Civic Intelligence

Tunica County Economic Development Foundation Inc

990 • Fiscal year 2020 • EIN 57-1206280

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 16, 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

45th percentile

0.00x

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

48th percentile

1.9%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-90%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$26,074

Up $485 (+1.9%) from 2019

Net Assets

Up

$26,074

Up $485 (+1.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin50th percentile

Revenue

Down

$16,000

Down $151,127 (-90%) from 2019

Expenses

Down

$15,515

Down $129,176 (-89%) from 2019

Net Income

Down

$485

Down $21,951 (-98%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2020

Assets$26,074
Liabilities$0
Net Assets$26,074
Open 2020 Filing

Operations Trend

Revenue Growth3rd 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

2020

Revenue$16,000
Expenses$15,515
Net Income$485
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 16, 2022
Return Version
2020v4.1
Gross Receipts
$16,000
Mission and Program Overview

Mission

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

Expand and diversify the industrial and manfacturing market in tunica county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,589$26,074▲ $485
Total Assets$25,589$26,074▲ $485
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,589$26,074▲ $485
Total Liabilities and Net Assets / Fund Balance$25,589$26,074▲ $485
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Charles L Finkley JrPresident
Webster FranklinVice President
John PerryLegal Counsel
Billy WillisSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$16,000
Change in Net Assets
$485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,515
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---$14,832
Office Expenses---$683
Total Functional Expenses$0$0$0$15,515
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

Governance Explanations

Page 6, Part VI, Line 11B

“No review was or will be conducted”

Page 6, Part VI,line 19

“Available upon request to the governing body”

Filing and Contact Details

Filer

Filer Name
Tunica Co Economic Dev Foundation
EIN
57-1206280
Phone
6623632865
Address
P O BOX 1888, TUNICA, MS 38676
Doing Business As
Expand and Diversify

Signing Officer

Name
Charles L Finkley Jr
Title
President
Phone
6623632865
Signed
2022-04-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Charles L Finley 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
Raw XML Appendix227 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/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3LEGAL COUNSEL
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/PhoneNum06623632865
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ReturnHeader/ReturnTs02022-04-17T21:44:20Z
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,074
Liabilities
$0
Net assets
$26,074
Revenue
$16,000
Expenses
$15,515
Net income
$485
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