Central Midlands Development Corporation: FY2024 Nonprofit Profile & Form 990 (EIN 58-3186011)

Revenue by fiscal year
FY2021	$565K
FY2022	$164K
FY2023	$131K
FY2024	$4K
FY2025	$86K

Expenses by fiscal year
FY2021	$21K
FY2022	$7K
FY2023	$2K
FY2024	$81K
FY2025	$32K

Net assets by fiscal year
FY2021	$579K
FY2022	$734K
FY2023	$864K
FY2024	$787K
FY2025	$1.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1984.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $81K Management & general 0% · $36

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 (FY2023); the FY2024 filing did not itemize Part VII

Frank Adams

Board Member

$0Pt VII · Sec A

Eloise Bishop

Board Member

$0Pt VII · Sec A

Cindye Richburg Cotton

Board Member

$0Pt VII · Sec A

Robert Davis

Secretary

$0Pt VII · Sec A

Mike Dawson

Board Member

$0Pt VII · Sec A

Robert N Hubbs

Board Member

$0Pt VII · Sec A

Marietta Hunter

Vice-Chairma

$0Pt VII · Sec A

Paul Livingston

Chairman

$0Pt VII · Sec A

See Central Midlands Development Corporation 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

Fosters employment and economic development for citizens in the Central Midlands.

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Provided by the organization

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3 programs · $81K · in their own filed words · FY2023

01

Transportation Improvement

Worked with local government partners and private sector community leaders to facilitate development of regional gateway beautification efforts on major thoroughfares around columbia.

$73Kprogram expense

02

Community Development

Supported local food system, arts, and small business development by helping to facilitate the annual richland county agriculture and art tour. Supported 2020 census outreach efforts and food insecurity initiatives within the hispanic community. This program SERVED/REACHED approximately 140 families and 400 individuals.

$8Kprogram expense

03

Transportation Improvement

Worked with local government partners and private sector community leaders to facilitate development of regional gateway beautification efforts on major thoroughfares around columbia.

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 · FY2021

Central Carolina Community FoundationFY2021$10K

Molina Healthcare Charitable FoundationFY2021$4K

The Parrish Family FoundationFY2021$3K

Total grants receivedfrom 3 funders$16K

See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4K

Ln 12

Investment incomeLn 3$3K

Gifts and grantsLn 1h$1K

Money outPt IX

$81K

Ln 25

Programscol B$81K

Managementcol C$36

Owns and owesPt X

$787K

net assets · Ln 32

Cash and savingsLn 1–2$793K

Total assetsLn 16$799K

LiabilitiesLn 26$12K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1K

Investment incomeLn 3$3K

Total revenueLn 12$4K

Assets in detailPt X, end of year

CashLn 1$793K

Cash and savings togetherLn 1–2$793K

Total assetsLn 16$799K

LiabilitiesLn 26$12K

Net assetsLn 32$787K

OperationsPt I, VI

EmployeesI 50

VolunteersI 625

Fiscal year endsHeaderJune

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$834K	$793K
Total assetsLn 16	$865K	$799K
LiabilitiesLn 26	$1K	$12K
Net assetsLn 32	$864K	$787K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$73K	$73K
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$425	$425
Other expenses (24a–d)Ln 24	$4K	$4K	$36
Total functional expensesLn 25	$81K	$81K	$36	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$86K	$32K	$53K	$1.2M	990 PDF
FY2024 Viewing	$4K	$81K	−$77K	$787K	990 PDF
FY2023	$131K	$2K	$130K	$864K	990 PDF
FY2022	$164K	$7K	$157K	$734K	990 PDF
FY2021	$565K	$21K	$544K	$579K	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 FY2024 990 (6 parts)

Part I · Summary $3,994 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $127,960$1,000

I-9 Program service revenue$0

I-10 Investment incomePrior year $2,351$2,994

I-11 Other revenuePrior year $828$0

I-12 Total revenuePrior year $131,139$3,994

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,598$80,886

I-18 Total expensesPrior year $1,598$80,886

I-19 Revenue less expensesPrior year $129,541−$76,892

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 $3,994 across 4 lines filed

VIII-1f All other contributions, gifts and grants$1,000

VIII-1h Total contributions, gifts and grants$1,000

VIII-3 Investment incomeExcluded from tax $2,994$2,994

VIII-12 Total revenueExcluded from tax $2,994$3,994

Part IX · Statement of functional expenses $80,886 across 4 lines filed

IX-11g Other fees for servicesPrograms $73,065$73,065

IX-12 Advertising and promotionPrograms $3,070$3,070

IX-13 Office expensesPrograms $425$425

IX-24 Other expenses (24a–d)Programs $4,290 · Management $36$4,326

IX-25 Total functional expensesPrograms $80,850 · Management $36 · Fundraising $0$80,886

Part X · Balance sheet $798,748 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $834,120$792,748

X-4 Accounts receivableStart of year $31,000$6,000

X-16 Total assetsStart of year $865,120$798,748

X-17 Accounts payable and accrued expenses$10,520

X-19 Deferred revenueStart of year $1,107$1,107

X-26 Total liabilitiesStart of year $1,107$11,627

X-27 Net assets without donor restrictionsStart of year $27,197$22,387

X-28 Net assets with donor restrictionsStart of year $836,816$764,734

X-32 Total net assets or fund balancesStart of year $864,013$787,121

X-33 Total liabilities and net assetsStart of year $865,120$798,748

Part XI · Reconciliation of net assets $787,121 net assets at year end

XI-1 Total revenue$3,994

XI-2 Total expenses$80,886

XI-3 Revenue less expenses−$76,892

XI-4 Net assets at start of year$864,013

XI-10 Net assets at end of year$787,121

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Central Midlands Development Corporation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Central Midlands Development Corporation

Transportation Improvement

Community Development

Transportation Improvement

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV