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Tishomingo County Development Foundation

Not tax-deductible

Iuka, MS501(c)(4)Since 1975 EIN 51-0226045Revenue $243K in FY2025

On file with the IRStishomingo.org1001 Battleground Dr, 38852-1019 · Iuka, MSTax-exempt since Aug 1975

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To promote economic and community Development within Tishomingo County, mississippi.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$117K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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 $12K a year · 5% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$618
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
-4% vs prior year
Spent
$239K
To programs
100%
Net assets
$148K
By yearFY2020–FY2025
Revenue
$243K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$239K
FY2022$238K
FY2023$250K
FY2024$252K
FY2025$243K
Expenses
$239K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$231K
FY2022$223K
FY2023$225K
FY2024$249K
FY2025$239K
Net assets
$148K
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$93K
FY2021$102K
FY2022$117K
FY2023$141K
FY2024$144K
FY2025$148K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1975.

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% · $239K

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

4 people listed on the 990; $117K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gary Matthews
Executive Di
$116,829Pt VII · Sec A
$0Pt VII · Sec A
Don Hall
Chairman
$0Pt VII · Sec A
Brandon Pharr
Vice Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary Matthews$116,829$114,651$113,239$110,455$104,888$105,388

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 Tishomingo County Development 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

Boosts economic and community growth in Tishomingo County, Mississippi.

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Provided by the organization

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1 program · $239K · in their own filed words · FY2025
01

Economic and community development.

$239Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$243K
Ln 12
Gifts and grantsLn 1h$242K
Investment incomeLn 3$2K
Money outPt IX
$239K
Ln 25
Programscol B$239K
Owns and owesPt X
$148K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$618
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Investment incomeLn 3$2K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$106K
SavingsLn 2$44K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$618
Net assetsLn 32$148K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$147K$149K
Total assetsLn 16$147K$149K
LiabilitiesLn 26$3K$618
Net assetsLn 32$144K$148K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$173K$173K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$14K$14K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$10K$10K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$239K$239K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $243K$239K$4K$148K 990 PDF
FY2024 $252K$249K$3K$144K 990 PDF
FY2023 $250K$225K$25K$141K 990 PDF
FY2022 $238K$223K$15K$117K 990 PDF
FY2021 $239K$231K$8K$102K 990 PDF
FY2020 $239K$220K$19K$93K 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 $243,206 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,207$241,550
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,849$1,656
I-11 Other revenue$0
I-12 Total revenuePrior year $252,056$243,206
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $183,491$186,623
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $65,535$52,169
I-18 Total expensesPrior year $249,026$238,792
I-19 Revenue less expensesPrior year $3,030$4,414
Part VI · Governance 28 of 28 board members independent, 4 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
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 $243,206 across 5 lines filed
VIII-1b Membership dues$237,184
VIII-1f All other contributions, gifts and grants$4,366
VIII-1h Total contributions, gifts and grants$241,550
VIII-3 Investment incomeRelated to mission $1,656$1,656
VIII-12 Total revenueRelated to mission $1,656$243,206
Part IX · Statement of functional expenses $238,792 across 10 lines filed
IX-7 Other salaries and wagesPrograms $173,309$173,309
IX-10 Payroll taxesPrograms $13,314$13,314
IX-11c Accounting feesPrograms $4,038$4,038
IX-12 Advertising and promotionPrograms $10,111$10,111
IX-13 Office expensesPrograms $14,189$14,189
IX-17 TravelPrograms $1,166$1,166
IX-19 Conferences, conventions and meetingsPrograms $3,383$3,383
IX-23 InsurancePrograms $6,257$6,257
IX-24 Other expenses (24a–d)Programs $9,957$9,957
IX-24e All other expensesPrograms $3,068$3,068
IX-25 Total functional expensesPrograms $238,792 · Management $0 · Fundraising $0$238,792
Part X · Balance sheet $149,111 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $104,903$105,571
X-2 Savings and temporary cash investmentsStart of year $42,140$43,540
X-16 Total assetsStart of year $147,043$149,111
X-17 Accounts payable and accrued expensesStart of year $2,963$618
X-26 Total liabilitiesStart of year $2,963$618
X-32 Total net assets or fund balancesStart of year $144,080$148,493
X-33 Total liabilities and net assetsStart of year $147,043$149,111
Part XI · Reconciliation of net assets $148,493 net assets at year end
XI-1 Total revenue$243,206
XI-2 Total expenses$238,792
XI-3 Revenue less expenses$4,414
XI-4 Net assets at start of year$144,080
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$148,493

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

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