Civic Intelligence

Cleveland Development Foundation

990EZ • Fiscal year 2023 • EIN 81-3057830

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

101 S Bayou AveCleveland, MS 38732

(662) 843-2712

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

223%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

38%

Faster revenue growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$25,808

Up $17,812 (+223%) from 2022

Net Assets

Up

$25,808

Up $17,812 (+223%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$104,886

Up $28,896 (+38%) from 2022

Expenses

Down

$87,074

Down $8,672 (-9.1%) from 2022

Net Income

Up

$17,812

Up $37,568 (+190%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $93,355Liabilities 2017: $0Net Assets 2017: $93,3552017Assets 2018: $148,879Liabilities 2018: $0Net Assets 2018: $148,8792018Assets 2019: $127,924Liabilities 2019: $0Net Assets 2019: $127,9242019Assets 2020: $42,734Liabilities 2020: $0Net Assets 2020: $42,7342020Assets 2021: $55,843Liabilities 2021: $0Net Assets 2021: $55,8432021Assets 2022: $7,996Liabilities 2022: $0Net Assets 2022: $7,9962022Assets 2023: $25,808Liabilities 2023: $0Net Assets 2023: $25,8082023Assets 2024: $532,437Liabilities 2024: $179Net Assets 2024: $532,2582024

Highlighted filing

2023

Assets$25,808
Liabilities$0
Net Assets$25,808

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $145,586Expenses 2017: $56,381Net Income 2017: $89,2052017Revenue 2018: $177,258Expenses 2018: $121,734Net Income 2018: $55,5242018Revenue 2019: $73,297Expenses 2019: $94,252Net Income 2019: -$20,9552019Revenue 2020: $22,543Expenses 2020: $107,733Net Income 2020: -$85,1902020Revenue 2021: $81,709Expenses 2021: $68,600Net Income 2021: $13,1092021Revenue 2022: $75,990Expenses 2022: $95,746Net Income 2022: -$19,7562022Revenue 2023: $104,886Expenses 2023: $87,074Net Income 2023: $17,8122023Revenue 2024: $547,399Expenses 2024: $40,949Net Income 2024: $506,4502024

Highlighted filing

2023

Revenue$104,886
Expenses$87,074
Net Income$17,812
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$104,886
Mission and Program Overview

Mission

The Cleveland Development Foundation was organized in October 2014 for the purpose of enhancing the city of Cleveland Mississippi in quality-of-life issues. In prior years cities and counties often received grants and contributions from individual or private companies for various reasons. In recent years most private industries and/or entities have discontinued making gifts to cities but would rather make their contributions or grant awards to nonprofit organizations. As such Cleveland Development Foundation was organized in an effort to secure these funding opportunities that have been lost in recent years.

Program Services

DescriptionGrantsExpenses
The Cleveland Development Foundation was organized in October 2014 for the purpose of enhancing the city of Cleveland Mississippi in quality-of-life issues. In prior years cities and counties often received grants and contributions from individual or private companies for various reasons. In recent years most private industries and/or entities have discontinued making gifts to cities but would rather make their contributions or grant awards to nonprofit organizations. As such Cleveland Development Foundation was organized in an effort to secure these funding opportunities that have been lost in recent years.-$85,534
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark HargettSecretary-$0--
CHERYL COMANSPresident-$0--
Filing and Contact Details

Filer

Filer Name
Cleveland Development Foundation Inc
EIN
81-3057830
Phone
6628432712
Address
101 S Bayou Ave, Cleveland, MS 38732

Signing Officer

Name
Cheryl Comans
Title
President
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Gainspoletti & Associates CPA LLC
Address
805 West Sunflower Ave, Cleveland, MS 38732
Preparer
Jennifer B Armstrong CPA
Phone
6628436090
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $600

Other Expenses.1012

Insurance $800

Other Expenses.1

Christmas decorations & displa $46225

Other Expenses.2

CPD EQUIPMENT $29133

Other Expenses.3

PLAYGROUND $5900

Other Expenses.4

SONGWRITER FEST $3960

Other Expenses.5

FLAGS $316

Other Expenses.6

SOS FILING $80

Other Expenses.7

BANK CHARGES $60

Other Assets.1005

Accounts Receivable - Beginning $639 Accounts Receivable - Ending $2554

Raw XML Appendix149 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $800
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BANK CHARGES $60
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings