Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2015 • EIN 26-0389989

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 27, 2015

Organization Profile
116 South Main StreetBolivar, TN 38008

(731) 658-9402

Siviq Scores

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

Liabilities / Assets

99th percentile

3.73x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

4.37x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

46th percentile

-0.0%

Faster asset growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.4%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$882,111

Down $73 (-0.0%) from 2014

Net Assets

Up

-$2,404,209

Up $507,013 (+17%) from 2014

Liabilities

Down

$3,286,320

Down $507,086 (-13%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin95th percentile

Revenue

Up

$752,528

Up $10,250 (+1.4%) from 2014

Expenses

Down

$244,390

Down $61,727 (-20%) from 2014

Net Income

Up

$508,138

Up $71,977 (+17%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$5.0M$0-$5.0MAssets 2012: $770,916Liabilities 2012: $4,808,877Net Assets 2012: -$4,037,9612012Assets 2014: $882,184Liabilities 2014: $3,793,406Net Assets 2014: -$2,911,2222014Assets 2015: $882,111Liabilities 2015: $3,286,320Net Assets 2015: -$2,404,2092015Assets 2016: $868,908Liabilities 2016: $2,733,305Net Assets 2016: -$1,864,3972016Assets 2017: $876,197Liabilities 2017: $2,168,368Net Assets 2017: -$1,292,1712017Assets 2018: $1,116,863Liabilities 2018: $1,682,461Net Assets 2018: -$565,5982018Assets 2019: $1,373,692Liabilities 2019: $1,300,230Net Assets 2019: $73,4622019Assets 2020: $1,751,806Liabilities 2020: $1,119,888Net Assets 2020: $631,9182020Assets 2021: $1,780,477Liabilities 2021: $554,082Net Assets 2021: $1,226,3952021Assets 2022: $1,848,859Liabilities 2022: $85,000Net Assets 2022: $1,763,8592022Assets 2023: $2,365,286Liabilities 2023: $14,005Net Assets 2023: $2,351,2812023Assets 2024: $2,873,166Liabilities 2024: $14,157Net Assets 2024: $2,859,0092024Assets 2025: $3,481,380Liabilities 2025: $872Net Assets 2025: $3,480,5082025

Highlighted filing

2015

Assets$882,111
Liabilities$3,286,320
Net Assets-$2,404,209
Open 2015 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.5M$1.0M$500K$0Expenses 2012: $308,0602012Revenue 2014: $742,278Expenses 2014: $306,117Net Income 2014: $436,1612014Revenue 2015: $752,528Expenses 2015: $244,390Net Income 2015: $508,1382015Revenue 2016: $777,803Expenses 2016: $237,991Net Income 2016: $539,8122016Revenue 2017: $845,499Expenses 2017: $273,273Net Income 2017: $572,2262017Revenue 2018: $919,412Expenses 2018: $192,839Net Income 2018: $726,5732018Revenue 2019: $974,530Expenses 2019: $335,470Net Income 2019: $639,0602019Revenue 2020: $871,980Expenses 2020: $313,524Net Income 2020: $558,4562020Revenue 2021: $841,143Expenses 2021: $246,666Net Income 2021: $594,4772021Revenue 2022: $977,366Expenses 2022: $460,544Net Income 2022: $516,8222022Revenue 2023: $1,018,284Expenses 2023: $445,080Net Income 2023: $573,2042023Revenue 2024: $1,046,145Expenses 2024: $538,417Net Income 2024: $507,7282024Revenue 2025: $1,083,814Expenses 2025: $462,320Net Income 2025: $621,4942025

Highlighted filing

2015

Revenue$752,528
Expenses$244,390
Net Income$508,138
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 27, 2015
Return Version
2014v5.0
Gross Receipts
$752,528
Mission and Program Overview

Mission

Promote the redevelopment of downtown bolivar, tn

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$794,722$794,722→ $0
Land, Buildings, and Equipment, Net$58,784$55,089▼ $3,695
Cash and Non-Interest-Bearing Accounts$27,553$32,300▲ $4,747
Accounts Receivable$1,125--
Total Assets$882,184$882,111▼ $73
Liabilities
Other Liabilities$3,793,406$3,283,893▼ $509,513
Accounts Payable and Accrued Expenses-$2,427-
Total Liabilities$3,793,406$3,286,320▼ $507,086
Net Assets / Fund Balance
Unrestricted Net Assets$-2,911,222$-2,404,209▲ $507,013
Total Net Assets Fund Balance$-2,911,222$-2,404,209▲ $507,013
Total Liabilities and Net Assets / Fund Balance$882,184$882,111▼ $73

