Area Development Partnership INC FY2022 filing

Not tax-deductible

Hattiesburg, MS501(c)(6)EIN 57-0884979

This page gets seen. Tell your story. Claim this org.

Enhance economic growth and development through enrichment of community involvement and support

69¢ of each $1 spent went to programs.
$586K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
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
4 of 5
filings with a surplus
Average surplus $87K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$586K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $745K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$490K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 21 voting members
Looks good: 20 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+25% vs prior year
Spent
$2.2M
To programs
69%
Net assets
$1000K
By yearFY2020–FY2024
Revenue
$2.4M
FY2022▲ +25%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.4M
FY2023$2.5M
FY2024$2.5M
FY2024$2.4M
Expenses
$2.2M
FY2022▲ +18%
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$2.2M
FY2023$2.4M
FY2024$2.4M
FY2024$2.5M
Net assets
$1000K
FY2022▲ +41%
Net assets by fiscal year
FY2020$739K
FY2021$708K
FY2022$1000K
FY2023$1.1M
FY2024$1.2M
FY2024$1.2M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

Give Claim
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 May 1989.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.5M

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

23 people listed on the 990; $586K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$326,197Pt VII · Sec A
Executive Vice President
$176,552Pt VII · Sec A
VP of Finance and Administ
$83,433Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Chad Newell$363,108$350,008$347,000$326,197$301,261$268,736
Jason Jackson$208,979—————
Todd Jackson—$198,987$180,787$176,552$169,922—
Gwen Hicks$94,586$80,953$71,541———
Jan Delancey——$43,473$83,433$83,855—

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 Area Development Partnership INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 local economies by encouraging and supporting community participation.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $1.5M · in their own filed words · FY2021
01

Economic Development

Recruitment of domestic and international businesses; workforce development programs and events connecting students and teachers to area employers; community, military and government relations.

$748Kprogram expense
02

Chamber

Facilitated numerous professional development programs for area young professionals, small business owners, membership; organized and hosted member events with opportunities for networking, sharing strategies for success; organized and hosted ribbon cuttings for new and expanded businesses; recruitment and retention of adp membership.

$744Kprogram expense

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$745K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$949K
Investment incomeLn 3$21K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$1000K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.5M
LiabilitiesLn 26$490K
PeoplePt VI, VII
23
listed · VII A
PaidVII A3
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$949K
Government grantsLn 1e$204K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$21K
Gains on assetsLn 7$2K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$642K
SavingsLn 2$425K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$144K
Land, buildings, equipmentLn 10c$146K
Other assetsLn 15$1K
Total assetsLn 16$1.5M
LiabilitiesLn 26$490K
Net assetsLn 32$1000K
OperationsPt I, VI
EmployeesI 513
VolunteersI 653
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 FY22End FY22
Cash and savingsLn 1–2$997K$1.1M
InvestmentsLn 11–13$177K$144K
Land, buildings, equipmentLn 10c$149K$146K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$673K$490K
Net assetsLn 32$708K$1000K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$458K
Other salaries and wagesLn 7$594K
Pension plan contributionsLn 8$37K
Other employee benefitsLn 9$76K
Payroll taxesLn 10$68K
Legal feesLn 11b$803
Accounting feesLn 11c$22K
Other fees for servicesLn 11g$8K
Office expensesLn 13$34K
OccupancyLn 16$26K
TravelLn 17$4K
Conferences, conventions and meetingsLn 19$20K
InterestLn 20$790
Depreciation, depletion and amortizationLn 22$24K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$602K
All other expensesLn 24e$162K
Total functional expensesLn 25$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.5M$2.4M$119K$1.2M 990 PDF
FY2023 $2.5M$2.4M$15K$1.1M 990 PDF
FY2022 Viewing $2.4M$2.2M$284K$1000K 990 PDF
FY2021 $2.0M$1.8M$119K$708K 990 PDF
FY2020 $1.8M$1.9M−$102K$739K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,438,844 across 7 lines filed
Lines not itemized here account for $5,240 of total revenue; see the IRS return.
VIII-1d Related organizations$744,996
VIII-1e Government grants$204,208
VIII-1h Total contributions, gifts and grants$949,204
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,463,822$1,463,822
VIII-3 Investment incomeExcluded from tax $18,439$18,439
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,139$2,139
VIII-12 Total revenueRelated to mission $1,469,062 · Unrelated business $0 · Excluded from tax $20,578$2,438,844
Part IX · Statement of functional expenses $2,154,867 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$457,737
IX-7 Other salaries and wages$593,759
IX-8 Pension plan contributions$36,931
IX-9 Other employee benefits$75,636
IX-10 Payroll taxes$68,381
IX-11b Legal fees$803
IX-11c Accounting fees$21,976
IX-11g Other fees for services$8,181
IX-13 Office expenses$34,295
IX-16 Occupancy$26,141
IX-17 Travel$4,493
IX-19 Conferences, conventions and meetings$20,190
IX-20 Interest$790
IX-22 Depreciation, depletion and amortization$24,185
IX-23 Insurance$17,035
IX-24 Other expenses (24a–d)$602,411
IX-24e All other expenses$161,923
IX-25 Total functional expenses$2,154,867
Part X · Balance sheet $1,489,454 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $522,388$641,577
X-2 Savings and temporary cash investmentsStart of year $475,033$425,030
X-4 Accounts receivableStart of year $54,813$131,118
X-10c Land, buildings and equipment, netStart of year $149,208$146,392
X-11 Publicly traded securitiesStart of year $176,931$143,929
X-15 Other assetsStart of year $2,095$1,408
X-16 Total assetsStart of year $1,380,468$1,489,454
X-17 Accounts payable and accrued expensesStart of year $91,172$159,439
X-19 Deferred revenueStart of year $200,988$186,212
X-24 Unsecured notes and loans payableStart of year $202,142$0
X-25 Other liabilitiesStart of year $178,207$143,929
X-26 Total liabilitiesStart of year $672,509$489,580
X-27 Net assets without donor restrictionsStart of year $608,536$983,075
X-28 Net assets with donor restrictionsStart of year $99,423$16,799
X-32 Total net assets or fund balancesStart of year $707,959$999,874
X-33 Total liabilities and net assetsStart of year $1,380,468$1,489,454
Part XI · Reconciliation of net assets $999,874 net assets at year end
XI-1 Total revenue$2,438,844
XI-2 Total expenses$2,154,867
XI-3 Revenue less expenses$283,977
XI-4 Net assets at start of year$707,959
XI-5 Net unrealized gains (losses) on investments−$52,208
XI-6 Donated services and use of facilities$60,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$999,874

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.