Civic Intelligence

Big Spring Industrial Foundation

990 • Fiscal year 2019 • EIN 75-6035810

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 23, 2020

Organization ProfileN/A
PO Box 3191Big Spring, TX 79721

(432) 264-2156

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.00x

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

47%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

34th percentile

0.9%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-51%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$1,805,303

Up $16,201 (+0.9%) from 2018

Net Assets

Up

$1,805,303

Up $19,356 (+1.1%) from 2018

Liabilities

Down

$0

Down $3,155 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin97th percentile

Revenue

Down

$41,390

Down $43,706 (-51%) from 2018

Expenses

Down

$22,034

Down $2,166 (-9.0%) from 2018

Net Income

Down

$19,356

Down $41,540 (-68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,463,308Liabilities 2010: $30,000Net Assets 2010: $1,433,3082010Assets 2011: $1,475,103Liabilities 2011: $30,000Net Assets 2011: $1,445,1032011Assets 2012: $1,478,251Liabilities 2012: $30,000Net Assets 2012: $1,448,2512012Assets 2013: $1,593,463Liabilities 2013: $30,000Net Assets 2013: $1,563,4632013Assets 2014: $1,621,445Liabilities 2014: $3,155Net Assets 2014: $1,618,2902014Assets 2015: $1,631,255Liabilities 2015: $3,155Net Assets 2015: $1,628,1002015Assets 2016: $1,647,043Liabilities 2016: $3,155Net Assets 2016: $1,643,8882016Assets 2017: $1,728,207Liabilities 2017: $3,155Net Assets 2017: $1,725,0522017Assets 2018: $1,789,102Liabilities 2018: $3,155Net Assets 2018: $1,785,9472018Assets 2019: $1,805,303Liabilities 2019: $0Net Assets 2019: $1,805,3032019Assets 2020: $1,814,072Liabilities 2020: $0Net Assets 2020: $1,814,0722020Assets 2021: $1,825,109Liabilities 2021: $0Net Assets 2021: $1,825,1092021Assets 2022: $1,836,127Liabilities 2022: $0Net Assets 2022: $1,836,1272022Assets 2023: $2,081,775Liabilities 2023: $0Net Assets 2023: $2,081,7752023Assets 2024: $2,171,073Liabilities 2024: $0Net Assets 2024: $2,171,0732024

Highlighted filing

2019

Assets$1,805,303
Liabilities$0
Net Assets$1,805,303
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

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

$300K$200K$100K$0Expenses 2010: $14,9222010Expenses 2011: $20,8952011Expenses 2012: $20,8542012Revenue 2013: $136,352Expenses 2013: $21,140Net Income 2013: $115,2122013Revenue 2014: $48,428Expenses 2014: $20,447Net Income 2014: $27,9812014Revenue 2015: $30,016Expenses 2015: $20,206Net Income 2015: $9,8102015Revenue 2016: $35,164Expenses 2016: $19,376Net Income 2016: $15,7882016Revenue 2017: $100,530Expenses 2017: $19,366Net Income 2017: $81,1642017Revenue 2018: $85,096Expenses 2018: $24,200Net Income 2018: $60,8962018Revenue 2019: $41,390Expenses 2019: $22,034Net Income 2019: $19,3562019Revenue 2020: $31,396Expenses 2020: $22,627Net Income 2020: $8,7692020Revenue 2021: $33,403Expenses 2021: $22,366Net Income 2021: $11,0372021Revenue 2022: $33,469Expenses 2022: $22,451Net Income 2022: $11,0182022Revenue 2023: $287,875Expenses 2023: $42,227Net Income 2023: $245,6482023Revenue 2024: $117,230Expenses 2024: $27,932Net Income 2024: $89,2982024

Highlighted filing

2019

Revenue$41,390
Expenses$22,034
Net Income$19,356
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 23, 2020
Return Version
2019v5.0
Gross Receipts
$41,390
Mission and Program Overview

Mission

Industrial Development for the City of Big Spring and Howard County, Texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,785,947$1,805,303▲ $19,356
Savings and Temporary Cash Investments$1,500,025$1,500,025→ $0
Cash and Non-Interest-Bearing Accounts$285,922$305,278▲ $19,356
Land, Buildings, and Equipment, Net$3,155$0▼ $3,155
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 Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,789,102$1,805,303▲ $16,201
Other Assets Total-$0-
Liabilities
Other Liabilities$3,155--
Total Liabilities$3,155$0▼ $3,155
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,785,947$1,805,303▲ $19,356
Total Liabilities and Net Assets / Fund Balance$1,789,102$1,805,303▲ $16,201
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Richard SteelPresident
Bill Pollard JrDirector
Don ReynoldsDirector
Robert PattersonDirector
Debra ValVerdeSecretary
Leslie Elrod-HobbsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$41,390
Other Revenue
$0
Change in Net Assets
$19,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$18,000--$18,000
Fees for Services Accounting$1,295--$1,295
Other Expenses$799--$799
Office Expenses$46--$46
Total Functional Expenses$22,034$0$0$22,034
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
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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 11B: Form 990 Review Process

“The President reviews the 990 with the Board before filing.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Big Spring Industrial Foundation
EIN
75-6035810
Address
PO Box 3191, Big Spring, TX 79721

Signing Officer

Name
Richard Steel
Title
President
Signed
2020-11-23
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Mark L Morgan CPA
Address
611 S Main St, Big Spring, TX 79720
Preparer
Mark L Morgan
Phone
4322638481
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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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ReturnHeader/Filer/USAddress/ZIPCd079721
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751932741
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mark L Morgan CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0611 S Main St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Big Spring
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079720
ReturnHeader/PreparerPersonGrp/PhoneNum04322638481
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark L Morgan
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-23T13:25:14-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,805,303
Liabilities
$0
Net assets
$1,805,303
Revenue
$41,390
Expenses
$22,034
Net income
$19,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.12$0.03$0.09
2023Summary only. Only limited summary data is available for this year.$2.08$0.00$2.08$0.29$0.04$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.03$0.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.00$1.83$0.03$0.02$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.00$1.81$0.03$0.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.04$0.02$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.00$1.79$0.09$0.02$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.00$1.73$0.10$0.02$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.00$1.64$0.04$0.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.03$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.05$0.02$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.59$0.03$1.56$0.14$0.02$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.03$1.45$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.03$1.45$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.03$1.43$0.01