Civic Intelligence

Cotesworth Culture And

EIN 27-3710890 • 501(c)3 • Carrollton, MS

Profile

The organization mission is to acquire and manage a center for mississippi culture and heritage. The organization intends to conduct seminars to educate the public about mississippi's heritage. The center will be an educational and interpretation center.

PO Box 108Carrollton, MS 38967

www.cotesworthcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.17x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-181%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-2.3%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

54%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,997,132

Down $115,803 (-5.5%) from 2022

Liabilities

Flat

$56,613

Flat from 2022

Net Assets

Down

$1,940,519

Down $115,803 (-5.6%) from 2022

Revenue

Up

$26,119

Up $16,278 (+165%) from 2022

Expenses

Up

$73,289

Up $4,344 (+6.3%) from 2022

Net Income

Up

-$47,170

Up $11,934 (+20%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2013: $11,581Liabilities 2013: $0Net Assets 2013: $11,5812013Assets 2015: $2,254,425Liabilities 2015: $0Net Assets 2015: $2,254,4252015Assets 2016: $2,279,298Liabilities 2016: $0Net Assets 2016: $2,279,2982016Assets 2017: $2,246,860Liabilities 2017: $0Net Assets 2017: $2,246,8602017Assets 2018: $2,185,750Liabilities 2018: $0Net Assets 2018: $2,185,7502018Assets 2019: $2,129,814Liabilities 2019: $0Net Assets 2019: $2,129,8142019Assets 2020: $2,075,127Liabilities 2020: $0Net Assets 2020: $2,075,1272020Assets 2022: $2,112,935Liabilities 2022: $56,613Net Assets 2022: $2,056,3222022Assets 2024: $1,997,132Liabilities 2024: $56,613Net Assets 2024: $1,940,5192024

Highlighted filing

2024

Assets$1,997,132
Liabilities$56,613
Net Assets$1,940,519

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2013: $26,226Expenses 2013: $30,210Net Income 2013: -$3,9842013Revenue 2015: $9,375Expenses 2015: $16,034Net Income 2015: -$6,6592015Revenue 2016: $49,157Expenses 2016: $24,284Net Income 2016: $24,8732016Revenue 2017: $41,033Expenses 2017: $73,471Net Income 2017: -$32,4382017Revenue 2018: $10,125Expenses 2018: $71,235Net Income 2018: -$61,1102018Revenue 2019: $19,268Expenses 2019: $75,204Net Income 2019: -$55,9362019Revenue 2020: $11,149Expenses 2020: $65,836Net Income 2020: -$54,6872020Revenue 2022: $9,841Expenses 2022: $68,945Net Income 2022: -$59,1042022Revenue 2024: $26,119Expenses 2024: $73,289Net Income 2024: -$47,1702024

Highlighted filing

2024

Revenue$26,119
Expenses$73,289
Net Income-$47,170

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Gross Receipts
$26,119
Mission and Program Overview

Mission

The organization mission is to acquire and manage a center for mississippi culture and heritage. The organization intends to conduct seminars to educate the public about mississippi's heritage. The center will be an educational and interpretation center.

The organization mission is to acquire and manage a center for mississippi culture and heritage. The organization is dedicated to preserving and sharing the legacy of cotesworth, incluiding the house, the library, and the surrounding acreage. The organization's plan is to bring this special place into public use as an educational center, heritage site and venue for arts, entertainment and events which benefit all of mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,950,444$1,949,986▼ $458
Cash and Non-Interest-Bearing Accounts$93,858$47,146▼ $46,712
Total Assets$2,044,302$1,997,132▼ $47,170
Liabilities
Mortgage Notes Payable Secured by Investment Property$56,613$56,613→ $0
Total Liabilities$56,613$56,613→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,987,689$1,940,519▼ $47,170
Total Net Assets Fund Balance$1,987,689$1,940,519▼ $47,170
Total Liabilities and Net Assets / Fund Balance$2,044,302$1,997,132▼ $47,170

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,949,986$458,931$2,408,917
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth DownsPresident
Clements OdomDirector
Dennie SpenceDirector
Gloria KellumDirector
Jay WilliamsDirector
Joe NokesDirector
Julia BanksDirector
Margaret AdamsDirector
Punkie StewartDirector
Sarah MccolloughDirector
Stacey GriffithDirector
Steven CookstonDirector
Pamela LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$26,119
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$26,119
Change in Net Assets
$-47,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,289
Total Fundraising Expense$8,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,646$2,981$2,981$59,608
Advertising--$4,857$4,857
Insurance$3,494$194$194$3,882
Occupancy$3,421$190$190$3,801
Other Expenses$630$200$191$191
Office Expenses$44$3$3$50
Total Functional Expenses$61,235$3,603$8,451$73,289
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

During the organization's formative period, the organization has been approved as a "special project" of create foundation, a publicly supported 501(c)(3)organization. Create acts as fiscal agent of the organization.

Form 990, Page 6, Part VI, Line 7A

Article 3 of the organization's bylaws provide that the membership shall consist of the incorporator, all members of the board of directors, and all other persons, firms or corporations which are elected to membership by the affirmative vote of two-thirds of the directors present at a board meeting having a quorum of directors present.

Form 990, Page 6, Part VI, Line 7B

Article 4 of the bylaws provides for annual meeting of the membership for the purpose of electing directors and for the transaction of such other business as may come before the meeting.

Form 990, Page 6, Part VI, Line 9

Margaret adams p.o. Box 243 north carrollton, ms 38947 gloria kellum 213 colonial road oxford, ms 38655 steven cookston 423 e. Claiborne st. Greenwood, ms 38930 kenneth downs p. O. Box 547 greenwood, ms 38935

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

The form 990 is provided to all director's for review prior to submission

Form 990, Page 6, Part VI, Line 12C

Board members sign written disclosures of related interest. Pursuant to the organization's conflict of interest policy, upon learning that a covered person may have willfully violated the provisions of the policy, the board shall form a special committee to investigate the violation. Upon receipt of the committee's report, the board (excluding the person whose actions are being investigated) shall take such corrective or remdial action as it deems appropriate, including exoneration, censure or request for resignation.

Form 990, Page 6, Part VI, Line 19

By request. Several of the governing documents are also available on the mississippi secretary of state's website.

Filing and Contact Details

Filer

Filer Name
Cotesworth Culture and
EIN
27-3710890
Phone
6622345728
Address
PO BOX 108, CARROLLTON, MS 38967

Signing Officer

Name
Kenneth Downs
Title
President
Phone
6624558847
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Downs
Formed
2010
Legal Domicile
Ms
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Nail Mckinney Professional Association
Address
PO BOX 196, TUPELO, MS 38802-0196
Preparer
James Pegues CPA
Phone
6628426475
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization mission is to acquire and manage a center for mississippi culture and heritage. The organization is dedicated to preserving and sharing the legacy of cotesworth, incluiding the house, the library, and the surrounding acreage. The organization's plan is to bring this special place into public use as an educational center, heritage site and venue for arts, entertainment and events which benefit all of mississippi.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011149
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011149
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt074242
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0458931
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02408917
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01949986
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MISSION IS TO ACQUIRE AND MANAGE A CENTER FOR MISSISSIPPI CULTURE AND HERITAGE. THE ORGANIZATION IS DEDICATED TO PRESERVING AND SHARING THE LEGACY OF COTESWORTH, INCLUIDING THE HOUSE, THE LIBRARY, AND THE SURROUNDING ACREAGE. THE ORGANIZATION'S PLAN IS TO BRING THIS SPECIAL PLACE INTO PUBLIC USE AS AN EDUCATIONAL CENTER, HERITAGE SITE AND VENUE FOR ARTS, ENTERTAINMENT AND EVENTS WHICH BENEFIT ALL OF MISSISSIPPI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE ORGANIZATION'S FORMATIVE PERIOD, THE ORGANIZATION HAS BEEN APPROVED AS A "SPECIAL PROJECT" OF CREATE FOUNDATION, A PUBLICLY SUPPORTED 501(C)(3)ORGANIZATION. CREATE ACTS AS FISCAL AGENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ARTICLE 3 OF THE ORGANIZATION'S BYLAWS PROVIDE THAT THE MEMBERSHIP SHALL CONSIST OF THE INCORPORATOR, ALL MEMBERS OF THE BOARD OF DIRECTORS, AND ALL OTHER PERSONS, FIRMS OR CORPORATIONS WHICH ARE ELECTED TO MEMBERSHIP BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE DIRECTORS PRESENT AT A BOARD MEETING HAVING A QUORUM OF DIRECTORS PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTICLE 4 OF THE BYLAWS PROVIDES FOR ANNUAL MEETING OF THE MEMBERSHIP FOR THE PURPOSE OF ELECTING DIRECTORS AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARGARET ADAMS P.O. BOX 243 NORTH CARROLLTON, MS 38947 GLORIA KELLUM 213 COLONIAL ROAD OXFORD, MS 38655 STEVEN COOKSTON 423 E. CLAIBORNE ST. GREENWOOD, MS 38930 KENNETH DOWNS P. O. BOX 547 GREENWOOD, MS 38935
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS PROVIDED TO ALL DIRECTOR'S FOR REVIEW PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS SIGN WRITTEN DISCLOSURES OF RELATED INTEREST. PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, UPON LEARNING THAT A COVERED PERSON MAY HAVE WILLFULLY VIOLATED THE PROVISIONS OF THE POLICY, THE BOARD SHALL FORM A SPECIAL COMMITTEE TO INVESTIGATE THE VIOLATION. UPON RECEIPT OF THE COMMITTEE'S REPORT, THE BOARD (EXCLUDING THE PERSON WHOSE ACTIONS ARE BEING INVESTIGATED) SHALL TAKE SUCH CORRECTIVE OR REMDIAL ACTION AS IT DEEMS APPROPRIATE, INCLUDING EXONERATION, CENSURE OR REQUEST FOR RESIGNATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BY REQUEST. SEVERAL OF THE GOVERNING DOCUMENTS ARE ALSO AVAILABLE ON THE MISSISSIPPI SECRETARY OF STATE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061235
IRS990/TotalFunctionalExpensesGrp/TotalAmt073289
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IRS990/TotalLiabilitiesEOYAmt056613
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IRS990/TotalLiabilitiesGrp/EOYAmt056613
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IRS990/USAddress/AddressLine1Txt0P O BOX 547
IRS990/USAddress/CityNm0GREENWOOD
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038935
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IRS990/WebsiteAddressTxt0WWW.COTESWORTHCENTER.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH DOWNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06624558847
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COTESWORTH CULTURE AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HERITAGE CENTER
ReturnHeader/Filer/BusinessNameControlTxt0COTE
ReturnHeader/Filer/EIN0273710890
ReturnHeader/Filer/PhoneNum06622345728
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 108
ReturnHeader/Filer/USAddress/CityNm0CARROLLTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640760834
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NAIL MCKINNEY PROFESSIONAL ASSOCIATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 196
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUPELO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0388020196
ReturnHeader/PreparerPersonGrp/PhoneNum06628426475
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES PEGUES CPA
ReturnHeader/ReturnTs02025-05-15T10:35:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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