Civic Intelligence

Faulkner University Foundation

990 • Fiscal year 2018 • EIN 06-1697483

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

Organization ProfileN/A
5345 Atlanta HighwayMontgomery, AL 36109

(334) 386-7274

Siviq Scores

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

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

2790.19x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-282%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$288,093

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 69420.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

14th percentile

-9.9%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$1,282,418

Down $141,087 (-9.9%) from 2017

Net Assets

Down

$124,491

Down $43,326 (-26%) from 2017

Liabilities

Down

$1,157,927

Down $97,761 (-7.8%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$415

Down $17,526 (-98%) from 2017

Expenses

Down

$1,584

Down $119,509 (-99%) from 2017

Net Income

Up

-$1,169

Up $101,983 (+99%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2015: $1,450,949Liabilities 2015: $1,204,669Net Assets 2015: $246,2802015Assets 2016: $1,448,311Liabilities 2016: $1,177,342Net Assets 2016: $270,9692016Assets 2017: $1,423,505Liabilities 2017: $1,255,688Net Assets 2017: $167,8172017Assets 2018: $1,282,418Liabilities 2018: $1,157,927Net Assets 2018: $124,4912018Assets 2019: $1,433,217Liabilities 2019: $1,260,145Net Assets 2019: $173,0722019Assets 2020: $1,500,804Liabilities 2020: $1,266,401Net Assets 2020: $234,4032020Assets 2021: $1,178,956Liabilities 2021: $1,188,294Net Assets 2021: -$9,3382021Assets 2022: $1,787,084Liabilities 2022: $1,790,485Net Assets 2022: -$3,4012022Assets 2023: $1,553,099Liabilities 2023: $1,555,054Net Assets 2023: -$1,9552023Assets 2024: $1,639,248Liabilities 2024: $1,641,347Net Assets 2024: -$2,0992024

Highlighted filing

2018

Assets$1,282,418
Liabilities$1,157,927
Net Assets$124,491
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$400K$200K$0-$200K-$400KRevenue 2015: -$4,002Expenses 2015: $47,387Net Income 2015: -$51,3892015Revenue 2016: $35,123Expenses 2016: $10,434Net Income 2016: $24,6892016Revenue 2017: $17,941Expenses 2017: $121,093Net Income 2017: -$103,1522017Revenue 2018: $415Expenses 2018: $1,584Net Income 2018: -$1,1692018Revenue 2019: $948Expenses 2019: $3,500Net Income 2019: -$2,5522019Revenue 2020: $19Expenses 2020: $1,550Net Income 2020: -$1,5312020Revenue 2021: $20,918Expenses 2021: $305,166Net Income 2021: -$284,2482021Revenue 2022: $26,416Expenses 2022: $20,479Net Income 2022: $5,9372022Revenue 2023: $6,900Expenses 2023: $5,454Net Income 2023: $1,4462023Revenue 2024: $5,349Expenses 2024: $5,493Net Income 2024: -$1442024

Highlighted filing

2018

Revenue$415
Expenses$1,584
Net Income-$1,169
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$415
Mission and Program Overview

Mission

The foundation is organized exclusively for charitable, religious, educational, literary and scientific purposes to fulfill christian education at faulkner university,churches and other educational charities

To support faulkner university in its purpose to glorify god through education, emphasing integrity of character in a christian environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,421,164$1,280,071▼ $141,093
Cash and Non-Interest-Bearing Accounts$2,341$2,347▲ $6
Total Assets$1,423,505$1,282,418▼ $141,087
Liabilities
Other Liabilities$1,255,688$1,157,927▼ $97,761
Total Liabilities$1,255,688$1,157,927▼ $97,761
Net Assets / Fund Balance
Temporarily Rstr Net Assets$167,817$124,491▼ $43,326
Total Net Assets Fund Balance$167,817$124,491▼ $43,326
Total Liabilities and Net Assets / Fund Balance$1,423,505$1,282,418▼ $141,087
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Dr John TysonTrustee$143,183$143,183
Wilma PhillipsSecretary/treasurer$117,959$117,959
Jamie HornTrustee$108,299$108,299
Barry BufordVice President$15,113$15,113

Board Members and Trustees

NameTitle
Dr Billy D HilyerPresident
Dr Mike WilliamsTrustee
Hon Carole MedleyTrustee
Ted NortonTrustee
Henry ParkerTrustee - Outgoing
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$15,433
Other Revenue
$-15,018
Change in Net Assets
$-1,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,584
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
Fees for Services Accounting-$1,500-$1,500
Office Expenses-$84-$84
Total Functional Expenses$0$1,584$0$1,584
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Liabilities$1,157,927
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the secretary/treasurer prior to its filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is provided with a copy of the conflict of interest policy which includes a duty to disclose any conflicts. Any disclosed conflicts are reviewed and addressed by the board in accordance with the policy.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available upon request”

Filing and Contact Details

Filer

Filer Name
Faulkner University Foundation
EIN
06-1697483
Phone
3343867274
Address
5345 ATLANTA HIGHWAY, MONTGOMERY, AL 36109

Signing Officer

Name
Wilma D Phillips
Title
Treasurer
Phone
3343867274
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wilma D Phillips
Formed
2003
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
2
Employees
0
Volunteers
6

Preparer

Firm
Jackson Thornton & Co Pc
Address
PO BOX 96, MONTGOMERY, AL 36101-0096
Preparer
Christine K Cook
Phone
3348347660
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process for oversight or selection did not change from the previous year.”

Raw XML AppendixShowing 400 of 422 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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IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE - OUTGOING
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt040264
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110897
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt024243
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt132181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR BILLY D HILYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DR MIKE WILLIAMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0153742
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1288093
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE SECRETARY/TREASURER PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY WHICH INCLUDES A DUTY TO DISCLOSE ANY CONFLICTS. ANY DISCLOSED CONFLICTS ARE REVIEWED AND ADDRESSED BY THE BOARD IN ACCORDANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR OVERSIGHT OR SELECTION DID NOT CHANGE FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FAULKNER UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0630329409
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL INSTITUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05345 ATLANTA HIGHWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MONTGOMERY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd036109
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0124491
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01423505
IRS990/TotalAssetsEOYAmt01282418
IRS990/TotalAssetsGrp/BOYAmt01423505
IRS990/TotalAssetsGrp/EOYAmt01282418
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01584
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01255688
IRS990/TotalLiabilitiesEOYAmt01157927
IRS990/TotalLiabilitiesGrp/BOYAmt01255688
IRS990/TotalLiabilitiesGrp/EOYAmt01157927
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0124491
IRS990/TotalOtherCompensationAmt0148282
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0415
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0415
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01423505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01282418
IRS990/TotReportableCompRltdOrgAmt0678107
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05345 ATLANTA HIGHWAY
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036109
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILMA D PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03343867274
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAULKNER UNIVERSITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FAUL
ReturnHeader/Filer/EIN0061697483
ReturnHeader/Filer/PhoneNum03343867274
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ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,282,418
Liabilities
$1,157,927
Net assets
$124,491
Revenue
$415
Expenses
$1,584
Net income
-$1,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$1.64$0.00$0.01$0.01$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.55$1.56$0.00$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.79$1.79$0.00$0.03$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.18$1.19$0.01$0.02$0.31$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.50$1.27$0.23$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.43$1.26$0.17$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.28$1.16$0.12$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.42$1.26$0.17$0.02$0.12$0.10
2016Summary only. Only limited summary data is available for this year.$1.45$1.18$0.27$0.04$0.01$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.45$1.20$0.25$0.00$0.05$0.05