Civic Intelligence

Selcat Trust Fund

990 • Fiscal year 2020 • EIN 58-2359609

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 23, 2021

90 Newnan South Industrial DriveNewnan, GA 30263

(678) 423-1338

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

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

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

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

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

56th percentile

$190,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

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

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

80th percentile

23%

Faster revenue growth than 80% of similar nonprofits.

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

Assets

Flat

$16,156,639

Flat from 2020

Net Assets

Flat

$16,109,773

Flat from 2020

Liabilities

Flat

$46,866

Flat from 2020

Revenue

Flat

$5,400,727

Flat from 2020

Expenses

Flat

$2,211,939

Flat from 2020

Net Income

Flat

$3,188,788

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $1,517,526Liabilities 2010: $0Net Assets 2010: $1,517,5262010Assets 2011: $1,526,756Liabilities 2011: $56,001Net Assets 2011: $1,470,7552011Assets 2012: $1,765,645Liabilities 2012: $448Net Assets 2012: $1,765,1972012Assets 2013: $1,596,376Liabilities 2013: $22,940Net Assets 2013: $1,573,4362013Assets 2014: $1,631,983Liabilities 2014: $37,238Net Assets 2014: $1,594,7452014Assets 2015: $1,696,165Liabilities 2015: $24,213Net Assets 2015: $1,671,9522015Assets 2016: $2,723,982Liabilities 2016: $349,098Net Assets 2016: $2,374,8842016Assets 2017: $6,244,586Liabilities 2017: $338,376Net Assets 2017: $5,906,2102017Assets 2018: $10,017,540Liabilities 2018: $78,095Net Assets 2018: $9,939,4452018Assets 2019: $12,568,261Liabilities 2019: $28,384Net Assets 2019: $12,539,8772019Assets 2020: $16,156,639Liabilities 2020: $46,866Net Assets 2020: $16,109,7732020Assets 2020: $16,156,639Liabilities 2020: $46,866Net Assets 2020: $16,109,7732020Assets 2021: $21,316,004Liabilities 2021: $45,094Net Assets 2021: $21,270,9102021Assets 2022: $25,066,363Liabilities 2022: $61,500Net Assets 2022: $25,004,8632022Assets 2023: $28,780,079Liabilities 2023: $32,685Net Assets 2023: $28,747,3942023

Highlighted filing

2020

Assets$16,156,639
Liabilities$46,866
Net Assets$16,109,773

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,083,5082010Expenses 2011: $1,287,6692011Expenses 2012: $1,276,2152012Revenue 2013: $1,246,471Expenses 2013: $1,463,982Net Income 2013: -$217,5112013Revenue 2014: $1,381,798Expenses 2014: $1,384,347Net Income 2014: -$2,5492014Revenue 2015: $1,491,642Expenses 2015: $1,425,739Net Income 2015: $65,9032015Revenue 2016: $2,133,926Expenses 2016: $1,446,194Net Income 2016: $687,7322016Revenue 2017: $5,149,346Expenses 2017: $1,635,569Net Income 2017: $3,513,7772017Revenue 2018: $5,777,485Expenses 2018: $1,763,542Net Income 2018: $4,013,9432018Revenue 2019: $4,378,266Expenses 2019: $2,088,735Net Income 2019: $2,289,5312019Revenue 2020: $5,400,727Expenses 2020: $2,211,939Net Income 2020: $3,188,7882020Revenue 2020: $5,400,727Expenses 2020: $2,211,939Net Income 2020: $3,188,7882020Revenue 2021: $7,440,204Expenses 2021: $2,530,010Net Income 2021: $4,910,1942021Revenue 2022: $8,349,320Expenses 2022: $3,403,635Net Income 2022: $4,945,6852022Revenue 2023: $7,389,399Expenses 2023: $4,107,677Net Income 2023: $3,281,7222023

Highlighted filing

2020

Revenue$5,400,727
Expenses$2,211,939
Net Income$3,188,788
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 23, 2021
Return Version
2020v4.0
Gross Receipts
$5,400,727
Mission and Program Overview

