Civic Intelligence

Itawamba County Development Council

990 • Fiscal year 2018 • EIN 64-0540169

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 02, 2019

PO Box 577Fulton, MS 38843

(662) 862-4571

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$42,385

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 28.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

88th percentile

70%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

53%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$105,033

Up $43,236 (+70%) from 2017

Net Assets

Up

$101,399

Up $44,748 (+79%) from 2017

Liabilities

Down

$3,634

Down $1,512 (-29%) from 2017

Revenue

Up

$151,357

Up $52,606 (+53%) from 2017

Expenses

Up

$106,609

Up $7,404 (+7.5%) from 2017

Net Income

Up

$44,748

Up $45,202 (+9956%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,288,951Liabilities 2010: $13,280Net Assets 2010: $1,275,6712010Assets 2011: $1,259,827Liabilities 2011: $9,433Net Assets 2011: $1,250,3942011Assets 2012: $1,180,393Liabilities 2012: $7,066Net Assets 2012: $1,173,3272012Assets 2013: $48,349Liabilities 2013: $4,004Net Assets 2013: $44,3452013Assets 2014: $35,941Liabilities 2014: $13,397Net Assets 2014: $22,5442014Assets 2015: $54,465Liabilities 2015: $9,698Net Assets 2015: $44,7672015Assets 2016: $64,468Liabilities 2016: $7,363Net Assets 2016: $57,1052016Assets 2017: $61,797Liabilities 2017: $5,146Net Assets 2017: $56,6512017Assets 2018: $105,033Liabilities 2018: $3,634Net Assets 2018: $101,3992018Assets 2019: $101,900Liabilities 2019: $1,184Net Assets 2019: $100,7162019Assets 2020: $136,681Liabilities 2020: $16,526Net Assets 2020: $120,1552020Assets 2021: $152,455Liabilities 2021: $2,125Net Assets 2021: $150,3302021Assets 2022: $177,861Liabilities 2022: $2,194Net Assets 2022: $175,6672022Assets 2023: $457,479Liabilities 2023: $2,793Net Assets 2023: $454,6862023Assets 2024: $576,451Liabilities 2024: $930Net Assets 2024: $575,5212024

Highlighted filing

2018

Assets$105,033
Liabilities$3,634
Net Assets$101,399

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $228,0812010Expenses 2011: $266,6512011Expenses 2012: $266,5222012Expenses 2013: $276,2932013Revenue 2014: $180,970Expenses 2014: $202,771Net Income 2014: -$21,8012014Revenue 2015: $128,706Expenses 2015: $106,483Net Income 2015: $22,2232015Revenue 2016: $98,107Expenses 2016: $85,769Net Income 2016: $12,3382016Revenue 2017: $98,751Expenses 2017: $99,205Net Income 2017: -$4542017Revenue 2018: $151,357Expenses 2018: $106,609Net Income 2018: $44,7482018Revenue 2019: $140,996Expenses 2019: $141,679Net Income 2019: -$6832019Revenue 2020: $139,477Expenses 2020: $120,038Net Income 2020: $19,4392020Revenue 2021: $159,793Expenses 2021: $129,618Net Income 2021: $30,1752021Revenue 2022: $154,151Expenses 2022: $128,814Net Income 2022: $25,3372022Revenue 2023: $441,956Expenses 2023: $162,937Net Income 2023: $279,0192023Revenue 2024: $277,036Expenses 2024: $157,185Net Income 2024: $119,8512024

Highlighted filing

2018

Revenue$151,357
Expenses$106,609
Net Income$44,748
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 2, 2019
Return Version
2017v2.3
Gross Receipts
$160,722
Mission and Program Overview

Mission

The mission of the itawamba county development council is to improve and enhance the quality of life for all citizens and promote orderly business and economic development in itawamba county.

To create economic growth and jobs in itawamba county, mississippi by attracting new businesses and opening new industrial sites

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,160$96,704▲ $45,544
Land, Buildings, and Equipment, Net$10,637$8,329▼ $2,308
Total Assets$61,797$105,033▲ $43,236
Liabilities
Accounts Payable and Accrued Expenses$967$1,937▲ $970
Mortgage Notes Payable Secured by Investment Property$4,179$1,697▼ $2,482
Total Liabilities$5,146$3,634▼ $1,512
Net Assets / Fund Balance
Unrestricted Net Assets$56,651$101,399▲ $44,748
Total Net Assets Fund Balance$56,651$101,399▲ $44,748
Total Liabilities and Net Assets / Fund Balance$61,797$105,033▲ $43,236

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,730$44,402$46,132
Land$6,599-$6,599
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vaunita MartinExecutive DirectorFT$42,385$42,385

