Civic Intelligence

Jackson County Economic Development Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0838516

Oct 01, 2017 to Sep 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.JCEDF.ORG

View Organization Page

PO Drawer 1558Pascagoula, MS 39568

(228) 769-6263

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.05x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$344,326

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

102%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$4,551,237

Up $1,377,456 (+43%) from 2017

Net Assets

Up

$4,411,033

Up $1,323,665 (+43%) from 2017

Liabilities

Up

$140,204

Up $53,791 (+62%) from 2017

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin91st percentile

Revenue

Up

$2,772,948

Up $1,398,232 (+102%) from 2017

Expenses

Up

$1,451,810

Up $144,271 (+11%) from 2017

Net Income

Up

$1,321,138

Up $1,253,961 (+1867%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,799,504Liabilities 2010: $174,213Net Assets 2010: $3,625,2912010Assets 2011: $3,069,047Liabilities 2011: $179,249Net Assets 2011: $2,889,7982011Assets 2012: $4,552,203Liabilities 2012: $164,675Net Assets 2012: $4,387,5282012Assets 2013: $4,395,082Liabilities 2013: $76,513Net Assets 2013: $4,318,5692013Assets 2014: $3,715,313Liabilities 2014: $70,625Net Assets 2014: $3,644,6882014Assets 2015: $3,471,688Liabilities 2015: $74,998Net Assets 2015: $3,396,6902015Assets 2016: $3,148,242Liabilities 2016: $117,786Net Assets 2016: $3,030,4562016Assets 2017: $3,173,781Liabilities 2017: $86,413Net Assets 2017: $3,087,3682017Assets 2018: $4,551,237Liabilities 2018: $140,204Net Assets 2018: $4,411,0332018Assets 2019: $4,458,426Liabilities 2019: $203,008Net Assets 2019: $4,255,4182019Assets 2020: $4,080,202Liabilities 2020: $99,720Net Assets 2020: $3,980,4822020Assets 2021: $3,810,649Liabilities 2021: $146,868Net Assets 2021: $3,663,7812021Assets 2022: $3,825,071Liabilities 2022: $671,073Net Assets 2022: $3,153,9982022Assets 2023: $4,179,183Liabilities 2023: $652,128Net Assets 2023: $3,527,0552023Assets 2024: $4,807,913Liabilities 2024: $1,235,424Net Assets 2024: $3,572,4892024

Highlighted filing

2018

Assets$4,551,237
Liabilities$140,204
Net Assets$4,411,033
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,168,2622010Expenses 2011: $1,277,7312011Expenses 2012: $1,374,7232012Revenue 2013: $1,157,407Expenses 2013: $1,293,324Net Income 2013: -$135,9172013Revenue 2014: $476,450Expenses 2014: $1,176,639Net Income 2014: -$700,1892014Revenue 2015: $1,119,545Expenses 2015: $1,397,104Net Income 2015: -$277,5592015Revenue 2016: $821,134Expenses 2016: $1,218,791Net Income 2016: -$397,6572016Revenue 2017: $1,374,716Expenses 2017: $1,307,539Net Income 2017: $67,1772017Revenue 2018: $2,772,948Expenses 2018: $1,451,810Net Income 2018: $1,321,1382018Revenue 2019: $1,531,999Expenses 2019: $1,676,705Net Income 2019: -$144,7062019Revenue 2020: $1,141,126Expenses 2020: $1,433,926Net Income 2020: -$292,8002020Revenue 2021: $1,167,595Expenses 2021: $1,479,591Net Income 2021: -$311,9962021Revenue 2022: $2,227,109Expenses 2022: $2,729,742Net Income 2022: -$502,6332022Revenue 2023: $2,216,334Expenses 2023: $1,843,277Net Income 2023: $373,0572023Revenue 2024: $2,067,099Expenses 2024: $2,021,665Net Income 2024: $45,4342024

