Civic Intelligence

Polk County Education Foundation

990EZ • Fiscal year 2021 • EIN 20-0748971

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization ProfileN/A
182 North Crest RoadChattanooga, TN 37404

(423) 902-4211

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

93rd percentile

72%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$435,850

No earlier filing loaded for comparison.

Net Assets

$435,850

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

$62,998

No earlier filing loaded for comparison.

Expenses

$17,663

No earlier filing loaded for comparison.

Net Income

$45,335

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2021: $435,850Liabilities 2021: $0Net Assets 2021: $435,8502021Assets 2022: $417,652Liabilities 2022: $0Net Assets 2022: $417,6522022Assets 2023: $448,113Liabilities 2023: $0Net Assets 2023: $448,1132023Assets 2024: $482,182Liabilities 2024: $0Net Assets 2024: $482,1822024

Highlighted filing

2021

Assets$435,850
Liabilities$0
Net Assets$435,850
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0Revenue 2021: $62,998Expenses 2021: $17,663Net Income 2021: $45,3352021Revenue 2022: $14,937Expenses 2022: $11,483Net Income 2022: $3,4542022Revenue 2023: $38,509Expenses 2023: $8,048Net Income 2023: $30,4612023Revenue 2024: $54,219Expenses 2024: $20,150Net Income 2024: $34,0692024

Highlighted filing

2021

Revenue$62,998
Expenses$17,663
Net Income$45,335
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.2
Gross Receipts
$179,676
Mission and Program Overview

Mission

To solicit contributions from the general public to provide a fund for educational opportunity to qualifying individuals. These individuals are selected, and are to be selected from a specially defined, impoverished area. The individuals are selected based on need, past educational performance and potential future educational performance. All qualifying individuals are considered. No one is excluded based on sex, race, creed, color, national origin, or other non-educational or need criteria.

To solicit contributions from the general public to provide a fund for educational opportunity to qualifying individuals. These individuals are selected, and are to be selected from a specifically defined, impoverished area. The individuals are selected based on need, past educational performance and potential future educational performance. All qualifying individuals are considered. No one is excluded based on sex, race, creed, color, national origin other non-educational or need criteria.

Program Services

DescriptionGrantsExpenses
EDUCATIONAL AWARDS FOR SCHOLARSHIP.$0$12,000
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DR PHYLLIS E MILLERPresident Emeritus-$0--
WALTER PRESSWOODPresident-$0--
WILMA PIPPENGERSecretary-$0--
JANE LAWSONTreasurer-$0--
JANIE ARMSBoard Member-$0--
JIM BAKERBoard Member-$0--
RAY BECKLERBoard Member At Large-$0--
DENNIS BISHOPBoard Member-$0--
DR KENNETH CLOUDBoard Member-$0--
DR ROGER CROUCHBoard Member-$0--
CHARLES EDWARDSBoard Member-$0--
ADAM STONEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Polk County Education Foundation
EIN
20-0748971
Phone
4239024211
Address
182 NORTH CREST ROAD, CHATTANOOGA, TN 37404

Signing Officer

Name
Walter Pressword
Title
President
Phone
4239024211
Signed
2022-05-13

Preparer

Firm
Johnson Hickey & Murchison Pc
Address
2215 OLAN MILLS DRIVE, CHATTANOOGA, TN 37421
Preparer
Tina M Howard
Phone
4237560052
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 2. Description: dividend income. Amount: 9,910. Description: capital gain distrbutions. Amount: 14,964. Total to form 990-ez, line 8: 24,876.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: lee university. Grantee address: 1120 n. Ocoee st cleveland , tn 37311. Grantee relationship: no relationship. Property description: cash. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: cleveland state. Grantee address: 3535 adkisson dr cleveland, tn 37312. Grantee relationship: no relationship. Property description: cash. Amount given: 2,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: middle tennessee state university. Grantee address: 1301 e main st murfreesboro, tn 37132. Grantee relationship: no relationship. Property description: cash. Amount given: 2,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: tennessee tech university . Grantee address: 1 william l jones dr cookeville, tn 38505. Grantee relationship: no relationship. Property description: cash. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: tennessee wesleyan university. Grantee address: 204 e. College st athens, tn 37303. Grantee relationship: no relationship. Property description: cash. Amount given: 2,000. Total included on form 990-ez, line 10: 12,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: taxes. Amount: 80. Description: insurance. Amount: 699. Description: investment fees. Amount: 4,339. Description: office supplies. Amount: 20. Total to form 990-ez, line 16: 5,138.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: equity adjustment. Amount: 369,439.”

Raw XML Appendix215 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DR PHYLLIS E MILLER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2WILMA PIPPENGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JANE LAWSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JANIE ARMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JIM BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6RAY BECKLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DENNIS BISHOP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8DR KENNETH CLOUD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9DR ROGER CROUCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10CHARLES EDWARDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11ADAM STONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT EMERITUS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER AT LARGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherChangesInNetAssetsAmt0369439
IRS990EZ/OtherExpensesTotalAmt05138
IRS990EZ/OtherRevenueTotalAmt024876
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0TO SOLICIT CONTRIBUTIONS FROM THE GENERAL PUBLIC TO PROVIDE A FUND FOR EDUCATIONAL OPPORTUNITY TO QUALIFYING INDIVIDUALS. THESE INDIVIDUALS ARE SELECTED, AND ARE TO BE SELECTED FROM A SPECIFICALLY DEFINED, IMPOVERISHED AREA. THE INDIVIDUALS ARE SELECTED BASED ON NEED, PAST EDUCATIONAL PERFORMANCE AND POTENTIAL FUTURE EDUCATIONAL PERFORMANCE. ALL QUALIFYING INDIVIDUALS ARE CONSIDERED. NO ONE IS EXCLUDED BASED ON SEX, RACE, CREED, COLOR, NATIONAL ORIGIN OTHER NON-EDUCATIONAL OR NEED CRITERIA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL AWARDS FOR SCHOLARSHIP.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012000
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt017663
IRS990EZ/TotalProgramServiceExpensesAmt012000
IRS990EZ/TotalRevenueAmt062998
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt079502
IRS990ScheduleA/TotalSupportAmt0167955
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 2. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 9,910. DESCRIPTION: CAPITAL GAIN DISTRBUTIONS. AMOUNT: 14,964. TOTAL TO FORM 990-EZ, LINE 8: 24,876.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: LEE UNIVERSITY. GRANTEE ADDRESS: 1120 N. OCOEE ST CLEVELAND , TN 37311. GRANTEE RELATIONSHIP: NO RELATIONSHIP. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: CLEVELAND STATE. GRANTEE ADDRESS: 3535 ADKISSON DR CLEVELAND, TN 37312. GRANTEE RELATIONSHIP: NO RELATIONSHIP. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: MIDDLE TENNESSEE STATE UNIVERSITY. GRANTEE ADDRESS: 1301 E MAIN ST MURFREESBORO, TN 37132. GRANTEE RELATIONSHIP: NO RELATIONSHIP. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: TENNESSEE TECH UNIVERSITY . GRANTEE ADDRESS: 1 WILLIAM L JONES DR COOKEVILLE, TN 38505. GRANTEE RELATIONSHIP: NO RELATIONSHIP. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: TENNESSEE WESLEYAN UNIVERSITY. GRANTEE ADDRESS: 204 E. COLLEGE ST ATHENS, TN 37303. GRANTEE RELATIONSHIP: NO RELATIONSHIP. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 2,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 12,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: TAXES. AMOUNT: 80. DESCRIPTION: INSURANCE. AMOUNT: 699. DESCRIPTION: INVESTMENT FEES. AMOUNT: 4,339. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 20. TOTAL TO FORM 990-EZ, LINE 16: 5,138.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: EQUITY ADJUSTMENT. AMOUNT: 369,439.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER PRESSWORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04239024211
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLK COUNTY EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0POLK
ReturnHeader/Filer/EIN0200748971
ReturnHeader/Filer/PhoneNum04239024211
ReturnHeader/Filer/USAddress/AddressLine1Txt0182 NORTH CREST ROAD
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037404
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621046406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON HICKEY & MURCHISON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02215 OLAN MILLS DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037421
ReturnHeader/PreparerPersonGrp/PhoneNum04237560052
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TINA M HOWARD
ReturnHeader/ReturnTs02022-05-16T07:55:18-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WALTER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PRESSWORD
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$435,850
Liabilities
$0
Net assets
$435,850
Revenue
$62,998
Expenses
$17,663
Net income
$45,335
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.00$4.82$0.54$0.20$0.34
2023Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$0.39$0.08$0.30
2022Detailed filing. Detailed filing data is available for this year.$4.18$0.00$4.18$0.15$0.11$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$0.63$0.18$0.45