Civic Intelligence

Wallace Community College Selma Foundation

990 • Fiscal year 2016 • EIN 63-0920650

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 18, 2016

Organization Profilen/a
PO Box 1571Selma, AL 36702-1571

(334) 876-9232

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

49th percentile

0.9%

Faster asset growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

63%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$350,541

Up $3,188 (+0.9%) from 2015

Net Assets

Up

$350,541

Up $6,188 (+1.8%) from 2015

Liabilities

Down

$0

Down $3,000 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin72nd percentile

Revenue

Up

$38,683

Up $14,893 (+63%) from 2015

Expenses

Up

$32,495

Up $20,251 (+165%) from 2015

Net Income

Down

$6,188

Down $5,358 (-46%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$600K$400K$200K$0Assets 2011: $331,994Liabilities 2011: $0Net Assets 2011: $331,9942011Assets 2012: $341,465Liabilities 2012: $0Net Assets 2012: $341,4652012Assets 2013: $342,472Liabilities 2013: $0Net Assets 2013: $342,4722013Assets 2014: $332,807Liabilities 2014: $0Net Assets 2014: $332,8072014Assets 2015: $347,353Liabilities 2015: $3,000Net Assets 2015: $344,3532015Assets 2016: $350,541Liabilities 2016: $0Net Assets 2016: $350,5412016Assets 2017: $363,727Liabilities 2017: $0Net Assets 2017: $363,7272017Assets 2018: $395,923Liabilities 2018: $0Net Assets 2018: $395,9232018Assets 2019: $396,524Liabilities 2019: $0Net Assets 2019: $396,5242019Assets 2020: $403,269Liabilities 2020: $0Net Assets 2020: $403,2692020Assets 2021: $425,088Liabilities 2021: $0Net Assets 2021: $425,0882021Assets 2022: $435,438Liabilities 2022: $0Net Assets 2022: $435,4382022Assets 2023: $466,905Liabilities 2023: $0Net Assets 2023: $466,9052023Assets 2024: $438,318Liabilities 2024: $0Net Assets 2024: $438,3182024Assets 2025: $505,096Liabilities 2025: $0Net Assets 2025: $505,0962025

Highlighted filing

2016

Assets$350,541
Liabilities$0
Net Assets$350,541
Open 2016 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2011: $18,8582011Expenses 2012: $20,9192012Expenses 2013: $22,1682013Revenue 2014: $19,825Expenses 2014: $29,490Net Income 2014: -$9,6652014Revenue 2015: $23,790Expenses 2015: $12,244Net Income 2015: $11,5462015Revenue 2016: $38,683Expenses 2016: $32,495Net Income 2016: $6,1882016Revenue 2017: $46,181Expenses 2017: $32,995Net Income 2017: $13,1862017Revenue 2018: $68,911Expenses 2018: $36,715Net Income 2018: $32,1962018Revenue 2019: $59,197Expenses 2019: $58,596Net Income 2019: $6012019Revenue 2020: $57,008Expenses 2020: $50,263Net Income 2020: $6,7452020Revenue 2021: $37,847Expenses 2021: $16,028Net Income 2021: $21,8192021Revenue 2022: $49,305Expenses 2022: $38,955Net Income 2022: $10,3502022Revenue 2023: $191,994Expenses 2023: $160,527Net Income 2023: $31,4672023Revenue 2024: $299,018Expenses 2024: $327,605Net Income 2024: -$28,5872024Revenue 2025: $311,634Expenses 2025: $244,856Net Income 2025: $66,7782025

Highlighted filing

2016

Revenue$38,683
Expenses$32,495
Net Income$6,188
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 18, 2016
Return Version
2015v3.0
Gross Receipts
$38,683
Mission and Program Overview

Mission

Provided Financial Assistance to Wallace Community College Selma through Academic Scholarships, and Support of various College Programs

