Greater Greenville Development Foundation Inc
- Assets
- $1.1m
- Revenue
- $131.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, MS
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 64-0864843
Organization Overview
Greater Greenville Development Foundation Inc is located in Greenville, MS. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Greater Greenville Development Foundation Inc 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 12/2022, Greater Greenville Development Foundation Inc generated $131.5k 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 (7.6%) each year. All expenses for the organization totaled $110.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF THE GREATER GREENVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND PROMOTE THE DEVELOPMENT OF THE GREATER GREENVILLE AREA BY PROVIDING AND PROMOTING EVENTS AND FESTIVALS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Street Vice President | Officer | 0 | $0 |
Doug Wade President | Officer | 0 | $0 |
April Robertson Secretary | Officer | 0 | $0 |
Judy Long Treasurer | Officer | 0 | $0 |
George King Director | Trustee | 0 | $0 |
Greg Jackson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,398 |
| Total Program Service Revenue | $2,731 |
| Investment income | $127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,489 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,271 |
| Payroll taxes | $4,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,658 |
| Office expenses | $5,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,397 |
| All other expenses | $0 |
| Total functional expenses | $110,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $961,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,599 |
| Accounts payable and accrued expenses | $7,544 |
| 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 | $700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $313,553 |
| Total liabilities | $1,021,097 |
| Net assets without donor restrictions | $67,502 |
| 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 | $1,088,599 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Greenville Development Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Jay Stein Foundation Trust Jacksonville, FL PURPOSE: DEDICATED TO THE PRESERVATION AND ECONOMIC REDEVELOPMENT OF DOWNTOWN GREENVILLE, MISSISSIPPI. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Jackson County Economic Development Foundation Inc Pascagoula, MS | $3,810,649 | $1,167,595 |
Binghampton Development Corporation Memphis, TN | $12,365,463 | $1,404,895 |
Harvest Hands Community Development Corporation Nashville, TN | $4,493,489 | $1,609,157 |
Nashville Civic Design Center Nashville, TN | $1,031,017 | $1,393,666 |
North Delta Regional Planning And Development District Inc Monroe, LA | $2,329,154 | $1,514,261 |
The Development Corporation Of Knox County Tennessee Knoxville, TN | $44,277,793 | $1,290,575 |
Midcity Accelerator Foundation Inc Huntsville, AL | $0 | $640,000 |
Huntsville Steam Works Huntsville, AL | $244,370 | $677,972 |