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Nonprofiteer
← GREENWOOD LEFLORE ECONOMIC DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by GREENWOOD LEFLORE ECONOMIC DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$473,568
Total expenses
$458,374
Contributions and grants received
$408,428
Grants paid
$0
Program service revenue
$3,341
Investment income
$22,579
Other revenue
$39,220
Total assets, end of year
$1,268,000
Total liabilities, end of year
$61,001
Net assets or fund balances, end of year
$1,206,999
Program services expenses (Part IX)
$356,750
Management and general expenses
$101,624
Fundraising expenses
$0
Program service expenses (Part III)
$356,750

Program services were 77.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $67,050

  • 1e · Government grants (contributions)

    $120,000

  • 1f · All other contributions, gifts and grants

    $221,378

  • 2a · Program service revenue: OTHER INCOME

    total $3,341 · related or exempt $3,341

  • 3 · Investment income

    total $22,579 · related or exempt $22,579

  • 6a · Gross rents

    real property $172,470

  • 6b · Less rental expenses

    real property $133,250

  • 6c · Rental income or loss

    real property $39,220

  • 6d · Net rental income or loss

    total $39,220 · related or exempt $39,220

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $254,218 · program services $232,101 · management and general $22,117

  • 12 · Advertising and promotion

    total $13,897 · management and general $13,897

  • 13 · Office expenses

    total $510 · management and general $510

  • 17 · Travel

    total $13,241 · management and general $13,241

  • 19 · Conferences, conventions and meetings

    total $11,019 · management and general $11,019

  • 24a · Other expenses: IN-KIND NON-CASH CONTRI

    total $110,037 · program services $110,037

  • 24b · Other expenses: IN-KIND NON-CASH CONTRI

    total $16,800 · management and general $16,800

  • 24c · Other expenses: SPONSORSHIPS AND OTHER

    total $14,612 · program services $14,612

  • 24d · Other expenses: AUTO EXPENSE

    total $7,381 · management and general $7,381

  • 24e · All other expenses

    total $16,659 · management and general $16,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $380,943 · end of year $119,407

  • 2 · Savings and temporary cash investments

    beginning of year $227,267 · end of year $106,975

  • 4 · Accounts receivable

    beginning of year $8,675 · end of year $19,575

  • 10a · Land, buildings and equipment: cost or other basis

    $1,719,551

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,023,770

  • 10c · Land, buildings and equipment, net

    beginning of year $622,348 · end of year $695,781

  • 12 · Investments: other securities

    end of year $326,262

  • 15 · Other assets

    beginning of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,625 · end of year $1,849

  • 23 · Secured mortgages and notes payable

    beginning of year $42,303 · end of year $31,743

  • 25 · Other liabilities

    beginning of year $0 · end of year $27,409

  • 27 · Net assets without donor restrictions

    beginning of year $1,191,805 · end of year $1,206,999

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • NOT APPLICABLE

    Expenses $356,750 · Revenue $65,140

  • NOT APPLICABLE

  • NOT APPLICABLE

  • NOT APPLICABLE

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Thomas Gregory

    EXECUTIVE DIRECTOR

    Total calculated
    $153,375
    From this org
    $0
    From related orgs
    $153,375
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $153,375 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,375 related

  • Jean Cadney

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John Stewart

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GREENWOOD LEFLORE CHAMBER OF COMMERCE

    MS

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202600429349301715

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