Civic Intelligence

Wallace Community College Selma Foundation

990 • Fiscal year 2018 • EIN 63-0920650

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 23, 2018

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

62nd percentile

8.9%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$395,923

Up $32,196 (+8.9%) from 2017

Net Assets

Up

$395,923

Up $32,196 (+8.9%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin91st percentile

Revenue

Up

$68,911

Up $22,730 (+49%) from 2017

Expenses

Up

$36,715

Up $3,720 (+11%) from 2017

Net Income

Up

$32,196

Up $19,010 (+144%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2018

Assets$395,923
Liabilities$0
Net Assets$395,923
Open 2018 Filing

Operations Trend

Revenue Growth85th 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

2018

Revenue$68,911
Expenses$36,715
Net Income$32,196
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 23, 2018
Return Version
2017v2.3
Gross Receipts
$68,911
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$305,905▲ $734
Cash and Non-Interest-Bearing Accounts$58,556$90,018▲ $31,462
Total Assets$363,727$395,923▲ $32,196
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$207,922$251,431▲ $43,509
Permanently Rstr Net Assets$125,806$125,806→ $0
Unrestricted Net Assets$29,999$18,686▼ $11,313
Total Net Assets Fund Balance$363,727$395,923▲ $32,196
Total Liabilities and Net Assets / Fund Balance$363,727$395,923▲ $32,196

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$305,905--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$367,310$53,345▲ $3,757-$411,174
2016$350,629$27,947▲ $2,484-$367,310
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
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Catesby Ap R JonesBoard Chairm
Andy StewartBoard Member
Chad MceachernBoard Member
Darrell StewardBoard Member
Forrest HatfieldBoard Member
Irvin LovinggoodBoard Member
James BeardenBoard Member
James M MitchellBoard Member
Jo Celeste PettwayBoard Member
Johnny Moss SrBoard Member
Mandy HenryBoard Member
Matt OaksBoard Member
Patricia HannonBoard Member
Rosa SpencerBoard Member
Ralph HobbsBoard Secret
Randall MillerBoard Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$65,113
Program Service Revenue
$0
Investment Income
$3,798
Other Revenue
$0
All Other Contributions
$65,113
Change in Net Assets
$32,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$68,911
Total Revenue per Audited Statements
$68,911
Total Revenue per Form 990
$68,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,477
Grants and Similar Amounts Paid$13,238
Total Fundraising Expense$1,793
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$13,238--$13,238
Fees for Services Accounting-$4,650-$4,650
Office Expenses-$793$1,793$2,586
Other Expenses$766$818-$766
Total Functional Expenses$28,661$6,261$1,793$36,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,715
Total Expenses per Audited Statements$36,715
Total Expenses per Form 990$36,715
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
2018-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catesby Ap R Jones
Formed
1989
Legal Domicile
Al
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
17

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 academic scholarships to students attending wallace community college selma”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt023031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0186745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03798
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01060
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IRS990ScheduleA/PublicSupportCY170Pct00.94610
IRS990ScheduleA/PublicSupportPY170Pct00.94190
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt023031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018765
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0186745
IRS990ScheduleA/TotalSupportAmt0197390
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.08250
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0367310
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt053345
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0411174
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt013238
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03757
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0350629
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt027947
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0367310
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt013750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02484
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0336953
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt025636
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0350629
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt014450
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02490
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0322935
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt014449
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0336953
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01171
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0740
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0331577
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt012085
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0322935
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt020644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01123
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt036715
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0305905
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.30600
IRS990ScheduleD/RevenueSubtotalAmt068911
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ACADEMIC SCHOLARSHIPS TO STUDENTS ATTENDING WALLACE COMMUNITY COLLEGE SELMA
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.61150
IRS990ScheduleD/TotalBookValueProgramRltdAmt0305905
IRS990ScheduleD/TotalExpensesPerForm990Amt036715
IRS990ScheduleD/TotalRevenuePerForm990Amt068911
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt068911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt036715
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013238
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ACADEMIC SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WORKS CLOSELY WITH WALLACE COMMUNITY COLLEGE SELMA TO ENSURE THAT GRANTS TO THE COLLEGE AND ITS STUDENTS ARE AWARDED AND USED IN ACCORDANCE WITH THE STATED PURPOSE OF THE MISSION OF THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS REVIEWED AND APPROVED BY BOARD CHAIRMAN AND BOARD FINANCE COMMITTE BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMPENSATED EMPLOYEES. ALL WORK IS PERFORMED BY VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO COMPENSATED EMPLOYEES. ALL WORK IS PERFORMED BY VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PUBLIC DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0207922
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0251431
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0363727
IRS990/TotalAssetsEOYAmt0395923
IRS990/TotalAssetsGrp/BOYAmt0363727
IRS990/TotalAssetsGrp/EOYAmt0395923
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065113
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01793
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt028661
IRS990/TotalFunctionalExpensesGrp/TotalAmt036715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0363727
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0395923
IRS990/TotalProgramServiceExpensesAmt028661
IRS990/TotalRevenueGrp/ExclusionAmt03798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068911
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0363727
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0395923
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt029999
IRS990/UnrestrictedNetAssetsGrp/EOYAmt018686
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATESBY AP R JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03348769232
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALLACE COMMUNITY COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SELMA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WALL

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$395,923
Liabilities
$0
Net assets
$395,923
Revenue
$68,911
Expenses
$36,715
Net income
$32,196
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