Civic Intelligence

Demco Foundation Inc.

990 • Fiscal year 2019 • EIN 72-1417423

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 06, 2020

Organization ProfileWWW.DEMCO.ORG/COMMUNITY/DEMCO-FOUNDATION
PO Box 15659Baton Rouge, LA 70895

(225) 262-2141

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$34,440

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-36%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$520,219

Up $74,899 (+17%) from 2018

Net Assets

Up

$520,219

Up $74,899 (+17%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin78th percentile

Revenue

Down

$343,709

Down $192,801 (-36%) from 2018

Expenses

Down

$268,810

Down $132,704 (-33%) from 2018

Net Income

Down

$74,899

Down $60,097 (-45%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$600K$400K$200K$0Assets 2011: $368,294Liabilities 2011: $0Net Assets 2011: $368,2942011Assets 2012: $376,821Liabilities 2012: $0Net Assets 2012: $376,8212012Assets 2013: $385,396Liabilities 2013: $0Net Assets 2013: $385,3962013Assets 2014: $350,654Liabilities 2014: $0Net Assets 2014: $350,6542014Assets 2015: $466,808Liabilities 2015: $0Net Assets 2015: $466,8082015Assets 2016: $554,017Liabilities 2016: $0Net Assets 2016: $554,0172016Assets 2017: $310,324Liabilities 2017: $0Net Assets 2017: $310,3242017Assets 2018: $445,320Liabilities 2018: $0Net Assets 2018: $445,3202018Assets 2019: $520,219Liabilities 2019: $0Net Assets 2019: $520,2192019Assets 2020: $273,225Liabilities 2020: $0Net Assets 2020: $273,2252020Assets 2021: $236,496Liabilities 2021: $0Net Assets 2021: $236,4962021Assets 2022: $290,368Liabilities 2022: $0Net Assets 2022: $290,3682022Assets 2023: $214,361Liabilities 2023: $0Net Assets 2023: $214,3612023Assets 2024: $319,665Liabilities 2024: $149,203Net Assets 2024: $170,4622024

Highlighted filing

2019

Assets$520,219
Liabilities$0
Net Assets$520,219
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $299,2362011Expenses 2012: $376,2872012Revenue 2013: $388,428Expenses 2013: $379,853Net Income 2013: $8,5752013Revenue 2014: $363,083Expenses 2014: $397,825Net Income 2014: -$34,7422014Revenue 2015: $460,969Expenses 2015: $344,816Net Income 2015: $116,1532015Revenue 2016: $490,026Expenses 2016: $402,816Net Income 2016: $87,2102016Revenue 2017: $278,213Expenses 2017: $521,906Net Income 2017: -$243,6932017Revenue 2018: $536,510Expenses 2018: $401,514Net Income 2018: $134,9962018Revenue 2019: $343,709Expenses 2019: $268,810Net Income 2019: $74,8992019Revenue 2020: $420,554Expenses 2020: $667,548Net Income 2020: -$246,9942020Revenue 2021: $322,923Expenses 2021: $359,652Net Income 2021: -$36,7292021Revenue 2022: $371,919Expenses 2022: $318,047Net Income 2022: $53,8722022Revenue 2023: $303,949Expenses 2023: $379,956Net Income 2023: -$76,0072023Revenue 2024: $352,780Expenses 2024: $396,679Net Income 2024: -$43,8992024

Highlighted filing

2019

Revenue$343,709
Expenses$268,810
Net Income$74,899
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 6, 2020
Return Version
2019v5.1
Gross Receipts
$343,709
Mission and Program Overview

Mission

To benefit needy individuals in the seven parishes served by dixie electric membership corporation (demco). These parishes include ascension, east baton rouge, east feliciana, livingston, st helena, tangipahoa and west feliciana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$445,320$520,219▲ $74,899
Total Assets$445,320$520,219▲ $74,899
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$445,320$520,219▲ $74,899
Total Net Assets Fund Balance$445,320$520,219▲ $74,899
Total Liabilities and Net Assets / Fund Balance$445,320$520,219▲ $74,899
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleOtherTotal
Leslie FalksSecretary/treasurer$34,440$34,440
Dennis LottDirector$13,691$13,691

Board Members and Trustees

NameTitle
Lee ThomasPresident
Barbara StevensonDirector
Donna CodyDirector
Karen OverstreetDirector
Melissa ShowsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$342,736
Program Service Revenue
$0
Investment Income
$973
Other Revenue
$0
All Other Contributions
$342,736
Change in Net Assets
$74,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,709
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$343,709
Total Revenue per Form 990
$343,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$251,660
Other Expenses$17,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$251,660--$251,660
Office Expenses$7,592$1,343-$8,935
Fees for Services Accounting-$4,800-$4,800
Conferences and Meetings$2,848$503-$3,351
Fees for Services Management$42$7-$49
Travel$13$2-$15
Total Functional Expenses$262,155$6,655$0$268,810

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$268,810
Total Expenses per Audited Statements$268,810
Total Expenses per Form 990$268,810
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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, Part VI, Section B, Line 11B

“The controller of dixie electric membership corporation, demco foundation's controlling organization, will review and approve the form 990 before filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and audited financial statements are available for viewing by the public at the organization's office in baton rouge, la.”

