Civic Intelligence

Marshall County Educational Foundation Inc.

990 • Fiscal year 2019 • EIN 64-0470127

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

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

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

0.53x

Higher debt load relative to revenue than 80% of similar nonprofits.

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

Net Margin

25th percentile

-6.3%

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

14th percentile

-7.9%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

27th percentile

-6.3%

Faster revenue growth than 27% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$831,575

Down $71,217 (-7.9%) from 2018

Net Assets

Down

$57,929

Down $91,863 (-61%) from 2018

Liabilities

Up

$773,646

Up $20,646 (+2.7%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin25th percentile

Revenue

Down

$1,459,674

Down $98,267 (-6.3%) from 2018

Expenses

Down

$1,551,537

Down $4,732 (-0.3%) from 2018

Net Income

Down

-$91,863

Down $93,535 (-5594%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2019

Assets$831,575
Liabilities$773,646
Net Assets$57,929
Open 2019 Filing

Operations Trend

Revenue Growth27th 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

2019

Revenue$1,459,674
Expenses$1,551,537
Net Income-$91,863
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$1,459,674
Mission and Program Overview

Mission

PRIVATE SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$529,028$483,122▼ $45,906
Cash and Non-Interest-Bearing Accounts$297,444$272,133▼ $25,311
Accounts Receivable$15,120$15,120→ $0
Savings and Temporary Cash Investments$10,000$10,000→ $0
Total Assets$902,792$831,575▼ $71,217
Other Assets Total$51,200$51,200→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$555,556$555,556→ $0
Accounts Payable and Accrued Expenses$120,056$140,702▲ $20,646
Deferred Revenue$77,388$77,388→ $0
Total Liabilities$753,000$773,646▲ $20,646
Net Assets / Fund Balance
Temporarily Rstr Net Assets$52,766$56,912▲ $4,146
Unrestricted Net Assets$97,026$1,017▼ $96,009
Total Net Assets Fund Balance$149,792$57,929▼ $91,863
Total Liabilities and Net Assets / Fund Balance$902,792$831,575▼ $71,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$433,122$1,979,679$2,412,801
Land$50,000-$50,000
Other Assets Org$200--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Mr Kent SmithPresident
Mr Bob LomenickDirector
Mr David FantDirector
Mr Jonathan BurchDirector
Mr Kizer JonesDirector
Mr Kurt SandersDirector
Mr Randy BrockDirector
Mr Steve MartinDirector
Mrs Cameron RheaDirector
Paul MckinneyDirector
Trina StricklandDirector
Mr Barry BurlesonSecretary
Mr Stephen SmithTreasurer
Mr Eddie BainVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$14,382
Program Service Revenue
$1,445,071
Investment Income
$221
Other Revenue
$0
All Other Contributions
$14,382
Change in Net Assets
$-91,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,459,674
Total Revenue per Audited Statements
$1,459,674
Total Revenue per Form 990
$1,459,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,233,190
Other Expenses$318,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$834,707$221,250-$1,055,957
Payroll Taxes$69,729$12,305-$82,034
Other Employee Benefits$45,094$7,958-$53,052
Depreciation Depletion$45,906--$45,906
Pension Plan Contributions$33,296$8,851-$42,147
All Other Expenses$41,298--$41,298
Insurance$38,780--$38,780
Other Expenses$17,177--$17,177
Office Expenses$11,459--$11,459
Travel-$10,528-$10,528
Interest$8,667--$8,667
Advertising$2,057--$2,057
Fees for Services Legal$1,281$226-$1,507
Total Functional Expenses$1,290,419$261,118$0$1,551,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,551,537
Total Expenses per Audited Statements$1,551,537
Total Expenses per Form 990$1,551,537
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
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 Stephen Smith
Title
Treasurer
Phone
6622523452
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Kent Smith
Formed
1965
Legal Domicile
Ms
Voting Board Members
14
Independent Board Members
14
Employees
59

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 1216, WEST POINT, MS 39773
Preparer
Thomas a Davis CPA
Phone
6624945732
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt033296
IRS990/PensionPlanContributionsGrp/TotalAmt042147
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MR KENT SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED
IRS990/ProgramServiceRevenueGrp/Desc1CAFETERIA RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01445021
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01445021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0118012
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0381
IRS990/PYOtherExpensesAmt0405614
IRS990/PYProgramServiceRevenueAmt01439548
IRS990/PYRevenuesLessExpensesAmt01672
IRS990/PYSalariesCompEmpBnftPaidAmt01150655
IRS990/PYTotalExpensesAmt01556269
IRS990/PYTotalRevenueAmt01557941
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-91863
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0433122
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01979679
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02412801
IRS990ScheduleD/ExpensesSubtotalAmt01551537
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0(4) LOTS - KIRKWOOD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt01459674
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0483122
IRS990ScheduleD/TotalBookValueOtherAssetsAmt051200
IRS990ScheduleD/TotalExpensesPerForm990Amt01551537
IRS990ScheduleD/TotalRevenuePerForm990Amt01459674
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01459674
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01551537
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt052766
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt056912
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0902792
IRS990/TotalAssetsEOYAmt0831575
IRS990/TotalAssetsGrp/BOYAmt0902792
IRS990/TotalAssetsGrp/EOYAmt0831575
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014382
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0261118
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01290419
IRS990/TotalFunctionalExpensesGrp/TotalAmt01551537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0753000
IRS990/TotalLiabilitiesEOYAmt0773646
IRS990/TotalLiabilitiesGrp/BOYAmt0753000
IRS990/TotalLiabilitiesGrp/EOYAmt0773646
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0149792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057929
IRS990/TotalProgramServiceExpensesAmt01290419
IRS990/TotalProgramServiceRevenueAmt01445071
IRS990/TotalRevenueGrp/ExclusionAmt0221
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01445071
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01459674
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0902792
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0831575
IRS990/TravelGrp/ManagementAndGeneralAmt010528
IRS990/TravelGrp/TotalAmt010528
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt097026
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01017
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 ACADEMY DRIVE
IRS990/USAddress/CityNm0HOLLY SPRINGS
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038635
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.MARSHALLACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MR STEPHEN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06622523452
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALL COUNTY EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MARS

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$831,575
Liabilities
$773,646
Net assets
$57,929
Revenue
$1,459,674
Expenses
$1,551,537
Net income
-$91,863
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