Lowndes County Economic Development Commission FY2020 filing

Not tax-deductible

Hayneville, AL501(c)(6)Since 2013Community DevelopmentEIN 46-3011080Revenue $105K in FY2020

On file with the IRSlowndescountyedc.com10 Commerce St, 36040-2788 · Hayneville, ALTax-exempt since May 2014

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No formal mission statement but the Lowndes County Economic Development Commission exists to recruit industry to Lowndes County alabama

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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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
4 of 6
filings with a surplus
Average deficit $3K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 25.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
Spent
$90K
To programs
97%
Net assets
$195K
By yearFY2020–FY2025
Revenue
$105K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$105K
FY2021$102K
FY2022$92K
FY2023$107K
FY2024$96K
FY2025$99K
Expenses
$90K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$95K
FY2022$91K
FY2023$94K
FY2024$97K
FY2025$151K
Net assets
$195K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$195K
FY2021$203K
FY2022$203K
FY2023$216K
FY2024$214K
FY2025$163K

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 May 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $87K Management & general 3% · $3K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lowndes County Economic Development Commission 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

Attracts businesses to Lowndes County, Alabama.

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Provided by the organization

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1 program · $87K · in their own filed words · FY2019
01

The commission is active in the recruitment of industry to lowndes county alabama. Numerous trade shows were attended and many businesses were contacted about relocating to lowndes county

$87Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$105K
Ln 12
Fees for servicesLn 2g$105K
Investment incomeLn 3$192
Money outPt IX
$90K
Ln 25
Programscol B$87K
Managementcol C$3K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$105K
Investment incomeLn 3$192
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$195K
Cash and savings togetherLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$0
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$181K$195K
Total assetsLn 16$181K$195K
LiabilitiesLn 26$0$0
Net assetsLn 32$181K$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$55$55
Conferences, conventions and meetingsLn 19$125$125
InsuranceLn 23$742$742
Other expenses (24a–d)Ln 24$87K$87K
Total functional expensesLn 25$90K$87K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $99K$151K−$52K$163K 990 PDF
FY2024 $96K$97K−$1K$214K 990 PDF
FY2023 $107K$94K$12K$216K 990 PDF
FY2022 $92K$91K$750$203K 990 PDF
FY2021 $102K$95K$7K$203K 990 PDF
FY2020 Viewing $105K$90K$14K$195K 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 $104,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $119,650$104,650
I-10 Investment incomePrior year $146$192
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $119,796$104,842
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,816$90,383
I-18 Total expensesPrior year $60,816$90,383
I-19 Revenue less expensesPrior year $58,980$14,459
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $104,842 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,650$104,650
VIII-3 Investment incomeUnrelated business $192$192
VIII-12 Total revenueRelated to mission $104,650 · Unrelated business $192 · Excluded from tax $0$104,842
Part IX · Statement of functional expenses $90,383 across 5 lines filed
IX-11c Accounting feesManagement $2,180$2,180
IX-13 Office expensesManagement $55$55
IX-19 Conferences, conventions and meetingsManagement $125$125
IX-23 InsuranceManagement $742$742
IX-24 Other expenses (24a–d)Programs $87,281$87,281
IX-25 Total functional expensesPrograms $87,281 · Management $3,102 · Fundraising $0$90,383
Part X · Balance sheet $195,266 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $180,807$195,266
X-16 Total assetsStart of year $180,807$195,266
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $180,807$195,266
X-33 Total liabilities and net assetsStart of year $180,807$195,266
Part XI · Reconciliation of net assets $195,266 net assets at year end
XI-1 Total revenue$104,842
XI-2 Total expenses$90,383
XI-3 Revenue less expenses$14,459
XI-4 Net assets at start of year$180,807
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$195,266

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

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