Civic Intelligence

Decoursey Properties

990 • Fiscal year 2019 • EIN 84-2054790

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

801 S Fillmore Suite 700Amarillo, TX 79101

(806) 376-4521

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$266,809

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M 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

Assets

$1,215,624

No earlier filing loaded for comparison.

Net Assets

$1,213,176

No earlier filing loaded for comparison.

Liabilities

$2,448

No earlier filing loaded for comparison.

Revenue

$1,250,000

No earlier filing loaded for comparison.

Expenses

$36,824

No earlier filing loaded for comparison.

Net Income

$1,213,176

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2019: $1,215,624Liabilities 2019: $2,448Net Assets 2019: $1,213,1762019Assets 2020: $2,503,688Liabilities 2020: $0Net Assets 2020: $2,503,6882020Assets 2021: $7,188,504Liabilities 2021: $0Net Assets 2021: $7,188,5042021Assets 2022: $11,929,880Liabilities 2022: $652,044Net Assets 2022: $11,277,8362022Assets 2023: $11,354,590Liabilities 2023: $25,538Net Assets 2023: $11,329,0522023Assets 2024: $11,115,131Liabilities 2024: $13,390Net Assets 2024: $11,101,7412024

Highlighted filing

2019

Assets$1,215,624
Liabilities$2,448
Net Assets$1,213,176

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $1,250,000Expenses 2019: $36,824Net Income 2019: $1,213,1762019Revenue 2020: $1,314,433Expenses 2020: $23,921Net Income 2020: $1,290,5122020Revenue 2021: $6,250,317Expenses 2021: $1,565,501Net Income 2021: $4,684,8162021Revenue 2022: $4,231,028Expenses 2022: $141,696Net Income 2022: $4,089,3322022Revenue 2023: $166,306Expenses 2023: $115,090Net Income 2023: $51,2162023Revenue 2024: $88,410Expenses 2024: $315,721Net Income 2024: -$227,3112024

Highlighted filing

2019

Revenue$1,250,000
Expenses$36,824
Net Income$1,213,176
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$1,250,000
Mission and Program Overview

Mission

A supporting organization of the amarillo area foundation, inc. (aaf) to 1)acquire and renovate real property that will be used to house the offices and staff of aaf, and also the operations of aaf's nonprofit service center and 2)serve as the recipient of charitable gifts of real property that the donor would otherwise convey directly to aaf.

A supporting organization of the amarillo area foundation, inc. (aaf) to 1)acquire and renovate real property that will be used to house the offices and staff of aaf, and also the operations of aaf's nonprofit service center and 2)serve as the recipient of charitable gifts of real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,183,315-
Cash and Non-Interest-Bearing Accounts-$32,309-
Total Assets$0$1,215,624▲ $1,215,624
Liabilities
Accounts Payable and Accrued Expenses-$2,448-
Total Liabilities$0$2,448▲ $2,448
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,213,176-
Total Net Assets Fund Balance$0$1,213,176▲ $1,213,176
Total Liabilities and Net Assets / Fund Balance$0$1,215,624▲ $1,215,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$646,851-$646,851
Land$536,464-$536,464
Compensation and Service Providers

Employees

NameTitleOtherTotal
Clay StriblingPresident &$266,809$266,809
Trent HillVP of Develo$162,596$162,596
Stephania JonesAssistant Se$153,890$153,890

Board Members and Trustees

NameTitle
Jackie PearsonChair
Clay StriblingPresident & CEO
Roy BaraVice Chair
David PrescottDirector
Jason HerrickDirector
Mark BivinsDirector
Mike HughesDirector
Richard Ware IiDirector
Rogers DykeDirector
Vanessa BuzzardDirector
Stephania JonesAssistant Secretary
Lori HenkeSecretary/tr
Trent HillVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$1,250,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,213,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,824
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
Insurance$23,311--$23,311
Other Expenses$5,268--$5,268
Office Expenses$95--$95
Total Functional Expenses$36,824$0$0$36,824
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
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 11B

The form 990 is delivered to the audit committee for review. The audit committee has been delegated the review and approval responsibilities by the full board.

