Civic Intelligence

Marshall County Educational Foundation Inc.

990 • Fiscal year 2017 • EIN 64-0470127

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

Organization ProfileWWW.MARSHALLACADEMY.COM

View Organization Page

100 Academy DriveHolly Springs, MS 38635

(662) 252-3452

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.11x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.64x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

61st percentile

7.4%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

53rd percentile

4.0%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$789,540

Up $30,660 (+4.0%) from 2016

Net Assets

Up

-$85,216

Up $100,543 (+54%) from 2016

Liabilities

Down

$874,756

Down $69,883 (-7.4%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin61st percentile

Revenue

Up

$1,365,590

Up $170,668 (+14%) from 2016

Expenses

Up

$1,265,047

Up $85,370 (+7.2%) from 2016

Net Income

Up

$100,543

Up $85,298 (+560%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $852,021Liabilities 2010: $752,345Net Assets 2010: $99,6762010Assets 2011: $835,460Liabilities 2011: $822,392Net Assets 2011: $13,0682011Assets 2012: $782,576Liabilities 2012: $906,341Net Assets 2012: -$123,7652012Assets 2013: $706,978Liabilities 2013: $771,642Net Assets 2013: -$64,6642013Assets 2014: $712,769Liabilities 2014: $855,205Net Assets 2014: -$142,4362014Assets 2015: $728,031Liabilities 2015: $929,035Net Assets 2015: -$201,0042015Assets 2016: $758,880Liabilities 2016: $944,639Net Assets 2016: -$185,7592016Assets 2017: $789,540Liabilities 2017: $874,756Net Assets 2017: -$85,2162017Assets 2018: $902,792Liabilities 2018: $753,000Net Assets 2018: $149,7922018Assets 2019: $831,575Liabilities 2019: $773,646Net Assets 2019: $57,9292019Assets 2020: $990,958Liabilities 2020: $1,024,553Net Assets 2020: -$33,5952020Assets 2021: $946,632Liabilities 2021: $775,309Net Assets 2021: $171,3232021Assets 2022: $1,171,139Liabilities 2022: $711,915Net Assets 2022: $459,2242022Assets 2023: $1,763,187Liabilities 2023: $265,831Net Assets 2023: $1,497,3562023Assets 2024: $1,856,508Liabilities 2024: $260,695Net Assets 2024: $1,595,8132024

Highlighted filing

2017

Assets$789,540
Liabilities$874,756
Net Assets-$85,216
Open 2017 Filing

Operations Trend

Revenue Growth67th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,815,5352010Expenses 2011: $1,649,9762011Expenses 2012: $1,474,5322012Expenses 2013: $1,593,7772013Revenue 2014: $1,409,943Expenses 2014: $1,487,715Net Income 2014: -$77,7722014Revenue 2015: $1,114,319Expenses 2015: $1,172,887Net Income 2015: -$58,5682015Revenue 2016: $1,194,922Expenses 2016: $1,179,677Net Income 2016: $15,2452016Revenue 2017: $1,365,590Expenses 2017: $1,265,047Net Income 2017: $100,5432017Revenue 2018: $1,557,941Expenses 2018: $1,556,269Net Income 2018: $1,6722018Revenue 2019: $1,459,674Expenses 2019: $1,551,537Net Income 2019: -$91,8632019Revenue 2020: $1,474,664Expenses 2020: $1,566,188Net Income 2020: -$91,5242020Revenue 2021: $1,892,684Expenses 2021: $1,687,766Net Income 2021: $204,9182021Revenue 2022: $2,154,088Expenses 2022: $1,866,187Net Income 2022: $287,9012022Revenue 2023: $3,614,399Expenses 2023: $2,576,267Net Income 2023: $1,038,1322023Revenue 2024: $2,517,176Expenses 2024: $2,418,719Net Income 2024: $98,4572024

Highlighted filing

2017

Revenue$1,365,590
Expenses$1,265,047
Net Income$100,543
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.1
Gross Receipts
$1,365,590
Mission and Program Overview

Mission

PRIVATE SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$485,801$455,249▼ $30,552
Cash and Non-Interest-Bearing Accounts$171,179$190,069▲ $18,890
Savings and Temporary Cash Investments$73,568$107,848▲ $34,280
Accounts Receivable$27,632$32,554▲ $4,922
Prepaid Expenses and Deferred Charges$500$3,620▲ $3,120
Total Assets$758,880$789,540▲ $30,660
Other Assets Total$200$200→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$582,283$608,318▲ $26,035
Accounts Payable and Accrued Expenses$315,189$224,017▼ $91,172
Deferred Revenue$47,167$41,744▼ $5,423
Other Liabilities-$677-
Total Liabilities$944,639$874,756▼ $69,883
Net Assets / Fund Balance
Temporarily Rstr Net Assets$78,159$72,659▼ $5,500
Unrestricted Net Assets$-263,918$-157,875▲ $106,043
Total Net Assets Fund Balance$-185,759$-85,216▲ $100,543
Total Liabilities and Net Assets / Fund Balance$758,880$789,540▲ $30,660

