Civic Intelligence

Mcps Real Properties Inc

990 • Fiscal year 2020 • EIN 47-1346772

Jul 01, 2019 to Jun 30, 2020 • Filed on May 26, 2021

109 Gardner TrailSalyersville, KY 41465

(606) 349-6117

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

133.82x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

29th percentile

0.6%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-1.0%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$20,497,979

Up $128,043 (+0.6%) from 2019

Net Assets

Up

$691,960

Up $128,043 (+23%) from 2019

Liabilities

Flat

$19,806,019

Flat from 2019

Revenue

Down

$148,008

Down $1,436 (-1.0%) from 2019

Expenses

Up

$19,965

Up $19,965 from 2019

Net Income

Down

$128,043

Down $21,401 (-14%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $21,496,307Liabilities 2015: $21,475,400Net Assets 2015: $20,9072015Assets 2016: $19,937,662Liabilities 2016: $19,819,938Net Assets 2016: $117,7242016Assets 2017: $20,555,025Liabilities 2017: $20,288,578Net Assets 2017: $266,4472017Assets 2018: $20,702,742Liabilities 2018: $20,288,578Net Assets 2018: $414,1642018Assets 2019: $20,369,936Liabilities 2019: $19,806,019Net Assets 2019: $563,9172019Assets 2020: $20,497,979Liabilities 2020: $19,806,019Net Assets 2020: $691,9602020Assets 2021: $20,590,831Liabilities 2021: $19,825,484Net Assets 2021: $765,3472021

Highlighted filing

2020

Assets$20,497,979
Liabilities$19,806,019
Net Assets$691,960

Operations Trend

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

$150K$100K$50K$0Revenue 2015: $20,907Expenses 2015: $0Net Income 2015: $20,9072015Revenue 2016: $96,817Expenses 2016: $0Net Income 2016: $96,8172016Revenue 2017: $148,723Expenses 2017: $0Net Income 2017: $148,7232017Revenue 2018: $147,717Expenses 2018: $0Net Income 2018: $147,7172018Revenue 2019: $149,444Expenses 2019: $0Net Income 2019: $149,4442019Revenue 2020: $148,008Expenses 2020: $19,965Net Income 2020: $128,0432020Revenue 2021: $73,402Expenses 2021: $15Net Income 2021: $73,3872021

Highlighted filing

2020

Revenue$148,008
Expenses$19,965
Net Income$128,043
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 26, 2021
Return Version
2019v5.0
Gross Receipts
$148,008
Mission and Program Overview

Mission

Collaborating with the magoffin county board of education to acquire, finance and develop public properties and projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$454,750$326,550▼ $128,200
Accounts Receivable$73,401$73,403▲ $2
Total Assets$20,369,936$20,497,979▲ $128,043
Other Assets Total$19,841,785$20,098,026▲ $256,241
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,400,000$19,400,000→ $0
Accounts Payable and Accrued Expenses$406,019$406,019→ $0
Total Liabilities$19,806,019$19,806,019→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$563,917$691,960▲ $128,043
Total Net Assets Fund Balance$563,917$691,960▲ $128,043
Total Liabilities and Net Assets / Fund Balance$20,369,936$20,497,979▲ $128,043

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$20,098,026--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$146,791
Investment Income
$1,217
Other Revenue
$0
Change in Net Assets
$128,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$148,008
Total Revenue per Audited Statements
$148,008
Total Revenue per Form 990
$148,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$19,950--$19,950
Fees for Services Other$15--$15
Total Functional Expenses$19,965$0$0$19,965

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,965
Total Expenses per Audited Statements$19,965
Total Expenses per Form 990$19,965
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
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Mcps Real Properties Inc
EIN
47-1346772
Address
109 GARDNER TRAIL, SALYERSVILLE, KY 41465

Signing Officer

Name
Kevin Owens
Title
Treasurer
Phone
6063496117
Signed
2021-05-26

Organization Details

Principal Officer
Kevin Owens
Formed
2014
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Cloyd & Associates Psc
Address
1700 FOREST DR, CORBIN, KY 40701-2316
Preparer
Wallace Smallwood CPA
Phone
6065288776
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Construction of the high school athletic complex and gymnasium.

Raw XML Appendix227 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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-05-26T15:22:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits