Civic Intelligence

Seashore United Methodist Assembly

990 • Fiscal year 2018 • EIN 64-0920498

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

1410 Leggett DriveBiloxi, MS 39530

(228) 436-6767

Siviq Scores

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

Liabilities / Assets

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

61st percentile

8.1%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$47,950

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

67th percentile

9.5%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$624,066

Up $54,081 (+9.5%) from 2017

Net Assets

Up

$605,208

Up $48,726 (+8.8%) from 2017

Liabilities

Up

$18,858

Up $5,355 (+40%) from 2017

Revenue

Up

$605,088

Up $62,101 (+11%) from 2017

Expenses

Up

$556,362

Up $40,156 (+7.8%) from 2017

Net Income

Up

$48,726

Up $21,945 (+82%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $282,400Liabilities 2010: $6,864Net Assets 2010: $275,5362010Assets 2011: $258,151Liabilities 2011: $23,495Net Assets 2011: $234,6562011Assets 2012: $265,130Liabilities 2012: $27,963Net Assets 2012: $237,1672012Assets 2013: $296,711Liabilities 2013: $23,139Net Assets 2013: $273,5722013Assets 2014: $411,513Liabilities 2014: $15,758Net Assets 2014: $395,7552014Assets 2015: $470,502Liabilities 2015: $15,427Net Assets 2015: $455,0752015Assets 2016: $546,936Liabilities 2016: $17,235Net Assets 2016: $529,7012016Assets 2017: $569,985Liabilities 2017: $13,503Net Assets 2017: $556,4822017Assets 2018: $624,066Liabilities 2018: $18,858Net Assets 2018: $605,2082018Assets 2019: $637,250Liabilities 2019: $13,774Net Assets 2019: $623,4762019Assets 2020: $694,365Liabilities 2020: $12,503Net Assets 2020: $681,8622020Assets 2021: $693,470Liabilities 2021: $12,714Net Assets 2021: $680,7562021Assets 2022: $714,044Liabilities 2022: $12,819Net Assets 2022: $701,2252022Assets 2023: $760,381Liabilities 2023: $12,111Net Assets 2023: $748,2702023Assets 2024: $696,213Liabilities 2024: $16,765Net Assets 2024: $679,4482024

Highlighted filing

2018

Assets$624,066
Liabilities$18,858
Net Assets$605,208

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $336,835Expenses 2010: $340,155Net Income 2010: -$3,3202010Revenue 2011: $319,580Expenses 2011: $360,460Net Income 2011: -$40,8802011Revenue 2012: $419,071Expenses 2012: $416,560Net Income 2012: $2,5112012Revenue 2013: $548,892Expenses 2013: $512,487Net Income 2013: $36,4052013Revenue 2014: $632,043Expenses 2014: $509,860Net Income 2014: $122,1832014Revenue 2015: $600,891Expenses 2015: $541,571Net Income 2015: $59,3202015Revenue 2016: $599,490Expenses 2016: $524,864Net Income 2016: $74,6262016Revenue 2017: $542,987Expenses 2017: $516,206Net Income 2017: $26,7812017Revenue 2018: $605,088Expenses 2018: $556,362Net Income 2018: $48,7262018Revenue 2019: $578,924Expenses 2019: $560,656Net Income 2019: $18,2682019Revenue 2020: $495,570Expenses 2020: $437,184Net Income 2020: $58,3862020Revenue 2021: $473,391Expenses 2021: $474,497Net Income 2021: -$1,1062021Revenue 2022: $610,496Expenses 2022: $590,027Net Income 2022: $20,4692022Revenue 2023: $565,274Expenses 2023: $518,229Net Income 2023: $47,0452023Revenue 2024: $408,996Expenses 2024: $477,818Net Income 2024: -$68,8222024

Highlighted filing

2018

Revenue$605,088
Expenses$556,362
Net Income$48,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$605,088
Mission and Program Overview

Mission

The organization provides retreat and meeting facilities, located in biloxi, ms to foster, promote, and develop christian fellowship, evangelism and education consistent with the doctrines and discipline of the united methodist church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$319,975$327,533▲ $7,558
Land, Buildings, and Equipment, Net$108,334$154,357▲ $46,023
Savings and Temporary Cash Investments$132,541$137,869▲ $5,328
Accounts Receivable$9,135$4,307▼ $4,828
Total Assets$569,985$624,066▲ $54,081
Liabilities
Other Liabilities$8,192$9,490▲ $1,298
Accounts Payable and Accrued Expenses$5,311$9,368▲ $4,057
Total Liabilities$13,503$18,858▲ $5,355
Net Assets / Fund Balance
Temporarily Rstr Net Assets$281,623$327,533▲ $45,910
Unrestricted Net Assets$274,859$277,675▲ $2,816
Total Net Assets Fund Balance$556,482$605,208▲ $48,726
Total Liabilities and Net Assets / Fund Balance$569,985$624,066▲ $54,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$132,570$115,676$248,246
Equipment$21,787$145,213$167,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael HedgepethExecutive DiFT$47,950$47,950

