Civic Intelligence

Parsons-Decatur County Higher Education Foundation

990 • Fiscal year 2017 • EIN 27-0456021

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 23, 2017

Organization ProfileNA
PO Box 128Parsons, TN 38363-0128

(731) 847-6358

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.29x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

47th percentile

3.1%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-28%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$7,234,790

Up $214,993 (+3.1%) from 2016

Net Assets

Up

$7,081,040

Up $214,313 (+3.1%) from 2016

Liabilities

Up

$153,750

Up $680 (+0.4%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin88th percentile

Revenue

Down

$524,816

Down $207,467 (-28%) from 2016

Expenses

Up

$310,503

Up $41,619 (+15%) from 2016

Net Income

Down

$214,313

Down $249,086 (-54%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$10M$5.0M$0Assets 2011: $4,955,379Liabilities 2011: $1,237,311Net Assets 2011: $3,718,0682011Assets 2012: $4,664,393Liabilities 2012: $0Net Assets 2012: $4,664,3932012Assets 2013: $4,841,302Liabilities 2013: $0Net Assets 2013: $4,841,3022013Assets 2014: $5,671,710Liabilities 2014: $408,875Net Assets 2014: $5,262,8352014Assets 2015: $6,556,478Liabilities 2015: $153,150Net Assets 2015: $6,403,3282015Assets 2016: $7,019,797Liabilities 2016: $153,070Net Assets 2016: $6,866,7272016Assets 2017: $7,234,790Liabilities 2017: $153,750Net Assets 2017: $7,081,0402017Assets 2018: $7,448,484Liabilities 2018: $174,412Net Assets 2018: $7,274,0722018Assets 2019: $7,721,504Liabilities 2019: $0Net Assets 2019: $7,721,5042019Assets 2020: $8,046,680Liabilities 2020: $0Net Assets 2020: $8,046,6802020Assets 2021: $8,163,410Liabilities 2021: $0Net Assets 2021: $8,163,4102021Assets 2022: $8,351,184Liabilities 2022: $0Net Assets 2022: $8,351,1842022Assets 2023: $8,645,495Liabilities 2023: $0Net Assets 2023: $8,645,4952023Assets 2024: $9,056,993Liabilities 2024: $0Net Assets 2024: $9,056,9932024Assets 2025: $9,520,383Liabilities 2025: $0Net Assets 2025: $9,520,3832025

Highlighted filing

2017

Assets$7,234,790
Liabilities$153,750
Net Assets$7,081,040
Open 2017 Filing

Operations Trend

Revenue Growth8th percentile

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

$1.5M$1.0M$500K$0Expenses 2011: $214,9072011Expenses 2012: $173,9022012Expenses 2013: $205,3332013Revenue 2014: $611,963Expenses 2014: $190,430Net Income 2014: $421,5332014Revenue 2015: $1,349,558Expenses 2015: $209,065Net Income 2015: $1,140,4932015Revenue 2016: $732,283Expenses 2016: $268,884Net Income 2016: $463,3992016Revenue 2017: $524,816Expenses 2017: $310,503Net Income 2017: $214,3132017Revenue 2018: $563,404Expenses 2018: $370,372Net Income 2018: $193,0322018Revenue 2019: $804,985Expenses 2019: $357,553Net Income 2019: $447,4322019Revenue 2020: $700,782Expenses 2020: $375,606Net Income 2020: $325,1762020Revenue 2021: $1,004,454Expenses 2021: $887,724Net Income 2021: $116,7302021Revenue 2022: $664,529Expenses 2022: $377,091Net Income 2022: $287,4382022Revenue 2023: $695,498Expenses 2023: $401,187Net Income 2023: $294,3112023Revenue 2024: $843,017Expenses 2024: $431,519Net Income 2024: $411,4982024Revenue 2025: $888,664Expenses 2025: $425,274Net Income 2025: $463,3902025

Highlighted filing

2017

Revenue$524,816
Expenses$310,503
Net Income$214,313
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 23, 2017
Return Version
2016v3.0
Gross Receipts
$524,816
Mission and Program Overview

Mission

To promote the education of the residents of the city of parsons and decatur county, tennessee and surrounding area by providing educational facilities and scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,866,727$7,081,040▲ $214,313
Land, Buildings, and Equipment, Net$4,931,505$4,795,187▼ $136,318
Cash and Non-Interest-Bearing Accounts$1,979,619$2,361,682▲ $382,063
Other Notes and Loans Receivable, Net$108,673$65,180▼ $43,493
Prepaid Expenses and Deferred Charges-$12,741-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,019,797$7,234,790▲ $214,993
Liabilities
Deferred Revenue$153,070$153,750▲ $680
Total Liabilities$153,070$153,750▲ $680
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,866,727$7,081,040▲ $214,313
Total Liabilities and Net Assets / Fund Balance$7,019,797$7,234,790▲ $214,993

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,393,435$844,918$5,238,353
Land$400,000-$400,000
Equipment$1,752$34,894$36,646
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Melvin TaylorChairman & Director
Jon AyersPresident & Director
Tom LietchSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$217,996
Program Service Revenue
$306,820
Investment Income
$0
Other Revenue
$0
All Other Contributions
$217,996
Change in Net Assets
$214,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,693
Grants and Similar Amounts Paid$66,810
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$136,318--$136,318
Occupancy$67,593--$67,593
Grants to Domestic Individuals$66,810--$66,810
Fees for Services Management$13,000--$13,000
Insurance$12,207--$12,207
Advertising$6,895--$6,895
Fees for Services Accounting$3,300--$3,300
Office Expenses$710--$710
Other Expenses$20--$20
Total Functional Expenses$310,503$0$0$310,503
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
Yes
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Under the charter for the corporation, each of decatur county, city of parsons and the ayers foundation appoints a board member.”