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$75,371-$75,371
Investment Program Related Org$794,722--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jimmy SainChairman
Barrett StevensVice Chair
Angela Beauregard-
Bobby Sain-
Calvin Howell-
Cathy Frost-
Jac Belet-
Jimmy Maxwell-
Mimi Anderson-
Scott Ledbetter-
Lee GarnerCommittee Ch
Michael MillerCommittee Ch
Darrell TeubnerSecretary
Anderson HumphreysTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$752,528
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,467
Change in Net Assets
$508,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,830
Salaries, Compensation, and Employee Benefits$73,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$89,169--$89,169
Other Salaries and Wages$68,333--$68,333
Fees for Services Management$18,863--$18,863
Insurance$9,779--$9,779
Occupancy$8,471--$8,471
Fees for Services Accounting$5,875--$5,875
Payroll Taxes$5,227--$5,227
Depreciation Depletion$3,698--$3,698
Other Expenses$3,120--$3,120
Fees for Services Legal$883--$883
Travel$745--$745
Office Expenses$394--$394
All Other Expenses$68--$68
Advertising$8--$8
Total Functional Expenses$244,390$0$0$244,390
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
Note Payable$3,283,893
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Available via request anytime”

Filing and Contact Details

Filer

Filer Name
Bolivar Downtown Development
EIN
26-0389989
Address
116 SOUTH MAIN STREET, BOLIVAR, TN 38008

Signing Officer

Name
Jimmy Maxwell
Title
Treasurer
Signed
2015-10-27

Organization Details

Principal Officer
Jimmy Maxwell
Voting Board Members
14
Independent Board Members
14
Employees
1

Preparer

Firm
Cowart Reese Sargent Cpas
Address
64 LYNOAK COVE, JACKSON, TN 38305-2800
Preparer
Fancher P Sargent CPA
Phone
7316681806
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Continued investment in the businessess and real estate of downtown bolivar”

Form 990, Part XI, Line 9

“MISC ADJUSTMENT 1,125”

Raw XML Appendix348 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISC ADJUSTMENT 1,125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0882184
IRS990/TotalAssetsEOYAmt0882111
IRS990/TotalAssetsGrp/BOYAmt0882184
IRS990/TotalAssetsGrp/EOYAmt0882111
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0752528
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244390
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244390
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03793406
IRS990/TotalLiabilitiesEOYAmt03286320
IRS990/TotalLiabilitiesGrp/BOYAmt03793406
IRS990/TotalLiabilitiesGrp/EOYAmt03286320
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2911222
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2404209
IRS990/TotalOtherProgSrvcExpenseAmt0244390
IRS990/TotalProgramServiceExpensesAmt0244390
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0752528
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0882184
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0882111
IRS990/TravelGrp/ProgramServicesAmt0745
IRS990/TravelGrp/TotalAmt0745
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2911222
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2404209
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0116 SOUTH MAIN STREET
IRS990/USAddress/CityNm0BOLIVAR
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038008
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY MAXWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOLIVAR DOWNTOWN DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0BOLI
ReturnHeader/Filer/EIN0260389989
ReturnHeader/Filer/USAddress/AddressLine1Txt0116 SOUTH MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0BOLIVAR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273218230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COWART REESE SARGENT CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt064 LYNOAK COVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0383052800
ReturnHeader/PreparerPersonGrp/PhoneNum07316681806
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FANCHER P SARGENT CPA
ReturnHeader/ReturnTs02015-11-04T14:27:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$882,111
Liabilities
$3,286,320
Net assets
-$2,404,209
Revenue
$752,528
Expenses
$244,390
Net income
$508,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$1.08$0.46$0.62
2024Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.86$1.05$0.54$0.51
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.35$1.02$0.45$0.57
2022Detailed filing. Detailed filing data is available for this year.$1.85$0.09$1.76$0.98$0.46$0.52
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.55$1.23$0.84$0.25$0.59
2020Detailed filing. Detailed filing data is available for this year.$1.75$1.12$0.63$0.87$0.31$0.56
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.30$0.07$0.97$0.34$0.64
2018Detailed filing. Detailed filing data is available for this year.$1.12$1.68$0.57$0.92$0.19$0.73
2017Detailed filing. Detailed filing data is available for this year.$0.88$2.17$1.29$0.85$0.27$0.57
2016Detailed filing. Detailed filing data is available for this year.$0.87$2.73$1.86$0.78$0.24$0.54
2015Detailed filing. Detailed filing data is available for this year.$0.88$3.29$2.40$0.75$0.24$0.51
2014Detailed filing. Detailed filing data is available for this year.$0.88$3.79$2.91$0.74$0.31$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$4.81$4.04$0.31