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.
25¢ of each $1 spent went to programs.
$155K 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

FY2023 · 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
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
25% of total assets
Looks good: liabilities are 25% 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
$1.0M
+13% vs prior year
Spent
$860K
To programs
25%
Net assets
$5.4M
By yearFY2020–FY2025
Revenue
$1.0M
FY2023▲ +13%
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
$860K
FY2023▲ +4%
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
$5.4M
FY2023▲ +4%
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 FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

25 cents of each dollar spent went to programs.

Program services 25% · $218K Management & general 75% · $642K

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

38 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Ce
$155,060Pt VII · Sec A
Executive Co
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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.

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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 · FY2022
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$951K
Fees for servicesLn 2g$34K
Other incomeLn 4–11$14K
Money outPt IX
$860K
Ln 25
Programscol B$218K
Managementcol C$642K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$782K
Total assetsLn 16$7.2M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
38
listed · VII A
PaidVII A1
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$951K
Government grantsLn 1e$636K
Fees for servicesLn 2g$34K
Investment incomeLn 3$5K
Other incomeLn 4–11$14K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$569K
SavingsLn 2$214K
Cash and savings togetherLn 1–2$782K
Land, buildings, equipmentLn 10c$6.4M
Other assetsLn 15$140
Total assetsLn 16$7.2M
LiabilitiesLn 26$1.8M
Net assetsLn 32$5.4M
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 FY23End FY23
Cash and savingsLn 1–2$566K$782K
Land, buildings, equipmentLn 10c$6.5M$6.4M
Total assetsLn 16$7.0M$7.2M
LiabilitiesLn 26$1.8M$1.8M
Net assetsLn 32$5.2M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Other salaries and wagesLn 7$359K$359K
Pension plan contributionsLn 8$21K$21K
Other employee benefitsLn 9$52K$52K
Payroll taxesLn 10$27K$27K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$6K$6K
OccupancyLn 16$32K$32K
TravelLn 17$18K$18K$48
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$95K$95K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$91K$85K$6K
All other expensesLn 24e$21K$10K$11K
Total functional expensesLn 25$860K$218K$642K$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 Viewing $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 $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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,003,491 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $865,967$950,588
I-9 Program service revenuePrior year $17,636$33,883
I-10 Investment incomePrior year $192$5,156
I-11 Other revenuePrior year $1,013$13,864
I-12 Total revenuePrior year $884,808$1,003,491
I-13 Grants and similar amounts paidPrior year $33,150$29,835
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $502,226$458,870
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $289,521$371,603
I-18 Total expensesPrior year $824,897$860,308
I-19 Revenue less expensesPrior year $59,911$143,183
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
Part VIII · Statement of revenue $1,003,491 across 8 lines filed
VIII-1b Membership dues$131,575
VIII-1e Government grants$635,819
VIII-1f All other contributions, gifts and grants$183,194
VIII-1h Total contributions, gifts and grants$950,588
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,883$33,883
VIII-3 Investment incomeRelated to mission $5,156$5,156
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,864$13,864
VIII-12 Total revenueRelated to mission $52,903$1,003,491
Part IX · Statement of functional expenses $860,308 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $29,835$29,835
IX-7 Other salaries and wagesManagement $358,911$358,911
IX-8 Pension plan contributionsManagement $21,012$21,012
IX-9 Other employee benefitsManagement $52,109$52,109
IX-10 Payroll taxesManagement $26,838$26,838
IX-11c Accounting feesManagement $12,835$12,835
IX-11g Other fees for servicesPrograms $3,565$3,565
IX-12 Advertising and promotionPrograms $8,247$8,247
IX-13 Office expensesManagement $6,139$6,139
IX-16 OccupancyManagement $32,364$32,364
IX-17 TravelPrograms $18,181 · Management $48$18,229
IX-19 Conferences, conventions and meetingsManagement $5,044$5,044
IX-20 InterestManagement $95,013$95,013
IX-22 Depreciation, depletion and amortizationPrograms $63,179$63,179
IX-23 InsuranceManagement $14,378$14,378
IX-24 Other expenses (24a–d)Programs $84,995 · Management $6,151$91,146
IX-24e All other expensesPrograms $10,216 · Management $11,248$21,464
IX-25 Total functional expensesPrograms $218,218 · Management $642,090 · Fundraising $0$860,308
Part X · Balance sheet $7,171,250 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $361,138$568,507
X-2 Savings and temporary cash investmentsStart of year $204,889$213,535
X-10c Land, buildings and equipment, netStart of year $6,452,247$6,389,068
X-15 Other assetsStart of year $140$140
X-16 Total assetsStart of year $7,018,414$7,171,250
X-26 Total liabilitiesStart of year $1,832,884$1,773,816
X-27 Net assets without donor restrictionsStart of year $4,942,579$5,142,347
X-28 Net assets with donor restrictionsStart of year $242,951$255,087
X-32 Total net assets or fund balancesStart of year $5,185,530$5,397,434
X-33 Total liabilities and net assetsStart of year $7,018,414$7,171,250
Part XI · Reconciliation of net assets $5,397,434 net assets at year end
XI-1 Total revenue$1,003,491
XI-2 Total expenses$860,308
XI-3 Revenue less expenses$143,183
XI-4 Net assets at start of year$5,185,530
XI-9 Other changes in net assets$68,721
XI-10 Net assets at end of year$5,397,434

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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