Civic Intelligence

Canton Academic Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0435452

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 27, 2018

Organization ProfileN/A
PO Box 116Canton, MS 39046

(601) 898-2727

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.58x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.35x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

66th percentile

10.0%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$1,816,455

Down $249,130 (-12%) from 2017

Net Assets

Up

$771,686

Up $154,686 (+25%) from 2017

Liabilities

Down

$1,044,769

Down $403,816 (-28%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin66th percentile

Revenue

Up

$3,027,751

Up $639,558 (+27%) from 2017

Expenses

Down

$2,726,287

Down $43,799 (-1.6%) from 2017

Net Income

Up

$301,464

Up $683,357 (+179%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,024,283Liabilities 2010: $1,628,837Net Assets 2010: $395,4462010Assets 2011: $1,795,301Liabilities 2011: $1,662,560Net Assets 2011: $132,7412011Assets 2012: $2,010,021Liabilities 2012: $1,610,282Net Assets 2012: $399,7392012Assets 2013: $2,187,018Liabilities 2013: $1,491,951Net Assets 2013: $695,0672013Assets 2014: $2,181,142Liabilities 2014: $1,471,463Net Assets 2014: $709,6792014Assets 2015: $2,306,487Liabilities 2015: $1,713,068Net Assets 2015: $593,4192015Assets 2016: $4,184,010Liabilities 2016: $3,184,920Net Assets 2016: $999,0902016Assets 2017: $2,065,585Liabilities 2017: $1,448,585Net Assets 2017: $617,0002017Assets 2018: $1,816,455Liabilities 2018: $1,044,769Net Assets 2018: $771,6862018Assets 2019: $1,893,072Liabilities 2019: $1,284,232Net Assets 2019: $608,8402019Assets 2020: $2,220,489Liabilities 2020: $1,561,742Net Assets 2020: $658,7472020Assets 2021: $2,175,148Liabilities 2021: $1,311,439Net Assets 2021: $863,7092021Assets 2022: $1,996,191Liabilities 2022: $1,306,141Net Assets 2022: $690,0502022Assets 2023: $3,228,201Liabilities 2023: $1,209,360Net Assets 2023: $2,018,8412023Assets 2024: $5,113,925Liabilities 2024: $3,149,578Net Assets 2024: $1,964,3472024

Highlighted filing

2018

Assets$1,816,455
Liabilities$1,044,769
Net Assets$771,686
Open 2018 Filing

Operations Trend

Revenue Growth79th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,280,8802010Expenses 2011: $2,337,1562011Revenue 2012: $2,689,967Expenses 2012: $2,422,965Net Income 2012: $267,0022012Revenue 2013: $2,805,668Expenses 2013: $2,537,822Net Income 2013: $267,8462013Revenue 2014: $2,187,494Expenses 2014: $2,290,603Net Income 2014: -$103,1092014Revenue 2015: $2,159,354Expenses 2015: $2,279,943Net Income 2015: -$120,5892015Revenue 2016: $2,752,608Expenses 2016: $2,348,406Net Income 2016: $404,2022016Revenue 2017: $2,388,193Expenses 2017: $2,770,086Net Income 2017: -$381,8932017Revenue 2018: $3,027,751Expenses 2018: $2,726,287Net Income 2018: $301,4642018Revenue 2019: $2,505,527Expenses 2019: $2,668,373Net Income 2019: -$162,8462019Revenue 2020: $2,634,253Expenses 2020: $2,584,346Net Income 2020: $49,9072020Revenue 2021: $2,855,790Expenses 2021: $2,650,828Net Income 2021: $204,9622021Revenue 2022: $2,619,516Expenses 2022: $2,793,175Net Income 2022: -$173,6592022Revenue 2023: $3,392,958Expenses 2023: $2,913,868Net Income 2023: $479,0902023Revenue 2024: $3,589,489Expenses 2024: $3,643,983Net Income 2024: -$54,4942024

Highlighted filing

2018

Revenue$3,027,751
Expenses$2,726,287
Net Income$301,464
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 27, 2018
Return Version
2017v2.3
Gross Receipts
$3,027,751
Mission and Program Overview

Mission

To educate students with varied learning experiences so that they may grow intellectually socially, morally, and physically.

To educate students with varied learning experiences so that they may grow intellectually, socially, morally, and physically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,420,689$1,373,296▼ $47,393
Rtn Earn Endowment Incm Other Fnds$506,684$661,370▲ $154,686
Cash and Non-Interest-Bearing Accounts$587,066$424,697▼ $162,369
Pd in Cap Srpls Land Bldg Eqp Fund$110,316$110,316→ $0
Accounts Receivable$49,424$11,394▼ $38,030
Intangible Assets$8,406$7,068▼ $1,338
Total Assets$2,065,585$1,816,455▼ $249,130
Liabilities
Mortgage Notes Payable Secured by Investment Property$890,061$734,043▼ $156,018
Deferred Revenue$447,422$260,111▼ $187,311
Other Liabilities$105,000$38,931▼ $66,069
Accounts Payable and Accrued Expenses$6,102$11,684▲ $5,582
Total Liabilities$1,448,585$1,044,769▼ $403,816
Net Assets / Fund Balance
Total Net Assets Fund Balance$617,000$771,686▲ $154,686
Total Liabilities and Net Assets / Fund Balance$2,065,585$1,816,455▼ $249,130

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,190,796$1,395,938$2,586,734
Land$182,500-$182,500
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Clay TaylorPresident
Ron JurneyHead of Scho
Sonny GreenTreasurer
Stacey SandersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$129,098
Program Service Revenue
$2,745,966
Investment Income
$0
Other Revenue
$152,687
All Other Contributions
$129,098
Change in Net Assets
$301,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,481,673
Other Expenses$1,244,614
Total Fundraising Expense$232,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$935,448$438,692-$1,374,140
Occupancy$220,917--$220,917
Other Expenses$170,019$191,298$194,674$170,019
All Other Expenses$111,862-$38,220$150,082
Payroll Taxes$103,763--$103,763
Depreciation Depletion$91,872--$91,872
Insurance$38,474--$38,474
Pension Plan Contributions$3,770--$3,770
Total Functional Expenses$1,863,403$629,990$232,894$2,726,287
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$152,687
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$152,687$152,687-$152,687
Total Events$152,687$152,687-$152,687
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p Ford Credit$37,977
Insurance Payable$587
Garnishment Payable$367
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 6

“All stockholders have voting rights. Stock is limited to one share per shareholder.”

Form 990, Page 6, Part VI, Line 7A

“Election is annual for a 3-year term.”

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

“The 990 is reviewed by headmaster and board of directors.”

Form 990, Page 6, Part VI, Line 12C

“The board has a conflict of interest policy and is reviewed annualy.”

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

“Compensation of headmaster is determined by the board.”

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

“DETERMINED BY THE BOARD.”

Form 990, Page 6, Part VI, Line 19

“Website and ms sec. Of state.”

Filing and Contact Details

Filer

Filer Name
Canton Academic Foundation Inc
EIN
64-0435452
Address
PO BOX 116, CANTON, MS 39046

Signing Officer

Name
Ron Jurney
Title
Head of Schools
Signed
2018-12-27

Organization Details

Principal Officer
Clay Taylor
Formed
1965
Voting Board Members
12
Independent Board Members
12
Employees
78

Preparer

Firm
Lightheart Sanders
Address
116 ONE MADISON PLZ STE 1200, MADISON, MS 39110-2025
Preparer
Kevin Lightheart
Phone
6018982727
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adjustment -146,778”

Raw XML Appendix347 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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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0152687
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL STOCKHOLDERS HAVE VOTING RIGHTS. STOCK IS LIMITED TO ONE SHARE PER SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION IS ANNUAL FOR A 3-YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY HEADMASTER AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS A CONFLICT OF INTEREST POLICY AND IS REVIEWED ANNUALY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF HEADMASTER IS DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE AND MS SEC. OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIOR PERIOD ADJUSTMENT -146,778
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02065585
IRS990/TotalAssetsEOYAmt01816455
IRS990/TotalAssetsGrp/BOYAmt02065585
IRS990/TotalAssetsGrp/EOYAmt01816455
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0129098
IRS990/TotalEmployeeCnt078
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0232894
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0629990
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01863403
IRS990/TotalFunctionalExpensesGrp/TotalAmt02726287
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01448585
IRS990/TotalLiabilitiesEOYAmt01044769
IRS990/TotalLiabilitiesGrp/BOYAmt01448585
IRS990/TotalLiabilitiesGrp/EOYAmt01044769
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0617000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0771686
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0195
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0195
IRS990/TotalProgramServiceExpensesAmt01863403
IRS990/TotalProgramServiceRevenueAmt02745966
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02745966
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03027751
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02065585
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01816455
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RON JURNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANTON ACADEMIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0640435452
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 116
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039046
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId035D3879163D6E86CE39169CEF1932A0DEFAB2344
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03D462B1B422E448D2DF2153B26D72EC4F72FFD3B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-01-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:46:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640889251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIGHTHEART SANDERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 ONE MADISON PLZ STE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391102025
ReturnHeader/PreparerPersonGrp/PhoneNum06018982727
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN LIGHTHEART
ReturnHeader/ReturnTs02019-01-10T15:46:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,816,455
Liabilities
$1,044,769
Net assets
$771,686
Revenue
$3,027,751
Expenses
$2,726,287
Net income
$301,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.11$3.15$1.96$3.59$3.64$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.23$1.21$2.02$3.39$2.91$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.00$1.31$0.69$2.62$2.79$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.18$1.31$0.86$2.86$2.65$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.22$1.56$0.66$2.63$2.58$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.89$1.28$0.61$2.51$2.67$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.82$1.04$0.77$3.03$2.73$0.30
2017Detailed filing. Detailed filing data is available for this year.$2.07$1.45$0.62$2.39$2.77$0.38
2016Summary only. Only limited summary data is available for this year.$4.18$3.18$1.00$2.75$2.35$0.40
2015Summary only. Only limited summary data is available for this year.$2.31$1.71$0.59$2.16$2.28$0.12
2014Summary only. Only limited summary data is available for this year.$2.18$1.47$0.71$2.19$2.29$0.10
2013Summary only. Only limited summary data is available for this year.$2.19$1.49$0.70$2.81$2.54$0.27
2012Summary only. Only limited summary data is available for this year.$2.01$1.61$0.40$2.69$2.42$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.66$0.13$2.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$1.63$0.40$2.28