Civic Intelligence

Tennessee Business Development

990 • Fiscal year 2014 • EIN 62-1383053

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 23, 2015

Organization Profile

View Organization Page

1301 E Wood StParis, TN 38242

(731) 644-2638

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

8.56x

Higher debt load relative to revenue than 96% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

45th percentile

1.7%

Higher net margin than 45% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$52,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-14%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$13,364,604

Down $2,301,569 (-15%) from 2013

Net Assets

Down

$1,049,928

Down $35,647 (-3.3%) from 2013

Liabilities

Down

$12,314,676

Down $2,265,922 (-16%) from 2013

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin45th percentile

Revenue

Down

$1,438,840

Down $228,074 (-14%) from 2013

Expenses

Down

$1,414,823

Down $125,025 (-8.1%) from 2013

Net Income

Down

$24,017

Down $103,049 (-81%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$30M$20M$10M$0Assets 2010: $22,803,392Liabilities 2010: $21,945,698Net Assets 2010: $857,6942010Assets 2011: $19,695,751Liabilities 2011: $18,869,931Net Assets 2011: $825,8202011Assets 2012: $19,841,570Liabilities 2012: $18,883,063Net Assets 2012: $958,5072012Assets 2013: $15,666,173Liabilities 2013: $14,580,598Net Assets 2013: $1,085,5752013Assets 2014: $13,364,604Liabilities 2014: $12,314,676Net Assets 2014: $1,049,9282014Assets 2015: $12,087,745Liabilities 2015: $11,336,398Net Assets 2015: $751,3472015Assets 2016: $10,226,268Liabilities 2016: $9,730,160Net Assets 2016: $496,1082016Assets 2017: $66,147Liabilities 2017: $943Net Assets 2017: $65,2042017Assets 2018: $59,421Liabilities 2018: $0Net Assets 2018: $59,4212018Assets 2019: $79,048Liabilities 2019: $9,000Net Assets 2019: $70,0482019Assets 2020: $81,110Liabilities 2020: $5,000Net Assets 2020: $76,1102020Assets 2021: $132,032Liabilities 2021: $2,748Net Assets 2021: $129,2842021Assets 2022: $75,517Liabilities 2022: $0Net Assets 2022: $75,5172022Assets 2023: $10,388Liabilities 2023: $0Net Assets 2023: $10,3882023Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2014

Assets$13,364,604
Liabilities$12,314,676
Net Assets$1,049,928
Open 2014 Filing

Operations Trend

Revenue Growth14th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $943,6922010Revenue 2011: $1,059,342Expenses 2011: $1,091,200Net Income 2011: -$31,8582011Revenue 2012: $1,487,790Expenses 2012: $1,355,103Net Income 2012: $132,6872012Revenue 2013: $1,666,914Expenses 2013: $1,539,848Net Income 2013: $127,0662013Revenue 2014: $1,438,840Expenses 2014: $1,414,823Net Income 2014: $24,0172014Revenue 2015: $138,807Expenses 2015: $437,388Net Income 2015: -$298,5812015Revenue 2016: $131,206Expenses 2016: $386,444Net Income 2016: -$255,2382016Revenue 2017: $150,934Expenses 2017: $305,993Net Income 2017: -$155,0592017Revenue 2018: $152,905Expenses 2018: $158,688Net Income 2018: -$5,7832018Revenue 2019: $215,783Expenses 2019: $205,156Net Income 2019: $10,6272019Revenue 2020: $304,411Expenses 2020: $298,349Net Income 2020: $6,0622020Revenue 2021: $211,925Expenses 2021: $158,751Net Income 2021: $53,1742021Revenue 2022: $97,456Expenses 2022: $151,223Net Income 2022: -$53,7672022Revenue 2023: $112,021Expenses 2023: $177,150Net Income 2023: -$65,1292023Revenue 2025: $49,791Expenses 2025: $62,287Net Income 2025: -$12,4962025

Highlighted filing

2014

Revenue$1,438,840
Expenses$1,414,823
Net Income$24,017
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 23, 2015
Return Version
2014v5.0
Gross Receipts
$1,438,840
Mission and Program Overview

Mission

Facilitate small business financing

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,601,745$12,276,434▼ $1,325,311
Cash and Non-Interest-Bearing Accounts$34,335$681,854▲ $647,519
Land, Buildings, and Equipment, Net$1,498,164$12,187▼ $1,485,977
Prepaid Expenses and Deferred Charges$32,460$5,401▼ $27,059
Accounts Receivable$62,867$3,229▼ $59,638
Total Assets$15,666,173$13,364,604▼ $2,301,569
Other Assets Total$436,602$385,499▼ $51,103
Liabilities
Other Liabilities$14,439,223$12,276,435▼ $2,162,788
Accounts Payable and Accrued Expenses$141,375$38,241▼ $103,134
Total Liabilities$14,580,598$12,314,676▼ $2,265,922
Net Assets / Fund Balance
Unrestricted Net Assets$536,137$583,575▲ $47,438
Temporarily Rstr Net Assets$549,438$466,353▼ $83,085
Total Net Assets Fund Balance$1,085,575$1,049,928▼ $35,647
Total Liabilities and Net Assets / Fund Balance$15,666,173$13,364,604▼ $2,301,569
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleBaseTotal
Deborah ThigpenEx. Director$52,000$52,000

