Civic Intelligence

Jones County Junior College Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0761646

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 07, 2018

900 South Court StreetEllisville, MS 39437

(601) 477-4000

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

30th percentile

$122,435

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

62nd percentile

5.1%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

74%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$12,437,848

Up $607,060 (+5.1%) from 2017

Net Assets

Up

$12,435,887

Up $613,849 (+5.2%) from 2017

Liabilities

Down

$1,961

Down $6,789 (-78%) from 2017

Revenue

Up

$1,858,567

Up $789,082 (+74%) from 2017

Expenses

Down

$869,678

Down $194,806 (-18%) from 2017

Net Income

Up

$988,889

Up $983,888 (+19674%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $8,790,695Liabilities 2011: $1,304Net Assets 2011: $8,789,3912011Assets 2012: $8,877,660Liabilities 2012: $0Net Assets 2012: $8,877,6602012Assets 2013: $9,382,160Liabilities 2013: $915Net Assets 2013: $9,381,2452013Assets 2014: $10,208,274Liabilities 2014: $453Net Assets 2014: $10,207,8212014Assets 2015: $10,807,984Liabilities 2015: $1,639Net Assets 2015: $10,806,3452015Assets 2016: $10,997,130Liabilities 2016: $1,875Net Assets 2016: $10,995,2552016Assets 2017: $11,830,788Liabilities 2017: $8,750Net Assets 2017: $11,822,0382017Assets 2018: $12,437,848Liabilities 2018: $1,961Net Assets 2018: $12,435,8872018Assets 2019: $13,553,480Liabilities 2019: $6,473Net Assets 2019: $13,547,0072019Assets 2020: $13,407,808Liabilities 2020: $30,904Net Assets 2020: $13,376,9042020Assets 2021: $16,568,394Liabilities 2021: $6,543Net Assets 2021: $16,561,8512021Assets 2022: $15,153,998Liabilities 2022: $9,853Net Assets 2022: $15,144,1452022Assets 2023: $15,962,728Liabilities 2023: $7,497Net Assets 2023: $15,955,2312023Assets 2024: $23,713,690Liabilities 2024: $1,769Net Assets 2024: $23,711,9212024

Highlighted filing

2018

Assets$12,437,848
Liabilities$1,961
Net Assets$12,435,887

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $825,6642011Revenue 2012: $1,190,235Expenses 2012: $1,098,611Net Income 2012: $91,6242012Revenue 2013: $975,311Expenses 2013: $875,515Net Income 2013: $99,7962013Revenue 2014: $1,513,780Expenses 2014: $952,091Net Income 2014: $561,6892014Revenue 2015: $2,364,680Expenses 2015: $976,998Net Income 2015: $1,387,6822015Revenue 2016: $1,140,686Expenses 2016: $985,522Net Income 2016: $155,1642016Revenue 2017: $1,069,485Expenses 2017: $1,064,484Net Income 2017: $5,0012017Revenue 2018: $1,858,567Expenses 2018: $869,678Net Income 2018: $988,8892018Revenue 2019: $1,471,000Expenses 2019: $868,701Net Income 2019: $602,2992019Revenue 2020: $1,286,519Expenses 2020: $1,456,622Net Income 2020: -$170,1032020Revenue 2021: $4,229,170Expenses 2021: $1,044,223Net Income 2021: $3,184,9472021Revenue 2022: $1,664,172Expenses 2022: $1,334,325Net Income 2022: $329,8472022Revenue 2023: $2,623,945Expenses 2023: $2,087,903Net Income 2023: $536,0422023Revenue 2024: $8,116,981Expenses 2024: $2,048,168Net Income 2024: $6,068,8132024

Highlighted filing

2018

Revenue$1,858,567
Expenses$869,678
Net Income$988,889
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$6,637,413
Mission and Program Overview

Mission

The mission of the foundation is to support and advance jones county junior college and its students through resource and relationship development with alumni, friends and community partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$10,809,040$10,306,244▼ $502,796
Savings and Temporary Cash Investments$819,229$1,928,685▲ $1,109,456
Land, Buildings, and Equipment, Net$201,999$201,999→ $0
Pledges and Grants Receivable$520$920▲ $400
Total Assets$11,830,788$12,437,848▲ $607,060
Liabilities
Accounts Payable and Accrued Expenses$8,750$1,961▼ $6,789
Total Liabilities$8,750$1,961▼ $6,789
Net Assets / Fund Balance
Permanently Rstr Net Assets$7,717,379$7,828,302▲ $110,923
Temporarily Rstr Net Assets$3,406,666$3,927,595▲ $520,929
Unrestricted Net Assets$697,993$679,990▼ $18,003
Total Net Assets Fund Balance$11,822,038$12,435,887▲ $613,849
Total Liabilities and Net Assets / Fund Balance$11,830,788$12,437,848▲ $607,060

Asset Categories

AssetBook ValueDepreciationBasis
Land$201,999-$201,999
Investment Program Related Org$158,618--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$10,185,987$164,023▲ $743,256$31,276$10,809,306
2016$9,308,843$216,008▲ $954,465$59,280$10,185,987
2015$9,232,254$122,928▲ $194,634$5,313$9,308,843
2014$8,778,722$339,849▲ $321,636$10,938$9,232,254
2013$7,806,295$184,914▲ $989,753$11,777$8,778,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Charlie GarrestsonExecutive DiPT$122,435$122,435

Board Members and Trustees

NameTitle
Robin J RobinsonPresident
Anita Shawn CrowderBoard Member
Ann TuckerBoard Member
Barbara SaulsBoard Member
Billy W HowardBoard Member
David GarnerBoard Member
Derek L YoungbloodBoard Member
Donald JordanBoard Member
Dr Jesse R SmithBoard Member
Howard PatrickBoard Member
Jennifer McdonaldBoard Member
Jerome HarlessBoard Member
Joe D Robinson JrBoard Member
Joel DunaginBoard Member
Joseph D FailBoard Member
Judge Shannon ClarkBoard Member
Kathy HarrisonBoard Member
Margaret Ann PickeringBoard Member
Mike EvansBoard Member
Rex GilbertBoard Member
Robert SullivanBoard Member
Wayne FolkesBoard Member
Jeff KeetonAg Tech Chai
Thomas M ThamesiiiSecretary/tr
Paul CulliverVice Preside
Sidney S Anderson JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$611,837
Program Service Revenue
$0
Investment Income
$1,246,730
Other Revenue
$0
All Other Contributions
$558,328
Change in Net Assets
$988,889

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 AmountValuation Method
Other Non Cash Contri Table1$64,059Comparable Sales
Other Non Cash Contri Table1$9,200Comparable Sales
Securities Publicly Traded1$5,315Public Market Quote
Total Noncash Contributions3$78,574-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,858,567
Revenue Not Reported on Form 990
$-399,963
Total Revenue per Audited Statements
$1,458,604
Total Revenue per Form 990
$1,858,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,132
Grants and Similar Amounts Paid$351,546
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$351,546--$351,546
Fees for Service Investment Mgmnt Fees$56,950--$56,950
Other Expenses$401,192$23,671-$23,671
Fees for Services Accounting-$18,965-$18,965
Insurance-$8,682-$8,682
Office Expenses-$8,672-$8,672
Total Functional Expenses$809,688$59,990$0$869,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$869,678
Total Expenses per Audited Statements$869,678
Total Expenses per Form 990$869,678
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,681
Fundraising Gross Income$16,681
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Athletic Drawdo$45,700$16,681$1,454$15,227
Total Events$45,700$16,681$16,681-
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

The accountant and director review the form 990. Subsequently the secretary /treasurer reviews the form 990 and then signs the return prior to filing.

Form 990, Page 6, Part VI, Line 19

These documents are available upon request

Filing and Contact Details

Filer

Filer Name
Jones County Junior College
EIN
64-0761646
Phone
6014774000
Address
900 SOUTH COURT STREET, ELLISVILLE, MS 39437

Signing Officer

Name
Thomas M Thamesiii
Title
Secretary/treasurer
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas M Thamesiii
Formed
1988
Legal Domicile
Ms
Voting Board Members
27
Independent Board Members
22
Employees
0

Preparer

Firm
Fortenberry & Ballard Pc
Address
1929 SPILLWAY ROAD, BRANDON, MS 39047
Preparer
Na Venator CPA
Phone
6019925292
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Support for jones county junior college

Form 990, Part XII

No change in committee oversight.

Financial Statement Notes

Schedule D, Page 4, Part XIII

The intended use of the organization's endowment funds is to provide scholarships to students of jones county junior college.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.7$0.00$23.7$8.12$2.05$6.07
2023Detailed filing. Detailed filing data is available for this year.$16.0$0.01$16.0$2.62$2.09$0.54
2022Detailed filing. Detailed filing data is available for this year.$15.2$0.01$15.1$1.66$1.33$0.33
2021Detailed filing. Detailed filing data is available for this year.$16.6$0.01$16.6$4.23$1.04$3.18
2020Detailed filing. Detailed filing data is available for this year.$13.4$0.03$13.4$1.29$1.46$0.17
2019Detailed filing. Detailed filing data is available for this year.$13.6$0.01$13.5$1.47$0.87$0.60
2018Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$1.86$0.87$0.99
2017Detailed filing. Detailed filing data is available for this year.$11.8$0.01$11.8$1.07$1.06$0.01
2016Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$1.14$0.99$0.16
2015Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$2.36$0.98$1.39
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$1.51$0.95$0.56
2013Summary only. Only limited summary data is available for this year.$9.38$0.00$9.38$0.98$0.88$0.10
2012Summary only. Only limited summary data is available for this year.$8.88$0.00$8.88$1.19$1.10$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$0.00$8.79$0.83