Civic Intelligence

Frank Norris Foundation Timbermart South

990 • Fiscal year 2019 • EIN 59-3338621

Jul 01, 2018 to Jun 30, 2019 • Filed on May 26, 2020

1860 Barnett Shoals Rd Pmb 103-598Athens, GA 30605

(706) 247-7660

Siviq Scores

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

Liabilities / Assets

68th percentile

0.14x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.15x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

48th percentile

2.8%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$87,013

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.9%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$597,397

Up $57,743 (+11%) from 2018

Net Assets

Up

$513,581

Up $16,193 (+3.3%) from 2018

Liabilities

Up

$83,816

Up $41,550 (+98%) from 2018

Revenue

Down

$573,078

Down $5,093 (-0.9%) from 2018

Expenses

Up

$556,885

Up $59,412 (+12%) from 2018

Net Income

Down

$16,193

Down $64,505 (-80%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $296,357Liabilities 2011: $41,108Net Assets 2011: $255,2492011Assets 2012: $301,143Liabilities 2012: $35,523Net Assets 2012: $265,6202012Assets 2013: $349,790Liabilities 2013: $39,820Net Assets 2013: $309,9702013Assets 2014: $439,948Liabilities 2014: $67,314Net Assets 2014: $372,6342014Assets 2015: $448,566Liabilities 2015: $49,145Net Assets 2015: $399,4212015Assets 2016: $492,563Liabilities 2016: $56,035Net Assets 2016: $436,5282016Assets 2017: $467,908Liabilities 2017: $51,218Net Assets 2017: $416,6902017Assets 2018: $539,654Liabilities 2018: $42,266Net Assets 2018: $497,3882018Assets 2019: $597,397Liabilities 2019: $83,816Net Assets 2019: $513,5812019Assets 2020: $607,547Liabilities 2020: $66,599Net Assets 2020: $540,9482020Assets 2021: $731,285Liabilities 2021: $45,386Net Assets 2021: $685,8992021Assets 2022: $900,571Liabilities 2022: $41,398Net Assets 2022: $859,1732022Assets 2023: $1,160,198Liabilities 2023: $52,696Net Assets 2023: $1,107,5022023Assets 2024: $1,294,372Liabilities 2024: $28,630Net Assets 2024: $1,265,7422024Assets 2025: $1,453,635Liabilities 2025: $5,104Net Assets 2025: $1,448,5312025

Highlighted filing

2019

Assets$597,397
Liabilities$83,816
Net Assets$513,581

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $356,386Expenses 2011: $335,267Net Income 2011: $21,1192011Expenses 2012: $325,4032012Expenses 2013: $326,8012013Revenue 2014: $382,893Expenses 2014: $320,229Net Income 2014: $62,6642014Revenue 2015: $401,713Expenses 2015: $374,926Net Income 2015: $26,7872015Revenue 2016: $558,095Expenses 2016: $512,613Net Income 2016: $45,4822016Revenue 2017: $570,981Expenses 2017: $590,819Net Income 2017: -$19,8382017Revenue 2018: $578,171Expenses 2018: $497,473Net Income 2018: $80,6982018Revenue 2019: $573,078Expenses 2019: $556,885Net Income 2019: $16,1932019Revenue 2020: $595,904Expenses 2020: $568,537Net Income 2020: $27,3672020Revenue 2021: $638,161Expenses 2021: $493,210Net Income 2021: $144,9512021Revenue 2022: $728,059Expenses 2022: $483,078Net Income 2022: $244,9812022Revenue 2023: $749,165Expenses 2023: $528,012Net Income 2023: $221,1532023Revenue 2024: $756,823Expenses 2024: $649,017Net Income 2024: $107,8062024Revenue 2025: $766,748Expenses 2025: $629,739Net Income 2025: $137,0092025

