Civic Intelligence

Foundation for the Advancement & Su of the Tennessee Walking Show Horse

990 • Fiscal year 2017 • EIN 27-0318308

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 23, 2018

PO Box 259Shelbyville, TN 37162

(770) 834-5804

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

83rd percentile

30%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-45%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$280,264

Up $169,730 (+154%) from 2015

Net Assets

Up

$275,229

Up $164,695 (+149%) from 2015

Liabilities

$5,035

No earlier filing loaded for comparison.

Revenue

Up

$454,885

Up $273,938 (+151%) from 2015

Expenses

Up

$394,153

Up $248,958 (+171%) from 2015

Net Income

Up

$60,732

Up $24,980 (+70%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $75,901Liabilities 2011: $0Net Assets 2011: $75,9012011Assets 2013: $49,713Net Assets 2013: $49,7132013Assets 2014: $74,781Net Assets 2014: $74,7812014Assets 2015: $110,534Net Assets 2015: $110,5342015Assets 2017: $280,264Liabilities 2017: $5,035Net Assets 2017: $275,2292017Assets 2018: $335,194Liabilities 2018: $5,035Net Assets 2018: $330,1592018Assets 2019: $348,265Liabilities 2019: $5,036Net Assets 2019: $343,2292019Assets 2020: $305,948Liabilities 2020: $825Net Assets 2020: $305,1232020Assets 2021: $290,740Liabilities 2021: $827Net Assets 2021: $289,9132021Assets 2022: $730,548Liabilities 2022: $0Net Assets 2022: $730,5482022Assets 2024: $233,745Liabilities 2024: $0Net Assets 2024: $233,7452024

Highlighted filing

2017

Assets$280,264
Liabilities$5,035
Net Assets$275,229

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $141,346Expenses 2011: $97,778Net Income 2011: $43,5682011Revenue 2013: $107,028Expenses 2013: $145,213Net Income 2013: -$38,1852013Revenue 2014: $143,640Expenses 2014: $118,572Net Income 2014: $25,0682014Revenue 2015: $180,947Expenses 2015: $145,195Net Income 2015: $35,7522015Revenue 2017: $454,885Expenses 2017: $394,153Net Income 2017: $60,7322017Revenue 2018: $117,681Expenses 2018: $62,751Net Income 2018: $54,9302018Revenue 2019: $85,869Expenses 2019: $72,799Net Income 2019: $13,0702019Revenue 2020: $11,067Expenses 2020: $49,174Net Income 2020: -$38,1072020Revenue 2021: $30,966Expenses 2021: $46,175Net Income 2021: -$15,2092021Revenue 2022: $799,032Expenses 2022: $358,397Net Income 2022: $440,6352022Revenue 2024: $420,976Expenses 2024: $899,591Net Income 2024: -$478,6152024

Highlighted filing

2017

Revenue$454,885
Expenses$394,153
Net Income$60,732
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 23, 2018
Return Version
2017v2.3
Gross Receipts
$592,118
Mission and Program Overview

Mission

The organization's primary exempt purpose is to advance, support and preserve the tennessee walking show horse.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$210,522$280,139▲ $69,617
Pledges and Grants Receivable$4,800$125▼ $4,675
Total Assets$215,322$280,264▲ $64,942
Liabilities
Accounts Payable and Accrued Expenses$825$5,035▲ $4,210
Total Liabilities$825$5,035▲ $4,210
Net Assets / Fund Balance
Unrestricted Net Assets$157,276$199,767▲ $42,491
Temporarily Rstr Net Assets$57,221$75,462▲ $18,241
Total Net Assets Fund Balance$214,497$275,229▲ $60,732
Total Liabilities and Net Assets / Fund Balance$215,322$280,264▲ $64,942
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kasey KesselringPresident
Brenda CarlonDirector
Bruce VaughnDirector
Carol LackeyDirector
Christy LandisDirector
Deborah WilliamsDirector
Jeffrey HowardDirector
Jill DericksonDirector
Kyle BushDirector
Margo UradDirector
Mike DavisDirector
Pam IngrahamDirector
Heather BeardSecretary
Molly WaltersTreasurer
Kathy ZeisVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Kelly Drye & Warren LLPLegal101 PARK AVE, New York, NY 10178$268,044
Revenue and Support

Revenue Composition

Contributions and Grants
$381,300
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$73,585
All Other Contributions
$381,300
Change in Net Assets
$60,732

Audited Revenue Reconciliation

Revenue per Audited Statements
$454,885
Revenue Not Reported on Form 990
$137,233
Total Revenue per Audited Statements
$592,118
Total Revenue per Form 990
$454,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$366,220
Other Expenses$27,933
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$316,220--$316,220
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Accounting-$11,601-$11,601
Advertising-$8,713-$8,713
Other Expenses-$885-$885
Insurance-$500-$500
Office Expenses-$469-$469
Total Functional Expenses$366,220$27,933$0$394,153

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$531,386
Expenses per Audited Statements$394,153
Total Expenses per Form 990$394,153
Expenses Not Reported on Form 990$137,233
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TN WALKING HORSE NAT'L CELEBRATIONShelbyville, TN501c5Horse Show Assistanc$50,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$210,818
Fundraising Direct Expenses$137,233
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$110,218$110,218-$110,218
Horse Showcase$60,745$60,745$33,858$26,887
Total Events$210,818$210,818$137,233$73,585
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
Audit committee
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, Page 6, Part VI, Line 8B

There are no committeess with autority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to each officer via e-mail, in advance of the due date with a request for comments or revisions.

Form 990, Page 6, Part VI, Line 19

The organization makes all documents available on request and does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Foundation for the Advancement & Su
EIN
27-0318308
Phone
7708345804
Address
PO BOX 259, SHELBYVILLE, TN 37162

Signing Officer

Name
Kathy Zeis
Title
Vice President
Phone
7708345804
Signed
2018-08-23

Organization Details

Principal Officer
Kasey Kesselring
Formed
2009
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
14

Preparer

Firm
Winnett Associates Pllc
Address
PO BOX 745, SHELBYVILLE, TN 37162-0745
Preparer
John a Lile
Phone
9316847142
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The board of directors serve without any compensation.

Form 990, Part XI, Line 9

Net fundraising is presented on form 990 137,233 net fundraising is presented on form 990 -137,233

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Net fundraising is presented on form 990 137,233

Schedule D, Page 4, Part XII, Line 2D

Net fundraising is presented on form 990 137,233

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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/ExplanationTxt0THE BOARD OF DIRECTORS SERVE WITHOUT ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEESS WITH AUTORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO EACH OFFICER VIA E-MAIL, IN ADVANCE OF THE DUE DATE WITH A REQUEST FOR COMMENTS OR REVISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE ON REQUEST AND DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
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