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Maury County Economic Development Partnership FY2022 filing

Tax-deductible

Columbia, TN501(c)(3)Foundations & GrantmakersEIN 45-2736887Revenue $42K in FY2022

On file with the IRSmauryalliance.comPo Box 1076, 38402-1076 · Columbia, TNTax-exempt since Dec 2013Supporting org, Type I — 509(a)(3)

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The Partnership supports Maury County and city governments to enhance and promote Economic Development opportunities in the County.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $420K a year · 342% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$140K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
Spent
$540K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$42K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2020$571K
FY2021$0
FY2022$42K
FY2023$0
FY2024$0
Expenses
$540K
FY2022+0.05%
Tap a bar for its year
Expenses by fiscal year
FY2020$571K
FY2021$540K
FY2022$540K
FY2023$508K
FY2024$553K
Net assets
$1.1M
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$1.6M
FY2022$1.1M
FY2023$553K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $540K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Russ Adcox
Board Member
$0Pt VII · Sec A
Sheila Butt
Board Member
$0Pt VII · Sec A
Pam Caskie
Board Member
$0Pt VII · Sec A
Kate Collier
Board Member
$0Pt VII · Sec A
Robyn Graham
Board Member
$0Pt VII · Sec A
Tom Grosko
Board Member
$0Pt VII · Sec A
Stephen Hughes
Board Member
$0Pt VII · Sec A
Richard Law
Board Member
$0Pt VII · Sec A

Will Evans’s $132K as President is at the 98th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking 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 Maury County Economic Development Partnership 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

Helps local governments boost economic development in Maury County.

Questions for Maury County Economic Development Partnership

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Provided by the organization

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1 program · $540K · in their own filed words · FY2022
01

The partnership uses the donations it receives to lessen the burden of government in economic and community development activities. The partnership makes grants to the maury county chamber and economic alliance (mccea) for the purpose of enhancing the mccea's economic and develpoment activities.

$540Kprogram 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
The Independent Charitable Gift FundFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $3.2M · 2020–2024
Maury County Chamber and Economic AllianceTN · FY2024$498,730
Maury County Chamber and Economic AllianceTN · FY2023$507,860
Maury County Chamber and Economic AllianceTN · FY2022$539,810
Maury County Chamber and Economic AllianceTN · FY2021$539,560
Maury County Chamber and Economic AllianceTN · FY2020$570,915
Unitemized GrantFY2020$570,915

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Gifts and grantsLn 1h$42K
Money outPt IX
$540K
Ln 25
Programscol B$540K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$1.2M
LiabilitiesLn 26$140K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$141K
Other assetsLn 15$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$140K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$161K$141K
Total assetsLn 16$1.7M$1.2M
LiabilitiesLn 26$161K$140K
Net assetsLn 32$1.6M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$540K$540K
Total functional expensesLn 25$540K$540K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$553K−$553K$0 990 PDF
FY2023 $0$508K−$508K$553K 990 PDF
FY2022 Viewing $42K$540K−$498K$1.1M 990 PDF
FY2021 $0$540K−$540K$1.6M 990 PDF
FY2020 $571K$571K$0$0 990 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 FY2022 990 (6 parts)
Part I · Summary $41,985 revenue, 12 lines filed
I-8 Contributions and grants$41,985
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$41,985
I-13 Grants and similar amounts paidPrior year $539,560$539,810
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expensesPrior year $539,560$539,810
I-19 Revenue less expensesPrior year −$539,560−$497,825
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $41,985 across 3 lines filed
VIII-1f All other contributions, gifts and grants$41,985
VIII-1h Total contributions, gifts and grants$41,985
VIII-12 Total revenue$41,985
Part IX · Statement of functional expenses $539,810 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $539,810$539,810
IX-25 Total functional expensesPrograms $539,810 · Management $0 · Fundraising $0$539,810
Part X · Balance sheet $1,201,480 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $10,475$41,375
X-2 Savings and temporary cash investmentsStart of year $150,179$100,000
X-3 Pledges and grants receivableStart of year $549,950$12,375
X-15 Other assetsStart of year $1,008,980$1,047,730
X-16 Total assetsStart of year $1,719,584$1,201,480
X-17 Accounts payable and accrued expensesStart of year $160,654$140,375
X-26 Total liabilitiesStart of year $160,654$140,375
X-28 Net assets with donor restrictionsStart of year $1,558,930$1,061,105
X-32 Total net assets or fund balancesStart of year $1,558,930$1,061,105
X-33 Total liabilities and net assetsStart of year $1,719,584$1,201,480
Part XI · Reconciliation of net assets $1,061,105 net assets at year end
XI-1 Total revenue$41,985
XI-2 Total expenses$539,810
XI-3 Revenue less expenses−$497,825
XI-4 Net assets at start of year$1,558,930
XI-10 Net assets at end of year$1,061,105

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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