Civic Intelligence

Collegedale Tomorrow Foundation Inc.

990 • Fiscal year 2017 • EIN 46-3824536

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 08, 2017

PO Box 1670Collegedale, TN 37315-1670

(423) 664-3022

Siviq Scores

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

Liabilities / Assets

51st percentile

0.10x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$95,300

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

1353%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

870%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,997,705

Up $4,653,815 (+1353%) from 2016

Net Assets

Up

$4,514,176

Up $4,172,305 (+1220%) from 2016

Liabilities

Up

$483,529

Up $481,510 (+23849%) from 2016

Revenue

Up

$4,361,541

Up $3,912,019 (+870%) from 2016

Expenses

Down

$189,235

Down $14,415 (-7.1%) from 2016

Net Income

Up

$4,172,306

Up $3,926,434 (+1597%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $20,767Liabilities 2014: $0Net Assets 2014: $20,7672014Assets 2015: $96,895Liabilities 2015: $8962015Assets 2016: $343,890Liabilities 2016: $2,019Net Assets 2016: $341,8712016Assets 2017: $4,997,705Liabilities 2017: $483,529Net Assets 2017: $4,514,1762017Assets 2018: $3,800,475Liabilities 2018: $527,881Net Assets 2018: $3,272,5942018Assets 2019: $297,744Liabilities 2019: $13,903Net Assets 2019: $283,8412019Assets 2020: $1,158,088Liabilities 2020: $31,184Net Assets 2020: $1,126,9042020Assets 2021: $1,817,436Liabilities 2021: $308,002Net Assets 2021: $1,509,4342021Assets 2022: $156,864Liabilities 2022: $8,140Net Assets 2022: $148,7242022Assets 2023: $360,516Liabilities 2023: $20,375Net Assets 2023: $340,1412023Assets 2024: $222,845Liabilities 2024: $28,645Net Assets 2024: $194,2002024

Highlighted filing

2017

Assets$4,997,705
Liabilities$483,529
Net Assets$4,514,176

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2014: $50,002Expenses 2014: $29,235Net Income 2014: $20,7672014Revenue 2015: $142,004Expenses 2015: $66,772Net Income 2015: $75,2322015Revenue 2016: $449,522Expenses 2016: $203,650Net Income 2016: $245,8722016Revenue 2017: $4,361,541Expenses 2017: $189,235Net Income 2017: $4,172,3062017Revenue 2018: $2,436,502Expenses 2018: $3,678,084Net Income 2018: -$1,241,5822018Revenue 2019: $240,578Expenses 2019: $3,229,331Net Income 2019: -$2,988,7532019Revenue 2020: $1,433,742Expenses 2020: $590,679Net Income 2020: $843,0632020Revenue 2021: $696,804Expenses 2021: $314,274Net Income 2021: $382,5302021Revenue 2022: $495,924Expenses 2022: $1,856,634Net Income 2022: -$1,360,7102022Revenue 2023: $644,324Expenses 2023: $452,907Net Income 2023: $191,4172023Revenue 2024: $612,113Expenses 2024: $747,480Net Income 2024: -$135,3672024

Highlighted filing

2017

Revenue$4,361,541
Expenses$189,235
Net Income$4,172,306
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 8, 2017
Return Version
2016v3.1
Gross Receipts
$4,361,541
Mission and Program Overview

Mission

Collegedale tomorrow is dedicated to ensuring collegedale future will be as rich in meaning and spirit as its past. The corporation will, in pursuit of this mission, foster and institute community preservation projects, develop or arrange the development of parks and greenways, arrange for the refurbishment, development or preservation of town commons and markets (collectively, the "community projects"), and otherwise manage such community projects and engage in community enhancement and support functions and all related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$174,325$3,034,023▲ $2,859,698
Land, Buildings, and Equipment, Net$139,511$1,436,962▲ $1,297,451
Cash and Non-Interest-Bearing Accounts$30,053$491,059▲ $461,006
Accounts Receivable-$35,661-
Total Assets$343,889$4,997,705▲ $4,653,816
Liabilities
Accounts Payable and Accrued Expenses$2,019$483,529▲ $481,510
Total Liabilities$2,019$483,529▲ $481,510
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$2,876,779-
Unrestricted Net Assets$341,870$1,637,397▲ $1,295,527
Total Net Assets Fund Balance$341,870$4,514,176▲ $4,172,306
Total Liabilities and Net Assets / Fund Balance$343,889$4,997,705▲ $4,653,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,414,425$1,566$1,415,991
Other Land Buildings$10,537$3,557$14,094
Land$12,000-$12,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David BartoExecutive DiFT$95,300$95,300

