Civic Intelligence

Holmes Community College Development Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7419273

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 09, 2018

PO Box 369Goodman, MS 39079

(662) 472-9067

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.05x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$7,500

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

38%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,353,509

Up $1,349,737 (+19%) from 2016

Net Assets

Up

$8,314,301

Up $1,353,176 (+19%) from 2016

Liabilities

Down

$39,208

Down $3,439 (-8.1%) from 2016

Revenue

Up

$734,638

Up $200,718 (+38%) from 2016

Expenses

Up

$303,383

Up $33,923 (+13%) from 2016

Net Income

Up

$431,255

Up $166,795 (+63%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $7,003,772Liabilities 2016: $42,647Net Assets 2016: $6,961,1252016Assets 2017: $8,353,509Liabilities 2017: $39,208Net Assets 2017: $8,314,3012017Assets 2018: $7,921,509Liabilities 2018: $41,807Net Assets 2018: $7,879,7022018Assets 2019: $9,513,438Liabilities 2019: $134,068Net Assets 2019: $9,379,3702019Assets 2020: $10,309,381Liabilities 2020: $31,630Net Assets 2020: $10,277,7512020Assets 2021: $11,820,231Liabilities 2021: $28,059Net Assets 2021: $11,792,1722021Assets 2022: $9,868,339Liabilities 2022: $75,425Net Assets 2022: $9,792,9142022Assets 2023: $12,058,309Liabilities 2023: $70,581Net Assets 2023: $11,987,7282023Assets 2024: $14,077,057Liabilities 2024: $41,712Net Assets 2024: $14,035,3452024

Highlighted filing

2017

Assets$8,353,509
Liabilities$39,208
Net Assets$8,314,301

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $533,920Expenses 2016: $269,460Net Income 2016: $264,4602016Revenue 2017: $734,638Expenses 2017: $303,383Net Income 2017: $431,2552017Revenue 2018: $420,204Expenses 2018: $339,234Net Income 2018: $80,9702018Revenue 2019: $481,382Expenses 2019: $509,721Net Income 2019: -$28,3392019Revenue 2020: $596,332Expenses 2020: $373,599Net Income 2020: $222,7332020Revenue 2021: $375,531Expenses 2021: $335,030Net Income 2021: $40,5012021Revenue 2022: $465,156Expenses 2022: $332,455Net Income 2022: $132,7012022Revenue 2023: $988,276Expenses 2023: $360,844Net Income 2023: $627,4322023Revenue 2024: $944,337Expenses 2024: $369,257Net Income 2024: $575,0802024

Highlighted filing

2017

Revenue$734,638
Expenses$303,383
Net Income$431,255
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 9, 2018
Return Version
2017v2.2
Gross Receipts
$777,585
Mission and Program Overview

Mission

Promote, encourage, assist, and support all forms of education and research at holmes community college through funding of scholarships and other educational support.

Promote, encourage, assist, and support all forms of education and research at holmes community college through funding of scolarships and other educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,820,811$8,098,589▲ $1,277,778
Cash and Non-Interest-Bearing Accounts$182,961$254,920▲ $71,959
Total Assets$7,003,772$8,353,509▲ $1,349,737
Liabilities
Other Liabilities$42,647$39,208▼ $3,439
Total Liabilities$42,647$39,208▼ $3,439
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,708,665$4,669,268▲ $960,603
Unrestricted Net Assets$3,137,400$3,524,751▲ $387,351
Permanently Rstr Net Assets$115,060$120,282▲ $5,222
Total Net Assets Fund Balance$6,961,125$8,314,301▲ $1,353,176
Total Liabilities and Net Assets / Fund Balance$7,003,772$8,353,509▲ $1,349,737
Compensation and Service Providers

Employees

NameTitleBaseTotal
Wirt HayesTreasurer$7,500$7,500

Board Members and Trustees

NameTitle
Johnny BelkPresident
Ben TharpDirector
Brady RichardsonDirector
Don MilnerDirector
Eugenia CollinsDirector
Jack HolmesDirector
Jesse LeveretteDirector
Jim HaffeyDirector
John WallaceDirector
Lynn WrightDirector
Maurice FergusonDirector
Tom ButchartDirector
Trey BowmanDirector
W C ShoemakerDirector
Walter AlfordDirector
Wilton NealDirector
Doris BelkSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$576,195
Program Service Revenue
$0
Investment Income
$178,425
Other Revenue
$-19,982
All Other Contributions
$555,902
Change in Net Assets
$431,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$754,620
Revenue Not Reported on Financial Statements
$-19,982
Revenue Not Reported on Form 990
$944,886
Other Revenue Adjustments
$-19,982
Total Revenue per Audited Statements
$1,699,506
Total Revenue per Form 990
$734,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$210,796
Other Expenses$49,244
Salaries, Compensation, and Employee Benefits$43,343
Total Fundraising Expense$3,811
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$210,796--$210,796
Other Salaries and Wages-$35,843-$35,843
Fees for Service Investment Mgmnt Fees-$29,252-$29,252
Office Expenses-$6,831$3,811$10,642
Fees for Services Accounting-$9,350-$9,350
Current Officers, Directors, Trustees, and Key Employees-$7,500-$7,500
Total Functional Expenses$210,796$88,776$3,811$303,383

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$346,330
Expenses per Audited Statements$303,383
Total Expenses per Form 990$303,383
Expenses Not Reported on Form 990$42,947
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Holmes Community CollegeGoodman, MS501c 3Scholarships and Student Education Nee-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,947
Fundraising Gross Income$22,965
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Club$22,925$8,468-$8,468
Golf$14,243$8,407-$8,407
Total Events$43,258$22,965$42,947$-19,982
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liabilities Under Remainder Trust$39,208
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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

Officer directors etc family relationship Part VI line 2

FAMILY RELATIONSHIP

Form 990 governing body review Part VI line 11

A draft copy is given to the audit committee for review. The audit committee makes the copy available to other members of the organizations governing body.

Governing documents etc available to public Part VI line 19

Upon request and by appointment at the college.

Filing and Contact Details

Filer

Filer Name
Holmes Community College Development Foundation in
EIN
23-7419273
Address
PO BOX 369, Goodman, MS 39079
Doing Business As
Hccdf Foundation

Signing Officer

Name
Wirt Hayes
Title
Treasurer
Phone
6018594065
Signed
2018-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnny Belk
Formed
1974
Legal Domicile
Ms
Voting Board Members
18
Independent Board Members
18
Employees
4

Preparer

Firm
Weems Accounting LLC
Address
PO BOX 511, Canton, MS 39046
Preparer
Michael R West CPA
Phone
6018594065
Supplemental Narrative

Financial Statement Notes

Other expenses not included on Form 990 (Part XII, line 2D)

LINE 2d, PART XI FUND RAISING REVENUE = $22,965Line 4b, Part XI Net income from fundraising events = -(19,982)Line 2d, Part XII direct fund raising expenses = $42,947

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0178425
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06820811
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08098589
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE, ENCOURAGE, ASSIST, AND SUPPORT ALL FORMS OF EDUCATION AND RESEARCH AT HOLMES COMMUNITY COLLEGE THROUGH FUNDING OF SCOLARSHIPS AND OTHER EDUCATIONAL SUPPORT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06961125
IRS990/NetAssetsOrFundBalancesEOYAmt08314301
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-19982
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-19982
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0921921
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt03811
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06831
IRS990/OfficeExpensesGrp/TotalAmt010642
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt042647
IRS990/OtherLiabilitiesGrp/EOYAmt039208
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035843
IRS990/OtherSalariesAndWagesGrp/TotalAmt035843
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0115060
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0120282
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHNNY BELK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL SUPPORT FOR HOLMES COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053360
IRS990/ProgSrvcAccomActy2Grp/GrantAmt053360
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0412902
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0173287
IRS990/PYInvestmentIncomeAmt0125228
IRS990/PYOtherExpensesAmt044272
IRS990/PYOtherRevenueAmt0-4210
IRS990/PYRevenuesLessExpensesAmt0264460
IRS990/PYSalariesCompEmpBnftPaidAmt051901
IRS990/PYTotalExpensesAmt0269460
IRS990/PYTotalRevenueAmt0533920
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0431255
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0555902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0412902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0475118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0940440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0813659
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03198021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0178425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0143525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0138283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt096759
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0682220
IRS990ScheduleA/PublicSupportCY170Pct00.76930
IRS990ScheduleA/PublicSupportPY170Pct00.82970
IRS990ScheduleA/PublicSupportTotal170Amt02985155
IRS990ScheduleA/SubstantialContributorsTotAmt0212866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0555902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0412902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0475118
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0940440
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0813659
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03198021
IRS990ScheduleA/TotalSupportAmt03880241
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt042947
IRS990ScheduleD/ExpensesSubtotalAmt0303383
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0921921
IRS990ScheduleD/OtherExpensesIncludedAmt042947
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITIES UNDER REMAINDER TRUST
IRS990ScheduleD/OtherRevenueAmt022965
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-19982
IRS990ScheduleD/RevenueNotReportedAmt0944886
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-19982
IRS990ScheduleD/RevenueSubtotalAmt0754620
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LINE 2d, PART XI FUND RAISING REVENUE = $22,965Line 4b, Part XI Net income from fundraising events = -(19,982)Line 2d, Part XII direct fund raising expenses = $42,947
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/TotalExpensesPerForm990Amt0303383
IRS990ScheduleD/TotalLiabilityAmt039208
IRS990ScheduleD/TotalRevenuePerForm990Amt0734638
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01699506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0346330
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020293
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt05836
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt014457
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042947
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt08407
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt08468
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt026072
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt042947
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LEGACY CLUB
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014243
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043258
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08407
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08468
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022965
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-19982
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C 3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS AND STUDENT EDUCATION NEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOLMES COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 HILL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Goodman
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd039079
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY IS GIVEN TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE MAKES THE COPY AVAILABLE TO OTHER MEMBERS OF THE ORGANIZATIONS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST AND BY APPOINTMENT AT THE COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03708665
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04669268
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07003772
IRS990/TotalAssetsEOYAmt08353509

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