Form 990, Part VI, Section A, Line 8B

“THERE ARE NO COMMITTEES.”

Form 990, Part VI, Section B, Line 11B

“The board through its designated representative, will review form 990 prior to its filing with the internal revenue service.”

Form 990, Part VI, Section C, Line 18

“The board of directors, upon written request, will approve for disclosure such documents as it deems appropriate to make available to the general public.”

Form 990, Part VI, Section C, Line 19

“The corporation makes documents available upon written request and approval by the board. See response above to form 990, part vi, section c, line 18.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Melvin taylor - 212 dogwood drive, decaturville, tn 38239. Jon ayers - 211 commerce street, suite 300, nashville, tn 37201. Tom lietch - 125 w main street, parsons, tn 38239.”

Filing and Contact Details

Filer

Filer Name
Parsons-decatur County
EIN
27-0456021
Phone
7318476358
Address
PO BOX 128, PARSONS, TN 38363-0128

Signing Officer

Name
Melvin Taylor
Title
Chairman & Director
Phone
7318476358
Signed
2017-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melvin Taylor
Formed
2009
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Osborne & Co Pc
Address
761 OLD HICKORY BLVD STE 201, BRENTWOOD, TN 37027
Preparer
David F Osborne
Phone
6153700590
Raw XML Appendix345 raw XML fields

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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATION GRANTS - UNIVERSITY OF TENNESSEE AT MARTIN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNDER THE CHARTER FOR THE CORPORATION, EACH OF DECATUR COUNTY, CITY OF PARSONS AND THE AYERS FOUNDATION APPOINTS A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD THROUGH ITS DESIGNATED REPRESENTATIVE, WILL REVIEW FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS, UPON WRITTEN REQUEST, WILL APPROVE FOR DISCLOSURE SUCH DOCUMENTS AS IT DEEMS APPROPRIATE TO MAKE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION MAKES DOCUMENTS AVAILABLE UPON WRITTEN REQUEST AND APPROVAL BY THE BOARD. SEE RESPONSE ABOVE TO FORM 990, PART VI, SECTION C, LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MELVIN TAYLOR - 212 DOGWOOD DRIVE, DECATURVILLE, TN 38239. JON AYERS - 211 COMMERCE STREET, SUITE 300, NASHVILLE, TN 37201. TOM LIETCH - 125 W MAIN STREET, PARSONS, TN 38239.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07019797
IRS990/TotalAssetsEOYAmt07234790
IRS990/TotalAssetsGrp/BOYAmt07019797
IRS990/TotalAssetsGrp/EOYAmt07234790
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0217996
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0153070
IRS990/TotalLiabilitiesEOYAmt0153750
IRS990/TotalLiabilitiesGrp/BOYAmt0153070
IRS990/TotalLiabilitiesGrp/EOYAmt0153750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06866727
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07081040
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0310503
IRS990/TotalProgramServiceRevenueAmt0306820
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0306820
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0524816
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07019797
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07234790
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 128
IRS990/USAddress/CityNm0PARSONS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0383630128
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVIN TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07318476358
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARSONS-DECATUR COUNTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HIGHER EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PARS
ReturnHeader/Filer/EIN0270456021
ReturnHeader/Filer/PhoneNum07318476358
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 128
ReturnHeader/Filer/USAddress/CityNm0PARSONS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0383630128
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DE8AA776FF588663C28252073B48BB54BFE183D1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0225AA81C09B2AEF1494840545BC43AEE49A400DD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.193.146.110
ReturnHeader/FilingSecurityInformation/IPDt02017-08-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:57:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621298042
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OSBORNE & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0761 OLD HICKORY BLVD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRENTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037027
ReturnHeader/PreparerPersonGrp/PhoneNum06153700590
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID F OSBORNE
ReturnHeader/ReturnTs02017-08-23T13:17:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,234,790
Liabilities
$153,750
Net assets
$7,081,040
Revenue
$524,816
Expenses
$310,503
Net income
$214,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.52$0.00$9.52$0.89$0.43$0.46
2024Detailed filing. Detailed filing data is available for this year.$9.06$0.00$9.06$0.84$0.43$0.41
2023Detailed filing. Detailed filing data is available for this year.$8.65$0.00$8.65$0.70$0.40$0.29
2022Detailed filing. Detailed filing data is available for this year.$8.35$0.00$8.35$0.66$0.38$0.29
2021Detailed filing. Detailed filing data is available for this year.$8.16$0.00$8.16$1.00$0.89$0.12
2020Detailed filing. Detailed filing data is available for this year.$8.05$0.00$8.05$0.70$0.38$0.33
2019Detailed filing. Detailed filing data is available for this year.$7.72$0.00$7.72$0.80$0.36$0.45
2018Detailed filing. Detailed filing data is available for this year.$7.45$0.17$7.27$0.56$0.37$0.19
2017Detailed filing. Detailed filing data is available for this year.$7.23$0.15$7.08$0.52$0.31$0.21
2016Detailed filing. Detailed filing data is available for this year.$7.02$0.15$6.87$0.73$0.27$0.46
2015Detailed filing. Detailed filing data is available for this year.$6.56$0.15$6.40$1.35$0.21$1.14
2014Detailed filing. Detailed filing data is available for this year.$5.67$0.41$5.26$0.61$0.19$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$0.00$4.84$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.00$4.66$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$1.24$3.72$0.21