Civic Intelligence

Texas Christian Educational Foundation Inc.

990 • Fiscal year 2017 • EIN 76-0249026

Aug 01, 2016 to Jul 31, 2017 • Filed on Nov 15, 2017

17810 Kieth HarrowHouston, TX 77084

(281) 550-6060

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

10.0%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$72,700

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

62nd percentile

7.4%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.6%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,770,177

Up $190,565 (+7.4%) from 2016

Net Assets

Up

$2,770,177

Up $190,565 (+7.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$1,911,829

Down $135,723 (-6.6%) from 2016

Expenses

Down

$1,721,264

Down $30,097 (-1.7%) from 2016

Net Income

Down

$190,565

Down $105,626 (-36%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,755,443Liabilities 2011: $544,172Net Assets 2011: $1,211,2712011Assets 2012: $1,782,435Liabilities 2012: $446,763Net Assets 2012: $1,335,6722012Assets 2013: $2,099,489Liabilities 2013: $343,855Net Assets 2013: $1,755,6342013Assets 2014: $2,255,483Liabilities 2014: $236,437Net Assets 2014: $2,019,0462014Assets 2015: $2,283,421Liabilities 2015: $0Net Assets 2015: $2,283,4212015Assets 2016: $2,579,612Liabilities 2016: $0Net Assets 2016: $2,579,6122016Assets 2017: $2,770,177Liabilities 2017: $0Net Assets 2017: $2,770,1772017Assets 2018: $3,122,981Liabilities 2018: $0Net Assets 2018: $3,122,9812018Assets 2019: $3,046,384Liabilities 2019: $0Net Assets 2019: $3,046,3842019Assets 2020: $3,061,693Liabilities 2020: $205,000Net Assets 2020: $2,856,6932020Assets 2021: $3,507,628Liabilities 2021: $220,548Net Assets 2021: $3,287,0802021Assets 2022: $3,749,138Liabilities 2022: $0Net Assets 2022: $3,749,1382022Assets 2023: $3,952,967Liabilities 2023: $0Net Assets 2023: $3,952,9672023Assets 2024: $4,068,890Liabilities 2024: $0Net Assets 2024: $4,068,8902024

Highlighted filing

2017

Assets$2,770,177
Liabilities$0
Net Assets$2,770,177

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,124,850Expenses 2011: $967,737Net Income 2011: $157,1132011Revenue 2012: $1,470,017Expenses 2012: $1,345,616Net Income 2012: $124,4012012Revenue 2013: $1,790,740Expenses 2013: $1,370,778Net Income 2013: $419,9622013Revenue 2014: $1,766,190Expenses 2014: $1,502,778Net Income 2014: $263,4122014Revenue 2015: $1,850,947Expenses 2015: $1,586,572Net Income 2015: $264,3752015Revenue 2016: $2,047,552Expenses 2016: $1,751,361Net Income 2016: $296,1912016Revenue 2017: $1,911,829Expenses 2017: $1,721,264Net Income 2017: $190,5652017Revenue 2018: $2,013,800Expenses 2018: $1,660,996Net Income 2018: $352,8042018Revenue 2019: $1,666,776Expenses 2019: $1,743,373Net Income 2019: -$76,5972019Revenue 2020: $1,397,813Expenses 2020: $1,587,504Net Income 2020: -$189,6912020Revenue 2021: $1,666,291Expenses 2021: $1,235,904Net Income 2021: $430,3872021Revenue 2022: $1,736,805Expenses 2022: $1,274,747Net Income 2022: $462,0582022Revenue 2023: $1,518,444Expenses 2023: $1,314,615Net Income 2023: $203,8292023Revenue 2024: $1,486,134Expenses 2024: $1,370,211Net Income 2024: $115,9232024

Highlighted filing

2017

Revenue$1,911,829
Expenses$1,721,264
Net Income$190,565
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,936,235
Mission and Program Overview

Mission

The foundation was founded for the purpose of providing the opportunity for a quality christian education and strives for excellence in academic, physical, spiritual and social development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,378,526$1,343,842▼ $34,684
Cash and Non-Interest-Bearing Accounts$759,993$936,303▲ $176,310
Investments in Publicly Traded Securities$285,158$285,476▲ $318
Savings and Temporary Cash Investments$155,935$104,506▼ $51,429
Total Assets$2,579,612$2,770,177▲ $190,565
Other Assets Total-$100,050-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,579,612$2,770,177▲ $190,565
Total Net Assets Fund Balance$2,579,612$2,770,177▲ $190,565
Total Liabilities and Net Assets / Fund Balance$2,579,612$2,770,177▲ $190,565

