Civic Intelligence

Marshall County Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0470127

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

89th percentile

0.83x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.48x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$902,792

Up $113,252 (+14%) from 2017

Net Assets

Up

$149,792

Up $235,008 (+276%) from 2017

Liabilities

Down

$753,000

Down $121,756 (-14%) from 2017

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin40th percentile

Revenue

Up

$1,557,941

Up $192,351 (+14%) from 2017

Expenses

Up

$1,556,269

Up $291,222 (+23%) from 2017

Net Income

Down

$1,672

Down $98,871 (-98%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2018

Assets$902,792
Liabilities$753,000
Net Assets$149,792
Open 2018 Filing

Operations Trend

Revenue Growth69th 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

2018

Revenue$1,557,941
Expenses$1,556,269
Net Income$1,672
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,557,941
Mission and Program Overview

Mission

PRIVATE SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$455,249$529,028▲ $73,779
Cash and Non-Interest-Bearing Accounts$190,069$297,444▲ $107,375
Accounts Receivable$32,554$15,120▼ $17,434
Savings and Temporary Cash Investments$107,848$10,000▼ $97,848
Prepaid Expenses and Deferred Charges$3,620--
Total Assets$789,540$902,792▲ $113,252
Other Assets Total$200$51,200▲ $51,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$608,318$555,556▼ $52,762
Accounts Payable and Accrued Expenses$224,017$120,056▼ $103,961
Deferred Revenue$41,744$77,388▲ $35,644
Other Liabilities$677--
Total Liabilities$874,756$753,000▼ $121,756
Net Assets / Fund Balance
Unrestricted Net Assets$-157,875$97,026▲ $254,901
Temporarily Rstr Net Assets$72,659$52,766▼ $19,893
Total Net Assets Fund Balance$-85,216$149,792▲ $235,008
Total Liabilities and Net Assets / Fund Balance$789,540$902,792▲ $113,252

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,736$1,109,344$1,418,080
Equipment$141,270$824,429$965,699
Land$79,022-$79,022
Other Assets Org$200--
Compensation and Service Providers
Top Officer Pay35th 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
$118,012
Program Service Revenue
$1,439,548
Investment Income
$381
Other Revenue
$0
All Other Contributions
$118,012
Change in Net Assets
$1,672

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Residential1$51,000
Total Noncash Contributions1$51,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,557,941
Total Revenue per Audited Statements
$1,557,941
Total Revenue per Form 990
$1,557,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,150,655
Other Expenses$405,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$818,119$205,484-$1,023,603
Payroll Taxes$63,075$11,131-$74,206
All Other Expenses$70,264$300-$70,564
Depreciation Depletion$40,734--$40,734
Insurance$38,446--$38,446
Other Employee Benefits$31,069$5,483-$36,552
Other Expenses$34,895--$34,895
Interest$27,691--$27,691
Pension Plan Contributions$8,268$8,026-$16,294
Office Expenses$15,564--$15,564
Advertising$9,979--$9,979
Travel-$8,328-$8,328
Total Functional Expenses$1,317,517$238,752$0$1,556,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,556,269
Total Expenses per Audited Statements$1,556,269
Total Expenses per Form 990$1,556,269
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
Audit committee
Yes
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
2019-05-13
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 39773-1216
Preparer
Thomas a Davis CPA
Phone
6624945732
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“To adjust retiained earnings per audit report 233,336”

Raw XML AppendixShowing 400 of 426 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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IRS990/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED
IRS990/ProgramServiceRevenueGrp/Desc1CAFETERIA RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01351393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt188155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01351393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt188155
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt031512
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0126
IRS990/PYOtherExpensesAmt0290571
IRS990/PYProgramServiceRevenueAmt01333952
IRS990/PYRevenuesLessExpensesAmt0100543
IRS990/PYSalariesCompEmpBnftPaidAmt0974476
IRS990/PYTotalExpensesAmt01265047
IRS990/PYTotalRevenueAmt01365590
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01672
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308736
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01109344
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01418080
IRS990ScheduleD/EquipmentGrp/BookValueAmt0141270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0824429
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0965699
IRS990ScheduleD/ExpensesSubtotalAmt01556269
IRS990ScheduleD/LandGrp/BookValueAmt079022
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079022
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0(4) LOTS - KIRKWOOD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt01557941
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0529028
IRS990ScheduleD/TotalBookValueOtherAssetsAmt051200
IRS990ScheduleD/TotalExpensesPerForm990Amt01556269
IRS990ScheduleD/TotalRevenuePerForm990Amt01557941
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01557941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01556269
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt051000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/ExplanationTxt2TO ADJUST RETIAINED EARNINGS PER AUDIT REPORT 233,336
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt072659
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt052766
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0789540
IRS990/TotalAssetsEOYAmt0902792
IRS990/TotalAssetsGrp/BOYAmt0789540
IRS990/TotalAssetsGrp/EOYAmt0902792
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0118012
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0238752
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01317517
IRS990/TotalFunctionalExpensesGrp/TotalAmt01556269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0874756
IRS990/TotalLiabilitiesEOYAmt0753000
IRS990/TotalLiabilitiesGrp/BOYAmt0874756
IRS990/TotalLiabilitiesGrp/EOYAmt0753000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-85216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149792
IRS990/TotalProgramServiceExpensesAmt01317517
IRS990/TotalProgramServiceRevenueAmt01439548
IRS990/TotalRevenueGrp/ExclusionAmt0381
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01439548
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01557941
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0789540
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0902792
IRS990/TravelGrp/ManagementAndGeneralAmt08328
IRS990/TravelGrp/TotalAmt08328
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-157875
IRS990/UnrestrictedNetAssetsGrp/EOYAmt097026
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MR STEPHEN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06622523452
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALL COUNTY EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MARS
ReturnHeader/Filer/EIN0640470127

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$902,792
Liabilities
$753,000
Net assets
$149,792
Revenue
$1,557,941
Expenses
$1,556,269
Net income
$1,672
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