Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2019 • EIN 26-0389989

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

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

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

1.33x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.0%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$1,373,692

Up $256,829 (+23%) from 2018

Net Assets

Up

$73,462

Up $639,060 (+113%) from 2018

Liabilities

Down

$1,300,230

Down $382,231 (-23%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin95th percentile

Revenue

Up

$974,530

Up $55,118 (+6.0%) from 2018

Expenses

Up

$335,470

Up $142,631 (+74%) from 2018

Net Income

Down

$639,060

Down $87,513 (-12%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2019

Assets$1,373,692
Liabilities$1,300,230
Net Assets$73,462
Open 2019 Filing

Operations Trend

Revenue Growth55th 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

2019

Revenue$974,530
Expenses$335,470
Net Income$639,060
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.2
Gross Receipts
$974,530
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$268,985$535,689▲ $266,704
Cash and Non-Interest-Bearing Accounts$38,353$43,281▲ $4,928
Pledges and Grants Receivable$14,803--
Total Assets$1,116,863$1,373,692▲ $256,829
Liabilities
Other Liabilities$1,681,461$1,272,558▼ $408,903
Accounts Payable and Accrued Expenses$1,000$27,672▲ $26,672
Total Liabilities$1,682,461$1,300,230▼ $382,231
Net Assets / Fund Balance
Unrestricted Net Assets$-565,598$73,462▲ $639,060
Total Net Assets Fund Balance$-565,598$73,462▲ $639,060
Total Liabilities and Net Assets / Fund Balance$1,116,863$1,373,692▲ $256,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$451,957$17,626$469,583
Investment Program Related Org$794,722--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Scott LedbetterChairman
Bobby SainVice Chair
Anderson HumphreysBoard Member
Darrell TeubnerBoard Member
Julian MctizicBoard Member
Michael MillerBoard Member
Mimi AndersonBoard Member
Calvin HowellCommittee Ch
Jac BeletCommittee Ch
Cathy FrostSecretary
Jimmy MaxwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$974,530
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$83,176
Change in Net Assets
$639,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$258,390
Salaries, Compensation, and Employee Benefits$77,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,005--$75,005
Interest$55,613--$55,613
All Other Expenses$51,333--$51,333
Advertising$20,785--$20,785
Other Expenses$17,007--$17,007
Depreciation Depletion$14,833--$14,833
Occupancy$11,070--$11,070
Insurance$10,418--$10,418
Fees for Services Accounting$7,000--$7,000
Office Expenses$2,661--$2,661
Payroll Taxes$2,075--$2,075
Travel$357--$357
Information Technology$104--$104
Total Functional Expenses$335,470$0$0$335,470
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
Other Liabilities$1,272,558
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
Scott Ledbetter
Title
Chairman
Signed
2020-05-14

Organization Details

Principal Officer
Scott Ledbetter
Voting Board Members
11
Independent Board Members
11
Employees
14

Preparer

Firm
Cowart Reese Sargent Cpas
Address
64 LYNOAK COVE, JACKSON, TN 38305-2800
Preparer
T Paul Anderson 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 IX, Line 24E

“Retail incentives 13,772 0 0 supplies 9,594 0 0 sound equipment rental 9,550 0 0 taxes 8,132 0 0 misc 6,653 0 0 telephone 2,045 0 0 square fees 1,370 0 0 bank charges 217 0 0 total 51,333 0 0”

Form 990, Part XI, Line 9

“MISC ADJUSTMENT 0”

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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/ExplanationTxt2AVAILABLE VIA REQUEST ANYTIME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETAIL INCENTIVES 13,772 0 0 SUPPLIES 9,594 0 0 SOUND EQUIPMENT RENTAL 9,550 0 0 TAXES 8,132 0 0 MISC 6,653 0 0 TELEPHONE 2,045 0 0 SQUARE FEES 1,370 0 0 BANK CHARGES 217 0 0 TOTAL 51,333 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISC ADJUSTMENT 0
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 IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01116863
IRS990/TotalAssetsEOYAmt01373692
IRS990/TotalAssetsGrp/BOYAmt01116863
IRS990/TotalAssetsGrp/EOYAmt01373692
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0974530
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335470
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335470
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01682461
IRS990/TotalLiabilitiesEOYAmt01300230
IRS990/TotalLiabilitiesGrp/BOYAmt01682461
IRS990/TotalLiabilitiesGrp/EOYAmt01300230
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-565598
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt073462
IRS990/TotalOtherProgSrvcExpenseAmt0335470
IRS990/TotalProgramServiceExpensesAmt0335470
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0974530
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01116863
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01373692
IRS990/TravelGrp/ProgramServicesAmt0357
IRS990/TravelGrp/TotalAmt0357
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-565598
IRS990/UnrestrictedNetAssetsGrp/EOYAmt073462
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010000 LAKE HARDEMAN RD
IRS990/USAddress/CityNm0MIDDLETON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038052
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEDBETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02D84EB46BAB0D88487EEF1D731A63C087AD4E39E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CD77E30F6868A53862FD922872162AAA72A9DBEE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:04:52
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/PreparationDt02020-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02020-05-14T11:04:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,373,692
Liabilities
$1,300,230
Net assets
$73,462
Revenue
$974,530
Expenses
$335,470
Net income
$639,060
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