Civic Intelligence

Southern Regional Corporation

EIN 64-6001417 • 501(c)3 • Picayune, MS

Profile

The organization offers a broad range of programs and activities that focus on health and wellness. The programs and activities are designed to maintain and improve the health of the community.

101 Kirkwood StreetPicayune, MS 39466
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

26%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,573,842

Up $113,194 (+7.7%) from 2022

Liabilities

Up

$3,192

Up $1,350 (+73%) from 2022

Net Assets

Up

$1,570,650

Up $111,844 (+7.7%) from 2022

Revenue

Up

$427,659

Up $87,960 (+26%) from 2022

Expenses

Up

$371,383

Up $26,856 (+7.8%) from 2022

Net Income

Up

$56,276

Up $61,104 (+1266%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $993,253Liabilities 2011: $52,816Net Assets 2011: $940,4372011Assets 2012: $929,672Liabilities 2012: $37,674Net Assets 2012: $891,9982012Assets 2013: $1,015,426Liabilities 2013: $25,816Net Assets 2013: $989,6102013Assets 2014: $1,055,977Liabilities 2014: $11,470Net Assets 2014: $1,044,5072014Assets 2015: $1,152,986Liabilities 2015: $5,825Net Assets 2015: $1,147,1612015Assets 2016: $1,277,355Liabilities 2016: $8,188Net Assets 2016: $1,269,1672016Assets 2017: $1,345,167Liabilities 2017: $7,063Net Assets 2017: $1,338,1042017Assets 2018: $1,358,336Liabilities 2018: $4,079Net Assets 2018: $1,354,2572018Assets 2019: $1,410,964Liabilities 2019: $3,574Net Assets 2019: $1,407,3902019Assets 2020: $1,391,632Liabilities 2020: $1,639Net Assets 2020: $1,389,9932020Assets 2021: $1,435,664Liabilities 2021: $935Net Assets 2021: $1,434,7292021Assets 2022: $1,460,648Liabilities 2022: $1,842Net Assets 2022: $1,458,8062022Assets 2023: $1,573,842Liabilities 2023: $3,192Net Assets 2023: $1,570,6502023

Highlighted filing

2023

Assets$1,573,842
Liabilities$3,192
Net Assets$1,570,650

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $367,9852011Expenses 2012: $381,2072012Revenue 2013: $502,784Expenses 2013: $405,172Net Income 2013: $97,6122013Revenue 2014: $426,868Expenses 2014: $371,971Net Income 2014: $54,8972014Revenue 2015: $482,878Expenses 2015: $380,224Net Income 2015: $102,6542015Revenue 2016: $490,537Expenses 2016: $368,531Net Income 2016: $122,0062016Revenue 2017: $433,004Expenses 2017: $364,067Net Income 2017: $68,9372017Revenue 2018: $413,031Expenses 2018: $396,878Net Income 2018: $16,1532018Revenue 2019: $414,512Expenses 2019: $381,264Net Income 2019: $33,2482019Revenue 2020: $321,800Expenses 2020: $358,895Net Income 2020: -$37,0952020Revenue 2021: $363,005Expenses 2021: $342,393Net Income 2021: $20,6122021Revenue 2022: $339,699Expenses 2022: $344,527Net Income 2022: -$4,8282022Revenue 2023: $427,659Expenses 2023: $371,383Net Income 2023: $56,2762023

Highlighted filing

2023

Revenue$427,659
Expenses$371,383
Net Income$56,276

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$427,659
Mission and Program Overview

Mission

To provide health and wellness activities to the public

The organization offers a broad range of programs and activities that focus on health and wellness. The programs and activities are designed to maintain and improve the health of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$518,518$584,621▲ $66,103
Savings and Temporary Cash Investments$462,946$522,725▲ $59,779
Land, Buildings, and Equipment, Net$364,752$410,305▲ $45,553
Cash and Non-Interest-Bearing Accounts$108,877$50,446▼ $58,431
Accounts Receivable$5,555$5,745▲ $190
Total Assets$1,460,648$1,573,842▲ $113,194
Liabilities
Other Liabilities$1,842$3,192▲ $1,350
Total Liabilities$1,842$3,192▲ $1,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,458,806$1,570,650▲ $111,844
Total Net Assets Fund Balance$1,458,806$1,570,650▲ $111,844
Total Liabilities and Net Assets / Fund Balance$1,460,648$1,573,842▲ $113,194