Highlighted filing

2019

Revenue$573,078
Expenses$556,885
Net Income$16,193
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 26, 2020
Return Version
2018v3.1
Gross Receipts
$573,078
Mission and Program Overview

Mission

Research and forestry data

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$495,416$323,913▼ $171,503
Cash and Non-Interest-Bearing Accounts$10,578$41,949▲ $31,371
Accounts Receivable$33,660$21,977▼ $11,683
Land, Buildings, and Equipment, Net-$9,558-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$539,654$597,397▲ $57,743
Other Assets Total-$200,000-
Liabilities
Accounts Payable and Accrued Expenses$40,839$53,153▲ $12,314
Other Liabilities$1,427$30,663▲ $29,236
Total Liabilities$42,266$83,816▲ $41,550
Net Assets / Fund Balance
Unrestricted Net Assets$497,388$513,581▲ $16,193
Total Net Assets Fund Balance$497,388$513,581▲ $16,193
Total Liabilities and Net Assets / Fund Balance$539,654$597,397▲ $57,743

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,558$1,912$11,470
Other Assets Org$200,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan SmithExecutive DirectorFT$87,013$87,013
Cathy LawSecretaryFT$60,401$60,401

Board Members and Trustees

NameTitle
Marshall ThomasChairman
Chet SummersDirector
David BranchDirector
Ed SweetenDirector
Jay WatrousDirector
Kevin GallagherDirector
Mark WatermanDirector
Michele CurtisDirector
Scott JonesDirector
Travis MccoyDirector
Whit HillDirector
Dale GreenEx-Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$561,044
Investment Income
$1,527
Other Revenue
$10,507
Change in Net Assets
$16,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,723
Salaries, Compensation, and Employee Benefits$164,162
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$252,042$629-$252,671
Current Officers, Directors, Trustees, and Key Employees$147,414--$147,414
Advertising$21,171--$21,171
Occupancy$21,048--$21,048
All Other Expenses$18,292$1,420-$19,712
Other Salaries and Wages$11,000--$11,000
Travel$10,408--$10,408
Grants to Domestic Orgs$10,000--$10,000
Other Expenses$7,676$1,830-$7,676
Insurance-$6,408-$6,408
Payroll Taxes$5,748--$5,748
Fees for Services Accounting-$4,470-$4,470
Depreciation Depletion$1,912--$1,912
Total Functional Expenses$542,128$14,757$0$556,885
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of GeorgiaAthens, GA--$10,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$29,516
Payroll Liabilities$1,094
Sales Tax Payable$53
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The preparer emails the return to the president, the secretary, three directors and the foundation's contracted bookkeeper for review. Once they have reviewed the 990 and any corrections are made, then copies of the final return are e-mailed to all directors before the return is filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to public.

Filing and Contact Details

Filer

Filer Name
Frank Norris Foundation
EIN
59-3338621
Phone
7062477660
Address
1860 BARNETT SHOALS RD PMB 103-598, ATHENS, GA 30605

Signing Officer

Name
Jonathan Smith
Title
Executive Director
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Smith
Formed
1995
Legal Domicile
De
Voting Board Members
14
Independent Board Members
14
Employees
2

Preparer

Firm
Turner and Patat Pc
Address
1165-A CEDAR SHOALS DR, ATHENS, GA 30605-3592
Preparer
Karmen D Copeland
Phone
7063541212
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.45$0.01$1.45$0.77$0.63$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.03$1.27$0.76$0.65$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.05$1.11$0.75$0.53$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$0.73$0.48$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.05$0.69$0.64$0.49$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.07$0.54$0.60$0.57$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.08$0.51$0.57$0.56$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.04$0.50$0.58$0.50$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.05$0.42$0.57$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.06$0.44$0.56$0.51$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$0.40$0.37$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.07$0.37$0.38$0.32$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.04$0.31$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.04$0.27$0.33
2011Summary only. Only limited summary data is available for this year.$0.30$0.04$0.26$0.36$0.34$0.02