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Choctaw County Economic Development Foundation FY2023 filing

Ackerman, MSUnknown exempt organization EIN 27-0048587Revenue $89K in FY2023

On file with the IRSchoctawcountyms.comPo Box 737 · Ackerman, MS

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CCEDF was formed in 1987 to accept private contributions in support of economic development and conduct certain activities which the governmental economic development district are not permitted

51¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $11K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 31.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
-13% vs prior year
Spent
$82K
To programs
51%
Net assets
$518K
By yearFY2021–FY2025
Revenue
$89K
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2021$74K
FY2022$102K
FY2023$89K
FY2024$100K
FY2025$125K
Expenses
$82K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$91K
FY2022$80K
FY2023$82K
FY2024$83K
FY2025$97K
Net assets
$518K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$489K
FY2022$511K
FY2023$518K
FY2024$533K
FY2025$562K

From the FY2023 Form 990 (year ending March 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $42K Management & general 49% · $40K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Cristen Chandler
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cheryl McIntire
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Choctaw County Economic Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports economic development through private contributions and activities government districts cannot perform.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The foundation owns and maintains the community center for choctaw county. The facility is rented out to various groups and businesses to promote choctaw county as a destination.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$89K
Ln 12
Gifts and grantsLn 1h$93K
Fees for servicesLn 2g$3K
Investment incomeLn 3$154
Money outPt IX
$82K
Ln 25
Programscol B$42K
Managementcol C$40K
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$520K
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Fees for servicesLn 2g$3K
Investment incomeLn 3$154
Gains on assetsLn 7$0
Total revenueLn 12$89K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
Land, buildings, equipmentLn 10c$302K
Total assetsLn 16$520K
LiabilitiesLn 26$3K
Net assetsLn 32$518K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$196K$218K
Land, buildings, equipmentLn 10c$318K$302K
Total assetsLn 16$514K$520K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$511K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Legal feesLn 11b$6K$0$6K$0
Accounting feesLn 11c$6K$0$6K$0
Advertising and promotionLn 12$2K$2K$0$0
Information technologyLn 14$3K$0$3K$0
OccupancyLn 16$19K$19K$0$0
TravelLn 17$5K$0$5K$0
Depreciation, depletion and amortizationLn 22$17K$0$17K$0
Other expenses (24a–d)Ln 24$16K$13K$3K$0
All other expensesLn 24e$3K$957$2K$0
Total functional expensesLn 25$82K$42K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $125K$97K$29K$562K 990 PDF
FY2024 $100K$83K$16K$533K 990 PDF
FY2023 Viewing $89K$82K$7K$518K 990 PDF
FY2022 $102K$80K$22K$511K 990 PDF
FY2021 $74K$91K−$18K$489K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $88,949 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,346$93,199
I-9 Program service revenuePrior year $8,866$3,484
I-10 Investment incomePrior year $46$154
I-11 Other revenuePrior year $4,467−$7,888
I-12 Total revenuePrior year $101,725$88,949
I-13 Grants and similar amounts paidPrior year $9,400$6,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $70,594$76,414
I-18 Total expensesPrior year $79,994$82,414
I-19 Revenue less expensesPrior year $21,731$6,535
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $88,949 across 7 lines filed
Lines not itemized here account for $3,484 of total revenue; see the IRS return.
VIII-1b Membership dues$22,750
VIII-1d Related organizations$70,449
VIII-1h Total contributions, gifts and grants$93,199
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $154$154
VIII-6 Net rental income or lossRelated to mission −$7,888−$7,888
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission −$4,404 · Unrelated business $0 · Excluded from tax $154$88,949
Part IX · Statement of functional expenses $82,414 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $6,000$6,000
IX-11b Legal feesPrograms $0 · Management $5,550 · Fundraising $0$5,550
IX-11c Accounting feesPrograms $0 · Management $5,750 · Fundraising $0$5,750
IX-12 Advertising and promotionPrograms $2,411 · Management $0 · Fundraising $0$2,411
IX-14 Information technologyPrograms $0 · Management $3,035 · Fundraising $0$3,035
IX-16 OccupancyPrograms $19,296 · Management $0 · Fundraising $0$19,296
IX-17 TravelPrograms $0 · Management $5,152 · Fundraising $0$5,152
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $16,642 · Fundraising $0$16,642
IX-24 Other expenses (24a–d)Programs $13,321 · Management $2,720 · Fundraising $0$16,041
IX-24e All other expensesPrograms $957 · Management $1,580 · Fundraising $0$2,537
IX-25 Total functional expensesPrograms $41,985 · Management $40,429 · Fundraising $0$82,414
Part X · Balance sheet $520,325 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $195,759$218,024
X-10c Land, buildings and equipment, netStart of year $318,060$302,301
X-16 Total assetsStart of year $513,819$520,325
X-17 Accounts payable and accrued expensesStart of year $1,712$683
X-25 Other liabilitiesStart of year $1,050$2,050
X-26 Total liabilitiesStart of year $2,762$2,733
X-27 Net assets without donor restrictionsStart of year $509,762$516,297
X-28 Net assets with donor restrictionsStart of year $1,295$1,295
X-32 Total net assets or fund balancesStart of year $511,057$517,592
X-33 Total liabilities and net assetsStart of year $513,819$520,325
Part XI · Reconciliation of net assets $517,592 net assets at year end
XI-1 Total revenue$88,949
XI-2 Total expenses$82,414
XI-3 Revenue less expenses$6,535
XI-4 Net assets at start of year$511,057
XI-10 Net assets at end of year$517,592

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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