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Moore County Development INC FY2024 filing

Not tax-deductible

Dumas, TX501(c)(6)Since 1975Mutual / membership EIN 75-1489595Revenue $127K in FY2024

On file with the IRSPo Box 324, 79029-0324 · Dumas, TXTax-exempt since Feb 1976

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Economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
5 of 6
filings with a surplus
Average surplus $367K a year · 80% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
84 mo
of spending, in cash
Looks good: 84.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
+2% vs prior year
Spent
$128K
To programs
80%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$127K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$66K
FY2021$2.0M
FY2022$270K
FY2023$124K
FY2024$127K
FY2025$109K
Expenses
$128K
FY2024▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$52K
FY2021$99K
FY2022$105K
FY2023$95K
FY2024$128K
FY2025$57K
Net assets
$4.0M
FY2024-0.05%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$3.8M
FY2022$4.0M
FY2023$4.0M
FY2024$4.0M
FY2025$4.1M

From the FY2024 Form 990 (year ending July 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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 Feb 1976.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $103K Management & general 20% · $26K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Larry Appel
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dee Vaughan
Director
$0Pt VII · Sec A
See Moore County Development 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

Moore County Development INC is a business league or trade association based in Dumas, TX, formed in 1975.

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Provided by the organization

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1 program · $103K · in their own filed words · FY2023
01

With funds made available from us department of commerce, title ix, public works and economic grant, this not-for-profit organization promotes the business and economic interests of moore county, texas

$103Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$127K
Ln 12
Investment incomeLn 3$126K
Other incomeLn 4–11$300
Money outPt IX
$128K
Ln 25
Programscol B$103K
Managementcol C$26K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$900K
Total assetsLn 16$4.0M
LiabilitiesLn 26$1K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$126K
Other incomeLn 4–11$300
Total revenueLn 12$127K
Assets in detailPt X, end of year
CashLn 1$768K
SavingsLn 2$131K
Cash and savings togetherLn 1–2$900K
Land, buildings, equipmentLn 10c$407
Total assetsLn 16$4.0M
LiabilitiesLn 26$1K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJuly
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 FY24End FY24
Cash and savingsLn 1–2$904K$900K
Land, buildings, equipmentLn 10c$611$407
Total assetsLn 16$4.0M$4.0M
LiabilitiesLn 26$3K$1K
Net assetsLn 32$4.0M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$18K$7K$11K
Payroll taxesLn 10$4K$3K$748
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$285$285
Office expensesLn 13$2K$599$1K
OccupancyLn 16$7K$5K$1K
TravelLn 17$6K$5K$1K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$204$204
InsuranceLn 23$6K$6K$282
Other expenses (24a–d)Ln 24$70K$68K$2K
All other expensesLn 24e$80$64$16
Total functional expensesLn 25$128K$103K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $109K$57K$52K$4.1M 990 PDF
FY2024 Viewing $127K$128K−$2K$4.0M 990 PDF
FY2023 $124K$95K$29K$4.0M 990 PDF
FY2022 $270K$105K$165K$4.0M 990 PDF
FY2021 $2.0M$99K$1.9M$3.8M 990 PDF
FY2020 $66K$52K$14K$1.9M 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 FY2024 990 (6 parts)
Part I · Summary $126,538 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $123,576$126,238
I-11 Other revenue$300
I-12 Total revenuePrior year $123,576$126,538
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $52,407$22,025
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,430$106,429
I-18 Total expensesPrior year $94,837$128,454
I-19 Revenue less expensesPrior year $28,739−$1,916
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $126,538 across 3 lines filed
VIII-3 Investment incomeRelated to mission $126,238$126,238
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300$300
VIII-12 Total revenueRelated to mission $126,538$126,538
Part IX · Statement of functional expenses $128,454 across 13 lines filed
IX-7 Other salaries and wagesPrograms $7,315 · Management $10,972$18,287
IX-10 Payroll taxesPrograms $2,990 · Management $748$3,738
IX-11b Legal feesPrograms $7,675$7,675
IX-11c Accounting feesManagement $6,900$6,900
IX-12 Advertising and promotionPrograms $285$285
IX-13 Office expensesPrograms $599 · Management $1,139$1,738
IX-16 OccupancyPrograms $5,280 · Management $1,320$6,600
IX-17 TravelPrograms $5,152 · Management $1,288$6,440
IX-19 Conferences, conventions and meetingsManagement $1,055$1,055
IX-22 Depreciation, depletion and amortizationManagement $204$204
IX-23 InsurancePrograms $5,508 · Management $282$5,790
IX-24 Other expenses (24a–d)Programs $67,924 · Management $1,738$69,662
IX-24e All other expensesPrograms $64 · Management $16$80
IX-25 Total functional expensesPrograms $102,792 · Management $25,662 · Fundraising $0$128,454
Part X · Balance sheet $4,035,589 assets, 11 lines filed
Asset lines not itemized here account for $3,133,869; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $777,392$768,177
X-2 Savings and temporary cash investmentsStart of year $126,859$131,449
X-9 Prepaid expenses and deferred chargesStart of year $1,737$1,687
X-10c Land, buildings and equipment, netStart of year $611$407
X-16 Total assetsStart of year $4,038,909$4,035,589
X-17 Accounts payable and accrued expensesStart of year $1,758$1,131
X-25 Other liabilitiesStart of year $1,083$306
X-26 Total liabilitiesStart of year $2,841$1,437
X-27 Net assets without donor restrictionsStart of year $4,036,068$4,034,152
X-32 Total net assets or fund balancesStart of year $4,036,068$4,034,152
X-33 Total liabilities and net assetsStart of year $4,038,909$4,035,589
Part XI · Reconciliation of net assets $4,034,152 net assets at year end
XI-1 Total revenue$126,538
XI-2 Total expenses$128,454
XI-3 Revenue less expenses−$1,916
XI-4 Net assets at start of year$4,036,068
XI-10 Net assets at end of year$4,034,152

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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