Civic Intelligence

Spring Branch Education Foundation

990 • Fiscal year 2019 • EIN 76-0392316

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

955 Campbell Road No 206Houston, TX 77024

(713) 365-4781

Siviq Scores

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

Liabilities / Assets

56th percentile

0.12x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$86,569

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

83rd percentile

25%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,584,259

Up $512,771 (+25%) from 2018

Net Assets

Up

$2,285,544

Up $521,729 (+30%) from 2018

Liabilities

Down

$298,715

Down $8,958 (-2.9%) from 2018

Revenue

Down

$2,189,258

Down $64,499 (-2.9%) from 2018

Expenses

Down

$1,619,140

Down $642,087 (-28%) from 2018

Net Income

Up

$570,118

Up $577,588 (+7732%) from 2018

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: $1,095,181Liabilities 2011: $191,793Net Assets 2011: $903,3882011Assets 2012: $1,225,517Liabilities 2012: $221,989Net Assets 2012: $1,003,5282012Assets 2013: $1,729,239Liabilities 2013: $249,261Net Assets 2013: $1,479,9782013Assets 2014: $1,789,414Liabilities 2014: $211,349Net Assets 2014: $1,578,0652014Assets 2015: $1,784,022Liabilities 2015: $317,484Net Assets 2015: $1,466,5382015Assets 2016: $1,868,308Liabilities 2016: $164,050Net Assets 2016: $1,704,2582016Assets 2017: $1,974,177Liabilities 2017: $244,301Net Assets 2017: $1,729,8762017Assets 2018: $2,071,488Liabilities 2018: $307,673Net Assets 2018: $1,763,8152018Assets 2019: $2,584,259Liabilities 2019: $298,715Net Assets 2019: $2,285,5442019Assets 2020: $3,211,340Liabilities 2020: $314,167Net Assets 2020: $2,897,1732020Assets 2021: $3,806,115Liabilities 2021: $343,532Net Assets 2021: $3,462,5832021Assets 2023: $4,730,043Liabilities 2023: $538,800Net Assets 2023: $4,191,2432023

Highlighted filing

2019

Assets$2,584,259
Liabilities$298,715
Net Assets$2,285,544

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $813,1422011Expenses 2012: $841,1332012Expenses 2013: $887,9642013Revenue 2014: $1,227,893Expenses 2014: $1,129,806Net Income 2014: $98,0872014Revenue 2015: $1,257,201Expenses 2015: $1,368,728Net Income 2015: -$111,5272015Revenue 2016: $1,555,441Expenses 2016: $1,251,046Net Income 2016: $304,3952016Revenue 2017: $1,245,961Expenses 2017: $1,305,422Net Income 2017: -$59,4612017Revenue 2018: $2,253,757Expenses 2018: $2,261,227Net Income 2018: -$7,4702018Revenue 2019: $2,189,258Expenses 2019: $1,619,140Net Income 2019: $570,1182019Revenue 2020: $2,109,205Expenses 2020: $1,541,909Net Income 2020: $567,2962020Revenue 2021: $2,254,462Expenses 2021: $2,139,038Net Income 2021: $115,4242021Revenue 2023: $4,351,668Expenses 2023: $4,694,594Net Income 2023: -$342,9262023

Highlighted filing

2019

Revenue$2,189,258
Expenses$1,619,140
Net Income$570,118
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$2,485,976
Mission and Program Overview

Mission

Spring branch education foundation was established for the purpose of receiving and disbursing funds, property and gifts exclusively for the benefit of the spring branch independent school district.