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$96,313$309,997$45,553
Buildings$308,992$623,634-
Other Land Buildings-$135,112-
Land$5,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim HartPresident
Paul ReeseVice President
Rashell DawseyBookkeeper
Gary MillerGeneral Managerr
Cathy SmithMember
Craig FranklinMember
Earl FortenberryMember
Sherry LamberMember
Ted MusgroveMember
Nathan FarmerSecretary
David HobgoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$383,633
Investment Income
$28,770
Other Revenue
$15,256
Change in Net Assets
$56,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,242
Salaries, Compensation, and Employee Benefits$180,141
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,340$19,000-$167,340
Other Expenses$56,890--$56,890
Insurance$23,148$1,738-$24,886
Payroll Taxes$12,801--$12,801
All Other Expenses$11,502--$11,502
Office Expenses$8,892--$8,892
Fees for Services Accounting-$7,114-$7,114
Fees for Service Investment Mgmnt Fees-$4,203-$4,203
Advertising-$1,050-$1,050
Fees for Services Other-$300-$300
Total Functional Expenses$337,978$33,405$0$371,383
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
Payroll Liabilities$3,192
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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 governing body review Part VI line 11

Review of 990 will be conducted.

Form 990 availability to public Part VI line 18

The organization has financial statements and form 990 on file and available to the public upon request.

Governing documents etc available to public Part VI line 19

The organization has financial statements and form 990 on file and available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southern Regional Corporation
EIN
64-6001417
Address
101 KIRKWOOD STREET, PICAYUNE, MS 39466

Signing Officer

Name
Tim Hart
Title
President
Phone
6017982351
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
9
Employees
33

Preparer

Firm
King CPA PLLC
Address
206 East Central Avenue, Petal, MS 39465
Preparer
Shelbi Quimby
Phone
6015449795
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0372651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29807
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IRS990/PYProgramServiceRevenueAmt0372392
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IRS990/PYSalariesCompEmpBnftPaidAmt0166349
IRS990/PYTotalExpensesAmt0344527
IRS990/PYTotalRevenueAmt0339699
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt056276
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0462946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0522725
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07304
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021829
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020556
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016158
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt065847
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0372392
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0338676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0259454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0398354
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01368876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07304
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021829
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020556
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065847
IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.04000
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IRS990ScheduleA/PublicSupportCY509Pct00.95410
IRS990ScheduleA/PublicSupportPY509Pct00.95560
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0259454
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0398354
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0360505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0280010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0414512
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01434723
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0623634
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0932626
IRS990ScheduleD/EquipmentGrp/BookValueAmt096313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0309997
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0360757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045553
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0135112
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0135112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0410305
IRS990ScheduleD/TotalLiabilityAmt03192
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF 990 WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has financial statements and form 990 on file and available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has financial statements and form 990 on file and available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01460648
IRS990/TotalAssetsEOYAmt01573842
IRS990/TotalAssetsGrp/BOYAmt01460648
IRS990/TotalAssetsGrp/EOYAmt01573842
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033405
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337978
IRS990/TotalFunctionalExpensesGrp/TotalAmt0371383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01842
IRS990/TotalLiabilitiesEOYAmt03192
IRS990/TotalLiabilitiesGrp/BOYAmt01842
IRS990/TotalLiabilitiesGrp/EOYAmt03192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01458806
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01570650
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0337978
IRS990/TotalProgramServiceRevenueAmt0383633
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0427659
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0427659
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01460648
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01573842
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM HART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017982351
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN REGIONAL CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0646001417
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 KIRKWOOD STREET
ReturnHeader/Filer/USAddress/CityNm0PICAYUNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039466

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