Monroeville Monroe County Economic Development Authority EIN 27-1235835 Form 990 (PDF) Claim this org

Monroeville Monroe County Economic Development Authority

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Promotes economic growth and development in Monroeville and Monroe County. For fiscal year 2024 it reported $241K in revenue, $124K in expenses, and $722K in net assets.Pt I

Founded
2009
Type
Business league / trade association · Community Development
Location
Monroeville, AL
Filings
5 on file (2020–2024)
Revenue
$241KFY2024
Expenses
$124K
Net assets
$722K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1235835 Business league / trade association Monroeville, AL Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes economic growth and development in Monroeville and Monroe County.
Leadership
Pete Black · Director
Money in and out
$241K revenue, $124K expenses
Bottom line
+49% operating surplus
Membership & operating revenue · FY2024
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$722K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $117K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Operating surplus
+49%
revenue over expenses▲ +4% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
67%
of spending is salaries & benefits▲ +12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$241K
FY2024▼ -5%
Expenses
$124K
FY2024▼ -9%
Total assets
$727K
FY2024▲ +17%
Total liabilities
$5K
FY2024▲ +292%
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$722K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$117K
Total assetsPt X · Ln 16$727K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMonroeville Monroe County Economic Development Authority
EINHdr · item D27-1235835
Principal addressHdr · item CMonroeville, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2009
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

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

Through the contributions of businesses, local government and private citizens, the enity was able to promote the assets of monroeville and other communities located in monroe county.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$223K · 93%
Investment income$18K · 7%
Contributions & grants93%$223K
Investment income7%$18K
— government grantsLn 1e$156K
Total revenueLn 12$241K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$118K
Management & general5%$7K
Total functional expensesLn 25$124K

Balance Sheet

Part X · end of year
CashLn 1$697K
Total assetsLn 16$727K
Total liabilitiesLn 26$5K
Total net assetsLn 32$722K
Months of cash on handcomputed67.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $697K · Operating expenses/yr $124K
67.4 months
Where the money goes
Program services
Program services $118K · Total expenses $124K
95%
Management & General
Management & general $7K · Total expenses $124K
5%
Fundraising
Fundraising $0 · Total expenses $124K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $173K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $241K
93%
Government reliance
Government grants $156K · Total revenue $241K
65%
Earned-income share
Program service revenue $0 · Total revenue $241K
0%
Investment reliance
Investment income $18K · Total revenue $241K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $124K
0%
Growth & trend
Revenue growth (YoY)
This year $241K · Prior year $255K
-5%
Revenue CAGR
FY2019 $226K · FY2024 $241K
+1%
Net-asset trend (YoY)
End of year $722K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $241K · Expenses $124K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $727K
Net-asset ratio
Net assets $722K · Total assets $727K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $727K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pete Black · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $124K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $84K · Total expenses $124K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth -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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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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$255K revenue · ⤓ 990 PDF
FY2023$249K revenue · ⤓ 990 PDF
FY2022$262K revenue · ⤓ 990 PDF
FY2021$238K revenue · ⤓ 990 PDF
FY2020$226K 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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