EOYAmt06893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0174441
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0290796
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0264339
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0380694
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180577
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0297689
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0174441
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0290796
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.FWBAC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT STURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDATION MANA
ReturnHeader/BusinessOfficerGrp/PhoneNum08172122665
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAC EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BACE
ReturnHeader/Filer/EIN0752824925
ReturnHeader/Filer/USAddress/AddressLine1Txt01150 SOUTH FREEWAY
ReturnHeader/Filer/USAddress/CityNm0FORT WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750738588
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOOD STEPHENS & ONEILLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06300 RIDGLEA PLACE SUITE 318
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076116
ReturnHeader/PreparerPersonGrp/PhoneNum08173771700
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HAL ONEIL CPA
ReturnHeader/ReturnTs02016-01-25T18:34:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,689
Liabilities
$6,893
Net assets
$290,796
Revenue
$380,694
Expenses
$264,339
Net income
$116,355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.07$0.27$0.85$1.34$0.49
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.12$0.76$2.11$2.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.08$0.73$1.87$1.88$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.07$0.74$0.93$1.04$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.24$0.85$1.56$2.31$0.75
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.08$1.61$4.37$4.87$0.50
2017Detailed filing. Detailed filing data is available for this year.$3.39$0.04$3.36$3.17$2.68$0.49
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.07$2.87$3.31$3.36$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.98$0.07$2.91$3.81$2.64$1.16
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.06$1.74$2.88$3.15$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.00$2.01$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$1.26