Civic Intelligence

Clay Electric Foundation Inc.

990 • Fiscal year 2016 • EIN 61-1777637

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 25, 2017

Organization ProfileWWW.CLAYELECTRIC.COM/FOUNDATIONBOARD
PO Box 308Keystone Heights, FL 32656

(352) 473-8000

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

0.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

100th percentile

22405500%

Faster asset growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$224,056

Up $224,055 (+22405500%) from 2015

Net Assets

$152,896

No earlier filing loaded for comparison.

Liabilities

Up

$71,160

Up $71,160 from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin95th percentile

Revenue

Up

$224,056

Up $224,056 from 2015

Expenses

Up

$71,160

Up $71,160 from 2015

Net Income

Up

$152,896

Up $152,896 from 2015

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$600K$400K$200K$0Assets 2015: $1Liabilities 2015: $02015Assets 2016: $224,056Liabilities 2016: $71,160Net Assets 2016: $152,8962016Assets 2017: $435,488Liabilities 2017: $3,000Net Assets 2017: $432,4882017Assets 2018: $373,550Liabilities 2018: $0Net Assets 2018: $373,5502018Assets 2019: $330,242Liabilities 2019: $0Net Assets 2019: $330,2422019Assets 2020: $323,969Liabilities 2020: $9,000Net Assets 2020: $314,9692020Assets 2021: $306,875Liabilities 2021: $0Net Assets 2021: $306,8752021Assets 2022: $282,594Liabilities 2022: $15,000Net Assets 2022: $267,5942022Assets 2023: $237,461Liabilities 2023: $0Net Assets 2023: $237,4612023Assets 2024: $209,236Liabilities 2024: $0Net Assets 2024: $209,2362024

Highlighted filing

2016

Assets$224,056
Liabilities$71,160
Net Assets$152,896
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $224,056Expenses 2016: $71,160Net Income 2016: $152,8962016Revenue 2017: $939,187Expenses 2017: $659,595Net Income 2017: $279,5922017Revenue 2018: $935,610Expenses 2018: $994,548Net Income 2018: -$58,9382018Revenue 2019: $918,087Expenses 2019: $961,395Net Income 2019: -$43,3082019Revenue 2020: $926,290Expenses 2020: $941,563Net Income 2020: -$15,2732020Revenue 2021: $892,614Expenses 2021: $900,708Net Income 2021: -$8,0942021Revenue 2022: $888,411Expenses 2022: $927,692Net Income 2022: -$39,2812022Revenue 2023: $932,077Expenses 2023: $962,210Net Income 2023: -$30,1332023Revenue 2024: $951,425Expenses 2024: $979,650Net Income 2024: -$28,2252024

Highlighted filing

2016

Revenue$224,056
Expenses$71,160
Net Income$152,896
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 25, 2017
Return Version
2016v3.0
Gross Receipts
$224,056
Mission and Program Overview

Mission

The accumulation and disbursement of funds for charitable, educational and other worthy purposes in the 14 county service area of clay electric cooperative, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$224,056-
Total Assets$0$224,056▲ $224,056
Liabilities
Accounts Payable and Accrued Expenses-$71,160-
Total Liabilities$0$71,160▲ $71,160
Net Assets / Fund Balance
Unrestricted Net Assets-$152,896-
Total Net Assets Fund Balance$0$152,896▲ $152,896
Total Liabilities and Net Assets / Fund Balance$0$224,056▲ $224,056
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Stephen E BaileyPresident/board Member
Kathleen R BarrowVice-president/board Member
Carol KnightBoard Member
Elzie S SandersBoard Member
Marianne E GloriusBoard Member
Shirley a PurintonBoard Member
William E GarrisonBoard Member
Reginal L BrownSecretary/member
Richard L FeagleTreasurer/member
Revenue and Support

Revenue Composition

Contributions and Grants
$224,056
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$224,056
Change in Net Assets
$152,896

Audited Revenue Reconciliation

Revenue per Audited Statements
$224,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$224,056
Total Revenue per Form 990
$224,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$71,160
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$71,160--$71,160
Total Functional Expenses$71,160$0$0$71,160

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$71,160
Total Expenses per Audited Statements$71,160
Total Expenses per Form 990$71,160
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fort Mccoy Little LeagueFort Mccoy, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$12,160
Basca IncOrange Park, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$12,000
Happy House IncLake City, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$12,000
Alachua County Organization for Rural Needs IncBrooker, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$10,000
Lake Area Ministries IncKeystone Heights, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$10,000
Rodeheaver Foundation IncPalatka, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$10,000
Friends of the Micanopy Library IncMicanopy, FL501(c)(3)PURSUIT OF THE FOUNDATION'S OVERALL MISSION$5,000
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“A member of clay electric cooperative, inc.'s management presented the 2016 form 990 to the board of trustees for their review at their monthly board meeting on november 6, 2017.”

Form 990, Part VI, Section B, Line 12C

“Anually, board members are provided a copy of the conflict of interest policy for review. Board members disclose any conflicts of interest at monthly board meetings prior to deliberation and action.”

