Civic Intelligence

Tarrant County Association for the Blind Endowment Trust

EIN 75-6330098 • 501(c)3 • Fort Worth, TX

Profile

This irrevocable trust was organized to be operated as an endowment fund for the benefit of tarrant county assocation for the blind.

912 West Broadway AvenueFort Worth, TX 76104

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-3046%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$244,828

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 76.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $9,385,552 (-100%) from 2013

Liabilities

Down

$0

Down $1,023 (-100%) from 2013

Net Assets

Down

$0

Down $9,384,529 (-100%) from 2013

Revenue

Down

$320,564

Down $1,638,334 (-84%) from 2013

Expenses

Up

$10,085,685

Up $9,669,940 (+2326%) from 2013

Net Income

Down

-$9,765,121

Down $11,308,274 (-733%) from 2013

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $7,674,738Liabilities 2010: $0Net Assets 2010: $7,674,7382010Assets 2011: $7,697,647Liabilities 2011: $0Net Assets 2011: $7,697,6472011Assets 2012: $8,498,789Liabilities 2012: $0Net Assets 2012: $8,498,7892012Assets 2013: $9,385,552Liabilities 2013: $1,023Net Assets 2013: $9,384,5292013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $75,9092010Expenses 2011: $135,2202011Revenue 2012: $356,846Expenses 2012: $418,150Net Income 2012: -$61,3042012Revenue 2013: $1,958,898Expenses 2013: $415,745Net Income 2013: $1,543,1532013Revenue 2014: $320,564Expenses 2014: $10,085,685Net Income 2014: -$9,765,1212014

Highlighted filing

2014

Revenue$320,564
Expenses$10,085,685
Net Income-$9,765,121

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,322,600
Mission and Program Overview

Mission

This irrevocable trust was organized to be operated as an endowment fund for the benefit of tarrant county assocation for the blind.

This irrevocable trust was organized to be operated as an endowment fund for the benefit of Tarrant County Association of the Blind.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,297,648$0▼ $9,297,648
Cash and Non-Interest-Bearing Accounts$57,770$0▼ $57,770
Accounts Receivable$14,682$0▼ $14,682
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$9,385,552$0▼ $9,385,552
Other Assets Total$15,452$0▼ $15,452
Liabilities
Accounts Payable and Accrued Expenses$1,023$0▼ $1,023
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,023$0▼ $1,023
Net Assets / Fund Balance
Permanently Rstr Net Assets$9,132,757$0▼ $9,132,757
Temporarily Rstr Net Assets$251,772$0▼ $251,772
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$9,384,529$0▼ $9,384,529
Total Liabilities and Net Assets / Fund Balance$9,385,552$0▼ $9,385,552

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$8,498,789$4,788▲ $1,296,698$415,746$9,384,529
2012$8,132,760$2,811▲ $781,368$418,150$8,498,789
2011$7,697,647$1,415▲ $455,557$21,859$8,132,760
2010$7,674,738$39,253▲ $118,876$135,220$7,697,647
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Charles D LittleChairman
Dr Shannon ShipTrustee
Kevin BrownTrustee
Lee M SmithTrustee
Platt Allen IIIEx-Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$2,064
Program Service Revenue
$0
Investment Income
$318,500
Other Revenue
$0
All Other Contributions
$2,064
Change in Net Assets
$-9,765,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$320,564
Revenue Not Reported on Form 990
$4,857,781
Total Revenue per Audited Statements
$5,178,345
Total Revenue per Form 990
$320,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,062,545
Other Expenses$23,140
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,062,545--$10,062,545
Fees for Service Investment Mgmnt Fees-$23,140-$23,140
Total Functional Expenses$10,062,545$23,140$0$10,085,685

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,085,685
Total Expenses per Form 990$10,085,685
Total Expenses per Audited Statements$5,889,701
Expenses Not Reported on Form 990$-4,195,984
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tarr cnty assoc for the blind end fund incfort worth, TX501(c)(3)Transfer funds to new organization$297,724
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The form 990 is prepared by an independent accounting firm. When completed, the Chairman of the Board and the president reviews the contents before being filed.

