Civic Intelligence

Chs Endowment Foundation Inc.

990 • Fiscal year 2022 • EIN 58-2118419

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 28, 2023

PO Box 1306Dalton, GA 30722-1306

(706) 277-1198

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-54%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,837,979

Down $737,721 (-11%) from 2021

Net Assets

Down

$5,837,979

Down $737,721 (-11%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$1,076,833

Down $1,263,474 (-54%) from 2021

Expenses

Down

$321,865

Down $3,233 (-1.0%) from 2021

Net Income

Down

$754,968

Down $1,260,241 (-63%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $2,442,738Liabilities 2012: $0Net Assets 2012: $2,442,7382012Assets 2013: $3,399,607Liabilities 2013: $0Net Assets 2013: $3,399,6072013Assets 2014: $2,881,270Liabilities 2014: $0Net Assets 2014: $2,881,2702014Assets 2015: $2,732,910Liabilities 2015: $0Net Assets 2015: $2,732,9102015Assets 2016: $3,479,736Liabilities 2016: $0Net Assets 2016: $3,479,7362016Assets 2017: $3,741,464Liabilities 2017: $78Net Assets 2017: $3,741,3862017Assets 2018: $3,728,783Liabilities 2018: $0Net Assets 2018: $3,728,7832018Assets 2019: $3,670,338Liabilities 2019: $0Net Assets 2019: $3,670,3382019Assets 2020: $3,937,492Liabilities 2020: $0Net Assets 2020: $3,937,4922020Assets 2021: $6,575,700Liabilities 2021: $0Net Assets 2021: $6,575,7002021Assets 2022: $5,837,979Liabilities 2022: $0Net Assets 2022: $5,837,9792022Assets 2023: $6,785,038Liabilities 2023: $300,337Net Assets 2023: $6,484,7012023Assets 2024: $7,845,111Liabilities 2024: $99,736Net Assets 2024: $7,745,3752024Assets 2025: $8,251,005Liabilities 2025: $99,807Net Assets 2025: $8,151,1982025

Highlighted filing

2022

Assets$5,837,979
Liabilities$0
Net Assets$5,837,979

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $128,6722012Revenue 2013: $1,005,067Expenses 2013: $138,860Net Income 2013: $866,2072013Revenue 2014: $2,536,373Expenses 2014: $3,303,141Net Income 2014: -$766,7682014Revenue 2015: $1,203,632Expenses 2015: $1,124,297Net Income 2015: $79,3352015Revenue 2016: $2,345,354Expenses 2016: $1,598,528Net Income 2016: $746,8262016Revenue 2017: $1,538,361Expenses 2017: $1,576,523Net Income 2017: -$38,1622017Revenue 2018: $1,810,462Expenses 2018: $1,889,605Net Income 2018: -$79,1432018Revenue 2019: $185,420Expenses 2019: $289,193Net Income 2019: -$103,7732019Revenue 2020: $305,231Expenses 2020: $104,663Net Income 2020: $200,5682020Revenue 2021: $2,340,307Expenses 2021: $325,098Net Income 2021: $2,015,2092021Revenue 2022: $1,076,833Expenses 2022: $321,865Net Income 2022: $754,9682022Revenue 2023: $605,099Expenses 2023: $355,677Net Income 2023: $249,4222023Revenue 2024: $2,058,348Expenses 2024: $1,213,249Net Income 2024: $845,0992024Revenue 2025: $618,230Expenses 2025: $488,156Net Income 2025: $130,0742025

Highlighted filing

2022

Revenue$1,076,833
Expenses$321,865
Net Income$754,968
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.2
Gross Receipts
$4,982,560
Mission and Program Overview

Mission

Assist private schools engaged in primary and secondary christian education or instruction in the arts and sciences.

SEE FORM 990 PART III

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,553,826$5,816,260▼ $737,566
Savings and Temporary Cash Investments$21,874$21,719▼ $155
Total Assets$6,575,700$5,837,979▼ $737,721
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,710,131$5,247,373▼ $462,758
Net Assets Without Donor Restrictions$865,569$590,606▼ $274,963
Total Net Assets Fund Balance$6,575,700$5,837,979▼ $737,721
Total Liabilities and Net Assets / Fund Balance$6,575,700$5,837,979▼ $737,721

