Civic Intelligence

Class of 89' Mustang Open Charitable Foundation

990 • Fiscal year 2014 • EIN 80-0935898

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

5109 82nd Street Suite 7 1175Lubbock, TX 79424

(817) 798-4896

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$4,176

No earlier filing loaded for comparison.

Net Assets

$4,176

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$7,632

No earlier filing loaded for comparison.

Expenses

$9,173

No earlier filing loaded for comparison.

Net Income

-$1,541

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2014: $4,176Liabilities 2014: $0Net Assets 2014: $4,1762014Assets 2015: $8,862Liabilities 2015: $0Net Assets 2015: $8,8622015Assets 2016: $6,844Liabilities 2016: $0Net Assets 2016: $6,8442016Assets 2017: $7,281Liabilities 2017: $0Net Assets 2017: $7,2812017Assets 2018: $8,624Liabilities 2018: $0Net Assets 2018: $8,6242018Assets 2019: $9,334Liabilities 2019: $0Net Assets 2019: $9,3342019Assets 2020: $24,038Liabilities 2020: $0Net Assets 2020: $24,0382020Assets 2021: $24,496Liabilities 2021: $0Net Assets 2021: $24,4962021Assets 2022: $24,063Liabilities 2022: $0Net Assets 2022: $24,0632022Assets 2023: $19,715Liabilities 2023: $0Net Assets 2023: $19,7152023Assets 2024: $10,932Liabilities 2024: $0Net Assets 2024: $10,9322024

Highlighted filing

2014

Assets$4,176
Liabilities$0
Net Assets$4,176

Operations Trend

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

$30K$20K$10K$0-$10KRevenue 2014: $7,632Expenses 2014: $9,173Net Income 2014: -$1,5412014Revenue 2015: $9,135Expenses 2015: $4,449Net Income 2015: $4,6862015Revenue 2016: $15,666Expenses 2016: $17,684Net Income 2016: -$2,0182016Revenue 2017: $17,043Expenses 2017: $16,606Net Income 2017: $4372017Revenue 2018: $20,405Expenses 2018: $19,062Net Income 2018: $1,3432018Revenue 2019: $22,546Expenses 2019: $21,836Net Income 2019: $7102019Revenue 2020: $16,738Expenses 2020: $2,034Net Income 2020: $14,7042020Revenue 2021: $4,516Expenses 2021: $4,058Net Income 2021: $4582021Revenue 2022: $15,850Expenses 2022: $16,283Net Income 2022: -$4332022Revenue 2023: $17,649Expenses 2023: $21,997Net Income 2023: -$4,3482023Revenue 2024: $12,568Expenses 2024: $21,351Net Income 2024: -$8,7832024

Highlighted filing

2014

Revenue$7,632
Expenses$9,173
Net Income-$1,541
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$7,632
Mission and Program Overview

Mission

Provide funds to coronado high school in lubbock, texas for the iron horse scholarship award and the athletic department. Also to provide donations to local charities for limited income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,717$4,176▼ $1,541
Total Assets$5,717$4,176▼ $1,541
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$5,717$4,176▼ $1,541
Total Net Assets Fund Balance$5,717$4,176▼ $1,541
Total Liabilities and Net Assets / Fund Balance$5,717$4,176▼ $1,541
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark AlbaresChair
Jason KearneyTreasurer/se
Brian MaloneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,632
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,632
Change in Net Assets
$-1,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,000
Other Expenses$4,173
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,000--$5,000
Other Expenses$122--$122
Total Functional Expenses$9,173$0$0$9,173
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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, Page 6, Part VI, Line 11B

Form 990 is reviewed and filed by the chair with other officers receiving a copy of the tax return.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflicts of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
CLASS OF 89' MUSTANG OPEN
EIN
80-0935898
Phone
8177984896
Address
5109 82ND STREET SUITE 7 1175, LUBBOCK, TX 79424

Signing Officer

Name
Mark Albares
Title
Chair
Phone
8177984896
Signed
2015-11-16

Organization Details

Principal Officer
Mark Albares
Formed
2013
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Raw XML Appendix234 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE FUNDS TO CORONADO HIGH SCHOOL IN LUBBOCK, TEXAS FOR THE IRON HORSE SCHOLARSHIP AWARD AND THE ATHLETIC DEPARTMENT. ALSO TO PROVIDE DONATIONS TO LOCAL CHARITIES FOR LIMITED INCOME INDIVIDUALS AND FAMILIES.
IRS990/AllOtherContributionsAmt07632
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IRS990/BooksInCareOfDetail/PhoneNum08177984896
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IRS990/BooksInCareOfDetail/USAddress/CityNm0FORT WORTH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt05000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07632
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE FUNDS TO CORONADO HIGH SCHOOL IN LUBBOCK, TEXAS FOR THE IRON HORSE SCHOLARSHIP AWARD AND THE ATHLETIC DEPARTMENT. ALSO TO PROVIDE DONATIONS TO LOCAL CHARITIES FOR LIMITED INCOME INDIVIDUALS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05717
IRS990/NetAssetsOrFundBalancesEOYAmt04176
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0COURSE FEE
IRS990/OtherExpensesGrp/Desc1FORM 1023 APPLICATION
IRS990/OtherExpensesGrp/Desc2SIGNS
IRS990/OtherExpensesGrp/Desc3WEBSITE
IRS990/OtherExpensesGrp/ProgramServicesAmt02751
IRS990/OtherExpensesGrp/ProgramServicesAmt1850
IRS990/OtherExpensesGrp/ProgramServicesAmt2450
IRS990/OtherExpensesGrp/ProgramServicesAmt3122
IRS990/OtherExpensesGrp/TotalAmt02751
IRS990/OtherExpensesGrp/TotalAmt1850
IRS990/OtherExpensesGrp/TotalAmt2450
IRS990/OtherExpensesGrp/TotalAmt3122
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARK ALBARES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt012565
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt03000
IRS990/PYOtherExpensesAmt03848
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IRS990/PYTotalExpensesAmt06848
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IRS990/ReconcilationRevenueExpnssAmt0-1541
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt012565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020197
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalSupportAmt020197
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND FILED BY THE CHAIR WITH OTHER OFFICERS RECEIVING A COPY OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990/SchoolOperatingInd0false
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd079424
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK ALBARES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08177984896
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLASS OF 89' MUSTANG OPEN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CLAS
ReturnHeader/Filer/EIN0800935898
ReturnHeader/Filer/PhoneNum08177984896
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ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079424
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/ReturnTs02015-11-16T14:25:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings