Civic Intelligence

Biloxi First Inc.

990 • Fiscal year 2017 • EIN 64-0791608

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

Post Office Box 982Biloxi, MS 39533

(228) 374-1980

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

94th percentile

61%

Higher net margin than 94% 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

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

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

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

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

Assets

Up

$1,033,666

Up $96,037 (+10%) from 2016

Net Assets

Up

$1,033,666

Up $96,037 (+10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$157,636

Down $68,365 (-30%) from 2016

Expenses

Down

$61,599

Down $111,090 (-64%) from 2016

Net Income

Up

$96,037

Up $42,725 (+80%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $632,404Liabilities 2011: $0Net Assets 2011: $632,4042011Assets 2012: $686,354Liabilities 2012: $0Net Assets 2012: $686,3542012Assets 2013: $753,874Liabilities 2013: $0Net Assets 2013: $753,8742013Assets 2014: $807,000Liabilities 2014: $0Net Assets 2014: $807,0002014Assets 2015: $884,317Liabilities 2015: $0Net Assets 2015: $884,3172015Assets 2016: $937,629Liabilities 2016: $0Net Assets 2016: $937,6292016Assets 2017: $1,033,666Liabilities 2017: $0Net Assets 2017: $1,033,6662017Assets 2018: $1,155,881Liabilities 2018: $0Net Assets 2018: $1,155,8812018Assets 2019: $1,159,605Liabilities 2019: $0Net Assets 2019: $1,159,6052019Assets 2020: $1,140,097Liabilities 2020: $0Net Assets 2020: $1,140,0972020Assets 2021: $1,144,389Liabilities 2021: $0Net Assets 2021: $1,144,3892021Assets 2022: $1,152,163Liabilities 2022: $0Net Assets 2022: $1,152,1632022Assets 2023: $1,225,570Liabilities 2023: $0Net Assets 2023: $1,225,5702023Assets 2024: $1,237,645Liabilities 2024: $0Net Assets 2024: $1,237,6452024

Highlighted filing

2017

Assets$1,033,666
Liabilities$0
Net Assets$1,033,666

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $28,8972011Expenses 2012: $35,8532012Revenue 2013: $110,574Expenses 2013: $43,055Net Income 2013: $67,5192013Revenue 2014: $93,972Expenses 2014: $40,846Net Income 2014: $53,1262014Revenue 2015: $120,601Expenses 2015: $43,284Net Income 2015: $77,3172015Revenue 2016: $226,001Expenses 2016: $172,689Net Income 2016: $53,3122016Revenue 2017: $157,636Expenses 2017: $61,599Net Income 2017: $96,0372017Revenue 2018: $211,453Expenses 2018: $89,238Net Income 2018: $122,2152018Revenue 2019: $95,484Expenses 2019: $91,760Net Income 2019: $3,7242019Revenue 2020: $115,787Expenses 2020: $135,295Net Income 2020: -$19,5082020Revenue 2021: $99,719Expenses 2021: $95,428Net Income 2021: $4,2912021Revenue 2022: $85,926Expenses 2022: $78,152Net Income 2022: $7,7742022Revenue 2023: $140,802Expenses 2023: $67,395Net Income 2023: $73,4072023Revenue 2024: $159,803Expenses 2024: $147,728Net Income 2024: $12,0752024

Highlighted filing

2017

Revenue$157,636
Expenses$61,599
Net Income$96,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$1,050,433
Mission and Program Overview

Mission

The organization is dedicated to improving the biloxi schools' educational system.

To improve the city of biloxi's educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$937,629$1,033,666▲ $96,037
Investments Other Securities$794,003$885,916▲ $91,913
Cash and Non-Interest-Bearing Accounts$83,934$94,374▲ $10,440
Savings and Temporary Cash Investments$59,692$53,376▼ $6,316
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$937,629$1,033,666▲ $96,037
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$937,629$1,033,666▲ $96,037
Total Liabilities and Net Assets / Fund Balance$937,629$1,033,666▲ $96,037