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$6,575,700$698,416▼ $1,114,270$251,458$5,837,981
2020$3,937,492$2,012,181▲ $951,125$260,002$6,575,700
2019$3,670,338$174,100▲ $197,717$34,367$3,937,492
2018$3,728,783$53,850▲ $176,898$210,403$3,670,338
2017$3,741,386$1,859,898▲ $17,102$1,799,630$3,728,783
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim JollyChairman
Bart HillBoard of Directors
Bert WattsBoard of Directors
Carl Griggs JrBoard of Directors
Herman DavisBoard of Directors
Jules CrawfordBoard of Directors
Kenneth WhiteBoard of Directors
Kent HarrisonBoard of Directors
Ron BennettBoard of Directors
Steve HerndonBoard of Directors
Tony FarrellBoard of Directors
Chris SimuroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$698,416
Program Service Revenue
$0
Investment Income
$378,417
Other Revenue
$0
All Other Contributions
$698,416
Change in Net Assets
$754,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,776
Revenue Not Reported on Financial Statements
$44,057
Revenue Not Reported on Form 990
$-1,492,687
Total Revenue per Audited Statements
$-459,911
Total Revenue per Form 990
$1,076,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,865
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 Service Investment Mgmnt Fees-$44,057-$44,057
Fees for Services Management$20,000--$20,000
Fees for Services Accounting$6,350--$6,350
Other Expenses$3,293--$3,293
Total Functional Expenses$277,808$44,057$0$321,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$321,865
Expenses per Audited Statements$277,808
Total Expenses per Audited Statements$277,808
Expenses Not Reported on Financial Statements$44,057
Expenses Not Reported on Form 990$0
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the cfo / business manager.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Chs Endowment Foundation Inc
EIN
58-2118419
Phone
7062771198
Address
PO BOX 1306, DALTON, GA 30722-1306

Signing Officer

Name
Holly Roberts
Title
Business Manager
Phone
7062771198
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Jolly
Formed
1994
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Nichols Cauley & Associates LLC
Address
PO BOX 2644, DALTON, GA 30722
Preparer
Mark Krueger
Phone
7062782834
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -2.

FORM 990, PART XII, LINE 2C:

No change in process from prior year

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowment funds is to produce investment income, while keeping the corpus intact, to provide support to christian heritage school.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581646772
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0248165
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CHRISTIAN HERITAGE SCHOOL INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0248165
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.10120
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt070407
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06575700
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0698416
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05837981
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1114270
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0251458
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt065096
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03937492
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02012181
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06575700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0951125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0260002
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt070296
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03670338
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0174100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03937492
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0197717
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt034367
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt078790
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03728783
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt053850
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03670338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0176898
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0210403
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt089973
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03741386
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01859898
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03728783
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017102
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01799630
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt044057
IRS990ScheduleD/ExpensesSubtotalAmt0277808
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt044057
IRS990ScheduleD/InvestmentExpensesNotIncldAmt044057
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1492687
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.89880
IRS990ScheduleD/RevenueNotReportedAmt0-1492687
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt044057
IRS990ScheduleD/RevenueSubtotalAmt01032776
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PRODUCE INVESTMENT INCOME, WHILE KEEPING THE CORPUS INTACT, TO PROVIDE SUPPORT TO CHRISTIAN HERITAGE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0321865
IRS990ScheduleD/TotalRevenuePerForm990Amt01076833
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-459911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0277808
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE CFO / BUSINESS MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN PROCESS FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06575700
IRS990/TotalAssetsEOYAmt05837979
IRS990/TotalAssetsGrp/BOYAmt06575700
IRS990/TotalAssetsGrp/EOYAmt05837979
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0698416
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044057
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0277808
IRS990/TotalFunctionalExpensesGrp/TotalAmt0321865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06575700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05837979
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0277808
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0378417
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01076833
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06575700
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05837979
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1306
IRS990/USAddress/CityNm0DALTON
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd0307221306
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.25$0.10$8.15$0.62$0.49$0.13
2024Summary only. Only limited summary data is available for this year.$7.85$0.10$7.75$2.06$1.21$0.85
2023Summary only. Only limited summary data is available for this year.$6.79$0.30$6.48$0.61$0.36$0.25
2022Detailed filing. Detailed filing data is available for this year.$5.84$0.00$5.84$1.08$0.32$0.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.58$0.00$6.58$2.34$0.33$2.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.94$0.31$0.10$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.00$3.67$0.19$0.29$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.00$3.73$1.81$1.89$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.00$3.74$1.54$1.58$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$2.35$1.60$0.75
2015Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$1.20$1.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$2.54$3.30$0.77
2013Summary only. Only limited summary data is available for this year.$3.40$0.00$3.40$1.01$0.14$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.00$2.44$0.13