Civic Intelligence

Forrest County School District Foundation Inc.

990 • Fiscal year 2015 • EIN 64-0848854

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 10, 2015

Organization Profile
400 Forrest StHattiesburg, MS 39401

(601) 545-6055

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-24720%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-95%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$1,845

Down $1,691,326 (-100%) from 2014

Net Assets

Down

$1,845

Down $1,691,326 (-100%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$6,842

Down $136,693 (-95%) from 2014

Expenses

Up

$1,698,168

Up $1,686,770 (+14799%) from 2014

Net Income

Down

-$1,691,326

Down $1,823,463 (-1380%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,692,408Liabilities 2011: $388,059Net Assets 2011: $1,304,3492011Assets 2012: $1,692,408Liabilities 2012: $263,389Net Assets 2012: $1,429,0192012Assets 2013: $1,692,994Liabilities 2013: $131,960Net Assets 2013: $1,561,0342013Assets 2014: $1,693,171Liabilities 2014: $0Net Assets 2014: $1,693,1712014Assets 2015: $1,845Liabilities 2015: $0Net Assets 2015: $1,8452015Assets 2016: $1,732Liabilities 2016: $0Net Assets 2016: $1,7322016Assets 2017: $1,361Liabilities 2017: $0Net Assets 2017: $1,3612017Assets 2018: $2,266Liabilities 2018: $0Net Assets 2018: $2,2662018Assets 2019: $3,496Liabilities 2019: $0Net Assets 2019: $3,4962019Assets 2020: $16,976Liabilities 2020: $0Net Assets 2020: $16,9762020Assets 2021: $22,464Liabilities 2021: $0Net Assets 2021: $22,4642021Assets 2022: $19,667Liabilities 2022: $0Net Assets 2022: $19,6672022Assets 2023: $19,384Liabilities 2023: $0Net Assets 2023: $19,3842023Assets 2024: $17,574Liabilities 2024: $0Net Assets 2024: $17,5742024Assets 2025: $15,991Liabilities 2025: $0Net Assets 2025: $15,9912025

Highlighted filing

2015

Assets$1,845
Liabilities$0
Net Assets$1,845
Open 2015 Filing

Operations Trend

Revenue Growth2nd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $142,689Expenses 2011: $24,591Net Income 2011: $118,0982011Revenue 2012: $142,671Expenses 2012: $18,001Net Income 2012: $124,6702012Revenue 2013: $146,681Expenses 2013: $14,666Net Income 2013: $132,0152013Revenue 2014: $143,535Expenses 2014: $11,398Net Income 2014: $132,1372014Revenue 2015: $6,842Expenses 2015: $1,698,168Net Income 2015: -$1,691,3262015Revenue 2016: $5,408Expenses 2016: $5,520Net Income 2016: -$1122016Revenue 2017: $4,445Expenses 2017: $4,816Net Income 2017: -$3712017Revenue 2018: $7,585Expenses 2018: $6,680Net Income 2018: $9052018Revenue 2019: $8,077Expenses 2019: $6,850Net Income 2019: $1,2272019Revenue 2020: $33,020Expenses 2020: $19,540Net Income 2020: $13,4802020Revenue 2021: $11,427Expenses 2021: $5,938Net Income 2021: $5,4892021Revenue 2022: $7,193Expenses 2022: $9,990Net Income 2022: -$2,7972022Revenue 2023: $9,070Expenses 2023: $9,353Net Income 2023: -$2832023Revenue 2024: $5,854Expenses 2024: $7,664Net Income 2024: -$1,8102024Revenue 2025: $3,182Expenses 2025: $4,765Net Income 2025: -$1,5832025

Highlighted filing

2015

Revenue$6,842
Expenses$1,698,168
Net Income-$1,691,326
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$6,842
Mission and Program Overview

Mission

The Foundation provides support for the Forrest County Public School District in the form of equipment grants and facilities. The Foundation also supports the ediucational mission of the District in support of PBI programs and programs to increase parental involvment in the Forrest County Schools.

