Rankin First Development Foundation Inc
- Assets
- $223.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brandon, MS
- Founding
- 02/1994
- Data as of
- 09/2023
- EIN
- 58-2077414
Organization Overview
Rankin First Development Foundation Inc is located in Brandon, MS. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rankin First 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 09/2023, Rankin First Development Foundation Inc generated $49.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $67.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT OF RANKIN COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Jones III Board Attorney | 1 | $0 | |
Freddie J Bagley At-Large Member | 1 | $0 | |
Randall White At-Large Member | 1 | $0 | |
Carolyn Boteler At-Large Member | 1 | $0 | |
Ryan Harper At-Large Member | 1 | $0 | |
Forrest Rhemann Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $34 |
| Total Revenue | $49,784 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,581 |
| Other expenses | $61,435 |
| Total expenses | $67,391 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,903 |
| Other assets | $0 |
| Total assets | $223,903 |
| Total liabilities | $0 |
| Net assets or fund balances | $223,903 |