Lee Bivins Foundation
- Assets
- $9.9m
- Revenue
- $49.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Amarilllo, TX
- Founding
- 11/2002
- Data as of
- 09/2023
- EIN
- 75-3009699
Organization Overview
Lee Bivins Foundation is located in Amarilllo, TX. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Bivins Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Lee Bivins Foundation generated $49.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD, ESTABLISH AND MAINTAIN IN THE CITY OF AMARILLO, TEXAS, OR IN THE VICINITY THEREOF, EITHER IN POTTER OR RANDALL COUNTIES, A HOME OR HOMES FOR WORTHY, AGED AND NEEDY PERSONS, AND TO OPERATE SUCH HOMES, EXPAND, BUILD OR REBUILD ANY SUCH HOMES AND TO DO EACH AND EVERYTHING WHATSOEVER NECESSARY, REQUISITE OR INCIDENT THERETO. PREFERENCE SHALL BE GIVEN IN ADMISSION TO SAID HOMES TO THOSE WHO HAVE LIVED AND PRACTICED THE CHRISTIAN RELIGION. THE PURPOSES STATED IN THIS SUBSECTION SHALL BE DEEMED THE PRIMARY PURPOSE OF THE CORPORATION AND THE MAINTENANCE AND OPERATION OF SAID HOMES SHALL AT ALL TIMES HAVE PREFERENCE IN THE USE OF INCOME AND/OR CORPUS OF PROPERTY BELONGING TO THE CORPORATION OR HELD IN TRUST FOR IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVIOUSLY THROUGH MAY 1, 2021, THE FOUNDATION OPERATED BIVINS POINTE, WHICH FACILITY AND OPERATIONS PROVIDED HIGH QUALITY HEALTHCARE FOR SENIOR ADULTS IN THE NORTHERN 26 COUNTIES OF THE TEXAS PANHANDLE, REGARDLESS OF INCOME. THE LIVING ENVIRONMENT AND STANDARD OF CARE WAS OF THE HIGHEST QUALITY. ALL LIVING ENVIRONMENTS WERE PRIVATE ROOMS, WITH PRIVATE BATHS. THE SUPPORT OF SKILLED NURSING CARE WAS OUR PRIMARY FINANCIAL FOCUS. HOWEVER EFFECTIVE MAY 1, 2021, THE ORGANIZATION CEASED ALL OPERATIONS OF BIVINS POINTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharyn Wiegand President | Officer | 20 | $0 |
Paul Sneed Chief Fin Of | Officer | 20 | $0 |
Steve Urban MD Chairman | OfficerTrustee | 1 | $0 |
Mark Bivins Vice Chairma | OfficerTrustee | 1 | $0 |
Puff Niegos Secretary | OfficerTrustee | 1 | $0 |
Dr Bud Joyner PHD Past Board C | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,845 |
| Investment income | $3,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,763 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,203 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,555 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,184 |
| Insurance | $282,289 |
| All other expenses | $0 |
| Total functional expenses | $1,383,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,699 |
| Savings and temporary cash investments | $5,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,210,696 |
| Prepaid expenses and deferred charges | $246,473 |
| Net Land, buildings, and equipment | $8,383,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,902,868 |
| Accounts payable and accrued expenses | $16,414 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,646,346 |
| Total liabilities | $3,662,760 |
| Net assets without donor restrictions | $6,240,108 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,902,868 |