The Foundation provides support for the Forrest County School District in the form of equipment grants and facility improvements.The Foundation also supports the ediucational mission of the District in support of PBI programs and programs to increase parental involvment in the Forrest County Schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,693,171--
Land, Buildings, and Equipment, Net$1,691,339--
Savings and Temporary Cash Investments$1,832$1,845▲ $13
Rtn Earn Endowment Incm Other Fnds-$1,845-
Total Assets$1,693,171$1,845▼ $1,691,326
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,693,171$1,845▼ $1,691,326
Total Liabilities and Net Assets / Fund Balance$1,693,171$1,845▼ $1,691,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$-1,691,339-
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Charles McmahanDirector
Jason HeltonDirector
Lillie a MyersDirector
Ronnie PerkinsDirector
Sabrina MorseDirector
Brian FreemanCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$6,841
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$6,841
Change in Net Assets
$-1,691,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,691,339
Other Expenses$6,829
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,691,339--$1,691,339
Conferences and Meetings$6,829--$6,829
Total Functional Expenses$1,698,168$0$0$1,698,168
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Forrest County School DistrictHattiesburg, MS-To finance improvements and construction of Public School Buildings.-
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, Line 11

“The return is reviewed by the business manager and CEO prior to filing and presentation to the Board of Trustees.”

Form 990, Part VI, Section C, Line 19

“By compliance with the Mississippi Public records law. As a component unit of the Forrest County School District the Foundation must make its policies and procedures available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Forrest County School District Foundation Inc
EIN
64-0848854
Phone
6015456055
Address
400 FORREST ST, HATTIESBURG, MS 39401
Doing Business As
Forrest County School District Foundation

Signing Officer

Name
Brian Freeman
Title
President Superintendent of Educati
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Douglas K Handshoe CPA
Address
PO Box 788, Wiggins, MS 39577
Preparer
Douglas Handshoe
Phone
6019285380
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The original sales leaseback transaction between the Forrest County School District and the Forrest County School District Foundation has been contractually satisfied. This financing transaction undertaken under the authority of the Mississippi Code enabled the Foundation to borrow funds to finance new construction and renovations of public school facilities at all 6 of the Forrest County School Districts K-12 educational campuses. With the complete repayment of the loans which were used to finance the improvements, the related title to the facilities pledged by the Foundation to secure the financing reverts to the Forrest County School District.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The original sales leaseback transaction between the Forrest County School District and the Forrest County School District Foundation has been contractually satisfied. This financing transaction undertaken under the authority of the Mississippi Code enabled the Foundation to borrow funds to finance new construction and renovations of public school facilities at all 6 of the Forrest County School Districts K-12 educational campuses. With the complete repayment of the loans which were used to finance the improvements, the related title to the facilities pledged by the Foundation to secure the financing reverts to the Forrest County School District.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return is reviewed by the business manager and CEO prior to filing and presentation to the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2By compliance with the Mississippi Public records law. As a component unit of the Forrest County School District the Foundation must make its policies and procedures available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TotalAssetsEOYAmt01845
IRS990/TotalAssetsGrp/BOYAmt01693171
IRS990/TotalAssetsGrp/EOYAmt01845
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06841
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01698168
IRS990/TotalFunctionalExpensesGrp/TotalAmt01698168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01693171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01845
IRS990/TotalProgramServiceExpensesAmt01698168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06842
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01693171
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01845
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 FORREST STREET
IRS990/USAddress/CityNm0HATTIESBURG
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Freeman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT SUPERINTENDENT OF EDUCATI
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORREST COUNTY SCHOOL DISTRICT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FORR
ReturnHeader/Filer/EIN0640848854
ReturnHeader/Filer/PhoneNum06015456055
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 FORREST ST
ReturnHeader/Filer/USAddress/CityNm0HATTIESBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Douglas K Handshoe CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 788
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wiggins
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039577
ReturnHeader/PreparerPersonGrp/PhoneNum06019285380
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Douglas Handshoe
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-10T09:46:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,845
Liabilities
$0
Net assets
$1,845
Revenue
$6,842
Expenses
$1,698,168
Net income
-$1,691,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.03$0.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$1.70$1.69
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.14$0.01$0.13
2013Summary only. Only limited summary data is available for this year.$1.69$0.13$1.56$0.15$0.01$0.13
2012Summary only. Only limited summary data is available for this year.$1.69$0.26$1.43$0.14$0.02$0.12
2011Summary only. Only limited summary data is available for this year.$1.69$0.39$1.30$0.14$0.02$0.12