Civic Intelligence

Southeastern Foundation Inc

990 • Fiscal year 2018 • EIN 73-0765384

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 11, 2018

PO Box 4187Durant, OK 74701

(580) 745-2000

Siviq Scores

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

Liabilities / Assets

50th percentile

0.26x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.86x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

56th percentile

3.9%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$33,283,597

Up $1,260,117 (+3.9%) from 2017

Net Assets

Up

$24,567,469

Up $1,155,434 (+4.9%) from 2017

Liabilities

Up

$8,716,128

Up $104,683 (+1.2%) from 2017

Revenue

Up

$4,685,838

Up $700,531 (+18%) from 2017

Expenses

Up

$3,560,732

Up $321,263 (+9.9%) from 2017

Net Income

Up

$1,125,106

Up $379,268 (+51%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $24,754,184Liabilities 2011: $9,360,776Net Assets 2011: $15,393,4082011Assets 2012: $27,109,925Liabilities 2012: $9,191,024Net Assets 2012: $17,918,9012012Assets 2013: $28,562,242Liabilities 2013: $9,028,223Net Assets 2013: $19,534,0192013Assets 2014: $30,399,908Liabilities 2014: $9,013,503Net Assets 2014: $21,386,4052014Assets 2015: $30,913,335Liabilities 2015: $8,950,726Net Assets 2015: $21,962,6092015Assets 2016: $31,679,269Liabilities 2016: $8,884,943Net Assets 2016: $22,794,3262016Assets 2017: $32,023,480Liabilities 2017: $8,611,445Net Assets 2017: $23,412,0352017Assets 2018: $33,283,597Liabilities 2018: $8,716,128Net Assets 2018: $24,567,4692018Assets 2019: $35,762,117Liabilities 2019: $8,389,718Net Assets 2019: $27,372,3992019Assets 2020: $36,653,849Liabilities 2020: $8,431,543Net Assets 2020: $28,222,3062020Assets 2021: $40,238,641Liabilities 2021: $8,166,716Net Assets 2021: $32,071,9252021Assets 2022: $38,185,590Liabilities 2022: $7,893,247Net Assets 2022: $30,292,3432022Assets 2023: $38,825,234Liabilities 2023: $7,865,786Net Assets 2023: $30,959,4482023Assets 2024: $42,206,684Liabilities 2024: $7,601,570Net Assets 2024: $34,605,1142024Assets 2025: $45,004,972Liabilities 2025: $7,239,276Net Assets 2025: $37,765,6962025

Highlighted filing

2018

Assets$33,283,597
Liabilities$8,716,128
Net Assets$24,567,469

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $2,263,3222011Revenue 2012: $4,288,316Expenses 2012: $2,104,421Net Income 2012: $2,183,8952012Revenue 2013: $3,993,442Expenses 2013: $2,194,723Net Income 2013: $1,798,7192013Revenue 2014: $2,996,612Expenses 2014: $2,361,006Net Income 2014: $635,6062014Revenue 2015: $3,949,807Expenses 2015: $2,614,300Net Income 2015: $1,335,5072015Revenue 2016: $3,879,352Expenses 2016: $2,700,097Net Income 2016: $1,179,2552016Revenue 2017: $3,985,307Expenses 2017: $3,239,469Net Income 2017: $745,8382017Revenue 2018: $4,685,838Expenses 2018: $3,560,732Net Income 2018: $1,125,1062018Revenue 2019: $5,122,933Expenses 2019: $3,518,372Net Income 2019: $1,604,5612019Revenue 2020: $5,023,055Expenses 2020: $3,310,314Net Income 2020: $1,712,7412020Revenue 2021: $5,666,827Expenses 2021: $5,262,955Net Income 2021: $403,8722021Revenue 2022: $3,597,142Expenses 2022: $2,766,879Net Income 2022: $830,2632022Revenue 2023: $3,429,687Expenses 2023: $2,949,054Net Income 2023: $480,6332023Revenue 2024: $4,407,777Expenses 2024: $3,443,825Net Income 2024: $963,9522024Revenue 2025: $5,879,706Expenses 2025: $3,938,057Net Income 2025: $1,941,6492025

Highlighted filing

2018

Revenue$4,685,838
Expenses$3,560,732
Net Income$1,125,106
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 11, 2018
Return Version
2017v2.2
Gross Receipts
$15,643,325
Mission and Program Overview

Mission

To provide scholarships and educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,751,383$23,269,948▲ $1,518,565
Land, Buildings, and Equipment, Net$6,279,371$6,047,934▼ $231,437
Cash and Non-Interest-Bearing Accounts$3,528,668$3,488,386▼ $40,282
Intangible Assets$108,746$102,591▼ $6,155
Savings and Temporary Cash Investments$58,924$58,983▲ $59
Accounts Receivable$19,399$35,527▲ $16,128
Prepaid Expenses and Deferred Charges$2,502$4,840▲ $2,338
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$32,023,480$33,283,597▲ $1,260,117
Other Assets Total$274,487$275,388▲ $901
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,853,825$7,604,533▼ $249,292
Grants Payable$664,110$830,700▲ $166,590
Accounts Payable and Accrued Expenses$15,422$188,343▲ $172,921
Deferred Revenue$41,771$57,388▲ $15,617
Other Liabilities$36,317$35,164▼ $1,153
Total Liabilities$8,611,445$8,716,128▲ $104,683
Net Assets / Fund Balance
Permanently Rstr Net Assets$13,413,669$13,457,169▲ $43,500
Temporarily Rstr Net Assets$9,766,238$10,973,408▲ $1,207,170
Unrestricted Net Assets$232,128$136,892▼ $95,236
Total Net Assets Fund Balance$23,412,035$24,567,469▲ $1,155,434
Total Liabilities and Net Assets / Fund Balance$32,023,480$33,283,597▲ $1,260,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,047,934$3,500,844$9,548,778
Compensation and Service Providers