Spring branch education foundation was established for the purpose of receiving and disbursing funds, property, and gifts exclusively for the benefit of the spring branch independent school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,397,831$1,528,482▲ $130,651
Cash and Non-Interest-Bearing Accounts$409,125$671,242▲ $262,117
Savings and Temporary Cash Investments$238,274$211,642▼ $26,632
Accounts Receivable$26,258$163,393▲ $137,135
Prepaid Expenses and Deferred Charges-$9,500-
Total Assets$2,071,488$2,584,259▲ $512,771
Liabilities
Grants Payable$268,103$260,323▼ $7,780
Accounts Payable and Accrued Expenses$28,745$36,392▲ $7,647
Deferred Revenue$10,825$2,000▼ $8,825
Total Liabilities$307,673$298,715▼ $8,958
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,118,587$1,134,887▲ $16,300
Temporarily Rstr Net Assets$378,883$893,509▲ $514,626
Unrestricted Net Assets$266,345$257,148▼ $9,197
Total Net Assets Fund Balance$1,763,815$2,285,544▲ $521,729
Total Liabilities and Net Assets / Fund Balance$2,071,488$2,584,259▲ $512,771

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,429,171$53,602▲ $59,908-$1,538,422
2017$1,302,600$51,232▲ $79,408-$1,429,171
2016$1,169,289$45,645▲ $138,314-$1,302,600
2015$1,237,487$40,347▼ $42,279-$1,169,289
2014$1,135,416$79,354▲ $44,154-$1,237,487
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cece ThompsonExecutive DirectorFT$86,569$86,569

Board Members and Trustees

NameTitle
George a Kurisky JrDevelopment, Chair
Barry AbramsEndowment Committee, Chair
Jay SartainGolf Tournament, Co-chair
Scooter HicksGolf Tournament, Co-chair
Tamma HowellMaking Our Schools Better Campaign, Chair
Gary JunekNominations Committee, Chair
Susan MarksPlanning and Administration, Chair
Donald B RosemanProgram and Assessment Committee, Chair
Debra AitkenPublic Relations, Chair
Lisa SchwartzSbef Chairman
Kristi RobishawSbef Gala, Co-chair
Rebecca Becky FennSbef Gala, Co-chair
Warren MatthewsScholarship, Chair
Jennie BakerSecretary / Treasurer, Finance, Chair
Debbie SlackSpecial Events, Chair
Robert Rob R StewartSporting Clay Tournament, Co-chair
Suzanne StilesSbisd Pta Council President
Allen TsengDirector
Amy MillerDirector
Carin DomannDirector
Christina Chris GonzalezDirector
Colleen JohnsonDirector
Deborah BallardDirector
Dmel TatumDirector
Dr Rudy RamosDirector
Evan PerroniDirector
J Carter BreedDirector
James ShaddixDirector
Janet HortonDirector
Jeff MajewskiDirector
Jennifer CobbDirector
Jerry G MueckDirector
Jim C Stewart IiiDirector
Joe BlasiDirector
Joe ElliottDirector
Kamden KanalyDirector
Katherine DawsonDirector
Kevin D SiblikDirector
Kimberly Kim BergenDirector
Kirk GuilanshahDirector
Lara Bell MilamDirector
Laura Elizabeth SteinDirector
Laura MinyardDirector
Lisa RapierDirector
Melissa Light DeayalaDirector
Minda CaesarDirector
Pamela GoodsonDirector
Paul R MoretonDirector
Philip Phil KelleyDirector
Portia WillisDirector
Rebecca Becky RobertsonDirector
Rex BennettDirector
Richard KelvinDirector
Rick NgoDirector
Ron NunleyDirector
Roy MontalbanoDirector
Sheri Leigh-grossDirector
Susan C MathewsDirector
Susie GraceDirector
Traci JensenDirector
Vincent MontalbanoDirector
Warren SloanDirector
William T Bill DrennenDirector
Linda BuchmanSbisd Community Relations Officer
Dr Scott MuriSpring Branch Isd Superintendent
Revenue and Support

Revenue Composition

Contributions and Grants
$1,962,329
Program Service Revenue
$0
Investment Income
$110,500
Other Revenue
$116,429
All Other Contributions
$1,742,804
Change in Net Assets
$570,118

