Civic Intelligence

Municipal Resource Partners Corp

EIN 85-1803497 • 501(c)4 • Valdosta, GA

Profile

Promote the social welfare of the citizens of municipalities by identifying, attracting and locating new business, industry and housing

109 S Ashley StreetValdosta, GA 31601
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

12th percentile

-57%

Higher net margin than 12% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

91st percentile

$2,700

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

45th percentile

-4.2%

Faster asset growth than 45% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-99%

Faster revenue growth than 5% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$456,235

Down $20,092 (-4.2%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$456,235

Down $20,092 (-4.2%) from 2020

Operations
Liabilities / Revenue61st percentileNet Margin12th percentile

Revenue

Down

$35,001

Down $5,965,199 (-99%) from 2020

Expenses

Down

$55,093

Down $5,468,780 (-99%) from 2020

Net Income

Down

-$20,092

Down $496,419 (-104%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2020: $476,327Liabilities 2020: $0Net Assets 2020: $476,3272020Assets 2021: $456,235Liabilities 2021: $0Net Assets 2021: $456,2352021

Highlighted filing

2021

Assets$456,235
Liabilities$0
Net Assets$456,235
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $6,000,200Expenses 2020: $5,523,873Net Income 2020: $476,3272020Revenue 2021: $35,001Expenses 2021: $55,093Net Income 2021: -$20,0922021

Highlighted filing

2021

Revenue$35,001
Expenses$55,093
Net Income-$20,092
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$456,235
Liabilities
$0
Net assets
$456,235
Revenue
$35,001
Expenses
$55,093
Net income
-$20,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.04$0.06$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$6.00$5.52$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 3, 2022
Return Version
2021v4.2
Gross Receipts
$35,001
Mission and Program Overview

Mission

Promote the social welfare of the citizens of municipalities by identifying, attracting and locating new business, industry and housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$476,327$456,235▼ $20,092
Rtn Earn Endowment Incm Other Fnds$476,327$456,235▼ $20,092
Total Assets$476,327$456,235▼ $20,092
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$476,327$456,235▼ $20,092
Total Liabilities and Net Assets / Fund Balance$476,327$456,235▼ $20,092
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleBaseTotal
Byron KingPresident$2,700$2,700

Board Members and Trustees

NameTitle
Thompson KurrieAssistant Secretary
Darold Honore JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$35,000
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-20,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,393
Salaries, Compensation, and Employee Benefits$2,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$41,733--$41,733
Fees for Services Accounting$6,344--$6,344
Occupancy$3,550--$3,550
Current Officers, Directors, Trustees, and Key Employees$2,700--$2,700
Fees for Services Other$500--$500
Office Expenses$266--$266
Total Functional Expenses$55,093$0$0$55,093
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“President of governing body reviewed documents”

Governing documents etc available to public Part VI line 19

“All documents are open to the public for review”

Filing and Contact Details

Filer

Filer Name
Municipal Resource Partners Corp
EIN
85-1803497
Address
109 S Ashley Street, Valdosta, GA 31601

Signing Officer

Name
Byron King
Title
President
Phone
4709853761
Signed
2022-10-03
Discuss with paid preparer
No

Organization Details

Formed
2020
Legal Domicile
Ga
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Bookkeeping At Its Best
Address
2366 Saint James Dr NW, Atlanta, GA 30318
Preparer
Thea Mitchell
Phone
6784465800
Supplemental Narrative

Additional Explanations

Not undergone required audits or steps for audit part XII line 3B

“Board is corrently in the process of obtaining an audit for review, but as of the date of this return has not.”

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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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