Civic Intelligence

Tbp Panola Project Inc.

990 • Fiscal year 2019 • EIN 83-2368022

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

Organization ProfileN/A
2730 N State Highway 360Grand Prairie, TX 75050

(214) 946-9100

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

22.21x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$393,565

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 109.3% of source-year revenue.

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

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

700%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$8,505,175

Down $281,087 (-3.2%) from 2018

Net Assets

Up

$511,048

Up $84,786 (+20%) from 2018

Liabilities

Down

$7,994,127

Down $365,873 (-4.4%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin82nd percentile

Revenue

Up

$360,000

Up $315,000 (+700%) from 2018

Expenses

Up

$265,214

Up $224,556 (+552%) from 2018

Net Income

Up

$94,786

Up $90,444 (+2083%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$10M$5.0M$0Assets 2018: $8,786,262Liabilities 2018: $8,360,000Net Assets 2018: $426,2622018Assets 2019: $8,505,175Liabilities 2019: $7,994,127Net Assets 2019: $511,0482019Assets 2020: $8,589,292Liabilities 2020: $8,006,391Net Assets 2020: $582,9012020Assets 2021: $8,718,225Liabilities 2021: $8,030,173Net Assets 2021: $688,0522021Assets 2022: $8,808,910Liabilities 2022: $8,033,955Net Assets 2022: $774,9552022Assets 2023: $8,695,466Liabilities 2023: $7,880,322Net Assets 2023: $815,1442023Assets 2024: $8,685,129Liabilities 2024: $7,869,985Net Assets 2024: $815,1442024

Highlighted filing

2019

Assets$8,505,175
Liabilities$7,994,127
Net Assets$511,048
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$600K$400K$200K$0Revenue 2018: $45,000Expenses 2018: $40,658Net Income 2018: $4,3422018Revenue 2019: $360,000Expenses 2019: $265,214Net Income 2019: $94,7862019Revenue 2020: $360,000Expenses 2020: $288,147Net Income 2020: $71,8532020Revenue 2021: $360,000Expenses 2021: $270,002Net Income 2021: $89,9982021Revenue 2022: $360,000Expenses 2022: $273,097Net Income 2022: $86,9032022Revenue 2023: $456,228Expenses 2023: $205,790Net Income 2023: $250,4382023Revenue 2024: $360,000Expenses 2024: $292,954Net Income 2024: $67,0462024

Highlighted filing

2019

Revenue$360,000
Expenses$265,214
Net Income$94,786
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.0
Gross Receipts
$360,000
Mission and Program Overview

Mission

The organization is organized and at all times shall be operated exclusively for the benefit of trinity basin preparatory, inc., a texas non-profit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,848,916$5,079,627▲ $230,711
Cash and Non-Interest-Bearing Accounts$395,477$382,354▼ $13,123
Savings and Temporary Cash Investments$306,250$263,750▼ $42,500
Other Notes and Loans Receivable, Net$45,000$0▼ $45,000
Prepaid Expenses and Deferred Charges$99$97▼ $2
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,375,089$8,505,175▲ $130,086
Other Assets Total$2,779,347$2,779,347→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,948,827$7,962,609▲ $13,782
Accounts Payable and Accrued Expenses-$31,518-
Total Liabilities$7,948,827$7,994,127▲ $45,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,262$511,048▲ $84,786
Total Net Assets Fund Balance$426,262$511,048▲ $84,786
Total Liabilities and Net Assets / Fund Balance$8,375,089$8,505,175▲ $130,086

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,079,627$191,804-
Other Assets Org$2,779,347--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleOtherTotal
Julia GomezDirector$41,854$41,854

Board Members and Trustees

NameTitle
Randal ShafferPresident
Gene ZhuDirector
Ken PetreeDirector
William MaysDirector
Trey VarnerSecretary
James DworkinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$360,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$94,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,214
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
Depreciation Depletion$152,129--$152,129
Interest$60,585--$60,585
Other Expenses$42,500--$42,500
Fees for Services Accounting$10,000--$10,000
Total Functional Expenses$265,214$0$0$265,214
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is reviewed by the President, Treasurer and Secretary for accuracy and content. The final Form 990 is sent to the Board of Directors prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members recuse themselves from any vote which may seem prejudicial based upon interests.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Tbp Panola Project Inc
EIN
83-2368022
Phone
2149469100
Address
2730 N STATE HIGHWAY 360, GRAND PRAIRIE, TX 75050

Signing Officer

Name
Randal Shaffer
Title
CEO
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randal Shaffer
Formed
2018
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
3
Employees
0
Volunteers
7

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Adjustment for prepaid audit expense in fy 2018 = -$10000”

Financial Statement Notes

Part X : FIN48 Footnote

“The Project is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and is not a private foundation as defined in the Code. Income generated from activities unrelated to the Projects exempt purpose is subject to tax under Code Section 511. The Project had no unrelated business income for the year ended December 31, 2019. Accordingly, no provision has been made for federal income tax in the accompanying consolidated financial statements. GAAP requires the evaluation of tax positions taken in the course of preparing the Projects tax return and recognition of a tax liability (or asset) if the Project has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Project, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements.”

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311614490
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0360000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TRINITY BASIN PREPARATORY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0360000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05079627
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0191804
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05271431
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02779347
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LEASEHOLD INTEREST IN LAND
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Project is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and is not a private foundation as defined in the Code. Income generated from activities unrelated to the Projects exempt purpose is subject to tax under Code Section 511. The Project had no unrelated business income for the year ended December 31, 2019. Accordingly, no provision has been made for federal income tax in the accompanying consolidated financial statements. GAAP requires the evaluation of tax positions taken in the course of preparing the Projects tax return and recognition of a tax liability (or asset) if the Project has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Project, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05079627
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02779347
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt016800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt214200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0141880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2136133
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt131565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt227341
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt09000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt112000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt210541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES DWORKIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RANDAL SHAFFER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TREY VARNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0195185
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1393565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2188215
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the President, Treasurer and Secretary for accuracy and content. The final Form 990 is sent to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members recuse themselves from any vote which may seem prejudicial based upon interests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT FOR PREPAID AUDIT EXPENSE IN FY 2018 = -$10000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TRINITY BASIN PREPARATORY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311614490
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02730 N STATE HIGHWAY 360
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GRAND PRAIRIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075050
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0360000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TRINITY BASIN PREPARATORY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08375089
IRS990/TotalAssetsEOYAmt08505175
IRS990/TotalAssetsGrp/BOYAmt08375089
IRS990/TotalAssetsGrp/EOYAmt08505175
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265214
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265214
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$8,505,175
Liabilities
$7,994,127
Net assets
$511,048
Revenue
$360,000
Expenses
$265,214
Net income
$94,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$7.87$0.82$0.36$0.29$0.07
2023Detailed filing. Detailed filing data is available for this year.$8.70$7.88$0.82$0.46$0.21$0.25
2022Detailed filing. Detailed filing data is available for this year.$8.81$8.03$0.77$0.36$0.27$0.09
2021Detailed filing. Detailed filing data is available for this year.$8.72$8.03$0.69$0.36$0.27$0.09
2020Detailed filing. Detailed filing data is available for this year.$8.59$8.01$0.58$0.36$0.29$0.07
2019Detailed filing. Detailed filing data is available for this year.$8.51$7.99$0.51$0.36$0.27$0.09
2018Summary only. Only limited summary data is available for this year.$8.79$8.36$0.43$0.05$0.04$0.00