Civic Intelligence

Fotofest Inc.

990 • Fiscal year 2018 • EIN 76-0105267

May 01, 2017 to Apr 30, 2018 • Filed on Mar 13, 2019

2000 Edwards Street Bldg C Ste 2Houston, TX 77007

(713) 223-5522

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.31x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

28th percentile

-4.8%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$97,526

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

64%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$535,829

Up $65,141 (+14%) from 2017

Net Assets

Down

$18,297

Down $79,918 (-81%) from 2017

Liabilities

Up

$517,532

Up $145,059 (+39%) from 2017

Revenue

Up

$1,676,877

Up $655,467 (+64%) from 2017

Expenses

Up

$1,756,795

Up $851,423 (+94%) from 2017

Net Income

Down

-$79,918

Down $195,956 (-169%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $453,833Liabilities 2011: $126,016Net Assets 2011: $327,8172011Assets 2012: $991,206Liabilities 2012: $322,758Net Assets 2012: $668,4482012Assets 2013: $613,360Liabilities 2013: $103,976Net Assets 2013: $509,3842013Assets 2014: $864,670Liabilities 2014: $450,053Net Assets 2014: $414,6172014Assets 2015: $387,543Liabilities 2015: $292,887Net Assets 2015: $94,6562015Assets 2016: $568,204Liabilities 2016: $655,014Net Assets 2016: -$86,8102016Assets 2017: $470,688Liabilities 2017: $372,473Net Assets 2017: $98,2152017Assets 2018: $535,829Liabilities 2018: $517,532Net Assets 2018: $18,2972018Assets 2019: $459,812Liabilities 2019: $247,911Net Assets 2019: $211,9012019Assets 2020: $362,243Liabilities 2020: $436,243Net Assets 2020: -$74,0002020Assets 2021: $914,777Liabilities 2021: $399,606Net Assets 2021: $515,1712021Assets 2022: $1,959,929Liabilities 2022: $269,462Net Assets 2022: $1,690,4672022Assets 2023: $2,383,480Liabilities 2023: $770,858Net Assets 2023: $1,612,6222023Assets 2024: $2,494,228Liabilities 2024: $930,529Net Assets 2024: $1,563,6992024Assets 2025: $2,089,689Liabilities 2025: $538,718Net Assets 2025: $1,550,9712025

Highlighted filing

2018

Assets$535,829
Liabilities$517,532
Net Assets$18,297

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $590,985Expenses 2011: $823,297Net Income 2011: -$232,3122011Revenue 2012: $2,388,397Expenses 2012: $2,047,766Net Income 2012: $340,6312012Revenue 2013: $698,864Expenses 2013: $857,928Net Income 2013: -$159,0642013Revenue 2014: $1,828,300Expenses 2014: $1,922,734Net Income 2014: -$94,4342014Revenue 2015: $687,759Expenses 2015: $1,072,975Net Income 2015: -$385,2162015Revenue 2016: $1,990,546Expenses 2016: $2,171,831Net Income 2016: -$181,2852016Revenue 2017: $1,021,410Expenses 2017: $905,372Net Income 2017: $116,0382017Revenue 2018: $1,676,877Expenses 2018: $1,756,795Net Income 2018: -$79,9182018Revenue 2019: $1,018,430Expenses 2019: $824,656Net Income 2019: $193,7742019Revenue 2020: $1,359,836Expenses 2020: $1,645,490Net Income 2020: -$285,6542020Revenue 2021: $1,397,382Expenses 2021: $809,060Net Income 2021: $588,3222021Revenue 2022: $2,155,129Expenses 2022: $938,158Net Income 2022: $1,216,9712022Revenue 2023: $1,843,742Expenses 2023: $1,674,131Net Income 2023: $169,6112023Revenue 2024: $2,233,940Expenses 2024: $1,768,116Net Income 2024: $465,8242024Revenue 2025: $1,067,068Expenses 2025: $1,170,786Net Income 2025: -$103,7182025

Highlighted filing

2018

Revenue$1,676,877
Expenses$1,756,795
Net Income-$79,918
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Mar 13, 2019
Return Version
2017v2.2
Gross Receipts
$1,684,429
Mission and Program Overview

Mission

To create an international forum for the exchange of photography and ideas. To promote public appreciation of photographic art.

To create an international forum for the exchange of photography and ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$141,190$191,864▲ $50,674
Accounts Receivable$121,073$138,309▲ $17,236
Loans From Officers Directors$154,782$89,297▼ $65,485
Prepaid Expenses and Deferred Charges$2,500$7,250▲ $4,750
Land, Buildings, and Equipment, Net$12,375$4,856▼ $7,519
Savings and Temporary Cash Investments-$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-
Total Assets$470,688$535,829▲ $65,141
Other Assets Total$193,550$193,550→ $0
Liabilities
Accounts Payable and Accrued Expenses$108,023$324,213▲ $216,190
Other Liabilities$109,668$104,022▼ $5,646
Total Liabilities$372,473$517,532▲ $145,059
Net Assets / Fund Balance
Unrestricted Net Assets$22,518--
Temporarily Rstr Net Assets$75,697$18,297▼ $57,400
Total Net Assets Fund Balance$98,215$18,297▼ $79,918
Total Liabilities and Net Assets / Fund Balance$470,688$535,829▲ $65,141

