Flowood Best EIN 20-1863857

Flowood Best

EIN  20-1863857 Business league / trade association Flowood, MS
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Improves business conditions and methods to boost commercial enterprises.
Leadership
Janet Reihle - End Date 41725 · Executive Director · $76K
Money in and out
$352K revenue, $330K expenses
Bottom line
+6% operating surplus

Improves business conditions and methods to boost commercial enterprises. For fiscal year 2024 it reported $352K in revenue, $330K in expenses, and $171K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$352K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$171K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Operating surplus
+6%
revenue over expenses▼ -56% vs prior filing year
Earned revenue
21%
of revenue from program services & dues▲ +24% vs prior filing year
Payroll share
39%
of spending is salaries & benefits▼ -8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$352K
FY2024▲ +5%
Expenses
$330K
FY2024▲ +15%
Total assets
$174K
FY2024▲ +14%
Total liabilities
$3K
FY2024▼ -25%
Total revenue
$352K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$171K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$174K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Promotion of economic development of all commercial enterprises in the city through group activities for education and training.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlowood Best
EINHdr · item D20-1863857
Principal addressHdr · item CFlowood, MS
WebsiteHdr · item Jwww.flowoodchamber.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$75,555Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Janet Reihle - End Date 41725’s $76K as Executive Director is at the 52nd percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gregory Wilcox$3,664$75,865
Janet Reihle - End Date 41725$75,555
Janet Reihle$73,208$67,625$54,667

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$279K · 79%
Program service revenue$72K · 21%
Contributions & grants79%$279K
Program service revenue21%$72K
— government grantsLn 1e$70K
Total revenueLn 12$352K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$174K
Total liabilitiesLn 26$3K
Total net assetsLn 32$171K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $164K · Operating expenses/yr $330K
6.0 months
Where the money goes
Program services
Program services — · Total expenses $330K
Management & General
Management & general — · Total expenses $330K
Fundraising
Fundraising — · Total expenses $330K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $352K
79%
Government reliance
Government grants $70K · Total revenue $352K
20%
Earned-income share
Program service revenue $72K · Total revenue $352K
21%
Investment reliance
Investment income $0 · Total revenue $352K
0%
Program self-sufficiency
Program service revenue $72K · Total expenses $330K
22%
Growth & trend
Revenue growth (YoY)
This year $352K · Prior year $335K
+5%
Revenue CAGR
FY2020 $280K · FY2024 $352K
+6%
Net-asset trend (YoY)
End of year $171K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $352K · Expenses $330K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $174K
Net-asset ratio
Net assets $171K · Total assets $174K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $174K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janet Reihle - End Date 41725 · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $76K · Total expenses $330K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $129K · Total expenses $330K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $51K · 2023–2024
Magnolia Crappie ClubFY2024$12,500
Unitemized GrantFY2023$6,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$352K revenue · viewing · ⤓ 990 PDF
FY2023$335K revenue · ⤓ 990 PDF
FY2022$183K revenue · ⤓ 990 PDF
FY2021$208K revenue · ⤓ 990 PDF
FY2020$280K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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