Civic Intelligence

Lufkin Industries Foundation

990 • Fiscal year 2013 • EIN 75-6053064

Jan 01, 2013 to Dec 31, 2013 • Filed on May 15, 2014

Organization ProfileN/A
601 South Raguet StreetLufkin, TX 75904

(936) 637-5400

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

78th percentile

0.91x

Higher debt load relative to revenue than 78% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$1,759,692

Up $549,428 (+45%) from 2012

Net Assets

Up

$1,275,092

Up $385,428 (+43%) from 2012

Liabilities

Up

$484,600

Up $164,000 (+51%) from 2012

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin71st percentile

Revenue

$534,382

No earlier filing loaded for comparison.

Expenses

Up

$427,360

Up $115,911 (+37%) from 2012

Net Income

$107,022

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $829,119Liabilities 2010: $435,600Net Assets 2010: $393,5192010Assets 2011: $875,812Liabilities 2011: $413,600Net Assets 2011: $462,2122011Assets 2012: $1,210,264Liabilities 2012: $320,600Net Assets 2012: $889,6642012Assets 2013: $1,759,692Liabilities 2013: $484,600Net Assets 2013: $1,275,0922013Assets 2014: $1,951,374Liabilities 2014: $490,600Net Assets 2014: $1,460,7742014Assets 2015: $1,879,680Liabilities 2015: $476,600Net Assets 2015: $1,403,0802015Assets 2016: $1,895,254Liabilities 2016: $373,600Net Assets 2016: $1,521,6542016Assets 2017: $2,088,959Liabilities 2017: $277,600Net Assets 2017: $1,811,3592017Assets 2018: $1,967,074Liabilities 2018: $197,000Net Assets 2018: $1,770,0742018Assets 2019: $2,227,702Liabilities 2019: $146,000Net Assets 2019: $2,081,7022019Assets 2020: $2,485,476Liabilities 2020: $195,000Net Assets 2020: $2,290,4762020Assets 2021: $2,664,296Liabilities 2021: $170,250Net Assets 2021: $2,494,0462021Assets 2022: $2,120,605Liabilities 2022: $82,200Net Assets 2022: $2,038,4052022Assets 2023: $2,427,665Liabilities 2023: $124,204Net Assets 2023: $2,303,4612023Assets 2024: $2,703,527Liabilities 2024: $107,917Net Assets 2024: $2,595,6102024

Highlighted filing

2013

Assets$1,759,692
Liabilities$484,600
Net Assets$1,275,092
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2010: $332,8602010Expenses 2011: $334,5382011Expenses 2012: $311,4492012Revenue 2013: $534,382Expenses 2013: $427,360Net Income 2013: $107,0222013Revenue 2014: $401,384Expenses 2014: $412,398Net Income 2014: -$11,0142014Revenue 2015: $202,670Expenses 2015: $345,687Net Income 2015: -$143,0172015Revenue 2016: $136,233Expenses 2016: $181,449Net Income 2016: -$45,2162016Revenue 2017: $261,734Expenses 2017: $148,802Net Income 2017: $112,9322017Revenue 2018: $206,727Expenses 2018: $114,832Net Income 2018: $91,8952018Revenue 2019: $146,404Expenses 2019: $103,216Net Income 2019: $43,1882019Revenue 2020: $114,903Expenses 2020: $152,345Net Income 2020: -$37,4422020Revenue 2021: $167,789Expenses 2021: $131,057Net Income 2021: $36,7322021Revenue 2022: $81,422Expenses 2022: $70,564Net Income 2022: $10,8582022Revenue 2023: $110,778Expenses 2023: $151,216Net Income 2023: -$40,4382023Revenue 2024: $180,198Expenses 2024: $83,463Net Income 2024: $96,7352024

Highlighted filing

2013

Revenue$534,382
Expenses$427,360
Net Income$107,022
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 15, 2014
Return Version
2013v3.1
Gross Receipts
$534,382
Mission and Program Overview

Mission

To grant scholarships to dependent children of Lufkin Industries employees and retirees.

To grant scholarships to the dependent children of employees or retirees in good standing with Lufkin Industries, Inc. who meet the qualifications for admission to Colleges, Junior Colleges or Universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$803,485$1,308,677▲ $505,192
Rtn Earn Endowment Incm Other Fnds$889,664$1,275,092▲ $385,428
Cash and Non-Interest-Bearing Accounts$406,779$451,015▲ $44,236
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 Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,210,264$1,759,692▲ $549,428
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$320,600$484,600▲ $164,000
Total Liabilities$320,600$484,600▲ $164,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$889,664$1,275,092▲ $385,428
Total Liabilities and Net Assets / Fund Balance$1,210,264$1,759,692▲ $549,428
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Brian GiffordPresident
Andy ModisetteTrustee
Christina PeavyTrustee
Larry ThigpenTrustee
Mary JacksonTrustee
Scott SemlingerTrustee
Susan FeltsTrustee
Christopher Booneformer s/t
Melinda Mooresec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$401,697
Program Service Revenue
$0
Investment Income
$51,433
Other Revenue
$81,252
All Other Contributions
$401,697
Change in Net Assets
$107,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$426,000
Other Expenses$1,360
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$426,000--$426,000
Fees for Services Accounting-$750-$750
Other Expenses-$296-$296
Total Functional Expenses$426,000$1,360$0$427,360
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
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 11B: Form 990 Review Process

“The 990 will be reviewed by the officers of the foundation prior to filing the return.”

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

“All governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
75-6053064
Phone
9366375400

Signing Officer

Name
Melinda Moore
Title
Sec./Treasurer
Signed
2014-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Ronnie Herrington CPA
Phone
9368753317
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“2013 scholarships forfeited = $125000”

Raw XML Appendix371 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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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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0426000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0educational scholarships
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0schedule i, part i, line 2: scholarships awarded are paid directly to the college, junior college, or university biannually and not to the individual applicants.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 will be reviewed by the officers of the foundation prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22013 scholarships forfeited = $125000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01210264
IRS990/TotalAssetsEOYAmt01759692
IRS990/TotalAssetsGrp/BOYAmt01210264
IRS990/TotalAssetsGrp/EOYAmt01759692
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0401697
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01360
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0426000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0427360
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0320600
IRS990/TotalLiabilitiesEOYAmt0484600
IRS990/TotalLiabilitiesGrp/BOYAmt0320600
IRS990/TotalLiabilitiesGrp/EOYAmt0484600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0889664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01275092
IRS990/TotalProgramServiceExpensesAmt0426000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0132685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0534382
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01210264
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01759692
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melinda Moore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec./Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10Lufkin Industries Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LUFK
ReturnHeader/Filer/EIN0756053064
ReturnHeader/Filer/PhoneNum09366375400
ReturnHeader/Filer/USAddress/AddressLine10601 South Raguet Street
ReturnHeader/Filer/USAddress/City0Lufkin
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode075904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Goff & Herrington PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO Box 153320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Lufkin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode075915
ReturnHeader/PreparerPersonGrp/PhoneNum09368753317
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronnie Herrington CPA
ReturnHeader/ReturnTs02014-05-15T14:10:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,759,692
Liabilities
$484,600
Net assets
$1,275,092
Revenue
$534,382
Expenses
$427,360
Net income
$107,022
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.11$2.60$0.18$0.08$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.12$2.30$0.11$0.15$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.12$0.08$2.04$0.08$0.07$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.66$0.17$2.49$0.17$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.20$2.29$0.11$0.15$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.23$0.15$2.08$0.15$0.10$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.20$1.77$0.21$0.11$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.28$1.81$0.26$0.15$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.37$1.52$0.14$0.18$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.88$0.48$1.40$0.20$0.35$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.49$1.46$0.40$0.41$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.76$0.48$1.28$0.53$0.43$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.32$0.89$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.41$0.46$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.44$0.39$0.33