Civic Intelligence

Bacot Foundation of South Mississippi

990 • Fiscal year 2017 • EIN 64-0620054

Nov 01, 2016 to Oct 31, 2017 • Filed on Nov 15, 2017

1502 Jackson AvenuePascagoula, MS 39567

(228) 762-3311

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.05x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

30th percentile

-3.4%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

79th percentile

$74,500

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

39th percentile

-0.2%

Faster asset growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$596,922

Down $1,492 (-0.2%) from 2016

Net Assets

Down

$567,953

Down $18,703 (-3.2%) from 2016

Liabilities

Up

$28,969

Up $17,211 (+146%) from 2016

Revenue

Down

$551,709

Down $209,152 (-27%) from 2016

Expenses

Down

$570,412

Down $63,759 (-10%) from 2016

Net Income

Down

-$18,703

Down $145,393 (-115%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,137,948Liabilities 2011: $1,034Net Assets 2011: $1,136,9142011Assets 2012: $1,149,141Liabilities 2012: $130,105Net Assets 2012: $1,019,0362012Assets 2013: $1,097,685Liabilities 2013: $66,567Net Assets 2013: $1,031,1182013Assets 2014: $722,651Liabilities 2014: $82,190Net Assets 2014: $640,4612014Assets 2015: $490,895Liabilities 2015: $30,929Net Assets 2015: $459,9662015Assets 2016: $598,414Liabilities 2016: $11,758Net Assets 2016: $586,6562016Assets 2017: $596,922Liabilities 2017: $28,969Net Assets 2017: $567,9532017Assets 2018: $555,265Liabilities 2018: $23,485Net Assets 2018: $531,7802018Assets 2019: $768,443Liabilities 2019: $4,653Net Assets 2019: $763,7902019Assets 2020: $1,297,884Liabilities 2020: $41,241Net Assets 2020: $1,256,6432020Assets 2021: $1,484,651Liabilities 2021: $44,836Net Assets 2021: $1,439,8152021Assets 2022: $1,103,844Liabilities 2022: $27,881Net Assets 2022: $1,075,9632022Assets 2023: $894,280Liabilities 2023: $15,524Net Assets 2023: $878,7562023Assets 2024: $661,418Liabilities 2024: $8,424Net Assets 2024: $652,9942024Assets 2025: $3,101,025Liabilities 2025: $2,570Net Assets 2025: $3,098,4552025

Highlighted filing

2017

Assets$596,922
Liabilities$28,969
Net Assets$567,953

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $469,014Expenses 2011: $603,564Net Income 2011: -$134,5502011Revenue 2012: $498,136Expenses 2012: $526,104Net Income 2012: -$27,9682012Revenue 2013: $456,621Expenses 2013: $444,539Net Income 2013: $12,0822013Revenue 2014: $662,910Expenses 2014: $591,100Net Income 2014: $71,8102014Revenue 2015: $442,318Expenses 2015: $622,813Net Income 2015: -$180,4952015Revenue 2016: $760,861Expenses 2016: $634,171Net Income 2016: $126,6902016Revenue 2017: $551,709Expenses 2017: $570,412Net Income 2017: -$18,7032017Revenue 2018: $520,910Expenses 2018: $557,083Net Income 2018: -$36,1732018Revenue 2019: $651,742Expenses 2019: $419,322Net Income 2019: $232,4202019Revenue 2020: $1,012,809Expenses 2020: $519,956Net Income 2020: $492,8532020Revenue 2021: $977,472Expenses 2021: $794,329Net Income 2021: $183,1432021Revenue 2022: $439,896Expenses 2022: $803,749Net Income 2022: -$363,8532022Revenue 2023: $615,646Expenses 2023: $812,852Net Income 2023: -$197,2062023Revenue 2024: $582,819Expenses 2024: $808,582Net Income 2024: -$225,7632024Revenue 2025: $3,017,278Expenses 2025: $571,816Net Income 2025: $2,445,4622025

Highlighted filing

2017

Revenue$551,709
Expenses$570,412
Net Income-$18,703
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$551,709
Mission and Program Overview

Mission

The foundation's primary mission is to increase philanthropy by making grants to worthy causes with a continued focus on youth, education and the cultural arts, providing donor services; while promoting and providing leadership in response to the gulf coast region's changing needs.