Board Members and Trustees

NameTitle
Tony GreenPresident
Jim McculloughVice President
Chance PrestageBoard Member
Clay HomanBoard Member
Cubby KirkseyBoard Member
David KelsoBoard Member
David PearceBoard Member
Deborah TierceBoard Member
Jamie OsbirnBoard Member
Luke MontgomeryBoard Member
Lynne HollowayBoard Member
Michael NanneyBoard Member
Payne ThorntonBoard Member
Romona EdgeBoard Member
Tim LongBoard Member
Tim WestonBoard Member
Tyler CampBoard Member
Vicki GrayBoard Member
Steven StaubSec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,886
Program Service Revenue
$0
Investment Income
$58
Other Revenue
$39,413
Change in Net Assets
$44,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$151,357
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,365
Total Revenue per Audited Statements
$160,722
Total Revenue per Form 990
$151,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$78,639
Other Expenses$27,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,658--$73,658
Advertising$12,092--$12,092
Occupancy$5,939--$5,939
Payroll Taxes$4,981--$4,981
Office Expenses-$3,119-$3,119
Insurance-$2,706-$2,706
Depreciation Depletion$2,308--$2,308
Fees for Services Accounting-$1,150-$1,150
Other Expenses-$190-$190
Interest-$91-$91
Total Functional Expenses$98,978$7,631$0$106,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$115,974
Expenses per Audited Statements$106,609
Total Expenses per Form 990$106,609
Expenses Not Reported on Form 990$9,365
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,025
Fundraising Direct Expenses$9,365
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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 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, Part VI, Section A, Line 8B

There are no subcommittees

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 was given to the board for review prior to filing

Form 990, Part VI, Section C, Line 19

The organization makes its public documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Itawamba County Development Council
EIN
64-0540169
Phone
6628624571
Address
PO BOX 577, FULTON, MS 38843

Signing Officer

Name
Vaunita Martin
Title
Executive Director
Phone
6628624571
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vaunita Martin
Formed
1953
Legal Domicile
Ms
Voting Board Members
19
Independent Board Members
19
Employees
3
Volunteers
150

Preparer

Firm
Franks Franks Wilemon & Hagood Pa
Address
PO BOX 731, TUPELO, MS 38802
Preparer
Bryon Wilemon
Phone
6628445226
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense netted against income

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event exp netted against income

Part XII, Line 2D

Fundraising event expenses are netted against the fundraiser event revenues. This results in a tax return difference and the adjustments

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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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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE ITAWAMBA COUNTY DEVELOPMENT COUNCIL IS TO IMPROVE AND ENHANCE THE QUALITY OF LIFE FOR ALL CITIZENS AND PROMOTE ORDERLY BUSINESS AND ECONOMIC DEVELOPMENT IN ITAWAMBA COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04179
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01697
IRS990/NetAssetsOrFundBalancesBOYAmt056651
IRS990/NetAssetsOrFundBalancesEOYAmt0101399
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01660
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01660
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05939
IRS990/OccupancyGrp/TotalAmt05939
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03119
IRS990/OfficeExpensesGrp/TotalAmt03119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1190
IRS990/OtherExpensesGrp/TotalAmt0375
IRS990/OtherExpensesGrp/TotalAmt1190
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/Desc1RENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt035593
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12160
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035593
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12160
IRS990/OtherRevenueTotalAmt037753
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt073658
IRS990/OtherSalariesAndWagesGrp/TotalAmt073658
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04981
IRS990/PayrollTaxesGrp/TotalAmt04981
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VAUNITA MARTIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt089395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt035285
IRS990/PYOtherRevenueAmt09341
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-454
IRS990/PYSalariesCompEmpBnftPaidAmt063920
IRS990/PYTotalExpensesAmt099205
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt098751
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt044748
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt037811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0111886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt099395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt093669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0597938
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0107
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt048778
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018322
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt029088
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt027934
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt039641
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0163763
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78490
IRS990ScheduleA/PublicSupportPY170Pct00.76350
IRS990ScheduleA/PublicSupportTotal170Amt0597938
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0111886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt099395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt093669
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0121872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171116
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0597938
IRS990ScheduleA/TotalSupportAmt0761808
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01730
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046132
IRS990ScheduleD/ExpensesNotReportedAmt09365
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0106609
IRS990ScheduleD/LandGrp/BookValueAmt06599
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06599
IRS990ScheduleD/OtherExpensesIncludedAmt09365
IRS990ScheduleD/OtherRevenueAmt09365
IRS990ScheduleD/RevenueNotReportedAmt09365
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0151357
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSE NETTED AGAINST INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXP NETTED AGAINST INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENT EXPENSES ARE NETTED AGAINST THE FUNDRAISER EVENT REVENUES. THIS RESULTS IN A TAX RETURN DIFFERENCE AND THE ADJUSTMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08329
IRS990ScheduleD/TotalExpensesPerForm990Amt0106609
IRS990ScheduleD/TotalRevenuePerForm990Amt0151357
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160722
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0115974
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO SUBCOMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS GIVEN TO THE BOARD FOR REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS PUBLIC DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt061797
IRS990/TotalAssetsEOYAmt0105033
IRS990/TotalAssetsGrp/BOYAmt061797
IRS990/TotalAssetsGrp/EOYAmt0105033
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111886
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07631
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt098978
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106609
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05146
IRS990/TotalLiabilitiesEOYAmt03634

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.28$0.16$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.45$0.44$0.16$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.15$0.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.16$0.13$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.14$0.12$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.14$0.14$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.15$0.11$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.06$0.10$0.10$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.06$0.10$0.09$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.13$0.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.02$0.18$0.20$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.04$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.01$1.17$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.01$1.25$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.01$1.28$0.23