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,187,259
Revenue Not Reported on Financial Statements
$2,000
Revenue Not Reported on Form 990
$311,343
Total Revenue per Audited Statements
$2,498,602
Total Revenue per Form 990
$2,189,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,377,844
Other Expenses$135,943
Salaries, Compensation, and Employee Benefits$105,353
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,377,844--$1,377,844
Current Officers, Directors, Trustees, and Key Employees$69,255$17,314-$86,569
Office Expenses-$54,644-$54,644
Conferences and Meetings-$15,490-$15,490
Payroll Taxes$10,596$2,649-$13,245
Fees for Services Accounting-$13,180-$13,180
Other Employee Benefits$4,431$1,108-$5,539
Information Technology-$4,786-$4,786
Other Expenses-$3,956-$3,956
Fees for Service Investment Mgmnt Fees-$2,000-$2,000
Insurance-$1,562-$1,562
Total Functional Expenses$1,462,126$157,014$0$1,619,140

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,976,873
Total Expenses per Form 990$1,619,140
Expenses per Audited Statements$1,617,140
Expenses Not Reported on Form 990$359,733
Expenses Not Reported on Financial Statements$2,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spring Branch Independent School DistrictHouston, TX-To Promote Community Development,staff Development and Fine Arts Appreciation Among the Spring Branch Isdcommunity.$1,377,844
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$395,474
Fundraising Direct Expenses$292,461
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Gala$263,083$150,541$119,295$31,246
Golf Tournament$131,955$103,643$40,154$63,489
Total Events$614,999$395,474$292,461$103,013
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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 2

Cece's son-in-law joined the board 7/1/2015. Also, he runs the auction house, which manages the chartiable auction every year. He signs a conflict of interest letter.

Form 990, Part VI, Section A, Line 6

The organization is comprised of members.

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

Members of the organization vote to select which members will serve on the governing body.

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

All resolutions (such as bylaw changes) are subject to board approval.

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

A copy of the 990 was first provided to the executive board. After approval by the executive board the 990 was distributed to the full board for their review. Copies are provided to board members prior to their meeting. After approval by the board the 990 is filed.

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

An executive committee of the board of directors reviews and enforces compliance with the conflict of interest policy on a regular and consistent basis.

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

An executive committee reviews the salary of the executive director annually.

Form 990, Part VI, Section C, Line 19

A copy of the organization's financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Spring Branch Education Foundation
EIN
76-0392316
Phone
7133654781
Address
955 CAMPBELL ROAD NO 206, HOUSTON, TX 77024

Signing Officer

Name
Cece Thompson
Title
Executive Director
Phone
7132512288
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cece Thompson
Formed
1993
Legal Domicile
TX
Voting Board Members
69
Independent Board Members
69
Employees
1
Volunteers
150

Preparer

Firm
Carr Riggs & Ingram LLC
Address
TWO RIVERWAY 15TH FLOOR, HOUSTON, TX 77056
Preparer
Kristen Simpson
Phone
7136218090
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Explanation: the endowment funds are to be used to provide grants to the spring branch independent school district and to the students of the district.

PART X, LINE 2:

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code except to the extent that it generates unrelated business income. As of june 30, 2019 and 2018, the foundation had no unrelated business income. The foundation accounts for uncertain tax positions, when it is more likely than not, that such an asset or a liability will be realized. As of june 30, 2019 and 2018, management believes there were no uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses reclassed 292,461.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses reclassed 292,461.

Raw XML AppendixShowing 400 of 968 raw XML fields

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IRS990/Form990PartVIISectionAGrp/PersonNm13MELISSA LIGHT DEAYALA
IRS990/Form990PartVIISectionAGrp/PersonNm14CARIN DOMANN
IRS990/Form990PartVIISectionAGrp/PersonNm15WILLIAM T BILL DRENNEN
IRS990/Form990PartVIISectionAGrp/PersonNm16JOE ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm17REBECCA BECKY FENN
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRISTINA CHRIS GONZALEZ
IRS990/Form990PartVIISectionAGrp/PersonNm19PAMELA GOODSON
IRS990/Form990PartVIISectionAGrp/PersonNm20SUSIE GRACE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt590

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