Filing and Contact Details

Filer

Filer Name
Demco Foundation Inc
EIN
72-1417423
Phone
2252622141
Address
PO BOX 15659, BATON ROUGE, LA 70895

Signing Officer

Name
Kevin Commander
Title
Controller
Phone
2252622141
Signed
2020-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Commander
Formed
1997
Legal Domicile
La
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board as a whole is responsible for overseeing the audit of the financial statements and the selection of the independent accountant to perform the audit.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has adopted the "uncertain tax positions" provisions of accounting principles generally accepted in the united states of america. The primary tax position of the foundation is its filing status as a tax exempt entity. The foundation determined that it is more likely than not that its tax positions would be sustained upon examination by the internal revenue service (irs), or other state taxing authority. The foundation is no longer subject to u.s. Federal income tax examinations by federal taxing authorities for years before 2016.”

Raw XML AppendixShowing 400 of 409 raw XML fields

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/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE FOUNDATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE FOUNDATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2016.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION AWARDS GRANTS TO UNDERPRIVILEGED INDIVIDUALS IN THE SEVEN PARISHES SERVED BY DIXIE ELECTRIC MEMBERSHIP CORPORATION. THESE PARISHES INCLUDE ASCENSION, EAST BATON ROUGE, EAST FELICIANA, LIVINGSTON, ST HELENA, TANGIPAHOA, AND WEST FELICIANA. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE FOR HEALTH AND MEDICAL NEEDS, SPECIAL ASSISTANCE EMERGENCIES, SHELTER, REPAIRS AND MAINTENANCE AND SCHOLARSHIP AWARD APPLICANTS ARE REQUIRED TO GIVE PROOF THAT THEY CURRENTLY RESIDE IN ONE OF THE SEVEN PARISHES THAT ARE SERVED BY DEMCO. THE FOUNDATION ALSO GRANTS SCHOLARSHIPS TO STUDENTS ATTENDING UNIVERSITY, TRADE SCHOOLS OR COMMUNITY COLLEGES. THE REQUIREMENTS TO QUALIFY AND APPLICATIONS USED TO APPLY FOR THE SCHOLARSHIPS OR NEED BASED FUNDS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE WWW.DEMCO.ORG.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CONTROLLER OF DIXIE ELECTRIC MEMBERSHIP CORPORATION, DEMCO FOUNDATION'S CONTROLLING ORGANIZATION, WILL REVIEW AND APPROVE THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN BATON ROUGE, LA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DEMCO ENERGY SERVICES LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt016262 WAX RD
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1DIXIE BUSINESS DEVELOPMENT CENTER INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RURAL ELECTRIC COOPERATIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1INCUBATOR PROGRAM TO HELP NEW BUSINESS DEVELOP, GROW, AND SUCCEED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 15659
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11814 RANGE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1DENHAM SPRINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13600
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DIXIE ELECTRIC MEMBERSHIP CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1DIXIE BUSINESS DEVELOPMENT CENTER INC
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0520219
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0342736
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06655
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262155
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268810
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0445320
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0262155
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TravelGrp/ProgramServicesAmt013
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.DEMCO.ORG/COMMUNITY/DEMCO-FOUNDATION
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLINGER SEGARS GILBERT AND MOSS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08215 NASHVILLE AVENUE
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$520,219
Liabilities
$0
Net assets
$520,219
Revenue
$343,709
Expenses
$268,810
Net income
$74,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.20$1.49$1.70$3.53$3.97$0.44
2023Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$3.04$3.80$0.76
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$3.72$3.18$0.54
2021Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$3.23$3.60$0.37
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$4.21$6.68$2.47
2019Detailed filing. Detailed filing data is available for this year.$5.20$0.00$5.20$3.44$2.69$0.75
2018Detailed filing. Detailed filing data is available for this year.$4.45$0.00$4.45$5.37$4.02$1.35
2017Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$2.78$5.22$2.44
2016Detailed filing. Detailed filing data is available for this year.$5.54$0.00$5.54$4.90$4.03$0.87
2015Detailed filing. Detailed filing data is available for this year.$4.67$0.00$4.67$4.61$3.45$1.16
2014Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$3.63$3.98$0.35
2013Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$3.88$3.80$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.00$3.77$3.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.00$3.68$2.99