Civic Intelligence

The Las Colinas Association

EIN 75-6193943 • 501(c)4 • Irving, TX

Profile

To serve as the steward for the las colinas community by creating and maintaining an exceptional environment for members.

Refreshing map…

3838 Teleport BlvdIrving, TX 75039

www.lascolinas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.03x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Net Margin

54th percentile

12%

Higher net margin than 54% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$361,617

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Asset Growth

53rd percentile

5.5%

Faster asset growth than 53% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

2.9%

Faster revenue growth than 33% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$33,638,719

Up $1,740,036 (+5.5%) from 2023

Liabilities

Down

$619,817

Down $472,278 (-43%) from 2023

Net Assets

Up

$33,018,902

Up $2,212,314 (+7.2%) from 2023

Revenue

Up

$18,194,456

Up $519,203 (+2.9%) from 2023

Expenses

Down

$15,982,142

Down $2,725,869 (-15%) from 2023

Net Income

Up

$2,212,314

Up $3,245,072 (+314%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $13,799,566Liabilities 2011: $444,813Net Assets 2011: $13,354,7532011Assets 2012: $14,079,832Liabilities 2012: $1,827,791Net Assets 2012: $12,252,0412012Assets 2013: $15,518,233Liabilities 2013: $1,610,789Net Assets 2013: $13,907,4442013Assets 2014: $17,579,674Liabilities 2014: $2,278,880Net Assets 2014: $15,300,7942014Assets 2015: $20,782,041Liabilities 2015: $3,581,912Net Assets 2015: $17,200,1292015Assets 2016: $21,098,554Liabilities 2016: $2,482,143Net Assets 2016: $18,616,4112016Assets 2017: $23,437,920Liabilities 2017: $2,215,688Net Assets 2017: $21,222,2322017Assets 2018: $25,963,218Liabilities 2018: $2,236,774Net Assets 2018: $23,726,4442018Assets 2019: $26,953,599Liabilities 2019: $299,967Net Assets 2019: $26,653,6322019Assets 2020: $30,230,980Liabilities 2020: $466,112Net Assets 2020: $29,764,8682020Assets 2021: $32,652,078Liabilities 2021: $784,917Net Assets 2021: $31,867,1612021Assets 2022: $32,037,615Liabilities 2022: $271,165Net Assets 2022: $31,766,4502022Assets 2023: $31,898,683Liabilities 2023: $1,092,095Net Assets 2023: $30,806,5882023Assets 2024: $33,638,719Liabilities 2024: $619,817Net Assets 2024: $33,018,9022024

Highlighted filing

2024

Assets$33,638,719
Liabilities$619,817
Net Assets$33,018,902

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,733,1422011Expenses 2012: $8,036,2322012Revenue 2013: $8,526,847Expenses 2013: $7,095,758Net Income 2013: $1,431,0892013Revenue 2014: $8,775,218Expenses 2014: $7,333,162Net Income 2014: $1,442,0562014Revenue 2015: $10,001,940Expenses 2015: $8,047,762Net Income 2015: $1,954,1782015Revenue 2016: $10,700,224Expenses 2016: $9,025,712Net Income 2016: $1,674,5122016Revenue 2017: $11,846,458Expenses 2017: $9,375,160Net Income 2017: $2,471,2982017Revenue 2018: $12,549,341Expenses 2018: $10,059,096Net Income 2018: $2,490,2452018Revenue 2019: $14,143,869Expenses 2019: $10,978,740Net Income 2019: $3,165,1292019Revenue 2020: $15,097,376Expenses 2020: $11,986,140Net Income 2020: $3,111,2362020Revenue 2021: $16,281,459Expenses 2021: $14,179,166Net Income 2021: $2,102,2932021Revenue 2022: $15,548,179Expenses 2022: $15,648,890Net Income 2022: -$100,7112022Revenue 2023: $17,675,253Expenses 2023: $18,708,011Net Income 2023: -$1,032,7582023Revenue 2024: $18,194,456Expenses 2024: $15,982,142Net Income 2024: $2,212,3142024

Highlighted filing

2024

Revenue$18,194,456
Expenses$15,982,142
Net Income$2,212,314

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$0.62$33.0$18.2$16.0$2.21
2023Summary only. Only limited summary data is available for this year.$31.9$1.09$30.8$17.7$18.7$1.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$0.27$31.8$15.5$15.6$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.7$0.78$31.9$16.3$14.2$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$0.47$29.8$15.1$12.0$3.11
2019Summary only. Only limited summary data is available for this year.$27.0$0.30$26.7$14.1$11.0$3.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$2.24$23.7$12.5$10.1$2.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$2.22$21.2$11.8$9.38$2.47
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$2.48$18.6$10.7$9.03$1.67
2015Summary only. Only limited summary data is available for this year.$20.8$3.58$17.2$10.0$8.05$1.95
2014Detailed filing. Detailed filing data is available for this year.$17.6$2.28$15.3$8.78$7.33$1.44
2013Detailed filing. Detailed filing data is available for this year.$15.5$1.61$13.9$8.53$7.10$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$1.83$12.3$8.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.44$13.4$7.73
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$15,548,179
Mission and Program Overview

Mission

"to create and sustain a community of lasting value and presence."

