Stone County Economic Development Partnership
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Wiggins, MS
- Founding
- 07/2001
- Data as of
- 09/2023
- EIN
- 64-0926297
Organization Overview
Stone County Economic Development Partnership is located in Wiggins, MS. The organization was established in 2001. 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 09/2023, Stone County Economic Development Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone County Economic Development Partnership 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 09/2023, Stone County Economic Development Partnership generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $633.0k during the year ending 09/2023. While expenses have increased by 10.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, PROMOTE AND/OR EXPAND EXISTING BUSINESSES & INDUSTRIES IN STONE COUNTY, PROMOTE TOURISM AND TO ASSIST AND SUPPORT DEVELOPMENT OF INFRASTRUTURE AND COMMUNITY SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hightower Director | Trustee | 1 | $0 |
Danielle Jackson Director | Trustee | 1 | $0 |
Kevin W Holland Director | Trustee | 1 | $0 |
Kreg Overstreet Director | Trustee | 1 | $0 |
Jody Miles Director | Trustee | 1 | $0 |
Raven James Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,056 |
| Fundraising events | $31,690 |
| Related organizations | $0 |
| Government grants | $970,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,073,190 |
| Total Program Service Revenue | $0 |
| Investment income | $210 |
| 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 | $1,073,400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $88,222 |
| Other salaries and wages | $90,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,331 |
| Fees for services: Accounting | $4,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,661 |
| Office expenses | $17,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,094 |
| Travel | $1,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $773 |
| Insurance | $138,022 |
| All other expenses | $0 |
| Total functional expenses | $633,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905 |
| Savings and temporary cash investments | $1,122,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,302 |
| 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 | $2,752 |
| Net Land, buildings, and equipment | $933,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,146,147 |
| Accounts payable and accrued expenses | $20,970 |
| 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 | $585,619 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $606,589 |
| Net assets without donor restrictions | $0 |
| 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 | $1,539,558 |
| Total liabilities and net assets/fund balances | $2,146,147 |