Civic Intelligence

Galena Park Isd Education Foundationinc

EIN 76-0563596 • 501(c)3 • Galena Park, TX

Profile

To generate and allocate resources on behalf and for the benefit of the students and staff of galena park independent school district in a manner that significantly enhances the classroom learning experience, facilitates continued educational opportunities through scholarship support, and enables the foundation to sustain its financial ability to continue its mission in the future.

PO Box 565Galena Park, TX 77547

www.galenaparkisd.com/FOUNDATION.HTM

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.14x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$100,278

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 26.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

63rd percentile

8.9%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$787,543

Up $64,695 (+9.0%) from 2018

Liabilities

Up

$54,223

Up $19,296 (+55%) from 2018

Net Assets

Up

$733,320

Up $45,399 (+6.6%) from 2018

Revenue

Up

$383,556

Up $50,514 (+15%) from 2018

Expenses

Up

$338,157

Up $71,679 (+27%) from 2018

Net Income

Down

$45,399

Down $21,165 (-32%) from 2018

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $334,367Liabilities 2010: $23,224Net Assets 2010: $311,1432010Assets 2011: $366,447Liabilities 2011: $17,554Net Assets 2011: $348,8932011Assets 2012: $466,581Liabilities 2012: $36,237Net Assets 2012: $430,3442012Assets 2013: $514,569Liabilities 2013: $40,751Net Assets 2013: $473,8182013Assets 2014: $520,615Liabilities 2014: $28,423Net Assets 2014: $492,1922014Assets 2015: $503,699Liabilities 2015: $32,846Net Assets 2015: $470,8532015Assets 2016: $617,539Liabilities 2016: $29,278Net Assets 2016: $588,2612016Assets 2017: $662,056Liabilities 2017: $40,699Net Assets 2017: $621,3572017Assets 2018: $722,848Liabilities 2018: $34,927Net Assets 2018: $687,9212018Assets 2019: $787,543Liabilities 2019: $54,223Net Assets 2019: $733,3202019

Highlighted filing

2019

Assets$787,543
Liabilities$54,223
Net Assets$733,320

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $282,5472010Revenue 2011: $343,496Expenses 2011: $305,746Net Income 2011: $37,7502011Expenses 2012: $314,4422012Revenue 2013: $363,708Expenses 2013: $320,234Net Income 2013: $43,4742013Revenue 2014: $331,566Expenses 2014: $313,192Net Income 2014: $18,3742014Revenue 2015: $292,165Expenses 2015: $313,504Net Income 2015: -$21,3392015Revenue 2016: $408,961Expenses 2016: $291,553Net Income 2016: $117,4082016Revenue 2017: $318,170Expenses 2017: $285,074Net Income 2017: $33,0962017Revenue 2018: $333,042Expenses 2018: $266,478Net Income 2018: $66,5642018Revenue 2019: $383,556Expenses 2019: $338,157Net Income 2019: $45,3992019

Highlighted filing

2019

Revenue$383,556
Expenses$338,157
Net Income$45,399

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$434,477
Mission and Program Overview

Mission

To generate and allocate resources on behalf and for the benefit of the students and staff of galena park independent school district in a manner that significantly enhances the classroom learning experience, facilitates continued educational opportunities through scholarship support, and enables the foundation to sustain its financial ability to continue its mission in the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,822$202,103▲ $101,281
Cash and Non-Interest-Bearing Accounts$169,103$129,150▼ $39,953
Accounts Receivable$15,783$18,799▲ $3,016
Prepaid Expenses and Deferred Charges$650$0▼ $650
Total Assets$722,848$787,543▲ $64,695
Other Assets Total$436,490$437,491▲ $1,001
Liabilities
Accounts Payable and Accrued Expenses$17,125$27,510▲ $10,385
Grants Payable$17,802$26,713▲ $8,911
Total Liabilities$34,927$54,223▲ $19,296
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$565,866$614,131▲ $48,265
Net Assets With Donor Restrictions$122,055$119,189▼ $2,866
Total Net Assets Fund Balance$687,921$733,320▲ $45,399
Total Liabilities and Net Assets / Fund Balance$722,848$787,543▲ $64,695

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$437,491--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$436,490-▲ $1,001-$437,491
2018$431,929-▲ $4,561-$436,490
2017$427,646-▲ $4,283-$431,929
2016$425,741-▲ $1,905-$427,646
2015$370,844$54,156▲ $741-$425,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cathy EthridgeFoundation CoordinatorPT$850$99,428$100,278
Wayne OquinFoundation DirectorFT$2,500$56,999$59,499
Yvonne JohnsonFoundation AccountantPT$850-$850

