Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
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
41 people listed on the 990; $344K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| James B Flanagan | $343,822 | $299,050 | $283,710 | $269,892 |
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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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 and expands businesses and industries, creating jobs and training programs in DeSoto County.
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The council sustained its initiatives in recruiting and expanding industries within desoto county, contributing to the establishment of nine new industries and the expansion of eight existing enterprises.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $491K | $524K |
| Land, buildings, equipmentLn 10c | $783 | $65K |
| Total assetsLn 16 | $720K | $835K |
| LiabilitiesLn 26 | $18K | $24K |
| Net assetsLn 32 | $701K | $811K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $524K | $393K | $105K | $26K |
| Pension plan contributionsLn 8 | $29K | $21K | $6K | $1K |
| Payroll taxesLn 10 | $29K | $22K | $6K | $1K |
| Legal feesLn 11b | $11K | $11K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Lobbying feesLn 11d | $93K | $93K | ||
| Advertising and promotionLn 12 | $4K | $2K | $2K | |
| Office expensesLn 13 | $21K | $15K | $4K | $2K |
| OccupancyLn 16 | $27K | $20K | $5K | $1K |
| TravelLn 17 | $4K | $3K | $820 | $205 |
| Conferences, conventions and meetingsLn 19 | $6K | $4K | $1K | $281 |
| Depreciation, depletion and amortizationLn 22 | $9K | $7K | $2K | $469 |
| InsuranceLn 23 | $40K | $30K | $8K | $2K |
| Other expenses (24a–d)Ln 24 | $173K | $169K | $3K | $738 |
| All other expensesLn 24e | $418 | $314 | $84 | $20 |
| Total functional expensesLn 25 | $980K | $688K | $254K | $38K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.1M | $980K | $110K | $811K | 990 PDF |
| FY2023 | $973K | $931K | $42K | $701K | 990 PDF |
| FY2022 | $878K | $1.0M | −$144K | $659K | 990 PDF |
| FY2021 | $866K | $738K | $128K | $792K | 990 PDF |
| FY2020 | $1.0M | $680K | $333K | $897K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,089,408 across 10 lines filed
Part IX · Statement of functional expenses $979,613 across 15 lines filed
Part X · Balance sheet $834,719 assets, 10 lines filed
Part XI · Reconciliation of net assets $810,974 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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