Form 990, Part VI, Section C, Line 19

“The foundation's form 990 is made available upon a reasonable request.”

Filing and Contact Details

Filer

Filer Name
Clay Electric Foundation Inc
EIN
61-1777637
Phone
3524738000
Address
PO BOX 308, KEYSTONE HEIGHTS, FL 32656

Signing Officer

Name
Stephen Bailey
Title
President
Phone
3524738000
Signed
2017-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Bailey
Formed
2015
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Nichols Cauley & Associates LLC
Address
1300 BELLEVUE AVENUE, DUBLIN, GA 31021-4152
Preparer
Cal Brantley CPA
Phone
4782751163
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors, along with management of clay electric cooperative, inc., assume responsibility for oversight of the foundation's financial statement audit and the selection of the independent auditor.”

Schedule B

“The foundation received contributions of $224,056 for the year ended december 31, 2016. These contributions were received from the participating members/consumers of clay electric cooperative, inc.'s round up program. No contributor contributed more than $5,000 during the year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation's financial statements include a disclosure that says the foundation determined that it is more likely than not that its tax positions will be sustained upon examination by the internal revenue service or other state taxing authorities.”

Raw XML AppendixShowing 400 of 438 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4PURSUIT OF THE FOUNDATION'S OVERALL MISSION
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALACHUA COUNTY ORGANIZATION FOR RURAL NEEDS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BASCA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FORT MCCOY LITTLE LEAGUE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3FRIENDS OF THE MICANOPY LIBRARY INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4HAPPY HOUSE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LAKE AREA MINISTRIES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6RODEHEAVER FOUNDATION INC
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt023320 N STATE ROAD 235
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1352 STOWE AVE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 1282
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 1385
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6906 SOUTH STATE ROAD 19
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKER
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IRS990ScheduleI/RecipientTable/USAddress/CityNm3MICANOPY
IRS990ScheduleI/RecipientTable/USAddress/CityNm4LAKE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm5KEYSTONE HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/CityNm6PALATKA
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH - FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2CASH - FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3CASH - FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4CASH - FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc5CASH - FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc6CASH - FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MEMBER OF CLAY ELECTRIC COOPERATIVE, INC.'S MANAGEMENT PRESENTED THE 2016 FORM 990 TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AT THEIR MONTHLY BOARD MEETING ON NOVEMBER 6, 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANUALLY, BOARD MEMBERS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY FOR REVIEW. BOARD MEMBERS DISCLOSE ANY CONFLICTS OF INTEREST AT MONTHLY BOARD MEETINGS PRIOR TO DELIBERATION AND ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S FORM 990 IS MADE AVAILABLE UPON A REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS, ALONG WITH MANAGEMENT OF CLAY ELECTRIC COOPERATIVE, INC., ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE FOUNDATION'S FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION RECEIVED CONTRIBUTIONS OF $224,056 FOR THE YEAR ENDED DECEMBER 31, 2016. THESE CONTRIBUTIONS WERE RECEIVED FROM THE PARTICIPATING MEMBERS/CONSUMERS OF CLAY ELECTRIC COOPERATIVE, INC.'S ROUND UP PROGRAM. NO CONTRIBUTOR CONTRIBUTED MORE THAN $5,000 DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CLAY ELECTRIC COOPERATIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0590196695
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(12)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBER OWNED ELECTRIC COOPERATIVE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KEYSTONE HEIGHTS
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S SOLE SOURCE OF REVENUE COMES FROM THE PARTICIPATING MEMBERS/CONSUMERS OF CLAY ELECTRIC COOPERATIVE, INC.'S ROUND UP PROGRAM. RECEIVABLES, REPRESENTING FUNDS COLLECTED BY CLAY ELECTRIC COOPERATIVE, INC. FOR THE FOUNDATION BUT NOT YET PAID TO THE FOUNDATION, AMOUNTED TO $224,056 AT THE END OF THE YEAR. PAYABLES, REPRESENTING DISBURSEMENTS MADE BY CLAY ELECTRIC COOPERATIVE, INC. ON BEHALF OF THE FOUNDATION BUT NOT YET REIMBURSED BY THE FOUNDATION, AMOUNTED TO $71,160 AT THE END OF THE YEAR.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART IV
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0224056
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt171160
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CLAY ELECTRIC COOPERATIVE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CLAY ELECTRIC COOPERATIVE INC
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt071160
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IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt071160
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0152896
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224056
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0224056
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,056
Liabilities
$71,160
Net assets
$152,896
Revenue
$224,056
Expenses
$71,160
Net income
$152,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$9.51$9.80$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$9.32$9.62$0.30
2022Detailed filing. Detailed filing data is available for this year.$2.83$0.15$2.68$8.88$9.28$0.39
2021Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$8.93$9.01$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.09$3.15$9.26$9.42$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$9.18$9.61$0.43
2018Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$9.36$9.95$0.59
2017Detailed filing. Detailed filing data is available for this year.$4.35$0.03$4.32$9.39$6.60$2.80
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.71$1.53$2.24$0.71$1.53
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00