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

Each officer, director and trustee is required to complete a conflict of interest policy form identifying any potential conflicts. Any potential conflicts are investigated and mitigated by the executive committee.

Form 990, Part VI, Section C, Line 19

The organization provides its governing documents, conflict of interest policy and financial information to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Tarrant County Association for the Blind
EIN
75-6330098
In Care Of
% PATRICK MONAGHAN
Phone
8173323341
Address
912 West Broadway Avenue, Fort Worth, TX 76104

Signing Officer

Name
Platt L Allen Iii
Title
President/CEO
Phone
8173323341
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Platt L Allen III
Formed
1985
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Bdo USA Llp
Address
6050 Southwest Blvd Suite 300, Fort Worth, TX 76109
Preparer
Jamie Eversole
Phone
8177382400
Supplemental Narrative

Financial Statement Notes

Use of Endowment Funds

The endowment fund provides support to the community service programs.

Consolidated Revenue with Eliminations

Revenue from Consolidating Entity $ 14,882,660. ELIMINATION FROM CONSOLIDATING ENTITY ($10,405,471.) -------------- Total $ 4,477,189.

Consolidated Expenses with Eliminations

Expenses from Consolidating Entity $ 6,209,487. ELIMINATION from Consolidating Entity ($10,405,471.) -------------- Total ($ 4,195,984.)

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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0This is a final return for this organization. All of the assets and
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part V, Sec. D, Line 6 - Other Distributions
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0751228722
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc007
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TARRANT COUNTY ASSOCIATION FOR THE BLIND
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt08498789
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04788
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt09384529
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01296698
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0415746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt08132760
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02811
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt08498789
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0781368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0418150
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07697647
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01415
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt08132760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0455557
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt021859
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07674738
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt039253
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07697647
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0118876
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0135220
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0-4195984
IRS990ScheduleD/ExpensesSubtotalAmt010085685
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0380592
IRS990ScheduleD/OtherExpensesIncludedAmt0-4195984
IRS990ScheduleD/OtherRevenueAmt04477189
IRS990ScheduleD/RevenueNotReportedAmt04857781
IRS990ScheduleD/RevenueSubtotalAmt0320564
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment fund provides support to the community service programs.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue from Consolidating Entity $ 14,882,660. ELIMINATION FROM CONSOLIDATING ENTITY ($10,405,471.) -------------- Total $ 4,477,189.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Expenses from Consolidating Entity $ 6,209,487. ELIMINATION from Consolidating Entity ($10,405,471.) -------------- Total ($ 4,195,984.)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Use of Endowment Funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Consolidated Revenue with Eliminations
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Consolidated Expenses with Eliminations
IRS990ScheduleD/TotalExpensesPerForm990Amt010085685
IRS990ScheduleD/TotalRevenuePerForm990Amt0320564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05178345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05889701
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0297724
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt09765121
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Securities
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Transfer funds to new organization
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Tarr cnty assoc for the blind end fund inc
IRS990ScheduleI/RecipientTable/RecipientEIN0454612865
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0912 w broadway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0fort worth
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076104
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0231732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06388
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06348
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Platt Allen III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Ex-Officio
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0244828
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Cash and securities
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0454612865
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt010062545
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0Tarr Cnty Assoc for blind end fund
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0912 W Broadway
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Fort Worth
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd076104
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0A successor organization was created and all of the assets of this Trust were transferred to the new organizaiton - Tarrant County Association for the Blind Endowment Fund, Inc. This new organization has the same purpose: to support the Tarrant County Association for the Blind.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Many of the directors of the successor organziation will be the same as this organization since it has the same mission and purpose and they are chosen by the supported organization.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Dissolution Statement
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2a
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is prepared by an independent accounting firm. When completed, the Chairman of the Board and the president reviews the contents before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each officer, director and trustee is required to complete a conflict of interest policy form identifying any potential conflicts. Any potential conflicts are investigated and mitigated by the executive committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization provides its governing documents, conflict of interest policy and financial information to the public upon written request.

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