Civic Intelligence

Panola College Foundation

990 • Fiscal year 2020 • EIN 75-1846813

Sep 01, 2019 to Aug 31, 2020 • Filed on Jan 12, 2022

Organization ProfilePANOLA.EDU/PANOLA-FOUNDATION/INDEX.HTML
1109 W Panola StCarthage, TX 75633

(903) 693-2025

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.16x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

94th percentile

66%

Higher net margin than 94% 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

59th percentile

10%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

90th percentile

76%

Faster revenue growth than 90% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$3,638,363

Up $337,057 (+10%) from 2019

Net Assets

Up

$3,562,481

Up $305,204 (+9.4%) from 2019

Liabilities

Up

$75,882

Up $31,853 (+72%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin94th percentile

Revenue

Up

$464,243

Up $199,776 (+76%) from 2019

Expenses

Up

$159,039

Up $73,541 (+86%) from 2019

Net Income

Up

$305,204

Up $126,235 (+71%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $947,087Liabilities 2011: $5,708Net Assets 2011: $941,3792011Assets 2012: $1,306,036Liabilities 2012: $4,477Net Assets 2012: $1,301,5592012Assets 2013: $1,696,193Liabilities 2013: $210Net Assets 2013: $1,695,9832013Assets 2014: $2,038,389Liabilities 2014: $330Net Assets 2014: $2,038,0592014Assets 2015: $2,149,156Liabilities 2015: $0Net Assets 2015: $2,149,1562015Assets 2016: $2,331,982Liabilities 2016: $0Net Assets 2016: $2,331,9822016Assets 2017: $3,255,621Liabilities 2017: $0Net Assets 2017: $3,255,6212017Assets 2018: $3,120,349Liabilities 2018: $19,455Net Assets 2018: $3,100,8942018Assets 2019: $3,301,306Liabilities 2019: $44,029Net Assets 2019: $3,257,2772019Assets 2020: $3,638,363Liabilities 2020: $75,882Net Assets 2020: $3,562,4812020Assets 2021: $4,449,308Liabilities 2021: $23,556Net Assets 2021: $4,425,7522021Assets 2022: $3,827,134Liabilities 2022: $45,066Net Assets 2022: $3,782,0682022Assets 2023: $4,231,408Liabilities 2023: $54,228Net Assets 2023: $4,177,1802023Assets 2024: $4,956,864Liabilities 2024: $40,952Net Assets 2024: $4,915,9122024

Highlighted filing

2020

Assets$3,638,363
Liabilities$75,882
Net Assets$3,562,481
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $183,475Expenses 2011: $19,679Net Income 2011: $163,7962011Revenue 2012: $399,164Expenses 2012: $38,984Net Income 2012: $360,1802012Revenue 2013: $555,691Expenses 2013: $161,267Net Income 2013: $394,4242013Revenue 2014: $390,724Expenses 2014: $48,648Net Income 2014: $342,0762014Revenue 2015: $263,464Expenses 2015: $152,367Net Income 2015: $111,0972015Revenue 2016: $307,403Expenses 2016: $124,871Net Income 2016: $182,5322016Revenue 2017: $1,008,386Expenses 2017: $84,747Net Income 2017: $923,6392017Revenue 2018: $853,587Expenses 2018: $1,008,314Net Income 2018: -$154,7272018Revenue 2019: $264,467Expenses 2019: $85,498Net Income 2019: $178,9692019Revenue 2020: $464,243Expenses 2020: $159,039Net Income 2020: $305,2042020Revenue 2021: $945,282Expenses 2021: $82,011Net Income 2021: $863,2712021Revenue 2022: $348,995Expenses 2022: $150,356Net Income 2022: $198,6392022Revenue 2023: $322,364Expenses 2023: $169,266Net Income 2023: $153,0982023Revenue 2024: $590,142Expenses 2024: $178,364Net Income 2024: $411,7782024

Highlighted filing

2020

Revenue$464,243
Expenses$159,039
Net Income$305,204
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jan 12, 2022
Return Version
2019v5.2
Gross Receipts
$476,464
Mission and Program Overview

Mission

The foundation's purpose is to strengthen the educational resources of panola college by encouraging a program of benefactions to the college.

To foundation's purpose is to strengthen the educational resources of panola college by encouraging a program of benefactions to the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,923,897$3,292,608▲ $368,711
Cash and Non-Interest-Bearing Accounts$377,409$345,755▼ $31,654
Total Assets$3,301,306$3,638,363▲ $337,057
Liabilities
Accounts Payable and Accrued Expenses$44,029$75,882▲ $31,853
Total Liabilities$44,029$75,882▲ $31,853
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,872,173$2,141,763▲ $269,590
Net Assets Without Donor Restrictions$1,385,104$1,420,718▲ $35,614
Total Net Assets Fund Balance$3,257,277$3,562,481▲ $305,204
Total Liabilities and Net Assets / Fund Balance$3,301,306$3,638,363▲ $337,057
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Dr John RayChair
Mr Robert ShermanVice Chair
Mr Bobby PhillipsMember
Mr Jonathan PerlmanMember
Mr Ray SchiefferMember
Mr Robbie ShoultsMember
Mr Robert ShermanMember
Mr Steve WilliamsMember
Mr Will LucasMember
Ms Carolyn MurphyMember
Ms Ginger BordersMember
Ms Kathleen KruebbeMember
Ms Sandra PayneMember
Ms Sharon IveyMember
Ms Sonya BrasherMember
Ms Tracy ShoultsMember
Ms Vicky HudsonMember
Ms Patricia SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$95,689
Program Service Revenue
$0
Investment Income
$357,314
Other Revenue
$11,240
All Other Contributions
$95,689
Change in Net Assets
$305,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$157,309
Other Expenses$1,730
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$103,473--$103,473
Grants to Domestic Orgs$53,836--$53,836
Office Expenses-$1,730-$1,730
Total Functional Expenses$157,309$1,730$0$159,039
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Panola CollegeCarthage, TX-To Strengthen the Educational Resources of Panola College by Encouraging Benefactions to the College.$53,836
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,145
Fundraising Direct Expenses$12,221
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Designer Purse Bling$23,145$23,145$12,221$10,924
Total Events$23,145$23,145$12,221$10,924
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
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by a third party and it is reviewed before it is filed. A copy of the return is provided to the foundation and it is made available upon request to the members.”

