Civic Intelligence

Holmes Community College Development Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7419273

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 15, 2019

PO Box 369Pickens, MS 39079

(662) 472-9067

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

21st percentile

$7,825

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

20th percentile

-5.2%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,921,509

Down $432,000 (-5.2%) from 2017

Net Assets

Down

$7,879,702

Down $434,599 (-5.2%) from 2017

Liabilities

Up

$41,807

Up $2,599 (+6.6%) from 2017

Revenue

Down

$420,204

Down $314,434 (-43%) from 2017

Expenses

Up

$339,234

Up $35,851 (+12%) from 2017

Net Income

Down

$80,970

Down $350,285 (-81%) from 2017

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

2018

Assets$7,921,509
Liabilities$41,807
Net Assets$7,879,702

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

2018

Revenue$420,204
Expenses$339,234
Net Income$80,970
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 15, 2019
Return Version
2018v3.1
Gross Receipts
$443,228
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 eduction and research at holmes community college through funding of scholarships and other educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,098,589$7,710,390▼ $388,199
Cash and Non-Interest-Bearing Accounts$254,920$211,119▼ $43,801
Total Assets$8,353,509$7,921,509▼ $432,000
Liabilities
Other Liabilities$39,208$41,807▲ $2,599
Total Liabilities$39,208$41,807▲ $2,599
Net Assets / Fund Balance
Unrestricted Net Assets$4,235,194$3,963,332▼ $271,862
Temporarily Rstr Net Assets$4,079,107$3,916,370▼ $162,737
Total Net Assets Fund Balance$8,314,301$7,879,702▼ $434,599
Total Liabilities and Net Assets / Fund Balance$8,353,509$7,921,509▼ $432,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$6,772,517$68,901▼ $1,153,841-$5,606,991
2017$5,812,865$129,151▲ $920,960-$6,772,517
2016$5,402,361$398,969▲ $374,506-$5,812,865
2015$5,438,772$229,090▼ $45,756-$5,402,361
Compensation and Service Providers

Employees

NameTitleBaseTotal
Wirt HayesTreasurer$7,825$7,825

Board Members and Trustees

NameTitle
Johnny BelkPresident
Ben TharpDirector
Brady RichardsonDirector
David MccullochDirector
Don MillerDirector
Eugenia CollinsDirector
Jack HolmesDirector
Jim HaffeyDirector
Joe AdamsDirector
John WallaceDirector
Lynn WrightDirector
Mauruce FergusonDirector
Tom ButchartDirector
Trey BowmanDirector
W C ShoemakerDirector
Walter AlfordDirector
Wilton NealDirector
Doris BelkSecretary
Jesse LeveretteVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$269,839
Program Service Revenue
$0
Investment Income
$150,365
Other Revenue
$0
All Other Contributions
$250,486
Change in Net Assets
$80,970

Audited Revenue Reconciliation

Revenue per Audited Statements
$420,204
Total Revenue per Audited Statements
$420,204
Total Revenue per Form 990
$420,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$266,193
Salaries, Compensation, and Employee Benefits$43,410
Other Expenses$29,631
Total Fundraising Expense$1,944
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$266,193--$266,193
Other Salaries and Wages-$40,325-$40,325
Office Expenses-$16,837-$16,837
Fees for Services Accounting-$10,850-$10,850
Payroll Taxes-$3,085-$3,085
Advertising--$1,944$1,944
Total Functional Expenses$266,193$71,097$1,944$339,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$339,234
Total Expenses per Audited Statements$339,234
Total Expenses per Form 990$339,234
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Holmes Community CollegeGoodman, MS501c 3Scholarships$156,280
Holmes Community CollegeGoodman, MS501c 3Financial Support$109,913
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,024
Fundraising Gross Income$23,024
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Club$27,625$14,936$14,936$0
Golf$14,752$8,088$8,088$0
Total Events$42,377$23,024$23,024-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Remainder Trust$41,807
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Johnny belk doris belk president secretary family

Form 990, Page 6, Part VI, Line 11B

"draft copy" is given to the audit committee for review. The audit committe makes the copy available to other members of the organization's governing board.

Form 990, Page 6, Part VI, Line 19

Upon request and by appointment at the college

Filing and Contact Details

Filer

Filer Name
Holmes Community College
EIN
23-7419273
Phone
6624729067
Address
PO BOX 369, PICKENS, MS 39079
Doing Business As
Hccdf (foundation)

Signing Officer

Name
Wirt Hayes
Title
Treasurer
Phone
6624729067
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnny Belk
Formed
1974
Legal Domicile
Ms
Voting Board Members
20
Independent Board Members
20
Employees
4

Preparer

Firm
Michael R West CPA
Address
PO BOX 826, CANTON, MS 39046
Preparer
Michael R West CPA
Phone
6018594065
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

No unrelated business income

Raw XML AppendixShowing 400 of 465 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/ProgSrvcAccomActy2Grp/GrantAmt0109913
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0576195
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0210796
IRS990/PYInvestmentIncomeAmt0178425
IRS990/PYOtherExpensesAmt049244
IRS990/PYOtherRevenueAmt0-19982
IRS990/PYRevenuesLessExpensesAmt0431255
IRS990/PYSalariesCompEmpBnftPaidAmt043343
IRS990/PYTotalExpensesAmt0303383
IRS990/PYTotalRevenueAmt0734638
IRS990/ReconcilationRevenueExpnssAmt080970
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0269839
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0555902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0412902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0475118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0940440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02654201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0150364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0125228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0143525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0138283
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0735825
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt023024
IRS990ScheduleA/PublicSupportCY170Pct00.73500
IRS990ScheduleA/PublicSupportPY170Pct00.76930
IRS990ScheduleA/PublicSupportTotal170Amt02491822
IRS990ScheduleA/SubstantialContributorsTotAmt0162379
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0269839
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0555902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0412902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0475118
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0940440
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02654201
IRS990ScheduleA/TotalSupportAmt03390026
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.47000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06772517
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt068901
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05606991
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-80586
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1153841
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05812865
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0129151
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06772517
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-90459
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0920960
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05402361
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0398969
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05812865
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-362971
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0374506
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05438772
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0229090
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05402361
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-219745
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-45756
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0339234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REMAINDER TRUST
IRS990ScheduleD/RevenueSubtotalAmt0420204
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.53000
IRS990ScheduleD/TotalExpensesPerForm990Amt0339234
IRS990ScheduleD/TotalLiabilityAmt041807
IRS990ScheduleD/TotalRevenuePerForm990Amt0420204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0420204
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0339234
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt019353
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012689
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt06664
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023024
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LEGACY CLUB
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042377
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014936
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023024
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023024
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014936
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08088
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0156280
IRS990ScheduleI/RecipientTable/CashGrantAmt1109913
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C 3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C 3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FINANCIAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOLMES COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HOLMES COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 HILL STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11 HILL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GOODMAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GOODMAN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd039079
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd139079
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO UNRELATED BUSINESS INCOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOHNNY BELK DORIS BELK PRESIDENT SECRETARY FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2"DRAFT COPY" IS GIVEN TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTE MAKES THE COPY AVAILABLE TO OTHER MEMBERS OF THE ORGANIZATION'S GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST AND BY APPOINTMENT AT THE COLLEGE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04079107
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03916370
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08353509
IRS990/TotalAssetsEOYAmt07921509
IRS990/TotalAssetsGrp/BOYAmt08353509
IRS990/TotalAssetsGrp/EOYAmt07921509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0269839
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01944
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071097
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266193

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