Civic Intelligence

Fotofest Inc.

990 • Fiscal year 2020 • EIN 76-0105267

May 01, 2019 to Apr 30, 2020 • Filed on Mar 15, 2021

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

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.32x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$107,674

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$362,243

Down $97,569 (-21%) from 2019

Net Assets

Down

-$74,000

Down $285,901 (-135%) from 2019

Liabilities

Up

$436,243

Up $188,332 (+76%) from 2019

Revenue

Up

$1,359,836

Up $341,406 (+34%) from 2019

Expenses

Up

$1,645,490

Up $820,834 (+100%) from 2019

Net Income

Down

-$285,654

Down $479,428 (-247%) from 2019

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

2020

Assets$362,243
Liabilities$436,243
Net Assets-$74,000

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

2020

Revenue$1,359,836
Expenses$1,645,490
Net Income-$285,654
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Mar 15, 2021
Return Version
2019v5.0
Gross Receipts
$1,446,985
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
Accounts Receivable$73,319$117,883▲ $44,564
Cash and Non-Interest-Bearing Accounts$190,326$48,310▼ $142,016
Loans From Officers Directors$60,215$32,338▼ $27,877
Prepaid Expenses and Deferred Charges$2,617$2,500▼ $117
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$459,812$362,243▼ $97,569
Other Assets Total$193,550$193,550→ $0
Liabilities
Accounts Payable and Accrued Expenses$83,621$299,669▲ $216,048
Other Liabilities$104,075$104,236▲ $161
Total Liabilities$247,911$436,243▲ $188,332
Net Assets / Fund Balance
Net Assets With Donor Restrictions$211,901$15,897▼ $196,004
Net Assets Without Donor Restrictions-$-89,897-
Total Net Assets Fund Balance$211,901$-74,000▼ $285,901
Total Liabilities and Net Assets / Fund Balance$459,812$362,243▼ $97,569

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Steven EvansExecutive DirectorFT$107,674$107,674

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$637,725
Program Service Revenue
$494,347
Investment Income
$799
Other Revenue
$226,965
All Other Contributions
$244,423
Change in Net Assets
$-285,654

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$58,184Fair Market Value (FMV)
Total Noncash Contributions3$58,184-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,359,836
Revenue Not Reported on Form 990
$108,735
Total Revenue per Audited Statements
$1,468,571
Total Revenue per Form 990
$1,359,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,238,993
Salaries, Compensation, and Employee Benefits$406,497
Total Fundraising Expense$150,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$367,703$2,645$35,270$405,618
Other Salaries and Wages$221,356$40,439$14,163$275,958
Travel$203,676-$21$203,697
Occupancy$51,530$57,021$102$108,653
Current Officers, Directors, Trustees, and Key Employees$64,604$21,535$21,535$107,674
Insurance$13,508-$52,077$65,585
Office Expenses$30,053$22,010$3,973$56,036
Fees for Services Accounting-$52,875-$52,875
All Other Expenses$40,033$1,199$500$41,732
Other Expenses$21,733$237$2,122$24,092
Payroll Taxes$15,240$2,136$4,072$21,448
Advertising$10,157--$10,157
Interest-$6,505-$6,505
Other Employee Benefits$1,417--$1,417
Total Functional Expenses$1,287,618$207,410$150,462$1,645,490

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,754,472
Expenses per Audited Statements$1,645,490
Total Expenses per Form 990$1,645,490
Expenses Not Reported on Form 990$108,982
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$249,925
Fundraising Direct Expenses$28,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$292,081$237,350$7,049$230,301
Luncheon$15,793$12,575$362$12,213
Total Events$307,874$249,925$28,875$221,050
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$60,215$32,338▼ $27,877
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$90,780
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 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
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 and wendy watriss are married

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

Form 990 is reviewed by board members before it is filed

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
2021-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
TX
Voting Board Members
26
Independent Board Members
26
Employees
8
Volunteers
250

Preparer

Firm
Stefanie Martinez CPA Pllc
Address
PO BOX 3363, LEAGUE CITY, TX 77574
Preparer
Stefanie Martinez
Phone
7134712060
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 $28875

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

Fundraising event direct costs $28875

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0249925
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IRS990/InsuranceGrp/ProgramServicesAmt013508
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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