Civic Intelligence

Jesse Stuart Foundation Inc.

990 • Fiscal year 2016 • EIN 61-0959617

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

4440 13th StreetAshland, KY 41102

(606) 326-1667

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.08x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-74%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,354,683

Down $309,791 (-19%) from 2015

Net Assets

Down

$1,342,172

Down $309,574 (-19%) from 2015

Liabilities

Down

$12,511

Down $217 (-1.7%) from 2015

Revenue

Down

$151,103

Down $281,089 (-65%) from 2015

Expenses

Down

$262,246

Down $88,047 (-25%) from 2015

Net Income

Down

-$111,143

Down $193,042 (-236%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,459,228Liabilities 2010: $18,481Net Assets 2010: $1,440,7472010Assets 2011: $1,452,585Liabilities 2011: $4,230Net Assets 2011: $1,448,3552011Assets 2012: $1,391,981Liabilities 2012: $38,037Net Assets 2012: $1,353,9442012Assets 2013: $1,409,854Liabilities 2013: $72,906Net Assets 2013: $1,336,9482013Assets 2014: $1,641,821Liabilities 2014: $10,718Net Assets 2014: $1,631,1032014Assets 2015: $1,664,474Liabilities 2015: $12,728Net Assets 2015: $1,651,7462015Assets 2016: $1,354,683Liabilities 2016: $12,511Net Assets 2016: $1,342,1722016Assets 2017: $1,248,343Liabilities 2017: $15,765Net Assets 2017: $1,232,5782017Assets 2018: $1,146,883Liabilities 2018: $22,514Net Assets 2018: $1,124,3692018Assets 2019: $1,002,084Liabilities 2019: $25,250Net Assets 2019: $976,8342019Assets 2020: $992,907Liabilities 2020: $34,907Net Assets 2020: $958,0002020Assets 2021: $1,120,905Liabilities 2021: $23,543Net Assets 2021: $1,097,3622021Assets 2022: $1,092,494Liabilities 2022: $23,007Net Assets 2022: $1,069,4872022Assets 2023: $1,041,608Liabilities 2023: $23,743Net Assets 2023: $1,017,8652023Assets 2024: $1,046,449Liabilities 2024: $23,614Net Assets 2024: $1,022,8352024

Highlighted filing

2016

Assets$1,354,683
Liabilities$12,511
Net Assets$1,342,172

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $263,0402010Expenses 2011: $243,3482011Expenses 2012: $312,9842012Revenue 2013: $309,922Expenses 2013: $326,918Net Income 2013: -$16,9962013Revenue 2014: $547,859Expenses 2014: $253,704Net Income 2014: $294,1552014Revenue 2015: $432,192Expenses 2015: $350,293Net Income 2015: $81,8992015Revenue 2016: $151,103Expenses 2016: $262,246Net Income 2016: -$111,1432016Revenue 2017: $135,107Expenses 2017: $241,625Net Income 2017: -$106,5182017Revenue 2018: $111,424Expenses 2018: $239,594Net Income 2018: -$128,1702018Revenue 2019: $69,917Expenses 2019: $217,452Net Income 2019: -$147,5352019Revenue 2020: $138,552Expenses 2020: $157,386Net Income 2020: -$18,8342020Revenue 2021: $332,172Expenses 2021: $199,401Net Income 2021: $132,7712021Revenue 2022: $146,123Expenses 2022: $173,998Net Income 2022: -$27,8752022Revenue 2023: $122,956Expenses 2023: $164,169Net Income 2023: -$41,2132023Revenue 2024: $177,582Expenses 2024: $162,208Net Income 2024: $15,3742024

Highlighted filing

2016

Revenue$151,103
Expenses$262,246
Net Income-$111,143
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$363,151
Mission and Program Overview

Mission

Preserving the human and literary legacy of jesse stuart and other kentucky and appalachian writers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,651,746$1,342,172▼ $309,574
Land, Buildings, and Equipment, Net$539,023$525,642▼ $13,381
Investments Other Securities$341,094$391,700▲ $50,606
Inventories for Sale or Use$471,523$283,577▼ $187,946
Cash and Non-Interest-Bearing Accounts$194,625$100,380▼ $94,245
Accounts Receivable$20,332$28,258▲ $7,926
Savings and Temporary Cash Investments$25,003$25,126▲ $123
Total Assets$1,664,474$1,354,683▼ $309,791
Other Assets Total$72,874--
Liabilities
Accounts Payable and Accrued Expenses$12,728$12,511▼ $217
Total Liabilities$12,728$12,511▼ $217
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,651,746$1,342,172▼ $309,574
Total Liabilities and Net Assets / Fund Balance$1,664,474$1,354,683▼ $309,791

