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South Central TN Business Developme

Mt Pleasant, TNUnknown exempt organizationEIN 68-0552352Revenue $362K in FY2025

On file with the IRSsctdloans.org101 Sam Watkins Boulevard · Mt Pleasant, TN

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To assist communities and businesses to access various state and local grant and loan programs to facilitate the location and expansion of businesses that can create employment opportunities for residents of the area.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 5
filings with a surplus
Average surplus $36K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$362K
-10% vs prior year
Spent
$301K
To programs
100%
Net assets
$324K
By yearFY2021–FY2025
Revenue
$362K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$407K
FY2022$342K
FY2023$343K
FY2024$404K
FY2025$362K
Expenses
$301K
FY2025▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2021$364K
FY2022$342K
FY2023$317K
FY2024$351K
FY2025$301K
Net assets
$324K
FY2025▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2021$186K
FY2022$186K
FY2023$212K
FY2024$264K
FY2025$324K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $301K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan C Shuff
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt a Layton
Vice President
$0Pt VII · Sec A
See South Central TN Business Developme 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

Helps communities and businesses get grants and loans to create local jobs.

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Provided by the organization

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1 program · $301K · in their own filed words · FY2024
01

To assist communities and businesses in the location and application for state and local grants and small business administration loans.

$301Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$362K
Ln 12
Fees for servicesLn 2g$331K
Other incomeLn 4–11$31K
Money outPt IX
$301K
Ln 25
Programscol B$301K
Owns and owesPt X
$324K
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$329K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$331K
Other incomeLn 4–11$31K
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$329K
Cash and savings togetherLn 1–2$329K
Total assetsLn 16$329K
LiabilitiesLn 26$5K
Net assetsLn 32$324K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$317K$329K
Total assetsLn 16$317K$329K
LiabilitiesLn 26$53K$5K
Net assetsLn 32$264K$324K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$6K
Legal feesLn 11b$996$996
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$5K$5K
Information technologyLn 14$12K$12K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$191K$191K
All other expensesLn 24e$73K$73K
Total functional expensesLn 25$301K$301K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $362K$301K$60K$324K 990 PDF
FY2024 $404K$351K$52K$264K 990 PDF
FY2023 $343K$317K$26K$212K 990 PDF
FY2022 $342K$342K−$434$186K 990 PDF
FY2021 $407K$364K$43K$186K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $361,897 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$330,991
I-10 Investment income$0
I-11 Other revenue$30,906
I-12 Total revenue$361,897
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$301,454
I-18 Total expenses$301,454
I-19 Revenue less expenses$60,443
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 $361,897 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $330,991$330,991
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,906$30,906
VIII-12 Total revenueRelated to mission $361,897 · Unrelated business $0 · Excluded from tax $0$361,897
Part IX · Statement of functional expenses $301,454 across 9 lines filed
IX-11a Management feesPrograms $6,389$6,389
IX-11b Legal feesPrograms $996$996
IX-11c Accounting feesPrograms $2,275$2,275
IX-12 Advertising and promotionPrograms $5,040$5,040
IX-14 Information technologyPrograms $12,096$12,096
IX-19 Conferences, conventions and meetingsPrograms $6,774$6,774
IX-23 InsurancePrograms $4,471$4,471
IX-24 Other expenses (24a–d)Programs $190,886$190,886
IX-24e All other expensesPrograms $72,527$72,527
IX-25 Total functional expensesPrograms $301,454 · Management $0 · Fundraising $0$301,454
Part X · Balance sheet $329,402 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $316,781$329,402
X-16 Total assetsStart of year $316,781$329,402
X-25 Other liabilitiesStart of year $5,000$5,000
X-26 Total liabilitiesStart of year $52,822$5,000
X-27 Net assets without donor restrictionsStart of year $263,959$324,402
X-32 Total net assets or fund balancesStart of year $263,959$324,402
X-33 Total liabilities and net assetsStart of year $316,781$329,402
Part XI · Reconciliation of net assets $324,402 net assets at year end
XI-1 Total revenue$361,897
XI-2 Total expenses$301,454
XI-3 Revenue less expenses$60,443
XI-4 Net assets at start of year$263,959
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$324,402

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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