To assist wallace community college selma in promoting, sponsoring, fostering and carrying out activities to broaden educational opportunities for and services to students and alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$305,171$305,171→ $0
Cash and Non-Interest-Bearing Accounts$42,182$45,370▲ $3,188
Total Assets$347,353$350,541▲ $3,188
Liabilities
Accounts Payable and Accrued Expenses$3,000--
Total Liabilities$3,000$0▼ $3,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$178,061$191,484▲ $13,423
Permanently Rstr Net Assets$125,806$125,806→ $0
Unrestricted Net Assets$40,486$33,251▼ $7,235
Total Net Assets Fund Balance$344,353$350,541▲ $6,188
Total Liabilities and Net Assets / Fund Balance$347,353$350,541▲ $3,188

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$305,171--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$336,953$25,636▲ $2,490-$350,629
2014$322,935$14,449▲ $740-$336,953
2013$331,577$12,085▲ $1,040$1,123$322,935
2012$325,582$12,688▲ $2,083$1,552$331,577
2011$324,295$13,216▲ $2,867$3,058$325,582
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Catesby Ap R JonesBoard Chairm
Forrest HatfieldBoard Member
Jacqueline SmithBoard Member
James BeardenBoard Member
Jo Celeste PettwayBoard Member
Johnny Moss SrBoard Member
Matt OaksBoard Member
Patricia HannonBoard Member
Ralph HobbsBoard Member
Virginia GloverBoard Member
James M MitchellBoard Presid
John CrearBoard Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$36,169
Program Service Revenue
$0
Investment Income
$2,514
Other Revenue
$0
All Other Contributions
$36,169
Change in Net Assets
$6,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,683
Total Revenue per Audited Statements
$38,683
Total Revenue per Form 990
$38,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,048
Grants and Similar Amounts Paid$14,447
Total Fundraising Expense$1,336
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$14,447--$14,447
Fees for Services Accounting-$4,500-$4,500
Office Expenses-$1,237$1,336$2,573
Other Expenses$530--$530
All Other Expenses-$152-$152
Total Functional Expenses$25,270$5,889$1,336$32,495

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$32,495
Total Expenses per Audited Statements$32,495
Total Expenses per Form 990$32,495
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wallace Community College SelmaSelma, ALGovTuition Scholarships$14,447
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
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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

“Return is reviewed and approved by board chairman and board finance committe before filing.”

Form 990, Page 6, Part VI, Line 15A

“The organization has no compensated employees. All work is performed by volunteers.”

Form 990, Page 6, Part VI, Line 15B

“The organization has no compensated employees. All work is performed by volunteers.”

Form 990, Page 6, Part VI, Line 19

“Public documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Wallace Community College
EIN
63-0920650
Phone
3348769232
Address
PO BOX 1571, SELMA, AL 36702-1571

Signing Officer

Name
Catesby Ap R Jones
Title
Board Chairman
Phone
3348769232
Signed
2016-02-18

Organization Details

Principal Officer
James M Mitchell
Formed
1989
Legal Domicile
Al
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Bob Roberts CPA Pc
Address
2800 ZELDA ROAD SUITE 200-8, MONTGOMERY, AL 36106-2686
Preparer
Bob Roberts CPA
Phone
3342726996
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“To provide tuition scholarships to students attending wallace community college selma”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO COMPENSATED EMPLOYEES. ALL WORK IS PERFORMED BY VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PUBLIC DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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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
$350,541
Liabilities
$0
Net assets
$350,541
Revenue
$38,683
Expenses
$32,495
Net income
$6,188
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$3.12$2.45$0.67
2024Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$2.99$3.28$0.29
2023Detailed filing. Detailed filing data is available for this year.$4.67$0.00$4.67$1.92$1.61$0.31
2022Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$0.49$0.39$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.38$0.16$0.22
2020Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$0.57$0.50$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.97$0.00$3.97$0.59$0.59$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$0.69$0.37$0.32
2017Detailed filing. Detailed filing data is available for this year.$3.64$0.00$3.64$0.46$0.33$0.13
2016Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.39$0.32$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.47$0.03$3.44$0.24$0.12$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.20$0.29$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$0.00$3.42$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.00$3.41$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.00$3.32$0.19