Civic Intelligence

Brit Foundation

990 • Fiscal year 2018 • EIN 82-3290786

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileWWW.BRIT.ORG
1700 University DriveFort Worth, TX 76107

(817) 332-4441

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

2nd percentile

0.00x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

99th percentile

93%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets2nd percentile

Assets

$56,016,040

No earlier filing loaded for comparison.

Net Assets

$56,016,040

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin99th percentile

Revenue

$1,024,129

No earlier filing loaded for comparison.

Expenses

$66,719

No earlier filing loaded for comparison.

Net Income

$957,410

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80M$60M$40M$20M$0Assets 2018: $56,016,040Liabilities 2018: $0Net Assets 2018: $56,016,0402018Assets 2019: $62,814,798Liabilities 2019: $128,350Net Assets 2019: $62,686,4482019Assets 2020: $69,164,126Liabilities 2020: $0Net Assets 2020: $69,164,1262020Assets 2021: $76,870,133Liabilities 2021: $0Net Assets 2021: $76,870,1332021Assets 2022: $65,331,909Liabilities 2022: $0Net Assets 2022: $65,331,9092022Assets 2023: $71,409,854Liabilities 2023: $0Net Assets 2023: $71,409,8542023Assets 2024: $76,559,962Liabilities 2024: $0Net Assets 2024: $76,559,9622024

Highlighted filing

2018

Assets$56,016,040
Liabilities$0
Net Assets$56,016,040
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2018: $1,024,129Expenses 2018: $66,719Net Income 2018: $957,4102018Revenue 2019: $6,648,712Expenses 2019: $2,822,131Net Income 2019: $3,826,5812019Revenue 2020: $2,715,291Expenses 2020: $2,611,665Net Income 2020: $103,6262020Revenue 2021: $530,717Expenses 2021: $2,888,941Net Income 2021: -$2,358,2242021Revenue 2022: $54,640Expenses 2022: $2,495,547Net Income 2022: -$2,440,9072022Revenue 2023: $146,017Expenses 2023: $2,863,179Net Income 2023: -$2,717,1622023Revenue 2024: $381,285Expenses 2024: $2,805,936Net Income 2024: -$2,424,6512024

Highlighted filing

2018

Revenue$1,024,129
Expenses$66,719
Net Income$957,410
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$6,032,821
Mission and Program Overview

Mission

The foundation holds and maintains the long-term investments on behalf of a 501(c)(3) entity, botanical research institute of texas. Foundation is a supporting entity of the botanical research institute of texas under irc section 509(a)(1).

The foundation was organized and is to be operated exclusively for the benefit of the botanical research institute of texas. The foundation holds and maintains the long-term investments on behalf of the botanical research institute of texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$0$49,479,800▲ $49,479,800
Investments in Publicly Traded Securities-$5,704,912-
Pledges and Grants Receivable$0$613,400▲ $613,400
Cash and Non-Interest-Bearing Accounts$0$191,561▲ $191,561
Intangible Assets$0$23,464▲ $23,464
Prepaid Expenses and Deferred Charges$0$2,903▲ $2,903
Total Assets$0$56,016,040▲ $56,016,040
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$56,016,040▲ $56,016,040
Total Net Assets Fund Balance$0$56,016,040▲ $56,016,040
Total Liabilities and Net Assets / Fund Balance$0$56,016,040▲ $56,016,040

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$49,479,800--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$0$61,975,651▼ $3,252,604$2,226,752$56,496,295
2017$0$0→ $0$0-
2016$0$0→ $0$0-
2015$0$0→ $0$0-
2014$0$0→ $0$0-
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Mr Brad BourlandPresident
Mr Alfred J LockwoodMember, Board of Directors
Mr David H DiesslinMember, Board of Directors
Mr Edward P BassMember, Board of Directors
Ms Mary M MatrangaMember, Board of Directors
Ms Jane SchoomakerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$613,400
Program Service Revenue
$0
Investment Income
$410,729
Other Revenue
$0
All Other Contributions
$613,400
Change in Net Assets
$957,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$963,540
Revenue Not Reported on Financial Statements
$60,589
Revenue Not Reported on Form 990
$-6,455,451
Total Revenue per Audited Statements
$-5,491,911
Total Revenue per Form 990
$1,024,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,719
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
Fees for Service Investment Mgmnt Fees-$60,589-$60,589
Fees for Services Accounting-$4,833-$4,833
Insurance-$966-$966
Depreciation Depletion-$331-$331
Total Functional Expenses$0$66,719$0$66,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$66,719
Expenses Not Reported on Financial Statements$60,589
Expenses per Audited Statements$6,130
Total Expenses per Audited Statements$6,130
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
Governance and Compliance