Board Members and Trustees

NameTitle
John CareyChairman
Barry RossVice Chairman
Hk HatcherVice Chairman
Brett MortonTrustee
Brian CambpellTrustee
Charles MccallTrustee
Gary BattonTrustee
George ClarkTrustee
Jared JohnsonTrustee
Jenny SanchezTrustee
Jerry BuchananTrustee
Jim McguireTrustee
Sharla FrostTrustee
Trace SherrillTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,980,796
Program Service Revenue
$1,315,753
Investment Income
$1,160,879
Other Revenue
$228,410
All Other Contributions
$1,980,796
Change in Net Assets
$1,125,106

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art1$15,000Appraisal
Secur Prtnrshp Trust Intrsts1$13,420Comparable Sales
Other Non Cash Contri Table1$6,100Face Value
Securities Publicly Traded1$5,144Comparable Sales
Cars and Other Vehicles1$3,500Comparable Sales
Total Noncash Contributions5$43,164-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,685,838
Revenue Not Reported on Form 990
$104,548
Total Revenue per Audited Statements
$4,790,386
Total Revenue per Form 990
$4,685,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,560,732
Total Fundraising Expense$188,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$552,283-$61,520$613,803
Interest$440,437--$440,437
Depreciation Depletion$222,333$15,259-$237,592
All Other Expenses-$135,441$50,702$186,143
Fees for Service Investment Mgmnt Fees-$99,901-$99,901
Insurance$39,438$4,104-$43,542
Other Expenses$15,425$25,246$1,687$42,358
Fees for Services Accounting$2,581$12,569-$15,150
Total Functional Expenses$3,011,896$360,286$188,550$3,560,732

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,634,952
Expenses per Audited Statements$3,560,732
Total Expenses per Form 990$3,560,732
Expenses Not Reported on Form 990$74,220
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$167,310
Fundraising Direct Expenses$74,220
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$167,310$167,310$74,220$93,090
Total Events$167,310$167,310$74,220$93,090
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$35,164
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

The board is presented a copy of the 990 for acceptance prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members must sign a conflict of interest statement annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

A copy will be supplied upon written request.

Filing and Contact Details

Filer

Filer Name
Southeastern Foundation Inc
EIN
73-0765384
Phone
5807452000
Address
PO BOX 4187, DURANT, OK 74701

Signing Officer

Name
George Clark
Title
Trustee
Signed
2018-12-11
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
50

Preparer

Firm
HBC CPAs & Advisors
Address
9905 N May Avenue, Oklahoma City, OK 73120
Preparer
Marty Chisum CPA
Phone
4058487797
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special event direct expense $74220

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event direct expenses $74220

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
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IRS990/MissionDesc0TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0275388
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0UNIVERSITY ASSISTANCE
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IRS990/OtherExpensesGrp/Desc3OTHER
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt067766
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IRS990/OtherExpensesGrp/ProgramServicesAmt215425
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IRS990/OtherExpensesGrp/TotalAmt1855993
IRS990/OtherExpensesGrp/TotalAmt2142407
IRS990/OtherExpensesGrp/TotalAmt342358
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt013413669
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013457169
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11299262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11299262
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01116927
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01386132
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03239469
IRS990/PYOtherRevenueAmt0153355
IRS990/PYProgramServiceRevenueAmt01328893
IRS990/PYRevenuesLessExpensesAmt0745838
IRS990/PYTotalExpensesAmt03239469
IRS990/PYTotalRevenueAmt03985307
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01125106
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt073800
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt073800
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058924
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058983
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01997287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01134745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01258689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01365977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0516164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06272862
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0716630
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0617670
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0625671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0583494
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0587800
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03131265
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt073800
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt080268
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt043751
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt093256
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0130051
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0421126
IRS990ScheduleA/PublicSupportCY170Pct00.46450
IRS990ScheduleA/PublicSupportPY170Pct00.48740
IRS990ScheduleA/PublicSupportTotal170Amt04563426
IRS990ScheduleA/SubstantialContributorsTotAmt01709436
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$45.0$7.24$37.8$5.88$3.94$1.94
2024Detailed filing. Detailed filing data is available for this year.$42.2$7.60$34.6$4.41$3.44$0.96
2023Detailed filing. Detailed filing data is available for this year.$38.8$7.87$31.0$3.43$2.95$0.48
2022Detailed filing. Detailed filing data is available for this year.$38.2$7.89$30.3$3.60$2.77$0.83
2021Detailed filing. Detailed filing data is available for this year.$40.2$8.17$32.1$5.67$5.26$0.40
2020Detailed filing. Detailed filing data is available for this year.$36.7$8.43$28.2$5.02$3.31$1.71
2019Detailed filing. Detailed filing data is available for this year.$35.8$8.39$27.4$5.12$3.52$1.60
2018Detailed filing. Detailed filing data is available for this year.$33.3$8.72$24.6$4.69$3.56$1.13
2017Detailed filing. Detailed filing data is available for this year.$32.0$8.61$23.4$3.99$3.24$0.75
2016Detailed filing. Detailed filing data is available for this year.$31.7$8.88$22.8$3.88$2.70$1.18
2015Detailed filing. Detailed filing data is available for this year.$30.9$8.95$22.0$3.95$2.61$1.34
2014Detailed filing. Detailed filing data is available for this year.$30.4$9.01$21.4$3.00$2.36$0.64
2013Summary only. Only limited summary data is available for this year.$28.6$9.03$19.5$3.99$2.19$1.80
2012Summary only. Only limited summary data is available for this year.$27.1$9.19$17.9$4.29$2.10$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$9.36$15.4$2.26