Wilkinson County Industrial Development Authority
- Assets
- $6.8m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodville, MS
- Founding
- 10/1997
- Data as of
- 10/2020
- EIN
- 72-1341516
Organization Overview
Wilkinson County Industrial Development Authority is located in Woodville, MS. The organization was established in 1997. According to its NTEE Classification (I30) the organization is classified as: Correctional Facilities, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilkinson County Industrial Development Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Wilkinson County Industrial Development Authority generated $14.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $14.6m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE INDUSTRIAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE INDUSTRIAL DEVELOPMENT IN WILKINSON COUNTY, MS BY WHATEVER MEANS NECESSARY, INCLUDING BUT NOT LIMITED TO, THE DEVELOPMENT OF AN INDUSTRIAL PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Fisher President | Officer | 10 | $2,179 |
Marlin Reid Vice President | Officer | 2 | $480 |
Earl Dean Anthony Board Member | Trustee | 2 | $400 |
Louis Gaulden Board Member | Trustee | 2 | $200 |
Eric Gaines Board Member | Trustee | 2 | $120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Investment income | $0 |
| 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 | $14,826,459 |
| Statement of Expenses | |
|---|---|
| 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. | $3,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $565,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,627,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,220,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,426 |
| Total assets | $6,816,651 |
| Accounts payable and accrued expenses | $94,034 |
| 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 | $6,220,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,314,034 |
| 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 |
| Total liabilities and net assets/fund balances | $502,617 |
Grants Awarded
Over the last fiscal year, Wilkinson County Industrial Development Authority has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Woodville, MS PURPOSE: TO HELP THE CONSTRUCTION OF A RECREATIONAL PARK IN WILKINSON COUNTY, MS. | $0 |
Woodville, MS PURPOSE: FOR ECONOMIC DEVELOPMENT IN WOODVILLE, MS. | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilkinson County Industrial Development Authority Woodville, MS | $6,816,651 | $14,826,459 |
Marshall County Community Punishment & Corrections Authority Albertville, AL | $2,042,198 | $1,762,631 |
Franklin County Community Corrections Inc Russellville, AL | $683,760 | $314,012 |
A New Attitude Housing Inc Whites Creek, TN | $0 | $65,820 |
Christian Home Ministries Of Nashville Inc Brentwood, TN | $50,477 | $0 |