Tippah County Development Foundation INC FY2021 filing

Not tax-deductible

Ripley, MS501(c)(6)Since 1984EIN 64-0716026Revenue $245K in FY2021

On file with the IRS201 Union St, 38663-2008 · Ripley, MSTax-exempt since Jun 1986

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To promote economic and community Development

88¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
2 of 6
filings with a surplus
Average deficit $646K a year · 130% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
125 mo
of spending, in cash
Looks good: 125.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.0M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$245K
+19% vs prior year
Spent
$189K
To programs
88%
Net assets
$627K
By yearFY2020–FY2025
Revenue
$245K
FY2021▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$205K
FY2021$245K
FY2022$995K
FY2023$490K
FY2024$573K
FY2025$472K
Expenses
$189K
FY2021▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$181K
FY2021$189K
FY2022$1.2M
FY2023$1.8M
FY2024$1.7M
FY2025$1.8M
Net assets
$627K
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$571K
FY2021$627K
FY2022$1.1M
FY2023−$360K
FY2024−$1.5M
FY2025−$2.8M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $167K Management & general 12% · $23K

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

9 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$84,800Pt VII · Sec A
Board Mem.
$0Pt VII · Sec A
Board Mem.
$0Pt VII · Sec A
Chairman of
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Mem.
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chris Lewellen$97,248$95,256$88,200$93,838$84,800$84,000

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 Tippah County Development Foundation INC 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 15aNo

Programs and updates

Boosts Tippah County's economy and community to improve residents' quality of life.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

TCDF strives to bring in new commerce to tippah county, mississippi, by serving existing industries, recruiting new industries, and organizing community and economic development efforts.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$150K
Other incomeLn 4–11$94K
Investment incomeLn 3$480
Money outPt IX
$189K
Ln 25
Programscol B$167K
Managementcol C$23K
Owns and owesPt X
$627K
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$25.6M
LiabilitiesLn 26$25.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$110K
Investment incomeLn 3$480
Other incomeLn 4–11$94K
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$67K
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$530K
Other assetsLn 15$23.1M
Total assetsLn 16$25.6M
LiabilitiesLn 26$25.0M
Net assetsLn 32$627K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$15.2M$2.0M
Land, buildings, equipmentLn 10c$542K$530K
Total assetsLn 16$25.6M$25.6M
LiabilitiesLn 26$25.0M$25.0M
Net assetsLn 32$571K$627K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$76K$8K
Other salaries and wagesLn 7$31K$28K$3K
Payroll taxesLn 10$9K$8K$901
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$5K$5K$532
Information technologyLn 14$1K$1K
OccupancyLn 16$10K$10K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$14K$13K$1K
Total functional expensesLn 25$189K$167K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $472K$1.8M−$1.3M−$2.8M 990 PDF
FY2024 $573K$1.7M−$1.2M−$1.5M 990 PDF
FY2023 $490K$1.8M−$1.3M−$360K 990 PDF
FY2022 $995K$1.2M−$184K$1.1M 990 PDF
FY2021 Viewing $245K$189K$55K$627K 990 PDF
FY2020 $205K$181K$24K$571K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $244,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,715$149,991
I-9 Program service revenue$0
I-10 Investment incomePrior year $474$480
I-11 Other revenuePrior year $58,975$94,254
I-12 Total revenuePrior year $205,164$244,725
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $124,089$124,950
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,842$64,355
I-18 Total expensesPrior year $180,931$189,305
I-19 Revenue less expensesPrior year $24,233$55,420
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $244,725 across 6 lines filed
Lines not itemized here account for $4,382 of total revenue; see the IRS return.
VIII-1b Membership dues$40,042
VIII-1e Government grants$109,949
VIII-1h Total contributions, gifts and grants$149,991
VIII-3 Investment incomeRelated to mission $480$480
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $89,872$89,872
VIII-12 Total revenueRelated to mission $94,734$244,725
Part IX · Statement of functional expenses $189,305 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $76,320 · Management $8,480$84,800
IX-7 Other salaries and wagesPrograms $28,027 · Management $3,114$31,141
IX-10 Payroll taxesPrograms $8,108 · Management $901$9,009
IX-11c Accounting feesManagement $6,505$6,505
IX-12 Advertising and promotionPrograms $4,074$4,074
IX-13 Office expensesPrograms $4,785 · Management $532$5,317
IX-14 Information technologyPrograms $1,363$1,363
IX-16 OccupancyPrograms $9,845$9,845
IX-17 TravelPrograms $6,049$6,049
IX-19 Conferences, conventions and meetingsPrograms $1,649$1,649
IX-20 InterestPrograms $1,972$1,972
IX-22 Depreciation, depletion and amortizationPrograms $11,828$11,828
IX-23 InsuranceManagement $1,798$1,798
IX-24 Other expenses (24a–d)Programs $12,546 · Management $1,409$13,955
IX-25 Total functional expensesPrograms $166,566 · Management $22,739 · Fundraising $0$189,305
Part X · Balance sheet $25,615,767 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $15,144,594$1,906,725
X-2 Savings and temporary cash investmentsStart of year $66,738$67,217
X-4 Accounts receivableStart of year $19,325$19,325
X-10c Land, buildings and equipment, netStart of year $541,828$530,000
X-15 Other assetsStart of year $9,809,672$23,092,500
X-16 Total assetsStart of year $25,582,157$25,615,767
X-17 Accounts payable and accrued expensesStart of year $10,301$7,833
X-26 Total liabilitiesStart of year $25,010,891$24,989,081
X-27 Net assets without donor restrictionsStart of year $571,266$626,686
X-32 Total net assets or fund balancesStart of year $571,266$626,686
X-33 Total liabilities and net assetsStart of year $25,582,157$25,615,767
Part XI · Reconciliation of net assets $626,686 net assets at year end
XI-1 Total revenue$244,725
XI-2 Total expenses$189,305
XI-3 Revenue less expenses$55,420
XI-4 Net assets at start of year$571,266
XI-10 Net assets at end of year$626,686

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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