Civic Intelligence

Tennessee Business Development

990 • Fiscal year 2016 • EIN 62-1383053

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 26, 2017

Organization Profile

View Organization Page

P O Box 277Paris, TN 38242

(731) 644-2638

Siviq Scores

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

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

74.16x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

2nd percentile

-195%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-5.5%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$10,226,268

Down $1,861,477 (-15%) from 2015

Net Assets

Down

$496,108

Down $255,239 (-34%) from 2015

Liabilities

Down

$9,730,160

Down $1,606,238 (-14%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Down

$131,206

Down $7,601 (-5.5%) from 2015

Expenses

Down

$386,444

Down $50,944 (-12%) from 2015

Net Income

Up

-$255,238

Up $43,343 (+15%) from 2015

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

2016

Assets$10,226,268
Liabilities$9,730,160
Net Assets$496,108
Open 2016 Filing

Operations Trend

Revenue Growth27th 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

2016

Revenue$131,206
Expenses$386,444
Net Income-$255,238
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 26, 2017
Return Version
2016v3.0
Gross Receipts
$131,206
Mission and Program Overview

Mission

Facilitate small business financing

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,336,347$9,730,160▼ $1,606,187
Cash and Non-Interest-Bearing Accounts$400,556$203,308▼ $197,248
Land, Buildings, and Equipment, Net$9,193$6,728▼ $2,465
Prepaid Expenses and Deferred Charges$5,401$5,401→ $0
Accounts Receivable$3,738$4,232▲ $494
Total Assets$12,087,745$10,226,268▼ $1,861,477
Other Assets Total$332,510$276,439▼ $56,071
Liabilities
Other Liabilities$11,336,347$9,730,160▼ $1,606,187
Accounts Payable and Accrued Expenses$51--
Total Liabilities$11,336,398$9,730,160▼ $1,606,238
Net Assets / Fund Balance
Temporarily Rstr Net Assets$162,155$292,276▲ $130,121
Unrestricted Net Assets$589,192$203,832▼ $385,360
Total Net Assets Fund Balance$751,347$496,108▼ $255,239
Total Liabilities and Net Assets / Fund Balance$12,087,745$10,226,268▼ $1,861,477

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,728$82,366$89,094
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Brent GreerPresident
Albert WadeDirector
Amy PerkinsDirector
Ben RuddDirector
David VarnerDirector
Gary OdomDirector
Mike ColeyDirector
Tim BoydDirector
Jim ThigpenEx. Director
Austin PerrySecretaryt/t
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$131,206
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-255,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,206
Total Revenue per Audited Statements
$131,206
Total Revenue per Form 990
$131,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$321,821
Other Expenses$64,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,800--$251,800
Other Employee Benefits$50,657--$50,657
Payroll Taxes$19,364--$19,364
Occupancy$14,667--$14,667
Insurance$10,837--$10,837
Travel$7,701--$7,701
Fees for Services Accounting$6,700--$6,700
Office Expenses$6,581--$6,581
Information Technology$4,366--$4,366
Depreciation Depletion$2,464--$2,464
Other Expenses$1,711--$1,711
Fees for Services Other$1,085--$1,085
Conferences and Meetings$668--$668
Total Functional Expenses$386,444$0$0$386,444

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$386,444
Total Expenses per Audited Statements$386,444
Total Expenses per Form 990$386,444
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$9,730,160
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
P O BOX 277, PARIS, TN 38242

Signing Officer

Name
Jim Thigpen
Title
Ex. Director
Phone
7316442638
Signed
2017-06-26

Organization Details

Principal Officer
Jim Thigpen
Formed
1988
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
7

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

“ROUNDING ADJUSTMENT -1”

Raw XML Appendix352 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/TitleTxt1SECRETARYT/T
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EX. DIRECTOR
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IRS990ScheduleD/TotalRevenuePerForm990Amt0131206
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0131206
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING ADJUSTMENT -1
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt09730160
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0751347
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IRS990/TotalProgramServiceRevenueAmt0131206
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010226268
IRS990/TravelGrp/ProgramServicesAmt07701
IRS990/TravelGrp/TotalAmt07701
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IRS990/USAddress/ZIPCd038242
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IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM THIGPEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EX. DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07316442638
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENNESSEE BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0TENN
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ReturnHeader/Filer/PhoneNum07316442638
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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/PreparationDt02017-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T PAUL ANDERSON CPA
ReturnHeader/ReturnTs02017-06-29T13:56:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$10,226,268
Liabilities
$9,730,160
Net assets
$496,108
Revenue
$131,206
Expenses
$386,444
Net income
-$255,238
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
2016Detailed filing. Detailed filing data is available for this year.$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