Cleveland Development Foundation
- Assets
- $55.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, MS
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3057830
Organization Overview
Cleveland Development Foundation is located in Cleveland, MS. The organization was established in 2016. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cleveland Development Foundation 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 12/2021, Cleveland Development Foundation generated $81.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $68.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE CLEVELAND DEVELOPMENT FOUNDATION WAS ORGANIZED IN OCTOBER 2014 FOR THE PURPOSE OF ENHANCING THE CITY OF CLEVELAND MISSISSIPPI IN QUALITY-OF-LIFE ISSUES. IN PRIOR YEARS CITIES AND COUNTIES OFTEN RECEIVED GRANTS AND CONTRIBUTIONS FROM INDIVIDUAL OR PRIVATE COMPANIES FOR VARIOUS REASONS. IN RECENT YEARS MOST PRIVATE INDUSTRIES AND/OR ENTITIES HAVE DISCONTINUED MAKING GIFTS TO CITIES BUT WOULD RATHER MAKE THEIR CONTRIBUTIONS OR GRANT AWARDS TO NONPROFIT ORGANIZATIONS. AS SUCH CLEVELAND DEVELOPMENT FOUNDATION WAS ORGANIZED IN AN EFFORT TO SECURE THESE FUNDING OPPORTUNITIES THAT HAVE BEEN LOST IN RECENT YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Moorman Vice President | 1 | $0 | |
Lisa Cooley President | 1 | $0 | |
Mark Hargett Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,709 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,709 |
| 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 | $68,600 |
| Total expenses | $68,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,263 |
| Other assets | $0 |
| Total assets | $55,843 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lift Inc Tupelo, MS | $308,777 | $4,064,003 |
Memphis Land Bank Inc Memphis, TN | $18,817,383 | $908,597 |
Opportunity Alabama Inc Birmingham, AL | $476,898 | $802,784 |
Mid-South Resource Conservation And Development Council Inc Montgomery, AL | $756,293 | $878,672 |
Six Bridges Capital Corporation Little Rock, AR | $166,266 | $359,401 |
Arkansas Independent Producers And Royalty Owners Association Inc Little Rock, AR | $370,547 | $208,976 |
Downtown Kingsport Association Inc Kingsport, TN | $120,764 | $158,092 |
Hoover Helps Hoover, AL | $125,587 | $165,616 |
Kitty Degree Foundation West Monroe, LA | $1,982,835 | $125,299 |
Oak Ridge Rotary Community Fund Oak Ridge, TN | $26,782 | $13,113 |
Arkansas Fund Little Rock, AR | $619 | $0 |
Community Development Foundation Of Jones County Inc Laurel, MS | $55,872 | $0 |