Scholarship awards and operation of Chariton main street program fostering economic Development through historic preservation and operation of county economic Development program

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $67K a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $54K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
+10% vs prior year
Spent
$318K
To programs
84%
Net assets
$1.8M
By yearFY2021–FY2026
Revenue
$332K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$221K
FY2022$302K
FY2023$332K
FY2024$215K
FY2025$286K
FY2026$599K
Expenses
$318K
FY2023▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2021$143K
FY2022$185K
FY2023$318K
FY2024$246K
FY2025$315K
FY2026$346K
Net assets
$1.8M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$1.5M
FY2023$1.8M
FY2024$1.9M
FY2025$2.0M
FY2026$2.3M

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Dec 1995.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $266K Management & general 16% · $52K Fundraising 0% · $94

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Alicia McGee’s $46K as Director is at the 25th percentile of top reported officer pay among 1709 $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.

See Chariton Chamber and Development Charitable 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

Awards scholarships and runs a Main Street program to boost local economy through historic preservation.

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Provided by the organization

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3 programs · $266K · in their own filed words · FY2022
01

Administration and operation of local main street program fostering economic development in the context of historic preservation

$163Kprogram expense
02

Administration and investment of scholarship funds, selection of scholarship recipients, and distribution of scholarships

$72Kprogram expense
03

Operation of county economic development programs

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$54K
Grants paid · 37 grants · $358K · 2020–2025
Unitemized GrantFY2025$46,000
Unitemized GrantFY2025$12,000
Unitemized GrantFY2025$7,000
Unitemized GrantFY2025$5,000
Unitemized GrantFY2025$3,000
Unitemized GrantFY2025$2,000
Unitemized GrantFY2025$2,000
Unitemized GrantFY2024$46,000
Unitemized GrantFY2024$12,000
Unitemized GrantFY2024$4,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$44,000
Unitemized GrantFY2023$10,500
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$2,000
See all 37 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$332K
Ln 12
Gifts and grantsLn 1h$182K
Fees for servicesLn 2g$74K
Investment incomeLn 3$74K
Money outPt IX
$318K
Ln 25
Programscol B$266K
Managementcol C$52K
Fundraisingcol D$94
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$418K
Total assetsLn 16$1.8M
LiabilitiesLn 26$8K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$182K
Government grantsLn 1e$41K
Fees for servicesLn 2g$74K
Investment incomeLn 3$74K
Other incomeLn 4–11$2K
Gains on assetsLn 7$22K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$353K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$418K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$1.8M
LiabilitiesLn 26$8K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 52
VolunteersI 670
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$199K$418K
InvestmentsLn 11–13$1.3M$1.3M
Land, buildings, equipmentLn 10c$23K$22K
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$5K$8K
Net assetsLn 32$1.5M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$72K$72K
Other salaries and wagesLn 7$100K$75K$25K$0
Pension plan contributionsLn 8$1K$934$312$0
Payroll taxesLn 10$11K$9K$3K$0
Accounting feesLn 11c$373$0$373$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$7K$0$7K$94
Information technologyLn 14$2K$2K$0$0
OccupancyLn 16$10K$315$9K$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$5K$1K$4K$0
Other expenses (24a–d)Ln 24$93K$93K$0$0
All other expensesLn 24e$11K$9K$2K$0
Total functional expensesLn 25$318K$266K$52K$94

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $599K$346K$254K$2.3M 990 PDF
FY2025 $286K$315K−$29K$2.0M 990 PDF
FY2024 $215K$246K−$31K$1.9M 990 PDF
FY2023 Viewing $332K$318K$14K$1.8M 990 PDF
FY2022 $302K$185K$117K$1.5M 990 PDF
FY2021 $221K$143K$78K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $331,733 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,952$182,256
I-9 Program service revenuePrior year $39,246$73,742
I-10 Investment incomePrior year $101,973$73,574
I-11 Other revenuePrior year $9,970$2,161
I-12 Total revenuePrior year $302,141$331,733
I-13 Grants and similar amounts paidPrior year $57,000$72,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $71,339$112,195
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,492$133,454
I-18 Total expensesPrior year $184,831$317,649
I-19 Revenue less expensesPrior year $117,310$14,084
Part VI · Governance 6 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $331,733 across 8 lines filed
Lines not itemized here account for $2,343 of total revenue; see the IRS return.
VIII-1e Government grants$41,000
VIII-1f All other contributions, gifts and grants$141,256
VIII-1h Total contributions, gifts and grants$182,256
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$71,399
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $51,490$51,490
VIII-6 Net rental income or lossExcluded from tax $2,161$2,161
VIII-7 Net gain or loss on sales of assetsRelated to mission $29,751 · Unrelated business $0 · Excluded from tax −$7,667$22,084
VIII-12 Total revenueRelated to mission $103,493 · Unrelated business $0 · Excluded from tax $45,984$331,733
Part IX · Statement of functional expenses $317,649 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $72,000$72,000
IX-7 Other salaries and wagesPrograms $74,638 · Management $24,879 · Fundraising $0$99,517
IX-8 Pension plan contributionsPrograms $934 · Management $312 · Fundraising $0$1,246
IX-10 Payroll taxesPrograms $8,574 · Management $2,858 · Fundraising $0$11,432
IX-11c Accounting feesPrograms $0 · Management $373 · Fundraising $0$373
IX-12 Advertising and promotionPrograms $1,757 · Management $0 · Fundraising $0$1,757
IX-13 Office expensesPrograms $0 · Management $6,588 · Fundraising $94$6,682
IX-14 Information technologyPrograms $1,905 · Management $0 · Fundraising $0$1,905
IX-16 OccupancyPrograms $315 · Management $9,287 · Fundraising $0$9,602
IX-19 Conferences, conventions and meetingsPrograms $2,716 · Management $0 · Fundraising $0$2,716
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,505 · Fundraising $0$1,505
IX-23 InsurancePrograms $1,134 · Management $4,246 · Fundraising $0$5,380
IX-24 Other expenses (24a–d)Programs $92,896 · Management $0 · Fundraising $0$92,896
IX-24e All other expensesPrograms $8,943 · Management $1,695 · Fundraising $0$10,638
IX-25 Total functional expensesPrograms $265,812 · Management $51,743 · Fundraising $94$317,649
Part X · Balance sheet $1,785,227 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $126,017$353,486
X-2 Savings and temporary cash investmentsStart of year $72,999$64,316
X-10c Land, buildings and equipment, netStart of year $23,403$21,898
X-11 Publicly traded securitiesStart of year $1,310,508$1,345,527
X-16 Total assetsStart of year $1,532,927$1,785,227
X-25 Other liabilitiesStart of year $5,434$8,487
X-26 Total liabilitiesStart of year $5,434$8,487
X-32 Total net assets or fund balancesStart of year $1,527,493$1,776,740
X-33 Total liabilities and net assetsStart of year $1,532,927$1,785,227
Part XI · Reconciliation of net assets $1,776,740 net assets at year end
XI-1 Total revenue$331,733
XI-2 Total expenses$317,649
XI-3 Revenue less expenses$14,084
XI-4 Net assets at start of year$1,527,493
XI-5 Net unrealized gains (losses) on investments$40,567
XI-8 Prior period adjustments−$176
XI-9 Other changes in net assets$194,772
XI-10 Net assets at end of year$1,776,740

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

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