Civic Intelligence

Forrest Spence Fund

990 • Fiscal year 2020 • EIN 27-0151429

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 20, 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

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

16%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$37,080

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

59th percentile

10%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$1,102,689

Up $102,481 (+10%) from 2019

Net Assets

Up

$1,076,610

Up $80,651 (+8.1%) from 2019

Liabilities

Up

$26,079

Up $21,830 (+514%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin67th percentile

Revenue

Down

$520,216

Down $101,785 (-16%) from 2019

Expenses

Down

$439,565

Down $12,028 (-2.7%) from 2019

Net Income

Down

$80,651

Down $89,757 (-53%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2020

Assets$1,102,689
Liabilities$26,079
Net Assets$1,076,610
Open 2020 Filing

Operations Trend

Revenue Growth26th 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

2020

Revenue$520,216
Expenses$439,565
Net Income$80,651
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 20, 2022
Return Version
2020v4.1
Gross Receipts
$520,216
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$487,171$610,338▲ $123,167
Cash and Non-Interest-Bearing Accounts$416,006$485,146▲ $69,140
Land, Buildings, and Equipment, Net$5,425$3,851▼ $1,574
Prepaid Expenses and Deferred Charges$1,241$3,354▲ $2,113
Accounts Receivable$2,500--
Total Assets$1,000,208$1,102,689▲ $102,481
Other Assets Total$87,865--
Liabilities
Accounts Payable and Accrued Expenses$4,249$26,079▲ $21,830
Total Liabilities$4,249$26,079▲ $21,830
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$908,094$1,028,299▲ $120,205
Net Assets With Donor Restrictions$87,865$48,311▼ $39,554
Total Net Assets Fund Balance$995,959$1,076,610▲ $80,651
Total Liabilities and Net Assets / Fund Balance$1,000,208$1,102,689▲ $102,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,851$5,120-
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brittany SpenceExecutive DirectorPT$37,080$37,080

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
$481,253
Program Service Revenue
$0
Investment Income
$38,469
Other Revenue
$494
All Other Contributions
$430,753
Change in Net Assets
$80,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$520,216
Total Revenue per Audited Statements
$520,216
Total Revenue per Form 990
$520,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$245,441
Other Expenses$103,551
Salaries, Compensation, and Employee Benefits$90,573
Total Fundraising Expense$52,021
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$126,400--$126,400
Grants to Domestic Individuals$119,041--$119,041
Current Officers, Directors, Trustees, and Key Employees$56,449$31,471$2,653$90,573
Office Expenses-$24,202$18,720$42,922
Fees for Services Other-$41$29,784$29,825
Fees for Services Accounting-$23,649-$23,649
Insurance-$2,482-$2,482
Depreciation Depletion-$1,574-$1,574
Information Technology-$1,401-$1,401
Travel--$864$864
Other Expenses-$190-$190
Total Functional Expenses$301,890$85,654$52,021$439,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$439,565
Total Expenses per Audited Statements$439,565
Total Expenses per Form 990$439,565
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
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
2022-09-20
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
30

Preparer

Firm
A W Parker PC
Address
7990 Trinity Rd Suite 110, Cordova, TN 38018
Preparer
A W Parker
Phone
9017943528
Supplemental Narrative

Additional Explanations

Amended return information

“Line 7a unrelated business income was removed. It was also removed from the corresponding line 12, part viii, column c. The amount was added to part viii, line 1f all other contributions, gifts, grants, and similar income. It was not unrelated as originally reported. $215,520.00. Section c disclosure box checked for 990 upon request for public inspection of form 990.schedule d part xi reconciliation of revenue per audited financial statement was confirmed as agreeing with original figures from bookkeeper as well as figures reported on this form 990. Part iv box 12a checked yesthese changes did not affect any revenues or expenses increases or decreases to any figures reported originally. All changes were cosmetic.”

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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/ExplanationTxt0LINE 7A UNRELATED BUSINESS INCOME WAS REMOVED. IT WAS ALSO REMOVED FROM THE CORRESPONDING LINE 12, PART VIII, COLUMN C. THE AMOUNT WAS ADDED TO PART VIII, LINE 1F ALL OTHER CONTRIBUTIONS, GIFTS, GRANTS, AND SIMILAR INCOME. IT WAS NOT UNRELATED AS ORIGINALLY REPORTED. $215,520.00. SECTION C DISCLOSURE BOX CHECKED FOR 990 UPON REQUEST FOR PUBLIC INSPECTION OF FORM 990.SCHEDULE D PART XI RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENT WAS CONFIRMED AS AGREEING WITH ORIGINAL FIGURES FROM BOOKKEEPER AS WELL AS FIGURES REPORTED ON THIS FORM 990. PART IV BOX 12A CHECKED YESTHESE CHANGES DID NOT AFFECT ANY REVENUES OR EXPENSES INCREASES OR DECREASES TO ANY FIGURES REPORTED ORIGINALLY. ALL CHANGES WERE COSMETIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PT VI, LINE 2: DAVID SPENCE AND BRITTANY SPENCE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PT VI, LINE 11B: FORM IS REVIEWED BY THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A W Parker PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07990 Trinity Rd Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cordova
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
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ReturnHeader/PreparerPersonGrp/PhoneNum09017943528
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A W Parker
ReturnHeader/ReturnTs02022-09-20T16:10:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRITTANY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPENCE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,102,689
Liabilities
$26,079
Net assets
$1,076,610
Revenue
$520,216
Expenses
$439,565
Net income
$80,651
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
2020Detailed filing. Detailed filing data is available for this year.$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