Civic Intelligence

Franklin County Learning Center Inc.

990 • Fiscal year 2020 • EIN 71-0434021

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 24, 2020

PO Box 329Ozark, AR 72949

(479) 667-3552

Siviq Scores

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

Liabilities / Assets

49th percentile

0.10x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.14x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

22nd percentile

-2.5%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-20%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,558,232

Down $40,001 (-2.5%) from 2019

Net Assets

Down

$1,409,176

Down $142,112 (-9.2%) from 2019

Liabilities

Up

$149,056

Up $102,111 (+218%) from 2019

Revenue

Down

$1,077,172

Down $275,195 (-20%) from 2019

Expenses

Down

$1,219,284

Down $396,608 (-25%) from 2019

Net Income

Up

-$142,112

Up $121,413 (+46%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,258,278Liabilities 2011: $56,465Net Assets 2011: $2,201,8132011Assets 2012: $2,537,424Liabilities 2012: $30,842Net Assets 2012: $2,506,5822012Assets 2013: $2,524,626Liabilities 2013: $26,010Net Assets 2013: $2,498,6162013Assets 2014: $2,309,359Liabilities 2014: $25,876Net Assets 2014: $2,283,4832014Assets 2015: $2,156,888Liabilities 2015: $32,862Net Assets 2015: $2,124,0262015Assets 2016: $2,181,539Liabilities 2016: $40,532Net Assets 2016: $2,141,0072016Assets 2017: $2,091,515Liabilities 2017: $24,878Net Assets 2017: $2,066,6372017Assets 2018: $1,841,582Liabilities 2018: $26,769Net Assets 2018: $1,814,8132018Assets 2019: $1,598,233Liabilities 2019: $46,945Net Assets 2019: $1,551,2882019Assets 2020: $1,558,232Liabilities 2020: $149,056Net Assets 2020: $1,409,1762020Assets 2021: $1,696,213Liabilities 2021: $163,624Net Assets 2021: $1,532,5892021Assets 2022: $1,587,374Liabilities 2022: $44,775Net Assets 2022: $1,542,5992022Assets 2023: $1,759,141Liabilities 2023: $63,959Net Assets 2023: $1,695,1822023Assets 2024: $1,818,887Liabilities 2024: $51,887Net Assets 2024: $1,767,0002024

Highlighted filing

2020

Assets$1,558,232
Liabilities$149,056
Net Assets$1,409,176

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,595,8502011Expenses 2012: $1,744,2772012Expenses 2013: $1,940,1932013Revenue 2014: $1,767,457Expenses 2014: $1,982,590Net Income 2014: -$215,1332014Revenue 2015: $1,838,484Expenses 2015: $1,997,941Net Income 2015: -$159,4572015Revenue 2016: $2,188,401Expenses 2016: $2,171,420Net Income 2016: $16,9812016Revenue 2017: $2,154,769Expenses 2017: $2,229,139Net Income 2017: -$74,3702017Revenue 2018: $1,611,982Expenses 2018: $1,863,806Net Income 2018: -$251,8242018Revenue 2019: $1,352,367Expenses 2019: $1,615,892Net Income 2019: -$263,5252019Revenue 2020: $1,077,172Expenses 2020: $1,219,284Net Income 2020: -$142,1122020Revenue 2021: $1,277,469Expenses 2021: $1,154,056Net Income 2021: $123,4132021Revenue 2022: $1,321,680Expenses 2022: $1,311,770Net Income 2022: $9,9102022Revenue 2023: $1,487,041Expenses 2023: $1,334,358Net Income 2023: $152,6832023Revenue 2024: $1,432,790Expenses 2024: $1,360,972Net Income 2024: $71,8182024

Highlighted filing

2020

Revenue$1,077,172
Expenses$1,219,284
Net Income-$142,112
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 24, 2020
Return Version
2019v5.0
Gross Receipts
$1,077,172
Mission and Program Overview

Mission

The center provides services to individuals with learning disabilities - our exempt function.

To provide educational, prevocational and developmental services to developmentally disabled individuals in order to enhance their abilities and improve their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,399,232$1,330,501▼ $68,731
Cash and Non-Interest-Bearing Accounts$130,558$155,112▲ $24,554
Accounts Receivable$36,591$38,094▲ $1,503
Investments Other Securities$13,376$18,733▲ $5,357
Prepaid Expenses and Deferred Charges$13,190$14,192▲ $1,002
Inventories for Sale or Use$5,286$1,600▼ $3,686
Total Assets$1,598,233$1,558,232▼ $40,001
Liabilities
Mortgage Notes Payable Secured by Investment Property-$122,000-
Accounts Payable and Accrued Expenses$16,420$15,550▼ $870
Other Liabilities$30,525$11,506▼ $19,019
Total Liabilities$46,945$149,056▲ $102,111
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,551,288$1,409,176▼ $142,112
Total Net Assets Fund Balance$1,551,288$1,409,176▼ $142,112
Total Liabilities and Net Assets / Fund Balance$1,598,233$1,558,232▼ $40,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,206,368$937,598$2,143,966
Land$112,120-$112,120
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles KetterPresident
Bettie Jo JamesBoard Member
Brandon HabererBoard Member
David WewersBoard Member
Deanna JonesBoard Member
Julie McclainBoard Member
Keisha YeakleyBoard Member
Pamela MinshewBoard Member
Phillip SavageSecretary
Marcus BerryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$15,750
Program Service Revenue
$1,049,616
Investment Income
$187
Other Revenue
$11,619
All Other Contributions
$15,750
Change in Net Assets
$-142,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,077,172
Total Revenue per Audited Statements
$1,077,172
Total Revenue per Form 990
$1,077,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$657,144
Other Expenses$562,140
Total Fundraising Expense$22,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,114$106,125-$542,239
All Other Expenses$54,339$43,851$22,400$120,590
Other Employee Benefits$55,922$13,608-$69,530
Depreciation Depletion$61,460$7,271-$68,731
Payroll Taxes$36,494$8,881-$45,375
Other Expenses$41,038$41,503-$41,038
Advertising-$9,258$210$9,468
Royalties--$100$100
Total Functional Expenses$906,617$289,957$22,710$1,219,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,219,284
Total Expenses per Audited Statements$1,219,284
Total Expenses per Form 990$1,219,284
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
Accrued Payroll$7,955
Payroll Wh Payables$3,551
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
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

