Civic Intelligence

Choctaw County Economic Development Foundation

990 • Fiscal year 2016 • EIN 27-0048587

Apr 01, 2015 to Mar 31, 2016 • Filed on May 12, 2016

PO Box 737Ackerman, MS 39735

(662) 285-3778

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

76th percentile

13%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

50th percentile

3.9%

Faster asset growth than 50% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

22%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$519,728

Up $19,616 (+3.9%) from 2015

Net Assets

Up

$514,854

Up $17,588 (+3.5%) from 2015

Liabilities

Up

$4,874

Up $2,028 (+71%) from 2015

Revenue

Up

$137,254

Up $24,823 (+22%) from 2015

Expenses

Up

$119,666

Up $5,724 (+5.0%) from 2015

Net Income

Up

$17,588

Up $19,099 (+1264%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $505,973Liabilities 2014: $7,196Net Assets 2014: $498,7772014Assets 2015: $500,112Liabilities 2015: $2,846Net Assets 2015: $497,2662015Assets 2016: $519,728Liabilities 2016: $4,874Net Assets 2016: $514,8542016Assets 2017: $514,535Liabilities 2017: $4,133Net Assets 2017: $510,4022017Assets 2018: $512,702Liabilities 2018: $13,661Net Assets 2018: $499,0412018Assets 2019: $507,111Liabilities 2019: $6,759Net Assets 2019: $500,3522019Assets 2020: $508,246Liabilities 2020: $2,644Net Assets 2020: $505,6022020Assets 2021: $495,272Liabilities 2021: $6,334Net Assets 2021: $488,9382021Assets 2022: $513,819Liabilities 2022: $2,762Net Assets 2022: $511,0572022Assets 2023: $520,325Liabilities 2023: $2,733Net Assets 2023: $517,5922023Assets 2024: $536,617Liabilities 2024: $3,156Net Assets 2024: $533,4612024Assets 2025: $567,778Liabilities 2025: $5,639Net Assets 2025: $562,1392025

Highlighted filing

2016

Assets$519,728
Liabilities$4,874
Net Assets$514,854

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $124,989Expenses 2014: $98,886Net Income 2014: $26,1032014Revenue 2015: $112,431Expenses 2015: $113,942Net Income 2015: -$1,5112015Revenue 2016: $137,254Expenses 2016: $119,666Net Income 2016: $17,5882016Revenue 2017: $82,158Expenses 2017: $86,610Net Income 2017: -$4,4522017Revenue 2018: $119,481Expenses 2018: $130,842Net Income 2018: -$11,3612018Revenue 2019: $113,679Expenses 2019: $112,368Net Income 2019: $1,3112019Revenue 2020: $89,926Expenses 2020: $84,676Net Income 2020: $5,2502020Revenue 2021: $73,697Expenses 2021: $91,268Net Income 2021: -$17,5712021Revenue 2022: $101,725Expenses 2022: $79,994Net Income 2022: $21,7312022Revenue 2023: $88,949Expenses 2023: $82,414Net Income 2023: $6,5352023Revenue 2024: $99,647Expenses 2024: $83,444Net Income 2024: $16,2032024Revenue 2025: $125,346Expenses 2025: $96,668Net Income 2025: $28,6782025

Highlighted filing

2016

Revenue$137,254
Expenses$119,666
Net Income$17,588
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$150,056
Mission and Program Overview

Mission

CCEDF was formed in 1987 to accept private contributions in support of economic development and conduct certain activities which the governmental economic development district are not permitted

CCEDF was formed in 1987 to accept private contributions in support of economic development and conduct certain activities which the governmental economic development district are not permitted to undertake in accordance with current state law

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$426,804$425,084▼ $1,720
Cash and Non-Interest-Bearing Accounts$73,308$94,644▲ $21,336
Total Assets$500,112$519,728▲ $19,616
Liabilities
Accounts Payable and Accrued Expenses$2,546$3,674▲ $1,128
Other Liabilities$300$1,200▲ $900
Total Liabilities$2,846$4,874▲ $2,028
Net Assets / Fund Balance
Unrestricted Net Assets$497,266$514,854▲ $17,588
Total Net Assets Fund Balance$497,266$514,854▲ $17,588
Total Liabilities and Net Assets / Fund Balance$500,112$519,728▲ $19,616

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$402,000$201,055$603,055
Equipment$5,200$60,701$65,901
Land$17,884-$17,884
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kasey YoungPresident
Thomas WoodsVice President
Christina MillerDirector
Elizabeth JenkinsDirector
Lee JamesDirector
Melinda NewlinDirector
Juliette AshfordSec./ Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$119,633
Program Service Revenue
$15,284
Investment Income
$0
Other Revenue
$2,337
All Other Contributions
$2,000
Change in Net Assets
$17,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,056
Revenue Not Reported on Financial Statements
$-12,802
Other Revenue Adjustments
$-12,802
Total Revenue per Audited Statements
$150,056
Total Revenue per Form 990
$137,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,584
Grants and Similar Amounts Paid$8,082
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$20,211
Occupancy$10,000$9,695-$19,695
Grants to Domestic Orgs---$8,082
Fees for Services Legal---$5,400
Fees for Services Accounting---$4,925
Travel$0$4,918$0$4,918
All Other Expenses$3,108$340$0$3,448
Advertising$1,934$0$0$1,934
Other Expenses$491$0$0$491
Information Technology$108$0$0$108
Total Functional Expenses$65,705$15,343$0$119,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$132,468
Expenses per Audited Statements$119,666
Total Expenses per Form 990$119,666
Expenses Not Reported on Form 990$12,802
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$719
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Choctaw County Economic Development Foundation
EIN
27-0048587
Phone
6622853778
Address
PO BOX 737, ACKERMAN, MS 39735

Signing Officer

Name
Donna Mckay
Title
Executive Director
Phone
6622853778
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Mckay
Formed
1987
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
15

Preparer

Firm
Miller & Miller CPA
Address
42 WOODGATE DR, BRANDON, MS 39042-2214
Preparer
Jan M Miller CPA
Phone
6019462568
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The tax return is presented to the board of directors at the monthly meeting in july 2015. All board members were present.

Pt VI, Line 4

The organization changed it's board of directors from a 15 member board that also served as directors of a related organization to a 7 member board chosen by it's members.

Pt VI, Line 6

The organzation has members.

Pt VI, Line 7A

The members annually elect people to serve on the board of directors.

Pt VI, Line 12C

Immediately following the election of new board members each year, the board is presented a copy of the conflict of interest policy and asked to verify that no conflicts exist. Any questionable situations are discussed by the board as a whole and resolved before the first meeting begins.

Form 990, Part IX, Line 24E

POSTAGE 443. 443. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 2340. 2000. 340. 0.

Form 990, Part IX, Line 24E

Dues and subscriptions 665. 665. 0. 0.

Financial Statement Notes

Pt XI, Line 4B

Rental expenses are reported against rental income on the tax return but listed as expenses on the financials.

Pt XII, Line 2D

Rental expenses are reported against rental income on the tax retrun but listed as expenses on the financials.

Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC./ TREAS.
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES ARE REPORTED AGAINST RENTAL INCOME ON THE TAX RETURN BUT LISTED AS EXPENSES ON THE FINANCIALS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES ARE REPORTED AGAINST RENTAL INCOME ON THE TAX RETRUN BUT LISTED AS EXPENSES ON THE FINANCIALS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS PRESENTED TO THE BOARD OF DIRECTORS AT THE MONTHLY MEETING IN JULY 2015. ALL BOARD MEMBERS WERE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CHANGED IT'S BOARD OF DIRECTORS FROM A 15 MEMBER BOARD THAT ALSO SERVED AS DIRECTORS OF A RELATED ORGANIZATION TO A 7 MEMBER BOARD CHOSEN BY IT'S MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS ANNUALLY ELECT PEOPLE TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IMMEDIATELY FOLLOWING THE ELECTION OF NEW BOARD MEMBERS EACH YEAR, THE BOARD IS PRESENTED A COPY OF THE CONFLICT OF INTEREST POLICY AND ASKED TO VERIFY THAT NO CONFLICTS EXIST. ANY QUESTIONABLE SITUATIONS ARE DISCUSSED BY THE BOARD AS A WHOLE AND RESOLVED BEFORE THE FIRST MEETING BEGINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POSTAGE 443. 443. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS 2340. 2000. 340. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES AND SUBSCRIPTIONS 665. 665. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0640754161
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0QUASI-STATE GOVERNMENT UNIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0115 EAST QUINN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ACKERMAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd039735
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt11/2 OF MGMT EXPS.
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065705
IRS990/TotalFunctionalExpensesGrp/TotalAmt0119666
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02846
IRS990/TotalLiabilitiesEOYAmt04874
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IRS990/TotalLiabilitiesGrp/EOYAmt04874
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0497266
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0514854
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt015284
IRS990/TotalProgramServiceRevenueAmt015284
IRS990/TotalRevenueGrp/ExclusionAmt0719
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016902
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137254
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0500112
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0519728
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04918
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt04918
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0497266
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0514854
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 737
IRS990/USAddress/CityNm0ACKERMAN
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039735
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA MCKAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06622853778
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHOCTAW COUNTY ECONOMIC DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHOC
ReturnHeader/Filer/EIN0270048587
ReturnHeader/Filer/PhoneNum06622853778
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 737
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ReturnHeader/Filer/USAddress/ZIPCd039735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLER & MILLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt042 WOODGATE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRANDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0390422214
ReturnHeader/PreparerPersonGrp/PhoneNum06019462568
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAN M MILLER CPA
ReturnHeader/ReturnTs02016-06-13T06:27:21-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-04-01
ReturnHeader/TaxPeriodEndDt02016-03-31
ReturnHeader/TaxYr02015

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