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The Alliance FY2021 filing

Not tax-deductible

Corinth, MS501(c)(6)Since 1994EIN 64-0851107Revenue $1.6M in FY2021

On file with the IRScorinthalliance.com502 Wick St, 38834-5609 · Corinth, MSTax-exempt since Aug 1995

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

46¢ of each $1 spent went to programs.
$349K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

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
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
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$349K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+93% vs prior year
Spent
$1.2M
To programs
46%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$1.6M
FY2021▲ +93%
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
$1.2M
FY2021▲ +64%
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
$5.1M
FY2021▲ +10%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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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 Aug 1995.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $531K Management & general 54% · $633K

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

76 people listed on the 990; $349K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Clayton Stanley
President/Ce
$174,290Pt VII · Sec A
Clayton Stanley
President/Ce
$174,290Pt VII · Sec A
Hank Barrett
Director
$0Pt VII · Sec A
Jeff Belcher
Director
$0Pt VII · Sec A
Kyle Bethay
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Arch Bullard
Past Chairma
$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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4 programs · in their own filed words · FY2020
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

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
03

Economic Development

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

Pt IX · col B
04

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
Northeast Mississippi Museum AssociationMS · FY2024$26,735
Northeast Mississippi Museum AssociationMS · FY2023$21,735
Create Foundation INCMS · FY2023$9,000
Northeast Mississippi Museum AssociationMS · FY2022$21,735
Create Foundation INCMS · FY2022$8,100
Northeast Mississippi Museum AssociationMS · FY2021$24,150
Create Foundation INCMS · FY2021$9,000
Create Foundation INCMS · FY2020$53,279
Create Foundation INCMS · FY2020$53,279
Northeast Mississippi Museum AssociationMS · FY2020$22,992
Northeast Mississippi Museum AssociationMS · FY2020$22,992
Northeast Mississippi Museum AssociationMS · FY2019$23,000
Create Foundation INCMS · FY2019$13,956

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$128K
Fees for servicesLn 2g$55K
Money outPt IX
$1.2M
Ln 25
Programscol B$531K
Managementcol C$633K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$669K
Total assetsLn 16$6.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
76
listed · VII A
PaidVII A2
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$55K
Investment incomeLn 3$223
Other incomeLn 4–11$128K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$669K
Total assetsLn 16$6.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

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 Viewing $1.6M$1.2M$464K$5.1M 990 PDF
FY2020 $845K$711K$135K$4.7M 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 (1 part)
Part VI · Governance 38 of 38 board members independent, 3 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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

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

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