Civic Intelligence

The Belhaven College Foundation

990 • Fiscal year 2014 • EIN 64-0887036

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

Organization Profilewww.belhaven.edu
1500 Peachtree StSuiteJackson, MS 39202

(601) 968-8778

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

92nd percentile

49%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$445,218

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 3194.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-50%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $441,673 (-100%) from 2013

Net Assets

Up

$0

Up $1,959,447 (+100%) from 2013

Liabilities

Down

$0

Down $2,401,120 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin92nd percentile

Revenue

Down

$13,937

Down $13,676 (-50%) from 2013

Expenses

Down

$7,096

Down $8,029 (-53%) from 2013

Net Income

Down

$6,841

Down $5,647 (-45%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: -$99,431Liabilities 2010: $2,408,296Net Assets 2010: -$2,507,7272010Assets 2011: -$163,920Liabilities 2011: $2,409,620Net Assets 2011: -$2,573,5402011Assets 2012: $415,478Liabilities 2012: $2,408,296Net Assets 2012: -$1,992,8182012Assets 2013: $441,673Liabilities 2013: $2,401,120Net Assets 2013: -$1,959,4472013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue Growth9th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2010: -$63,574Expenses 2010: $13,040Net Income 2010: -$76,6142010Expenses 2011: $19,2292011Revenue 2012: $676,974Expenses 2012: $80,717Net Income 2012: $596,2572012Revenue 2013: $27,613Expenses 2013: $15,125Net Income 2013: $12,4882013Revenue 2014: $13,937Expenses 2014: $7,096Net Income 2014: $6,8412014

Highlighted filing

2014

Revenue$13,937
Expenses$7,096
Net Income$6,841
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$143,145
Mission and Program Overview

Mission

To promote, manage, support, maintain,foster and perpetuate, within legal limitations, christian education by providing assistance to belhaven college and other charitable organizations.

To promote, manage, support, maintain, foster and perpetuate, within legal limitations, christian education by providing assistance to belhaven college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$383,588$0▼ $383,588
Intangible Assets$33,284$0▼ $33,284
Cash and Non-Interest-Bearing Accounts$24,801$0▼ $24,801
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$441,673$0▼ $441,673
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,401,120$0▼ $2,401,120
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,401,120$0▼ $2,401,120
Net Assets / Fund Balance
Permanently Rstr Net Assets$243,906$0▼ $243,906
Temporarily Rstr Net Assets$236,198$0▼ $236,198
Unrestricted Net Assets$-2,439,551$0▲ $2,439,551
Total Net Assets Fund Balance$-1,959,447$0▲ $1,959,447
Total Liabilities and Net Assets / Fund Balance$441,673$0▼ $441,673

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$383,588-▲ $15,952$55,435$343,111
2013$349,185-▲ $36,550-$383,588
2012$332,651-▲ $18,421-$349,185
2011$350,857-▼ $16,455-$332,651
2010$359,998-▼ $7,398-$354,343
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kevin RussellVP/directorPT$133,491$133,491
Virginia HendersonSec-treasurer/director-$120,864$120,864
Jeff RickelsDirector-$104,075$104,075
David PotvinDirector-$84,373$84,373

Board Members and Trustees

NameTitle
Dr Roger ParrottPresident/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,937
Other Revenue
$0
Change in Net Assets
$6,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,000
Other Expenses$3,096
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,000--$4,000
Depreciation Depletion-$2,102-$2,102
Fees for Service Investment Mgmnt Fees-$994-$994
Total Functional Expenses$4,000$3,096$0$7,096
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of the 990 is provided to all board members for their review and approval before it is filed by the organization.”

Form 990, Page 6, Part VI, Section B, Line 12C:

“All officers and directors are required to disclose any conflicts of interest by completing a questionnaire annually. The organization is able to consistently monitor and enforce compliance with the conflict of interest policy through review and discussion of the questionnaires as submitted. The questionnaires are reviewed by the cfo. If a conflict arises the interested member is required to disclose the conflict/potential conflict. Furthermore, the interested member is prohibited from voting on any matters related to the conflict/potential conflict.”

Form 990, Page 6, Part VI, Section C, Line 19:

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. All requests are handled timely by the vice chair and/or the person who holds the books and records of the organization.”

Form 990, Page 7, Part VII, Section A, Columns (E)&(F):

“Directors are paid by related organization, Belhaven University. Amounts being reported are for calendar year 2014.”

Filing and Contact Details

Filer

Filer Name
The Belhaven College Foundation
EIN
64-0887036
In Care Of
% VIRGINIA HENDERSON
Phone
6019688778
Address
1500 Peachtree St, Suite, Jackson, MS 39202

Signing Officer

Name
Virginia Henderson
Title
Director
Phone
6019688778
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Henderson
Formed
1997
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bkd Llp
Address
190 E Capitol Street Ste 500, Jackson, MS 39201-2190
Preparer
Penny Wood CPA
Phone
6019688778
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 9:

“Transfer of Net Assets to Belhaven University upon dissolution = 1,950,591”

Financial Statement Notes

Schedule D, Part V, Line 4:

“The endowment funds are restricted for scholarships for belhaven university.”

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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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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0349185
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018421
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01751
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0350857
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0332651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-16455
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0359998
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0354343
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7398
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.68000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE RESTRICTED FOR SCHOLARSHIPS FOR BELHAVEN UNIVERSITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0343218
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR ROGER PARROTT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0TRUSTMARK INVESTMENT MGMT ACCOUNT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0640303069
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0343111
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0MARKET QUOTE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0BELHAVEN UNIVERSITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01500 PEACHTREE STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0JACKSON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd039202
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IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Roger Parrott, Kevin Russell, and Virginia Henderson are currently officers of both The Belhaven College Foundation and Belhaven University. Upon dissolution, these officers will remain officers of Belhaven University.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule N, Part I, Line 2e:
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL BEFORE IT IS FILED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING A QUESTIONNAIRE ANNUALLY. THE ORGANIZATION IS ABLE TO CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH REVIEW AND DISCUSSION OF THE QUESTIONNAIRES AS SUBMITTED. THE QUESTIONNAIRES ARE REVIEWED BY THE CFO. IF A CONFLICT ARISES THE INTERESTED MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT/POTENTIAL CONFLICT. FURTHERMORE, THE INTERESTED MEMBER IS PROHIBITED FROM VOTING ON ANY MATTERS RELATED TO THE CONFLICT/POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL REQUESTS ARE HANDLED TIMELY BY THE VICE CHAIR AND/OR THE PERSON WHO HOLDS THE BOOKS AND RECORDS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Directors are paid by related organization, Belhaven University. Amounts being reported are for calendar year 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Transfer of Net Assets to Belhaven University upon dissolution = 1,950,591
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Page 6, Part VI, Section B, Line 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Page 6, Part VI, Section B, Line 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Page 6, Part VI, Section C, Line 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Page 7, Part VII, Section A, Columns (E)&(F):
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Page 12, Part XII, Line 9:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BELHAVEN UNIVERSITY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$13,937
Expenses
$7,096
Net income
$6,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.44$2.40$1.96$0.03$0.02$0.01
2012Summary only. Only limited summary data is available for this year.$0.42$2.41$1.99$0.68$0.08$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$2.41$2.57$0.02
2010Summary only. Only limited summary data is available for this year.$0.10$2.41$2.51$0.06$0.01$0.08