Civic Intelligence

G Squared Foundation Inc.

990 • Fiscal year 2023 • EIN 83-1695272

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 16, 2024

27411 Shores CourtSpring, TX 77386

(832) 541-4450

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

38th percentile

0.0%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$150,000

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

30th percentile

0.1%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,033,400

Up $1,030 (+0.1%) from 2022

Net Assets

Up

$1,033,400

Up $1,030 (+0.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$19,906,858

Down $15,993,328 (-45%) from 2022

Expenses

Down

$19,905,828

Down $15,018,232 (-43%) from 2022

Net Income

Down

$1,030

Down $975,096 (-100%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $164,676Liabilities 2019: $90,000Net Assets 2019: $74,6762019Assets 2021: $56,244Liabilities 2021: $0Net Assets 2021: $56,2442021Assets 2022: $1,032,370Liabilities 2022: $0Net Assets 2022: $1,032,3702022Assets 2023: $1,033,400Liabilities 2023: $0Net Assets 2023: $1,033,4002023Assets 2024: $766,023Liabilities 2024: $0Net Assets 2024: $766,0232024

Highlighted filing

2023

Assets$1,033,400
Liabilities$0
Net Assets$1,033,400

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2019: $7,978,029Expenses 2019: $7,903,353Net Income 2019: $74,6762019Revenue 2021: $5,883,552Expenses 2021: $5,867,394Net Income 2021: $16,1582021Revenue 2022: $35,900,186Expenses 2022: $34,924,060Net Income 2022: $976,1262022Revenue 2023: $19,906,858Expenses 2023: $19,905,828Net Income 2023: $1,0302023Revenue 2024: $2,522,778Expenses 2024: $2,790,155Net Income 2024: -$267,3772024

Highlighted filing

2023

Revenue$19,906,858
Expenses$19,905,828
Net Income$1,030
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 16, 2024
Return Version
2023v5.1
Gross Receipts
$19,906,858
Mission and Program Overview

Mission

To provide a gateway to bridge community and industry by empowering and financially supporting students who pursue careers in performing and fine arts.

To provide a gateway to bridge community and industry by empowering and financially supporting students pursuing careers in performing and fine arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,032,370$1,033,400▲ $1,030
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,032,370$1,033,400▲ $1,030
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,032,370$1,033,400▲ $1,030
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,032,370$1,033,400▲ $1,030
Total Liabilities and Net Assets / Fund Balance$1,032,370$1,033,400▲ $1,030
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary GuidryPresidentPT$150,000$150,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,208
Program Service Revenue
$19,901,650
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,208
Change in Net Assets
$1,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,480,828
Grants and Similar Amounts Paid$275,000
Salaries, Compensation, and Employee Benefits$150,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$275,000--$275,000
Current Officers, Directors, Trustees, and Key Employees$150,000$0$0$150,000
Fees for Services Management$40,000$34,623$0$74,623
Insurance$44,346$0$0$44,346
Other Expenses$0$40,257$0$40,257
Fees for Services Accounting$12,375$0$0$12,375
Advertising$10,000$0$0$10,000
Office Expenses$0$1,253$0$1,253
Information Technology$0$419$0$419
Total Functional Expenses$19,829,276$76,552$0$19,905,828
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

Part VI, Line 2

| Employee:, Relationship:, Employee:| Gary Guidry, Family Relationship, Dr Jerica Nickerson|

Part VI, Section A, Line 8B

There is not any committees as all three board members participate on all issues.

Part VI, Section B, Line 11B

Form 990 is distributed via email for all board members to review

Part VI, Section B, Line 12C

All issues are discussed with the members and appropriate action is taken and documented.

Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
G Squared Foundation
EIN
83-1695272
In Care Of
% Gary Guidry
Address
27411 SHORES COURT, SPRING, TX 77386

Signing Officer

Name
Gary Guidry
Title
President
Signed
2024-11-16
Discuss with paid preparer
No

Organization Details

Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0
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