philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mid-Cumberland Area Development Corp FY2020 filing

Nashville, TN · Membership association · Since 1982

! Not tax-deductible
Revenue
$252K
Spent
$277K
To programs
87%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$252K
FY2020
Revenue by fiscal year
FY2020$252K
FY2021$196K
FY2022$133K
FY2023$208K
FY2024$269K
FY2024$226K
Expenses
$277K
FY2020
Expenses by fiscal year
FY2020$277K
FY2021$253K
FY2022$236K
FY2023$361K
FY2024$358K
FY2024$1.0M
Net assets
$1.7M
FY2020
Net assets by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$1.5M
FY2023$1.3M
FY2024$1.3M
FY2024$466K

From the FY2020 Form 990 (year ending September 2020) · see the original

Form 990 (PDF) Claim this org
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMid-Cumberland Area Development Corp
EINHdr · item D62-1548236
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFDec 1995
Year of formationHdr · item L1982
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNashville, TN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.madc.us

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$240K
Management & general13%$37K
Total functional expensesLn 25$277K

Financial health

Is it on solid ground?

Operating surplus
-10%
revenue over expenses
Earned revenue
96%
of revenue from program services & dues
Program spending
87%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$2.0M
FY2020
Total assets by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.8M
FY2023$1.7M
FY2024$1.6M
FY2024$544K
Total liabilities
$319K
FY2020
Total liabilities by fiscal year
FY2020$319K
FY2021$219K
FY2022$329K
FY2023$328K
FY2024$337K
FY2024$78K
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$834K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$319K
Total net assetsLn 32$1.7M
Months of cash on handcomputed36.2

Statement of Revenue

Part VIII
Program service revenue$241K · 96%
Investment income$10K · 4%
Program service revenue96%$241K
Investment income4%$10K
Total revenueLn 12$252K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $277K
36.2 months
Where the money goes
Program services
Program services $240K · Total expenses $277K
87%
Management & General
Management & general $37K · Total expenses $277K
13%
Fundraising
Fundraising $0 · Total expenses $277K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $252K
0%
Government reliance
Government grants — · Total revenue $252K
—
Earned-income share
Program service revenue $241K · Total revenue $252K
96%
Investment reliance
Investment income $10K · Total revenue $252K
+4%
Program self-sufficiency
Program service revenue $241K · Total expenses $277K
87%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $277K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $1.7M · Total assets $2.0M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual G C Hixson · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $277K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $277K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
G C Hixson
Director
$0Pt VII · Sec A
Bruce Carter
Board President
$0Pt VII · Sec A
Bryan Watson
Director
$0Pt VII · Sec A
Mark Beeler
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Audra Ladd
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mid-Cumberland Area Development Corp executive salaries →

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

Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes industrial, commercial, and small business development, creating jobs in the greater Nashville region.

Provided by the organization

This section is blank until Mid-Cumberland Area Development Corp claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2019.
01

The corporation is responsible for administration of small business loans through the intermediary relending program and for packaging and servicing certain sba loans as a certified development corporation.

$240Kprogram expense

Run this program? Claim this org to tell your story

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $269K$358K+29% 990 PDF
FY2023 $208K$361K+56% 990 PDF
FY2022 $133K$236K-32% 990 PDF
FY2021 $196K$253K-22% 990 PDF
FY2020 Viewing $252K$277K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
Southwest Tennessee Community Development CorporationTN
Regional Development CorporationNM
Johnstown Industrial Development CorporationPA
Cumberland Economic Development CorporationMD
Valley County Economic Development Council INCID
Southeast Center for Cooperative DevelopmentTN
See all organizations like Mid-Cumberland Area Development Corp →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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

Export with similar orgs (CSV)
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 peer-cohort and compensation comparisons above.