Civic Intelligence

Quitman County Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0432952

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 25, 2018

Organization Profile
P O Box 70Marks, MS 38646

(662) 326-8164

Siviq Scores

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

Liabilities / Assets

68th percentile

0.25x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.51x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$82,352

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

29th percentile

-3.6%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-7.6%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Flat

$2,138,889

Flat from 2018

Net Assets

Flat

$1,610,091

Flat from 2018

Liabilities

Flat

$528,798

Flat from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin17th percentile

Revenue

Flat

$1,033,637

Flat from 2018

Expenses

Flat

$1,185,928

Flat from 2018

Net Income

Flat

-$152,291

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,580,400Liabilities 2011: $116,637Net Assets 2011: $1,463,7632011Assets 2012: $1,508,914Liabilities 2012: $123,830Net Assets 2012: $1,385,0842012Assets 2013: $1,675,910Liabilities 2013: $125,895Net Assets 2013: $1,550,0152013Assets 2014: $1,833,655Liabilities 2014: $251,476Net Assets 2014: $1,582,1792014Assets 2015: $1,970,845Liabilities 2015: $343,988Net Assets 2015: $1,626,8572015Assets 2016: $2,156,306Liabilities 2016: $386,004Net Assets 2016: $1,770,3022016Assets 2017: $2,218,430Liabilities 2017: $456,048Net Assets 2017: $1,762,3822017Assets 2018: $2,138,889Liabilities 2018: $528,798Net Assets 2018: $1,610,0912018Assets 2018: $2,138,889Liabilities 2018: $528,798Net Assets 2018: $1,610,0912018Assets 2019: $2,096,059Liabilities 2019: $519,772Net Assets 2019: $1,576,2872019Assets 2020: $1,926,839Liabilities 2020: $750,347Net Assets 2020: $1,176,4922020Assets 2021: $1,974,437Liabilities 2021: $846,072Net Assets 2021: $1,128,3652021Assets 2022: $1,769,661Liabilities 2022: $642,639Net Assets 2022: $1,127,0222022Assets 2023: $1,924,388Liabilities 2023: $503,661Net Assets 2023: $1,420,7272023Assets 2024: $1,723,973Liabilities 2024: $387,488Net Assets 2024: $1,336,4852024Assets 2025: $1,703,887Liabilities 2025: $387,382Net Assets 2025: $1,316,5052025

Highlighted filing

2018

Assets$2,138,889
Liabilities$528,798
Net Assets$1,610,091
Open 2018 Filing

Operations Trend

Revenue Growth25th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $949,0772011Revenue 2012: $977,297Expenses 2012: $1,055,976Net Income 2012: -$78,6792012Expenses 2013: $1,079,6872013Revenue 2014: $1,100,573Expenses 2014: $1,068,409Net Income 2014: $32,1642014Revenue 2015: $1,085,833Expenses 2015: $1,041,155Net Income 2015: $44,6782015Revenue 2016: $1,263,034Expenses 2016: $1,119,589Net Income 2016: $143,4452016Revenue 2017: $1,119,131Expenses 2017: $1,127,051Net Income 2017: -$7,9202017Revenue 2018: $1,033,637Expenses 2018: $1,185,928Net Income 2018: -$152,2912018Revenue 2018: $1,033,637Expenses 2018: $1,185,928Net Income 2018: -$152,2912018Revenue 2019: $1,223,829Expenses 2019: $1,257,633Net Income 2019: -$33,8042019Revenue 2020: $747,037Expenses 2020: $1,146,832Net Income 2020: -$399,7952020Revenue 2021: $866,505Expenses 2021: $1,080,032Net Income 2021: -$213,5272021Revenue 2022: $1,043,828Expenses 2022: $1,210,573Net Income 2022: -$166,7452022Revenue 2023: $1,310,856Expenses 2023: $1,230,495Net Income 2023: $80,3612023Revenue 2024: $1,192,580Expenses 2024: $1,276,822Net Income 2024: -$84,2422024Revenue 2025: $1,223,070Expenses 2025: $1,243,050Net Income 2025: -$19,9802025

Highlighted filing

2018

Revenue$1,033,637
Expenses$1,185,928
Net Income-$152,291
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 25, 2018
Return Version
2017v2.2
Gross Receipts
$1,033,637
Mission and Program Overview

Mission

Administer and operate a school k-3 through 12>

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,762,382$1,610,091▼ $152,291
Investments Other Securities$1,473,043$1,345,458▼ $127,585
Savings and Temporary Cash Investments$515,916$564,193▲ $48,277
Land, Buildings, and Equipment, Net$198,217$171,597▼ $26,620
Accounts Receivable$30,279$43,261▲ $12,982
Cash and Non-Interest-Bearing Accounts$850$14,255▲ $13,405
Total Assets$2,218,430$2,138,889▼ $79,541
Other Assets Total$125$125→ $0
Liabilities
Accounts Payable and Accrued Expenses$407,276$466,192▲ $58,916
Other Liabilities$48,772$62,606▲ $13,834
Total Liabilities$456,048$528,798▲ $72,750
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,762,382$1,610,091▼ $152,291
Total Liabilities and Net Assets / Fund Balance$2,218,430$2,138,889▼ $79,541

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$-274,438$1,064,356-
Land$35,587--
Equipment$410,448--
Other Assets Org$125--
Other Securities$1,345,458--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Barrett FinnieHeadmasterFT$82,352$82,352

