Civic Intelligence

Bynum School Endowment Fund Management

990 • Fiscal year 2019 • EIN 82-5321481

Aug 01, 2018 to Jul 31, 2019 • Filed on Jun 10, 2020

Organization Profile
PO Box 80175Midland, TX 79708

(432) 520-0075

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$76,620

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 248.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

$5,144,027

No earlier filing loaded for comparison.

Net Assets

$5,144,027

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin100th percentile

Revenue

$30,893

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$30,893

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.

$10M$5.0M$0Assets 2019: $5,144,027Liabilities 2019: $0Net Assets 2019: $5,144,0272019Assets 2020: $7,338,596Liabilities 2020: $0Net Assets 2020: $7,338,5962020Assets 2021: $8,942,522Liabilities 2021: $0Net Assets 2021: $8,942,5222021Assets 2022: $7,745,165Liabilities 2022: $0Net Assets 2022: $7,745,1652022Assets 2024: $8,425,267Liabilities 2024: $0Net Assets 2024: $8,425,2672024

Highlighted filing

2019

Assets$5,144,027
Liabilities$0
Net Assets$5,144,027
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2019: $30,893Expenses 2019: $0Net Income 2019: $30,8932019Revenue 2020: $217,822Expenses 2020: $0Net Income 2020: $217,8222020Revenue 2021: $130,916Expenses 2021: $225,000Net Income 2021: -$94,0842021Revenue 2022: $373,479Expenses 2022: $296,717Net Income 2022: $76,7622022Revenue 2024: $272,653Expenses 2024: $405,485Net Income 2024: -$132,8322024

Highlighted filing

2019

Revenue$30,893
Expenses$0
Net Income$30,893
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jun 10, 2020
Return Version
2018v3.3
Gross Receipts
$30,893
Mission and Program Overview

Mission

To oversee and manage the endowment funds invested for educational and charitable purposes of Bynum School. The organization shall make grants exclusively to or for the benefit of the School, the supported organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$5,144,027-
Total Assets$0$5,144,027▲ $5,144,027
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets-$5,144,027-
Total Net Assets Fund Balance$0$5,144,027▲ $5,144,027
Total Liabilities and Net Assets / Fund Balance$0$5,144,027▲ $5,144,027

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018-$5,000,000▲ $144,027-$5,144,027
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleOtherTotal
Dr William MaurerExecutive director of Bynum School$76,620$76,620

Board Members and Trustees

NameTitle
Cressinda HyattPresident
Will KruegerVice President
Diana BlakeDirector
Trey Santa Maria IIIDirector
Kahla KikerSecretary
Will AbneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$30,893
Other Revenue
$0
Change in Net Assets
$30,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

“The 990 is provided to the board officers to distribute to all board members for review prior to filing.”

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

“Board officers and directors sign a conflict of interest statement upon their election to the board. Potential conficts are disclosed and monitored during the voting of action items at all board meetings. Any members with a known or potential conflict abstain from voting.”

Form 990, Part VI, Section B, Line 15A and 15B

“The organization has no employees and does not pay compensation to any officers or directors. Bynum School, the related entity supported organization, compensates the executive director of the School as disclosed.”

Form 990, Part VI, Section C, Line 19

“The 990 will be available upon request at the Schools administrative offices at 5100 Avalon Dr. Midland, TX 79707. It will also be published on guidestar.org. once filed.”

Filing and Contact Details

Filer

Filer Name
Bynum School Endowment Fund Management Inc
EIN
82-5321481
Phone
4325200075
Address
PO Box 80175, Midland, TX 79708

Signing Officer

Name
Cressinda Hyatt
Title
Board President
Signed
2020-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cressinda Hyatt President
Formed
2017
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Bynum School transferred 5,000,000 in 2019 to establish the initial funds of the endowment.”

Raw XML Appendix376 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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part IV Section D Line 3 Bynum School, the supported organization has a significant voice in the management and use of the assets by having two directors who serve on the board of the School that also serve on the board of the supporting organization. For the fiscal year 2018-19, these members are Diana Blake and Trey Santa Maria III.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organizations activities directly further the exempt purpose of Bynum School, the supported organization by managing the exempt use endowment funds for the exclusive benefit of the School. The organization shall make grants to or for the benefit of the School at their discretion. The supporting organization adopted an investment policy and reviews monthly brokerage statements of the balances and approves investment transactions in compliance with the policy.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Bynum School, the supported organization would normally appoint an investment committe to report to the board of directors to invest and manage the exempt use endowment funds for the exclusive benefit of the School in compiance with an approved investment policy. The activities of the supporting organizations involvement in managing and investing the endowment funds constitute these activities in which the School would normally be involved.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is provided to the board officers to distribute to all board members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board officers and directors sign a conflict of interest statement upon their election to the board. Potential conficts are disclosed and monitored during the voting of action items at all board meetings. Any members with a known or potential conflict abstain from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has no employees and does not pay compensation to any officers or directors. Bynum School, the related entity supported organization, compensates the executive director of the School as disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 will be available upon request at the Schools administrative offices at 5100 Avalon Dr. Midland, TX 79707. It will also be published on guidestar.org. once filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bynum School transferred 5,000,000 in 2019 to establish the initial funds of the endowment.
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 B, Line 15a and 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05000000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash transfer of initial funds to establish Endowment
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BYNUM SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0s
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt05144027
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt05144027
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05144027
IRS990/TotalOtherCompensationAmt02276
IRS990/TotalRevenueGrp/ExclusionAmt030893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt030893
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05144027
IRS990/TotReportableCompRltdOrgAmt074344
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 80175
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079708
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Cressinda Hyatt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bynum School Endowment Fund Management Inc
ReturnHeader/Filer/BusinessNameControlTxt0BYNU
ReturnHeader/Filer/EIN0825321481
ReturnHeader/Filer/PhoneNum04325200075
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 80175
ReturnHeader/Filer/USAddress/CityNm0Midland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079708
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId090D2E7303F3ECEEF0CA75405FC205A22BC3E8F9F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090D2E7303F3ECEEF0CA75405FC205A22BC3E8F9F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.131.95.17
ReturnHeader/FilingSecurityInformation/IPDt02020-06-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:23:32
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDY SILHAN CPA CFE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1341
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOLFFORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079382
ReturnHeader/PreparerPersonGrp/PhoneNum04325800204
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY SILHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-06-10T01:23:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,144,027
Liabilities
$0
Net assets
$5,144,027
Revenue
$30,893
Expenses
$0
Net income
$30,893
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$0.00$8.43$0.27$0.41$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$0.00$7.75$0.37$0.30$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.94$0.00$8.94$0.13$0.23$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.00$7.34$0.22$0.00$0.22
2019Detailed filing. Detailed filing data is available for this year.$5.14$0.00$5.14$0.03$0.00$0.03