Board Members and Trustees

NameTitle
Brent GreerPresident
Amy PerkinsDirector
Ben RuddDirector
Bill BlankenshipDirector
David VarnerDirector
Larry BakerDirector
Lori OsborneDirector
Mike ColeyDirector
Mary Gail MullerSecretary
Austin PerryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$83,538
Investment Income
$0
Other Revenue
$1,355,302
Change in Net Assets
$24,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,438,840
Total Revenue per Audited Statements
$1,438,840
Total Revenue per Form 990
$1,438,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,101,873
Salaries, Compensation, and Employee Benefits$312,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$573,218--$573,218
Other Salaries and Wages$240,331--$240,331
Other Employee Benefits$54,079--$54,079
All Other Expenses$44,850--$44,850
Interest$30,451--$30,451
Other Expenses$26,528--$26,528
Occupancy$18,638--$18,638
Payroll Taxes$18,540--$18,540
Fees for Services Other$15,043--$15,043
Travel$10,996--$10,996
Fees for Services Legal$10,537--$10,537
Office Expenses$9,952--$9,952
Fees for Services Accounting$8,675--$8,675
Information Technology$2,750--$2,750
Conferences and Meetings$289--$289
Total Functional Expenses$1,414,823$0$0$1,414,823

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,414,823
Expenses per Audited Statements$1,402,626
Total Expenses per Audited Statements$1,402,626
Expenses Not Reported on Financial Statements$12,197
Other Expense Adjustments$12,197
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Notes$12,276,435
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Tennessee Business Development
EIN
62-1383053
Phone
7316442638
Address
1301 E WOOD ST, PARIS, TN 38242

Signing Officer

Name
Jim Thigpen
Title
Executive Director
Phone
7316442638
Signed
2015-07-23

Organization Details

Principal Officer
Jim Thigpen
Formed
1988
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
8

Preparer

Firm
Cowart Reese Sargent Cpas
Address
64 LYNOAK COVE, JACKSON, TN 38305-2800
Preparer
T Paul Anderson CPA
Phone
7316681806
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 12,197”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 12,197”

Raw XML Appendix374 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01522
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02263
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt083538
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47810
IRS990ScheduleA/PublicSupportPY170Pct00.71280
IRS990ScheduleA/PublicSupportTotal170Amt0466986
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0177196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0273975
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0466986
IRS990ScheduleA/TotalSupportAmt0976696
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0144342
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0194929
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0129976
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt038200
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0507447
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt012197
IRS990ScheduleD/ExpensesSubtotalAmt01402626
IRS990ScheduleD/OtherExpensesNotIncludedAmt012197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012276435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA NOTES
IRS990ScheduleD/RevenueSubtotalAmt01438840
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 12,197
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt01414823
IRS990ScheduleD/TotalLiabilityAmt012276435
IRS990ScheduleD/TotalRevenuePerForm990Amt01438840
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01438840
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01402626
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 12,197
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0549438
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0466353
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015666173
IRS990/TotalAssetsEOYAmt013364604
IRS990/TotalAssetsGrp/BOYAmt015666173
IRS990/TotalAssetsGrp/EOYAmt013364604
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01414823
IRS990/TotalFunctionalExpensesGrp/TotalAmt01414823
IRS990/TotalGrossUBIAmt01355302
IRS990/TotalLiabilitiesBOYAmt014580598
IRS990/TotalLiabilitiesEOYAmt012314676
IRS990/TotalLiabilitiesGrp/BOYAmt014580598
IRS990/TotalLiabilitiesGrp/EOYAmt012314676
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01085575
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01049928
IRS990/TotalProgramServiceExpensesAmt01414823
IRS990/TotalProgramServiceRevenueAmt083538
IRS990/TotalReportableCompFromOrgAmt052000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083538
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01438840
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01355302
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015666173
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013364604
IRS990/TravelGrp/ProgramServicesAmt010996
IRS990/TravelGrp/TotalAmt010996
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0536137
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0583575
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01301 E WOOD ST
IRS990/USAddress/CityNm0PARIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038242
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM THIGPEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07316442638
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENNESSEE BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0TENN
ReturnHeader/Filer/EIN0621383053
ReturnHeader/Filer/PhoneNum07316442638
ReturnHeader/Filer/USAddress/AddressLine1Txt01301 E WOOD ST
ReturnHeader/Filer/USAddress/CityNm0PARIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038242
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273218230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COWART REESE SARGENT CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt064 LYNOAK COVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0383052800
ReturnHeader/PreparerPersonGrp/PhoneNum07316681806
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02015-08-17T10:47:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,364,604
Liabilities
$12,314,676
Net assets
$1,049,928
Revenue
$1,438,840
Expenses
$1,414,823
Net income
$24,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.05$0.06$0.01
2023Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.11$0.18$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.00$0.08$0.10$0.15$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.21$0.16$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.01$0.08$0.30$0.30$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.01$0.07$0.22$0.21$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.15$0.16$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.15$0.31$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$9.73$0.50$0.13$0.39$0.26
2015Detailed filing. Detailed filing data is available for this year.$12.1$11.3$0.75$0.14$0.44$0.30
2014Detailed filing. Detailed filing data is available for this year.$13.4$12.3$1.05$1.44$1.41$0.02
2013Summary only. Only limited summary data is available for this year.$15.7$14.6$1.09$1.67$1.54$0.13
2012Summary only. Only limited summary data is available for this year.$19.8$18.9$0.96$1.49$1.36$0.13
2011Summary only. Only limited summary data is available for this year.$19.7$18.9$0.83$1.06$1.09$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$21.9$0.86$0.94