Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990; $170K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Keith Brice | $170,497 | $288,133 | $188,529 | $253,901 |
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 Mid State Development Corporation executive salaries →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
Helps small businesses get loans to grow and create local jobs.
Questions for Mid State Development Corporation
Your first name shows with your question. Mid State Development Corporation answers here, for everyone.
The corporations goal is to create jobs and stimulate economic Development in kern county by offering the sba loan program to small business owners in kern county.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-3507734) · Dispute this lineBy the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $563K | $495K |
| Land, buildings, equipmentLn 10c | $356K | $341K |
| Total assetsLn 16 | $1.2M | $1.1M |
| LiabilitiesLn 26 | $372K | $274K |
| Net assetsLn 32 | $789K | $837K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $170K | $125K | $46K | |
| Other salaries and wagesLn 7 | $311K | $249K | $62K | |
| Other employee benefitsLn 9 | $35K | $28K | $7K | |
| Payroll taxesLn 10 | $28K | $23K | $6K | |
| Legal feesLn 11b | $12K | $11K | $1K | |
| Accounting feesLn 11c | $36K | $33K | $4K | |
| Other fees for servicesLn 11g | $7K | $7K | ||
| Office expensesLn 13 | $24K | $22K | $2K | |
| Information technologyLn 14 | $27K | $24K | $3K | |
| Conferences, conventions and meetingsLn 19 | $747 | $747 | ||
| Depreciation, depletion and amortizationLn 22 | $15K | $14K | $2K | |
| InsuranceLn 23 | $12K | $11K | $1K | |
| Other expenses (24a–d)Ln 24 | $52K | $48K | $4K | |
| All other expensesLn 24e | $42K | $32K | $10K | |
| Total functional expensesLn 25 | $774K | $626K | $148K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Aug 13, 2025 | $150K | $249K | −$99K | $0 | 990 PDF |
| FY2023 ViewingFiled with the IRS Feb 14, 2024 | $822K | $774K | $48K | $837K | 990 PDF |
| FY2022Filed with the IRS Aug 15, 2023 | $777K | $813K | −$36K | $789K | 990 PDF |
| FY2021Filed with the IRS Mar 24, 2022 | $507K | $673K | −$166K | $817K | 990 PDF |
| FY2020Filed with the IRS Apr 22, 2021 | $694K | $806K | −$112K | $983K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $821,922 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $821,922 across 3 lines filed
Part IX · Statement of functional expenses $773,562 across 14 lines filed
Part X · Balance sheet $1,111,122 assets, 12 lines filed
Part XI · Reconciliation of net assets $836,997 net assets at year end
Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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