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$504,392$125,396$629,788
Land$21,250-$21,250
Other Securities$391,700--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fritz Mildred Enyart ScarboroughChair
Don Ruby MillerVice Chair
Carl Buzzy LemingBoard Member
Clancy BrownBoard Member
David PalmoreBoard Member
Howard HarrisonBoard Member
Jane StuartBoard Member
Jeff PrestonBoard Member
John McginnisBoard Member
Jonathan JeffreyBoard Member
Mark MaynardBoard Member
Nancy Jeff PrestonBoard Member
Paula KopaczBoard Member
Rebecca BaileyBoard Member
Ronald CarteeBoard Member
Roy BrownBoard Member
Sherry HorsleyBoard Member
Wayne AndrewsBoard Member
Wayne OnkstBoard Member
Dr Charlie SweetEmeritus Mem
Dr John SpurlockEmeritus Mem
Dr Thayle AndersonEmeritus Mem
Judy ThomasEmeritus Mem
Gregory MongeGeneral Coun
Dr James M GiffordSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$120,911
Program Service Revenue
$0
Investment Income
$12,787
Other Revenue
$17,405
All Other Contributions
$120,911
Change in Net Assets
$-111,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,385
Salaries, Compensation, and Employee Benefits$64,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,942$27,001-$52,943
Occupancy$33,538--$33,538
Office Expenses$32,449--$32,449
Royalties$29,925--$29,925
Fees for Services Other$16,040--$16,040
Depreciation Depletion$13,381--$13,381
Other Employee Benefits$6,793--$6,793
Advertising$5,486--$5,486
Payroll Taxes$2,511$2,614-$5,125
Travel$3,842--$3,842
Fees for Services Accounting$1,539$900-$2,439
Other Expenses$2,309--$2,309
Total Functional Expenses$231,731$30,515$0$262,246
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
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Each board member is expected to complete and sign a conflict of interest letter annually, at the fall meeting, in which he/she can declare no conflicts of interest or disclose potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

Board review and approval of all disclosures and internal documents.

Filing and Contact Details

Filer

Filer Name
Jesse Stuart Foundation Inc
EIN
61-0959617
Phone
6063261667
Address
4440 13TH STREET, ASHLAND, KY 41102

Signing Officer

Name
Dr James M Gifford
Title
Secretary
Phone
6063261667
Signed
2017-05-10

Organization Details

Principal Officer
Dr James M Gifford
Formed
1979
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
20
Employees
3

Preparer

Firm
Kelley Galloway Smith Goolsby Psc
Address
1200 CORPORATE COURT PO BOX 990, ASHLAND, KY 41105-0990
Preparer
Geoffrey K Griffith Cpaabv Cff
Phone
6063291811
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior period adj -249,037

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IRS990/PrincipalOfficerNm0DR JAMES M GIFFORD
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt096236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt066965
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013741
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS EXPECTED TO COMPLETE AND SIGN A CONFLICT OF INTEREST LETTER ANNUALLY, AT THE FALL MEETING, IN WHICH HE/SHE CAN DECLARE NO CONFLICTS OF INTEREST OR DISCLOSE POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEW AND APPROVAL OF ALL DISCLOSURES AND INTERNAL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR PERIOD ADJ -249,037
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.02$0.18$0.16$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.02$0.12$0.16$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.15$0.17$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.02$1.10$0.33$0.20$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.03$0.96$0.14$0.16$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.98$0.07$0.22$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.02$1.12$0.11$0.24$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.14$0.24$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.01$1.34$0.15$0.26$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.43$0.35$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.64$0.01$1.63$0.55$0.25$0.29
2013Detailed filing. Detailed filing data is available for this year.$1.41$0.07$1.34$0.31$0.33$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.04$1.35$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.02$1.44$0.26