Tate County Economic Development Foundation Inc

Organization Overview

Tate County Economic Development Foundation Inc is located in Senatobia, MS. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tate County Economic Development Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tate County Economic 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 12/2021, Tate County Economic Development Foundation Inc generated $432.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $352.6k during the year ending 12/2021. While expenses have increased by 7.3% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVING ECONOMIC DEVELOPMENT OPPORTUNITIES FOR TATE COUNTY, MISSISSIPPI, THROUGH THE ADVANCEMENT OF COMMERICAL, INDUSTRIAL, AGRICULTURAL AND CIVIC INTERESTS OF THE COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES FOR TATE COUNTY, MISSISSIPPI.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Bouchillon
Treasurer
$0
Sybil Canon
President
$0
Thomas Givens
President El
$0
John Spencer
Vice Preside
$0
James B Herrin III
Executive Di
$0
Fred Archie
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$41,179
Fundraising events$0
Related organizations$0
Government grants $201,209
All other contributions, gifts, grants, and similar amounts not included above$71,223
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$313,611
Total Program Service Revenue$0
Investment income $849
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $27,900
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 $432,737

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