Civic Intelligence

Wire Hollow Education Innovation

990 • Fiscal year 2020 • EIN 81-3587723

Sep 01, 2019 to Aug 31, 2020 • Filed on Jun 08, 2021

1500 14th StreetLubbock, TX 79401

(806) 701-4994

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$71,899

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

96%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$337,952

Down $78,553 (-19%) from 2019

Net Assets

Down

$26,578

Down $322,455 (-92%) from 2019

Liabilities

Up

$311,374

Up $243,902 (+361%) from 2019

Revenue

Up

$1,500,612

Up $736,531 (+96%) from 2019

Expenses

Up

$1,823,067

Up $1,274,858 (+233%) from 2019

Net Income

Down

-$322,455

Down $538,327 (-249%) from 2019

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 2016: $1Liabilities 2016: $02016Assets 2017: $1Liabilities 2017: $02017Assets 2018: $133,161Liabilities 2018: $0Net Assets 2018: $133,1612018Assets 2019: $416,505Liabilities 2019: $67,472Net Assets 2019: $349,0332019Assets 2020: $337,952Liabilities 2020: $311,374Net Assets 2020: $26,5782020Assets 2021: $557,958Liabilities 2021: $466,408Net Assets 2021: $91,5502021Assets 2022: $2,825,502Liabilities 2022: $2,647,445Net Assets 2022: $178,0572022Assets 2023: $4,601,632Liabilities 2023: $4,069,961Net Assets 2023: $531,6712023Assets 2024: $4,855,071Liabilities 2024: $3,930,342Net Assets 2024: $924,7292024

Highlighted filing

2020

Assets$337,952
Liabilities$311,374
Net Assets$26,578

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $215,000Expenses 2018: $81,743Net Income 2018: $133,2572018Revenue 2019: $764,081Expenses 2019: $548,209Net Income 2019: $215,8722019Revenue 2020: $1,500,612Expenses 2020: $1,823,067Net Income 2020: -$322,4552020Revenue 2021: $2,704,187Expenses 2021: $2,639,215Net Income 2021: $64,9722021Revenue 2022: $3,281,952Expenses 2022: $3,195,445Net Income 2022: $86,5072022Revenue 2023: $4,048,641Expenses 2023: $3,695,027Net Income 2023: $353,6142023Revenue 2024: $4,714,225Expenses 2024: $4,321,167Net Income 2024: $393,0582024

Highlighted filing

2020

Revenue$1,500,612
Expenses$1,823,067
Net Income-$322,455
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jun 8, 2021
Return Version
2019v5.2
Gross Receipts
$1,500,612
Mission and Program Overview

Mission

To research and provide interventions to meet the needs of each child including those with learning differences and/or learning disabilities. To establish educational institutions that better address the needs of children.

Research and services to address learning difference and/or disabilities in children. Exploration to establish an educational institute to serve those children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$328,319$173,482▼ $154,837
Cash and Non-Interest-Bearing Accounts$78,186$132,403▲ $54,217
Prepaid Expenses and Deferred Charges$10,000$32,067▲ $22,067
Total Assets$416,505$337,952▼ $78,553
Liabilities
Accounts Payable and Accrued Expenses$67,472$161,374▲ $93,902
Other Liabilities$0$150,000▲ $150,000
Total Liabilities$67,472$311,374▲ $243,902
Net Assets / Fund Balance
Net Assets With Donor Restrictions$302,174$47,175▼ $254,999
Net Assets Without Donor Restrictions$46,859$-20,597▼ $67,456
Total Net Assets Fund Balance$349,033$26,578▼ $322,455
Total Liabilities and Net Assets / Fund Balance$416,505$337,952▼ $78,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Merinda K CondraSuperintendentFT$67,572$4,327$71,899

Board Members and Trustees

NameTitle
Michelle HoughlandPresident
Frank GoodeBoard Member
Judy RostadBoard Member
Kacey StevensBoard Member
Sherril SkibellBoard Member
Mike CaffeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$610,697
Program Service Revenue
$889,835
Investment Income
$80
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$-322,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,500,612
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,500,612
Total Revenue per Form 990
$1,500,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,104,974
Other Expenses$718,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$676,015$225,338-$901,353
Fees for Services Other$240,723$44,609-$285,332
Occupancy$117,482$56,405-$173,887
Current Officers, Directors, Trustees, and Key Employees$82,103$27,224-$109,327
Pension Plan Contributions$46,665$13,549-$60,214
Other Employee Benefits$16,413$4,764-$21,177
Office Expenses$11,610$5,079-$16,689
Payroll Taxes$9,677$3,226-$12,903
Insurance-$11,901-$11,901
Other Expenses$7,825$20,461-$7,825
Information Technology$4,302--$4,302
Travel$1,411$439-$1,850
Total Functional Expenses$1,385,269$437,798$0$1,823,067

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,823,067
Total Expenses per Audited Statements$1,823,067
Total Expenses per Form 990$1,823,067
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Economic Injury Disaster Loan (eidl)$150,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 B, Line 11B

A copy of the form 990 is provided to the board of directors..

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

All members of the board disclose conflicts of interest in writing.

Form 990, Part VI, Section B, Line 15

Compensation is determined based upon a review of like positions and salaries in the community.

