Civic Intelligence

Prentiss County Development Association Inc

990 • Fiscal year 2021 • EIN 64-0594867

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 10, 2022

P O Box 672Booneville, MS 38829

(662) 728-3505

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

38th percentile

0.03x

Higher debt load relative to revenue than 38% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

46th percentile

9.1%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

29th percentile

3.0%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

22%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$706,839

Up $20,815 (+3.0%) from 2020

Net Assets

Up

$701,357

Up $19,161 (+2.8%) from 2020

Liabilities

Up

$5,482

Up $1,654 (+43%) from 2020

Revenue

Up

$210,645

Up $37,460 (+22%) from 2020

Expenses

Down

$191,483

Down $123,955 (-39%) from 2020

Net Income

Up

$19,162

Up $161,415 (+113%) from 2020

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 2011: $843,967Liabilities 2011: $3,475Net Assets 2011: $840,4922011Assets 2012: $851,208Liabilities 2012: $3,707Net Assets 2012: $847,5012012Assets 2013: $854,437Liabilities 2013: $2,961Net Assets 2013: $851,4762013Assets 2014: $869,939Liabilities 2014: $5,797Net Assets 2014: $864,1422014Assets 2015: $1,027,984Liabilities 2015: $5,894Net Assets 2015: $1,022,0902015Assets 2016: $860,317Liabilities 2016: $6,440Net Assets 2016: $853,8772016Assets 2017: $840,236Liabilities 2017: $4,214Net Assets 2017: $836,0222017Assets 2018: $840,846Liabilities 2018: $9,488Net Assets 2018: $831,3582018Assets 2019: $828,014Liabilities 2019: $3,565Net Assets 2019: $824,4492019Assets 2020: $686,024Liabilities 2020: $3,828Net Assets 2020: $682,1962020Assets 2021: $706,839Liabilities 2021: $5,482Net Assets 2021: $701,3572021Assets 2022: $732,661Liabilities 2022: $4,482Net Assets 2022: $728,1792022Assets 2023: $701,870Liabilities 2023: $3,975Net Assets 2023: $697,8952023Assets 2024: $639,837Liabilities 2024: $4,287Net Assets 2024: $635,5502024Assets 2025: $607,618Liabilities 2025: $3,406Net Assets 2025: $604,2122025

Highlighted filing

2021

Assets$706,839
Liabilities$5,482
Net Assets$701,357

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $144,928Expenses 2011: $176,584Net Income 2011: -$31,6562011Revenue 2012: $155,126Expenses 2012: $167,651Net Income 2012: -$12,5252012Revenue 2013: $164,790Expenses 2013: $163,688Net Income 2013: $1,1022013Revenue 2014: $168,809Expenses 2014: $154,607Net Income 2014: $14,2022014Revenue 2015: $316,902Expenses 2015: $158,814Net Income 2015: $158,0882015Revenue 2016: $170,285Expenses 2016: $164,706Net Income 2016: $5,5792016Revenue 2017: $172,969Expenses 2017: $191,396Net Income 2017: -$18,4272017Revenue 2018: $182,875Expenses 2018: $196,290Net Income 2018: -$13,4152018Revenue 2019: $180,660Expenses 2019: $187,569Net Income 2019: -$6,9092019Revenue 2020: $173,185Expenses 2020: $315,438Net Income 2020: -$142,2532020Revenue 2021: $210,645Expenses 2021: $191,483Net Income 2021: $19,1622021Revenue 2022: $232,598Expenses 2022: $205,777Net Income 2022: $26,8212022Revenue 2023: $203,411Expenses 2023: $233,604Net Income 2023: -$30,1932023Revenue 2024: $169,846Expenses 2024: $232,191Net Income 2024: -$62,3452024Revenue 2025: $211,968Expenses 2025: $230,052Net Income 2025: -$18,0842025

Highlighted filing

2021

Revenue$210,645
Expenses$191,483
Net Income$19,162
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 10, 2022
Return Version
2020v4.1
Gross Receipts
$210,645
Mission and Program Overview

