Civic Intelligence

Canton Academic Foundation Inc.

990 • Fiscal year 2021 • EIN 64-0435452

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 18, 2021

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

87th percentile

0.60x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.46x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

40th percentile

7.2%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

20th percentile

-2.0%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

8.4%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$2,175,148

Down $45,341 (-2.0%) from 2020

Net Assets

Up

$863,709

Up $204,962 (+31%) from 2020

Liabilities

Down

$1,311,439

Down $250,303 (-16%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin40th percentile

Revenue

Up

$2,855,790

Up $221,537 (+8.4%) from 2020

Expenses

Up

$2,650,828

Up $66,482 (+2.6%) from 2020

Net Income

Up

$204,962

Up $155,055 (+311%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2021

Assets$2,175,148
Liabilities$1,311,439
Net Assets$863,709
Open 2021 Filing

Operations Trend

Revenue Growth45th 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

2021

Revenue$2,855,790
Expenses$2,650,828
Net Income$204,962
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 18, 2021
Return Version
2020v4.0
Gross Receipts
$2,855,790
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$1,478,958$1,358,606▼ $120,352
Cash and Non-Interest-Bearing Accounts$723,610$806,986▲ $83,376
Rtn Earn Endowment Incm Other Fnds$548,431$753,393▲ $204,962
Pd in Cap Srpls Land Bldg Eqp Fund$110,316$110,316→ $0
Accounts Receivable$13,531$6,505▼ $7,026
Intangible Assets$4,390$3,051▼ $1,339
Total Assets$2,220,489$2,175,148▼ $45,341
Liabilities
Mortgage Notes Payable Secured by Investment Property$653,816$609,732▼ $44,084
Deferred Revenue$326,853$414,049▲ $87,196
Other Liabilities$558,811$279,774▼ $279,037
Accounts Payable and Accrued Expenses$22,262$7,884▼ $14,378
Total Liabilities$1,561,742$1,311,439▼ $250,303
Net Assets / Fund Balance
Total Net Assets Fund Balance$658,747$863,709▲ $204,962
Total Liabilities and Net Assets / Fund Balance$2,220,489$2,175,148▼ $45,341

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,176,106$1,731,174$2,907,280
Land$182,500-$182,500
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Stacey SandersPresident
Terry ParkinsonCo-treasurer
Tripp MccartyHead of Scho
Libby BradberryTreasurer
Danny SpiveyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$289,436
Program Service Revenue
$2,566,354
Investment Income
$0
Other Revenue
$0
All Other Contributions
$289,436
Change in Net Assets
$204,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,444,540
Other Expenses$1,206,288
Total Fundraising Expense$319,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$948,724$391,615-$1,340,339
Occupancy$236,243--$236,243
All Other Expenses$111,381$104,660-$216,041
Depreciation Depletion$121,691--$121,691
Other Expenses$120,527-$144,356$120,527
Payroll Taxes$104,201--$104,201
Insurance$45,208--$45,208
Total Functional Expenses$1,835,057$496,275$319,496$2,650,828
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$187,519
Tax Liability$38,676
N/p Ford Credit 2018 Van$27,149
N/p Ford Credit$17,111
5k Sponsors for 2021-2022$5,000
Insurance Payable$1,969
Designated Funds Brian Quayle$1,050
Hunter Penn Memorial$900
American Funds Retirement$400
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 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
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
Tripp Mccarty
Title
Head of Schools
Signed
2021-11-18

Organization Details

Principal Officer
Stacey Sanders
Formed
1965
Voting Board Members
12
Independent Board Members
12
Employees
84
Volunteers
50

Preparer

Firm
Lightheart Sanders
Address
PO BOX 2385, MADISON, MS 39130-2385
Preparer
Kevin Lightheart
Phone
6018982727
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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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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02220489
IRS990/TotalAssetsEOYAmt02175148
IRS990/TotalAssetsGrp/BOYAmt02220489
IRS990/TotalAssetsGrp/EOYAmt02175148
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0289436
IRS990/TotalEmployeeCnt084
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0319496
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0496275
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01835057
IRS990/TotalFunctionalExpensesGrp/TotalAmt02650828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01561742
IRS990/TotalLiabilitiesEOYAmt01311439
IRS990/TotalLiabilitiesGrp/BOYAmt01561742
IRS990/TotalLiabilitiesGrp/EOYAmt01311439
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0658747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0863709
IRS990/TotalProgramServiceExpensesAmt01835057
IRS990/TotalProgramServiceRevenueAmt02566354
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02566354
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02855790
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02220489
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02175148
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TRIPP MCCARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-18
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/PreparerFirmGrp/PreparerFirmEIN0640889251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIGHTHEART SANDERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2385
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391302385
ReturnHeader/PreparerPersonGrp/PhoneNum06018982727
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN LIGHTHEART
ReturnHeader/ReturnTs02021-12-13T13:40:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRIPP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCARTY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,175,148
Liabilities
$1,311,439
Net assets
$863,709
Revenue
$2,855,790
Expenses
$2,650,828
Net income
$204,962
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