Civic Intelligence

Choctaw County Economic Development Foundation

990 • Fiscal year 2022 • EIN 27-0048587

Apr 01, 2021 to Mar 31, 2022 • Filed on Jun 18, 2022

Organization ProfileCHOCTAWCOUNTYMS.COM
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

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

42nd percentile

0.03x

Higher debt load relative to revenue than 42% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

82nd percentile

21%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

54th percentile

3.7%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

38%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$513,819

Up $18,547 (+3.7%) from 2021

Net Assets

Up

$511,057

Up $22,119 (+4.5%) from 2021

Liabilities

Down

$2,762

Down $3,572 (-56%) from 2021

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin82nd percentile

Revenue

Up

$101,725

Up $28,028 (+38%) from 2021

Expenses

Down

$79,994

Down $11,274 (-12%) from 2021

Net Income

Up

$21,731

Up $39,302 (+224%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

2022

Assets$513,819
Liabilities$2,762
Net Assets$511,057
Open 2022 Filing

Operations Trend

Revenue Growth78th percentile

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

2022

Revenue$101,725
Expenses$79,994
Net Income$21,731
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Jun 18, 2022
Return Version
2021v4.1
Gross Receipts
$116,815
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$335,693$318,060▼ $17,633
Cash and Non-Interest-Bearing Accounts$159,579$195,759▲ $36,180
Total Assets$495,272$513,819▲ $18,547
Liabilities
Accounts Payable and Accrued Expenses$2,209$1,712▼ $497
Other Liabilities$4,125$1,050▼ $3,075
Total Liabilities$6,334$2,762▼ $3,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$488,031$509,762▲ $21,731
Net Assets With Donor Restrictions$907$1,295▲ $388
Total Net Assets Fund Balance$488,938$511,057▲ $22,119
Total Liabilities and Net Assets / Fund Balance$495,272$513,819▲ $18,547

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$296,382$304,591$600,973
Equipment$6,678$62,724$69,402
Land$15,000-$15,000
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Suellen ClementsPresident
Cheryl McintireVice President
Aldridge TaylorDirector
Cristin ChandlerDirector
Juliette AshfordDirector
Melinda NewlinDirector
Dianne ChanceloorSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,346
Program Service Revenue
$8,866
Investment Income
$46
Other Revenue
$4,467
Change in Net Assets
$21,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,725
Revenue Not Reported on Form 990
$15,090
Total Revenue per Audited Statements
$116,815
Total Revenue per Form 990
$101,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,594
Grants and Similar Amounts Paid$9,400
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$17,731$0$17,731
Depreciation Depletion$15,133$2,500$0$17,633
Grants to Domestic Orgs$9,400--$9,400
Fees for Services Accounting$0$5,500$0$5,500
Fees for Services Legal$0$5,400$0$5,400
Travel$0$4,248$0$4,248
Advertising$1,895$0$0$1,895
All Other Expenses$290$1,196$0$1,486
Information Technology$0$1,378$0$1,378
Other Expenses$941$0$0$941
Total Functional Expenses$39,650$40,344$0$79,994

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$95,084
Expenses per Audited Statements$79,994
Total Expenses per Form 990$79,994
Expenses Not Reported on Form 990$15,090
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,050
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 35% controlled entity
No
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
Doing Business As
Choctaw County Chamber of Commerce

Signing Officer

Name
Donna Mckay
Title
Executive Director
Phone
6622853778
Signed
2022-06-18
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
Tew & Company Pa
Address
130 RIVERVIEW DR STE E, FLOWOOD, MS 39232
Preparer
Ronald W Tew Jr CPA
Phone
6014203070
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The tax return is presented to the board of directors at the monthly meeting in july 2017. All board members were present.”

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.”

Pt XI

“Funds were restricted for aspire”

Financial Statement Notes

Pt XI, Line 2D

“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.”

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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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IRS990ScheduleD/RevenueNotReportedAmt015090
IRS990ScheduleD/RevenueSubtotalAmt0101725
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318060
IRS990ScheduleD/TotalExpensesPerForm990Amt079994
IRS990ScheduleD/TotalLiabilityAmt01050
IRS990ScheduleD/TotalRevenuePerForm990Amt0101725
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0116815
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt095084
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS PRESENTED TO THE BOARD OF DIRECTORS AT THE MONTHLY MEETING IN JULY 2017. ALL BOARD MEMBERS WERE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ANNUALLY ELECT PEOPLE TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IMMEDIATELY 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/ExplanationTxt4FUNDS WERE RESTRICTED FOR ASPIRE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHOCTAW CTY ECON DEVEL 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
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt11/2 OF MGMT EXPS.
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt225% OF ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CHOCTAW COUNTY ECONOMIC DEVELOPMENT DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0495272
IRS990/TotalAssetsEOYAmt0513819
IRS990/TotalAssetsGrp/BOYAmt0495272
IRS990/TotalAssetsGrp/EOYAmt0513819
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088346
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040344
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039650
IRS990/TotalFunctionalExpensesGrp/TotalAmt079994
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06334
IRS990/TotalLiabilitiesEOYAmt02762
IRS990/TotalLiabilitiesGrp/BOYAmt06334
IRS990/TotalLiabilitiesGrp/EOYAmt02762
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0488938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0511057
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt08866
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt039650
IRS990/TotalProgramServiceRevenueAmt08866
IRS990/TotalRevenueGrp/ExclusionAmt046
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101725
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0495272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0513819
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04248
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt04248
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 737
IRS990/USAddress/CityNm0ACKERMAN
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039735
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0CHOCTAWCOUNTYMS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA MCKAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06622853778
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHOCTAW COUNTY ECONOMIC DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHOC
ReturnHeader/Filer/EIN0270048587
ReturnHeader/Filer/PhoneNum06622853778

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$513,819
Liabilities
$2,762
Net assets
$511,057
Revenue
$101,725
Expenses
$79,994
Net income
$21,731
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.68$0.06$5.62$1.25$0.97$0.29
2024Detailed filing. Detailed filing data is available for this year.$5.37$0.03$5.33$1.00$0.83$0.16
2023Detailed filing. Detailed filing data is available for this year.$5.20$0.03$5.18$0.89$0.82$0.07
2022Detailed filing. Detailed filing data is available for this year.$5.14$0.03$5.11$1.02$0.80$0.22
2021Detailed filing. Detailed filing data is available for this year.$4.95$0.06$4.89$0.74$0.91$0.18
2020Detailed filing. Detailed filing data is available for this year.$5.08$0.03$5.06$0.90$0.85$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.07$0.07$5.00$1.14$1.12$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.13$0.14$4.99$1.19$1.31$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.15$0.04$5.10$0.82$0.87$0.04
2016Detailed filing. Detailed filing data is available for this year.$5.20$0.05$5.15$1.37$1.20$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.00$0.03$4.97$1.12$1.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.06$0.07$4.99$1.25$0.99$0.26