Highlighted filing

2018

Revenue$2,772,948
Expenses$1,451,810
Net Income$1,321,138
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,775,376
Mission and Program Overview

Mission

Improving the economic development opportunities of jackson county, mississippi by unifying planning, economic & industrial development, and marketing activities in the county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,981,686$2,281,862▲ $300,176
Pledges and Grants Receivable$163,549$1,543,988▲ $1,380,439
Savings and Temporary Cash Investments$841,446$529,993▼ $311,453
Accounts Receivable$66,036$104,134▲ $38,098
Land, Buildings, and Equipment, Net$121,064$91,260▼ $29,804
Total Assets$3,173,781$4,551,237▲ $1,377,456
Liabilities
Other Liabilities$56,432$94,229▲ $37,797
Accounts Payable and Accrued Expenses$29,981$45,975▲ $15,994
Total Liabilities$86,413$140,204▲ $53,791
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,690,146$3,332,355▲ $1,642,209
Unrestricted Net Assets$1,397,222$1,078,678▼ $318,544
Total Net Assets Fund Balance$3,087,368$4,411,033▲ $1,323,665
Total Liabilities and Net Assets / Fund Balance$3,173,781$4,551,237▲ $1,377,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,936$217,002$248,938
Equipment$41,340$89,405$130,745
Leasehold Improvements$17,984$3,816$21,800
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
George FreelandCEOFT$311,159$33,167$344,326

Board Members and Trustees

NameTitle
Jim EstabrookChairman
Royce CumbestVice Chairma
Brian CucciasBoard Member
Chris CavoteBoard Member
Cynthia StrunkBoard Member
Dane MaxwellBoard Member
Den KnechtBoard Member
Greg WilliamsBoard Member
Mario KingBoard Member
Phil TorjesonBoard Member
Randy BosargeBoard Member
Shea DobsonBoard Member
Troy RossBoard Member
Wallace EasleyBoard Member
JERRY STPE'Past Charima
Greg CroninSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$2,768,620
Program Service Revenue
$0
Investment Income
$4,328
Other Revenue
$0
All Other Contributions
$2,122,814
Change in Net Assets
$1,321,138

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$30,000
Total Noncash Contributions1$30,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,772,948
Total Revenue per Audited Statements
$2,772,948
Total Revenue per Form 990
$2,772,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$751,007
Salaries, Compensation, and Employee Benefits$700,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$280,043$31,116-$311,159
Other Salaries and Wages$253,856$28,206-$282,062
Fees for Services Other$127,981--$127,981
Conferences and Meetings$109,072--$109,072
Advertising$84,981--$84,981
Office Expenses$49,652$12,413-$62,065
Other Employee Benefits$48,232$5,360-$53,592
Travel$43,466--$43,466
Depreciation Depletion$31,270$7,890-$39,160
Payroll Taxes$30,915$3,435-$34,350
Occupancy-$30,000-$30,000
Pension Plan Contributions$17,676$1,964-$19,640
Fees for Services Accounting$14,864$4,193-$19,057
Information Technology$13,964$3,491-$17,455
Insurance-$13,545-$13,545
Other Expenses$7,493--$7,493
All Other Expenses$6,991--$6,991
Fees for Services Legal$3,535$997-$4,532
Total Functional Expenses$1,309,200$142,610$0$1,451,810

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,451,810
Total Expenses per Form 990$1,451,810
Total Expenses per Audited Statements$1,449,283
Expenses Not Reported on Form 990$-2,527
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
Yes
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$54,229
Prepaid Income$40,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

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

“The return is reviewed by the finance committee”

Form 990, Page 6, Part VI, Line 15A

“Annually the executive committee meets to discuss and determine any changes to the employment agreement of the ceo. The executive committee consists of: chairman, vice chairman, previous chairman and secretary/treasurer of the board. This process includes but is not limited to; comparable compensation data for similarly qualified persons for the same type organization; input from foundation's attorney addressing any employment agreement issues; the discussion and final decisions are noted and documented in the executive committee files. All final deisions are then presented to the full board of directors for approval.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Jackson County Economic Development
EIN
64-0838516
Phone
2287696263
Address
PO DRAWER 1558, PASCAGOULA, MS 39568

Signing Officer

Name
George Freeland
Title
CEO
Phone
2288186120
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Freeland
Formed
1993
Legal Domicile
Ms
Voting Board Members
16
Independent Board Members
16
Employees
7

Preparer

Firm
Rebecca F Hennessey CPA
Address
PO BOX 808, OCEAN SPRINGS, MS 39566-0808
Preparer
Rebecca F Hennessey CPA
Phone
2288186120
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Compensated absences 0 compensated absences 2,527 total 2,527”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“COMPENSATED ABSENCES 0”

Schedule D, Page 4, Part XII, Line 2D

“Compensated absences -2,527”

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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/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST CHARIMA
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IRS990/MissionDesc0IMPROVING THE ECONOMIC DEVELOPMENT OPPORTUNITIES OF JACKSON COUNTY, MISSISSIPPI BY UNIFYING PLANNING, ECONOMIC & INDUSTRIAL DEVELOPMENT, AND MARKETING ACTIVITIES IN THE COUNTY.
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IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1COMMUNITY DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2PROSPECT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3GRANT EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt169500
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IRS990/PoliticalCampaignActyInd0true
IRS990/PrincipalOfficerNm0GEORGE FREELAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt01321138
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06756
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07479
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05785
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05943
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031509
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06756
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44610
IRS990ScheduleA/PublicSupportPY170Pct00.69260
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IRS990ScheduleA/SubstantialContributorsTotAmt02458060
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalSupportAmt04494667
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt047926
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt099406
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0205920
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0191703
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0397623
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt091643
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt052630
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt0144273
IRS990ScheduleC/CorrectionMadeInd0false
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IRS990ScheduleC/GrassrootsCeilingAmt0149109
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IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01217557
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0TO LOBBY BEFORE THE STATE & FEDERAL GOVERNMENT TO PURSE FUNDING & OTHER SUPPORT FOR THE FOUNDATION'S EFFORTS OF INFRASTRUCTURE PRIORITIES, FEDERAL AFFAIRS SUPPORTS, AND FLY-IN SUPPORT.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
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IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01309200
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt091643
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021800
IRS990ScheduleD/OtherExpensesIncludedAmt0-2527
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0217002
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0248938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID INCOME
IRS990ScheduleD/RevenueSubtotalAmt02772948
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COMPENSATED ABSENCES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COMPENSATED ABSENCES -2,527
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalLiabilityAmt094229
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,551,237
Liabilities
$140,204
Net assets
$4,411,033
Revenue
$2,772,948
Expenses
$1,451,810
Net income
$1,321,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.81$1.24$3.57$2.07$2.02$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.18$0.65$3.53$2.22$1.84$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.67$3.15$2.23$2.73$0.50
2021Detailed filing. Detailed filing data is available for this year.$3.81$0.15$3.66$1.17$1.48$0.31
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.10$3.98$1.14$1.43$0.29
2019Detailed filing. Detailed filing data is available for this year.$4.46$0.20$4.26$1.53$1.68$0.14
2018Detailed filing. Detailed filing data is available for this year.$4.55$0.14$4.41$2.77$1.45$1.32
2017Detailed filing. Detailed filing data is available for this year.$3.17$0.09$3.09$1.37$1.31$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.15$0.12$3.03$0.82$1.22$0.40
2015Detailed filing. Detailed filing data is available for this year.$3.47$0.07$3.40$1.12$1.40$0.28
2014Detailed filing. Detailed filing data is available for this year.$3.72$0.07$3.64$0.48$1.18$0.70
2013Summary only. Only limited summary data is available for this year.$4.40$0.08$4.32$1.16$1.29$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.16$4.39$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.18$2.89$1.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.17$3.63$1.17