Civic Intelligence

Lees College Inc.

990 • Fiscal year 2019 • EIN 61-0447250

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 29, 2020

Organization ProfileN/A
P O Box 640Jackson, KY 41339

(606) 487-3072

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

48th percentile

2.5%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$7,493,003

Up $182,746 (+2.5%) from 2018

Net Assets

Up

$7,493,003

Up $182,746 (+2.5%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin83rd percentile

Revenue

Down

$390,780

Down $165,749 (-30%) from 2018

Expenses

Up

$280,112

Up $76,798 (+38%) from 2018

Net Income

Down

$110,668

Down $242,547 (-69%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$10M$5.0M$0Assets 2011: $5,773,722Liabilities 2011: $2,744Net Assets 2011: $5,770,9782011Assets 2012: $5,636,355Liabilities 2012: $0Net Assets 2012: $5,636,3552012Assets 2013: $6,258,306Liabilities 2013: $110Net Assets 2013: $6,258,1962013Assets 2014: $7,175,933Liabilities 2014: $110Net Assets 2014: $7,175,8232014Assets 2015: $6,959,717Liabilities 2015: $110Net Assets 2015: $6,959,6072015Assets 2016: $6,565,786Liabilities 2016: $110Net Assets 2016: $6,565,6762016Assets 2017: $6,887,612Liabilities 2017: $0Net Assets 2017: $6,887,6122017Assets 2018: $7,310,257Liabilities 2018: $0Net Assets 2018: $7,310,2572018Assets 2019: $7,493,003Liabilities 2019: $0Net Assets 2019: $7,493,0032019Assets 2020: $7,705,370Liabilities 2020: $0Net Assets 2020: $7,705,3702020Assets 2021: $9,305,745Liabilities 2021: $0Net Assets 2021: $9,305,7452021Assets 2022: $7,845,464Liabilities 2022: $0Net Assets 2022: $7,845,4642022Assets 2024: $8,510,146Liabilities 2024: $0Net Assets 2024: $8,510,1462024

Highlighted filing

2019

Assets$7,493,003
Liabilities$0
Net Assets$7,493,003
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $392,358Expenses 2011: $197,727Net Income 2011: $194,6312011Expenses 2012: $182,7702012Expenses 2013: $175,9842013Revenue 2014: $440,761Expenses 2014: $197,222Net Income 2014: $243,5392014Revenue 2015: $340,798Expenses 2015: $200,657Net Income 2015: $140,1412015Revenue 2016: $114,948Expenses 2016: $285,736Net Income 2016: -$170,7882016Revenue 2017: $910,485Expenses 2017: $490,537Net Income 2017: $419,9482017Revenue 2018: $556,529Expenses 2018: $203,314Net Income 2018: $353,2152018Revenue 2019: $390,780Expenses 2019: $280,112Net Income 2019: $110,6682019Revenue 2020: $769,647Expenses 2020: $311,720Net Income 2020: $457,9272020Revenue 2021: $453,498Expenses 2021: $278,066Net Income 2021: $175,4322021Revenue 2022: $311,917Expenses 2022: $207,861Net Income 2022: $104,0562022Revenue 2024: $439,756Expenses 2024: $465,753Net Income 2024: -$25,9972024

Highlighted filing

2019

Revenue$390,780
Expenses$280,112
Net Income$110,668
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 29, 2020
Return Version
2018v3.1
Gross Receipts
$1,955,936
Mission and Program Overview

Mission

EDUCATION ASSISTANCE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,570,388$6,758,349▲ $187,961
Cash and Non-Interest-Bearing Accounts$38,026$36,268▼ $1,758
Accounts Receivable$5,032$3,538▼ $1,494
Prepaid Expenses and Deferred Charges$1,000$0▼ $1,000
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,310,257$7,493,003▲ $182,746
Other Assets Total$695,811$694,848▼ $963
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,992,886$4,112,932▲ $120,046
Unrestricted Net Assets$2,621,560$2,685,223▲ $63,663
Permanently Rstr Net Assets$695,811$694,848▼ $963
Total Net Assets Fund Balance$7,310,257$7,493,003▲ $182,746
Total Liabilities and Net Assets / Fund Balance$7,310,257$7,493,003▲ $182,746

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$694,848--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$7,266,199-▲ $422,421-$7,453,197
2017$6,860,618-▲ $574,506-$7,266,199
2016$6,524,103-▲ $779,950-$6,860,618
2015$6,842,293-▼ $174,712-$6,524,103
2014$7,128,793-▼ $56,943-$6,842,293
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Hilliard H Smith IiiChairman
Dr Charles M DerricksonTrustee
Judge Sara Walter CombsTrustee
Mr J Hagan CodellTrustee
Mr Harold HolbrookSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$13,375
Program Service Revenue
$0
Investment Income
$377,405
Other Revenue
$0
All Other Contributions
$13,375
Change in Net Assets
$110,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,112
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
Other Expenses$3,700$3,700-$7,400
Occupancy$1,719$5,156-$6,875
All Other Expenses$6,856--$6,856
Insurance-$5,558-$5,558
Total Functional Expenses$250,012$30,100$0$280,112
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-
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“Hilliard h. Smith iii & hagan codell - family relationshiphilliard h. Smith iii & pj sheffel - family relationshiphilliard h. Smith iii, harold holbrook, j hagan codell, charles m derrickson, pj sheffel & charles herald - business relationship”

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

“The board president will review and approve form 990.”

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

“No documents available to public”

Filing and Contact Details

Filer

Filer Name
Lees College Inc
EIN
61-0447250
Phone
6064873072
Address
P O BOX 640, JACKSON, KY 41339

Signing Officer

Name
Hilliard H Smith Iii
Title
Chairman
Signed
2020-06-29
Discuss with paid preparer
Yes

Organization Details

Formed
1883
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
10
Employees
0

Preparer

Firm
Summers McCrary & Sparks PSC
Address
201 South Main, Winchester, KY 40391
Preparer
Justin B Nichols CPA
Phone
8597451174
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Unrealized gains on investments = $72078”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The objectives for the endowment funds are to provide for a reasonable total investment return, consistent with the needs to safegaurd the college's assets, while maximizing the total investment return on those assets. The college may spend only the income from the investments to support educational purposes.”

Raw XML AppendixShowing 400 of 425 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt026775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt080900
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt06875
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt06875
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt034375
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0220637
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0194277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161570
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0160806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0173925
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0911215
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.10420
IRS990ScheduleA/PublicSupportPY170Pct00.10050
IRS990ScheduleA/PublicSupportTotal170Amt0106935
IRS990ScheduleA/SubstantialContributorsTotAmt08340
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt022875
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0115275
IRS990ScheduleA/TotalSupportAmt01026490
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
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IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-235423
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07453197
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0422421
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-168925
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06860618
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07266199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0574506
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0779950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-143478
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06842293
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0694848
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE OBJECTIVES FOR THE ENDOWMENT FUNDS ARE TO PROVIDE FOR A REASONABLE TOTAL INVESTMENT RETURN, CONSISTENT WITH THE NEEDS TO SAFEGAURD THE COLLEGE'S ASSETS, WHILE MAXIMIZING THE TOTAL INVESTMENT RETURN ON THOSE ASSETS. THE COLLEGE MAY SPEND ONLY THE INCOME FROM THE INVESTMENTS TO SUPPORT EDUCATIONAL PURPOSES.
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HILLIARD H. SMITH III & HAGAN CODELL - FAMILY RELATIONSHIPHILLIARD H. SMITH III & PJ SHEFFEL - FAMILY RELATIONSHIPHILLIARD H. SMITH III, HAROLD HOLBROOK, J HAGAN CODELL, CHARLES M DERRICKSON, PJ SHEFFEL & CHARLES HERALD - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD PRESIDENT WILL REVIEW AND APPROVE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED GAINS ON INVESTMENTS = $72078
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0250012
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0390780
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07310257
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07493003
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02621560
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02685223
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 640
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041339
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ReturnHeader/BuildTS02020-09-23 17:36:50Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,493,003
Liabilities
$0
Net assets
$7,493,003
Revenue
$390,780
Expenses
$280,112
Net income
$110,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.51$0.00$8.51$0.44$0.47$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$0.00$7.85$0.31$0.21$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.31$0.00$9.31$0.45$0.28$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$0.00$7.71$0.77$0.31$0.46
2019Detailed filing. Detailed filing data is available for this year.$7.49$0.00$7.49$0.39$0.28$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$0.00$7.31$0.56$0.20$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.89$0.00$6.89$0.91$0.49$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.57$0.00$6.57$0.11$0.29$0.17
2015Detailed filing. Detailed filing data is available for this year.$6.96$0.00$6.96$0.34$0.20$0.14
2014Detailed filing. Detailed filing data is available for this year.$7.18$0.00$7.18$0.44$0.20$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$0.00$6.26$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.00$5.64$0.18
2011Summary only. Only limited summary data is available for this year.$5.77$0.00$5.77$0.39$0.20$0.19