Mission

Selcat program is focused on keeping the southeast outside electrical industry supplied with the necessary force of highly skilled and qualified workers with its earn-while-you-learn education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,315,630$9,394,688▲ $5,079,058
Cash and Non-Interest-Bearing Accounts$7,119,438$3,308,077▼ $3,811,361
Accounts Receivable$516,576$2,857,602▲ $2,341,026
Land, Buildings, and Equipment, Net$594,949$575,524▼ $19,425
Inventories for Sale or Use$21,666$20,748▼ $918
Total Assets$12,568,259$16,156,639▲ $3,588,380
Liabilities
Accounts Payable and Accrued Expenses$28,384$46,866▲ $18,482
Total Liabilities$28,384$46,866▲ $18,482
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,539,875$16,109,773▲ $3,569,898
Total Net Assets Fund Balance$12,539,875$16,109,773▲ $3,569,898
Total Liabilities and Net Assets / Fund Balance$12,568,259$16,156,639▲ $3,588,380

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$575,524$621,578$1,197,102
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danial HaddadDirectorFT$190,000$190,000

Board Members and Trustees

NameTitle
Bill HittTrustee
Brian ImsandTrustee
Jason DedonTrustee
Jim WhiteTrustee
Keith HowardTrustee
Rick SprengerTrustee
Rj RichardsTrustee
James BowenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,042,509
Investment Income
$174,718
Other Revenue
$183,500
Change in Net Assets
$3,188,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,400,727
Total Revenue per Audited Statements
$5,400,727
Total Revenue per Form 990
$5,400,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,212,052
Salaries, Compensation, and Employee Benefits$999,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$531,035$65,477-$596,512
Fees for Services Other$418,855--$418,855
Occupancy$195,439$23,152-$218,591
Insurance$40,000$152,268-$192,268
Current Officers, Directors, Trustees, and Key Employees$190,000--$190,000
Pension Plan Contributions$141,204$13,965-$155,169
Depreciation Depletion$134,382--$134,382
Payroll Taxes$52,967$5,239-$58,206
Conferences and Meetings$29,034$16,515-$45,549
Office Expenses$38,180$6,737-$44,917
Travel$26,158$3,252-$29,410
Fees for Services Accounting$5,799$19,291-$25,090
Fees for Services Management-$19,503-$19,503
All Other Expenses$9,966$7,522-$17,488
Fees for Services Legal$12,201--$12,201
Other Expenses$6,160$2,053-$8,213
Total Functional Expenses$1,850,023$361,916$0$2,211,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,211,939
Total Expenses per Audited Statements$2,211,939
Total Expenses per Form 990$2,211,939
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
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

REVIEW

Form 990, Page 6, Part VI, Line 15A

Board approves executive salaries

Form 990, Page 6, Part VI, Line 15B

Board approves all salaries

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Selcat Trust Fund
EIN
58-2359609
Phone
6784231338
Address
90 NEWNAN SOUTH INDUSTRIAL DRIVE, NEWNAN, GA 30263

Signing Officer

Name
James Bowen
Title
Secretary
Phone
6784231338
Signed
2021-02-23

Organization Details

Principal Officer
James Bowen
Voting Board Members
8
Independent Board Members
0
Employees
9

Preparer

Firm
Resj Pc
Address
132 OLD NORTON RD STE 102, FAYETTEVILLE, GA 30215
Preparer
Paul Smith
Phone
7707161650
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Course materials 232,151 0 0 training 186,704 0 0 total 418,855 0 0

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WRITTEN DOCUMENTS IN OUR NATIONAL APPRENTICESHIP STANDARD AVAILABLE UPON REQUEST
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WRITTEN DOCUMENTS IN OUR NATIONAL APPRENTICESHIP STANDARD AVAILABLE UPON REQUEST
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt09
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IRS990/TravelGrp/ProgramServicesAmt026158
IRS990/TravelGrp/TotalAmt029410
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$28.8$0.03$28.7$7.39$4.11$3.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$0.06$25.0$8.35$3.40$4.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$0.05$21.3$7.44$2.53$4.91
2020Detailed filing. Detailed filing data is available for this year.$16.2$0.05$16.1$5.40$2.21$3.19
2020Summary only. Only limited summary data is available for this year.$16.2$0.05$16.1$5.40$2.21$3.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$0.03$12.5$4.38$2.09$2.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$0.08$9.94$5.78$1.76$4.01
2017Summary only. Only limited summary data is available for this year.$6.24$0.34$5.91$5.15$1.64$3.51
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.35$2.37$2.13$1.45$0.69
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.02$1.67$1.49$1.43$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.04$1.59$1.38$1.38$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.57$1.25$1.46$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$1.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.06$1.47$1.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$1.08