Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2022 • EIN 26-0389989

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 25, 2022

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

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

56th percentile

3.8%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$1,848,859

Up $68,382 (+3.8%) from 2021

Net Assets

Up

$1,763,859

Up $537,464 (+44%) from 2021

Liabilities

Down

$85,000

Down $469,082 (-85%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin90th percentile

Revenue

Up

$977,366

Up $136,223 (+16%) from 2021

Expenses

Up

$460,544

Up $213,878 (+87%) from 2021

Net Income

Down

$516,822

Down $77,655 (-13%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2022

Assets$1,848,859
Liabilities$85,000
Net Assets$1,763,859
Open 2022 Filing

Operations Trend

Revenue Growth63rd 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

2022

Revenue$977,366
Expenses$460,544
Net Income$516,822
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 25, 2022
Return Version
2021v4.0
Gross Receipts
$977,366
Mission and Program Overview

Mission

Promote the redevelopment of downtown bolivar, tn

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$887,485$1,037,906▲ $150,421
Investments Program Related$880,831$795,059▼ $85,772
Cash and Non-Interest-Bearing Accounts$9,565$13,297▲ $3,732
Prepaid Expenses and Deferred Charges$2,596$2,597▲ $1
Total Assets$1,780,477$1,848,859▲ $68,382
Liabilities
Other Liabilities$553,796$85,000▼ $468,796
Accounts Payable and Accrued Expenses$286--
Total Liabilities$554,082$85,000▼ $469,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,226,395$1,763,859▲ $537,464
Total Net Assets Fund Balance$1,226,395$1,763,859▲ $537,464
Total Liabilities and Net Assets / Fund Balance$1,780,477$1,848,859▲ $68,382

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$416,225$53,358$469,583
Land$157,642-$157,642
Investment Program Related Org$795,059--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Scott LedbetterChairman
Bobby SainVice Chair
Anderson HumphreysBoard Member
Calvin HowellBoard Member
Darrell TeubnerBoard Member
Jac BeletBoard Member
Jeff GossBoard Member
Julian MctizicBoard Member
Latosha NeelyBoard Member
Michael MillerBoard Member
Rashad SmithBoard Member
Cathy FrostSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$977,349
Program Service Revenue
$0
Investment Income
$17
Other Revenue
$0
All Other Contributions
$62,273
Change in Net Assets
$516,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,551
Salaries, Compensation, and Employee Benefits$75,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,698--$75,698
All Other Expenses$62,771--$62,771
Depreciation Depletion$53,772--$53,772
Advertising$34,523--$34,523
Other Expenses$18,707--$18,707
Fees for Services Accounting$11,454--$11,454
Insurance$9,866--$9,866
Fees for Services Other$9,312--$9,312
Interest$4,512--$4,512
Office Expenses$3,563--$3,563
Travel$585--$585
Information Technology$307--$307
Payroll Taxes$295--$295
Total Functional Expenses$460,544$0$0$460,544
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 Liability$85,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2022-10-25

Organization Details

Principal Officer
Scott Ledbetter
Voting Board Members
12
Independent Board Members
12
Employees
5

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

“Sound equipment rental 17,700 0 0 retail incentives 16,696 0 0 utilities 12,252 0 0 taxes 11,700 0 0 telephone 2,397 0 0 dues & subscriptions 863 0 0 janitorial cleaning 507 0 0 bank charges 454 0 0 farmers market operation 102 0 0 security 100 0 0 total 62,771 0 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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IRS990ScheduleD/LandGrp/BookValueAmt0157642
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt085000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0573867
IRS990ScheduleD/TotalBookValueProgramRltdAmt0795059
IRS990ScheduleD/TotalLiabilityAmt085000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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/ExplanationTxt3SOUND EQUIPMENT RENTAL 17,700 0 0 RETAIL INCENTIVES 16,696 0 0 UTILITIES 12,252 0 0 TAXES 11,700 0 0 TELEPHONE 2,397 0 0 DUES & SUBSCRIPTIONS 863 0 0 JANITORIAL CLEANING 507 0 0 BANK CHARGES 454 0 0 FARMERS MARKET OPERATION 102 0 0 SECURITY 100 0 0 TOTAL 62,771 0 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01780477
IRS990/TotalAssetsEOYAmt01848859
IRS990/TotalAssetsGrp/BOYAmt01780477
IRS990/TotalAssetsGrp/EOYAmt01848859
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0977349
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0460544
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460544
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0554082
IRS990/TotalLiabilitiesEOYAmt085000
IRS990/TotalLiabilitiesGrp/BOYAmt0554082
IRS990/TotalLiabilitiesGrp/EOYAmt085000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01226395
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01763859
IRS990/TotalOtherProgSrvcExpenseAmt0460544
IRS990/TotalProgramServiceExpensesAmt0460544
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0977366
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01780477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01848859
IRS990/TravelGrp/ProgramServicesAmt0585
IRS990/TravelGrp/TotalAmt0585
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010000 LAKE HARDEMAN RD
IRS990/USAddress/CityNm0MIDDLETON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038052
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEDBETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-25
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/PreparationDt02022-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02022-11-03T12:30:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEDBETTER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,848,859
Liabilities
$85,000
Net assets
$1,763,859
Revenue
$977,366
Expenses
$460,544
Net income
$516,822
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