Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2020 • EIN 26-0389989

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 03, 2021

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

86th percentile

0.64x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.28x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

77th percentile

28%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,751,806

Up $378,114 (+28%) from 2019

Net Assets

Up

$631,918

Up $558,456 (+760%) from 2019

Liabilities

Down

$1,119,888

Down $180,342 (-14%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin94th percentile

Revenue

Down

$871,980

Down $102,550 (-11%) from 2019

Expenses

Down

$313,524

Down $21,946 (-6.5%) from 2019

Net Income

Down

$558,456

Down $80,604 (-13%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2020

Assets$1,751,806
Liabilities$1,119,888
Net Assets$631,918
Open 2020 Filing

Operations Trend

Revenue Growth32nd 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

2020

Revenue$871,980
Expenses$313,524
Net Income$558,456
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 3, 2021
Return Version
2019v5.0
Gross Receipts
$871,980
Mission and Program Overview

Mission

Promote the redevelopment of downtown bolivar, tn

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$794,722$880,831▲ $86,109
Land, Buildings, and Equipment, Net$535,689$858,525▲ $322,836
Cash and Non-Interest-Bearing Accounts$43,281$12,450▼ $30,831
Total Assets$1,373,692$1,751,806▲ $378,114
Liabilities
Other Liabilities$1,272,558$1,119,062▼ $153,496
Accounts Payable and Accrued Expenses$27,672$826▼ $26,846
Total Liabilities$1,300,230$1,119,888▼ $180,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,462$631,918▲ $558,456
Total Net Assets Fund Balance$73,462$631,918▲ $558,456
Total Liabilities and Net Assets / Fund Balance$1,373,692$1,751,806▲ $378,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$440,218$29,365$469,583
Leasehold Improvements$349,325$12,046$361,371
Other Land Buildings$68,982$41,524$110,506
Investment Program Related Org$880,831--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$871,957
Program Service Revenue
$0
Investment Income
$23
Other Revenue
$0
All Other Contributions
$78,460
Change in Net Assets
$558,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,767
Salaries, Compensation, and Employee Benefits$73,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,007--$72,007
All Other Expenses$53,362--$53,362
Interest$40,521--$40,521
Depreciation Depletion$36,998--$36,998
Other Expenses$14,098--$14,098
Occupancy$11,453--$11,453
Insurance$10,487--$10,487
Office Expenses$4,603--$4,603
Fees for Services Accounting$4,362--$4,362
Payroll Taxes$1,750--$1,750
Advertising$916--$916
Travel$741--$741
Information Technology$409--$409
Total Functional Expenses$313,524$0$0$313,524
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$1,119,062
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
2021-02-03

Organization Details

Principal Officer
Scott Ledbetter
Voting Board Members
10
Independent Board Members
10
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

“Repairs & maintenance 13,798 0 0 taxes & licenses - theate 9,170 0 0 taxes 9,096 0 0 sound equipment rental 7,900 0 0 supplies 6,649 0 0 misc 4,512 0 0 telephone 1,576 0 0 square fees 385 0 0 bank charges 216 0 0 security 60 0 0 total 53,362 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1,537 misc adjustment 1,537”

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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/ExplanationTxt0CONTINUED INVESTMENT IN THE BUSINESSESS AND REAL ESTATE OF DOWNTOWN BOLIVAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE VIA REQUEST ANYTIME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REPAIRS & MAINTENANCE 13,798 0 0 TAXES & LICENSES - THEATE 9,170 0 0 TAXES 9,096 0 0 SOUND EQUIPMENT RENTAL 7,900 0 0 SUPPLIES 6,649 0 0 MISC 4,512 0 0 TELEPHONE 1,576 0 0 SQUARE FEES 385 0 0 BANK CHARGES 216 0 0 SECURITY 60 0 0 TOTAL 53,362 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -1,537 MISC ADJUSTMENT 1,537
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01373692
IRS990/TotalAssetsEOYAmt01751806
IRS990/TotalAssetsGrp/BOYAmt01373692
IRS990/TotalAssetsGrp/EOYAmt01751806
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0871957
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0313524
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313524
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01300230
IRS990/TotalLiabilitiesEOYAmt01119888
IRS990/TotalLiabilitiesGrp/BOYAmt01300230
IRS990/TotalLiabilitiesGrp/EOYAmt01119888
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt073462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0631918
IRS990/TotalOtherProgSrvcExpenseAmt0313524
IRS990/TotalProgramServiceExpensesAmt0313524
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0871980
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01373692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01751806
IRS990/TravelGrp/ProgramServicesAmt0741
IRS990/TravelGrp/TotalAmt0741
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010000 LAKE HARDEMAN RD
IRS990/USAddress/CityNm0MIDDLETON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038052
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEDBETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-03
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/PreparationDt02021-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02021-02-09T14:59:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,751,806
Liabilities
$1,119,888
Net assets
$631,918
Revenue
$871,980
Expenses
$313,524
Net income
$558,456
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