Prentiss County Development Association Inc
- Assets
- $706.8k
- Revenue
- $210.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Booneville, MS
- Founding
- 05/1977
- Data as of
- 09/2021
- EIN
- 64-0594867
Organization Overview
Prentiss County Development Association Inc is located in Booneville, MS. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Prentiss County Development Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prentiss County Development Association 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 09/2021, Prentiss County Development Association Inc generated $210.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $191.5k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INDUSTRIAL GROWTH PRENTISS COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INDUSTRIAL GROWTH PRENTISS COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Floyd President | OfficerTrustee | 5 | $0 |
Graid Ellis Sasser Vice President | OfficerTrustee | 5 | $0 |
Judy Ramey Secretary | OfficerTrustee | 5 | $0 |
Billy Martin Treasurer | OfficerTrustee | 5 | $0 |
Jobie Lindsey 4th District Rep | Trustee | 5 | $0 |
Mike Carpenter 3rd District Rep | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,753 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,803 |
| Total Program Service Revenue | $0 |
| Investment income | $3,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,552 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,935 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,057 |
| Other employee benefits | $29,618 |
| Payroll taxes | $7,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,540 |
| Office expenses | $3,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,219 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,345 |
| Insurance | $1,751 |
| All other expenses | $0 |
| Total functional expenses | $191,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,062 |
| Savings and temporary cash investments | $616,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,657 |
| Net Land, buildings, and equipment | $51,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,839 |
| Accounts payable and accrued expenses | $2,676 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,806 |
| Total liabilities | $5,482 |
| Net assets without donor restrictions | $701,357 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $706,839 |
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