Civic Intelligence

Lufkin Industries Foundation

990 • Fiscal year 2016 • EIN 75-6053064

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 30, 2017

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

65th percentile

0.20x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.74x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

45th percentile

0.8%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-33%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,895,254

Up $15,574 (+0.8%) from 2015

Net Assets

Up

$1,521,654

Up $118,574 (+8.5%) from 2015

Liabilities

Down

$373,600

Down $103,000 (-22%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin8th percentile

Revenue

Down

$136,233

Down $66,437 (-33%) from 2015

Expenses

Down

$181,449

Down $164,238 (-48%) from 2015

Net Income

Up

-$45,216

Up $97,801 (+68%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2016

Assets$1,895,254
Liabilities$373,600
Net Assets$1,521,654
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

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

2016

Revenue$136,233
Expenses$181,449
Net Income-$45,216
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$136,233
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
Rtn Earn Endowment Incm Other Fnds$1,403,080$1,521,654▲ $118,574
Investments in Publicly Traded Securities$1,378,400$1,484,272▲ $105,872
Cash and Non-Interest-Bearing Accounts$501,280$410,982▼ $90,298
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$1,879,680$1,895,254▲ $15,574
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$476,600$373,600▼ $103,000
Total Liabilities$476,600$373,600▼ $103,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,403,080$1,521,654▲ $118,574
Total Liabilities and Net Assets / Fund Balance$1,879,680$1,895,254▲ $15,574
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Tim StacyPresident
Andy ModisetteTrustee
Bob SittonTrustee
Carlos TovarTrustee
John HavardTrustee
Mary JacksonTrustee
Melinda MooreTrustee
Stephen ConwayTrustee
Susan FeltsTrustee
Tina PeavyTrustee
Beverly SelmanSecretary
JoAnn TylerSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$66,034
Program Service Revenue
$0
Investment Income
$52,365
Other Revenue
$17,834
All Other Contributions
$66,034
Change in Net Assets
$-45,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$176,000
Other Expenses$5,449
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$176,000--$176,000
Fees for Services Accounting-$750-$750
Other Expenses-$48-$48
Total Functional Expenses$176,000$5,449$0$181,449
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

Filer Name
Lufkin Industries Foundation
EIN
75-6053064
Phone
9366375400
Address
601 South Raguet Street, Lufkin, TX 75904

Signing Officer

Name
Melinda Moore
Title
Sec./Treasurer
Signed
2017-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
9
Employees
0

Preparer

Firm
Goff & Herrington PC
Address
PO Box 153320, Lufkin, TX 75915
Preparer
Ronnie Herrington CPA
Phone
9368753317
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“2016 Scholarships Foreited = $110000”

Raw XML Appendix397 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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IRS990/OtherRevenueMiscGrp/BusinessCd0722210
IRS990/OtherRevenueMiscGrp/Desc0Concession commissions
IRS990/OtherRevenueMiscGrp/ExclusionAmt017834
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017834
IRS990/OtherRevenueTotalAmt017834
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt079857
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0338000
IRS990/PYInvestmentIncomeAmt072214
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07687
IRS990/PYOtherRevenueAmt050599
IRS990/PYRevenuesLessExpensesAmt0-143017
IRS990/PYTotalExpensesAmt0345687
IRS990/PYTotalRevenueAmt0202670
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-45216
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01403080
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01521654
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/CashGrantAmt0176000
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/ExplanationTxt22016 Scholarships Foreited = $110000
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/TotalAssetsBOYAmt01879680
IRS990/TotalAssetsEOYAmt01895254
IRS990/TotalAssetsGrp/BOYAmt01879680
IRS990/TotalAssetsGrp/EOYAmt01895254
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt066034
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05449
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0181449
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0476600
IRS990/TotalLiabilitiesEOYAmt0373600
IRS990/TotalLiabilitiesGrp/BOYAmt0476600
IRS990/TotalLiabilitiesGrp/EOYAmt0373600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01403080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01521654
IRS990/TotalProgramServiceExpensesAmt0176000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt070199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136233
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01879680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01895254
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melinda Moore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec./Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lufkin Industries Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LUFK
ReturnHeader/Filer/EIN0756053064
ReturnHeader/Filer/PhoneNum09366375400
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 South Raguet Street
ReturnHeader/Filer/USAddress/CityNm0Lufkin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Goff & Herrington PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 153320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lufkin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075915
ReturnHeader/PreparerPersonGrp/PhoneNum09368753317
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronnie Herrington CPA
ReturnHeader/ReturnTs02017-10-30T12:08:41-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,895,254
Liabilities
$373,600
Net assets
$1,521,654
Revenue
$136,233
Expenses
$181,449
Net income
-$45,216
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