Flowood Best EIN 20-1863857

Flowood Best FY2023 filing

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Improves business conditions and methods to boost commercial enterprises. For fiscal year 2023 it reported $335K in revenue, $287K in expenses, and $149K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Flowood, MS
Website
www.flowoodchamber.com
Filings
5 on file (2020–2023)
Revenue
$335KFY2023
Expenses
$287K
Net assets
$149K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1863857 Business league / trade association Flowood, MS
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves business conditions and methods to boost commercial enterprises.
Leadership
Janet Reihle · Executive Director · $73K
Money in and out
$335K revenue, $287K expenses
Bottom line
+14% operating surplus
Membership & operating revenue · FY2023
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $48K
Operating surplus
+14%
revenue over expenses
Earned revenue
17%
of revenue from program services & dues
Payroll share
43%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$335K
FY2023▲ +83%
Expenses
$287K
FY2023▲ +14%
Total assets
$153K
FY2023▲ +46%
Total liabilities
$4K
FY2023▲ +9%
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$48K
Total assetsPt X · Ln 16$153K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
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 1a14
Independent voting membersPt VI · Ln 1b14
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
Executive Director
$73,208Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past President
$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$278K · 83%
Program service revenue$55K · 17%
Contributions & grants83%$278K
Program service revenue17%$55K
Other revenue$2K
— government grantsLn 1e$106K
Total revenueLn 12$335K

Balance Sheet

Part X · end of year
CashLn 1$133K
Total assetsLn 16$153K
Total liabilitiesLn 26$4K
Total net assetsLn 32$149K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $133K · Operating expenses/yr $287K
5.5 months
Where the money goes
Program services
Program services — · Total expenses $287K
Management & General
Management & general — · Total expenses $287K
Fundraising
Fundraising — · Total expenses $287K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $278K · Total revenue $335K
83%
Government reliance
Government grants $106K · Total revenue $335K
32%
Earned-income share
Program service revenue $55K · Total revenue $335K
17%
Investment reliance
Investment income $0 · Total revenue $335K
0%
Program self-sufficiency
Program service revenue $55K · Total expenses $287K
19%
Growth & trend
Revenue growth (YoY)
This year $335K · Prior year $183K
+83%
Net-asset trend (YoY)
End of year $149K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $335K · Expenses $287K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $153K
Net-asset ratio
Net assets $149K · Total assets $153K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $153K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janet Reihle · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $73K · Total expenses $287K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $122K · Total expenses $287K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 83%
Accounting fee ratio 4%

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 · ⤓ 990 PDF
FY2023$335K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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