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$356$205,023$205,379
Leasehold Improvements$4,500$30,500$35,000
Other Assets Org$193,550--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven EvansExecutive DirectorFT$85,000$12,526$97,526

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$929,347
Program Service Revenue
$506,750
Investment Income
$15
Other Revenue
$240,765
All Other Contributions
$698,134
Change in Net Assets
$-79,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,676,877
Revenue Not Reported on Form 990
$68,301
Total Revenue per Audited Statements
$1,745,178
Total Revenue per Form 990
$1,676,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,391,065
Salaries, Compensation, and Employee Benefits$365,730
Total Fundraising Expense$121,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$419,510$67,354$48,191$535,055
Travel$242,315$5$6,847$249,167
Other Salaries and Wages$165,752$25,000$14,332$205,084
Office Expenses$47,731$43,955$1,556$93,242
Current Officers, Directors, Trustees, and Key Employees$51,000$17,000$17,000$85,000
Occupancy$30,474$31,298$1,108$62,880
Other Employee Benefits$35,727$7,145$4,764$47,636
Fees for Services Accounting-$37,757-$37,757
Advertising$32,419--$32,419
Payroll Taxes$21,819$5,714$477$28,010
Other Expenses$26,450$1,059$6,599$26,450
Insurance$10,227--$10,227
Interest$3,990$4,098$145$8,233
Depreciation Depletion$3,759$3,759-$7,518
All Other Expenses$5,961$1,221-$7,182
Total Functional Expenses$1,390,377$245,365$121,053$1,756,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,764,347
Expenses per Audited Statements$1,756,795
Total Expenses per Form 990$1,756,795
Expenses Not Reported on Form 990$7,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$245,575
Fundraising Direct Expenses$7,552
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$352,665$240,190$2,573$237,617
Luncheon$15,769$5,385-$5,385
Total Events$368,434$245,575$7,552$238,023
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$154,782$89,297▼ $65,485
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$90,566
Other Liabilities$13,456
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Fred baldwin & wendy watriss are married

Form 990, Part VI, Line 11B: Form 990 Review Process

Return is reviewed by board members.

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

The financial statements are audited by the firm of eepb p.c.

Filing and Contact Details

Filer

Filer Name
Fotofest Inc
EIN
76-0105267
Phone
7132235522
Address
2000 EDWARDS STREET BLDG C STE 2, HOUSTON, TX 77007

Signing Officer

Name
Steven Evans
Title
Executive Director
Signed
2019-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Evans
Formed
1983
Legal Domicile
TX
Voting Board Members
22
Independent Board Members
22
Employees
8
Volunteers
250

Preparer

Firm
Jimmie Pierce CPA PC
Address
601 West Main St, La Porte, TX 77571
Preparer
Jimmie Pierce CPA
Phone
2814717891
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in either the oversight process or the selection process during the tax year.

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

Photography is used as a tool to stimulate students writing, analytic abilities and communication skills.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising event direct costs $7552

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising event direct expenses $7552

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IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID MOORE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035727
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IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1MEALS
IRS990/OtherExpensesGrp/Desc2SHIPPING
IRS990/OtherExpensesGrp/Desc3EXHIBIT FEES
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IRS990/OtherExpensesGrp/FundraisingAmt11798
IRS990/OtherExpensesGrp/FundraisingAmt26599
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01059
IRS990/OtherExpensesGrp/ProgramServicesAmt0119101
IRS990/OtherExpensesGrp/ProgramServicesAmt1132078
IRS990/OtherExpensesGrp/ProgramServicesAmt242064
IRS990/OtherExpensesGrp/ProgramServicesAmt326450
IRS990/OtherExpensesGrp/TotalAmt0138396
IRS990/OtherExpensesGrp/TotalAmt1133876
IRS990/OtherExpensesGrp/TotalAmt248663
IRS990/OtherExpensesGrp/TotalAmt326450
IRS990/OtherLiabilitiesGrp/BOYAmt0109668

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.09$0.54$1.55$1.07$1.17$0.10
2024Detailed filing. Detailed filing data is available for this year.$2.49$0.93$1.56$2.23$1.77$0.47
2023Detailed filing. Detailed filing data is available for this year.$2.38$0.77$1.61$1.84$1.67$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.96$0.27$1.69$2.16$0.94$1.22
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.40$0.52$1.40$0.81$0.59
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.44$0.07$1.36$1.65$0.29
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.25$0.21$1.02$0.82$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.52$0.02$1.68$1.76$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.37$0.10$1.02$0.91$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.66$0.09$1.99$2.17$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.29$0.09$0.69$1.07$0.39
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.45$0.41$1.83$1.92$0.09
2013Summary only. Only limited summary data is available for this year.$0.61$0.10$0.51$0.70$0.86$0.16
2012Summary only. Only limited summary data is available for this year.$0.99$0.32$0.67$2.39$2.05$0.34
2011Summary only. Only limited summary data is available for this year.$0.45$0.13$0.33$0.59$0.82$0.23