Civic Intelligence

Congaree Foundation

990 • Fiscal year 2021 • EIN 81-1718705

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

1375 Enclave ParkwayHouston, TX 77077

(713) 580-3200

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$150,001

Higher top officer pay than 42% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

151%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$11,096,906

Up $2,850,055 (+35%) from 2020

Net Assets

Up

$10,844,550

Up $2,651,391 (+32%) from 2020

Liabilities

Up

$252,356

Up $198,664 (+370%) from 2020

Revenue

Up

$3,752,115

Up $2,260,008 (+151%) from 2020

Expenses

Up

$1,139,791

Up $647,251 (+131%) from 2020

Net Income

Up

$2,612,324

Up $1,612,757 (+161%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $862,341Liabilities 2016: $0Net Assets 2016: $862,3412016Assets 2017: $3,873,864Liabilities 2017: $0Net Assets 2017: $3,873,8642017Assets 2018: $5,504,111Liabilities 2018: $0Net Assets 2018: $5,504,1112018Assets 2019: $7,287,903Liabilities 2019: $94,311Net Assets 2019: $7,193,5922019Assets 2020: $8,246,851Liabilities 2020: $53,692Net Assets 2020: $8,193,1592020Assets 2021: $11,096,906Liabilities 2021: $252,356Net Assets 2021: $10,844,5502021Assets 2022: $13,383,355Liabilities 2022: $413,813Net Assets 2022: $12,969,5422022Assets 2023: $15,278,712Liabilities 2023: $318,045Net Assets 2023: $14,960,6672023Assets 2024: $18,680,152Liabilities 2024: $471,755Net Assets 2024: $18,208,3972024

Highlighted filing

2021

Assets$11,096,906
Liabilities$252,356
Net Assets$10,844,550

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2016: $888,000Expenses 2016: $25,659Net Income 2016: $862,3412016Revenue 2017: $3,228,309Expenses 2017: $216,786Net Income 2017: $3,011,5232017Revenue 2018: $1,996,253Expenses 2018: $366,006Net Income 2018: $1,630,2472018Revenue 2019: $2,417,641Expenses 2019: $728,160Net Income 2019: $1,689,4812019Revenue 2020: $1,492,107Expenses 2020: $492,540Net Income 2020: $999,5672020Revenue 2021: $3,752,115Expenses 2021: $1,139,791Net Income 2021: $2,612,3242021Revenue 2022: $3,385,771Expenses 2022: $1,260,779Net Income 2022: $2,124,9922022Revenue 2023: $3,013,205Expenses 2023: $1,201,108Net Income 2023: $1,812,0972023Revenue 2024: $3,523,136Expenses 2024: $1,515,137Net Income 2024: $2,007,9992024

Highlighted filing

2021

Revenue$3,752,115
Expenses$1,139,791
Net Income$2,612,324
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$4,106,084
Mission and Program Overview

Mission

To undertake activities to promote education, relieve poverty, and provide assistance to disadvantaged young people.

To promote education, relieve poverty and provide assistance to disadvantaged young people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,301,926$5,658,069▲ $356,143
Cash and Non-Interest-Bearing Accounts$649,018$3,250,020▲ $2,601,002
Land, Buildings, and Equipment, Net$2,241,940$2,182,877▼ $59,063
Accounts Receivable-$5,684-
Inventories for Sale or Use-$256-
Total Assets$8,246,851$11,096,906▲ $2,850,055
Other Assets Total$53,967--
Liabilities
Accounts Payable and Accrued Expenses$53,692$252,356▲ $198,664
Total Liabilities$53,692$252,356▲ $198,664
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,178,159$10,829,550▲ $2,651,391
Net Assets With Donor Restrictions$15,000$15,000→ $0
Total Net Assets Fund Balance$8,193,159$10,844,550▲ $2,651,391
Total Liabilities and Net Assets / Fund Balance$8,246,851$11,096,906▲ $2,850,055

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,182,877$120,589$2,303,466
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcus A WattsPresident & Director
Scott SchwingerVice President & Director
Eric F WilliamsonDirector
Kimberley A JacobsonSecretary & Director (to May 2021)
Paige B LarrabeeSecretary (fr June 2021)
Sandra SenaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500,047
Program Service Revenue
$161,503
Investment Income
$3,887
Other Revenue
$86,678
All Other Contributions
$3,500,047
Change in Net Assets
$2,612,324

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
Securities Publicly Traded18$352,332Fair Market Value (FMV)
Total Noncash Contributions18$352,332-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$884,068
Grants and Similar Amounts Paid$160,000
Salaries, Compensation, and Employee Benefits$95,723
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$358,099--$358,099
Fees for Services Other$268,520$15,527-$284,047
Grants to Domestic Orgs$160,000--$160,000
Other Salaries and Wages$88,409--$88,409
Depreciation Depletion$59,063--$59,063
Fees for Services Legal-$54,323-$54,323
Insurance-$35,674-$35,674
Office Expenses-$19,747-$19,747
Travel$13,112--$13,112
Advertising-$12,360-$12,360
Payroll Taxes$7,314--$7,314
Other Expenses$4,316--$4,316
Fees for Services Accounting-$1,713-$1,713
Conferences and Meetings$1,439--$1,439
All Other Expenses$775--$775
Interest-$164-$164
Total Functional Expenses$1,000,283$139,508$0$1,139,791
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Heritage Classic FoundationHilton Head Island, SC501(c)(3)General support$100,000
Boys and Girls ClubsBluffton, SC501(c)(3)Lauch Program$60,000
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
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
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 VI, Section A, line 2

Marcus A. Watts, Kimberley A. Jacobson, and Eric Williamson have a business relationship with one another.

Form 990, Part VI, Section A, line 6

The members of the Foundation are those persons who then qualify as "Founding Members" of Congaree Golf Partners, LLC, a Texas limited liability company, each acting through its "Founding Member Principal or, in the event of the death of the Founding Member Principal, through the "Principal" of such Founding Member.

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

The Members shall elect the members of the Board in accordance with Article IV of these Bylaws.

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

The Form 990 is reviewed by the Tax Director, the Director of TFG and the Executive Director. Emails are sent to accounting, legal, and payroll departments to ask for assistance with some of the questions. A copy of the return is provided to all current members of the governing board.

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

A conflict of interest policy (the "policy") with an effective date of January 27, 2016 was adopted by unanimous written consent of the Board of Directors. The entity monitors and enforces compliance with the policy by requiring directors and officers to sign annual statements affirming their receipt of a copy of the policy, that the policy has been read and understood, and that the policy and purpose of the organization's activities will be complied with. In addition, periodic reviews are conducted to ensure operations are conducted in a manner consistent with the organization's charitable purposes and to ensure that the organization does not engage in activities that could jeopardize its tax-exempt status.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents and financial statements available to the public upon written request.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Scott Schwinger - 109 N. Post Oak Lane, Suite 600, Houston, TX 77024.

Filing and Contact Details

Filer

Filer Name
Congaree Foundation
EIN
81-1718705
Phone
7135803200
Address
1375 Enclave Parkway, Houston, TX 77077

Signing Officer

Name
Sandra Sena
Title
Treasurer
Phone
7135803200
Signed
2022-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Marcus A Watts
Formed
2016
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
7
Volunteers
6

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

CGGI program coordinator: Program service expenses 56,200. Total expenses 56,200. CGGI program participant fees: Program service expenses 80,059. Total expenses 80,059. Consulting: Program service expenses 132,261. Total expenses 132,261. Other professional fees: Management and general expenses 15,527. Total expenses 15,527.

Raw XML AppendixShowing 400 of 1,017 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm2Eric F Williamson
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02612324
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt084351
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0161503
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05301926
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05658069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03500047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01546096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02387824
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01969312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03228625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012631904
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt085211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt060286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt085217
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029765
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0260479
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0168494
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84530
IRS990ScheduleA/PublicSupportPY170Pct00.82130
IRS990ScheduleA/PublicSupportTotal170Amt010897600
IRS990ScheduleA/SubstantialContributorsTotAmt01734304
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03500047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01546096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02387824
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01969312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03228625
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012631904
IRS990ScheduleA/TotalSupportAmt012892383
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt02182877
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120589
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02303466
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02182877
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Lauch Program
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Boys and Girls Clubs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Heritage Classic Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0570811876
IRS990ScheduleI/RecipientTable/RecipientEIN1570835114
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010 Pinckney Colony Road Suite 103
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt171 Lighthouse Road Suite 4200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Bluffton
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Hilton Head Island
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029909
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129928
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Congaree Foundation requires board approval for charitable contributions over $5,000. Congaree Foundation requires grantees over $5,000 to provide annual reports and explanation on how Congaree Foundation funds have been used. Prior to granting any funds, Congaree Foundation exercises a due diligence process and reviews potential grantee organization's Form 990s, W-9s, board composition and other documents that provide indications of the health and operations of the organization.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0150001
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1150001
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2150001
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3150001
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4150001
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt40

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