Civic Intelligence

David Lipscomb College Trust

990EZ • Fiscal year 2020 • EIN 62-6135837

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 25, 2021

200 East Main StreetMcminnville, TN 37110

(931) 473-4402

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

67th percentile

19%

Higher net margin than 67% of similar nonprofits.

2020 filings • 4947(a)1 • <$500k nonprofits • Source year 2020

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2020 filings • 4947(a)1 • <$500k nonprofits • Source year 2020

Asset Growth

54th percentile

3.1%

Faster asset growth than 54% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

7.9%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$331,240

Up $10,014 (+3.1%) from 2019

Net Assets

Up

$331,240

Up $10,014 (+3.1%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$54,089

Up $3,957 (+7.9%) from 2019

Expenses

Up

$44,075

Up $3,218 (+7.9%) from 2019

Net Income

Up

$10,014

Up $739 (+8.0%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$331,240
Liabilities-
Net Assets$331,240

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$54,089
Expenses$44,075
Net Income$10,014
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 25, 2021
Return Version
2020v4.0
Gross Receipts
$54,089
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.$36,000-
Compensation and Service Providers

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
2021-03-25
Discuss with paid preparer
Yes

Preparer

Firm
Totherow Haile & Welch CPAs PLLC
Address
2355 South Chancery St, McMinnville, TN 37110
Preparer
Stephen B Boyd 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: $36000

Raw XML Appendix191 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Lipscomb University | Donee's Address: Granny White Pike Nashville TN 37204 | Cash Amount Given: $36000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
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