Form 990, Page 6, Part VI, Line 12C

It is the foundation's policy to deal with conflicts in an open manner (1) through an annual disclosure statement of memberships and affiliations for board and staff, and (2) through clear identification of actual or apparent conflicts of interest as they arise. In the case of such conflicts or the appearance thereof, board and staff members are expected to disclose the conflict prior to the foundation making any related decisions. If a conflict of interest is present, the director or staff member involved must identify the conflict and may, at the request of the board or committee, remain in the room to answer questions of a factual nature that may assist the board or committee in its deliberations. Board members having a conflict of interest on a given issue shall not vote on that issue.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and conflict of interest policy is available to the public upon request. The organization's financial statements are available to the public through the form 990.

Filing and Contact Details

Filer

Filer Name
Decoursey Properties
EIN
84-2054790
Phone
8063764521
Address
801 S FILLMORE SUITE 700, AMARILLO, TX 79101

Signing Officer

Name
Clay Stribling
Title
President & CEO
Phone
8063764521
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clay Stribling
Formed
2019
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Connor Mcmillon Mitchell & Shennum Pllc
Address
801 S FILLMORE ST STE 600, AMARILLO, TX 79101
Preparer
Gary D Mitchell
Phone
8063736661
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

A supporting organization of the amarillo area foundation, inc. (aaf) to 1)acquire and renovate real property that will be used to house the offices and staff of aaf, and also the operations of aaf's nonprofit service center and 2)serve as the recipient of charitable gifts of real property that the donor would otherwise convey directly to aaf.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(a) as an organization described in section 501(c)(3) of the code and has been determined not to be a private foundation under section 509(a) of the code. As a result, income taxes are not included in the accompanying consolidated financial statements. Management evaluated the organization's tax positions and concluded that the organization has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. At december 31, 2019, the federal statute of limitation remains open for the 2016 through 2019 years.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. AS A RESULT, INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AT DECEMBER 31, 2019, THE FEDERAL STATUTE OF LIMITATION REMAINS OPEN FOR THE 2016 THROUGH 2019 YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A SUPPORTING ORGANIZATION OF THE AMARILLO AREA FOUNDATION, INC. (AAF) TO 1)ACQUIRE AND RENOVATE REAL PROPERTY THAT WILL BE USED TO HOUSE THE OFFICES AND STAFF OF AAF, AND ALSO THE OPERATIONS OF AAF'S NONPROFIT SERVICE CENTER AND 2)SERVE AS THE RECIPIENT OF CHARITABLE GIFTS OF REAL PROPERTY THAT THE DONOR WOULD OTHERWISE CONVEY DIRECTLY TO AAF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS DELIVERED TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE HAS BEEN DELEGATED THE REVIEW AND APPROVAL RESPONSIBILITIES BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE FOUNDATION'S POLICY TO DEAL WITH CONFLICTS IN AN OPEN MANNER (1) THROUGH AN ANNUAL DISCLOSURE STATEMENT OF MEMBERSHIPS AND AFFILIATIONS FOR BOARD AND STAFF, AND (2) THROUGH CLEAR IDENTIFICATION OF ACTUAL OR APPARENT CONFLICTS OF INTEREST AS THEY ARISE. IN THE CASE OF SUCH CONFLICTS OR THE APPEARANCE THEREOF, BOARD AND STAFF MEMBERS ARE EXPECTED TO DISCLOSE THE CONFLICT PRIOR TO THE FOUNDATION MAKING ANY RELATED DECISIONS. IF A CONFLICT OF INTEREST IS PRESENT, THE DIRECTOR OR STAFF MEMBER INVOLVED MUST IDENTIFY THE CONFLICT AND MAY, AT THE REQUEST OF THE BOARD OR COMMITTEE, REMAIN IN THE ROOM TO ANSWER QUESTIONS OF A FACTUAL NATURE THAT MAY ASSIST THE BOARD OR COMMITTEE IN ITS DELIBERATIONS. BOARD MEMBERS HAVING A CONFLICT OF INTEREST ON A GIVEN ISSUE SHALL NOT VOTE ON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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