Mission

Promotion of industrial growth for prentiss county

Promote industrial growth prentiss county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$620,607$616,159▼ $4,448
Land, Buildings, and Equipment, Net$53,053$51,708▼ $1,345
Cash and Non-Interest-Bearing Accounts$6,015$36,062▲ $30,047
Prepaid Expenses and Deferred Charges$1,657$1,657→ $0
Accounts Receivable$4,692$1,253▼ $3,439
Total Assets$686,024$706,839▲ $20,815
Liabilities
Other Liabilities$2,829$2,806▼ $23
Accounts Payable and Accrued Expenses$999$2,676▲ $1,677
Total Liabilities$3,828$5,482▲ $1,654
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$682,196$701,357▲ $19,161
Total Net Assets Fund Balance$682,196$701,357▲ $19,161
Total Liabilities and Net Assets / Fund Balance$686,024$706,839▲ $20,815

Asset Categories

AssetBook ValueDepreciationBasis
Land$41,830-$41,830
Equipment$883$21,368$22,251
Leasehold Improvements$8,995$3,884$12,879
Compensation and Service Providers

Board Members and Trustees

NameTitle
John FloydPresident
Graid Ellis SasserVice President
Tate Hill1st District Rep
Bill Caver2nd District Rep
Mike Carpenter3rd District Rep
Jobie Lindsey4th District Rep
Christy Schell5th District Rep
Judy RameySecretary
Billy MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$160,803
Program Service Revenue
$0
Investment Income
$3,116
Other Revenue
$46,726
Change in Net Assets
$19,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$210,646
Total Revenue per Audited Statements
$210,646
Total Revenue per Form 990
$210,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,487
Other Expenses$42,444
Grants and Similar Amounts Paid$3,552
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$102,935--$102,935
Other Employee Benefits$29,618--$29,618
Occupancy$18,000--$18,000
Payroll Taxes$7,877--$7,877
Other Expenses$7,157--$7,157
Conferences and Meetings$5,219--$5,219
Pension Plan Contributions$5,057--$5,057
Office Expenses$3,790--$3,790
Grants to Domestic Orgs$3,552--$3,552
Advertising$2,540--$2,540
Insurance-$1,751-$1,751
Depreciation Depletion$1,345--$1,345
Fees for Services Accounting-$1,251-$1,251
Interest$13--$13
Total Functional Expenses$188,481$3,002$0$191,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$191,484
Total Expenses per Audited Statements$191,484
Total Expenses per Form 990$191,484
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Taxes Payable$2,806
Governance and Compliance

Governance Checklist

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

Governance Explanations

PART VI LINE 6 & 7A - THE ASSOCIATION COLLECTS VOLUNTARY ANNUAL DUES FROM

Businesses & individuals in prentiss county & each member is entitled toone vote for directors.

PART VI LINE 11A - THE ASSOCIATION MAINTAINS A COPY OF FORM 990 IN THE

Office & it is available to members to review upon request. The executivecommittee reviews the form 990 prior to mailing to the internal revenueservice.

PART VI LINE 19 - THE ASSOCIATION'S ANNUAL AUDITED FINANCIAL STATEMENTS

Are maintained in the office & is available to the public upon request.schedule d part xiii - management has concluded that any tax positionsthat would not meet the more-likely-than-not criterion of fasb asc 740-10would be immaterial to the financial statements taken as a whole.accordingly, the accompanying financial statements do not include anyprovision for uncertain tax positions, and no related interest orpenalties have been recorded in the statement of activities or accrued inthe statement of financial position. Federal and state tax returns of theassociation are generally open to examination by the relevant taxingauthorities for a period of three years from the date the returns arefiled.

Part VIII Line 11C Misc Revenue Includes the Proceeds From the Paycheck

Protection plan loan of $27,966 and $760 for expenses reconized in the prior year recorded in error.

Filing and Contact Details

Filer

Filer Name
Prentiss County Development Association
EIN
64-0594867
Phone
6627283505
Address
P O BOX 672, BOONEVILLE, MS 38829

Signing Officer

Name
Leon Hayes
Title
Executive Director
Phone
6627283505
Signed
2022-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leon Hays
Formed
1977
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Jones and Jones CPA of Boon Pa
Address
201 W MARKET ST P O BOX 250, BOONEVILLE, MS 38829
Preparer
Jeremy D Jones CPA
Phone
6627286235
Supplemental Narrative

Additional Explanations

Part XI & XII - the Annual Audit Has Not Been Completed Yet, So This

Section has not been reconciled.

Financial Statement Notes

Part XI, Line 2D Description

SEE SCHEDULE O

Part XII, Line 2D Description

See schedule o supplement

Raw XML Appendix377 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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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0883
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021368
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022251
IRS990ScheduleD/ExpensesSubtotalAmt0191484
IRS990ScheduleD/LandGrp/BookValueAmt041830
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041830
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08995
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03884
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0210646
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEE SCHEDULE O
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SEE SCHEDULE O SUPPLEMENT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d Description
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d Description
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IRS990ScheduleD/TotalExpensesPerForm990Amt0191484
IRS990ScheduleD/TotalLiabilityAmt02806
IRS990ScheduleD/TotalRevenuePerForm990Amt0210646
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESSES & INDIVIDUALS IN PRENTISS COUNTY & EACH MEMBER IS ENTITLED TOONE VOTE FOR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE & IT IS AVAILABLE TO MEMBERS TO REVIEW UPON REQUEST. THE EXECUTIVECOMMITTEE REVIEWS THE FORM 990 PRIOR TO MAILING TO THE INTERNAL REVENUESERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ARE MAINTAINED IN THE OFFICE & IS AVAILABLE TO THE PUBLIC UPON REQUEST.SCHEDULE D PART XIII - MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONSTHAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC 740-10WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE.ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANYPROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST ORPENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED INTHE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THEASSOCIATION ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXINGAUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS AREFILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SECTION HAS NOT BEEN RECONCILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROTECTION PLAN LOAN OF $27,966 AND $760 FOR EXPENSES RECONIZED IN THE PRIOR YEAR RECORDED IN ERROR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI LINE 6 & 7a - THE ASSOCIATION COLLECTS VOLUNTARY ANNUAL DUES FROM
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI LINE 11a - THE ASSOCIATION MAINTAINS A COPY OF FORM 990 IN THE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI LINE 19 - THE ASSOCIATION'S ANNUAL AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI & XII - THE ANNUAL AUDIT HAS NOT BEEN COMPLETED YET, SO THIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VIII LINE 11C MISC REVENUE INCLUDES THE PROCEEDS FROM THE PAYCHECK
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188481
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191483
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03828
IRS990/TotalLiabilitiesEOYAmt05482
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0682196
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0701357
IRS990/TotalProgramServiceExpensesAmt0191484
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049842
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210645
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEON HAYES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06627283505
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRENTISS COUNTY DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PREN
ReturnHeader/Filer/EIN0640594867
ReturnHeader/Filer/PhoneNum06627283505
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 672
ReturnHeader/Filer/USAddress/CityNm0BOONEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038829
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640685009
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES AND JONES CPA OF BOON PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 W MARKET ST P O BOX 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOONEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038829
ReturnHeader/PreparerPersonGrp/PhoneNum06627286235
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY D JONES CPA
ReturnHeader/ReturnTs02022-02-13T00:34:20Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAYES
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.60$0.21$0.23$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.17$0.23$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.20$0.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.23$0.21$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.21$0.19$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.68$0.17$0.32$0.14
2019Summary only. Only limited summary data is available for this year.$0.83$0.00$0.82$0.18$0.19$0.01
2018Summary only. Only limited summary data is available for this year.$0.84$0.01$0.83$0.18$0.20$0.01
2017Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.17$0.19$0.02
2016Summary only. Only limited summary data is available for this year.$0.86$0.01$0.85$0.17$0.16$0.01
2015Summary only. Only limited summary data is available for this year.$1.03$0.01$1.02$0.32$0.16$0.16
2014Summary only. Only limited summary data is available for this year.$0.87$0.01$0.86$0.17$0.15$0.01
2013Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.16$0.16$0.00
2012Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.16$0.17$0.01
2011Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.14$0.18$0.03