Civic Intelligence

Faulkner University Foundation

990 • Fiscal year 2019 • EIN 06-1697483

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

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

0.88x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

1329.27x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-269%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$291,842

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 30785.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

128%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$1,433,217

Up $150,799 (+12%) from 2018

Net Assets

Up

$173,072

Up $48,581 (+39%) from 2018

Liabilities

Up

$1,260,145

Up $102,218 (+8.8%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$948

Up $533 (+128%) from 2018

Expenses

Up

$3,500

Up $1,916 (+121%) from 2018

Net Income

Down

-$2,552

Down $1,383 (-118%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2019

Assets$1,433,217
Liabilities$1,260,145
Net Assets$173,072
Open 2019 Filing

Operations Trend

Revenue Growth95th 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

2019

Revenue$948
Expenses$3,500
Net Income-$2,552
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.1
Gross Receipts
$948
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$1,280,071$1,430,866▲ $150,795
Cash and Non-Interest-Bearing Accounts$2,347$2,351▲ $4
Total Assets$1,282,418$1,433,217▲ $150,799
Liabilities
Other Liabilities$1,157,927$1,260,145▲ $102,218
Total Liabilities$1,157,927$1,260,145▲ $102,218
Net Assets / Fund Balance
Net Assets With Donor Restrictions$124,491$173,072▲ $48,581
Total Net Assets Fund Balance$124,491$173,072▲ $48,581
Total Liabilities and Net Assets / Fund Balance$1,282,418$1,433,217▲ $150,799
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Dr John TysonTrustee$146,315$146,315
Dr Billy D HilyerPresident$132,623$132,623
Jamie HornTrustee$95,673$95,673
Wilma PhillipsSecretary/treasurer$74,514$74,514
Barry BufordVice President$15,226$15,226

Board Members and Trustees

NameTitle
Dr Mike WilliamsTrustee
Hon Carole MedleyTrustee
Ted NortonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$8,736
Other Revenue
$-7,788
Change in Net Assets
$-2,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,500
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-$3,500-$3,500
Total Functional Expenses$0$3,500$0$3,500
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$1,260,145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
2020-05-08
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 Appendix398 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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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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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:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-08
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0142.154.130.164
ReturnHeader/FilingSecurityInformation/IPDt02020-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:33:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631035228
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACKSON THORNTON & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 96
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTGOMERY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0361010096
ReturnHeader/PreparerPersonGrp/PhoneNum03348347660
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINE K COOK
ReturnHeader/ReturnTs02020-05-12T09:05:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,433,217
Liabilities
$1,260,145
Net assets
$173,072
Revenue
$948
Expenses
$3,500
Net income
-$2,552
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