Form 990, Part VI, Section C, Line 19

All governing documents, form 1023 and forms 990 are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wire Hollow Education Innovation
EIN
81-3587723
Phone
8067014994
Address
1500 14TH STREET, LUBBOCK, TX 79401
Doing Business As
Betty M Condra School for Education

Signing Officer

Name
Merinda K Condra
Title
Superintendent
Phone
8067014994
Signed
2021-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Merinda K Condra
Formed
2016
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
34
Volunteers
6

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 WEST STE 505, SAN ANTONIO, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Wire hollow education innovation d/b/a betty m. Condra school for education innovation 1500 14th street lubbock, tx 79401 employer identification number: 81-3587723 for the year ending august 31, 2020 wire hollow education innovation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

Form 990, Part IX, Line 11G

Contract labor and professional fees: program service expenses 240,723. Management and general expenses 44,609. Fundraising expenses 0. Total expenses 285,332.

Form 990, Part XII, Line 2C

When selecting an independent auditor, the organization reviews the most current list of approved/licensed cpa firms found on the tea website. The oversight of the audit involves superintendent and the finance department. All parties work together to ensure timely and accurate reporting, segregation of duties, and unbiased/ethical audit standards under tea and gaap.

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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01823067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ECONOMIC INJURY DISASTER LOAN (EIDL)
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01500612
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01823067
IRS990ScheduleD/TotalLiabilityAmt0150000
IRS990ScheduleD/TotalRevenuePerForm990Amt01500612
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01500612
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01823067
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOL'S ENROLLMENT PACKETS, BROCHURES, NEWSPAPER ADS, ETC.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS ELIGIBLE AND RECEIVES IDEA B FUNDING AND FUNDS FROM THE TEXAS DEPARTMENT OF AGRICULTURE AND USDA FOR THE PARTICIPATION IN THE NATIONAL SCHOOL AND BREAKFAST PROGRAM. THE SCHOOL ALSO RECEIVED FUNDS UNDER THE ECONOMIC INJURY DISASTER LOAN (EIDL) AND PAYCHECK PROTECTION PROGRAM (PPP) WHICH WERE MADE AVAILABLE TO AFFECTED ORGANIZATIONS IN RESPONSE TO THE COVID-19 PANDEMIC. THE PORTION OF THE LOANS WHICH WERE REASONABLY EXPECTED TO BE FORGIVEN WERE INCLUDED IN THE FEDERAL REVENUE FOR THE FISCAL YEAR-ENDED 8/31/2020.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WIRE HOLLOW EDUCATION INNOVATION D/B/A BETTY M. CONDRA SCHOOL FOR EDUCATION INNOVATION 1500 14TH STREET LUBBOCK, TX 79401 EMPLOYER IDENTIFICATION NUMBER: 81-3587723 FOR THE YEAR ENDING AUGUST 31, 2020 WIRE HOLLOW EDUCATION INNOVATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS..
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD DISCLOSE CONFLICTS OF INTEREST IN WRITING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BASED UPON A REVIEW OF LIKE POSITIONS AND SALARIES IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, FORM 1023 AND FORMS 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT LABOR AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 240,723. MANAGEMENT AND GENERAL EXPENSES 44,609. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 285,332.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WHEN SELECTING AN INDEPENDENT AUDITOR, THE ORGANIZATION REVIEWS THE MOST CURRENT LIST OF APPROVED/LICENSED CPA FIRMS FOUND ON THE TEA WEBSITE. THE OVERSIGHT OF THE AUDIT INVOLVES SUPERINTENDENT AND THE FINANCE DEPARTMENT. ALL PARTIES WORK TOGETHER TO ENSURE TIMELY AND ACCURATE REPORTING, SEGREGATION OF DUTIES, AND UNBIASED/ETHICAL AUDIT STANDARDS UNDER TEA AND GAAP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0416505
IRS990/TotalAssetsEOYAmt0337952
IRS990/TotalAssetsGrp/BOYAmt0416505
IRS990/TotalAssetsGrp/EOYAmt0337952
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0610697
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0437798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01385269
IRS990/TotalFunctionalExpensesGrp/TotalAmt01823067
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067472
IRS990/TotalLiabilitiesEOYAmt0311374
IRS990/TotalLiabilitiesGrp/BOYAmt067472
IRS990/TotalLiabilitiesGrp/EOYAmt0311374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0349033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026578
IRS990/TotalOtherCompensationAmt04327
IRS990/TotalProgramServiceExpensesAmt01385269
IRS990/TotalProgramServiceRevenueAmt0889835
IRS990/TotalReportableCompFromOrgAmt067572
IRS990/TotalRevenueGrp/ExclusionAmt080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0889835
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01500612
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0416505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0337952
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0439
IRS990/TravelGrp/ProgramServicesAmt01411
IRS990/TravelGrp/TotalAmt01850
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 14TH STREET
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079401
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0CONDRASCHOOL.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MERINDA K CONDRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08067014994
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WIRE HOLLOW EDUCATION INNOVATION
ReturnHeader/Filer/BusinessNameControlTxt0WIRE
ReturnHeader/Filer/EIN0813587723
ReturnHeader/Filer/PhoneNum08067014994
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 14TH STREET
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203992693
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDY WALKER & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07800 IH 10 WEST STE 505
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078230
ReturnHeader/PreparerPersonGrp/PhoneNum02103669430
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY L WALKER CPA
ReturnHeader/ReturnTs02021-06-15T10:51:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31

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