Civic Intelligence

Somerset Community College Foundation Inc.

990 • Fiscal year 2016 • EIN 27-0137175

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileN/A
808 Monticello StreetSomerset, KY 42501

(606) 451-6618

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

93rd percentile

53%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

61st percentile

5.8%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-41%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$858,431

Up $47,383 (+5.8%) from 2015

Net Assets

Up

$853,757

Up $57,503 (+7.2%) from 2015

Liabilities

Down

$4,674

Down $10,120 (-68%) from 2015

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin93rd percentile

Revenue

Down

$109,441

Down $75,987 (-41%) from 2015

Expenses

Down

$51,938

Down $358,153 (-87%) from 2015

Net Income

Up

$57,503

Up $282,166 (+126%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$1.5M$1.0M$500K$0Assets 2012: $445,918Liabilities 2012: $3,450Net Assets 2012: $442,4682012Assets 2013: $758,633Liabilities 2013: $4,043Net Assets 2013: $754,5902013Assets 2014: $1,024,417Liabilities 2014: $3,500Net Assets 2014: $1,020,9172014Assets 2015: $811,048Liabilities 2015: $14,794Net Assets 2015: $796,2542015Assets 2016: $858,431Liabilities 2016: $4,674Net Assets 2016: $853,7572016Assets 2017: $788,089Liabilities 2017: $3,612Net Assets 2017: $784,4772017Assets 2018: $853,587Liabilities 2018: $3,600Net Assets 2018: $849,9872018Assets 2019: $914,672Liabilities 2019: $3,600Net Assets 2019: $911,0722019Assets 2020: $1,012,429Liabilities 2020: $3,600Net Assets 2020: $1,008,8292020Assets 2021: $922,170Liabilities 2021: $3,600Net Assets 2021: $918,5702021Assets 2022: $1,018,619Liabilities 2022: $3,750Net Assets 2022: $1,014,8692022Assets 2023: $889,002Liabilities 2023: $4,438Net Assets 2023: $884,5642023

Highlighted filing

2016

Assets$858,431
Liabilities$4,674
Net Assets$853,757
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2012: $20,206Expenses 2012: $17,268Net Income 2012: $2,9382012Expenses 2013: $17,8212013Revenue 2014: $307,635Expenses 2014: $41,308Net Income 2014: $266,3272014Revenue 2015: $185,428Expenses 2015: $410,091Net Income 2015: -$224,6632015Revenue 2016: $109,441Expenses 2016: $51,938Net Income 2016: $57,5032016Revenue 2017: $76,986Expenses 2017: $146,266Net Income 2017: -$69,2802017Revenue 2018: $107,149Expenses 2018: $41,639Net Income 2018: $65,5102018Revenue 2019: $101,782Expenses 2019: $40,697Net Income 2019: $61,0852019Revenue 2020: $322,261Expenses 2020: $224,504Net Income 2020: $97,7572020Revenue 2021: $120,129Expenses 2021: $210,388Net Income 2021: -$90,2592021Revenue 2022: $358,169Expenses 2022: $261,870Net Income 2022: $96,2992022Revenue 2023: $329,399Expenses 2023: $459,704Net Income 2023: -$130,3052023

Highlighted filing

2016

Revenue$109,441
Expenses$51,938
Net Income$57,503
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$109,441
Mission and Program Overview

