Rankin First Development Foundation Inc
- Assets
- $241.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brandon, MS
- Founding
- 02/1994
- Data as of
- 09/2022
- EIN
- 58-2077414
Organization Overview
Rankin First Development Foundation Inc is located in Brandon, MS. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rankin First Development Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Rankin First Development Foundation Inc generated $54.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $46.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT OF RANKIN COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freddie J Bagley At-Large Member | 1 | $0 | |
Randall White At-Large Member | 1 | $0 | |
Tom Troxler Executive Director | 10 | $0 | |
Forrest Rhemann Member | 1 | $0 | |
Mike Ainsworth Member | 1 | $0 | |
Irl Dean Rhodes Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $54,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $975 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $600 |
| Other expenses | $44,439 |
| Total expenses | $46,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241,510 |
| Other assets | $0 |
| Total assets | $241,510 |
| Total liabilities | $0 |
| Net assets or fund balances | $241,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |
Huey And Angelina Wilson Foundation Baton Rouge, LA | $180,086,901 | $15,078,122 |
Ayers Foundation Parsons, TN | $11,206,154 | $10,940,393 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |