Civic Intelligence

Tupelo School District Learning Foundation

990 • Fiscal year 2019 • EIN 64-0804448

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 06, 2020

Organization ProfileN/A
201 South Green StreetTupelo, MS 38804

(662) 841-8968

Siviq Scores

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

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

100th percentile

127%

Higher net margin than 100% of similar nonprofits.

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

Top Officer Pay

68th percentile

$99,655

Higher top officer pay than 68% of similar nonprofits.

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

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,552,502

Down $56,703 (-3.5%) from 2018

Net Assets

Down

$1,468,847

Down $71,607 (-4.6%) from 2018

Liabilities

Up

$83,655

Up $14,904 (+22%) from 2018

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$56,508

Down $97,888 (-237%) from 2018

Expenses

Down

$15,099

Down $21,624 (-59%) from 2018

Net Income

Down

-$71,607

Down $76,264 (-1638%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,501,930Liabilities 2011: $90,930Net Assets 2011: $1,411,0002011Assets 2012: $1,441,666Liabilities 2012: $89,784Net Assets 2012: $1,351,8822012Assets 2013: $1,492,482Liabilities 2013: $82,236Net Assets 2013: $1,410,2462013Assets 2014: $1,559,395Liabilities 2014: $58,998Net Assets 2014: $1,500,3972014Assets 2015: $1,552,526Liabilities 2015: $70,852Net Assets 2015: $1,481,6742015Assets 2016: $1,586,852Liabilities 2016: $54,932Net Assets 2016: $1,531,9202016Assets 2017: $1,599,926Liabilities 2017: $64,129Net Assets 2017: $1,535,7972017Assets 2018: $1,609,205Liabilities 2018: $68,751Net Assets 2018: $1,540,4542018Assets 2019: $1,552,502Liabilities 2019: $83,655Net Assets 2019: $1,468,8472019Assets 2020: $1,604,174Liabilities 2020: $69,563Net Assets 2020: $1,534,6112020Assets 2021: $1,497,532Liabilities 2021: $73,361Net Assets 2021: $1,424,1712021Assets 2023: $1,392,087Liabilities 2023: $69,244Net Assets 2023: $1,322,8432023Assets 2024: $3,656,914Liabilities 2024: $29,479Net Assets 2024: $3,627,4352024Assets 2025: $3,694,045Liabilities 2025: $0Net Assets 2025: $3,694,0452025

Highlighted filing

2019

Assets$1,552,502
Liabilities$83,655
Net Assets$1,468,847
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: -$165,928Expenses 2011: $71,829Net Income 2011: -$237,7572011Revenue 2012: -$138,740Expenses 2012: $20,175Net Income 2012: -$158,9152012Revenue 2013: $91,455Expenses 2013: $33,091Net Income 2013: $58,3642013Revenue 2014: $135,786Expenses 2014: $45,635Net Income 2014: $90,1512014Revenue 2015: $24,597Expenses 2015: $80,839Net Income 2015: -$56,2422015Revenue 2016: $116,315Expenses 2016: $66,069Net Income 2016: $50,2462016Revenue 2017: -$59,279Expenses 2017: $26,299Net Income 2017: -$85,5782017Revenue 2018: $41,380Expenses 2018: $36,723Net Income 2018: $4,6572018Revenue 2019: -$56,508Expenses 2019: $15,099Net Income 2019: -$71,6072019Revenue 2020: $80,155Expenses 2020: $14,391Net Income 2020: $65,7642020Revenue 2021: $75,453Expenses 2021: $185,893Net Income 2021: -$110,4402021Revenue 2023: -$20,197Expenses 2023: $72,067Net Income 2023: -$92,2642023Revenue 2024: $2,391,775Expenses 2024: $87,183Net Income 2024: $2,304,5922024Revenue 2025: $133,234Expenses 2025: $66,624Net Income 2025: $66,6102025

Highlighted filing

2019

Revenue-$56,508
Expenses$15,099
Net Income-$71,607
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 6, 2020
Return Version
2018v3.2
Gross Receipts
$543,877
Mission and Program Overview

Mission

The organizations primary purpose is to enhance the quality of education in the Tupelo Public School District.

The organization's primary purpose is to enhance the quality of education in the tupelo public school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$842,288$842,288→ $0
Cash and Non-Interest-Bearing Accounts$722,429$675,367▼ $47,062
Prepaid Expenses and Deferred Charges$33,089$30,642▼ $2,447
Accounts Receivable$11,399$4,205▼ $7,194
Total Assets$1,609,205$1,552,502▼ $56,703
Liabilities
Accounts Payable and Accrued Expenses$68,751$83,655▲ $14,904
Total Liabilities$68,751$83,655▲ $14,904
Net Assets / Fund Balance
Unrestricted Net Assets$1,415,454$1,468,847▲ $53,393
Permanently Rstr Net Assets$125,000--
Total Net Assets Fund Balance$1,540,454$1,468,847▼ $71,607
Total Liabilities and Net Assets / Fund Balance$1,609,205$1,552,502▼ $56,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$642,000$2,568,000-
Land$200,000--
Equipment$288$28,554-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$125,920-▲ $1,044-$125,864
2017$125,906-▲ $514-$125,920
2016$126,753-▲ $253-$125,906
2015$127,194$300▲ $258-$126,753
2014$127,683-▲ $511-$127,194
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Dr Rob PicouSecretary$99,655$99,655

Board Members and Trustees

NameTitle
Sherry DavisPresident
Eddie PratherTrustee
Joseph BabbTrustee
Paul Mize IiiTrustee
Kenneth WheelerVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,405
Program Service Revenue
$0
Investment Income
$7,878
Other Revenue
$-67,791
All Other Contributions
$3,405
Change in Net Assets
$-71,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,099
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
Other Expenses$5,987--$5,987
Office Expenses$5,820--$5,820
Fees for Services Other$2,100--$2,100
Payment Travel Entrtnmnt Publicly Ofcl$1,192--$1,192
Total Functional Expenses$15,099$0$0$15,099
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The board of directors of the organization have the authority to appoint the superintendent of the tupelo public school district as an officer/secretary of the organization.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed for accuracy by the tupelo public school district's finance director and then submitted to the secretary of the board of directors for review and signature.”

Form 990, Page 6, Part VI, Line 12C

“Employees are obligated to disclose as soon as possible to the superintendent or designee potential conflicts of interest arising out of transactions, purchases, contracts and/or leases over which the employees have authority or influence. The superintendent is authorized to act upon such disclosures to institute safeguards to avoid or resolve conflicts of interest and to take appropriate disciplinary steps in the event of a failure to disclose potential conflicts or violations of this policy. The superintendent or designee, finance director, and administrative counsel shall keep the school board advised on conflicts of interest and their avoidance or resolution.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are available to the public upon request. The organization's financial statements are audited as part of a consolidated audit of the tupelo public school district and will be made available to the publice upon request and also available on the mississippi office of the state auditor's website once the audit is complete.”

Filing and Contact Details

Filer

Filer Name
Tupelo School District
EIN
64-0804448
Phone
6628418968
Address
201 SOUTH GREEN STREET, TUPELO, MS 38804

Signing Officer

Name
Sherry Davis
Title
President
Phone
6628418968
Signed
2020-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Rob Picou
Formed
1991
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Je Vance & Company Pa
Address
PO BOX 1280/825 JEFFERSON ST, TUPELO, MS 38802
Preparer
James E Vance
Phone
6628422123
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“SCHOLARSHIPS 2,100 0 0”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The organization awards scholarships to graduating seniors of tupelo high school. The board of directors of the organization is responsible for managing and investing the principal amount of the endowment to assure a maximum return. In accordance with the terms of the endowments, no portion of the total principal amount of 125,000 may ever be expended.”

Raw XML Appendix389 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AWARDS SCHOLARSHIPS TO GRADUATING SENIORS OF TUPELO HIGH SCHOOL. THE BOARD OF DIRECTORS OF THE ORGANIZATION IS RESPONSIBLE FOR MANAGING AND INVESTING THE PRINCIPAL AMOUNT OF THE ENDOWMENT TO ASSURE A MAXIMUM RETURN. IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENTS, NO PORTION OF THE TOTAL PRINCIPAL AMOUNT OF 125,000 MAY EVER BE EXPENDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE ORGANIZATION HAVE THE AUTHORITY TO APPOINT THE SUPERINTENDENT OF THE TUPELO PUBLIC SCHOOL DISTRICT AS AN OFFICER/SECRETARY OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED FOR ACCURACY BY THE TUPELO PUBLIC SCHOOL DISTRICT'S FINANCE DIRECTOR AND THEN SUBMITTED TO THE SECRETARY OF THE BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEES ARE OBLIGATED TO DISCLOSE AS SOON AS POSSIBLE TO THE SUPERINTENDENT OR DESIGNEE POTENTIAL CONFLICTS OF INTEREST ARISING OUT OF TRANSACTIONS, PURCHASES, CONTRACTS AND/OR LEASES OVER WHICH THE EMPLOYEES HAVE AUTHORITY OR INFLUENCE. THE SUPERINTENDENT IS AUTHORIZED TO ACT UPON SUCH DISCLOSURES TO INSTITUTE SAFEGUARDS TO AVOID OR RESOLVE CONFLICTS OF INTEREST AND TO TAKE APPROPRIATE DISCIPLINARY STEPS IN THE EVENT OF A FAILURE TO DISCLOSE POTENTIAL CONFLICTS OR VIOLATIONS OF THIS POLICY. THE SUPERINTENDENT OR DESIGNEE, FINANCE DIRECTOR, AND ADMINISTRATIVE COUNSEL SHALL KEEP THE SCHOOL BOARD ADVISED ON CONFLICTS OF INTEREST AND THEIR AVOIDANCE OR RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED AS PART OF A CONSOLIDATED AUDIT OF THE TUPELO PUBLIC SCHOOL DISTRICT AND WILL BE MADE AVAILABLE TO THE PUBLICE UPON REQUEST AND ALSO AVAILABLE ON THE MISSISSIPPI OFFICE OF THE STATE AUDITOR'S WEBSITE ONCE THE AUDIT IS COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIPS 2,100 0 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0646001141
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01552502
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SHERRY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06628418968
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TUPELO SCHOOL DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LEARNING FOUNDATION
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ReturnHeader/Filer/PhoneNum06628418968
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:26:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640789840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JE VANCE & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1280/825 JEFFERSON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUPELO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038802
ReturnHeader/PreparerPersonGrp/PhoneNum06628422123
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES E VANCE
ReturnHeader/ReturnTs02020-03-06T14:26:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,552,502
Liabilities
$83,655
Net assets
$1,468,847
Revenue
-$56,508
Expenses
$15,099
Net income
-$71,607
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$0.13$0.07$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.66$0.03$3.63$2.39$0.09$2.30
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.07$1.32$0.02$0.07$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.07$1.42$0.08$0.19$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.60$0.07$1.53$0.08$0.01$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.55$0.08$1.47$0.06$0.02$0.07
2018Summary only. Only limited summary data is available for this year.$1.61$0.07$1.54$0.04$0.04$0.00
2017Summary only. Only limited summary data is available for this year.$1.60$0.06$1.54$0.06$0.03$0.09
2016Summary only. Only limited summary data is available for this year.$1.59$0.05$1.53$0.12$0.07$0.05
2015Summary only. Only limited summary data is available for this year.$1.55$0.07$1.48$0.02$0.08$0.06
2014Summary only. Only limited summary data is available for this year.$1.56$0.06$1.50$0.14$0.05$0.09
2013Summary only. Only limited summary data is available for this year.$1.49$0.08$1.41$0.09$0.03$0.06
2012Summary only. Only limited summary data is available for this year.$1.44$0.09$1.35$0.14$0.02$0.16
2011Summary only. Only limited summary data is available for this year.$1.50$0.09$1.41$0.17$0.07$0.24