Jacksonville Development Corporation is located in Jacksonville, TX. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville Development Corporation 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 09/2021, Jacksonville Development Corporation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $980.7k 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, ASSIST, & ENHANCE ECON DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE ORGANIZATION ASSISTED IN RETAINING EXISTING INDUSTRIES WHICH PROVIDED JOBS FOR OUR RESIDENTS OF JACKSONVILLE. IT ALSO ATTRACTED NEW BUSINESSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darrell Dement Chairman | OfficerTrustee | 2 | $0 |
Robert Haberle Director | OfficerTrustee | 2 | $0 |
Nathan Jones Vice Chairman | OfficerTrustee | 2 | $0 |
Robert Cubb Treasurer | OfficerTrustee | 2 | $0 |
Chad Devillier Director | Trustee | 2 | $0 |
Loretta Doty Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $1,434,582 |
Investment income | $50,761 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $18,550 |
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 | $1,503,893 |
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. | $193,640 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $21,856 |
Other employee benefits | $0 |
Payroll taxes | $14,461 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,526 |
Fees for services: Accounting | $2,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $682 |
Office expenses | $11,201 |
Information technology | $9,772 |
Royalties | $0 |
Occupancy | $3,608 |
Travel | $78 |
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 | $30,946 |
Insurance | $16,657 |
All other expenses | $481,160 |
Total functional expenses | $980,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,837,008 |
Savings and temporary cash investments | $1,151,150 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $255,207 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $146,004 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,988,695 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,378,064 |
Accounts payable and accrued expenses | $154,605 |
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 | $0 |
Total liabilities | $154,605 |
Net assets without donor restrictions | $7,223,459 |
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 | $7,378,064 |
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