Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2023 • EIN 26-0389989

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 01, 2024

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

82nd percentile

28%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

4.2%

Faster revenue growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,365,286

Up $516,427 (+28%) from 2022

Net Assets

Up

$2,351,281

Up $587,422 (+33%) from 2022

Liabilities

Down

$14,005

Down $70,995 (-84%) from 2022

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin92nd percentile

Revenue

Up

$1,018,284

Up $40,918 (+4.2%) from 2022

Expenses

Down

$445,080

Down $15,464 (-3.4%) from 2022

Net Income

Up

$573,204

Up $56,382 (+11%) from 2022

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

2023

Assets$2,365,286
Liabilities$14,005
Net Assets$2,351,281
Open 2023 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

2023

Revenue$1,018,284
Expenses$445,080
Net Income$573,204
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 1, 2024
Return Version
2022v5.0
Gross Receipts
$1,018,284
Mission and Program Overview

Mission

Promote the redevelopment of downtown bolivar, tn

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,037,906$1,180,019▲ $142,113
Investments Program Related$795,059$795,059→ $0
Cash and Non-Interest-Bearing Accounts$13,297$282,611▲ $269,314
Prepaid Expenses and Deferred Charges$2,597$107,597▲ $105,000
Total Assets$1,848,859$2,365,286▲ $516,427
Liabilities
Other Liabilities$85,000$13,500▼ $71,500
Accounts Payable and Accrued Expenses-$505-
Total Liabilities$85,000$14,005▼ $70,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,763,859$2,351,281▲ $587,422
Total Net Assets Fund Balance$1,763,859$2,351,281▲ $587,422
Total Liabilities and Net Assets / Fund Balance$1,848,859$2,365,286▲ $516,427

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,216$65,367$469,583
Land$137,000-$137,000
Investment Program Related Org$795,059--
Other Land Buildings$-97,602$97,602-
Leasehold Improvements$-84,320$84,320-
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
Jerry WatkinsChief Op Off
Cathy FrostSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,006,515
Program Service Revenue
$0
Investment Income
$11,769
Other Revenue
$0
All Other Contributions
$83,539
Change in Net Assets
$573,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,156
Salaries, Compensation, and Employee Benefits$75,924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,111--$75,111
Depreciation Depletion$59,500--$59,500
All Other Expenses$57,544--$57,544
Advertising$53,800--$53,800
Other Expenses$22,492--$22,492
Fees for Services Other$18,044--$18,044
Fees for Services Accounting$14,638--$14,638
Office Expenses$12,839--$12,839
Insurance$11,974--$11,974
Interest$1,530--$1,530
Payroll Taxes$813--$813
Travel$502--$502
Information Technology$334--$334
Total Functional Expenses$445,080$0$0$445,080
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
Due to the City$13,500
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
Jerry Watkins
Title
Chief Op Officer
Signed
2024-02-01

Organization Details

Principal Officer
Scott Ledbetter
Voting Board Members
9
Independent Board Members
9
Employees
8

Preparer

Firm
Crs 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

“Taxes 21,916 0 0 utilities 15,258 0 0 sound equipment rental 15,190 0 0 telephone 2,615 0 0 dues & subscriptions 968 0 0 bank charges 882 0 0 janitorial cleaning 541 0 0 farmers market operation 144 0 0 business license and fees 30 0 0 total 57,544 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0871957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0974530
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04671477
IRS990ScheduleA/TotalSupportAmt04671477
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0404216
IRS990ScheduleD/BuildingsGrp/DepreciationAmt065367
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0469583
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0795059
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REAL PROPERTY FOR FUTURE DEVELOPMENT
IRS990ScheduleD/LandGrp/BookValueAmt0137000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0137000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0-84320
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt084320
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-97602
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO THE CITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0359294
IRS990ScheduleD/TotalBookValueProgramRltdAmt0795059
IRS990ScheduleD/TotalLiabilityAmt013500
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/ExplanationTxt3TAXES 21,916 0 0 UTILITIES 15,258 0 0 SOUND EQUIPMENT RENTAL 15,190 0 0 TELEPHONE 2,615 0 0 DUES & SUBSCRIPTIONS 968 0 0 BANK CHARGES 882 0 0 JANITORIAL CLEANING 541 0 0 FARMERS MARKET OPERATION 144 0 0 BUSINESS LICENSE AND FEES 30 0 0 TOTAL 57,544 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/TotalAssetsBOYAmt01848859
IRS990/TotalAssetsEOYAmt02365286
IRS990/TotalAssetsGrp/BOYAmt01848859
IRS990/TotalAssetsGrp/EOYAmt02365286
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01006515
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445080
IRS990/TotalFunctionalExpensesGrp/TotalAmt0445080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085000
IRS990/TotalLiabilitiesEOYAmt014005
IRS990/TotalLiabilitiesGrp/BOYAmt085000
IRS990/TotalLiabilitiesGrp/EOYAmt014005
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01763859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02351281
IRS990/TotalOtherProgSrvcExpenseAmt0445080
IRS990/TotalProgramServiceExpensesAmt0445080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011769
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01018284
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01848859
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02365286
IRS990/TravelGrp/ProgramServicesAmt0502
IRS990/TravelGrp/TotalAmt0502
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010000 LAKE HARDEMAN RD
IRS990/USAddress/CityNm0MIDDLETON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038052
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY WATKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF OP OFFICER
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-01
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273218230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt064 LYNOAK COVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0383052800
ReturnHeader/PreparerPersonGrp/PhoneNum07316681806
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02024-02-08T16:36:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATKINS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,365,286
Liabilities
$14,005
Net assets
$2,351,281
Revenue
$1,018,284
Expenses
$445,080
Net income
$573,204
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