To provide unified leadership for sustaining and enhancing economic development and a better quality of life for all citizens.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
13¢ of each $1 spent went to programs.
$145K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $961K a year · 52% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
13%
of spending
Concern: 13% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$551K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 36 voting members
Looks good: 36 of 36 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$845K
Spent
$711K
To programs
13%
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$845K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$845K
FY2021$1.6M
FY2022$885K
FY2023$1.0M
FY2024$3.7M
FY2025$3.1M
Expenses
$711K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$711K
FY2021$1.2M
FY2022$825K
FY2023$860K
FY2024$918K
FY2025$924K
Net assets
$4.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.1M
FY2022$5.2M
FY2023$5.4M
FY2024$8.2M
FY2025$10.4M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Aug 1995.

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

Where the money goes

13 cents of each dollar spent went to programs.

Program services 13% · $89K Management & general 87% · $622K

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

37 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/Ce
$145,090Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chariman
$0Pt VII · Sec A
Executive Co
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Clayton Stanley—$118,452$155,060$159,415$174,290$145,090
Gt McCullough$142,140$73,462————

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 Alliance 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

Drives economic growth and improves citizen quality of life through unified leadership.

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Provided by the organization

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3 programs · in their own filed words · FY2019
01

Community Development

Community leadership education programs, keep corinth beautiful program, respond to retiree inquiries, provide information for persons seeking to relocate.

Pt IX · col B
02

Economic Development

Land acquisition for industrial development, attract and maintain industry and secure grants.

Pt IX · col B
03

Membership Development

Ribbon cuttings, business after-hours, newletters, produce community profile and directory.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $374K · 2019–2024
Main StreetMS · FY2024$34,500
Create Foundation INCMS · FY2024$29,187
Create Foundation INCMS · FY2023$9,000
Create Foundation INCMS · FY2022$8,100
Create Foundation INCMS · FY2021$9,000
Create Foundation INCMS · FY2020$53,279
Create Foundation INCMS · FY2020$53,279
Create Foundation INCMS · FY2019$13,956

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$845K
Ln 12
Gifts and grantsLn 1h$766K
Other incomeLn 4–11$62K
Fees for servicesLn 2g$17K
Money outPt IX
$711K
Ln 25
Programscol B$89K
Managementcol C$622K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$604K
Total assetsLn 16$5.2M
LiabilitiesLn 26$551K
PeoplePt VI, VII
37
listed · VII A
PaidVII A1
Voting boardVI 1a36
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$766K
Government grantsLn 1e$617K
Fees for servicesLn 2g$17K
Investment incomeLn 3$340
Other incomeLn 4–11$62K
Total revenueLn 12$845K
Assets in detailPt X, end of year
CashLn 1$544K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$604K
Land, buildings, equipmentLn 10c$4.6M
Other assetsLn 15$140
Total assetsLn 16$5.2M
LiabilitiesLn 26$551K
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 56
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 FY20End FY20
Cash and savingsLn 1–2$576K$604K
Land, buildings, equipmentLn 10c$4.5M$4.6M
Total assetsLn 16$5.1M$5.2M
LiabilitiesLn 26$595K$551K
Net assetsLn 32$4.5M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$37K$37K
Other salaries and wagesLn 7$380K$380K
Pension plan contributionsLn 8$21K$21K
Other employee benefitsLn 9$59K$59K
Payroll taxesLn 10$31K$31K
Legal feesLn 11b$950$950
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$450$450
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
Information technologyLn 14$2K$2K
OccupancyLn 16$24K$24K
TravelLn 17$19K$14K$4K
Conferences, conventions and meetingsLn 19$15K$9K$6K
InterestLn 20$30K$30K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$42K$22K$20K
All other expensesLn 24e$17K$4K$13K
Total functional expensesLn 25$711K$89K$622K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.1M$924K$2.2M$10.4M 990 PDF
FY2024 $3.7M$918K$2.8M$8.2M 990 PDF
FY2023 $1.0M$860K$143K$5.4M 990 PDF
FY2022 $885K$825K$60K$5.2M 990 PDF
FY2021 $1.6M$1.2M$464K$5.1M 990 PDF
FY2020 Viewing $845K$711K$135K$4.7M 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 FY2020 990 (6 parts)
Part I · Summary $845,403 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,726,184$765,877
I-9 Program service revenuePrior year $25,149$16,831
I-10 Investment incomePrior year $465$340
I-11 Other revenuePrior year $50,291$62,355
I-12 Total revenuePrior year $1,802,089$845,403
I-13 Grants and similar amounts paidPrior year $23,933$36,956
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $443,028$489,736
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,096$184,158
I-18 Total expensesPrior year $675,057$710,850
I-19 Revenue less expensesPrior year $1,127,032$134,553
Part VI · Governance 36 of 36 board members independent, 3 to look at
VI-1a Voting members of the governing body36
VI-1b Independent voting members36
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 $845,403 across 8 lines filed
VIII-1b Membership dues$100,703
VIII-1e Government grants$617,016
VIII-1f All other contributions, gifts and grants$48,158
VIII-1h Total contributions, gifts and grants$765,877
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,831$16,831
VIII-3 Investment incomeRelated to mission $340$340
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,355$62,355
VIII-12 Total revenueRelated to mission $79,526$845,403
Part IX · Statement of functional expenses $710,850 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $36,956$36,956
IX-7 Other salaries and wagesManagement $379,534$379,534
IX-8 Pension plan contributionsManagement $20,595$20,595
IX-9 Other employee benefitsManagement $59,065$59,065
IX-10 Payroll taxesManagement $30,542$30,542
IX-11b Legal feesManagement $950$950
IX-11c Accounting feesManagement $9,438$9,438
IX-11g Other fees for servicesPrograms $450$450
IX-12 Advertising and promotionPrograms $2,226$2,226
IX-13 Office expensesManagement $9,167$9,167
IX-14 Information technologyManagement $1,864$1,864
IX-16 OccupancyManagement $24,100$24,100
IX-17 TravelPrograms $14,097 · Management $4,463$18,560
IX-19 Conferences, conventions and meetingsPrograms $8,683 · Management $5,929$14,612
IX-20 InterestManagement $29,526$29,526
IX-22 Depreciation, depletion and amortizationManagement $10,413$10,413
IX-23 InsuranceManagement $3,705$3,705
IX-24 Other expenses (24a–d)Programs $22,065 · Management $19,821$41,886
IX-24e All other expensesPrograms $4,465 · Management $12,796$17,261
IX-25 Total functional expensesPrograms $88,942 · Management $621,908 · Fundraising $0$710,850
Part X · Balance sheet $5,212,550 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $394,148$543,579
X-2 Savings and temporary cash investmentsStart of year $182,240$60,583
X-10c Land, buildings and equipment, netStart of year $4,545,781$4,608,248
X-15 Other assetsStart of year $140$140
X-16 Total assetsStart of year $5,122,309$5,212,550
X-17 Accounts payable and accrued expenses$1,917
X-26 Total liabilitiesStart of year $594,986$550,674
X-27 Net assets without donor restrictionsStart of year $4,313,311$4,491,371
X-28 Net assets with donor restrictionsStart of year $214,012$170,505
X-32 Total net assets or fund balancesStart of year $4,527,323$4,661,876
X-33 Total liabilities and net assetsStart of year $5,122,309$5,212,550
Part XI · Reconciliation of net assets $4,661,876 net assets at year end
XI-1 Total revenue$845,403
XI-2 Total expenses$710,850
XI-3 Revenue less expenses$134,553
XI-4 Net assets at start of year$4,527,323
XI-10 Net assets at end of year$4,661,876

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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