To strengthen Saline county by supporting existing businesses, fostering enterprenurship, providing workforce Development, and expanding innovation opportunities.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
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
6 of 6
filings with a surplus
Average surplus $109K a year · 30% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
29 mo
of spending, in cash
Looks good: 28.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$441K
+22% vs prior year
Spent
$328K
To programs
96%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$441K
FY2025▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$356K
FY2021$353K
FY2022$309K
FY2023$359K
FY2024$362K
FY2025$441K
Expenses
$328K
FY2025▲ +87%
Tap a bar for its year
Expenses by fiscal year
FY2020$215K
FY2021$230K
FY2022$250K
FY2023$323K
FY2024$176K
FY2025$328K
Net assets
$1.7M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.6M
FY2025$1.7M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1994.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $317K Management & general 4% · $12K

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
Board Member
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2020
Cydney Mayfield$93,143—
Sandy Allison—$60,000

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.

See Marshall-Saline Development Corporation 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 15aYes

Programs and updates

Boosts county economic growth through strategic initiatives and support.

Questions for Marshall-Saline Development Corporation

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Provided by the organization

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3 programs · $317K · in their own filed words · FY2025
01

Providing information to existing and prospective employers, providing information and resources for small and disadvantaged businesses, providing support for women owned and minority owned small businesses through education, workforce training, and program support, maintaining county-wide database (lois 1), and writing grants for…

$193Kprogram expense
02

Affordable housing for the developmentally disabled.

$63Kprogram expense
03

Advertising, maintenance, and development of industrial park land.

$60Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2023–2023
Marshall Public SchoolsFY2023$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$441K
Ln 12
Fees for servicesLn 2g$244K
Investment incomeLn 3$100K
Gifts and grantsLn 1h$97K
Money outPt IX
$328K
Ln 25
Programscol B$317K
Managementcol C$12K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$791K
Total assetsLn 16$1.8M
LiabilitiesLn 26$7K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$45K
Fees for servicesLn 2g$244K
Investment incomeLn 3$100K
Other incomeLn 4–11$66
Gains on assetsLn 7$79K
Total revenueLn 12$441K
Assets in detailPt X, end of year
CashLn 1$791K
Cash and savings togetherLn 1–2$791K
Land, buildings, equipmentLn 10c$915K
Other assetsLn 15$3K
Total assetsLn 16$1.8M
LiabilitiesLn 26$7K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$696K$791K
Land, buildings, equipmentLn 10c$883K$915K
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$10K$7K
Net assetsLn 32$1.6M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$118K$118K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$6$6
Accounting feesLn 11c$17K$14K$3K
Other fees for servicesLn 11g$22K$17K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$5K$1K
TravelLn 17$2K$2K
InterestLn 20$40$40
Depreciation, depletion and amortizationLn 22$47K$47K
InsuranceLn 23$14K$11K$3K
Other expenses (24a–d)Ln 24$69K$69K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$328K$317K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $441K$328K$113K$1.7M 990 PDF
FY2024 $362K$176K$186K$1.6M 990 PDF
FY2023 $359K$323K$36K$1.4M 990 PDF
FY2022 $309K$250K$59K$1.4M 990 PDF
FY2021 $353K$230K$123K$1.4M 990 PDF
FY2020 $356K$215K$141K$1.2M 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 FY2025 990 (6 parts)
Part I · Summary $441,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,284$97,108
I-9 Program service revenuePrior year $245,100$243,700
I-10 Investment incomePrior year $14,488$100,461
I-11 Other revenuePrior year $50$66
I-12 Total revenuePrior year $361,922$441,335
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 $43,629$126,557
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $132,406$201,756
I-18 Total expensesPrior year $176,035$328,313
I-19 Revenue less expensesPrior year $185,887$113,022
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $441,335 across 8 lines filed
VIII-1e Government grants$45,000
VIII-1f All other contributions, gifts and grants$52,108
VIII-1h Total contributions, gifts and grants$97,108
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $243,700$243,700
VIII-3 Investment incomeExcluded from tax $21,511$21,511
VIII-7 Net gain or loss on sales of assetsRelated to mission $78,950$78,950
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $66$66
VIII-12 Total revenueRelated to mission $322,650 · Unrelated business $0 · Excluded from tax $21,577$441,335
Part IX · Statement of functional expenses $328,313 across 13 lines filed
IX-7 Other salaries and wagesPrograms $117,605$117,605
IX-10 Payroll taxesPrograms $8,952$8,952
IX-11b Legal feesPrograms $6$6
IX-11c Accounting feesPrograms $13,877 · Management $3,469$17,346
IX-11g Other fees for servicesPrograms $17,341 · Management $4,335$21,676
IX-12 Advertising and promotionPrograms $1,850$1,850
IX-13 Office expensesPrograms $4,854 · Management $1,213$6,067
IX-17 TravelPrograms $1,665$1,665
IX-20 InterestPrograms $40$40
IX-22 Depreciation, depletion and amortizationPrograms $47,265$47,265
IX-23 InsurancePrograms $11,143 · Management $2,786$13,929
IX-24 Other expenses (24a–d)Programs $68,766$68,766
IX-24e All other expensesPrograms $23,146$23,146
IX-25 Total functional expensesPrograms $316,510 · Management $11,803 · Fundraising $0$328,313
Part X · Balance sheet $1,752,822 assets, 14 lines filed
Asset lines not itemized here account for $30,400; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $696,368$790,897
X-4 Accounts receivableStart of year $25,600−$200
X-9 Prepaid expenses and deferred chargesStart of year $7,570$14,249
X-10c Land, buildings and equipment, netStart of year $882,968$914,653
X-15 Other assets$2,823
X-16 Total assetsStart of year $1,642,906$1,752,822
X-17 Accounts payable and accrued expensesStart of year $1,280$259
X-19 Deferred revenueStart of year $2,200$0
X-25 Other liabilitiesStart of year $6,706$6,823
X-26 Total liabilitiesStart of year $10,186$7,082
X-27 Net assets without donor restrictionsStart of year $1,601,884$1,714,904
X-28 Net assets with donor restrictionsStart of year $30,836$30,836
X-32 Total net assets or fund balancesStart of year $1,632,720$1,745,740
X-33 Total liabilities and net assetsStart of year $1,642,906$1,752,822
Part XI · Reconciliation of net assets $1,745,740 net assets at year end
XI-1 Total revenue$441,335
XI-2 Total expenses$328,313
XI-3 Revenue less expenses$113,022
XI-4 Net assets at start of year$1,632,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,745,740

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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