Civic Intelligence

Bolivar Downtown Development Corporation

990 • Fiscal year 2024 • EIN 26-0389989

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 06, 2025

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

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

2.7%

Faster revenue growth than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,873,166

Up $507,880 (+21%) from 2023

Net Assets

Up

$2,859,009

Up $507,728 (+22%) from 2023

Liabilities

Up

$14,157

Up $152 (+1.1%) from 2023

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin89th percentile

Revenue

Up

$1,046,145

Up $27,861 (+2.7%) from 2023

Expenses

Up

$538,417

Up $93,337 (+21%) from 2023

Net Income

Down

$507,728

Down $65,476 (-11%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2024

Assets$2,873,166
Liabilities$14,157
Net Assets$2,859,009
Open 2024 Filing

Operations Trend

Revenue Growth40th 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

2024

Revenue$1,046,145
Expenses$538,417
Net Income$507,728
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$1,046,145
Mission and Program Overview

Mission

Promote the redevelopment of downtown bolivar, tn

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,180,019$1,302,609▲ $122,590
Investments Program Related$795,059$795,059→ $0
Cash and Non-Interest-Bearing Accounts$282,611$702,901▲ $420,290
Intangible Assets-$70,000-
Prepaid Expenses and Deferred Charges$107,597$2,597▼ $105,000
Total Assets$2,365,286$2,873,166▲ $507,880
Liabilities
Other Liabilities$13,500$13,500→ $0
Accounts Payable and Accrued Expenses$505$657▲ $152
Total Liabilities$14,005$14,157▲ $152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,351,281$2,859,009▲ $507,728
Total Net Assets Fund Balance$2,351,281$2,859,009▲ $507,728
Total Liabilities and Net Assets / Fund Balance$2,365,286$2,873,166▲ $507,880

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$392,209$77,374$469,583
Land$137,000-$137,000
Investment Program Related Org$795,059--
Other Land Buildings$-142,546$142,546-
Leasehold Improvements$-108,411$108,411-
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Scott LedbetterChairman
Bobby SainVice Chair
Calvin HowellBoard Member
Jerry WatkinsBoard Member
Julian MctizicBoard Member
Michael MillerBoard Member
Rashad SmithBoard Member
Todd PulseBoard Member
Darrell TeubnerSecretary
Jac BeletTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,015,815
Program Service Revenue
$0
Investment Income
$30,330
Other Revenue
$0
All Other Contributions
$77,643
Change in Net Assets
$507,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,033
Salaries, Compensation, and Employee Benefits$71,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$105,191--$105,191
Depreciation Depletion$81,044--$81,044
Other Salaries and Wages$70,016--$70,016
All Other Expenses$59,106--$59,106
Office Expenses$20,702--$20,702
Other Expenses$18,250--$18,250
Fees for Services Accounting$16,862--$16,862
Insurance$12,870--$12,870
Payroll Taxes$1,368--$1,368
Information Technology$737--$737
Travel$213--$213
Total Functional Expenses$538,417$0$0$538,417
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
Scott Ledbetter
Title
Chairman
Signed
2025-02-06

Organization Details

Principal Officer
Scott Ledbetter
Voting Board Members
9
Independent Board Members
9
Employees
5

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

“Utilities 16,981 0 0 taxes 15,528 0 0 film fees 14,105 0 0 outside services 5,600 0 0 telephone 1,762 0 0 square fees 1,077 0 0 bank charges 1,056 0 0 janitorial cleaning 997 0 0 business license and fees 922 0 0 supplies 767 0 0 dues & subscriptions 140 0 0 security 114 0 0 misc 57 0 0 total 59,106 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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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/ExplanationTxt3UTILITIES 16,981 0 0 TAXES 15,528 0 0 FILM FEES 14,105 0 0 OUTSIDE SERVICES 5,600 0 0 TELEPHONE 1,762 0 0 SQUARE FEES 1,077 0 0 BANK CHARGES 1,056 0 0 JANITORIAL CLEANING 997 0 0 BUSINESS LICENSE AND FEES 922 0 0 SUPPLIES 767 0 0 DUES & SUBSCRIPTIONS 140 0 0 SECURITY 114 0 0 MISC 57 0 0 TOTAL 59,106 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/TotalAssetsBOYAmt02365286
IRS990/TotalAssetsEOYAmt02873166
IRS990/TotalAssetsGrp/BOYAmt02365286
IRS990/TotalAssetsGrp/EOYAmt02873166
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01015815
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0538417
IRS990/TotalFunctionalExpensesGrp/TotalAmt0538417
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014005
IRS990/TotalLiabilitiesEOYAmt014157
IRS990/TotalLiabilitiesGrp/BOYAmt014005
IRS990/TotalLiabilitiesGrp/EOYAmt014157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02351281
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02859009
IRS990/TotalOtherProgSrvcExpenseAmt0538417
IRS990/TotalProgramServiceExpensesAmt0538417
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030330
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01046145
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02365286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02873166
IRS990/TravelGrp/ProgramServicesAmt0213
IRS990/TravelGrp/TotalAmt0213
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEDBETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-06
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/PreparationDt02025-02-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02025-02-10T16:49:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,873,166
Liabilities
$14,157
Net assets
$2,859,009
Revenue
$1,046,145
Expenses
$538,417
Net income
$507,728
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