Civic Intelligence

Kings Heralds Inc

990 • Fiscal year 2016 • EIN 26-4568269

Apr 01, 2015 to Mar 31, 2016 • Filed on May 04, 2016

129 Denning Ford CourtPortland, TN 37148

(615) 323-1468

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

94th percentile

$59,496

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

33rd percentile

-6.8%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-9.2%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$78,609

Down $5,710 (-6.8%) from 2015

Net Assets

Down

$78,609

Down $5,710 (-6.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$439,109

Down $44,737 (-9.2%) from 2015

Expenses

Up

$444,819

Up $23,439 (+5.6%) from 2015

Net Income

Down

-$5,710

Down $68,176 (-109%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2011: $48,497Liabilities 2011: $47,669Net Assets 2011: $8282011Assets 2012: $36,044Liabilities 2012: $37,851Net Assets 2012: -$1,8072012Assets 2013: $46,304Liabilities 2013: $32,466Net Assets 2013: $13,8382013Assets 2014: $61,112Liabilities 2014: $39,259Net Assets 2014: $21,8532014Assets 2015: $84,319Liabilities 2015: $0Net Assets 2015: $84,3192015Assets 2016: $78,609Liabilities 2016: $0Net Assets 2016: $78,6092016Assets 2017: $112,531Liabilities 2017: $0Net Assets 2017: $112,5312017Assets 2018: $91,622Liabilities 2018: $0Net Assets 2018: $91,6222018Assets 2019: $88,503Liabilities 2019: $0Net Assets 2019: $88,5032019Assets 2020: $53,669Liabilities 2020: $9,739Net Assets 2020: $43,9302020

Highlighted filing

2016

Assets$78,609
Liabilities$0
Net Assets$78,609

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $452,7202011Expenses 2012: $439,5972012Expenses 2013: $421,4922013Revenue 2014: $438,834Expenses 2014: $430,819Net Income 2014: $8,0152014Revenue 2015: $483,846Expenses 2015: $421,380Net Income 2015: $62,4662015Revenue 2016: $439,109Expenses 2016: $444,819Net Income 2016: -$5,7102016Revenue 2017: $454,128Expenses 2017: $420,206Net Income 2017: $33,9222017Revenue 2018: $376,153Expenses 2018: $397,062Net Income 2018: -$20,9092018Revenue 2019: $262,725Expenses 2019: $265,844Net Income 2019: -$3,1192019Revenue 2020: $342,532Expenses 2020: $397,127Net Income 2020: -$54,5952020

Highlighted filing

2016

Revenue$439,109
Expenses$444,819
Net Income-$5,710
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
May 4, 2016
Return Version
2015v2.0
Gross Receipts
$439,109
Mission and Program Overview

Mission

MUSIC MINISTRY

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$50,000$50,225▲ $225
Cash and Non-Interest-Bearing Accounts$22,644$17,127▼ $5,517
Inventories for Sale or Use$10,000$10,000→ $0
Land, Buildings, and Equipment, Net$1,675$1,257▼ $418
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$84,319$78,609▼ $5,710
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$84,319$78,609▼ $5,710
Total Net Assets Fund Balance$84,319$78,609▼ $5,710
Total Liabilities and Net Assets / Fund Balance$84,319$78,609▼ $5,710

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,257$30,442$31,699
Compensation and Service Providers

Employees

NameTitleBaseTotal
Donald ScroggsPresident$59,496$59,496
Jeff PearlesTreasurer$59,496$59,496
Russell HospedalesBoard Member$59,496$59,496
Jared OttoBoard Member$42,267$42,267

Board Members and Trustees

NameTitle
Barbara BolivarBoard Member
Carson CrossBoard Member
Jim PedersenBoard Member
Joann BerkeBoard Member
Wyatt PhillipsBoard Member
Joel BorgSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$438,884
Investment Income
$225
Other Revenue
$0
Change in Net Assets
$-5,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$246,199
Other Expenses$198,620
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$220,755--$220,755
Travel$93,558--$93,558
Insurance$35,014--$35,014
Payroll Taxes$18,028--$18,028
All Other Expenses$11,812$388-$12,200
Royalties$10,350--$10,350
Other Employee Benefits$7,416--$7,416
Other Expenses$4,770$5,866-$4,770
Fees for Services Legal$3,128--$3,128
Office Expenses-$1,821-$1,821
Advertising$1,800--$1,800
Fees for Services Accounting$1,075--$1,075
Depreciation Depletion$418--$418
Total Functional Expenses$436,744$8,075$0$444,819
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Line 11B: Form 990 Review Process

Each board member is provided a copy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Kings Heralds Inc
EIN
26-4568269
Phone
6153231468
Address
129 DENNING FORD COURT, PORTLAND, TN 37148

Signing Officer

Name
Donald Scroggs
Title
President
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
0
Employees
5

Preparer

Firm
Brown Brown and Associates PC
Address
728 South Main Street, Springfield, TN 37172
Preparer
Ervin D Brown
Phone
6153848431
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050225
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt050000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0225
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0438884
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0433846
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0434834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0437137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0436962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02181663
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0225
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02231663
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0438884
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0483846
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0434834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0437137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0436962
IRS990ScheduleA/Total509Grp/TotalAmt02231663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0439109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0483846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0434834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0437137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0436962
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02231888
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01257
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030442
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031699
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01257
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER IS PROVIDED A COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt084319
IRS990/TotalAssetsEOYAmt078609
IRS990/TotalAssetsGrp/BOYAmt084319
IRS990/TotalAssetsGrp/EOYAmt078609
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08075
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0436744
IRS990/TotalFunctionalExpensesGrp/TotalAmt0444819
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084319
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078609
IRS990/TotalProgramServiceExpensesAmt0436744
IRS990/TotalProgramServiceRevenueAmt0438884
IRS990/TotalReportableCompFromOrgAmt0220755
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0439109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0439109
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084319
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078609
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt093558
IRS990/TravelGrp/TotalAmt093558
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt084319
IRS990/UnrestrictedNetAssetsGrp/EOYAmt078609

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