Board Members and Trustees

NameTitle
Brent HughesPresident
Owen SonikVice President
Adrian SloanDirector
Dowen SimsDirector
Dr Allatia HarrisDirector
Dr Angi WilliamsDirector
Dr Dalane BouillionDirector
Dr Gerald CobbDirector
Janie FloresDirector
Jeffery MillerDirector
Jennifer SilvaDirector
Jose JimenezDirector
Julia ArceneauxDirector
Mike WilliamsDirector
Ramon GarzaDirector
Ruby TibbsDirector
Linda SherrardSecretary
Mac McdermottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$371,811
Program Service Revenue
$0
Investment Income
$13,101
Other Revenue
$-1,356
All Other Contributions
$371,811
Change in Net Assets
$45,399

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
Other Non Cash Contri Table1$156,427Actual Costs Paid by
Total Noncash Contributions1$156,427-

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,556
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$383,556
Total Revenue per Form 990
$383,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$160,627
Other Expenses$93,646
Grants and Similar Amounts Paid$83,884
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$160,627-$160,627
Grants to Domestic Individuals$57,191--$57,191
Grants to Domestic Orgs$26,693--$26,693
Fees for Services Accounting-$6,150-$6,150
Insurance-$844-$844
Office Expenses-$370-$370
Other Expenses-$200-$200
Total Functional Expenses$83,884$254,273$0$338,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$338,157
Total Expenses per Audited Statements$338,157
Total Expenses per Form 990$338,157
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Galena Park IsdHouston, TX-To Assist District Wide Programs for the Purchase of Supplies and Equipment.$26,693
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$50,921
Fundraising Gross Income$49,565
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$28,625$28,625$11,346$17,279
Gala Event$20,940$20,940$36,576$-15,636
Total Events$49,565$49,565$50,921$-1,356
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
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The education foundation does not have a separate audit committee. The entire voting membership is responsible for audit review and the independent auditor selection.

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

The foundation accountant reviews the form 990 and the foundation director, who is a non voting board member, signs the form 990.

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

The executive director's salary and benefits are paid by the gpisd. His compensation is determined and approved by the superintendent of the school district. The foundation's board is not involved in this process.

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Galena Park Isd Education Foundationinc
EIN
76-0563596
Phone
8323861000
Address
PO BOX 565, GALENA PARK, TX 77547

Signing Officer

Name
Wayne Oquin
Title
Director
Phone
8323861000
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Oquin
Formed
1998
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
30

Preparer

Firm
Whitley Penn Llp
Address
600 GULF FREEWAY STE 226, TEXAS CITY, TX 77591
Preparer
Lydia Inaba Cook
Phone
4099484406
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The district does not have a separate financial/audit committee. The board of directors assumes the responsibility of oversight and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDATION DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FOUNDATION COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2FOUNDATION ACCOUNTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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
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IRS990/FormationYr01998
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingGrossIncomeAmt049565
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
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IRS990/GrantsPayableGrp/EOYAmt026713
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt026693
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO GENERATE AND ALLOCATE RESOURCES ON BEHALF AND FOR THE BENEFIT OF THE STUDENTS AND STAFF OF GALENA PARK INDEPENDENT SCHOOL DISTRICT IN A MANNER THAT SIGNIFICANTLY ENHANCES THE CLASSROOM LEARNING EXPERIENCE, FACILITATES CONTINUED EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIP SUPPORT, AND ENABLES THE FOUNDATION TO SUSTAIN ITS FINANCIAL ABILITY TO CONTINUE ITS MISSION IN THE FUTURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NoncashContributionsAmt0156427
IRS990/NondeductibleContributionsInd00
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc2MEMBERSHIP & SUPPLIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126561
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IRS990/OtherExpensesGrp/TotalAmt126561
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/QuidProQuoContributionsInd01
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0399401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0161942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01579733
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01081
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt049565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt046730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt045646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt053364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt033485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0228790
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05266
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04879
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt027660
IRS990ScheduleA/InvestmentIncomeCYPct00.01510
IRS990ScheduleA/InvestmentIncomePYPct00.00860
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98490
IRS990ScheduleA/PublicSupportPY509Pct00.99140
IRS990ScheduleA/PublicSupportTotal509Amt01808523
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0375514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0363441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0452765
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0195427
IRS990ScheduleA/Total509Grp/TotalAmt01808523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0434477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0380780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0368320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0456098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0196508
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01836183
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0436490
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0437491
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01001
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0431929
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0436490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04561
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0427646
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0431929
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04283
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0425741
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0427646
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01905

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