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Natchez INC FY2020 filing

Not tax-deductible

Natchez, MS501(c)(6)Community DevelopmentEIN 27-1683576Revenue $431K in FY2020

On file with the IRSnatchezinc.com100 S Pearl St, 39120-3431 · Natchez, MSTax-exempt since Dec 2010

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The organization's sole purpose is to foster economic development in Natchez and Adams County by combining the efforts of public and private support.

72¢ of each $1 spent went to programs.
$166K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
1 of 5
filings with a surplus
Average deficit $21K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$166K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$179K
32% of total assets
Looks good: liabilities are 32% 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
$431K
Spent
$439K
To programs
72%
Net assets
$377K
By yearFY2020–FY2025
Revenue
$431K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$431K
FY2021$511K
FY2022$462K
FY2023$405K
FY2023$414K
FY2025$437K
Expenses
$439K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$439K
FY2021$443K
FY2022$486K
FY2023$528K
FY2023$474K
FY2025$452K
Net assets
$377K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$446K
FY2022$422K
FY2023$298K
FY2023$238K
FY2025$223K

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 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 ruling in Dec 2010.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $317K Management & general 28% · $123K

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

9 people listed on the 990; $166K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chandler Russ
Executive Director
$165,500Pt VII · Sec A
Lyn Jenkins
Director
$0Pt VII · Sec A
Ricky Knapp
Secretary/Treasurer
$0Pt VII · Sec A
Jack Stephens
Exofficio
$0Pt VII · Sec A
Jerry Lyles
Director
$0Pt VII · Sec A
Pat Biglane
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Byrd
Director
$0Pt VII · Sec A

Chandler Russ’s $177K as Executive Di is at the 95th percentile of top reported officer pay among 1708 $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 · 1 named individual · Part VII

NameFY2025FY2023FY2023FY2022FY2021FY2020
Chandler Russ$176,682$176,682$183,000$182,349$165,500$165,500

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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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

Drives economic growth in Natchez and Adams County through public and private partnerships.

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Provided by the organization

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2 programs · $317K · in their own filed words · FY2019
01

The organiztion's sole purpose is to foster economic development in Natchez and Adams County by combining the efforts of public and private support.

$317Kprogram expense
02

The mission of Natchez, Inc. is to improve economic development opportunities for Natchez and Adams County through the advancement of commercial, industrial, agricultural and civic interest or the City and County.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$426K
Investment incomeLn 3$5K
Money outPt IX
$439K
Ln 25
Programscol B$317K
Managementcol C$123K
Owns and owesPt X
$377K
net assets · Ln 32
Cash and savingsLn 1–2$342K
Total assetsLn 16$557K
LiabilitiesLn 26$179K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Investment incomeLn 3$5K
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$214K
Cash and savings togetherLn 1–2$342K
Land, buildings, equipmentLn 10c$37K
Other assetsLn 15$61K
Total assetsLn 16$557K
LiabilitiesLn 26$179K
Net assetsLn 32$377K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY20End FY20
Cash and savingsLn 1–2$398K$342K
Land, buildings, equipmentLn 10c$3K$37K
Total assetsLn 16$652K$557K
LiabilitiesLn 26$266K$179K
Net assetsLn 32$386K$377K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$218K$218K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$31K$31K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$6K$2K$4K
Advertising and promotionLn 12$23K$2K$21K
Office expensesLn 13$25K$940$24K
Information technologyLn 14$1K$1K
OccupancyLn 16$12K$12K
TravelLn 17$13K$4K$9K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$39K$39K
Total functional expensesLn 25$439K$317K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $437K$452K−$15K$223K 990 PDF
FY2024 Not on file
FY2023 $405K$528K−$123K$298K 990 PDF
FY2022 $462K$486K−$24K$422K 990 PDF
FY2021 $511K$443K$68K$446K 990 PDF
FY2020 Viewing $431K$439K−$8K$377K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $430,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $450,332$425,805
I-9 Program service revenuePrior year $592$0
I-10 Investment incomePrior year $4,360$5,082
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $455,284$430,887
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $271,860$269,536
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $152,876$169,831
I-18 Total expensesPrior year $424,736$439,367
I-19 Revenue less expensesPrior year $30,548−$8,480
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 $430,887 across 4 lines filed
VIII-1b Membership dues$425,805
VIII-1h Total contributions, gifts and grants$425,805
VIII-3 Investment incomeRelated to mission $5,082$5,082
VIII-12 Total revenueRelated to mission $5,082 · Unrelated business $0 · Excluded from tax $0$430,887
Part IX · Statement of functional expenses $439,367 across 16 lines filed
IX-7 Other salaries and wagesPrograms $217,754$217,754
IX-8 Pension plan contributionsPrograms $6,517$6,517
IX-9 Other employee benefitsPrograms $30,529$30,529
IX-10 Payroll taxesPrograms $14,736$14,736
IX-11c Accounting feesManagement $30,858$30,858
IX-11g Other fees for servicesPrograms $2,210 · Management $3,575$5,785
IX-12 Advertising and promotionPrograms $2,027 · Management $20,712$22,739
IX-13 Office expensesPrograms $940 · Management $23,609$24,549
IX-14 Information technologyManagement $1,000$1,000
IX-16 OccupancyManagement $12,384$12,384
IX-17 TravelPrograms $3,516 · Management $9,436$12,952
IX-19 Conferences, conventions and meetingsManagement $9,318$9,318
IX-22 Depreciation, depletion and amortizationManagement $1,083$1,083
IX-23 InsuranceManagement $2,111$2,111
IX-24 Other expenses (24a–d)Management $8,497$8,497
IX-24e All other expensesPrograms $38,555$38,555
IX-25 Total functional expensesPrograms $316,784 · Management $122,583 · Fundraising $0$439,367
Part X · Balance sheet $556,621 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $188,273$127,789
X-2 Savings and temporary cash investmentsStart of year $209,276$213,905
X-4 Accounts receivableStart of year $101,195$116,300
X-9 Prepaid expenses and deferred chargesStart of year $5,000$988
X-10c Land, buildings and equipment, netStart of year $3,316$36,709
X-15 Other assetsStart of year $145,152$60,930
X-16 Total assetsStart of year $652,212$556,621
X-17 Accounts payable and accrued expensesStart of year $1,740$52
X-25 Other liabilitiesStart of year $264,561$179,138
X-26 Total liabilitiesStart of year $266,301$179,190
X-27 Net assets without donor restrictionsStart of year $360,911$352,431
X-28 Net assets with donor restrictionsStart of year $25,000$25,000
X-32 Total net assets or fund balancesStart of year $385,911$377,431
X-33 Total liabilities and net assetsStart of year $652,212$556,621
Part XI · Reconciliation of net assets $377,431 net assets at year end
XI-1 Total revenue$430,887
XI-2 Total expenses$439,367
XI-3 Revenue less expenses−$8,480
XI-4 Net assets at start of year$385,911
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$377,431

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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