Stone County Economic Development Partnership
- Assets
- $1.7m
- Revenue
- $656.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Wiggins, MS
- Founding
- 07/2001
- Data as of
- 09/2021
- 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 09/2021, 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 09/2021, Stone County Economic Development Partnership generated $656.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $765.7k during the year ending 09/2021. While expenses have increased by 13.5% per year over the past 6 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Rowell Director/employee | Trustee | 40 | $84,922 |
Danielle Jackson Director | Trustee | 1 | $0 |
John Hightower Director | Trustee | 1 | $0 |
Kevin W Holland Director | Trustee | 1 | $0 |
Jody Miles Director | Trustee | 1 | $0 |
Bobby Ghosal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,250 |
| Fundraising events | $39,005 |
| Related organizations | $0 |
| Government grants | $554,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $656,743 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| 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 | $656,874 |
| 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. | $84,922 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $34,083 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,731 |
| Fees for services: Accounting | $4,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $145,720 |
| Office expenses | $10,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,945 |
| Travel | $910 |
| 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 | $4,138 |
| Insurance | $47,625 |
| All other expenses | $0 |
| Total functional expenses | $765,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372 |
| Savings and temporary cash investments | $637,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,590 |
| 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 | $2,751 |
| Net Land, buildings, and equipment | $933,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,654,540 |
| Accounts payable and accrued expenses | $84,072 |
| 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 | $647,982 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $732,054 |
| 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 | $922,486 |
| Total liabilities and net assets/fund balances | $1,654,540 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stone County Economic Development Partnership has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS PURPOSE: ECONOMIC DEVELOPMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Radio Music License Committee Brentwood, TN | $1,028,521 | $6,574,625 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |