Civic Intelligence

Tbp Panola Project Inc.

990 • Fiscal year 2020 • EIN 83-2368022

Jan 01, 2020 to Dec 31, 2020 • Filed on May 28, 2021

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

0.93x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

22.24x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

75th percentile

20%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$339,610

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 94.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

33rd percentile

1.0%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

0.0%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$8,589,292

Up $84,117 (+1.0%) from 2019

Net Assets

Up

$582,901

Up $71,853 (+14%) from 2019

Liabilities

Up

$8,006,391

Up $12,264 (+0.2%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin75th percentile

Revenue

Flat

$360,000

Flat from 2019

Expenses

Up

$288,147

Up $22,933 (+8.6%) from 2019

Net Income

Down

$71,853

Down $22,933 (-24%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2020

Assets$8,589,292
Liabilities$8,006,391
Net Assets$582,901
Open 2020 Filing

Operations Trend

Revenue Growth45th 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

2020

Revenue$360,000
Expenses$288,147
Net Income$71,853
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 28, 2021
Return Version
2020v4.0
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$5,079,627$4,926,184▼ $153,443
Cash and Non-Interest-Bearing Accounts$382,354$407,411▲ $25,057
Other Notes and Loans Receivable, Net-$240,000-
Savings and Temporary Cash Investments$263,750$236,253▼ $27,497
Prepaid Expenses and Deferred Charges$97$97→ $0
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$8,505,175$8,589,292▲ $84,117
Other Assets Total$2,779,347$2,779,347→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,962,609$7,976,391▲ $13,782
Accounts Payable and Accrued Expenses$31,518$30,000▼ $1,518
Total Liabilities$7,994,127$8,006,391▲ $12,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$511,048$582,901▲ $71,853
Total Net Assets Fund Balance$511,048$582,901▲ $71,853
Total Liabilities and Net Assets / Fund Balance$8,505,175$8,589,292▲ $84,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,926,184$345,247-
Other Assets Org$2,779,347--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleOtherTotal
James DworkinTreasurer$103,422$103,422
Julia GomezDirector$35,684$35,684

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$360,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$71,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,147
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$167,225--$167,225
Interest$30,292--$30,292
Other Expenses$27,500--$27,500
Fees for Services Accounting$10,000--$10,000
Total Functional Expenses$288,147$0$0$288,147
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
2021-05-28
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

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, 2020. 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, 2020, 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/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311614490
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TRINITY BASIN PREPARATORY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04926184
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0345247
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, 2020. 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, 2020, 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/TotalBookValueLandBuildingsAmt04926184
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02779347
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1144665
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt127309
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt110542
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDAL SHAFFER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TREY VARNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0339610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1182516
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/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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08505175
IRS990/TotalAssetsEOYAmt08589292
IRS990/TotalAssetsGrp/BOYAmt08505175
IRS990/TotalAssetsGrp/EOYAmt08589292
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288147
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288147
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07994127
IRS990/TotalLiabilitiesEOYAmt08006391
IRS990/TotalLiabilitiesGrp/BOYAmt07994127
IRS990/TotalLiabilitiesGrp/EOYAmt08006391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0511048
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0582901
IRS990/TotalOtherCompensationAmt084719
IRS990/TotalProgramServiceExpensesAmt0288147
IRS990/TotalProgramServiceRevenueAmt0360000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0360000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0360000
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08505175
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08589292
IRS990/TotReportableCompRltdOrgAmt0576513
IRS990/TravelGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,589,292
Liabilities
$8,006,391
Net assets
$582,901
Revenue
$360,000
Expenses
$288,147
Net income
$71,853
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