Hancock County Communitydevelopment Foundation EIN 20-4809220 Form 990 (PDF) Claim this org

Hancock County Communitydevelopment Foundation FY2022 filing

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Boosts economic growth and aids disaster recovery in Hancock County. For fiscal year 2022 it reported $323K in revenue, $275K in expenses, and $415K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Bay St Louis, MS
Filings
5 on file (2020–2022)
Revenue
$323KFY2022
Expenses
$275K
Net assets
$415K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-4809220 Public charity (501(c)(3)) Bay St Louis, MS
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Boosts economic growth and aids disaster recovery in Hancock County.
Leadership
Angie Kothmann · Board Member
Money in and out
$323K revenue, $275K expenses
Bottom line
92% program efficiency
Where the money goes · FY2022
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$415K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
14.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$323K
FY2022▲ +54%
Expenses
$275K
FY2022▲ +34%
Total assets
$663K
FY2022▼ -24%
Total liabilities
$248K
FY2022▼ -51%
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$415K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$47K
Total assetsPt X · Ln 16$663K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $254K of program spending, described in the organization's own filed words · FY2022.
01

Incubation of not-for-profit causes program acts as an umbrella organization for various non-profit causes it has incubated ranging in focus from education to historic preservation.

$254Kprogram expense
02

Job generation fund program manages pass-through grants from federal and state agencies for purposes of economic development through the job generation fund that is passed to subrecipients in the form of forgivable loans.

Pt IX · col B
03

Hancock county chamber committees program is to support the various hancock county chamber committees

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHancock County Communitydevelopment Foundation
EINHdr · item D20-4809220
Principal addressHdr · item CBay St Louis, MS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1bpending
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Hancock County Communitydevelopment Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$294K · 91%
Other revenue$25K · 8%
Investment income$3K · 1%
Program service revenue91%$294K
Other revenue8%$25K
Investment income1%$3K
Total revenueLn 12$323K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$254K
Management & general8%$21K
Total functional expensesLn 25$275K

Balance Sheet

Part X · end of year
CashLn 1$326K
Total assetsLn 16$663K
Total liabilitiesLn 26$248K
Total net assetsLn 32$415K
Months of cash on handcomputed14.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses/yr $275K
14.2 months
Where the money goes
Program services
Program services $254K · Total expenses $275K
92%
Management & General
Management & general $21K · Total expenses $275K
8%
Fundraising
Fundraising $0 · Total expenses $275K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $323K
0%
Government reliance
Government grants — · Total revenue $323K
Earned-income share
Program service revenue $294K · Total revenue $323K
91%
Investment reliance
Investment income $3K · Total revenue $323K
+0.9%
Program self-sufficiency
Program service revenue $294K · Total expenses $275K
107%
Growth & trend
Revenue growth (YoY)
This year $323K · Prior year $210K
+54%
Net-asset trend (YoY)
End of year $415K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $323K · Expenses $275K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $663K
Net-asset ratio
Net assets $415K · Total assets $663K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $663K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angie Kothmann · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $275K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $275K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Revenue growth 54%
Accounting fee ratio 2%

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.

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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)$197K revenue · ⤓ 990 PDF
FY2023$443K revenue · ⤓ 990 PDF
FY2022$323K revenue · viewing · ⤓ 990 PDF
FY2021$210K revenue · ⤓ 990 PDF
FY2020$225K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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