Civic Intelligence

Class of 89' Mustang Open Charitable Foundation

990 • Fiscal year 2015 • EIN 80-0935898

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

92nd percentile

112%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$8,862

Up $4,686 (+112%) from 2014

Net Assets

Up

$8,862

Up $4,686 (+112%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$9,135

Up $1,503 (+20%) from 2014

Expenses

Down

$4,449

Down $4,724 (-51%) from 2014

Net Income

Up

$4,686

Up $6,227 (+404%) from 2014

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

2015

Assets$8,862
Liabilities$0
Net Assets$8,862

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

2015

Revenue$9,135
Expenses$4,449
Net Income$4,686
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$9,135
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.

Provide funds to coronado high school in lubbock, texas for the for 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$4,176$8,862▲ $4,686
Total Assets$4,176$8,862▲ $4,686
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,176$8,862▲ $4,686
Total Net Assets Fund Balance$4,176$8,862▲ $4,686
Total Liabilities and Net Assets / Fund Balance$4,176$8,862▲ $4,686
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,135
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,135
Change in Net Assets
$4,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$122--$122
Total Functional Expenses$4,449$0$0$4,449
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
2016-11-14

Organization Details

Principal Officer
Mark Albares
Formed
2013
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Raw XML Appendix241 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/ActivityOrMissionDesc0PROVIDE FUNDS TO CORONADO HIGH SCHOOL IN LUBBOCK, TEXAS FOR THE FOR THE ATHLETIC DEPARTMENT. ALSO TO PROVIDE DONATIONS TO LOCAL CHARITIES FOR LIMITED INCOME INDIVIDUALS AND FAMILIES.
IRS990/AllOtherContributionsAmt09135
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IRS990/BooksInCareOfDetail/PhoneNum08177984896
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IRS990/Form990PartVIISectionAGrp/PersonNm1JASON KEARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm3JASON BUFFINGTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09135
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
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
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IRS990/MissionDesc0PROVIDE FUNDS TO CORONADO HIGH SCHOOL IN LUBBOCK, TEXAS FOR THE ATHLETIC DEPARTMENT. ALSO TO PROVIDE DONATIONS TO LOCAL CHARITIES FOR LIMITED INCOME INDIVIDUALS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04176
IRS990/NetAssetsOrFundBalancesEOYAmt08862
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0COURSE FEE
IRS990/OtherExpensesGrp/Desc1SIGNS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3WEBSITE
IRS990/OtherExpensesGrp/ProgramServicesAmt03777
IRS990/OtherExpensesGrp/ProgramServicesAmt1400
IRS990/OtherExpensesGrp/ProgramServicesAmt2150
IRS990/OtherExpensesGrp/ProgramServicesAmt3122
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IRS990/OtherExpensesGrp/TotalAmt1400
IRS990/OtherExpensesGrp/TotalAmt2150
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IRS990/PartialLiquidationInd0false
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IRS990/ProfessionalFundraisingInd0false
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IRS990/PYGrantsAndSimilarPaidAmt05000
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07632
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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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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08177984896
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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/PreparationDt02016-11-14
ReturnHeader/ReturnTs02016-11-15T16:43:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings