Covington County Economic Development Commission

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To promote industry and develop trade by inducing manufacturing, and commercial enterprises to locate and/or expand in Coviington County, Alabama.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-1504373) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $17K a year · 3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
6.0 mo
of spending, in cash
6.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$61K
9% of total assets
Liabilities are 9% of assets.
Pt X · Ln 26
Independent board members
15
of 16 voting members
15 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$532K
+7% vs prior year
Spent
$518K
To programs
94%
Net assets
$586K
By yearFY2020–FY2025
Revenue
$532K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$645K
FY2022$540K
FY2023$475K
FY2024$498K
FY2025$532K
Expenses
$518K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2021$470K
FY2022$611K
FY2023$552K
FY2024$549K
FY2025$518K
Net assets
$586K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$444K
FY2021$618K
FY2022$548K
FY2023$471K
FY2024$572K
FY2025$586K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1993.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $487K Management & general 6% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Chairmandirector
$0Pt VII · Sec A
Vice Chairmandirector
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Covington County Economic Development Commission executive salaries →

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 boost manufacturing and commerce in Covington County, Alabama.

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1 program · $487K · in their own filed words · FY2024
01

To promote industry and develop trade by inducing manufacturing, and commercial enterprises to locate and/or expand in Coviington County, Alabama.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-1504373) · Dispute this line
$487Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$532K
Ln 12
Gifts and grantsLn 1h$485K
Other incomeLn 4–11$45K
Investment incomeLn 3$2K
Money outPt IX
$518K
Ln 25
Programscol B$487K
Managementcol C$32K
Owns and owesPt X
$586K
net assets · Ln 32
Cash and savingsLn 1–2$258K
Total assetsLn 16$647K
LiabilitiesLn 26$61K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$485K
Government grantsLn 1e$163K
Investment incomeLn 3$2K
Other incomeLn 4–11$45K
Gains on assetsLn 7$14K
Total revenueLn 12$532K
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$123K
Cash and savings togetherLn 1–2$258K
Notes and loans receivableLn 7$147K
Land, buildings, equipmentLn 10c$242K
Total assetsLn 16$647K
LiabilitiesLn 26$61K
Net assetsLn 32$586K
OperationsPt I, VI
EmployeesI 52
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 FY25End FY25
Cash and savingsLn 1–2$40K$258K
Land, buildings, equipmentLn 10c$234K$242K
Total assetsLn 16$574K$647K
LiabilitiesLn 26$1K$61K
Net assetsLn 32$572K$586K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$99K$99K
Other salaries and wagesLn 7$76K$76K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$377$377
Office expensesLn 13$10K$5K$5K
Information technologyLn 14$18K$9K$9K
OccupancyLn 16$24K$24K
TravelLn 17$63K$63K
Conferences, conventions and meetingsLn 19$25K$25K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$146K$146K
All other expensesLn 24e$24K$24K
Total functional expensesLn 25$518K$487K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 13, 2026 $532K$518K$14K$586K 990 PDF
FY2024Filed with the IRS Aug 11, 2025 $498K$549K−$51K$572K 990 PDF
FY2023Filed with the IRS Jun 25, 2024 $475K$552K−$77K$471K 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $540K$611K−$71K$548K 990 PDF
FY2021Filed with the IRS Mar 14, 2022 $645K$470K$174K$618K 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $561K$451K$110K$444K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments O · Explanations
See the full FY2025 990
Part I · Summary $532,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $383,238$485,212
I-9 Program service revenue$0
I-10 Investment incomePrior year −$16,469$15,576
I-11 Other revenuePrior year $131,474$31,500
I-12 Total revenuePrior year $498,243$532,288
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $278,900$191,172
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $270,519$326,975
I-18 Total expensesPrior year $549,419$518,147
I-19 Revenue less expensesPrior year −$51,176$14,141
Part VI · Governance 15 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
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 $532,288 across 9 lines filed
VIII-1e Government grants$162,611
VIII-1f All other contributions, gifts and grants$322,601
VIII-1h Total contributions, gifts and grants$485,212
VIII-3 Investment incomeRelated to mission $1,684$1,684
VIII-6 Net rental income or lossRelated to mission $25,500$25,500
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,892$13,892
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,000$6,000
VIII-12 Total revenueRelated to mission $47,076 · Unrelated business $0 · Excluded from tax $0$532,288
Part IX · Statement of functional expenses $518,147 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $98,718$98,718
IX-7 Other salaries and wagesPrograms $75,966$75,966
IX-8 Pension plan contributionsManagement $3,150$3,150
IX-10 Payroll taxesPrograms $13,338$13,338
IX-11c Accounting feesManagement $4,475$4,475
IX-11f Investment management feesPrograms $377$377
IX-13 Office expensesPrograms $4,792 · Management $4,792$9,584
IX-14 Information technologyPrograms $8,985 · Management $8,984$17,969
IX-16 OccupancyPrograms $24,301$24,301
IX-17 TravelPrograms $62,513$62,513
IX-19 Conferences, conventions and meetingsPrograms $25,080$25,080
IX-22 Depreciation, depletion and amortizationPrograms $2,421$2,421
IX-23 InsuranceManagement $10,214$10,214
IX-24 Other expenses (24a–d)Programs $146,434$146,434
IX-24e All other expensesPrograms $23,607$23,607
IX-25 Total functional expensesPrograms $486,532 · Management $31,615 · Fundraising $0$518,147
Part X · Balance sheet $647,363 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $23,084$134,965
X-2 Savings and temporary cash investmentsStart of year $16,806$122,933
X-7 Notes and loans receivableStart of year $169,606$147,406
X-10c Land, buildings and equipment, netStart of year $234,480$242,059
X-16 Total assetsStart of year $573,530$647,363
X-17 Accounts payable and accrued expensesStart of year $1,466$1,158
X-25 Other liabilities$60,000
X-26 Total liabilitiesStart of year $1,466$61,158
X-31 Retained earnings or endowmentStart of year $572,064$586,205
X-32 Total net assets or fund balancesStart of year $572,064$586,205
X-33 Total liabilities and net assetsStart of year $573,530$647,363
Part XI · Reconciliation of net assets $586,205 net assets at year end
XI-1 Total revenue$532,288
XI-2 Total expenses$518,147
XI-3 Revenue less expenses$14,141
XI-4 Net assets at start of year$572,064
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$586,205

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

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