Tippah County Development Foundation Inc
- Assets
- $25.6m
- Revenue
- $244.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Ripley, MS
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 64-0716026
Organization Overview
Tippah County Development Foundation Inc is located in Ripley, MS. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tippah County Development Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tippah County 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 12/2021, Tippah County Development Foundation Inc generated $244.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $189.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF TIPPAH COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TCDF STRIVES TO BRING IN NEW COMMERCE TO TIPPAH COUNTY, MISSISSIPPI, BY SERVING EXISTING INDUSTRIES, RECRUITING NEW INDUSTRIES, AND ORGANIZING COMMUNITY AND ECONOMIC DEVELOPMENT EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lewellen Executive Di | Trustee | 40 | $84,800 |
Bob Glover Chairman Of | Trustee | $0 | |
Roger Childs Board Mem. | Trustee | $0 | |
Terry Abby Board Mem. | Trustee | $0 | |
Melissa Harrison Board Mem | Trustee | $0 | |
Amanda Liles Hill Board Mem. | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,949 |
| 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 | $149,991 |
| Total Program Service Revenue | $0 |
| Investment income | $480 |
| 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 | $244,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $84,800 |
| Compensation of current officers, directors, key employees. | $8,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,074 |
| Office expenses | $5,317 |
| Information technology | $1,363 |
| Royalties | $0 |
| Occupancy | $9,845 |
| Travel | $6,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,649 |
| Interest | $1,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,828 |
| Insurance | $1,798 |
| All other expenses | $0 |
| Total functional expenses | $189,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,906,725 |
| Savings and temporary cash investments | $67,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,325 |
| 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 | $0 |
| Net Land, buildings, and equipment | $530,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,092,500 |
| Total assets | $25,615,767 |
| Accounts payable and accrued expenses | $7,833 |
| 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 | $24,981,248 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,989,081 |
| Net assets without donor restrictions | $626,686 |
| 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 | $25,615,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
Golden Triangle Planning & Development District Inc Starkville, MS | $16,192,589 | $11,220,298 |
Neighborhood Preservation Inc Memphis, TN | $5,226,571 | $6,441,182 |
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Mid-Delta Community Services Inc Helena, AR | $2,889,498 | $10,056,138 |