Civic Intelligence

The Partnership Foundation Inc

990 • Fiscal year 2019 • EIN 20-5162135

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 16, 2020

One Convention Center PlazaHattiesburg, MS 39401

(601) 296-7500

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-797%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

97th percentile

$282,726

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 451.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

5th percentile

-36%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

148%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$909,410

Down $509,250 (-36%) from 2018

Net Assets

Down

$909,379

Down $509,279 (-36%) from 2018

Liabilities

Up

$31

Up $29 (+1450%) from 2018

Revenue

Up

$62,669

Up $37,350 (+148%) from 2018

Expenses

Up

$562,046

Up $1,445 (+0.3%) from 2018

Net Income

Up

-$499,377

Up $35,905 (+6.7%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,724,750Liabilities 2011: $179,183Net Assets 2011: $1,545,5672011Assets 2012: $1,396,471Liabilities 2012: $155,625Net Assets 2012: $1,240,8462012Assets 2013: $1,042,479Liabilities 2013: $50,905Net Assets 2013: $991,5742013Assets 2014: $608,043Liabilities 2014: $4,252Net Assets 2014: $603,7912014Assets 2015: $2,932,664Liabilities 2015: $112,431Net Assets 2015: $2,820,2332015Assets 2016: $2,407,166Liabilities 2016: $0Net Assets 2016: $2,407,1662016Assets 2017: $1,968,408Liabilities 2017: $1,472Net Assets 2017: $1,966,9362017Assets 2018: $1,418,660Liabilities 2018: $2Net Assets 2018: $1,418,6582018Assets 2019: $909,410Liabilities 2019: $31Net Assets 2019: $909,3792019Assets 2020: $1,609,923Liabilities 2020: $3,806Net Assets 2020: $1,606,1172020Assets 2021: $3,468,355Liabilities 2021: $0Net Assets 2021: $3,468,3552021Assets 2022: $2,774,690Liabilities 2022: $517Net Assets 2022: $2,774,1732022Assets 2023: $2,082,899Liabilities 2023: $744Net Assets 2023: $2,082,1552023Assets 2024: $1,360,717Liabilities 2024: $17Net Assets 2024: $1,360,7002024Assets 2025: $5,038,434Liabilities 2025: $624Net Assets 2025: $5,037,8102025

Highlighted filing

2019

Assets$909,410
Liabilities$31
Net Assets$909,379

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $775,3782011Expenses 2012: $429,9282012Expenses 2013: $302,5812013Revenue 2014: $2,662Expenses 2014: $390,445Net Income 2014: -$387,7832014Revenue 2015: $3,087,744Expenses 2015: $871,302Net Income 2015: $2,216,4422015Revenue 2016: $35,187Expenses 2016: $448,254Net Income 2016: -$413,0672016Revenue 2017: $79,776Expenses 2017: $520,008Net Income 2017: -$440,2322017Revenue 2018: $25,319Expenses 2018: $560,601Net Income 2018: -$535,2822018Revenue 2019: $62,669Expenses 2019: $562,046Net Income 2019: -$499,3772019Revenue 2020: $1,263,541Expenses 2020: $526,846Net Income 2020: $736,6952020Revenue 2021: $2,609,049Expenses 2021: $690,522Net Income 2021: $1,918,5272021Revenue 2022: $51,785Expenses 2022: $762,834Net Income 2022: -$711,0492022Revenue 2023: $54,796Expenses 2023: $766,601Net Income 2023: -$711,8052023Revenue 2024: $55,821Expenses 2024: $776,276Net Income 2024: -$720,4552024Revenue 2025: $4,714,428Expenses 2025: $892,583Net Income 2025: $3,821,8452025

Highlighted filing

2019

Revenue$62,669
Expenses$562,046
Net Income-$499,377
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 16, 2020
Return Version
2018v3.1
Gross Receipts
$62,669
Mission and Program Overview

Mission

To promote and support economic wellness and quality of life for greater hattiesburg area

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,181,831$655,156▼ $526,675
Savings and Temporary Cash Investments$236,229$253,654▲ $17,425
Cash and Non-Interest-Bearing Accounts$600$600→ $0
Total Assets$1,418,660$909,410▼ $509,250
Liabilities
Other Liabilities$2$31▲ $29
Total Liabilities$2$31▲ $29
Net Assets / Fund Balance
Unrestricted Net Assets$857,840$827,364▼ $30,476
Temporarily Rstr Net Assets$560,818$82,015▼ $478,803
Total Net Assets Fund Balance$1,418,658$909,379▼ $509,279
Total Liabilities and Net Assets / Fund Balance$1,418,660$909,410▼ $509,250
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary CarmichaelChair
Ted WebbImmediate Past Chair
Shea McneaseVice Chair
Chad DriskellBoard Member
Hoppy ColeBoard Member
Rick PreuschBoard Member
Rob TatumBoard Member
Chad NewellSecretary
Alex AgnewTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,005
Program Service Revenue
$0
Investment Income
$664
Other Revenue
$0
All Other Contributions
$62,005
Change in Net Assets
$-499,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$62,669
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$62,669
Total Revenue per Form 990
$62,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$550,000
Other Expenses$12,046
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$550,000--$550,000
Fees for Services Accounting-$8,450-$8,450
Other Expenses-$3,253-$3,253
Office Expenses-$343-$343
Total Functional Expenses$550,000$12,046$0$562,046

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$571,948
Expenses per Audited Statements$562,046
Total Expenses per Form 990$562,046
Expenses Not Reported on Form 990$9,902
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Area Development PartnershipHattiesburg, MS501(c)(6)To Promote and Support Economic Wellness and Quality of Life for Greater Hattiesburg Area$550,000
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
Due to Related Party$31
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

Form 990 is reviewed and approved by the board of directors prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are available to the public upon request

Filing and Contact Details

Filer

Filer Name
The Partnership Foundation Inc
EIN
20-5162135
Phone
6012967500
Address
ONE CONVENTION CENTER PLAZA, HATTIESBURG, MS 39401

Signing Officer

Name
Chad Newell
Title
Secretary
Phone
6012967500
Signed
2020-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Newell
Formed
2006
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Tmh
Address
P O DRAWER 15099, HATTIESBURG, MS 39404-5099
Preparer
Paige M Johnson CPA
Phone
6012643519
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Bad debt adjustment -9,902.

Form 990, Part XII, Line 2C

Process has not changed from prior year

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bad debt write off 9,902.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A SUBSIDIARY ORGANIZATION OF AREA DEVELOPMENT PARTNERSHIP, "ADP". APPROXIMATELY 44% OF PARTNERSHIP BOARD OF DIRECTORS ALSO SERVE ON ADP BOARD AND MONITOR BOTH DISTRIBUTIONS AND USE OF FUNDS FOR BOTH ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt040000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0206000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt020450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHAD NEWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0282726
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PRESIDENT OF THE RELATED ORGANIZATION IS COMPENSATED BASED ON A WRITTEN EMPLOYMENT CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1CHAD NEWELL- $20,000- DEFERRED COMPENSATION
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BAD DEBT ADJUSTMENT -9,902.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS HAS NOT CHANGED FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AREA DEVELOPMENT PARTNERSHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570884979
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE CONVENTION CENTER PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HATTIESBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd039401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0550000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt129
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AREA DEVELOPMENT PARTNERSHIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AREA DEVELOPMENT PARTNERSHIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0560818
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt082015
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01418660
IRS990/TotalAssetsEOYAmt0909410
IRS990/TotalAssetsGrp/BOYAmt01418660
IRS990/TotalAssetsGrp/EOYAmt0909410
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt062005
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012046
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0550000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562046
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02
IRS990/TotalLiabilitiesEOYAmt031
IRS990/TotalLiabilitiesGrp/BOYAmt02
IRS990/TotalLiabilitiesGrp/EOYAmt031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01418658
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0909379
IRS990/TotalOtherCompensationAmt016276
IRS990/TotalProgramServiceExpensesAmt0550000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0664
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt062669
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01418660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0909410
IRS990/TotReportableCompRltdOrgAmt0266450
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0857840
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0827364
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE CONVENTION CENTER PLAZA
IRS990/USAddress/CityNm0HATTIESBURG
IRS990/USAddress/StateAbbreviationCd0MS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.04$0.00$5.04$4.71$0.89$3.82
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.06$0.78$0.72
2023Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.05$0.77$0.71
2022Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.05$0.76$0.71
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.00$3.47$2.61$0.69$1.92
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$1.26$0.53$0.74
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.06$0.56$0.50
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.03$0.56$0.54
2017Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.08$0.52$0.44
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.04$0.45$0.41
2015Detailed filing. Detailed filing data is available for this year.$2.93$0.11$2.82$3.09$0.87$2.22
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.60$0.00$0.39$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.05$0.99$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.16$1.24$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.18$1.55$0.78