Meigs County-Decatur Economic Development Corp
- Assets
- $184.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, TN
- Founding
- 12/2010
- Data as of
- 12/2020
- EIN
- 61-1585762
Organization Overview
Meigs County-Decatur Economic Development Corp is located in Decatur, TN. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meigs County-Decatur Economic Development Corp 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 12/2020, Meigs County-Decatur Economic Development Corp generated $8.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (67.2%) each year. All expenses for the organization totaled $3.3k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE MEIGS COUNTY-DECATUR ECONOMIC DEVELOPMENT CORPORATION IS COMMITTED TO PROMOTING DEVELOPMENT SITES FOR NEW BUSINESSES AND INDUSTRIES IN MEIGS COUNTY, AND TO SUPPORT AND RETAIN EXISTING BUSINESSES AND INDUSTRIES WITHIN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Holmes Vice Chairma | 0 | $0 | |
Gene Wade Treasurer | 0 | $0 | |
Bill James-Meigs County Mayor Ex-Officio D | 0 | $0 | |
J Gid Redmond Chairman | 0 | $0 | |
Jeremy Bivens-City Of Decatur Mayor Ex-Officio D | 0 | $0 | |
Dean Henry Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,290 |
| Total expenses | $3,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,083 |
| Other assets | $0 |
| Total assets | $184,424 |
| Total liabilities | $0 |
| Net assets or fund balances | $184,424 |
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