Civic Intelligence

David Lipscomb College Trust

EIN 62-6135837 • 4947(a)1 • Mcminnville, TN

Profile

Funding a Scholarship to Lipscomb University.

200 East Main StreetMcminnville, TN 37110

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

59th percentile

5.6%

Higher net margin than 59% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

<$500k nonprofits • Source year 2022

Asset Growth

78th percentile

1.9%

Faster asset growth than 78% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Annualized from 2019 to 2022

Revenue Growth

48th percentile

2.4%

Faster revenue growth than 48% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Annualized from 2019 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$342,866

Up $170 (+0.0%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$342,866

Up $170 (+0.0%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin59th percentile

Revenue

Up

$54,798

Up $192 (+0.4%) from 2023

Expenses

Up

$54,628

Up $3,571 (+7.0%) from 2023

Net Income

Down

$170

Down $3,379 (-95%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2014: $267,207Net Assets 2014: $267,2072014Assets 2015: $270,656Net Assets 2015: $270,6562015Assets 2016: $272,862Net Assets 2016: $272,9032016Assets 2017: $291,585Net Assets 2017: $291,5852017Assets 2018: $311,951Net Assets 2018: $311,9512018Assets 2019: $321,226Net Assets 2019: $321,2262019Assets 2020: $331,240Net Assets 2020: $331,2402020Assets 2021: $337,373Net Assets 2021: $337,3732021Assets 2022: $340,374Net Assets 2022: $340,3742022Assets 2023: $342,696Net Assets 2023: $342,6962023Assets 2024: $342,866Net Assets 2024: $342,8662024

Highlighted filing

2024

Assets$342,866
Liabilities-
Net Assets$342,866
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2014: $42,809Expenses 2014: $39,256Net Income 2014: $3,5532014Revenue 2015: $45,841Expenses 2015: $42,392Net Income 2015: $3,4492015Revenue 2016: $46,264Expenses 2016: $44,017Net Income 2016: $2,2472016Revenue 2017: $56,465Expenses 2017: $37,742Net Income 2017: $18,7232017Revenue 2018: $48,598Expenses 2018: $28,232Net Income 2018: $20,3662018Revenue 2019: $50,132Expenses 2019: $40,857Net Income 2019: $9,2752019Revenue 2020: $54,089Expenses 2020: $44,075Net Income 2020: $10,0142020Revenue 2021: $55,202Expenses 2021: $49,069Net Income 2021: $6,1332021Revenue 2022: $53,877Expenses 2022: $50,876Net Income 2022: $3,0012022Revenue 2023: $54,606Expenses 2023: $51,057Net Income 2023: $3,5492023Revenue 2024: $54,798Expenses 2024: $54,628Net Income 2024: $1702024

Highlighted filing

2024

Revenue$54,798
Expenses$54,628
Net Income$170
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$342,866
Liabilities
-
Net assets
$342,866
Revenue
$54,798
Expenses
$54,628
Net income
$170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.43$3.43$0.55$0.55$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.43$3.43$0.55$0.51$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.40$3.40$0.54$0.51$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.37$3.37$0.55$0.49$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.31$3.31$0.54$0.44$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.21$3.21$0.50$0.41$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.12$3.12$0.49$0.28$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.92$2.92$0.56$0.38$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.73$2.73$0.46$0.44$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.71$2.71$0.46$0.42$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.67$2.67$0.43$0.39$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 31, 2025
Return Version
2024v5.1
Gross Receipts
$54,798
Mission and Program Overview

Mission

Funding a Scholarship to Lipscomb University.

Program Services

DescriptionGrantsExpenses
The trust was established to provide financial support to young ladies who will be attending Lipscomb University. The income of the trust after payment of expenses is used for a scholarship to Lipscomb University.--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
First National BankTrustee-$0--
Filing and Contact Details

Filer

Filer Name
David Lipscomb College Trust
EIN
62-6135837
Phone
9314734402
Address
200 EAST MAIN STREET, MCMINNVILLE, TN 37110

Signing Officer

Name
David Marttala
Title
Trust Officer
Signed
2025-03-31
Discuss with paid preparer
Yes

Preparer

Firm
Totherow Haile & Welch CPAs PLLC
Address
2355 South Chancery St, McMinnville, TN 37110
Preparer
L Candice King CPA
Phone
9316681272
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Lipscomb University | Donee's Address: Granny White Pike Nashville TN 37204 | Cash Amount Given: $45700”

Raw XML Appendix183 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt054628
IRS990EZ/TotalRevenueAmt054798
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt00
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IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt00
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
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IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00.00000
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Lipscomb University | Donee's Address: Granny White Pike Nashville TN 37204 | Cash Amount Given: $45700
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Marttala
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trust Officer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVID LIPSCOMB COLLEGE TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0co FIRST NATIONAL BANK
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0626135837
ReturnHeader/Filer/PhoneNum09314734402
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ReturnHeader/Filer/USAddress/CityNm0MCMINNVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0620693408
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02355 South Chancery St
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037110
ReturnHeader/PreparerPersonGrp/PhoneNum09316681272
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L Candice King CPA
ReturnHeader/ReturnTs02025-03-31T06:39:17-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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