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$405,249$1,893,039$2,298,288
Land$50,000-$50,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mr Kent SmithPresident
Mr Barry BurlesonDirector
Mr Bob LomenickDirector
Mr Chris StephensonDirector
Mr David FantDirector
Mr Greg ShawDirector
Mr Jonathan BurchDirector
Mr Kizer JonesDirector
Mr Kurt SandersDirector
Mr Stephen SmithDirector
Mr Steve MartinDirector
Mr Tony FareseDirector
Mrs Cameron RheaDirector
Mrs Lisa FaulkenberyDirector
Mrs Alice RaySecretary
Mr Randy BrockTreasurer
Mr Eddie BainVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$31,512
Program Service Revenue
$1,333,952
Investment Income
$126
Other Revenue
$0
All Other Contributions
$31,512
Change in Net Assets
$100,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$974,476
Other Expenses$290,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$756,609$133,519-$890,128
Payroll Taxes$60,687$10,709-$71,396
Insurance$31,065$5,482-$36,547
Depreciation Depletion$33,433--$33,433
All Other Expenses$26,550$4,685-$31,235
Interest$18,685$3,297-$21,982
Other Expenses$14,101$2,489-$16,590
Pension Plan Contributions$10,701$1,889-$12,590
Fees for Services Legal$4,826$852-$5,678
Office Expenses$3,021$533-$3,554
Other Employee Benefits$308$54-$362
Total Functional Expenses$1,080,304$184,743$0$1,265,047
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
Due to Employees$677
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Access to the organization's documents is made available for public inspec tion upon request.”

Filing and Contact Details

Filer

Filer Name
Marshall County Educational
EIN
64-0470127
Phone
6622523452
Address
100 ACADEMY DRIVE, HOLLY SPRINGS, MS 38635

Signing Officer

Name
Mr Randy Brock
Title
Treasurer
Phone
6622523452
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Randy Brock
Formed
1965
Legal Domicile
Ms
Voting Board Members
17
Independent Board Members
17
Employees
51

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 1216, WEST POINT, MS 39773-1216
Preparer
Thomas a Davis CPA
Phone
6624945732
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IRS990/PayrollTaxesGrp/ProgramServicesAmt060687
IRS990/PayrollTaxesGrp/TotalAmt071396
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01889
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010701
IRS990/PensionPlanContributionsGrp/TotalAmt012590
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03620
IRS990/PrincipalOfficerNm0MR RANDY BROCK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED
IRS990/ProgramServiceRevenueGrp/Desc1CAFETERIA RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01259921
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt174031
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01259921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174031
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099944
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0124
IRS990/PYOtherExpensesAmt0264531
IRS990/PYProgramServiceRevenueAmt01094854
IRS990/PYRevenuesLessExpensesAmt015245
IRS990/PYSalariesCompEmpBnftPaidAmt0915146
IRS990/PYTotalExpensesAmt01179677
IRS990/PYTotalRevenueAmt01194922
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0100543
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073568
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107848
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0405249
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01893039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02298288
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO EMPLOYEES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0455249
IRS990ScheduleD/TotalLiabilityAmt0677
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/ExplanationTxt0ALL ADVERTISEMENTS,BROCHURES AND PAMPHLETS USED BY THE SCHOOL F OR SOLICITATION OF STUDENTS CONTAIN THE SCHOOL'S NONDISCRIMINAT ORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCESS TO THE ORGANIZATION'S DOCUMENTS IS MADE AVAILABLE FOR PUBLIC INSPEC TION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt078159
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt072659
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0758880
IRS990/TotalAssetsEOYAmt0789540
IRS990/TotalAssetsGrp/BOYAmt0758880
IRS990/TotalAssetsGrp/EOYAmt0789540
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031512
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01080304
IRS990/TotalFunctionalExpensesGrp/TotalAmt01265047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0944639
IRS990/TotalLiabilitiesEOYAmt0874756
IRS990/TotalLiabilitiesGrp/BOYAmt0944639
IRS990/TotalLiabilitiesGrp/EOYAmt0874756
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-185759
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-85216
IRS990/TotalProgramServiceExpensesAmt01080304
IRS990/TotalProgramServiceRevenueAmt01333952
IRS990/TotalRevenueGrp/ExclusionAmt0126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01333952
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01365590
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0758880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0789540
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-263918
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-157875
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03461 HWY 72
IRS990/USAddress/CityNm0HOLLY SPRINGS
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038635
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.MARSHALLACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MR RANDY BROCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06622523452
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALL COUNTY EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MARS
ReturnHeader/Filer/EIN0640470127
ReturnHeader/Filer/PhoneNum06622523452
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 ACADEMY DRIVE

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$789,540
Liabilities
$874,756
Net assets
-$85,216
Revenue
$1,365,590
Expenses
$1,265,047
Net income
$100,543
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.26$1.60$2.52$2.42$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.76$0.27$1.50$3.61$2.58$1.04
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.71$0.46$2.15$1.87$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.78$0.17$1.89$1.69$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.99$1.02$0.03$1.47$1.57$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.77$0.06$1.46$1.55$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.75$0.15$1.56$1.56$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.87$0.09$1.37$1.27$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.94$0.19$1.19$1.18$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.93$0.20$1.11$1.17$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.86$0.14$1.41$1.49$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.77$0.06$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.91$0.12$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.82$0.01$1.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.75$0.10$1.82