Civic Intelligence

San Marcos Industrial Foundation

EIN 90-0050273 • 501(c)6 • San Marcos, TX

Profile

Created by chamber to foster development of new economic factors in the san marcos, texas area through grants to promote business growth and development.

315 Pauls DriveSan Marcos, TX 78666

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

5th percentile

-34%

Higher net margin than 5% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$959,830

Down $38,203 (-3.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$959,830

Down $38,203 (-3.8%) from 2022

Operations
Liabilities / Revenue26th percentileNet Margin5th percentile

Revenue

Up

$13,264

Up $12,685 (+2191%) from 2022

Expenses

Up

$51,467

Up $49,735 (+2872%) from 2022

Net Income

Down

-$38,203

Down $37,050 (-3213%) from 2022

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $732,765Liabilities 2012: $3,252Net Assets 2012: $729,5132012Assets 2013: $982,446Liabilities 2013: $2Net Assets 2013: $982,4442013Assets 2014: $1,014,200Liabilities 2014: $0Net Assets 2014: $1,014,2002014Assets 2020: $999,619Liabilities 2020: $0Net Assets 2020: $999,6192020Assets 2021: $999,186Liabilities 2021: $0Net Assets 2021: $999,1862021Assets 2022: $998,033Liabilities 2022: $0Net Assets 2022: $998,0332022Assets 2023: $959,830Liabilities 2023: $0Net Assets 2023: $959,8302023

Highlighted filing

2023

Assets$959,830
Liabilities$0
Net Assets$959,830
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2012: $50,0382012Revenue 2013: $290,433Expenses 2013: $37,502Net Income 2013: $252,9312013Revenue 2014: $34,968Expenses 2014: $3,214Net Income 2014: $31,7542014Revenue 2020: $3,482Expenses 2020: $11,701Net Income 2020: -$8,2192020Revenue 2021: $1,289Expenses 2021: $1,722Net Income 2021: -$4332021Revenue 2022: $579Expenses 2022: $1,732Net Income 2022: -$1,1532022Revenue 2023: $13,264Expenses 2023: $51,467Net Income 2023: -$38,2032023

Highlighted filing

2023

Revenue$13,264
Expenses$51,467
Net Income-$38,203
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$959,830
Liabilities
$0
Net assets
$959,830
Revenue
$13,264
Expenses
$51,467
Net income
-$38,203
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.01$0.05$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.00$0.01$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.03$0.00$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.29$0.04$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$13,264
Mission and Program Overview

Mission

Created by chamber to foster development of new economic factors in the san marcos, texas area through grants to promote business growth and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$244,034$959,830▲ $715,796
Cash and Non-Interest-Bearing Accounts$753,999--
Total Assets$998,033$959,830▼ $38,203
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$998,033$959,830▼ $38,203
Total Net Assets Fund Balance$998,033$959,830▼ $38,203
Total Liabilities and Net Assets / Fund Balance$998,033$959,830▼ $38,203
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
John NavarrettePresident
Barry BreedSecretary
John FergusonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,264
Other Revenue
$0
Change in Net Assets
$-38,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,467
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
Benefits to Members$50,000--$50,000
Insurance-$942-$942
Fees for Services Accounting-$525-$525
Total Functional Expenses$50,000$1,467$0$51,467
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“All documents are available for public inspection, upon request”

Filing and Contact Details

Filer

Filer Name
San Marcos Industrial Foundation
EIN
90-0050273
Phone
5127576999
Address
315 PAULS DRIVE, SAN MARCOS, TX 78666

Signing Officer

Name
John Navarrette
Title
President
Phone
5127576999
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Navarrette
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Rick C Reed & Company Pllc
Address
321 CHEATHAM ST, SAN MARCOS, TX 78666
Preparer
David a Crumbaugh
Phone
5123530200
Raw XML Appendix218 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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