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$259,042--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$804,351$50,000▲ $34,966-$884,634
2016$748,491$30,000▲ $30,716-$804,351
2015$701,979$30,000▲ $30,708-$748,491
2014$672,277$20,000▲ $13,745-$701,979
2013$656,813-▲ $19,281-$672,277
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff BankstonPresident
Arthur McmillanDirector
Bill BriscoeDirector
Chris MooreDirector
Damon PennyDirector
Dewey MasonDirector
Eric KravetteDirector
Gavin SchmidtDirector
Henry DickDirector
Jim SpiersDirector
Larry DrawdyDirector
Liz JoachimDirector
Paul a TisdaleDirector
Susan HuntDirector
Susan WalkerDirector
Tanner SwetmanDirector
Vincent CreelDirector
Kande Degrasse-steeleSecretary
Ann DenisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,095
Program Service Revenue
$0
Investment Income
$44,447
Other Revenue
$35,094
All Other Contributions
$62,580
Change in Net Assets
$96,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$2,937--$2,937
Insurance$556--$556
Other Expenses$400--$400
All Other Expenses$29--$29
Total Functional Expenses$61,599$0$0$61,599
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,875
Fundraising Direct Expenses$20,781
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Roast$55,875$55,875-$55,875
Total Events$55,875$55,875$20,781$35,094
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
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, Part VI, Section A, Line 6

Board members are members of the organization. Board members elect new members to the board.

Form 990, Part VI, Section A, Line 7A

Members are considered anyone that sends annual contributions.

Form 990, Part VI, Section B, Line 11B

The treasurer or secretary review the 990 before signing and filing.

Form 990, Part VI, Section C, Line 19

The organization does not have a conflict of interest policy. Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Biloxi First Inc
EIN
64-0791608
Phone
2283741980
Address
POST OFFICE BOX 982, BILOXI, MS 39533

Signing Officer

Name
Ann Denison
Title
Treasurer
Phone
2283882115
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Bankston
Formed
1989
Legal Domicile
Ms
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Firm
Piltz Williams Larosa & Co
Address
P O BOX 231, BILOXI, MS 39533
Preparer
Eric B Bland CPA
Phone
2283744141
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IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFF BANKSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0150TH CELEBRATION FUND IS USED FOR TEACHER RECRUITMENT AND RETENTION AT THE BILOXI SCHOOL DISTRICT
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047024
IRS990/ProgSrvcAccomActy3Grp/Desc0EXCEL BY 5 IS A COMMUNITY-BASED CERTIFICATION PROGRAM DESIGNED TO IMPROVE A CHILD'S OVERALL WELL-BEING BY AGE FIVE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05970
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0158641
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030767
IRS990/PYOtherExpensesAmt0172689
IRS990/PYOtherRevenueAmt036593
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt053312
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0172689
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0226001
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt096037
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0937629
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01033666
IRS990/SavingsAndTempCashInvstGrp/BOYAmt059692
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt078095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt058631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt062385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt047727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0302628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044448
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030767
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019282
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0129604
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70020
IRS990ScheduleA/PublicSupportPY170Pct00.70290
IRS990ScheduleA/PublicSupportTotal170Amt0302628
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt078095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt058631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt062385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt047727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055790
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0302628
IRS990ScheduleA/TotalSupportAmt0432232
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04683
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0804351
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0884634
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt034966
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04856
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0748491
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0804351
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030716
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt04833
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0701979
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0748491
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030708
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt04043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0672277
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt020000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0701979
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013745
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03817
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0656813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0672277
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019281
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt026132
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt143998
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt275000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3481744
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4259042
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2SAVINGS & CD'S
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CORPORATE OBLIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0885916
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020781
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ROAST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055875
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035094
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt020781
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt020781
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE MEMBERS OF THE ORGANIZATION. BOARD MEMBERS ELECT NEW MEMBERS TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE CONSIDERED ANYONE THAT SENDS ANNUAL CONTRIBUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER OR SECRETARY REVIEW THE 990 BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.00$1.24$0.16$0.15$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.14$0.07$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.09$0.08$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.10$0.10$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.12$0.14$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.10$0.09$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.21$0.09$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.16$0.06$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.23$0.17$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.12$0.04$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.09$0.04$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.11$0.04$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$0.03