The tax return will be reviewed at its monthly board meeting which is scheduled after the due date of the return.

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

Board members are expected to recuse themselves from decisions in which they may have or appear to have a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Ceo compensation is reviewed annually by the board.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Franklin County Learning Center Inc
EIN
71-0434021
Phone
4796673552
Address
PO BOX 329, OZARK, AR 72949

Signing Officer

Name
Charles Ketter
Title
President
Phone
4796673552
Signed
2020-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Ketter
Formed
1977
Legal Domicile
Ar
Voting Board Members
9
Independent Board Members
9
Employees
52
Volunteers
9

Preparer

Firm
King Jacobs & Lorfing Cpas Pa
Address
1216 S ROGERS ST, CLARKSVILLE, AR 72830-9159
Preparer
Adele K Jacobs CPA
Phone
4797542478
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317519
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt413678
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt019259
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0390
IRS990/PYOtherExpensesAmt0597069
IRS990/PYOtherRevenueAmt07781
IRS990/PYProgramServiceRevenueAmt01324937
IRS990/PYRevenuesLessExpensesAmt0-263525
IRS990/PYSalariesCompEmpBnftPaidAmt01018823
IRS990/PYTotalExpensesAmt01615892
IRS990/PYTotalRevenueAmt01352367
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-142112
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01049616
IRS990/RoyaltiesGrp/FundraisingAmt0100
IRS990/RoyaltiesGrp/TotalAmt0100
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01206368
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0937598
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02143966
IRS990ScheduleD/ExpensesSubtotalAmt01219284
IRS990ScheduleD/LandGrp/BookValueAmt0112120
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0112120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL WH PAYABLES
IRS990ScheduleD/RevenueSubtotalAmt01077172
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01318488
IRS990ScheduleD/TotalExpensesPerForm990Amt01219284
IRS990ScheduleD/TotalLiabilityAmt011506
IRS990ScheduleD/TotalRevenuePerForm990Amt01077172
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01077172
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01219284
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS PUBLISHED ANNUAL IN THE NEWSPAPER
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WE RECEIVE US DEPARTMENT OF AGRICULTURE CHILD AND ADULT CARE FOOD PROGRAM FUNDING, US DEPARTMENT OF HEALTH AND HUMAN SERVICES SOCIAL SERVICES BLOCK GRANT FUNDING AND CHILD CARE AND DEVELOPMENT BLOCK GRANT FUNDING, AND STATE OF ARKANSAS GRANT IN AID FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WILL BE REVIEWED AT ITS MONTHLY BOARD MEETING WHICH IS SCHEDULED AFTER THE DUE DATE OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE EXPECTED TO RECUSE THEMSELVES FROM DECISIONS IN WHICH THEY MAY HAVE OR APPEAR TO HAVE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01598233
IRS990/TotalAssetsEOYAmt01558232
IRS990/TotalAssetsGrp/BOYAmt01598233
IRS990/TotalAssetsGrp/EOYAmt01558232
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015750
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022710
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0289957
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0906617
IRS990/TotalFunctionalExpensesGrp/TotalAmt01219284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046945
IRS990/TotalLiabilitiesEOYAmt0149056
IRS990/TotalLiabilitiesGrp/BOYAmt046945
IRS990/TotalLiabilitiesGrp/EOYAmt0149056
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01551288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01409176
IRS990/TotalProgramServiceExpensesAmt0906617
IRS990/TotalProgramServiceRevenueAmt01049616
IRS990/TotalRevenueGrp/ExclusionAmt067141
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0994281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01077172
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01598233
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01558232
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 329
IRS990/USAddress/CityNm0OZARK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072949
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FCLCOZARK.COM
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES KETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04796673552
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN COUNTY LEARNING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0710434021
ReturnHeader/Filer/PhoneNum04796673552
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 329
ReturnHeader/Filer/USAddress/CityNm0OZARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072949
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D05B233E8E641DD660C75BA3D28223DFC814A89F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D05B233E8E641DD660C75BA3D28223DFC814A89F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.76.82.228
ReturnHeader/FilingSecurityInformation/IPDt02020-11-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:53:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710540855
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING JACOBS & LORFING CPAS PA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.05$1.77$1.43$1.36$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.06$1.70$1.49$1.33$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.04$1.54$1.32$1.31$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.16$1.53$1.28$1.15$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.15$1.41$1.08$1.22$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.05$1.55$1.35$1.62$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.03$1.81$1.61$1.86$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.02$2.07$2.15$2.23$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.04$2.14$2.19$2.17$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.16$0.03$2.12$1.84$2.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.31$0.03$2.28$1.77$1.98$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.03$2.50$1.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.03$2.51$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.06$2.20$1.60