Form 990, Part VI, Section B, Line 12C

“The board is reminded at each meeting about the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Financial data is made available upon request.”

Filing and Contact Details

Filer

Filer Name
Panola College Foundation
EIN
75-1846813
Phone
9036932025
Address
1109 W PANOLA ST, CARTHAGE, TX 75633

Signing Officer

Name
Dr John Ray
Title
Chairman
Phone
9036932044
Signed
2022-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr John Ray
Formed
1982
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Alexander Lankford & Hiers Inc
Address
4000 S MEDFORD DRIVE, LUFKIN, TX 75901
Preparer
Yvette Sidnell CPA
Phone
9366327771
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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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IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0311
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0311
IRS990/OtherRevenueTotalAmt0311
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR JOHN RAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR QUALIFYING PANOLA COLLEGE STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0103473
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0103473
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0202133
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt083017
IRS990/PYInvestmentIncomeAmt091436
IRS990/PYOtherExpensesAmt02481
IRS990/PYOtherRevenueAmt0-51688
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0156383
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt085498
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0241881
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0305204
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt05
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0118834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0202133
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0629710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0718297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01827189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0103994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt091436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt079829
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0115083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063583
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0453925
IRS990ScheduleA/PublicSupportCY170Pct00.80100
IRS990ScheduleA/PublicSupportPY170Pct00.83200
IRS990ScheduleA/PublicSupportTotal170Amt01827189
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0118834
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0202133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0629710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0718297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158215
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01827189
IRS990ScheduleA/TotalSupportAmt02281114
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012221
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DESIGNER PURSE BLING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023145
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023145
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023145
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023145
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010924
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012221
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012221
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0103473
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0109
IRS990ScheduleI/RecipientTable/CashGrantAmt053836
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING BENEFACTIONS TO THE COLLEGE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PANOLA COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0751854775
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01109 W PANOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CARTHAGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075633
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY A THIRD PARTY AND IT IS REVIEWED BEFORE IT IS FILED. A COPY OF THE RETURN IS PROVIDED TO THE FOUNDATION AND IT IS MADE AVAILABLE UPON REQUEST TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS REMINDED AT EACH MEETING ABOUT THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL DATA IS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03301306
IRS990/TotalAssetsEOYAmt03638363
IRS990/TotalAssetsGrp/BOYAmt03301306
IRS990/TotalAssetsGrp/EOYAmt03638363
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt095689
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01730
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0157309
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159039
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044029
IRS990/TotalLiabilitiesEOYAmt075882
IRS990/TotalLiabilitiesGrp/BOYAmt044029
IRS990/TotalLiabilitiesGrp/EOYAmt075882
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03257277
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03562481
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0157309
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010924
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0357630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0464243
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03301306
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03638363
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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Filings

Displayed year

2020 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,638,363
Liabilities
$75,882
Net assets
$3,562,481
Revenue
$464,243
Expenses
$159,039
Net income
$305,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.96$0.04$4.92$0.59$0.18$0.41
2023Detailed filing. Detailed filing data is available for this year.$4.23$0.05$4.18$0.32$0.17$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.83$0.05$3.78$0.35$0.15$0.20
2021Detailed filing. Detailed filing data is available for this year.$4.45$0.02$4.43$0.95$0.08$0.86
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.08$3.56$0.46$0.16$0.31
2019Summary only. Only limited summary data is available for this year.$3.30$0.04$3.26$0.26$0.09$0.18
2018Summary only. Only limited summary data is available for this year.$3.12$0.02$3.10$0.85$1.01$0.15
2017Summary only. Only limited summary data is available for this year.$3.26$0.00$3.26$1.01$0.08$0.92
2016Summary only. Only limited summary data is available for this year.$2.33$0.00$2.33$0.31$0.12$0.18
2015Summary only. Only limited summary data is available for this year.$2.15$0.00$2.15$0.26$0.15$0.11
2014Summary only. Only limited summary data is available for this year.$2.04$0.00$2.04$0.39$0.05$0.34
2013Summary only. Only limited summary data is available for this year.$1.70$0.00$1.70$0.56$0.16$0.39
2012Summary only. Only limited summary data is available for this year.$1.31$0.00$1.30$0.40$0.04$0.36
2011Summary only. Only limited summary data is available for this year.$0.95$0.01$0.94$0.18$0.02$0.16