Civic Intelligence

Houston Colon Foundation

990 • Fiscal year 2022 • EIN 87-4253604

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

3411 Robinhood StHouston, TX 77005

(713) 790-0600

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$305,650

No earlier filing loaded for comparison.

Net Assets

$305,650

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$420,645

No earlier filing loaded for comparison.

Expenses

$114,995

No earlier filing loaded for comparison.

Net Income

$305,650

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.

$400K$300K$200K$100K$0Assets 2022: $305,650Liabilities 2022: $0Net Assets 2022: $305,6502022Assets 2023: $317,625Liabilities 2023: $0Net Assets 2023: $317,6252023Assets 2024: $332,299Liabilities 2024: $0Net Assets 2024: $332,2992024

Highlighted filing

2022

Assets$305,650
Liabilities$0
Net Assets$305,650

Operations Trend

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

$600K$400K$200K$0Revenue 2022: $420,645Expenses 2022: $114,995Net Income 2022: $305,6502022Revenue 2023: $193,403Expenses 2023: $181,428Net Income 2023: $11,9752023Revenue 2024: $207,828Expenses 2024: $193,154Net Income 2024: $14,6742024

Highlighted filing

2022

Revenue$420,645
Expenses$114,995
Net Income$305,650
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$420,645
Mission and Program Overview

Mission

The foundation will conduct research and development programs to evaluate the patient benefits of several emerging technologies and tools in colorectal surgery. This research will be aimed at developing and implementing new technology into practice for colorectal surgeons, trainees, and patients.

SEE ATTACHED SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$305,650▲ $305,650
Rtn Earn Endowment Incm Other Fnds$0$305,650▲ $305,650
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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$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$0$305,650▲ $305,650
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
Total Net Assets Fund Balance$0$305,650▲ $305,650
Total Liabilities and Net Assets / Fund Balance$0$305,650▲ $305,650
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric HaasDirector & President
Joshua CourseyDirector
Jean-paul LefaveDirector & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$420,645
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$420,645
Change in Net Assets
$305,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,483
Other Expenses$49,012
Grants and Similar Amounts Paid$5,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,532$0$0$54,532
Fees for Services Legal$24,759$0$0$24,759
Information Technology$12,474--$12,474
Payroll Taxes$5,893$0$0$5,893
Grants to Domestic Orgs$5,500--$5,500
Advertising$4,536--$4,536
Fees for Services Management$3,040--$3,040
Other Expenses$1,804--$1,804
Occupancy$906--$906
Travel$670$0$0$670
Other Employee Benefits$58$0$0$58
Total Functional Expenses$114,995$0$0$114,995
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
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

Form 990, Part VI, Section B Line 11B

The completed irs form 990 is delivered to the directors of the foundation for the first review. The executive director and president signs the form 8879-te, irs e-file signature authorization for a tax-exempt organization. All directors are furnished copies of form 990 during review, and a copy of the final return is maintained for public inspection, except for schedule b.

Form 990, Part VI, Section B Line 12C

The organization has a written policy for conflict of interest. The organization's directors are covered by the policy established in the bylaws of the foundation.

Form 990 Part VI, Section C Line 19

The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon written or verbal request within a reasonable amount of time. It is available within two weeks at a designated place and time or within 30 days a mailed copy can be sent to the requestor. This form is also available for three years for inspection as well.

Filing and Contact Details

Filer

Filer Name
Houston Colon Foundation
EIN
87-4253604
In Care Of
% ERIC HAAS
Address
3411 ROBINHOOD ST, HOUSTON, TX 77005

Signing Officer

Name
Eric Haas
Title
President
Phone
7137900600
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Haas
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
Eepb
Address
2950 NORTH LOOP W SUITE 1200, HOUSTON, TX 77092
Preparer
Bradley C Mckay
Phone
7136220016
Supplemental Narrative

Additional Explanations

Form 990, Part 1, Line 1

The purpose of the foundation is to (1) conduct research and development programs with regard to emerging technologies and tools for the betterment of colorectal diseases treatment, (2) provide education and outreach programs that will develop educational programs, print media, etc. For the medical community to disseminate best practices for colorectal diseases, (3) make donations to charitable organizations that positively impact the lives of those suffering with diseases of the colon, rectum, and anus, (4) develop collaborative projects with houston methodist research institute, university of houston college of medicine, baylor college of medicine, rice university, and potentially others.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0420645
IRS990ScheduleA/TotalSupportAmt0420645
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE FOUNDATION IS TO (1) CONDUCT RESEARCH AND DEVELOPMENT PROGRAMS WITH REGARD TO EMERGING TECHNOLOGIES AND TOOLS FOR THE BETTERMENT OF COLORECTAL DISEASES TREATMENT, (2) PROVIDE EDUCATION AND OUTREACH PROGRAMS THAT WILL DEVELOP EDUCATIONAL PROGRAMS, PRINT MEDIA, ETC. FOR THE MEDICAL COMMUNITY TO DISSEMINATE BEST PRACTICES FOR COLORECTAL DISEASES, (3) MAKE DONATIONS TO CHARITABLE ORGANIZATIONS THAT POSITIVELY IMPACT THE LIVES OF THOSE SUFFERING WITH DISEASES OF THE COLON, RECTUM, AND ANUS, (4) DEVELOP COLLABORATIVE PROJECTS WITH HOUSTON METHODIST RESEARCH INSTITUTE, UNIVERSITY OF HOUSTON COLLEGE OF MEDICINE, BAYLOR COLLEGE OF MEDICINE, RICE UNIVERSITY, AND POTENTIALLY OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED IRS FORM 990 IS DELIVERED TO THE DIRECTORS OF THE FOUNDATION FOR THE FIRST REVIEW. THE EXECUTIVE DIRECTOR AND PRESIDENT SIGNS THE FORM 8879-TE, IRS E-FILE SIGNATURE AUTHORIZATION FOR A TAX-EXEMPT ORGANIZATION. ALL DIRECTORS ARE FURNISHED COPIES OF FORM 990 DURING REVIEW, AND A COPY OF THE FINAL RETURN IS MAINTAINED FOR PUBLIC INSPECTION, EXCEPT FOR SCHEDULE B.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN POLICY FOR CONFLICT OF INTEREST. THE ORGANIZATION'S DIRECTORS ARE COVERED BY THE POLICY ESTABLISHED IN THE BYLAWS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST WITHIN A REASONABLE AMOUNT OF TIME. IT IS AVAILABLE WITHIN TWO WEEKS AT A DESIGNATED PLACE AND TIME OR WITHIN 30 DAYS A MAILED COPY CAN BE SENT TO THE REQUESTOR. THIS FORM IS ALSO AVAILABLE FOR THREE YEARS FOR INSPECTION AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI, SECTION C LINE 19
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IRS990/TotalContributionsAmt0420645
IRS990/TotalEmployeeCnt04
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0114995
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0305650
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TravelGrp/TotalAmt0670
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
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IRS990/USAddress/AddressLine1Txt03411 ROBINHOOD ST
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077005
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC HAAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07137900600
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOUSTON COLON FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
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ReturnHeader/Filer/InCareOfNm0% ERIC HAAS
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ReturnHeader/Filer/USAddress/ZIPCd077005
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EEPB
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02950 NORTH LOOP W SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077092
ReturnHeader/PreparerPersonGrp/PhoneNum07136220016
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY C MCKAY
ReturnHeader/ReturnTs02023-11-15T14:05:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAAS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

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