Civic Intelligence

Lula Rich Educational Foundation Inc.

990 • Fiscal year 2020 • EIN 64-0433661

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

415 Lee DriveClarksdale, MS 38614

(662) 627-7891

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.10x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

42nd percentile

1.9%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

56th percentile

8.5%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-2.5%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,224,168

Up $174,331 (+8.5%) from 2019

Net Assets

Up

$2,059,810

Up $32,856 (+1.6%) from 2019

Liabilities

Up

$164,358

Up $141,475 (+618%) from 2019

Revenue

Down

$1,728,610

Down $44,500 (-2.5%) from 2019

Expenses

Down

$1,695,754

Down $72,418 (-4.1%) from 2019

Net Income

Up

$32,856

Up $27,918 (+565%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,627,313Liabilities 2011: $226,765Net Assets 2011: $1,400,5482011Assets 2012: $2,482,528Liabilities 2012: $731,708Net Assets 2012: $1,750,8202012Assets 2013: $2,483,421Liabilities 2013: $406,908Net Assets 2013: $2,076,5132013Assets 2014: $2,497,807Liabilities 2014: $312,733Net Assets 2014: $2,185,0742014Assets 2015: $2,191,394Liabilities 2015: $148,050Net Assets 2015: $2,043,3442015Assets 2016: $2,160,742Liabilities 2016: $199,589Net Assets 2016: $1,961,1532016Assets 2017: $2,208,997Liabilities 2017: $172,834Net Assets 2017: $2,036,1632017Assets 2018: $2,134,641Liabilities 2018: $112,626Net Assets 2018: $2,022,0152018Assets 2019: $2,049,837Liabilities 2019: $22,883Net Assets 2019: $2,026,9542019Assets 2020: $2,224,168Liabilities 2020: $164,358Net Assets 2020: $2,059,8102020Assets 2021: $2,843,368Liabilities 2021: $186,150Net Assets 2021: $2,657,2182021Assets 2022: $2,922,953Liabilities 2022: $4,022Net Assets 2022: $2,918,9312022Assets 2023: $2,865,517Liabilities 2023: $14,370Net Assets 2023: $2,851,1472023Assets 2024: $2,889,808Liabilities 2024: $0Net Assets 2024: $2,889,8082024Assets 2025: $2,806,857Liabilities 2025: $0Net Assets 2025: $2,806,8572025

Highlighted filing

2020

Assets$2,224,168
Liabilities$164,358
Net Assets$2,059,810

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,459,226Expenses 2011: $2,299,024Net Income 2011: $160,2022011Revenue 2012: $2,881,522Expenses 2012: $2,531,250Net Income 2012: $350,2722012Revenue 2013: $2,886,035Expenses 2013: $2,560,342Net Income 2013: $325,6932013Revenue 2014: $2,592,435Expenses 2014: $2,483,874Net Income 2014: $108,5612014Revenue 2015: $2,591,135Expenses 2015: $2,732,865Net Income 2015: -$141,7302015Revenue 2016: $2,407,923Expenses 2016: $2,490,114Net Income 2016: -$82,1912016Revenue 2017: $1,893,590Expenses 2017: $1,818,580Net Income 2017: $75,0102017Revenue 2018: $1,717,726Expenses 2018: $1,731,874Net Income 2018: -$14,1482018Revenue 2019: $1,773,110Expenses 2019: $1,768,172Net Income 2019: $4,9382019Revenue 2020: $1,728,610Expenses 2020: $1,695,754Net Income 2020: $32,8562020Revenue 2021: $2,310,202Expenses 2021: $1,712,794Net Income 2021: $597,4082021Revenue 2022: $2,151,064Expenses 2022: $1,889,351Net Income 2022: $261,7132022Revenue 2023: $1,926,742Expenses 2023: $1,994,526Net Income 2023: -$67,7842023Revenue 2024: $1,975,665Expenses 2024: $1,937,004Net Income 2024: $38,6612024Revenue 2025: $1,966,960Expenses 2025: $2,049,911Net Income 2025: -$82,9512025

Highlighted filing

2020

Revenue$1,728,610
Expenses$1,695,754
Net Income$32,856
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,784,559
Mission and Program Overview

Mission

Private school grades seventh through twelfth grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,501,601$1,485,820▼ $15,781
Savings and Temporary Cash Investments$545,189$700,760▲ $155,571
Cash and Non-Interest-Bearing Accounts$3,047$37,588▲ $34,541
Total Assets$2,049,837$2,224,168▲ $174,331
Liabilities
Deferred Revenue$22,883$164,358▲ $141,475
Total Liabilities$22,883$164,358▲ $141,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,988,191$2,021,047▲ $32,856
Net Assets With Donor Restrictions$38,763$38,763→ $0
Total Net Assets Fund Balance$2,026,954$2,059,810▲ $32,856
Total Liabilities and Net Assets / Fund Balance$2,049,837$2,224,168▲ $174,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,333,684$1,919,596-
Other Land Buildings$3,464$173,873-
Land$88,271--
Equipment$60,401$679,749-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,138
Program Service Revenue
$1,255,600
Investment Income
$2,389
Other Revenue
$468,483
All Other Contributions
$2,138
Change in Net Assets
$32,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,118,117
Other Expenses$547,821
Grants and Similar Amounts Paid$29,816
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$665,748$375,245-$1,040,993
Depreciation Depletion$96,122--$96,122
Payroll Taxes$48,418$28,706-$77,124
Insurance$53,086--$53,086
Other Expenses$30,888--$30,888
Grants to Domestic Individuals$29,816--$29,816
Fees for Services Accounting$9,080--$9,080
Advertising$7,038--$7,038
Travel$6,186--$6,186
Total Functional Expenses$1,291,803$403,951$0$1,695,754
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$505,778
Fundraising Direct Expenses$55,949
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ag Day Auction$239,042$239,042$15,660$223,382
Annual Fund$155,410$155,410-$155,410
Total Events$505,778$505,778$55,949$449,829
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
Backup withholding compliance
Yes
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
No

Governance Explanations

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

The form 990 tax return is received by the governing body at their board meeting. A copy is given to the president of the board who looks at the form 990 and answers questions from board members and the public.

Form 990, Page 6, Part VI, Line 19

The public is advised when enrolling their children that the organization's financial statements are available for public inspection.

Filing and Contact Details

Filer

Filer Name
Lula Rich Educational Foundation
EIN
64-0433661
Phone
6626277891
Address
415 LEE DRIVE, CLARKSDALE, MS 38614

Signing Officer

Name
Terry Smith
Title
President
Phone
6626277891
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Smith
Formed
1969
Legal Domicile
Ms
Voting Board Members
12
Independent Board Members
12
Employees
38
Volunteers
20

Preparer

Firm
Walters & Balducci Pllc
Address
PO BOX 896, CLARKSDALE, MS 38614
Preparer
W L Walters CPA
Phone
6626246534
Supplemental Narrative

Additional Explanations

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

FOOD SERVICES

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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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04461
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt040426
IRS990/PYInvestmentIncomeAmt02061
IRS990/PYOtherExpensesAmt0524773
IRS990/PYOtherRevenueAmt0404741
IRS990/PYProgramServiceRevenueAmt01361847
IRS990/PYRevenuesLessExpensesAmt04938
IRS990/PYSalariesCompEmpBnftPaidAmt01202973
IRS990/PYTotalExpensesAmt01768172
IRS990/PYTotalRevenueAmt01773110
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt032856
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01058977
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0545189
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0700760
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01333684
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01919596
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03253280
IRS990ScheduleD/EquipmentGrp/BookValueAmt060401
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0679749
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0740150
IRS990ScheduleD/LandGrp/BookValueAmt088271
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt088271
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03464
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0173873
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0177337
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01485820
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS PUBLISHED ITS NONDISCRIMINATION POLICY IN THE LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt055949
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AG DAY AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FUND
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0239042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0155410
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0111326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0505778
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0239042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0155410
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0111326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0505778
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0449829
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt040289
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt055949
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015660
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt08
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS-FACULTY CHILDREN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt08366
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt121450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION DISCOUN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt116
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOOD SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 TAX RETURN IS RECEIVED BY THE GOVERNING BODY AT THEIR BOARD MEETING. A COPY IS GIVEN TO THE PRESIDENT OF THE BOARD WHO LOOKS AT THE FORM 990 AND ANSWERS QUESTIONS FROM BOARD MEMBERS AND THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PUBLIC IS ADVISED WHEN ENROLLING THEIR CHILDREN THAT THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02049837
IRS990/TotalAssetsEOYAmt02224168
IRS990/TotalAssetsGrp/BOYAmt02049837
IRS990/TotalAssetsGrp/EOYAmt02224168
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02138
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0403951
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01291803
IRS990/TotalFunctionalExpensesGrp/TotalAmt01695754
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022883
IRS990/TotalLiabilitiesEOYAmt0164358
IRS990/TotalLiabilitiesGrp/BOYAmt022883
IRS990/TotalLiabilitiesGrp/EOYAmt0164358
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02026954
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02059810
IRS990/TotalOtherProgSrvcRevenueAmt03015
IRS990/TotalProgramServiceExpensesAmt01291803
IRS990/TotalProgramServiceRevenueAmt01255600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01276643
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01728610
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02049837
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02224168
IRS990/TravelGrp/ProgramServicesAmt06186
IRS990/TravelGrp/TotalAmt06186
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 SALMON ROAD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$1.97$2.05$0.08
2024Detailed filing. Detailed filing data is available for this year.$2.89$0.00$2.89$1.98$1.94$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.85$1.93$1.99$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$2.15$1.89$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.84$0.19$2.66$2.31$1.71$0.60
2020Detailed filing. Detailed filing data is available for this year.$2.22$0.16$2.06$1.73$1.70$0.03
2019Summary only. Only limited summary data is available for this year.$2.05$0.02$2.03$1.77$1.77$0.00
2018Summary only. Only limited summary data is available for this year.$2.13$0.11$2.02$1.72$1.73$0.01
2017Summary only. Only limited summary data is available for this year.$2.21$0.17$2.04$1.89$1.82$0.08
2016Summary only. Only limited summary data is available for this year.$2.16$0.20$1.96$2.41$2.49$0.08
2015Summary only. Only limited summary data is available for this year.$2.19$0.15$2.04$2.59$2.73$0.14
2014Summary only. Only limited summary data is available for this year.$2.50$0.31$2.19$2.59$2.48$0.11
2013Summary only. Only limited summary data is available for this year.$2.48$0.41$2.08$2.89$2.56$0.33
2012Summary only. Only limited summary data is available for this year.$2.48$0.73$1.75$2.88$2.53$0.35
2011Summary only. Only limited summary data is available for this year.$1.63$0.23$1.40$2.46$2.30$0.16