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$80,929
Program Service Revenue
$371,663
Investment Income
$2,785
Other Revenue
$149,711
All Other Contributions
$80,929
Change in Net Assets
$48,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$331,117
Salaries, Compensation, and Employee Benefits$225,245
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,687$41,761-$162,448
Occupancy$75,828$6,263-$82,091
Current Officers, Directors, Trustees, and Key Employees$23,975$23,975-$47,950
Insurance$27,710$3,079-$30,789
All Other Expenses$24,502$3,440-$27,942
Payroll Taxes$9,749$5,098-$14,847
Depreciation Depletion$9,210$2,303-$11,513
Other Expenses$5,113$2,191-$7,304
Office Expenses-$3,988-$3,988
Fees for Services Accounting-$2,117-$2,117
Advertising$499--$499
Total Functional Expenses$458,696$97,666$0$556,362
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
Customer Deposits$5,060
Payroll Taxes Payable$4,430
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

A copy of the return is provided to the organization prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Seashore United Methodist Assembly
EIN
64-0920498
Phone
2284366767
Address
1410 LEGGETT DRIVE, BILOXI, MS 39530

Signing Officer

Name
Michael Hedgepeth
Title
Executive Director
Phone
2284366767
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hedgepeth
Formed
1871
Legal Domicile
Ms
Voting Board Members
14
Independent Board Members
14
Employees
15

Preparer

Firm
Mosley & Company Pllc
Address
541B HIGHWAY 80 W, CLINTON, MS 39056-4193
Preparer
Waymond Mosley Jr
Phone
6019246842
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization provides retreat and meeting facilities, located in biloxi, ms to foster, promote, and develop christian fellowship, evangelism and education consistent with the doctrines and discipline of the united methodist church.

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL HEDGEPETH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTALS
IRS990/ProgramServiceRevenueGrp/Desc1CAFETERIA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0202475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1169188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1169188
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt065566
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02915
IRS990/PYOtherExpensesAmt0306523
IRS990/PYOtherRevenueAmt0116396
IRS990/PYProgramServiceRevenueAmt0358110
IRS990/PYRevenuesLessExpensesAmt026781
IRS990/PYSalariesCompEmpBnftPaidAmt0209683
IRS990/PYTotalExpensesAmt0516206
IRS990/PYTotalRevenueAmt0542987
IRS990/ReconcilationRevenueExpnssAmt048726
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0132541
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0137869
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 43,577 SEALS TRUST 448,953
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt080929
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065566
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt067764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt067090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0363986
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02915
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02810
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02430
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012312
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt020467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0524159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0358110
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0422155
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0401105
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0397987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02103516
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02915
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02810
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012312
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt020467
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0116396
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0106761
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0130266
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0139107
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0492530
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82790
IRS990ScheduleA/PublicSupportPY509Pct00.79670
IRS990ScheduleA/PublicSupportTotal509Amt02467502
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0605088
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0423676
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0489919
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0468195
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0480624
IRS990ScheduleA/Total509Grp/TotalAmt02467502
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0605088
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0542987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0599490
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0600891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0632043
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02980499
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0132570
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0115676
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0248246
IRS990ScheduleD/EquipmentGrp/BookValueAmt021787
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0145213
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0167000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0154357
IRS990ScheduleD/TotalLiabilityAmt09490
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES RETREAT AND MEETING FACILITIES, LOCATED IN BILOXI, MS TO FOSTER, PROMOTE, AND DEVELOP CHRISTIAN FELLOWSHIP, EVANGELISM AND EDUCATION CONSISTENT WITH THE DOCTRINES AND DISCIPLINE OF THE UNITED METHODIST CHURCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS PROVIDED TO THE ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0281623
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0327533
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0569985
IRS990/TotalAssetsEOYAmt0624066
IRS990/TotalAssetsGrp/BOYAmt0569985
IRS990/TotalAssetsGrp/EOYAmt0624066
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt080929
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097666
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458696
IRS990/TotalFunctionalExpensesGrp/TotalAmt0556362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013503
IRS990/TotalLiabilitiesEOYAmt018858
IRS990/TotalLiabilitiesGrp/BOYAmt013503
IRS990/TotalLiabilitiesGrp/EOYAmt018858
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0556482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0605208
IRS990/TotalProgramServiceExpensesAmt0458696
IRS990/TotalProgramServiceRevenueAmt0371663
IRS990/TotalReportableCompFromOrgAmt047950
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0524159
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0605088

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.17$6.79$4.09$4.78$0.69
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$0.12$7.48$5.65$5.18$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.14$0.13$7.01$6.10$5.90$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.93$0.13$6.81$4.73$4.74$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$0.13$6.82$4.96$4.37$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.37$0.14$6.23$5.79$5.61$0.18
2018Detailed filing. Detailed filing data is available for this year.$6.24$0.19$6.05$6.05$5.56$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$0.14$5.56$5.43$5.16$0.27
2016Summary only. Only limited summary data is available for this year.$5.47$0.17$5.30$5.99$5.25$0.75
2015Summary only. Only limited summary data is available for this year.$4.71$0.15$4.55$6.01$5.42$0.59
2014Summary only. Only limited summary data is available for this year.$4.12$0.16$3.96$6.32$5.10$1.22
2013Summary only. Only limited summary data is available for this year.$2.97$0.23$2.74$5.49$5.12$0.36
2012Summary only. Only limited summary data is available for this year.$2.65$0.28$2.37$4.19$4.17$0.03
2011Summary only. Only limited summary data is available for this year.$2.58$0.23$2.35$3.20$3.60$0.41
2010Summary only. Only limited summary data is available for this year.$2.82$0.07$2.76$3.37$3.40$0.03