Civic Intelligence

Tishomingo County Development

990 • Fiscal year 2023 • EIN 51-0226045

Jan 01, 2023 to Dec 31, 2023 • Filed on May 10, 2024

1001 Battleground DriveIuka, MS 38852-1019

(662) 423-9933

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

62nd percentile

9.8%

Higher net margin than 62% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$113,239

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 45.3% of source-year revenue.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

5.0%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$141,779

Up $21,644 (+18%) from 2022

Net Assets

Up

$141,049

Up $24,522 (+21%) from 2022

Liabilities

Down

$730

Down $2,878 (-80%) from 2022

Revenue

Up

$249,912

Up $12,001 (+5.0%) from 2022

Expenses

Up

$225,389

Up $2,478 (+1.1%) from 2022

Net Income

Up

$24,523

Up $9,523 (+63%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $24,925Liabilities 2010: $3,344Net Assets 2010: $21,5812010Assets 2011: $61,539Liabilities 2011: $3,492Net Assets 2011: $58,0472011Assets 2012: $85,221Liabilities 2012: $4,135Net Assets 2012: $81,0862012Assets 2013: $78,795Liabilities 2013: $3,611Net Assets 2013: $75,1842013Assets 2014: $68,870Liabilities 2014: $3,892Net Assets 2014: $64,9782014Assets 2015: $61,160Liabilities 2015: $4,709Net Assets 2015: $56,4512015Assets 2016: $58,010Liabilities 2016: $4,814Net Assets 2016: $53,1962016Assets 2017: $63,719Liabilities 2017: $1,502Net Assets 2017: $62,2172017Assets 2018: $54,866Liabilities 2018: $632Net Assets 2018: $54,2342018Assets 2019: $75,318Liabilities 2019: $986Net Assets 2019: $74,3322019Assets 2020: $94,217Liabilities 2020: $793Net Assets 2020: $93,4242020Assets 2021: $102,144Liabilities 2021: $617Net Assets 2021: $101,5272021Assets 2022: $120,135Liabilities 2022: $3,608Net Assets 2022: $116,5272022Assets 2023: $141,779Liabilities 2023: $730Net Assets 2023: $141,0492023Assets 2024: $147,043Liabilities 2024: $2,963Net Assets 2024: $144,0802024

Highlighted filing

2023

Assets$141,779
Liabilities$730
Net Assets$141,049

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $198,829Expenses 2010: $198,843Net Income 2010: -$142010Expenses 2011: $203,0002011Expenses 2012: $218,2722012Revenue 2013: $255,836Expenses 2013: $261,738Net Income 2013: -$5,9022013Revenue 2014: $257,323Expenses 2014: $267,529Net Income 2014: -$10,2062014Revenue 2015: $251,769Expenses 2015: $260,296Net Income 2015: -$8,5272015Revenue 2016: $252,361Expenses 2016: $256,615Net Income 2016: -$4,2542016Revenue 2017: $249,994Expenses 2017: $240,973Net Income 2017: $9,0212017Revenue 2018: $251,871Expenses 2018: $259,854Net Income 2018: -$7,9832018Revenue 2019: $252,528Expenses 2019: $232,430Net Income 2019: $20,0982019Revenue 2020: $239,218Expenses 2020: $220,126Net Income 2020: $19,0922020Revenue 2021: $238,816Expenses 2021: $231,034Net Income 2021: $7,7822021Revenue 2022: $237,911Expenses 2022: $222,911Net Income 2022: $15,0002022Revenue 2023: $249,912Expenses 2023: $225,389Net Income 2023: $24,5232023Revenue 2024: $252,056Expenses 2024: $249,026Net Income 2024: $3,0302024

Highlighted filing

2023

Revenue$249,912
Expenses$225,389
Net Income$24,523
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v5.0
Gross Receipts
$249,912
Mission and Program Overview

Mission

To promote economic and community development within tishomingo county, mississippi.

Promote economic and community development within tishomingo county, mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$116,527$141,049▲ $24,522
Cash and Non-Interest-Bearing Accounts$80,370$100,199▲ $19,829
Savings and Temporary Cash Investments$39,765$40,567▲ $802
Total Assets$120,135$141,779▲ $21,644
Other Assets Total-$1,013-
Liabilities
Accounts Payable and Accrued Expenses$3,608$730▼ $2,878
Total Liabilities$3,608$730▼ $2,878
Net Assets / Fund Balance
Total Net Assets Fund Balance$116,527$141,049▲ $24,522
Total Liabilities and Net Assets / Fund Balance$120,135$141,779▲ $21,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary MatthewsExecutive DiFT$113,239$113,239

Board Members and Trustees

NameTitle
Fred TruesdaleChairman
Don HallPast Chairma
Malcolm KuykendallVice Chairma
Peyton CummingsSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$248,869
Program Service Revenue
$0
Investment Income
$1,043
Other Revenue
$0
All Other Contributions
$2,590
Change in Net Assets
$24,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$178,139
Other Expenses$47,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,355--$163,355
Advertising$12,667--$12,667
Payroll Taxes$12,553--$12,553
Office Expenses$10,613--$10,613
Insurance$6,771--$6,771
Fees for Services Accounting$3,481--$3,481
Travel$3,025--$3,025
Conferences and Meetings$2,558--$2,558
Other Employee Benefits$2,231--$2,231
All Other Expenses$2,190--$2,190
Other Expenses$1,196--$1,196
Total Functional Expenses$225,389$0$0$225,389
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

ASSOCIATION OF MEMBERS.

Form 990, Page 6, Part VI, Line 7A

Membership elects the board of directors.

Form 990, Page 6, Part VI, Line 11B

Board of directors review the 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

Available for public inspection during normal operating hours.

Filing and Contact Details

Filer

Filer Name
Tishomingo County Development
EIN
51-0226045
Phone
6624239933
Address
1001 BATTLEGROUND DRIVE, IUKA, MS 38852-1019

Signing Officer

Name
Peyton Cummings
Title
Sec/treas
Phone
6014239933
Signed
2024-05-10

Organization Details

Principal Officer
Fred Truesdale
Formed
1975
Legal Domicile
Ms
Voting Board Members
28
Independent Board Members
28
Employees
2

Preparer

Firm
The Sparks CPA Firm Pc
Address
PO BOX 402, IUKA, MS 38852-0402
Preparer
Daniel Heath Castile CPA
Phone
6624235057
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING -1

Raw XML Appendix281 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION OF MEMBERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE FOR PUBLIC INSPECTION DURING NORMAL OPERATING HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PhoneNum06624235057
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL HEATH CASTILE CPA
ReturnHeader/ReturnTs02024-05-14T18:20:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FERRIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURRESS
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.47$0.03$1.44$2.52$2.49$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.41$2.50$2.25$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.17$2.38$2.23$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.01$1.02$2.39$2.31$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$2.39$2.20$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.74$2.53$2.32$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$2.52$2.60$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.02$0.62$2.50$2.41$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.05$0.53$2.52$2.57$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.05$0.56$2.52$2.60$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.04$0.65$2.57$2.68$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$2.56$2.62$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.04$0.81$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.03$0.58$2.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.03$0.22$1.99$1.99$0.00
Peer Organizations

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