Civic Intelligence

Connex Foundation Inc.

990EZ • Fiscal year 2020 • EIN 82-0663896

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

220 Las Colinas Blvd E Ste 100Irving, TX 75039-5509

(972) 231-9810

Siviq Scores

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

Liabilities / Assets

71st percentile

0.06x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.20x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

33%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-74%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$171,629

Up $24,229 (+16%) from 2019

Net Assets

$161,726

No earlier filing loaded for comparison.

Liabilities

Up

$9,903

Up $7,735 (+357%) from 2019

Revenue

Down

$49,645

Down $139,634 (-74%) from 2019

Expenses

Down

$33,151

Down $24,172 (-42%) from 2019

Net Income

Down

$16,494

Down $115,462 (-88%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $147,400Liabilities 2019: $2,1682019Assets 2020: $171,629Liabilities 2020: $9,903Net Assets 2020: $161,7262020Assets 2021: $176,727Liabilities 2021: $10,388Net Assets 2021: $166,3392021Assets 2022: $171,171Liabilities 2022: $10,422Net Assets 2022: $160,7492022Assets 2023: $193,204Liabilities 2023: $10,859Net Assets 2023: $182,3452023Assets 2024: $262,772Liabilities 2024: $37,755Net Assets 2024: $225,0172024

Highlighted filing

2020

Assets$171,629
Liabilities$9,903
Net Assets$161,726

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $189,279Expenses 2019: $57,323Net Income 2019: $131,9562019Revenue 2020: $49,645Expenses 2020: $33,151Net Income 2020: $16,4942020Revenue 2021: $65,761Expenses 2021: $61,148Net Income 2021: $4,6132021Revenue 2022: $136,338Expenses 2022: $141,928Net Income 2022: -$5,5902022Revenue 2023: $100,759Expenses 2023: $79,163Net Income 2023: $21,5962023Revenue 2024: $159,520Expenses 2024: $116,848Net Income 2024: $42,6722024

Highlighted filing

2020

Revenue$49,645
Expenses$33,151
Net Income$16,494
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$49,645
Mission and Program Overview

Mission

The connex foundation, inc. Is a non-profit entity that promotes education, industry research and training for individuals and companies engaged in retail facilities management. The foundation also organizes volunteer activities to support other non-profits organizations that need facility maintenance repairs and improvements.

Program Services

DescriptionGrantsExpenses
EDUCATIONAL SCHOLARSHIPS - THE FOUNDATION WILL WORK WITH EDUCATIONAL INSTITUTIONS TO ESTABLISH COLLABORATIVE PARTNERSHIPS TO: DEVELOP MULTISITE FACILITIES MANAGEMENT DEGREE PROGRAMS AND AWARD SCHOLARSHIPS TO INDIVIDUALS PURSUING A DEGREE IN FACILITIES MANAGEMENT.$12,000$13,987
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM ACKERMANChairman-$0--
LEIGH PEARSONVice Chairman-$0--
CINDY COLLETTETreasurer-$0--
ANN MORANSecretary-$0--
BROOKE COWARTExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Connex Foundation Inc
EIN
82-0663896
Phone
9722319810
Address
220 LAS COLINAS BLVD E STE 100, IRVING, TX 75039-5509

Signing Officer

Name
Brooke Cowart
Title
Executive Director
Phone
9722319810
Signed
2021-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
2021 L STREET NW SUITE 400, WASHINGTON, DC 20036
Preparer
Sara Smith
Phone
2022932200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: fundraiser promotional items receipts. Amount: 5,725.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grants to domestic individuals. Grantee name: various. Amount given: 5,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: canadian connex foundation scholarships. Grantee name: various. Amount given: 7,000. Total included on form 990-ez, line 10: 12,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 2,321. Description: sponsorship expenses. Amount: 1,534. Description: meeting expenses. Amount: 1,911. Total to form 990-ez, line 16: 5,766.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 2,903. End of year amount: 3,668. Description: due from connex. Beg. Of year amount: 3,361. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued expenses. Beg. Of year amount: 488. End of year amount: 0. Description: deferred revenue. Beg. Of year amount: 1,680. End of year amount: 9,715. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 188.

Raw XML Appendix176 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM ACKERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LEIGH PEARSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BROOKE COWART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE CONNEX FOUNDATION, INC. IS A NON-PROFIT ENTITY THAT PROMOTES EDUCATION, INDUSTRY RESEARCH AND TRAINING FOR INDIVIDUALS AND COMPANIES ENGAGED IN RETAIL FACILITIES MANAGEMENT. THE FOUNDATION ALSO ORGANIZES VOLUNTEER ACTIVITIES TO SUPPORT OTHER NON-PROFITS ORGANIZATIONS THAT NEED FACILITY MAINTENANCE REPAIRS AND IMPROVEMENTS.
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION WAS FORMED IN FEBRUARY 2017, AND AS SUCH THE 2017 COLUMN REPORTED HERE REPRESENTS A SHORT TAX YEAR FROM FEBRUARY 22, 2017 TO DECEMBER 31, 2017. FOR THE SHORT TAX YEAR 2017, THE ORGANIZATION DID NOT HAVE ANY REVENUE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: FUNDRAISER PROMOTIONAL ITEMS RECEIPTS. AMOUNT: 5,725.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANTS TO DOMESTIC INDIVIDUALS. GRANTEE NAME: VARIOUS. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: CANADIAN CONNEX FOUNDATION SCHOLARSHIPS. GRANTEE NAME: VARIOUS. AMOUNT GIVEN: 7,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 12,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,321. DESCRIPTION: SPONSORSHIP EXPENSES. AMOUNT: 1,534. DESCRIPTION: MEETING EXPENSES. AMOUNT: 1,911. TOTAL TO FORM 990-EZ, LINE 16: 5,766.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 2,903. END OF YEAR AMOUNT: 3,668. DESCRIPTION: DUE FROM CONNEX. BEG. OF YEAR AMOUNT: 3,361. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 488. END OF YEAR AMOUNT: 0. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 1,680. END OF YEAR AMOUNT: 9,715. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 188.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BROOKE COWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09722319810
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONNEX FOUNDATION INC
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ReturnHeader/Filer/EIN0820663896
ReturnHeader/Filer/PhoneNum09722319810
ReturnHeader/Filer/USAddress/AddressLine1Txt0220 LAS COLINAS BLVD E STE 100
ReturnHeader/Filer/USAddress/CityNm0IRVING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0750395509
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02021 L STREET NW SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02022932200
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA SMITH
ReturnHeader/ReturnTs02021-11-10T10:52:31-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BROOKE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COWART
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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