Civic Intelligence

Forrest Spence Fund

990 • Fiscal year 2021 • EIN 27-0151429

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 24, 2022

Organization ProfileN/A
3092 Poplar Avenue Ste 15Memphis, TN 38111

(901) 421-6909

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.02x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

84th percentile

44%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

79th percentile

32%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

60%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$1,458,847

Up $356,158 (+32%) from 2020

Net Assets

Up

$1,444,944

Up $368,334 (+34%) from 2020

Liabilities

Down

$13,903

Down $12,176 (-47%) from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin84th percentile

Revenue

Up

$829,907

Up $309,691 (+60%) from 2020

Expenses

Up

$461,573

Up $22,008 (+5.0%) from 2020

Net Income

Up

$368,334

Up $287,683 (+357%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

2021

Assets$1,458,847
Liabilities$13,903
Net Assets$1,444,944
Open 2021 Filing

Operations Trend

Revenue Growth79th percentile

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

2021

Revenue$829,907
Expenses$461,573
Net Income$368,334
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 24, 2022
Return Version
2021v4.2
Gross Receipts
$829,907
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 midsouth

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$610,338$795,484▲ $185,146
Cash and Non-Interest-Bearing Accounts$485,146$643,207▲ $158,061
Prepaid Expenses and Deferred Charges$3,354$17,879▲ $14,525
Land, Buildings, and Equipment, Net$3,851$2,277▼ $1,574
Total Assets$1,102,689$1,458,847▲ $356,158
Liabilities
Accounts Payable and Accrued Expenses$26,079$13,903▼ $12,176
Total Liabilities$26,079$13,903▼ $12,176
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,028,299$1,290,846▲ $262,547
Net Assets With Donor Restrictions$48,311$154,098▲ $105,787
Total Net Assets Fund Balance$1,076,610$1,444,944▲ $368,334
Total Liabilities and Net Assets / Fund Balance$1,102,689$1,458,847▲ $356,158

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,277$6,694-
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$719,209
Program Service Revenue
$0
Investment Income
$110,698
Other Revenue
$0
All Other Contributions
$406,311
Change in Net Assets
$368,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$829,907
Total Revenue per Audited Statements
$829,907
Total Revenue per Form 990
$829,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$232,223
Other Expenses$136,291
Total Fundraising Expense$104,499
Salaries, Compensation, and Employee Benefits$93,059
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$119,463--$119,463
Grants to Domestic Orgs$112,760--$112,760
Current Officers, Directors, Trustees, and Key Employees$51,253$24,474$17,332$93,059
Office Expenses-$31,707$19,905$51,612
Fees for Services Accounting-$9,069-$9,069
Fees for Services Other-$3,910-$3,910
All Other Expenses--$3,722$3,722
Insurance-$2,864-$2,864
Depreciation Depletion-$1,574-$1,574
Other Expenses--$1,251$1,251
Total Functional Expenses$283,476$73,598$104,499$461,573

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$461,573
Total Expenses per Audited Statements$461,573
Total Expenses per Form 990$461,573
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
Backup withholding compliance
Yes
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

Officer directors etc family relationship Part VI line 2

“Pt vi, line 2: david spence and brittany spence are married.”

Form 990 governing body review Part VI line 11

“Pt vi, line 11b: form is reviewed by the directors”

Form 990 availability to public Part VI line 18

“AVAILABLE TO PUBLIC”

Governing documents etc available to public Part VI line 19

“Governing documents available to the public”

Filing and Contact Details

Filer

Filer Name
Forrest Spence Fund
EIN
27-0151429
Address
3092 POPLAR AVENUE STE 15, MEMPHIS, TN 38111

Signing Officer

Name
Brittany Spence
Title
Executive Direc
Phone
9012700977
Signed
2022-08-24
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
4
Volunteers
6

Preparer

Firm
A W Parker PC
Address
7990 Trinity Rd Suite 110, Cordova, TN 38018
Preparer
A W Parker
Phone
9017943528
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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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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt08971
IRS990ScheduleD/ExpensesSubtotalAmt0461573
IRS990ScheduleD/RevenueSubtotalAmt0829907
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02277
IRS990ScheduleD/TotalExpensesPerForm990Amt0461573
IRS990ScheduleD/TotalRevenuePerForm990Amt0829907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0829907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0461573
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NON-MEDICAL ASSISTANCE TO FAMILIES OF NICU PATIENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NON MEDICAL NEONATAL SUPPLIES COUNSELING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PT VI, LINE 2: DAVID SPENCE AND BRITTANY SPENCE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PT VI, LINE 11B: FORM IS REVIEWED BY THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01458847
IRS990/TotalAssetsGrp/BOYAmt01102689
IRS990/TotalAssetsGrp/EOYAmt01458847
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IRS990/TotalContributionsAmt0719209
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0104499
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073598
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0283476
IRS990/TotalFunctionalExpensesGrp/TotalAmt0461573
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026079
IRS990/TotalLiabilitiesEOYAmt013903
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IRS990/TotalLiabilitiesGrp/EOYAmt013903
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0283476
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0110698
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0829907
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRITTANY SPENCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum09012700977
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-24
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ReturnHeader/Filer/BusinessNameControlTxt0FORR
ReturnHeader/Filer/EIN0270151429
ReturnHeader/Filer/USAddress/AddressLine1Txt03092 POPLAR AVENUE STE 15
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621413047
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A W Parker PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07990 Trinity Rd Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cordova
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038018
ReturnHeader/PreparerPersonGrp/PhoneNum09017943528
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A W Parker
ReturnHeader/ReturnTs02022-08-24T17:58:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRITTANY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPENCE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,458,847
Liabilities
$13,903
Net assets
$1,444,944
Revenue
$829,907
Expenses
$461,573
Net income
$368,334
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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