Board Members and Trustees

NameTitle
Jill HoweChairman
Chris ThomasDirector
Greg VitalDirector
Jack McclartyDirector
Kevin WilsonDirector
Stefanie McelroyDirector
Ted RogersDirector
JAYME PLACE O'DONNELLSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$4,360,492
Program Service Revenue
$0
Investment Income
$1,049
Other Revenue
$0
All Other Contributions
$2,860,492
Change in Net Assets
$4,172,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,361,541
Total Revenue per Audited Statements
$4,361,541
Total Revenue per Form 990
$4,361,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,848
Other Expenses$86,387
Total Fundraising Expense$78,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$31,767$31,767$31,766$95,300
Fees for Services Accounting-$28,715-$28,715
Payroll Taxes$2,516$2,516$2,516$7,548
Advertising--$5,629$5,629
Insurance-$4,742-$4,742
Depreciation Depletion$3,479--$3,479
All Other Expenses-$1,202-$1,202
Office Expenses-$751-$751
Other Expenses$1,545-$730$730
Total Functional Expenses$41,482$69,693$78,060$189,235

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$189,235
Total Expenses per Audited Statements$189,235
Total Expenses per Form 990$189,235
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
Audit committee
Yes
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, Page 6, Part VI, Line 7A

The board of directors has the ability to elect or appoint members of the governing body.

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

The form 990 is presented to the board's members for approval. If there are no additional comments to address from the full board, the form 990 is considered to be approved.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Collegedale Tomorrow Foundation Inc
EIN
46-3824536
Phone
4236643022
Address
PO BOX 1670, COLLEGEDALE, TN 37315-1670

Signing Officer

Name
David Barto
Title
Executive Director
Phone
4236643022
Signed
2017-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Barto
Formed
2013
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
10

Preparer

Firm
Carl E Shaw CPA Pllc
Address
220 3RD AVE W, HENDERSONVILLE, NC 28739
Preparer
Carl E Shaw
Phone
8286987725
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Collegedale tomorrow is dedicated to ensuring collegedale future will be as rich in meaning and spirit as its past. The corporation will, in pursuit of this mission, foster and institute community preservation projects, develop or arrange the development of parks and greenways, arrange for the refurbishment, development or preservation of town commons and markets (collectively, the "community projects"), and otherwise manage such community projects and engage in community enhancement and support functions and all related activities.

Form 990, Part XII

The foundation filed form 3115 to change its method of accounting from cash to accrual.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has implemented the accounting requirements associated with uncertainty in income taxes using the provisions of fasb asc 740. As of year-end, the foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the foundation had no interest and penalties related to income taxes. Tax years ended june 30, 2015 through june 30, 2017 are open for examination by taxing authorities.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS IMPLEMENTED THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740. AS OF YEAR-END, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. TAX YEARS ENDED JUNE 30, 2015 THROUGH JUNE 30, 2017 ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COLLEGEDALE TOMORROW IS DEDICATED TO ENSURING COLLEGEDALE FUTURE WILL BE AS RICH IN MEANING AND SPIRIT AS ITS PAST. THE CORPORATION WILL, IN PURSUIT OF THIS MISSION, FOSTER AND INSTITUTE COMMUNITY PRESERVATION PROJECTS, DEVELOP OR ARRANGE THE DEVELOPMENT OF PARKS AND GREENWAYS, ARRANGE FOR THE REFURBISHMENT, DEVELOPMENT OR PRESERVATION OF TOWN COMMONS AND MARKETS (COLLECTIVELY, THE "COMMUNITY PROJECTS"), AND OTHERWISE MANAGE SUCH COMMUNITY PROJECTS AND ENGAGE IN COMMUNITY ENHANCEMENT AND SUPPORT FUNCTIONS AND ALL RELATED ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS THE ABILITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PRESENTED TO THE BOARD'S MEMBERS FOR APPROVAL. IF THERE ARE NO ADDITIONAL COMMENTS TO ADDRESS FROM THE FULL BOARD, THE FORM 990 IS CONSIDERED TO BE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION FILED FORM 3115 TO CHANGE ITS METHOD OF ACCOUNTING FROM CASH TO ACCRUAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII
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IRS990/WebsiteAddressTxt0HTTPS://COLLEGEDALE.FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BARTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04236643022
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGEDALE TOMORROW FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0463824536
ReturnHeader/Filer/PhoneNum04236643022
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C1278F0A6E666D808E79A27DB10AC47E2EAB9528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARL E SHAW CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 3RD AVE W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028739
ReturnHeader/PreparerPersonGrp/PhoneNum08286987725
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL E SHAW
ReturnHeader/ReturnTs02018-02-07T09:58:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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