Civic Intelligence

Canton Academic Foundation Inc.

990 • Fiscal year 2020 • EIN 64-0435452

Jul 01, 2019 to Jun 30, 2020 • Filed on May 24, 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

0.70x

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

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

Liabilities / Revenue

79th percentile

0.59x

Higher debt load relative to revenue than 79% 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

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

58th percentile

5.1%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$2,220,489

Up $327,417 (+17%) from 2019

Net Assets

Up

$658,747

Up $49,907 (+8.2%) from 2019

Liabilities

Up

$1,561,742

Up $277,510 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin42nd percentile

Revenue

Up

$2,634,253

Up $128,726 (+5.1%) from 2019

Expenses

Down

$2,584,346

Down $84,027 (-3.1%) from 2019

Net Income

Up

$49,907

Up $212,753 (+131%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2020

Assets$2,220,489
Liabilities$1,561,742
Net Assets$658,747
Open 2020 Filing

Operations Trend

Revenue Growth58th 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

2020

Revenue$2,634,253
Expenses$2,584,346
Net Income$49,907
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 24, 2021
Return Version
2019v5.0
Gross Receipts
$2,634,253
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$1,542,641$1,478,958▼ $63,683
Cash and Non-Interest-Bearing Accounts$333,561$723,610▲ $390,049
Rtn Earn Endowment Incm Other Fnds$498,524$548,431▲ $49,907
Pd in Cap Srpls Land Bldg Eqp Fund$110,316$110,316→ $0
Accounts Receivable$11,141$13,531▲ $2,390
Intangible Assets$5,729$4,390▼ $1,339
Total Assets$1,893,072$2,220,489▲ $327,417
Liabilities
Mortgage Notes Payable Secured by Investment Property$689,192$653,816▼ $35,376
Other Liabilities$276,423$558,811▲ $282,388
Deferred Revenue$310,441$326,853▲ $16,412
Accounts Payable and Accrued Expenses$8,176$22,262▲ $14,086
Total Liabilities$1,284,232$1,561,742▲ $277,510
Net Assets / Fund Balance
Total Net Assets Fund Balance$608,840$658,747▲ $49,907
Total Liabilities and Net Assets / Fund Balance$1,893,072$2,220,489▲ $327,417

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,296,458$1,610,822$2,907,280
Land$182,500-$182,500
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Clay TaylorPresident
Tripp MccartyHead of Scho
Sonny GreenTreasurer
Stacey SandersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$11,650
Program Service Revenue
$2,622,603
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,650
Change in Net Assets
$49,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,542,168
Other Expenses$1,042,178
Total Fundraising Expense$220,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$998,833$432,319-$1,431,152
Occupancy$187,606--$187,606
All Other Expenses$93,143-$87,667$180,810
Other Expenses$122,543$128,136$133,284$122,543
Depreciation Depletion$116,539--$116,539
Payroll Taxes$111,016--$111,016
Insurance$40,125--$40,125
Total Functional Expenses$1,802,940$560,455$220,951$2,584,346
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
Ppp Loan$270,623
Trustmark Track Project Loan$188,870
Tax Liability$38,668
N/p Ford Credit 2018 Van$33,745
N/p Ford Credit$24,654
Insurance Payable$1,994
Garnishment Payable$257
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
2021-05-24

Organization Details

Principal Officer
Clay Taylor
Formed
1965
Voting Board Members
12
Independent Board Members
12
Employees
74
Volunteers
50

Preparer

Firm
Lightheart Sanders
Address
PO BOX 2385, MADISON, MS 39130-2385
Preparer
Kevin Lightheart
Phone
6018982727
Raw XML Appendix332 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/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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01893072
IRS990/TotalAssetsEOYAmt02220489
IRS990/TotalAssetsGrp/BOYAmt01893072
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011650
IRS990/TotalEmployeeCnt074
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0220951
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0560455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01802940
IRS990/TotalFunctionalExpensesGrp/TotalAmt02584346
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01284232
IRS990/TotalLiabilitiesEOYAmt01561742
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0608840
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IRS990/TotalProgramServiceExpensesAmt01802940
IRS990/TotalProgramServiceRevenueAmt02622603
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02622603
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01893072
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TRIPP MCCARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-24
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/PreparationDt02021-05-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN LIGHTHEART
ReturnHeader/ReturnTs02021-07-22T07:31:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,220,489
Liabilities
$1,561,742
Net assets
$658,747
Revenue
$2,634,253
Expenses
$2,584,346
Net income
$49,907
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