Marion County Development Partnership INC FY2021 filing

Not tax-deductible

Columbia, MS501(c)(6)Community DevelopmentEIN 45-0502805Revenue $269K in FY2021

On file with the IRSmcdp.infoPo Box 272, 39429-0272 · Columbia, MSTax-exempt since Jan 2004

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The mission of the Marion County Development Partnership is to provide a framework within which public and private resources can be utilized effectively to promote economic Development in Marion County.

Mission: Form 990 Part I, line 1

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FY2021 · 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
6 of 6
filings with a surplus
Average surplus $54K a year · 17% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% 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
$269K
+18% vs prior year
Spent
$189K
To programs
0%
Net assets
$516K
By yearFY2020–FY2025
Revenue
$269K
FY2021▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$269K
FY2022$345K
FY2023$342K
FY2024$361K
FY2025$327K
Expenses
$189K
FY2021▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$140K
FY2021$189K
FY2022$280K
FY2023$281K
FY2024$344K
FY2025$312K
Net assets
$516K
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$422K
FY2021$516K
FY2022$581K
FY2023$641K
FY2024$658K
FY2025$673K

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 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 Jan 2004.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lori Watts’s $103K as Executive Di is at the 75th 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 · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2020
Lori Watts$103,000$87,750$64,875$4,324
Carolyn Burton$47,434$45,709$37,312$37,736

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

Promotes economic development by uniting public and private resources.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

The Economic Development Division of McDp Strives to

(1) identify and explore ways to meet the needs of local manufacturing, (2) facilitate the creation of jobs and attract capital to the area, and (3) formulates strategies to develop additional properties for economic growth. The chamber of commerce division of MCDP employs various means to support the business community of marion county.

Pt IX · col B
02

The chamber of commerce division of MCDP employs various means to support the business community of marion county. These include (1) maintaining positive and productive working relationships with all communitites in the county, (2) enhancing partnerships between business and school districts, (3) developing and marketing tourism…

Pt IX · col B
03

The planning partnership division of MCDP (1) collaborates with investment partners to achieve the overall goals and mission of the MCDP and fulfill the intent of the partner's agreements and contracts and (2) reviews applications, approves plans, and ensures compliance iwth residential subdivision regulation.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$73K
Investment incomeLn 3$355
Money outPt IX
$189K
Ln 25
Owns and owesPt X
$516K
net assets · Ln 32
Cash and savingsLn 1–2$495K
Total assetsLn 16$528K
LiabilitiesLn 26$12K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Government grantsLn 1e$188K
Fees for servicesLn 2g$73K
Investment incomeLn 3$355
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$380K
SavingsLn 2$114K
Cash and savings togetherLn 1–2$495K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$528K
LiabilitiesLn 26$12K
Net assetsLn 32$516K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6115
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$404K$495K
Land, buildings, equipmentLn 10c$12K$12K
Total assetsLn 16$431K$528K
LiabilitiesLn 26$9K$12K
Net assetsLn 32$422K$516K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$85K
Accounting feesLn 11c$7K
Advertising and promotionLn 12$150
Office expensesLn 13$4K
OccupancyLn 16$7K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$38K
All other expensesLn 24e$40K
Total functional expensesLn 25$189K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $327K$312K$15K$673K 990 PDF
FY2024 $361K$344K$17K$658K 990 PDF
FY2023 $342K$281K$60K$641K 990 PDF
FY2022 $345K$280K$65K$581K 990 PDF
FY2021 Viewing $269K$189K$80K$516K 990 PDF
FY2020 $228K$140K$88K$422K 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 FY2021 990 (6 parts)
Part I · Summary $268,861 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $157,095$195,550
I-9 Program service revenuePrior year $64,400$73,015
I-10 Investment incomePrior year $568$355
I-11 Other revenuePrior year $6,417−$59
I-12 Total revenuePrior year $228,480$268,861
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $42,828$84,833
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $97,328$104,339
I-18 Total expensesPrior year $140,156$189,172
I-19 Revenue less expensesPrior year $88,324$79,689
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $268,861 across 8 lines filed
VIII-1e Government grants$188,250
VIII-1f All other contributions, gifts and grants$7,300
VIII-1h Total contributions, gifts and grants$195,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,015$73,015
VIII-3 Investment incomeExcluded from tax $355$355
VIII-8 Net income from fundraising eventsExcluded from tax −$2,134−$2,134
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,075$2,075
VIII-12 Total revenueRelated to mission $73,015 · Excluded from tax $296$268,861
Part IX · Statement of functional expenses $189,172 across 8 lines filed
IX-7 Other salaries and wages$84,833
IX-11c Accounting fees$6,650
IX-12 Advertising and promotion$150
IX-13 Office expenses$3,553
IX-16 Occupancy$7,248
IX-23 Insurance$8,738
IX-24 Other expenses (24a–d)$37,564
IX-24e All other expenses$40,436
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$189,172
Part X · Balance sheet $527,900 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $290,381$380,315
X-2 Savings and temporary cash investmentsStart of year $113,897$114,251
X-4 Accounts receivableStart of year $13,570$19,851
X-9 Prepaid expenses and deferred chargesStart of year $1,400$1,400
X-10c Land, buildings and equipment, netStart of year $12,083$12,083
X-16 Total assetsStart of year $431,331$527,900
X-17 Accounts payable and accrued expensesStart of year $7,857$8,026
X-25 Other liabilitiesStart of year $1,310$4,221
X-26 Total liabilitiesStart of year $9,167$12,247
X-28 Net assets with donor restrictionsStart of year $422,164$515,653
X-32 Total net assets or fund balancesStart of year $422,164$515,653
X-33 Total liabilities and net assetsStart of year $431,331$527,900
Part XI · Reconciliation of net assets $515,653 net assets at year end
XI-1 Total revenue$268,861
XI-2 Total expenses$189,172
XI-3 Revenue less expenses$79,689
XI-4 Net assets at start of year$422,164
XI-9 Other changes in net assets$13,800
XI-10 Net assets at end of year$515,653

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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