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The Talladega County Economic Development Authority

Not tax-deductible

Sylacauga, AL501(c)(6)Mutual / membership EIN 63-1013094Revenue $752K in FY2025

On file with the IRStceda.comPo Box 867, 35150-0867 · Sylacauga, ALTax-exempt since Jan 1991

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To bring in new business growth into Talladega County. Expansion of existing businesses, recruitment of new businesses, which involved Development of industrial sites and marketing activities. Maintain Economic education and utility data, and promote Economic growth.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 15 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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
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
5 of 5
filings with a surplus
Average surplus $484K a year · 48% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
41 mo
of spending, in cash
Looks good: 41.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$752K
-64% vs prior year
Spent
$686K
To programs
0%
Net assets
$6.1M
By yearFY2021–FY2025
Revenue
$752K
FY2025▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2021$661K
FY2022$734K
FY2023$841K
FY2024$2.1M
FY2025$752K
Expenses
$686K
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$452K
FY2022$468K
FY2023$466K
FY2024$562K
FY2025$686K
Net assets
$6.1M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2022$4.1M
FY2023$4.5M
FY2024$6.0M
FY2025$6.1M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1991.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Marion Cook
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Hall
Director
$0Pt VII · Sec A
Bruce Hunt
Director
$0Pt VII · Sec A
Chad Jones
Vice Chairma
$0Pt VII · Sec A
Luther C Miller JR
Executive Di
$0Pt VII · Sec A
Steve Marlow
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Luther C Miller JR$164,825$153,659$151,912$144,961

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 The Talladega County Economic Development Authority 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 15aYes

Programs and updates

Attracts new businesses and helps existing ones grow in Talladega County.

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1 program · in their own filed words · FY2024
01

Promote new economic growth and industrial businesses in talladega county

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$752K
Ln 12
Gifts and grantsLn 1h$691K
Investment incomeLn 3$61K
Money outPt IX
$686K
Ln 25
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$6.1M
LiabilitiesLn 26$15K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$691K
Investment incomeLn 3$61K
Total revenueLn 12$752K
Assets in detailPt X, end of year
CashLn 1$945K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$233K
Other assetsLn 15$3.4M
Total assetsLn 16$6.1M
LiabilitiesLn 26$15K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 615
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$3.2M$2.4M
Land, buildings, equipmentLn 10c$180K$233K
Total assetsLn 16$6.9M$6.1M
LiabilitiesLn 26$935K$15K
Net assetsLn 32$6.0M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$30K
Other salaries and wagesLn 7$305K
Pension plan contributionsLn 8$30K
Payroll taxesLn 10$23K
Accounting feesLn 11c$12K
Advertising and promotionLn 12$4K
Office expensesLn 13$4K
Information technologyLn 14$40
TravelLn 17$529
Conferences, conventions and meetingsLn 19$2K
Depreciation, depletion and amortizationLn 22$32K
InsuranceLn 23$55K
Other expenses (24a–d)Ln 24$169K
All other expensesLn 24e$19K
Total functional expensesLn 25$686K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $752K$686K$66K$6.1M 990 PDF
FY2024 $2.1M$562K$1.5M$6.0M 990 PDF
FY2023 $841K$466K$374K$4.5M 990 PDF
FY2022 $734K$468K$267K$4.1M 990 PDF
FY2021 $661K$452K$208K$3.3M 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 $751,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,912,157$691,299
I-9 Program service revenue$0
I-10 Investment incomePrior year $153,783$60,633
I-11 Other revenue$0
I-12 Total revenuePrior year $2,065,940$751,932
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $28,636$29,996
I-15 Salaries and benefitsPrior year $310,336$358,613
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $222,558$297,330
I-18 Total expensesPrior year $561,530$685,939
I-19 Revenue less expensesPrior year $1,504,410$65,993
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $751,932 across 5 lines filed
VIII-1d Related organizations$526,686
VIII-1f All other contributions, gifts and grants$164,613
VIII-1h Total contributions, gifts and grants$691,299
VIII-3 Investment incomeExcluded from tax $60,633$60,633
VIII-12 Total revenueExcluded from tax $60,633$751,932
Part IX · Statement of functional expenses $685,939 across 14 lines filed
IX-4 Benefits paid to or for members$29,996
IX-7 Other salaries and wages$305,192
IX-8 Pension plan contributions$29,996
IX-10 Payroll taxes$23,425
IX-11c Accounting fees$11,775
IX-12 Advertising and promotion$3,512
IX-13 Office expenses$3,778
IX-14 Information technology$40
IX-17 Travel$529
IX-19 Conferences, conventions and meetings$2,348
IX-22 Depreciation, depletion and amortization$32,185
IX-23 Insurance$54,779
IX-24 Other expenses (24a–d)$169,115
IX-24e All other expenses$19,269
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$685,939
Part X · Balance sheet $6,113,945 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,697,218$945,128
X-2 Savings and temporary cash investmentsStart of year $1,526,487$1,418,663
X-4 Accounts receivableStart of year $114,685$111,838
X-9 Prepaid expenses and deferred chargesStart of year $4,545$5,035
X-10c Land, buildings and equipment, netStart of year $179,983$232,949
X-15 Other assetsStart of year $3,414,820$3,400,332
X-16 Total assetsStart of year $6,937,738$6,113,945
X-17 Accounts payable and accrued expensesStart of year $17,682$14,900
X-26 Total liabilitiesStart of year $934,682$14,900
X-27 Net assets without donor restrictionsStart of year $6,003,056$6,099,045
X-32 Total net assets or fund balancesStart of year $6,003,056$6,099,045
X-33 Total liabilities and net assetsStart of year $6,937,738$6,113,945
Part XI · Reconciliation of net assets $6,099,045 net assets at year end
XI-1 Total revenue$751,932
XI-2 Total expenses$685,939
XI-3 Revenue less expenses$65,993
XI-4 Net assets at start of year$6,003,056
XI-10 Net assets at end of year$6,099,045

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

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