Civic Intelligence

Collegedale Tomorrow Foundation Inc.

990 • Fiscal year 2019 • EIN 46-3824536

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 20, 2020

Organization ProfileCOLLEGEDALE.FOUNDATION
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

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-1242%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$84,510

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 35.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

3rd percentile

-92%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-90%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$297,744

Down $3,502,731 (-92%) from 2018

Net Assets

Down

$283,841

Down $2,988,753 (-91%) from 2018

Liabilities

Down

$13,903

Down $513,978 (-97%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin1st percentile

Revenue

Down

$240,578

Down $2,195,924 (-90%) from 2018

Expenses

Down

$3,229,331

Down $448,753 (-12%) from 2018

Net Income

Down

-$2,988,753

Down $1,747,171 (-141%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

2019

Assets$297,744
Liabilities$13,903
Net Assets$283,841
Open 2019 Filing

Operations Trend

Revenue Growth3rd percentile

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

2019

Revenue$240,578
Expenses$3,229,331
Net Income-$2,988,753
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 20, 2020
Return Version
2018v3.2
Gross Receipts
$240,578
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
Land, Buildings, and Equipment, Net$1,625,886$128,874▼ $1,497,012
Cash and Non-Interest-Bearing Accounts$86,005$100,140▲ $14,135
Savings and Temporary Cash Investments$2,022,673$65,230▼ $1,957,443
Accounts Receivable$63,811--
Total Assets$3,800,475$297,744▼ $3,502,731
Other Assets Total$2,100$3,500▲ $1,400
Liabilities
Accounts Payable and Accrued Expenses$527,881$13,903▼ $513,978
Total Liabilities$527,881$13,903▼ $513,978
Net Assets / Fund Balance
Unrestricted Net Assets$1,706,770$274,841▼ $1,431,929
Temporarily Rstr Net Assets$1,565,824$9,000▼ $1,556,824
Total Net Assets Fund Balance$3,272,594$283,841▼ $2,988,753
Total Liabilities and Net Assets / Fund Balance$3,800,475$297,744▼ $3,502,731

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$108,691$31,786$140,477
Land$12,000-$12,000
Buildings$8,183$382$8,565
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
David BartoExecutive DiFT$84,510$84,510

Board Members and Trustees

NameTitle
JAYME PLACE O'DONNELLChairwoman
Chris ThomasDirector
Greg VitalDirector
Jack McclartyDirector
Jill HoweDirector
Stefanie McelroyDirector
Ted RogersDirector
Kevin WilsonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$227,302
Program Service Revenue
$10,965
Investment Income
$2,311
Other Revenue
$0
All Other Contributions
$218,302
Change in Net Assets
$-2,988,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,578
Total Revenue per Audited Statements
$240,578
Total Revenue per Form 990
$240,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,839,212
Other Expenses$267,452
Salaries, Compensation, and Employee Benefits$122,667
Total Fundraising Expense$50,005
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,839,212--$2,839,212
Current Officers, Directors, Trustees, and Key Employees$27,180$34,569$34,569$96,318
Fees for Services Accounting-$38,112-$38,112
Advertising$27,888-$2,508$30,396
Occupancy$28,162--$28,162
Depreciation Depletion$18,337--$18,337
Other Salaries and Wages$17,563--$17,563
Other Expenses$18,507-$12,928$12,928
All Other Expenses$8,422$465-$8,887
Payroll Taxes$8,786--$8,786
Insurance-$6,042-$6,042
Office Expenses-$437-$437
Total Functional Expenses$3,099,701$79,625$50,005$3,229,331

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,229,331
Total Expenses per Audited Statements$3,229,331
Total Expenses per Form 990$3,229,331
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of CollegedaleCollegedale, TN-Phase 2 Constructio-
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
2020-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Barto
Formed
2013
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
8
Employees
7
Volunteers
10

Preparer

Firm
Carl E Shaw CPA Pllc
Address
220 3RD AVE W, HENDERSONVILLE, NC 28739
Preparer
Carl E Shaw CPA
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 iv, page 3, line 21 - collegedale tomorrow foundation, in accordance with its mission statement, transferred ownership of phase 2 construction to the city of collegedale.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation has been recognized as tax-exempt pursuant to section 501 (c)(3) of the internal revenue code. Contributions to the foundation qualify for the charitable contribution deduction under section 170(b)(1) (a). The foundation has been classified as a publicly supported organization under section 509(a)(2). While the foundation is exempt from income tax under internal revenue code 501(c)(3), it would be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Additionally, the foundation had no interest and penalties related to income taxes. Tax years ended june 30, 2017 through june 30, 2019 are open for examination by taxing authorities.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1) (A). THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(2). WHILE THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE 501(C)(3), IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. TAX YEARS ENDED JUNE 30, 2017 THROUGH JUNE 30, 2019 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/ExplanationTxt1PART IV, PAGE 3, LINE 21 - COLLEGEDALE TOMORROW FOUNDATION, IN ACCORDANCE WITH ITS MISSION STATEMENT, TRANSFERRED OWNERSHIP OF PHASE 2 CONSTRUCTION TO THE CITY OF COLLEGEDALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS HAS THE ABILITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,744
Liabilities
$13,903
Net assets
$283,841
Revenue
$240,578
Expenses
$3,229,331
Net income
-$2,988,753
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.03$0.19$0.61$0.75$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.64$0.45$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.50$1.86$1.36
2021Detailed filing. Detailed filing data is available for this year.$1.82$0.31$1.51$0.70$0.31$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.03$1.13$1.43$0.59$0.84
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.28$0.24$3.23$2.99
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.53$3.27$2.44$3.68$1.24
2017Detailed filing. Detailed filing data is available for this year.$5.00$0.48$4.51$4.36$0.19$4.17
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.45$0.20$0.25
2015Summary only. Only limited summary data is available for this year.$0.10$0.00$0.14$0.07$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.05$0.03$0.02