Civic Intelligence

Tunica County Economic Development Foundation Inc

990 • Fiscal year 2019 • EIN 57-1206280

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 13, 2022

Organization ProfileWWW.TUNICACHAMBER.COM
P O Box 1888Tunica, MS 38676

(662) 363-2865

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

99th percentile

712%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-26%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$25,589

Up $22,436 (+712%) from 2018

Net Assets

Up

$25,589

Up $22,436 (+712%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin74th percentile

Revenue

Down

$167,127

Down $57,766 (-26%) from 2018

Expenses

Down

$144,691

Down $170,233 (-54%) from 2018

Net Income

Up

$22,436

Up $112,467 (+125%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$100K$50K$0Assets 2010: $52,299Liabilities 2010: $0Net Assets 2010: $52,2992010Assets 2011: $23,538Liabilities 2011: $0Net Assets 2011: $23,5382011Assets 2012: $58,623Net Assets 2012: $58,6232012Assets 2013: $31,369Liabilities 2013: $0Net Assets 2013: $31,3692013Assets 2014: $7,137Liabilities 2014: $0Net Assets 2014: $7,1372014Assets 2015: $35,518Liabilities 2015: $0Net Assets 2015: $35,5182015Assets 2016: $23,611Liabilities 2016: $0Net Assets 2016: $23,6112016Assets 2017: $93,184Liabilities 2017: $0Net Assets 2017: $93,1842017Assets 2018: $3,153Liabilities 2018: $0Net Assets 2018: $3,1532018Assets 2019: $25,589Liabilities 2019: $0Net Assets 2019: $25,5892019Assets 2020: $26,074Liabilities 2020: $0Net Assets 2020: $26,0742020

Highlighted filing

2019

Assets$25,589
Liabilities$0
Net Assets$25,589
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $211,2512010Revenue 2011: $2,134,503Expenses 2011: $2,163,264Net Income 2011: -$28,7612011Revenue 2012: $100,059Expenses 2012: $64,974Net Income 2012: $35,0852012Revenue 2013: $202,055Expenses 2013: $229,309Net Income 2013: -$27,2542013Revenue 2014: $65,015Expenses 2014: $89,247Net Income 2014: -$24,2322014Revenue 2015: $92,215Expenses 2015: $63,836Net Income 2015: $28,3792015Revenue 2016: $221,867Expenses 2016: $233,774Net Income 2016: -$11,9072016Revenue 2017: $645,127Expenses 2017: $575,554Net Income 2017: $69,5732017Revenue 2018: $224,893Expenses 2018: $314,924Net Income 2018: -$90,0312018Revenue 2019: $167,127Expenses 2019: $144,691Net Income 2019: $22,4362019Revenue 2020: $16,000Expenses 2020: $15,515Net Income 2020: $4852020

Highlighted filing

2019

Revenue$167,127
Expenses$144,691
Net Income$22,436
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2022
Return Version
2019v5.1
Gross Receipts
$167,127
Mission and Program Overview

Mission

Expand and diversify the industrial and manufacturing market in tunica county.

Expand and diversify the industrial and manufacturing market in tunica county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,153$25,589▲ $22,436
Total Assets$3,153$25,589▲ $22,436
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,153$25,589▲ $22,436
Total Liabilities and Net Assets / Fund Balance$3,153$25,589▲ $22,436
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Charles L Finkley JrPresident
Webster FranklinVice President
Adrian MckaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$167,127
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$166,777
Change in Net Assets
$22,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$106,463
Office Expenses---$32,743
Advertising---$2,975
Occupancy---$1,600
Fees for Services Management---$800
Fees for Services Accounting---$110
Total Functional Expenses$0$0$0$144,691
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
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
Tunica Co Economic Dev Foundation
EIN
57-1206280
Address
P O BOX 1888, TUNICA, MS 38676

Signing Officer

Name
Charles L Finkley Jr
Title
President
Signed
2022-03-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Charles L Finkley Jr
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Block Advisors
Address
7730 WOLF RIVER BLVD, GERMANTOWN, TN 38138
Preparer
Madhuri Chillakur
Phone
9013731003
Supplemental Narrative

Additional Explanations

Page 6 Part V1 Line 11B

“No review was or will be conducted”

Page 6 Part V1 Line 19

“Available upon request to the governing body”

Raw XML Appendix226 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.

Path#Value
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TUNICA COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC
IRS990/BooksInCareOfDetail/PhoneNum06623632865
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IRS990/CYRevenuesLessExpensesAmt022436
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IRS990/DAFExcessBusinessHoldingsInd0false
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/FederalGrantAuditRequiredInd0false
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IRS990/FeesForServicesOtherGrp/TotalAmt0106463
IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES L FINKLEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm1WEBSTER FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm2ADRIAN MCKAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0167127
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MS
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0350
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/MissionDesc0EXPAND AND DIVERSIFY THE INDUSTRIAL AND MANUFACTURING MARKET IN TUNICA COUNTY
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt025589
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt01600
IRS990/OfficeExpensesGrp/TotalAmt032743
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt0292
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PAGE 6 PART V1 LINE 19
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES L FINKLEY JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-13
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ReturnHeader/Filer/BusinessNameControlTxt0TUNI
ReturnHeader/Filer/EIN0571206280
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1888
ReturnHeader/Filer/USAddress/CityNm0TUNICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038676
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038138
ReturnHeader/PreparerPersonGrp/PhoneNum09013731003
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Madhuri Chillakur
ReturnHeader/ReturnTs02022-04-17T21:21:57Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,589
Liabilities
$0
Net assets
$25,589
Revenue
$167,127
Expenses
$144,691
Net income
$22,436
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.02$0.02$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.17$0.14$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.22$0.31$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.65$0.58$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.22$0.23$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.09$0.06$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.07$0.09$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.20$0.23$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$0.10$0.06$0.04
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$2.13$2.16$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.21