To serve as the steward for the las colinas community by creating and maintaining an exceptional environment for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,842,496$19,928,788▼ $913,708
Land, Buildings, and Equipment, Net$9,774,434$10,761,024▲ $986,590
Accounts Receivable$761,507$756,909▼ $4,598
Cash and Non-Interest-Bearing Accounts$1,030,973$400,452▼ $630,521
Prepaid Expenses and Deferred Charges$242,668$190,442▼ $52,226
Total Assets$32,652,078$32,037,615▼ $614,463
Liabilities
Accounts Payable and Accrued Expenses$784,917$271,165▼ $513,752
Total Liabilities$784,917$271,165▼ $513,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,821,574$31,720,863▼ $100,711
Net Assets With Donor Restrictions$45,587$45,587→ $0
Total Net Assets Fund Balance$31,867,161$31,766,450▼ $100,711
Total Liabilities and Net Assets / Fund Balance$32,652,078$32,037,615▼ $614,463

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,124,116$7,369,357$11,493,473
Buildings$5,531,590$1,128,265$6,659,855
Equipment$162,122$2,429,186$2,591,308
Land$937,279-$937,279
Leasehold Improvements$5,917$3,265$9,182
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Hammond PerotPresident & CEOFT$300,000$33,657$333,657
Lynn C StricklandAssistant TreasurerFT$191,544$17,136$208,680
Jennifer AustinAssistant SecretaryFT$167,761$16,363$184,124
Scott WilsonDirector of Common PropertFT$133,268$16,544$149,812
Velma MartindaleData Base AdminFT$126,185$22,800$148,985
Phil OschnerDirectorFT$126,423$16,341$142,764
James CookDirector of Security ServicesFT$125,945$14,145$140,090
Tim GlassDirectorFT$113,568$3,407$116,975

Board Members and Trustees

NameTitle
Sushil PatelChairman
Danny OpitzVice Chairman
Carl KlinkeBoard Member
Harry LakeBoard Member
Ken ReeseBoard Member
Kenneth GwynSecretary
Barbara McnuttTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AlliedSecurity PatrolPO BOX 828854, Philadelphia, PA 19182-8854$2,022,444
CleanscapesLandscape ServicePO BOX 203070, Austin, TX 78720$1,530,729
Brightview LandscapeLandscape ServicePO BOX 3101-2463, Pasadena, CA 91110-2463$1,309,677
-Tree Trimming Debry Cleanup11160 GOODNIGHT LN, Dallas, TX 75229$151,745
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,771,065
Investment Income
$188,658
Other Revenue
$588,456
Change in Net Assets
$-100,711

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,548,179
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,548,179
Total Revenue per Form 990
$15,548,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,882,141
Salaries, Compensation, and Employee Benefits$4,766,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,183,223$960,240-$3,143,463
All Other Expenses$260,807$832,116-$1,092,923
Depreciation Depletion$602,199$291,299-$893,498
Current Officers, Directors, Trustees, and Key Employees$33,366$693,095-$726,461
Other Expenses$520,973$66,184-$587,157
Other Employee Benefits$464,562$114,038-$578,600
Advertising$416,012$6,263-$422,275
Fees for Services Legal$288,649$97,912-$386,561
Office Expenses$187,719$190,237-$377,956
Payroll Taxes$167,621$92,350-$259,971
Fees for Services Other$38,310$212,368-$250,678
Insurance$69,978$139,925-$209,903
Information Technology-$187,620-$187,620
Occupancy$18,397$136,701-$155,098
Travel$70,582$1,626-$72,208
Pension Plan Contributions$38,621$19,633-$58,254
Fees for Services Accounting-$31,590-$31,590
Conferences and Meetings$19,444$4,742-$24,186
Total Functional Expenses$10,751,909$4,896,981$0$15,648,890

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,648,890
Total Expenses per Audited Statements$15,648,890
Total Expenses per Form 990$15,648,890
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$8,000
Total Nondeductible Lobbying and Political Cost$8,000
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 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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The las colinas association is a membership organization with assessment paying members.

Form 990, Part VI, Section A, Line 7A

The governing body is voted on by the membership at large.

Form 990, Part VI, Section A, Line 7B

Changes to the organizational documents, excluding the bylaws, must be approved by a vote of the membership at large.

Form 990, Part VI, Section B, Line 11B

The finance and investment committee comprising of 3 board members reviews the 990

Form 990, Part VI, Section B, Line 12C

An annual review with employees and directors is conducted regarding the conflict of interests policy and its application.

Form 990, Part VI, Section B, Line 15A

The board of directors is composed of independent members who approve the salary of the president/ceo after review of comparability data. The minutes of the board provide contemporaneous documentation of the efforts. Key employee compensation and other compensation decisions are made by the president of the organization independently.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statement available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
The Las Colinas Association
EIN
75-6193943
Phone
9725412345
Address
3838 TELEPORT BLVD, IRVING, TX 75039

Signing Officer

Name
Hammond J Perot
Title
President & CEO
Phone
9725412345
Signed
2023-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Hammond Perot
Formed
1973
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
55
Volunteers
17

Preparer

Firm
Weaver and Tidwell Llp
Address
499 W SHERIDAN AVE SUITE 2450, OKLAHOMA CITY, OK 73102
Preparer
Kirby Ross
Phone
4055949200
Supplemental Narrative

Additional Explanations

Form 990 Amended Return

This amended return is being filed to correct amounts reported on form 990, part vii, section b. The originally reported amounts are as follows: cleanscapes - $4,463,932 allied - $2,037,174 brightview landscape - $1,207,009 andrew rhodes - $198,210 the corrected amounts are as follows: allied - $2,022,444 cleanscapes - $1,530,729 brightview landscape - $1,309,677 andrew rhodes - $151,745

FORM 990, PART XII, LINE 2C:

The board has responsibility for oversight of the audit and the selection of an independent accountant. The procedures and responsibilities of the board are unchanged from prior periods.

Financial Statement Notes

PART III, LINE 4:

The association owns and is responsible for the maintenance of a statue of ben h. Carpenter, the founder of las colinas, and other works of art on display in public areas. This statue is on public display in founder's park at the intersection of john w. Carpenter freeway and riverside drive.

PART X, LINE 2:

Effective for tax years beginning after december 31, 1994, the association obtained a ruling allowing it to change its tax status to a non-profit organization that is exempt from federal income taxes under section 501(c)(4) of the internal revenue code, as an other than private foundation. The fasb's guidance on accounting for uncertainties in income taxes requires that the association recognize in its financial statements the financial effects of tax positions taken, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. The requirements also provide guidance on measurement, classification, interest and penalties, and disclosure. Tax positions taken related to the association's tax exempt status, unrelated business activities taxable income, and deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by the association would more than likely than not be sustained by examination. Accordingly, the association has not recorded an income tax liability for uncertain tax benefits.

Raw XML AppendixShowing 400 of 600 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0784917
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0271165
IRS990/AccountsReceivableGrp/BOYAmt0761507
IRS990/AccountsReceivableGrp/EOYAmt0756909
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SERVE AS THE STEWARD FOR THE LAS COLINAS COMMUNITY BY CREATING AND MAINTAINING AN EXCEPTIONAL ENVIRONMENT FOR MEMBERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06263
IRS990/AdvertisingGrp/ProgramServicesAmt0416012
IRS990/AdvertisingGrp/TotalAmt0422275
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0832116
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0260807
IRS990/AllOtherExpensesGrp/TotalAmt01092923
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BooksInCareOfDetail/USAddress/CityNm0IRVING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075039
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd01
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0693095
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt033366
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0726461
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04742
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt019444
IRS990/ConferencesMeetingsGrp/TotalAmt024186
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt02022444
IRS990/ContractorCompensationGrp/CompensationAmt11530729
IRS990/ContractorCompensationGrp/CompensationAmt21309677
IRS990/ContractorCompensationGrp/CompensationAmt3151745
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 203070
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt311160 GOODNIGHT LN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PHILADELPHIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1AUSTIN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2PASADENA
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IRS990/ContractorCompensationGrp/ContractorName/PersonNm0ANDREW RHODES
IRS990/ContractorCompensationGrp/ServicesDesc0SECURITY PATROL
IRS990/ContractorCompensationGrp/ServicesDesc1LANDSCAPE SERVICE
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IRS990/CreditCounselingInd00
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IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0188658
IRS990/CYOtherExpensesAmt010882141
IRS990/CYOtherRevenueAmt0588456
IRS990/CYProgramServiceRevenueAmt014771065
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IRS990/CYSalariesCompEmpBnftPaidAmt04766749
IRS990/CYTotalExpensesAmt015648890
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DepreciationDepletionGrp/TotalAmt0893498
IRS990/Desc0COMMON PROPERTY - MAINTAINS PUBLIC PARKS AND GREEN BELTS; MAINTAINS LANDSCAPING OF AND CONTROLS LITTER IN THE STREETS, MEDIANS, CONTIGUOUS OPEN SPACES, AND RIGHTS-OF-WAY.
IRS990/DescribedInSection501c3Ind00
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IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt097912
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0288649
IRS990/FeesForServicesLegalGrp/TotalAmt0386561
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0212368
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt038310
IRS990/FeesForServicesOtherGrp/TotalAmt0250678
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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