Civic Intelligence

Forrest Spence Fund

990 • Fiscal year 2019 • EIN 27-0151429

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 28, 2020

3092 Poplar AvenueMemphis, TN 38111

(901) 763-3259

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

42nd percentile

$36,700

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,000,208

Up $169,554 (+20%) from 2018

Net Assets

Up

$995,959

Up $165,305 (+20%) from 2018

Liabilities

Up

$4,249

Up $4,249 from 2018

Revenue

Up

$622,001

Up $204,130 (+49%) from 2018

Expenses

Up

$451,593

Up $112,645 (+33%) from 2018

Net Income

Up

$170,408

Up $91,485 (+116%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $61,304Liabilities 2010: $0Net Assets 2010: $61,3042010Assets 2011: $55,684Liabilities 2011: $0Net Assets 2011: $55,6842011Assets 2013: $209,606Net Assets 2013: $209,6062013Assets 2015: $406,386Liabilities 2015: $0Net Assets 2015: $406,3862015Assets 2016: $575,330Liabilities 2016: $0Net Assets 2016: $575,3302016Assets 2017: $751,731Liabilities 2017: $0Net Assets 2017: $751,7312017Assets 2018: $830,654Liabilities 2018: $0Net Assets 2018: $830,6542018Assets 2019: $1,000,208Liabilities 2019: $4,249Net Assets 2019: $995,9592019Assets 2020: $1,102,689Liabilities 2020: $26,079Net Assets 2020: $1,076,6102020Assets 2021: $1,458,847Liabilities 2021: $13,903Net Assets 2021: $1,444,9442021Assets 2022: $1,436,906Liabilities 2022: $19,279Net Assets 2022: $1,417,6272022Assets 2024: $1,888,673Liabilities 2024: $192,979Net Assets 2024: $1,695,6942024

Highlighted filing

2019

Assets$1,000,208
Liabilities$4,249
Net Assets$995,959

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $56,477Expenses 2010: $20,360Net Income 2010: $36,1172010Revenue 2011: $69,293Expenses 2011: $74,913Net Income 2011: -$5,6202011Revenue 2013: $115,850Expenses 2013: $64,491Net Income 2013: $51,3592013Revenue 2015: $210,329Expenses 2015: $115,495Net Income 2015: $94,8342015Revenue 2016: $333,803Expenses 2016: $164,859Net Income 2016: $168,9442016Revenue 2017: $390,560Expenses 2017: $214,159Net Income 2017: $176,4012017Revenue 2018: $417,871Expenses 2018: $338,948Net Income 2018: $78,9232018Revenue 2019: $622,001Expenses 2019: $451,593Net Income 2019: $170,4082019Revenue 2020: $520,216Expenses 2020: $439,565Net Income 2020: $80,6512020Revenue 2021: $829,907Expenses 2021: $461,573Net Income 2021: $368,3342021Revenue 2022: $574,565Expenses 2022: $601,882Net Income 2022: -$27,3172022Revenue 2024: $878,865Expenses 2024: $704,073Net Income 2024: $174,7922024

Highlighted filing

2019

Revenue$622,001
Expenses$451,593
Net Income$170,408
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 28, 2020
Return Version
2019v5.1
Gross Receipts
$666,877
Mission and Program Overview

Mission

Nonmedical needs of ill children

Assist with nonmedical needs of critically or chronically ill children and their families throughout the Mid-South

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$661,465$487,171▼ $174,294
Cash and Non-Interest-Bearing Accounts$155,875$416,006▲ $260,131
Land, Buildings, and Equipment, Net$10,065$5,425▼ $4,640
Accounts Receivable-$2,500-
Prepaid Expenses and Deferred Charges$1,035$1,241▲ $206
Total Assets$830,654$1,000,208▲ $169,554
Other Assets Total$2,214$87,865▲ $85,651
Liabilities
Accounts Payable and Accrued Expenses-$4,249-
Total Liabilities$0$4,249▲ $4,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$830,654$908,094▲ $77,440
Net Assets With Donor Restrictions-$87,865-
Total Net Assets Fund Balance$830,654$995,959▲ $165,305
Total Liabilities and Net Assets / Fund Balance$830,654$1,000,208▲ $169,554

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,425$3,546$8,971
Land$0--
Other Assets Org$87,865--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brittany SpenceExecutive DirectorPT$36,700$36,700

Board Members and Trustees

NameTitle
David SpencePresident
Richard ViningDirector
Toya PrideDirector
William MartinDirector
Leah GreeneSecretary
Gregg SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$218,597
Program Service Revenue
$0
Investment Income
$81,897
Other Revenue
$321,507
All Other Contributions
$218,597
Change in Net Assets
$170,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$622,001
Total Revenue per Audited Statements
$622,001
Total Revenue per Form 990
$622,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$230,256
Other Expenses$185,337
Total Fundraising Expense$53,010
Salaries, Compensation, and Employee Benefits$36,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$230,256--$230,256
All Other Expenses$58,307$51,815$36,376$146,498
Current Officers, Directors, Trustees, and Key Employees$36,000$0$0$36,000
Fees for Services Accounting$11,351$1,513$2,270$15,134
Advertising$0$0$3,628$3,628
Insurance$0$2,432$943$3,375
Depreciation Depletion$0$1,575$0$1,575
Other Expenses$192$0$0$192
Total Functional Expenses$337,619$60,964$53,010$451,593

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$451,593
Total Expenses per Audited Statements$451,593
Total Expenses per Form 990$451,593
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$366,383
Fundraising Direct Expenses$44,876
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5K Race$126,755$104,755-$104,755
No Show Ball$57,950$57,950$14,335$43,615
Total Events$379,360$357,360$91,938$265,422
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
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
Filing and Contact Details

Filer

Filer Name
Forrest Spence Fund
EIN
27-0151429
Phone
9017633259
Address
3092 Poplar Avenue, Memphis, TN 38111

Signing Officer

Name
Brittany Spence
Title
Executive Director
Phone
9017633259
Signed
2020-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brittany Spence
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
30

Preparer

Firm
Bethany K Huffman CPA
Address
8370 HWY 51 N SUITE 112, MILLINGTON, TN 38053
Preparer
Bethany K Huffman CPA
Phone
9018726830
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form is reviewed by the directors.

Pt VI, Line 2

David Spence and Brittany Spence are married.

Pt XI

Auditor Adjustment to prior period

Form 990, Part IX, Line 24E

Meals 15000. 15000. 0. 0.

Form 990, Part IX, Line 24E

Office Expenses 3747. 2810. 375. 562.

Form 990, Part IX, Line 24E

Office Internet & Phone 2476. 1857. 248. 371.

Form 990, Part IX, Line 24E

Office Supplies 10521. 0. 0. 10521.

Form 990, Part IX, Line 24E

Payroll & Benefit Fees 53593. 16841. 36752. 0.

Form 990, Part IX, Line 24E

Postage & Shipping 2249. 0. 1216. 1033.

Form 990, Part IX, Line 24E

Printing 8903. 0. 8693. 210.

Form 990, Part IX, Line 24E

Rent 17619. 13214. 1762. 2643.

Form 990, Part IX, Line 24E

Sales Tax 21. 21. 0. 0.

Form 990, Part IX, Line 24E

Station Operation costs 6486. 0. 0. 6486.

Form 990, Part IX, Line 24E

Subcontract Labor 24044. 8260. 2769. 13015.

Form 990, Part IX, Line 24E

Travel 1839. 304. 0. 1535.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0135476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0115511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060713
IRS990ScheduleA/Total509Grp/TotalAmt0664945
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03546
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08971
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IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt187865
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Hope Christian Community Foundation
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Restricted Cash
IRS990ScheduleD/RevenueSubtotalAmt0622001
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05425
IRS990ScheduleD/TotalBookValueOtherAssetsAmt087865
IRS990ScheduleD/TotalExpensesPerForm990Amt0451593
IRS990ScheduleD/TotalRevenuePerForm990Amt0622001
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0451593
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt022000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt091938
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K Race
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0No Show Ball
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0126755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt057950
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0194655
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0104755
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0110000
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0120256
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Non Medical NeoNatal supplies
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form is reviewed by the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1David Spence and Brittany Spence are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Auditor Adjustment to prior period
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Meals 15000. 15000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office Expenses 3747. 2810. 375. 562.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office Internet & Phone 2476. 1857. 248. 371.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Office Supplies 10521. 0. 0. 10521.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payroll & Benefit Fees 53593. 16841. 36752. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage & Shipping 2249. 0. 1216. 1033.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Printing 8903. 0. 8693. 210.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Rent 17619. 13214. 1762. 2643.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Sales Tax 21. 21. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Station Operation costs 6486. 0. 0. 6486.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Subcontract Labor 24044. 8260. 2769. 13015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Travel 1839. 304. 0. 1535.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060964
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337619
IRS990/TotalFunctionalExpensesGrp/TotalAmt0451593
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04249
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0830654
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0337619
IRS990/TotalReportableCompFromOrgAmt036700
IRS990/TotalRevenueGrp/ExclusionAmt0321507
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt081897
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0622001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0830654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01000208
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03092 Poplar Avenue
IRS990/USAddress/CityNm0Memphis
IRS990/USAddress/StateAbbreviationCd0TN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.19$1.70$0.88$0.70$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.02$1.42$0.57$0.60$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.01$1.44$0.83$0.46$0.37
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.03$1.08$0.52$0.44$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.62$0.45$0.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.42$0.34$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$0.39$0.21$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.33$0.16$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.21$0.12$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.21$0.12$0.06$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.07$0.07$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.06$0.02$0.04