Civic Intelligence

Franklin County Learning Center Inc.

990 • Fiscal year 2021 • EIN 71-0434021

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 08, 2021

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

55th percentile

0.10x

Higher debt load relative to assets than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

9.7%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

49th percentile

8.9%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

19%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,696,213

Up $137,981 (+8.9%) from 2020

Net Assets

Up

$1,532,589

Up $123,413 (+8.8%) from 2020

Liabilities

Up

$163,624

Up $14,568 (+9.8%) from 2020

Revenue

Up

$1,277,469

Up $200,297 (+19%) from 2020

Expenses

Down

$1,154,056

Down $65,228 (-5.3%) from 2020

Net Income

Up

$123,413

Up $265,525 (+187%) from 2020

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

2021

Assets$1,696,213
Liabilities$163,624
Net Assets$1,532,589

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

2021

Revenue$1,277,469
Expenses$1,154,056
Net Income$123,413
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 8, 2021
Return Version
2020v4.0
Gross Receipts
$1,277,469
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$1,330,501$1,354,945▲ $24,444
Cash and Non-Interest-Bearing Accounts$155,112$255,929▲ $100,817
Accounts Receivable$38,094$57,143▲ $19,049
Prepaid Expenses and Deferred Charges$14,192$15,349▲ $1,157
Investments Other Securities$18,733$12,847▼ $5,886
Inventories for Sale or Use$1,600--
Total Assets$1,558,232$1,696,213▲ $137,981
Liabilities
Mortgage Notes Payable Secured by Investment Property$122,000$104,912▼ $17,088
Accounts Payable and Accrued Expenses$15,550$38,636▲ $23,086
Other Liabilities$11,506$20,076▲ $8,570
Total Liabilities$149,056$163,624▲ $14,568
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,409,176$1,532,589▲ $123,413
Total Net Assets Fund Balance$1,409,176$1,532,589▲ $123,413
Total Liabilities and Net Assets / Fund Balance$1,558,232$1,696,213▲ $137,981

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,224,740$998,873$2,223,613
Land$112,120-$112,120
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles KetterPresident
Bettie Jo JamesBoard Member
Brandon HabererBoard Member
Deanna JonesBoard Member
Keisha YeakleyBoard Member
Marcus BerryBoard Member
Pamela MinshewBoard Member
Phillip SavageSecretary
David WewersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$16,191
Program Service Revenue
$1,243,689
Investment Income
$248
Other Revenue
$17,341
All Other Contributions
$16,191
Change in Net Assets
$123,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,277,469
Total Revenue per Audited Statements
$1,277,469
Total Revenue per Form 990
$1,277,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$614,529
Other Expenses$539,527
Total Fundraising Expense$22,146
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$450,944$109,792-$560,736
All Other Expenses$11,033$49,607$22,146$82,786
Depreciation Depletion$63,023$4,551-$67,574
Insurance$65,829--$65,829
Payroll Taxes$34,160$8,317-$42,477
Other Expenses$26,433$24,581-$24,581
Other Employee Benefits$9,100$2,216-$11,316
Advertising-$4,809-$4,809
Total Functional Expenses$928,037$203,873$22,146$1,154,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,154,056
Total Expenses per Audited Statements$1,154,056
Total Expenses per Form 990$1,154,056
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$17,582
Payroll Wh Payables$2,494
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
2021-12-08
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
43
Volunteers
9

Preparer

Firm
King Jacobs & Lorfing Cpas Pa
Address
1216 S ROGERS ST, CLARKSVILLE, AR 72830
Preparer
Adele K Jacobs CPA
Phone
4797542478
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IRS990/PYRevenuesLessExpensesAmt0-142112
IRS990/PYSalariesCompEmpBnftPaidAmt0657144
IRS990/PYTotalExpensesAmt01219284
IRS990/PYTotalRevenueAmt01077172
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0123413
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01243689
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01224740
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0998873
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02223613
IRS990ScheduleD/ExpensesSubtotalAmt01154056
IRS990ScheduleD/LandGrp/BookValueAmt0112120
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0112120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12494
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL WH PAYABLES
IRS990ScheduleD/RevenueSubtotalAmt01277469
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01336860
IRS990ScheduleD/TotalExpensesPerForm990Amt01154056
IRS990ScheduleD/TotalLiabilityAmt020076
IRS990ScheduleD/TotalRevenuePerForm990Amt01277469
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01277469
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01154056
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/TotalAssetsBOYAmt01558232
IRS990/TotalAssetsEOYAmt01696213
IRS990/TotalAssetsGrp/BOYAmt01558232
IRS990/TotalAssetsGrp/EOYAmt01696213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016191
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022146
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0203873
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0928037
IRS990/TotalFunctionalExpensesGrp/TotalAmt01154056
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0149056
IRS990/TotalLiabilitiesEOYAmt0163624
IRS990/TotalLiabilitiesGrp/BOYAmt0149056
IRS990/TotalLiabilitiesGrp/EOYAmt0163624
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01409176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01532589
IRS990/TotalProgramServiceExpensesAmt0928037
IRS990/TotalProgramServiceRevenueAmt01243689
IRS990/TotalRevenueGrp/ExclusionAmt057729
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01203549
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01277469
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01558232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01696213
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES KETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04796673552
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-08
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/PreparerFirmGrp/PreparerFirmEIN0710540855
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING JACOBS & LORFING CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01216 S ROGERS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARKSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072830
ReturnHeader/PreparerPersonGrp/PhoneNum04797542478
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADELE K JACOBS CPA
ReturnHeader/ReturnTs02021-12-08T13:32:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KETTER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.16$1.53$1.28$1.15$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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