Board Members and Trustees

NameTitle
Eric PattersonPresident
Gerald WhiteVice-president
Donald H HaynesDirector
Michael R MillsDirector
Ray CrawfordDirector
Taylor SibleySecretary
William M GraeberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,121
Program Service Revenue
$760,955
Investment Income
$107,804
Other Revenue
$48,757
All Other Contributions
$116,121
Change in Net Assets
$-152,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$806,973
Other Expenses$376,955
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$596,886$142,207-$739,093
All Other Expenses$117,023$2,039-$119,062
Other Expenses$59,154$65,561-$59,154
Payroll Taxes$47,060$10,879-$57,939
Fees for Services Accounting-$29,250-$29,250
Depreciation Depletion-$27,319-$27,319
Insurance-$26,046-$26,046
Pension Plan Contributions$9,941--$9,941
Office Expenses-$7,291-$7,291
Payments to Affiliates$4,631--$4,631
Advertising-$3,244-$3,244
Grants to Domestic Orgs$2,000--$2,000
Total Functional Expenses$872,092$313,836$0$1,185,928
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition-patrons$42,656
Unearned Inc-reg Fee$19,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

“The parents of the students at quitman county educational foundation, inc. {delta academy} elects the board of dirctors of the school at the annual meeting in the sring of each year. The board of directors are elected on a staggered basis with some members of the board coming up for election each year.”

Governing body decisions Part VI line 7B

“If the patrons of the school do not approve the decisions that the board of directors make, they may go to the board meeting and appeal the decision. If they still do not receive the satisfaction that they desire, they may elect new directors whenever the directors term expires.”

Form 990 governing body review Part VI line 11

“This form 990 was presented to the board of directors and it was reviewed and discussed before the president of the board of directors signed the return.”

Conflict of interest policy compliance Part VI line 12C

“At the regular monthly board meetings, the directors of the school monitor and enforce compliance with the conflict of interest policy.”

Governing documents etc available to public Part VI line 19

“The organizations conflict of interest policy is made available to the public at the headmasters office located at the school. The financial statements are made available to the public at the accountants office at 244 east main street, marks, mississippi 38646.the organizations governing documents are made available to the public at the headmasters office at the school.”

Filing and Contact Details

Filer

Filer Name
Quitman County Educational Foundati
EIN
64-0432952
Address
P O BOX 70, MARKS, MS 38646

Signing Officer

Name
Eric Patterson
Title
President
Phone
6623266921
Signed
2018-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Patterson
Formed
1964
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
35

Preparer

Firm
Thomas E Clayton Jr Pllc
Address
PO BOX 301, Marks, MS 38646
Preparer
Thomas E Clayton Jr
Phone
6623266921
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Athletic suppples 27712utilities 49850taxes 319janitorial supples 7062”

Raw XML AppendixShowing 400 of 413 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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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0596886
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IRS990/PayrollTaxesGrp/ProgramServicesAmt047060
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IRS990/PensionPlanContributionsGrp/TotalAmt09941
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0410448
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01345458
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENTS OF THE STUDENTS AT QUITMAN COUNTY EDUCATIONAL FOUNDATION, INC. {DELTA ACADEMY} ELECTS THE BOARD OF DIRCTORS OF THE SCHOOL AT THE ANNUAL MEETING IN THE SRING OF EACH YEAR. THE BOARD OF DIRECTORS ARE ELECTED ON A STAGGERED BASIS WITH SOME MEMBERS OF THE BOARD COMING UP FOR ELECTION EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THE PATRONS OF THE SCHOOL DO NOT APPROVE THE DECISIONS THAT THE BOARD OF DIRECTORS MAKE, THEY MAY GO TO THE BOARD MEETING AND APPEAL THE DECISION. IF THEY STILL DO NOT RECEIVE THE SATISFACTION THAT THEY DESIRE, THEY MAY ELECT NEW DIRECTORS WHENEVER THE DIRECTORS TERM EXPIRES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS AND IT WAS REVIEWED AND DISCUSSED BEFORE THE PRESIDENT OF THE BOARD OF DIRECTORS SIGNED THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT THE REGULAR MONTHLY BOARD MEETINGS, THE DIRECTORS OF THE SCHOOL MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC AT THE HEADMASTERS OFFICE LOCATED AT THE SCHOOL. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ACCOUNTANTS OFFICE AT 244 EAST MAIN STREET, MARKS, MISSISSIPPI 38646.THE ORGANIZATIONS GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE HEADMASTERS OFFICE AT THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ATHLETIC SUPPPLES 27712UTILITIES 49850TAXES 319JANITORIAL SUPPLES 7062
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0872092
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC PATTERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06623266921
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUITMAN COUNTY EDUCATIONAL FOUNDATI
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ReturnHeader/FilingSecurityInformation/IPDt02018-09-17
ReturnHeader/FilingSecurityInformation/IPTm012:46:57

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,138,889
Liabilities
$528,798
Net assets
$1,610,091
Revenue
$1,033,637
Expenses
$1,185,928
Net income
-$152,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.39$1.32$1.22$1.24$0.02
2024Summary only. Only limited summary data is available for this year.$1.72$0.39$1.34$1.19$1.28$0.08
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.50$1.42$1.31$1.23$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.64$1.13$1.04$1.21$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.85$1.13$0.87$1.08$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$0.75$1.18$0.75$1.15$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.52$1.58$1.22$1.26$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.14$0.53$1.61$1.03$1.19$0.15
2018Summary only. Only limited summary data is available for this year.$2.14$0.53$1.61$1.03$1.19$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.46$1.76$1.12$1.13$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.39$1.77$1.26$1.12$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.34$1.63$1.09$1.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.25$1.58$1.10$1.07$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.13$1.55$1.08
2012Summary only. Only limited summary data is available for this year.$1.51$0.12$1.39$0.98$1.06$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.12$1.46$0.95