Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Mcnairy Economic Development Foundation
EIN 92-1163548 • 501(c)3 • Selmer, TN
Profile
The McNairy Economic Development Foundation exists to promote economic growth, job creation, and community revitalization in McNairy County, Tennessee. Its primary focus is supporting the redevelopment of downtown Selmer through infrastructure improvements, strategic partnerships, and small business support, including its work toward Main Street designation. The foundation also assists with planning, grant writing, and coordinating public-private efforts to enhance quality of life and long-term investment in the region.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$9,407
No earlier filing loaded for comparison.
Liabilities
$0
No earlier filing loaded for comparison.
Net Assets
$9,407
No earlier filing loaded for comparison.
Revenue
$71,005
No earlier filing loaded for comparison.
Expenses
$61,598
No earlier filing loaded for comparison.
Net Income
$9,407
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $9,407
- Liabilities
- $0
- Net assets
- $9,407
- Revenue
- $71,005
- Expenses
- $61,598
- Net income
- $9,407
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 2, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $71,005
Mission and Program Overview
Mission
The McNairy Economic Development Foundation exists to promote economic growth, job creation, and community revitalization in McNairy County, Tennessee. Its primary focus is supporting the redevelopment of downtown Selmer through infrastructure improvements, strategic partnerships, and small business support, including its work toward Main Street designation. The foundation also assists with planning, grant writing, and coordinating public-private efforts to enhance quality of life and long-term investment in the region.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| In 2024, the Foundation focused on downtown Selmer revitalization by initiating a partnership with planning firm Farmer Morgan. We secured funding, executed a contract, and began payments for a comprehensive redevelopment plan. While the Main Street designation application was not finalized, groundwork was laid through community engagement and strategic planning efforts. | $0 | $61,333 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Zach Congiardo | President | - | $0 | - | - |
| Maggie Moore Inman | Vice President | - | $0 | - | - |
| Braden Rickman | Secretary | - | $0 | - | - |
| John Bowers | Board Member | - | $0 | - | - |
| Brenda Cauley | Board Member | - | $0 | - | - |
| Linda Hamm | Board Member | - | $0 | - | - |
| Ed Huggins | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Mcnairy Economic Development Foundation
- EIN
- 92-1163548
- Phone
- 7314391335
- Address
- 154 W Court Avenue, Selmer, TN 38375
Signing Officer
- Name
- Zach Congiardo
- Title
- President
- Phone
- 7314391335
- Signed
- 2025-05-02
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8
“Bank Account Interest”
Form 990-EZ, Part V, Line 34
“In 2024, the McNairy Economic Development Foundation amended its governing documents to better reflect current organizational operations and clarify board member responsibilities. The changes were made to improve transparency, decision-making processes, and alignment with the Foundation's long-term strategic goals, particularly related to downtown redevelopment and community engagement.”
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | In 2024, the McNairy Economic Development Foundation amended its governing documents to better reflect current organizational operations and clarify board member responsibilities. The changes were made to improve transparency, decision-making processes, and alignment with the Foundation's long-term strategic goals, particularly related to downtown redevelopment and community engagement. |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/ReturnTs | 0 | 2025-05-02T18:42:33-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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