Civic Intelligence

Highlands Foundation

990EZ • Fiscal year 2020 • EIN 47-4663108

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

One West First StreetCookeville, TN 38501-2593

(931) 526-2211

Siviq Scores

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

Liabilities / Assets

78th percentile

0.14x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

62nd percentile

14%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-41%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$39,955

Up $4,974 (+14%) from 2019

Net Assets

Up

$34,251

Up $11,670 (+52%) from 2019

Liabilities

Down

$5,704

Down $6,696 (-54%) from 2019

Revenue

Down

$72,673

Down $49,746 (-41%) from 2019

Expenses

Down

$61,001

Down $107,574 (-64%) from 2019

Net Income

Up

$11,672

Up $57,828 (+125%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $126,374Liabilities 2017: $67,594Net Assets 2017: $58,7802017Assets 2018: $71,891Liabilities 2018: $3,154Net Assets 2018: $68,7372018Assets 2019: $34,981Liabilities 2019: $12,400Net Assets 2019: $22,5812019Assets 2020: $39,955Liabilities 2020: $5,704Net Assets 2020: $34,2512020Assets 2021: $77,021Liabilities 2021: $7,044Net Assets 2021: $69,9772021Assets 2022: $173,785Liabilities 2022: $55,403Net Assets 2022: $118,3822022Assets 2023: $203,995Liabilities 2023: $10,615Net Assets 2023: $193,3802023

Highlighted filing

2020

Assets$39,955
Liabilities$5,704
Net Assets$34,251

Operations Trend

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

$200K$100K$0-$100KRevenue 2017: $119,357Expenses 2017: $80,077Net Income 2017: $39,2802017Revenue 2018: $152,069Expenses 2018: $142,112Net Income 2018: $9,9572018Revenue 2019: $122,419Expenses 2019: $168,575Net Income 2019: -$46,1562019Revenue 2020: $72,673Expenses 2020: $61,001Net Income 2020: $11,6722020Revenue 2021: $76,953Expenses 2021: $41,227Net Income 2021: $35,7262021Revenue 2022: $146,111Expenses 2022: $97,705Net Income 2022: $48,4062022Revenue 2023: $93,477Expenses 2023: $18,479Net Income 2023: $74,9982023

Highlighted filing

2020

Revenue$72,673
Expenses$61,001
Net Income$11,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.0
Gross Receipts
$72,673
Mission and Program Overview

Mission

Our mission is to serve and provide leadership to our region in developing and maintaining an economic climate that creates and retains jobs and enhances the quality of life for citizens. The partnership seeks to provide a 21st century workforce through employer aligned curricula and programs that lead to a highly trained and skilled workforce. Programs are accomplished through strong partnerships with k-12 education, post-secondary education, business and industry, chambers of commerce and local city and south governments. Our vision is to be an advocate for lifelong education and a catalyst to the region in providing an excellent 21st century workforce that meets the needs or exceeds the requirements of present and future employers.

Our mission is to serve and provide leadership to our region in developing and maintaining an economic climate that creates and retains jobs and enhances the quality of life for citizens. The partnership seeks to provide a 21st century workforce through employer aligned curricula and programs that lead to a highly trained and skilled workforce. Programs are accomplished through strong partnerships with k-12 education, post- secondary education, business and industry, chambers of commerce and local city and county governments. Our vision is to be an advocate for lifelong education and a catalyst to the region in providing an excellent 21st century workforce that meets the needs or exceeds the requirements of present and future employers.

