Civic Intelligence

Canton Academic Foundation Inc.

990 • Fiscal year 2019 • EIN 64-0435452

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 24, 2019

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

86th percentile

0.68x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.51x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

25th percentile

-6.5%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

54th percentile

4.2%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,893,072

Up $76,617 (+4.2%) from 2018

Net Assets

Down

$608,840

Down $162,846 (-21%) from 2018

Liabilities

Up

$1,284,232

Up $239,463 (+23%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin25th percentile

Revenue

Down

$2,505,527

Down $522,224 (-17%) from 2018

Expenses

Down

$2,668,373

Down $57,914 (-2.1%) from 2018

Net Income

Down

-$162,846

Down $464,310 (-154%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2019

Assets$1,893,072
Liabilities$1,284,232
Net Assets$608,840
Open 2019 Filing

Operations Trend

Revenue Growth16th 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

2019

Revenue$2,505,527
Expenses$2,668,373
Net Income-$162,846
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 24, 2019
Return Version
2018v3.1
Gross Receipts
$2,505,527
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$1,373,296$1,542,641▲ $169,345
Rtn Earn Endowment Incm Other Fnds$661,370$498,524▼ $162,846
Cash and Non-Interest-Bearing Accounts$424,697$333,561▼ $91,136
Pd in Cap Srpls Land Bldg Eqp Fund$110,316$110,316→ $0
Accounts Receivable$11,394$11,141▼ $253
Intangible Assets$7,068$5,729▼ $1,339
Total Assets$1,816,455$1,893,072▲ $76,617
Liabilities
Mortgage Notes Payable Secured by Investment Property$734,043$689,192▼ $44,851
Deferred Revenue$260,111$310,441▲ $50,330
Other Liabilities$38,931$276,423▲ $237,492
Accounts Payable and Accrued Expenses$11,684$8,176▼ $3,508
Total Liabilities$1,044,769$1,284,232▲ $239,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$771,686$608,840▼ $162,846
Total Liabilities and Net Assets / Fund Balance$1,816,455$1,893,072▲ $76,617

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,360,141$1,495,622$2,855,763
Land$182,500-$182,500
Compensation and Service Providers
Top Officer Pay36th 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
$3,030
Program Service Revenue
$2,502,497
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,030
Change in Net Assets
$-162,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,539,537
Other Expenses$1,128,836
Total Fundraising Expense$215,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,017,786$409,581-$1,427,367
Occupancy$249,432--$249,432
All Other Expenses$130,894-$52,719$183,613
Other Expenses$124,988$135,868$162,802$124,988
Payroll Taxes$112,170--$112,170
Depreciation Depletion$101,023--$101,023
Insurance$38,733--$38,733
Total Functional Expenses$1,907,403$545,449$215,521$2,668,373
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
Trustmark Track Project Loan$198,926
Tax Liability$36,000
N/p Ford Credit$30,605
Deferred Donation$9,500
Garnishment Payable$749
Insurance Payable$643
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
2019-09-24

Organization Details

Principal Officer
Clay Taylor
Formed
1965
Voting Board Members
12
Independent Board Members
12
Employees
73
Volunteers
20

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 0”

Raw XML Appendix341 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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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 0
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalEmployeeCnt073
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0545449
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01907403
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IRS990/TotalLiabilitiesGrp/EOYAmt01284232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0771686
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IRS990/TotalProgramServiceRevenueAmt02502497
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02502497
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RON JURNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANTON ACADEMIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0640435452
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 116
ReturnHeader/Filer/USAddress/CityNm0CANTON
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BB858BA31F04699E906BF4765556342F31FF276D
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-10-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:40:24
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
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ReturnHeader/PreparerPersonGrp/PhoneNum06018982727
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN LIGHTHEART
ReturnHeader/ReturnTs02019-10-01T15:40:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,893,072
Liabilities
$1,284,232
Net assets
$608,840
Revenue
$2,505,527
Expenses
$2,668,373
Net income
-$162,846
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