Civic Intelligence

Ben & Laura Clare Parks Charitable Tr Foundation

990 • Fiscal year 2019 • EIN 62-6340858

Jan 01, 2019 to Dec 31, 2019 • Filed on May 01, 2020

Organization ProfileN/A
325 Commerce StreetClarksville, TN 37040

(270) 890-1612

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

2019 filings • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.00x

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

2019 filings • $500k-$1M nonprofits • Source year 2019

Net Margin

15th percentile

-27%

Higher net margin than 15% of similar nonprofits.

2019 filings • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2019 filings • $500k-$1M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.6%

Faster asset growth than 35% of similar nonprofits.

2019 filings • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-14%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$788,780

Down $12,487 (-1.6%) from 2018

Net Assets

Down

$788,780

Down $12,487 (-1.6%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin15th percentile

Revenue

Down

$45,659

Down $7,743 (-14%) from 2018

Expenses

Up

$58,061

Up $4,616 (+8.6%) from 2018

Net Income

Down

-$12,402

Down $12,359 (-28742%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$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

2019

Assets$788,780
Liabilities$0
Net Assets$788,780
Open 2019 Filing

Operations Trend

Revenue Growth22nd percentile

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

2019

Revenue$45,659
Expenses$58,061
Net Income-$12,402
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 1, 2020
Return Version
2019v5.0
Gross Receipts
$101,000
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$801,267$788,780▼ $12,487
Investments in Publicly Traded Securities$710,467$655,127▼ $55,340
Savings and Temporary Cash Investments$90,711$68,652▼ $22,059
Cash and Non-Interest-Bearing Accounts-$1-
Total Assets$801,267$788,780▼ $12,487
Other Assets Total$89$65,000▲ $64,911
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$801,267$788,780▼ $12,487
Total Liabilities and Net Assets / Fund Balance$801,267$788,780▼ $12,487

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$65,000--
Compensation and Service Providers
Top Officer Pay55th percentile

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
$45,659
Other Revenue
$0
Change in Net Assets
$-12,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,061
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
Benefits to Members$50,000--$50,000
Fees for Service Investment Mgmnt Fees-$4,432-$4,432
Fees for Services Other-$2,706-$2,706
Fees for Services Accounting-$850-$850
Payment Travel Entrtnmnt Publicly Ofcl-$73-$73
Total Functional Expenses$50,000$8,061$0$58,061
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, 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
2020-05-01
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 XI, Line 9

“TIMING DIFFERENCE -85”

Raw XML Appendix371 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/ExplanationTxt1CLARK NICHOLSON CHARLSIE LANKFORD FORMER CHAIR BOARD MEMBER CLARKSVILLE ACADEMY BD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT IS HANDLED BY AN ADVISORY COMMITTEE AS STIPULATED BY THE TRUST AND CARRIED OUT BY THE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PLEASE SEE COPY OF TRUST AGREEMENT ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE TRUST AGREEMENT ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DECISIONS 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/ExplanationTxt6JACK MITCHELL 308 S SECOND STREET CLARKSVILLE, TN 37040
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE ARE NO SEPARATE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FORM 990 IS REVIEWED AND SIGNED BY THE TRUSTEE AFTER PREPARATION BY AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 10B
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$788,780
Liabilities
$0
Net assets
$788,780
Revenue
$45,659
Expenses
$58,061
Net income
-$12,402
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