Program Services

DescriptionGrantsExpenses
THE PAID INTERNSHIP PROGRAM ALLOWS SELECT HIGH SCHOOL STUDENTS (SENIORS AND SOME JUNIORS)TO GAIN HANDS-ON EXPERIENCE IN VARIOUS CAREER SECTORS, TEACHES THEN A TRADE OR SKILL(S), AND PROVIDES AN INVALUABLE LEARNING EXPERIENCE, THEREBY PUTTING STUDENTS ON A PATH TO SUCCESS IN LIFE AFTER HIGH SCHOOL. THE MAIN PURPOSE IS TO INTRODUCE THE STUDENTS TO A FUTURE CAREER ALIGNED WITH THEIR SKILLS AND INTERESTS AND ONE THAT MEETS THE FUTURE EMPLOYMENT NEEDS OF THE COMPANY.-$30,728
HIGHLANDS WORKFORCE DEVELOPMENT AND EDUCATION INITIATIVES ARE EXPANSIVE, REACHING STUDENTS IN MIDDLE SCHOOL THROUGH POST SECONDARY EDUCATION AND INTO THE WORKFORCE. PROCESSES ARE IN PLACE TO INFORM HIGHLANDS' COMMUNITIES OF THE WORK BEING DONE TO SUPPORT RIGOR AND QUALITY IN CAREER PATHWAYS FOR ALL STUDENTS, CREATE SCALED PATHWAYS THAT CULMINATE IN CREDENTIALS, ENCOURAGE CROSS-INSTITUTIONAL ALIGNMENT BETWEEN K-12 AND POST SECONDARY EDUCATION PARTNERS AND ENGAGE AREA EMPLOYERS.-$22,044
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DON VIARBoard Chairm-$0--
MIKE PORTENBoard Vice C-$0--
NELSON FORRESTERBoard Treasu-$0--
BILL CURRANDirector-$0--
MARK ODOMDirector-$0--
WAYNE CRAVENSDirector-$0--
LYNNE MATTHEWSFoundation S-$0--
AMY NEWFoundation P-$0--
Filing and Contact Details

Filer

Filer Name
Highlands Foundation
EIN
47-4663108
Phone
9315262211
Address
ONE WEST FIRST STREET, COOKEVILLE, TN 38501-2593

Signing Officer

Name
Amy New
Title
Foundation President
Phone
9315262211
Signed
2021-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Tamara L Beckman CPA
Address
103 N 3RD ST, SMITHVILLE, TN 37166
Preparer
Tamara L Beckman CPA
Phone
6153181821
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office & printing expense 406 1,309 contrib to employers 30,728 dues, subscriptions & fee 2,420 total 34,863

Form 990-ez, Part II, Line 24

Accounts receivable 9,067 0 prepaid expenses and deferred charges 79 21 total 9,146 21

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 20,967 5,302 deferred revenue 0 402

Form 990-ez, Part III

Our mission is to serve and provide leadership to our region in developing and maintaining an economic climate that creates and retains jobs and enhances the quality of life for citizens. The partnership seeks to provide a 21st century workforce through employer aligned curricula and programs that lead to a highly trained and skilled workforce. Programs are accomplished through strong partnerships with k-12 education, post- secondary education, business and industry, chambers of commerce and local city and county governments. Our vision is to be an advocate for lifelong education and a catalyst to the region in providing an excellent 21st century workforce that meets the needs or exceeds the requirements of present and future employers.

Form 990-ez, Part III, Line 28

Highlands workforce development and education initiatives are expansive, reaching students in middle school through post secondary education and into the workforce. Processes are in place to inform highlands' communities of the work being done to support rigor and quality in career pathways for all students, create scaled pathways that culminate in credentials, encourage cross-institutional alignment between k-12 and post secondary education partners and engage area employers.

Form 990-ez, Part III, Line 29

The paid internship program allows select high school students (seniors and some juniors)to gain hands-on experience in various career sectors, teaches then a trade or skill(s), and provides an invaluable learning experience, thereby putting students on a path to success in life after high school. The main purpose is to introduce the students to a future career aligned with their skills and interests and one that meets the future employment needs of the company.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE PAID INTERNSHIP PROGRAM ALLOWS SELECT HIGH SCHOOL STUDENTS (SENIORS AND SOME JUNIORS)TO GAIN HANDS-ON EXPERIENCE IN VARIOUS CAREER SECTORS, TEACHES THEN A TRADE OR SKILL(S), AND PROVIDES AN INVALUABLE LEARNING EXPERIENCE, THEREBY PUTTING STUDENTS ON A PATH TO SUCCESS IN LIFE AFTER HIGH SCHOOL. THE MAIN PURPOSE IS TO INTRODUCE THE STUDENTS TO A FUTURE CAREER ALIGNED WITH THEIR SKILLS AND INTERESTS AND ONE THAT MEETS THE FUTURE EMPLOYMENT NEEDS OF THE COMPANY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE & PRINTING EXPENSE 406 1,309 CONTRIB TO EMPLOYERS 30,728 DUES, SUBSCRIPTIONS & FEE 2,420 TOTAL 34,863
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 9,067 0 PREPAID EXPENSES AND DEFERRED CHARGES 79 21 TOTAL 9,146 21
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 20,967 5,302 DEFERRED REVENUE 0 402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUR MISSION IS TO SERVE AND PROVIDE LEADERSHIP TO OUR REGION IN DEVELOPING AND MAINTAINING AN ECONOMIC CLIMATE THAT CREATES AND RETAINS JOBS AND ENHANCES THE QUALITY OF LIFE FOR CITIZENS. THE PARTNERSHIP SEEKS TO PROVIDE A 21ST CENTURY WORKFORCE THROUGH EMPLOYER ALIGNED CURRICULA AND PROGRAMS THAT LEAD TO A HIGHLY TRAINED AND SKILLED WORKFORCE. PROGRAMS ARE ACCOMPLISHED THROUGH STRONG PARTNERSHIPS WITH K-12 EDUCATION, POST- SECONDARY EDUCATION, BUSINESS AND INDUSTRY, CHAMBERS OF COMMERCE AND LOCAL CITY AND COUNTY GOVERNMENTS. OUR VISION IS TO BE AN ADVOCATE FOR LIFELONG EDUCATION AND A CATALYST TO THE REGION IN PROVIDING AN EXCELLENT 21ST CENTURY WORKFORCE THAT MEETS THE NEEDS OR EXCEEDS THE REQUIREMENTS OF PRESENT AND FUTURE EMPLOYERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HIGHLANDS WORKFORCE DEVELOPMENT AND EDUCATION INITIATIVES ARE EXPANSIVE, REACHING STUDENTS IN MIDDLE SCHOOL THROUGH POST SECONDARY EDUCATION AND INTO THE WORKFORCE. PROCESSES ARE IN PLACE TO INFORM HIGHLANDS' COMMUNITIES OF THE WORK BEING DONE TO SUPPORT RIGOR AND QUALITY IN CAREER PATHWAYS FOR ALL STUDENTS, CREATE SCALED PATHWAYS THAT CULMINATE IN CREDENTIALS, ENCOURAGE CROSS-INSTITUTIONAL ALIGNMENT BETWEEN K-12 AND POST SECONDARY EDUCATION PARTNERS AND ENGAGE AREA EMPLOYERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PAID INTERNSHIP PROGRAM ALLOWS SELECT HIGH SCHOOL STUDENTS (SENIORS AND SOME JUNIORS)TO GAIN HANDS-ON EXPERIENCE IN VARIOUS CAREER SECTORS, TEACHES THEN A TRADE OR SKILL(S), AND PROVIDES AN INVALUABLE LEARNING EXPERIENCE, THEREBY PUTTING STUDENTS ON A PATH TO SUCCESS IN LIFE AFTER HIGH SCHOOL. THE MAIN PURPOSE IS TO INTRODUCE THE STUDENTS TO A FUTURE CAREER ALIGNED WITH THEIR SKILLS AND INTERESTS AND ONE THAT MEETS THE FUTURE EMPLOYMENT NEEDS OF THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09315262211
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-14
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THE HIGHLANDS FOUNDATION
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ReturnHeader/ReturnTs02021-11-14T21:44:19-06:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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