Civic Intelligence

Parsons-Decatur County Higher Education Foundation

990 • Fiscal year 2018 • EIN 27-0456021

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 22, 2018

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

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.31x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

55th percentile

3.0%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.4%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$7,448,484

Up $213,694 (+3.0%) from 2017

Net Assets

Up

$7,274,072

Up $193,032 (+2.7%) from 2017

Liabilities

Up

$174,412

Up $20,662 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin85th percentile

Revenue

Up

$563,404

Up $38,588 (+7.4%) from 2017

Expenses

Up

$370,372

Up $59,869 (+19%) from 2017

Net Income

Down

$193,032

Down $21,281 (-9.9%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2018

Assets$7,448,484
Liabilities$174,412
Net Assets$7,274,072
Open 2018 Filing

Operations Trend

Revenue Growth59th 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

2018

Revenue$563,404
Expenses$370,372
Net Income$193,032
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 22, 2018
Return Version
2017v2.3
Gross Receipts
$563,404
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$7,081,040$7,274,072▲ $193,032
Land, Buildings, and Equipment, Net$4,795,187$4,659,123▼ $136,064
Cash and Non-Interest-Bearing Accounts$2,361,682$2,710,423▲ $348,741
Other Notes and Loans Receivable, Net$65,180$65,180→ $0
Prepaid Expenses and Deferred Charges$12,741$13,758▲ $1,017
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,234,790$7,448,484▲ $213,694
Liabilities
Deferred Revenue$153,750$174,412▲ $20,662
Total Liabilities$153,750$174,412▲ $20,662
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,081,040$7,274,072▲ $193,032
Total Liabilities and Net Assets / Fund Balance$7,234,790$7,448,484▲ $213,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,259,123$979,230$5,238,353
Land$400,000-$400,000
Equipment$0$36,646$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
$235,242
Program Service Revenue
$328,162
Investment Income
$0
Other Revenue
$0
All Other Contributions
$235,242
Change in Net Assets
$193,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,512
Grants and Similar Amounts Paid$125,860
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$136,064--$136,064
Grants to Domestic Individuals$125,860--$125,860
Occupancy$70,825--$70,825
Fees for Services Management$13,250--$13,250
Insurance$12,741--$12,741
Advertising$7,204--$7,204
Fees for Services Accounting$3,375--$3,375
Office Expenses$1,033--$1,033
Other Expenses$20--$20
Total Functional Expenses$370,372$0$0$370,372
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
Annual disclosure for covered persons
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
2018-08-22
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 Appendix333 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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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
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IRS990/TempOrPermanentEndowmentsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0235242
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0370372
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID F OSBORNE
ReturnHeader/ReturnTs02018-08-22T08:09:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,448,484
Liabilities
$174,412
Net assets
$7,274,072
Revenue
$563,404
Expenses
$370,372
Net income
$193,032
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits