Union County Development Association INC EIN 64-0429210 Form 990 (PDF) Claim this org

Union County Development Association INC FY2021 filing

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Drives community and economic growth by attracting and supporting businesses in Union County. For fiscal year 2021 it reported $198K in revenue, $80K in expenses, and $370K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
New Albany, MS
Filings
6 on file (2020–2021)
Revenue
$198KFY2021
Expenses
$80K
Net assets
$370K
People
20
Filings
6
Updates
0
More identity details & actions ⌄
EIN  64-0429210 Business league / trade association New Albany, MS
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Drives community and economic growth by attracting and supporting businesses in Union County.
Leadership
Joanne Lesley · Asst Director · $46K
Money in and out
$198K revenue, $80K expenses
Bottom line
+60% operating surplus
Membership & operating revenue · FY2021
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$370K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $118K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+60%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
66%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$198K
FY2021▲ +122%
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$370K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$372K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnion County Development Association INC
EINHdr · item D64-0429210
Principal addressHdr · item CNew Albany, MS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Asst Director
$45,790Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
County Board
$0Pt VII · Sec A
County Board
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Joanne Lesley$45,790$36,825
Daleana Mapp$34,327
Jan Cossitt$16,771
Cheryl B Davis$11,970

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $80K of program spending, described in the organization's own filed words · FY2021.
01

The UCDA organizes community and economic development efforts in Union County, MS. The UCDA recruits new industries and serves existing industries. It promotes efforts to bring in new commerce.

$80Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$157K · 79%
Investment income$41K · 21%
Contributions & grants79%$157K
Investment income21%$41K
— government grantsLn 1e$112K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$80K
Total functional expensesLn 25$80K

Balance Sheet

Part X · end of year
CashLn 1$195K
Total assetsLn 16$372K
Total liabilitiesLn 26$2K
Total net assetsLn 32$370K
Months of cash on handcomputed29.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $195K · Operating expenses/yr $80K
29.3 months
Where the money goes
Program services
Program services $80K · Total expenses $80K
100%
Management & General
Management & general $0 · Total expenses $80K
0%
Fundraising
Fundraising $0 · Total expenses $80K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $45K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $157K · Total revenue $198K
79%
Government reliance
Government grants $112K · Total revenue $198K
57%
Earned-income share
Program service revenue $0 · Total revenue $198K
0%
Investment reliance
Investment income $41K · Total revenue $198K
+21%
Program self-sufficiency
Program service revenue $0 · Total expenses $80K
0%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year $89K
+122%
Net-asset trend (YoY)
End of year $370K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $80K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $372K
Net-asset ratio
Net assets $370K · Total assets $372K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $372K
0%
People & payroll
Highest Reported Total Compensation
Individual Joanne Lesley · Reported title Asst Director · Highest reported compensation $46K · Total expenses $80K
57%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52K · Total expenses $80K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 122%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$107K revenue · ⤓ 990 PDF
FY2024$136K revenue · ⤓ 990 PDF
FY2023$105K revenue · ⤓ 990 PDF
FY2022$96K revenue · ⤓ 990 PDF
FY2021$198K revenue · viewing · ⤓ 990 PDF
FY2020$89K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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