Civic Intelligence

Parks Charitable Foundation

EIN 62-6340858 • 4947(a)1 • Clarksville, TN

Profile

The parks charitable foundation has been set up for the use and benefit of the clarksville academy, clarksville, tennessee.

325 Commerce StreetClarksville, TN 37040

n/A

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2021

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

$500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

40th percentile

-0.6%

Faster asset growth than 40% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2019 to 2021

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$0

Down $706,785 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $706,785 (-100%) from 2022

Operations
Liabilities / Revenue40th percentileNet Margin64th percentile

Revenue

Down

$6,640

Down $11,135 (-63%) from 2022

Expenses

Up

$713,425

Up $656,506 (+1153%) from 2022

Net Income

Down

-$706,785

Down $667,641 (-1706%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$1.0M$500K$0Assets 2013: $875,691Liabilities 2013: $0Net Assets 2013: $875,6912013Assets 2014: $855,971Liabilities 2014: $0Net Assets 2014: $855,9712014Assets 2015: $844,056Liabilities 2015: $0Net Assets 2015: $844,0562015Assets 2016: $829,272Liabilities 2016: $0Net Assets 2016: $829,2722016Assets 2017: $801,221Liabilities 2017: $0Net Assets 2017: $801,2212017Assets 2018: $801,267Liabilities 2018: $0Net Assets 2018: $801,2672018Assets 2019: $788,780Liabilities 2019: $0Net Assets 2019: $788,7802019Assets 2020: $830,918Liabilities 2020: $0Net Assets 2020: $830,9182020Assets 2021: $778,809Liabilities 2021: $0Net Assets 2021: $778,8092021Assets 2022: $706,785Liabilities 2022: $0Net Assets 2022: $706,7852022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth67th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $43,706Expenses 2013: $55,544Net Income 2013: -$11,8382013Revenue 2014: $38,653Expenses 2014: $58,379Net Income 2014: -$19,7262014Revenue 2015: $45,194Expenses 2015: $57,109Net Income 2015: -$11,9152015Revenue 2016: $34,962Expenses 2016: $49,746Net Income 2016: -$14,7842016Revenue 2017: $42,972Expenses 2017: $71,023Net Income 2017: -$28,0512017Revenue 2018: $53,402Expenses 2018: $53,445Net Income 2018: -$432018Revenue 2019: $45,659Expenses 2019: $58,061Net Income 2019: -$12,4022019Revenue 2020: $599,190Expenses 2020: $557,052Net Income 2020: $42,1382020Revenue 2021: $65,730Expenses 2021: $57,238Net Income 2021: $8,4922021Revenue 2022: $17,775Expenses 2022: $56,919Net Income 2022: -$39,1442022Revenue 2023: $6,640Expenses 2023: $713,425Net Income 2023: -$706,7852023

Highlighted filing

2023

Revenue$6,640
Expenses$713,425
Net Income-$706,785
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$6,640
Expenses
$713,425
Net income
-$706,785
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.07$7.13$7.07
2022Detailed filing. Detailed filing data is available for this year.$7.07$0.00$7.07$0.18$0.57$0.39
2021Detailed filing. Detailed filing data is available for this year.$7.79$0.00$7.79$0.66$0.57$0.08
2020Detailed filing. Detailed filing data is available for this year.$8.31$0.00$8.31$5.99$5.57$0.42
2019Detailed filing. Detailed filing data is available for this year.$7.89$0.00$7.89$0.46$0.58$0.12
2018Detailed filing. Detailed filing data is available for this year.$8.01$0.00$8.01$0.53$0.53$0.00
2017Detailed filing. Detailed filing data is available for this year.$8.01$0.00$8.01$0.43$0.71$0.28
2016Detailed filing. Detailed filing data is available for this year.$8.29$0.00$8.29$0.35$0.50$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.44$0.00$8.44$0.45$0.57$0.12
2014Detailed filing. Detailed filing data is available for this year.$8.56$0.00$8.56$0.39$0.58$0.20
2013Detailed filing. Detailed filing data is available for this year.$8.76$0.00$8.76$0.44$0.56$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$6,640
Mission and Program Overview

Mission

The parks charitable foundation has been set up for the use and benefit of the clarksville academy, clarksville, tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$706,785--
Investments in Publicly Traded Securities$301,419--
Savings and Temporary Cash Investments$65,366--
Total Assets$706,785$0▼ $706,785
Other Assets Total$340,000--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$706,785$0▼ $706,785
Total Liabilities and Net Assets / Fund Balance$706,785$0▼ $706,785
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jack MitchellBoard Member
-Trust Office
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,640
Other Revenue
$0
Change in Net Assets
$-706,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$713,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$711,559$599-$712,158
Fees for Service Investment Mgmnt Fees-$1,267-$1,267
Total Functional Expenses$711,559$1,866$0$713,425
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
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI

“Form 990, part vi, line 2 - related party information among officers clark nicholson bryce powers john wallace jr former chair board member board member clarksville academy board members”

Form 990, Page 6, Part VI, Line 2

“Clark nicholson charlsie lankford former chair board member clarksville academy bd members”

Form 990, Page 6, Part VI, Line 3

“Management is handled by an advisory committee as stipulated by the trust and carried out by the trustee.”

Form 990, Page 6, Part VI, Line 6

“Please see copy of trust agreement attached.”

Form 990, Page 6, Part VI, Line 7A

“See trust agreement attached.”

Form 990, Page 6, Part VI, Line 7B

“Decisions are made by the advisory committee. (a minimum of three people and possibly up to five people). The trustee makes distributions of net income, for the use and benefit of the clarksville academey as directed by the advisory committee.”

Form 990, Page 6, Part VI, Line 9

“Jack mitchell 308 s second street clarksville, tn 37040”

Form 990, Page 6, Part VI, Line 10B

“There are no separate chapters.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and signed by the trustee after preparation by an independent accountant.”

Form 990, Page 6, Part VI, Line 19

“The form 990 will be available to the public, upon request, at the office of planters trust 1312 south main street hopkinsville, ky 42241 or at the office of john l mitchell 308 s second st clarksville, tn 37040.”

Filing and Contact Details

Filer

Filer Name
Parks Charitable Foundation
EIN
62-6340858
Phone
2708901612
Address
325 COMMERCE STREET, CLARKSVILLE, TN 37040

Signing Officer

Name
Planters Bank
Title
Trust Officer
Phone
2708901612
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Mitchell
Formed
1998
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
2
Employees
0

Preparer

Firm
Thurman Campbell Group Plc
Address
324 FRANKLIN ST, CLARKSVILLE, TN 37040
Preparer
Nancy L Ladd
Phone
9315527474
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Parks charitable foundation is established for the use and benefit of clarksville academy, clarksville tennessee.”

Form 990, Part IX, Line 11G

“Fees subj 2% 0 682 0 char contr-clks acad foundati 711,559 0 0 timng difference 0 -83 0 total 711,559 599 0”

Form 990, Part XI, Line 9

“Timing difference 0 correction to asset cost value 0”

Raw XML Appendix356 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/ExplanationTxt0PARKS CHARITABLE FOUNDATION IS ESTABLISHED FOR THE USE AND BENEFIT OF CLARKSVILLE ACADEMY, CLARKSVILLE TENNESSEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS CLARK NICHOLSON BRYCE POWERS JOHN WALLACE JR FORMER CHAIR BOARD MEMBER BOARD MEMBER CLARKSVILLE ACADEMY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLARK NICHOLSON CHARLSIE LANKFORD FORMER CHAIR BOARD MEMBER CLARKSVILLE ACADEMY BD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT IS HANDLED BY AN ADVISORY COMMITTEE AS STIPULATED BY THE TRUST AND CARRIED OUT BY THE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PLEASE SEE COPY OF TRUST AGREEMENT ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE TRUST AGREEMENT ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DECISIONS ARE MADE BY THE ADVISORY COMMITTEE. (A MINIMUM OF THREE PEOPLE AND POSSIBLY UP TO FIVE PEOPLE). THE TRUSTEE MAKES DISTRIBUTIONS OF NET INCOME, FOR THE USE AND BENEFIT OF THE CLARKSVILLE ACADEMEY AS DIRECTED BY THE ADVISORY COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7JACK MITCHELL 308 S SECOND STREET CLARKSVILLE, TN 37040
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THERE ARE NO SEPARATE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE FORM 990 IS REVIEWED AND SIGNED BY THE TRUSTEE AFTER PREPARATION BY AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE FORM 990 WILL BE AVAILABLE TO THE PUBLIC, UPON REQUEST, AT THE OFFICE OF PLANTERS TRUST 1312 SOUTH MAIN STREET HOPKINSVILLE, KY 42241 OR AT THE OFFICE OF JOHN L MITCHELL 308 S SECOND ST CLARKSVILLE, TN 37040.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11FEES SUBJ 2% 0 682 0 CHAR CONTR-CLKS ACAD FOUNDATI 711,559 0 0 TIMNG DIFFERENCE 0 -83 0 TOTAL 711,559 599 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12TIMING DIFFERENCE 0 CORRECTION TO ASSET COST VALUE 0
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THURMAN CAMPBELL GROUP PLC
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANCY L LADD
ReturnHeader/ReturnTs02024-06-04T09:36:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HANCOCK
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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