Mary E Bivins Foundation

Nonprofit profile at a glance

EIN
750842370
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Amarillo, TX, USA
Phone
8063799400
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$6,679,938
Expenses
$4,717,386
Assets
$153,574,759
Liabilities
$1,006,153

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KATHARYN WIEGAND (PRESIDENT)

Highest reported compensation

  • KATHARYN WIEGAND (PRESIDENT): $279,789 total reported compensation
  • PAUL SNEED (CHIEF FIN OF): $212,188 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mary e. Bivins foundation, a Texas non-profit corporation, was formed in 1949. The purposes / mission for which the corporation was formed are: (a) to operate for the benefit of nursing homes established for worthy, aged, and needy persons. (b) to operate for the benefit of nursing homes established for worthy, aged, and needy persons suffering from alzheimers disease. (c) to operate for the benefit of worthy religious undertakings, including the education of ministers to preach the christian religion. (d) to operate for the benefit of worthy charitable organizations or undertakings which serve worthy, aged, or needy persons. (e) to be organized and operated in a manner to support or benefit one or more specified publicly supported organizations pursuant to section 1.509(a)-4(d) of the treasury regulations. (f) to be organized and operated in a manner to exclusively support religious, charitable, or educational purposes pursuant to section 501(c)(3) of the internal revenue code. (g

What it reported doing in 2024

Provides funds to assist worthy christian religious undertakings that address critical community needs to educate ministers to preach the christian religion. Scholarships are currently restricted to upper-classmen seeking an undergraduate or graduate education leading to a bachelors, masters, doctorate in a field that prepares the student to preach the christian religion.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 82
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.3%; rating input score 86
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.3%; rating input score 99; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 32.56; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -0.9% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 86.3% of revenue deployed · 71.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $280K · 11 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $377K reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 66 filed money-flow records
  • Related organizations: 66 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.