Mission

To conduct and carry on work, not for profit, but exclusively for charitable, scientific, literary or educational purposes and to stimulate voluntary financial support for Somerset Community College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$652,056$846,186▲ $194,130
Other Notes and Loans Receivable, Net$137,347--
Pledges and Grants Receivable$20,935$11,754▼ $9,181
Prepaid Expenses and Deferred Charges$710$491▼ $219
Total Assets$811,048$858,431▲ $47,383
Liabilities
Accounts Payable and Accrued Expenses$14,794$4,674▼ $10,120
Total Liabilities$14,794$4,674▼ $10,120
Net Assets / Fund Balance
Temporarily Rstr Net Assets$450,841$464,808▲ $13,967
Unrestricted Net Assets$345,413$388,949▲ $43,536
Total Net Assets Fund Balance$796,254$853,757▲ $57,503
Total Liabilities and Net Assets / Fund Balance$811,048$858,431▲ $47,383
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Steve MorganChairman
Teresa HailVice-chair
Chris GirdlerDirector
Christie AdamsDirector
Danny FordDirector
Deanna HerrmanDirector
Mark WolfordDirector
Martin HatfieldDirector
Mike ChandlerDirector
Rodney CasadaDirector
Tiffany BourneDirector
Timothy BessDirector
Dr Jo MarshallEx-officio
Cindy ClouseExecutive Di
Kandy SuttonSecretary
Mike TarterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,315
Program Service Revenue
$0
Investment Income
$8,126
Other Revenue
$0
All Other Contributions
$101,315
Change in Net Assets
$57,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$109,441
Total Revenue per Audited Statements
$109,441
Total Revenue per Form 990
$109,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,938
Total Fundraising Expense$10,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,500-$3,500
Insurance-$1,273-$1,273
Other Expenses$16,589$167$10,537$167
Total Functional Expenses$36,461$4,940$10,537$51,938

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,938
Total Expenses per Audited Statements$51,938
Total Expenses per Form 990$51,938
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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

“Reviewed draft of return with executive director”

Form 990, Page 6, Part VI, Line 19

“Available at foundation office upon request.”

Filing and Contact Details

Filer

Filer Name
Somerset Community College
EIN
27-0137175
Phone
6064516618
Address
808 MONTICELLO STREET, SOMERSET, KY 42501

Signing Officer

Name
Cindy Clouse
Title
Executive Director
Phone
6064516618
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Clouse
Legal Domicile
Ky
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Randall D Turpin CPA Pllc
Address
225 PARKERS MILL RD, SOMERSET, KY 42501-3151
Preparer
Randall D Turpin CPA
Phone
6064511550
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0101315
IRS990ScheduleA/TotalSupportAmt0101315
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt051938
IRS990ScheduleD/RevenueSubtotalAmt0109441
IRS990ScheduleD/TotalExpensesPerForm990Amt051938
IRS990ScheduleD/TotalRevenuePerForm990Amt0109441
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0109441
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt051938
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED DRAFT OF RETURN WITH EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE AT FOUNDATION OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0450841
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0464808
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0811048
IRS990/TotalAssetsEOYAmt0858431
IRS990/TotalAssetsGrp/BOYAmt0811048
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IRS990/TotalContributionsAmt0101315
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010537
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04940
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036461
IRS990/TotalFunctionalExpensesGrp/TotalAmt051938
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014794
IRS990/TotalLiabilitiesEOYAmt04674
IRS990/TotalLiabilitiesGrp/BOYAmt014794
IRS990/TotalLiabilitiesGrp/EOYAmt04674
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0796254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0853757
IRS990/TotalProgramServiceExpensesAmt036461
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08126
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0109441
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0811048
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0858431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0345413
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0388949
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY CLOUSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06064516618
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET COMMUNITY COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0270137175
ReturnHeader/Filer/PhoneNum06064516618
ReturnHeader/Filer/USAddress/AddressLine1Txt0808 MONTICELLO STREET
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731706347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDALL D TURPIN CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 PARKERS MILL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOMERSET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0425013151
ReturnHeader/PreparerPersonGrp/PhoneNum06064511550
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDALL D TURPIN CPA
ReturnHeader/ReturnTs02016-11-15T11:18:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$858,431
Liabilities
$4,674
Net assets
$853,757
Revenue
$109,441
Expenses
$51,938
Net income
$57,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.00$0.88$0.33$0.46$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.01$0.36$0.26$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.12$0.21$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$0.32$0.22$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.10$0.04$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$0.11$0.04$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.78$0.08$0.15$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.85$0.11$0.05$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.19$0.41$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.31$0.04$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.75$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.44$0.02$0.02$0.00