The foundation which is organized for, and is operated exclusively for, charitable, literary and educational purposes; including, but not limited to, the encouragement of art and further education in jackson county and south mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$315,677$338,680▲ $23,003
Cash and Non-Interest-Bearing Accounts$260,737$236,242▼ $24,495
Land, Buildings, and Equipment, Net$22,000$22,000→ $0
Total Assets$598,414$596,922▼ $1,492
Liabilities
Accounts Payable and Accrued Expenses$11,758$28,969▲ $17,211
Total Liabilities$11,758$28,969▲ $17,211
Net Assets / Fund Balance
Unrestricted Net Assets$372,994$443,506▲ $70,512
Temporarily Rstr Net Assets$213,662$124,447▼ $89,215
Total Net Assets Fund Balance$586,656$567,953▼ $18,703
Total Liabilities and Net Assets / Fund Balance$598,414$596,922▼ $1,492

Asset Categories

AssetBook ValueDepreciationBasis
Land$22,000-$22,000
Other Securities$338,680--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd TrenchardExec. DirectFT$74,500$74,500

Board Members and Trustees

NameTitle
Rich WestfallChairman
Brad BradfordVice Chairma
Phillip PogueVice Chairma
Bobby EdwardsDirector
Brenda SimkinsDirector
Dr Randy RothDirector
General Jeff HammondDirector
Joe MartinDirector
Kevin HoferDirector
Lance MccartyDirector
Marshall SmithDirector
Melanie ClarkDirector
Paul ClarkDirector
Vince SchwartzDirector
Lee BondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$318,965
Program Service Revenue
$0
Investment Income
$27,547
Other Revenue
$205,197
All Other Contributions
$318,965
Change in Net Assets
$-18,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$311,002
Other Expenses$161,276
Total Fundraising Expense$122,805
Salaries, Compensation, and Employee Benefits$98,134
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$311,002--$311,002
Current Officers, Directors, Trustees, and Key Employees$48,425$18,625$7,450$74,500
Occupancy$15,855$7,927$2,642$26,424
Other Salaries and Wages$7,094$2,728$1,091$10,913
Other Employee Benefits$6,441$2,478$991$9,910
Fees for Services Accounting-$7,735-$7,735
Fees for Service Investment Mgmnt Fees-$3,821-$3,821
Advertising--$3,582$3,582
Payroll Taxes$1,827$703$281$2,811
Fees for Services Other$1,740$307-$2,047
Office Expenses$323$1,520$183$2,026
Insurance-$1,733-$1,733
All Other Expenses$172$714$674$1,560
Other Expenses$4,649$1,788$1,435$1,435
Total Functional Expenses$397,528$50,079$122,805$570,412
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Miscellaneous Non-profit GrantsPascagoula, MS501c3Educational$311,002
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$205,197
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$205,197$205,197-$205,197
Total Events$205,197$205,197-$205,197
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
Yes
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

Form 990 is presented to board of directors before it is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bacot Mccarty Foundation Inc
EIN
64-0620054
Address
1502 JACKSON AVENUE, PASCAGOULA, MS 39567

Signing Officer

Name
Todd Trenchard
Title
Exec. Director
Phone
2287623311
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Trenchard
Formed
2005
Legal Domicile
Ms
Voting Board Members
15
Independent Board Members
15
Employees
5

Preparer

Firm
Jason Keenum CPA Pa
Address
1509 JACKSON AVE, PASCAGOULA, MS 39567-4356
Preparer
Jason S Keenum CPA
Phone
2284715464
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation which is organized for, and is operated exclusively for, charitable, literary and educational purposes; including, but not limited to, the encouragement of art and further education in jackson county and south mississippi.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MISCELLANEOUS NON-PROFIT GRANTS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01502 JACKSON AVENUE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WHICH IS ORGANIZED FOR, AND IS OPERATED EXCLUSIVELY FOR, CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES; INCLUDING, BUT NOT LIMITED TO, THE ENCOURAGEMENT OF ART AND FURTHER EDUCATION IN JACKSON COUNTY AND SOUTH MISSISSIPPI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PRESENTED TO BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$3.02$0.57$2.45
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.65$0.58$0.81$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.88$0.62$0.81$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.03$1.08$0.44$0.80$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.04$1.44$0.98$0.79$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.26$1.01$0.52$0.49
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.76$0.65$0.42$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.02$0.53$0.52$0.56$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.03$0.57$0.55$0.57$0.02
2016Summary only. Only limited summary data is available for this year.$0.60$0.01$0.59$0.76$0.63$0.13
2015Summary only. Only limited summary data is available for this year.$0.49$0.03$0.46$0.44$0.62$0.18
2014Summary only. Only limited summary data is available for this year.$0.72$0.08$0.64$0.66$0.59$0.07
2013Summary only. Only limited summary data is available for this year.$1.10$0.07$1.03$0.46$0.44$0.01
2012Summary only. Only limited summary data is available for this year.$1.15$0.13$1.02$0.50$0.53$0.03
2011Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.47$0.60$0.13