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$954,230$889,871$1,844,101
Equipment$173,567$500,977$674,544
Land$179,290-$179,290
Other Land Buildings$36,755$31,357$68,112
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hj PalmquistPresFT$24,700$48,000$72,700
Jonny PalmquistVPFT$61,200-$61,200
Beckie SolizBoardFT$60,050-$60,050
Elaine S PalmquistSec/treaFT$49,700-$49,700

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$27,929
Program Service Revenue
$1,849,319
Investment Income
$1,844
Other Revenue
$32,737
All Other Contributions
$27,929
Change in Net Assets
$190,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,176,316
Other Expenses$544,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$834,374$21,600-$855,974
Other Expenses$395,142$18,219-$413,361
Current Officers, Directors, Trustees, and Key Employees$195,650$48,000-$243,650
Depreciation Depletion$98,049$3,032-$101,081
Payroll Taxes$76,692--$76,692
Advertising---$22,679
Office Expenses---$7,827
Total Functional Expenses$1,599,907$90,851$0$1,721,264
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,143
Fundraising Direct Expenses$24,406
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
various$57,143$57,143$24,406$32,737
Total Events$57,143$57,143$24,406$32,737
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part V, Section C, Line 19

All information is available apon written request.

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

All board meetings.

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

During staff meetings.

Filing and Contact Details

Filer

Filer Name
Texas Christian Education Foundation Inc
EIN
76-0249026
Phone
2815506060
Address
17810 KIETH HARROW, HOUSTON, TX 77084

Signing Officer

Name
Elaine Palmquist
Title
Operations Director
Signed
2017-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
H J Palmquist
Formed
1990
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
37

Preparer

Firm
James a Wise CPA
Address
11811 NORTH FREEWAY 190, HOUSTON, TX 77060
Preparer
James a Wise
Phone
2818201560
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01849319
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016899
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01038
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0587214
IRS990/PYOtherRevenueAmt026554
IRS990/PYProgramServiceRevenueAmt02003061
IRS990/PYRevenuesLessExpensesAmt0296191
IRS990/PYSalariesCompEmpBnftPaidAmt01164147
IRS990/PYTotalExpensesAmt01751361
IRS990/PYTotalRevenueAmt02047552
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0190565
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01849319
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0155935
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104506
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0954230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0889871
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01844101
IRS990ScheduleD/EquipmentGrp/BookValueAmt0173567
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500977
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0674544
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0179290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0179290
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036755
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031357
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01343842
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024406
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0various
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt057143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt057143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt057143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt057143
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032737
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt024406
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt024406
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All information is available apon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2During staff meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section b, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section b, Line 12c
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02579612
IRS990/TotalAssetsEOYAmt02770177
IRS990/TotalAssetsGrp/BOYAmt02579612
IRS990/TotalAssetsGrp/EOYAmt02770177
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027929
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090851
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01599907
IRS990/TotalFunctionalExpensesGrp/TotalAmt01721264
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02579612
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02770177
IRS990/TotalOtherCompensationAmt048000
IRS990/TotalProgramServiceExpensesAmt01599907
IRS990/TotalProgramServiceRevenueAmt01849319
IRS990/TotalReportableCompFromOrgAmt0195650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01911829
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02579612
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02770177
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02579612
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02770177
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06006 S TRAFALGAR
IRS990/USAddress/CityNm0KATY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077449
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0texaschristianschool.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ELAINE PALMQUIST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OPERATIONS DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS CHRISTIAN EDUCATION FOUNDATION INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$1.49$1.37$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.95$0.00$3.95$1.52$1.31$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$1.74$1.27$0.46
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.22$3.29$1.67$1.24$0.43
2020Detailed filing. Detailed filing data is available for this year.$3.06$0.21$2.86$1.40$1.59$0.19
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$1.67$1.74$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$2.01$1.66$0.35
2017Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$1.91$1.72$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$2.05$1.75$0.30
2015Summary only. Only limited summary data is available for this year.$2.28$0.00$2.28$1.85$1.59$0.26
2014Summary only. Only limited summary data is available for this year.$2.26$0.24$2.02$1.77$1.50$0.26
2013Summary only. Only limited summary data is available for this year.$2.10$0.34$1.76$1.79$1.37$0.42
2012Summary only. Only limited summary data is available for this year.$1.78$0.45$1.34$1.47$1.35$0.12
2011Summary only. Only limited summary data is available for this year.$1.76$0.54$1.21$1.12$0.97$0.16