Community Development Foundation

Organization Overview

Community Development Foundation is located in Tupelo, MS. The organization was established in 1950. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2022, Community Development Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Foundation 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 04/2022, Community Development Foundation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $5.3m during the year ending 04/2022. While expenses have increased by 3.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN THE TUPELO-LEE COUNTY REGION THROUGH ECONOMIC AND COMMUNITY DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLANNING AND PROPERTY MANAGEMENT PROGRAM AIMS TO EMPOWER AND RAISE THE STANDARD OF PUBLIC COMMUNICATION AND PARTNERSHIP FOR REGIONAL PROGRESS. THIS PROGRAM OF WORK AND ITS ELEMENTS IS CREATED TO ADDRESS THE LEE COUNTY NEEDS WHILE BROADENING THE REGIONS DEVELOPMENT EFFORTS.


THE LEE COUNTY CHAMBER OF COMMERCE ENHANCES COMMUNITY EDUCATION AND THE BUSINESS ENVIRONMENT IN LEE COUNTY.


THE ECONOMIC DEVELOPMENT/FUTURE FOCUS IS A MEANS TO BRING VIBRANT WORKFORCE AND TRAINING TO LEE COUNTY BY RECRUITMENT, RETENTION, AND WORKFORCE TRAINING OF EXISTING AND FUTURE INDUSTRIES.


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Board, Officers & Key Employees

Name (title)Compensation
David Rumbarger
President/ceo
$871,551
Shane Homan
COO
$288,901
Matt Mccarty
CFO
$269,336
Jon Milstead
VP Of Planning And Property Dev
$233,723
Judd Wilson
VP Of Chamber Of Commerce
$150,160
Shane Spees
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,005,860
Fundraising events$0
Related organizations$0
Government grants $1,401,150
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$2,407,010
Total Program Service Revenue$1,922,750
Investment income $5,154
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 $9,486,414

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Community Development Foundation has recieved totaling $5,150.

Awarding OrganizationAmount
North Mississippi Health Services Inc

Tupelo, MS

PURPOSE: See Part IV

$5,150
View Grant Recipient Profile

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