Developing a Data State of Mind - Paul Overberg - Austin NewsTrain - Aug. 22-23, 2014

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NewsTrain instructor Paul Overberg illustrates how to develop a data state of mind by using the variety of public information available in one town: Kerrville, Texas. Among the documents discussed: Form SF-SAC for audits of local governments and agencies receiving federal funds, IRS Form 990 for tax returns of nonprofits, the Municipal Securities Rulemaking Board's EMMA website for municipal bond documents, and Form 5500 for annual reports on local companies' pensions and 401(k) plans. Overberg, database editor for USA Today, delivered this presentation as part of the NewsTrain workshop in Austin, Texas, on Aug. 22-23, 2014. Please see an associated handout -- Finding News in an IRS Form 990. For more information about NewsTrain, a traveling workshop for journalists sponsored by Associated Press Media Editors, please visit http://www.apme.com/?AboutNewsTrain.

Data & Analytics

Developing a
Data State of Mind
Paul Overberg
USA TODAY
@poverberg
NewsTrain Austin
Aug. 22-23, 2014

Where we’re going today
 Thinking
about data
 Groups →
documents/data
→ people
 Let’s focus:
1 small town
 Set course:
Kerrville

Kerrville (pop. 22,663)
 Hill Country
 Guadalupe River
 Kerr County seat
 Arts festivals
 River tourism
Photo by Flickr user Jimmy Emerson DVM

Data on government
 376-page annual
budget!
 307 FTEs, going
to 305 next year?
 Planning $500K
cut due to new
fire/library pact
with county

Form SF-SAC
 Audits of local
governments,
not-for-profits
getting federal $
 Kerrville in
2012: 5 groups
harvester.census.gov/sac/dissem/accessoptions.html

Form SF-SAC
 Kerrville
Independent
School Dist.

Form SF-SAC
 $6M in
federal funds
 School
budget lists
about $2.5M
 Full school
budget: $35M

Form SF-SAC
 Schreiner
University:
$9.7M
 Hill Country
Crisis Council
$526K
 K’Star $670K
 Hill Country
Mental Health
$2.2M

Data on not-for-profits
 IRS Form 990,
Form 990-PF
 Easiest access:
GuideStar.org
 Register free
 Right now!
 Do local search!

Form 990
 Kerrville: 323!
 $25K to $100K: 47
 $100K to $500K: 51
 $500K to $1M: 12
 Over $1M: 23!

Form 990
 Read and
compare from
recent years
 Community
road map

Form 990
 Perry &
Ruby Stevens
Foundation:
$54M in assets
 Example of
Form 990-PF:
private
foundation

Butt Foundation
 H.E. Butt
Foundation
 Contributions:
2012: $ 16M
2011: $107M
2010: $ 20M

Butt Foundation
 Moved
strongly
into stock
market

Butt Foundation
 Page 7: Charitable amounts but no details

Butt Foundation
 Page 7: Charitable amounts but no details
 Page 45: Details!

Butt Foundation
 Laity Lodge:
“ecumenical Christian
retreat center”
 Youth camps, family
and group retreats
 Laity Renewal
Foundation: 39 retreats
in 2012, 1,728 guests

Butt Foundation
 Founding family
controls all 3
foundations
 Foundations
share staff
 No independent
directors
Butt Foundation
(Assets: $227 million)
Laity Renewal
(Assets: $14 million)
Laity Lodge
(Assets: $11 million)

Butt Foundation
 H-E-B: Privately owned
supermarket chain (1905)
 350 stores, $20B annual
revenue
 Forbes: Top 15 private
companies

A few others (2012 assets)
 Floyd & Kathleen Cailloux Foundation: $91M
 Hal & Charlie Peterson Foundation: $53M
 Kathleen Cailloux Family Foundation: $16M
 Edward and Sally Futch Foundation: $11M
 Roy & Ingaborg Randolph Foundation: $2M

Municipal bond documents
 Like
prospectus for
mutual funds
 Wealth of
background

Health/retirement plans
 Form 5500:
Annual reports
on pension and
401(k) plans
 Since 2009:
Labor Dept.
search portal
efast.dol.gov/portal/app/disseminate

Health/retirement plans
 Better: FreeERISA.com (free registration required)
 ZIP search
freeerisa.benefitspro.com/5500/level.aspx

Health/retirement plans
freeerisa.benefitspro.com/5500/level.aspx

Exercises
 1. What local group is so important that your
newsroom should start and keep up …
… a Document Dossier!
 2. Turn to your handout:
Peterson Regional Medical Center

Questions?
Thank you!
poverberg@usatoday.com
@poverberg

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