Governance Checklist

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

“Brit foundation's form 990 and supporting schedules are reviewed in detail and approved by the board of trustees.”

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

“Brit foundation annually reviews conflict of interest policy with all directors and officers. All are required to complete a statement either affirming no potential conflicts exist or detailing potential conflicts and the latter are all investigated and appropriate action taken.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements as well as its governing documents are available to the public during regular business hours at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Brit Foundation
EIN
82-3290786
Phone
8173324441
Address
1700 UNIVERSITY DRIVE, FORT WORTH, TX 76107

Signing Officer

Name
Brad Bourland
Title
Board President
Phone
8173324441
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Bourland
Formed
2017
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Sproles Woodard Llp
Address
777 MAIN STREET SUITE 3250, FORT WORTH, TX 76102-5304
Preparer
John Vincent Davila
Phone
8173321328
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of endowment investments from botanical research institute of texa 59,414,637.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Transfer of endowment investment income from botanical research institute -2,099,444.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRANSFER OF ENDOWMENT INVESTMENT INCOME FROM BOTANICAL RESEARCH INSTITUTE -2,099,444.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt049479800
IRS990ScheduleD/TotalExpensesPerForm990Amt066719
IRS990ScheduleD/TotalRevenuePerForm990Amt01024129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-5491911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06130
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIT FOUNDATION'S FORM 990 AND SUPPORTING SCHEDULES ARE REVIEWED IN DETAIL AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BRIT FOUNDATION ANNUALLY REVIEWS CONFLICT OF INTEREST POLICY WITH ALL DIRECTORS AND OFFICERS. ALL ARE REQUIRED TO COMPLETE A STATEMENT EITHER AFFIRMING NO POTENTIAL CONFLICTS EXIST OR DETAILING POTENTIAL CONFLICTS AND THE LATTER ARE ALL INVESTIGATED AND APPROPRIATE ACTION TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FINANCIAL STATEMENTS AS WELL AS ITS GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ENDOWMENT INVESTMENTS FROM BOTANICAL RESEARCH INSTITUTE OF TEXA 59,414,637.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOTANICAL RESEARCH INSTITUTE OF TEXAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752198196
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONDUCT RESEARCH AND PROVIDE EDUCATION TO PUBLIC FOR A SUSTAINABLE PLANET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01700 UNIVERSITY DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FORT WORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd076107
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt056496295
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BOTANICAL RESEARCH INSTITUTE OF TEXAS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt056016040
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt056016040
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt056016040
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0613400
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt066719
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056016040
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0410729
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01024129
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056016040
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076107
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.BRIT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:23:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750807999
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ReturnHeader/ReturnTs02019-11-13T10:00:58-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,016,040
Liabilities
$0
Net assets
$56,016,040
Revenue
$1,024,129
Expenses
$66,719
Net income
$957,410
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$76.6$0.00$76.6$0.38$2.81$2.42
2023Detailed filing. Detailed filing data is available for this year.$71.4$0.00$71.4$0.15$2.86$2.72
2022Detailed filing. Detailed filing data is available for this year.$65.3$0.00$65.3$0.05$2.50$2.44
2021Detailed filing. Detailed filing data is available for this year.$76.9$0.00$76.9$0.53$2.89$2.36
2020Detailed filing. Detailed filing data is available for this year.$69.2$0.00$69.2$2.72$2.61$0.10
2019Detailed filing. Detailed filing data is available for this year.$62.8$0.13$62.7$6.65$2.82$3.83
2018Detailed filing. Detailed filing data is available for this year.$56.0$0.00$56.0$1.02$0.07$0.96