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Nonprofiteer
← GREENWOOD LEFLORE ECONOMIC DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by GREENWOOD LEFLORE ECONOMIC DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$241,833
Total expenses
$249,035
Contributions and grants received
$146,468
Grants paid
$0
Program service revenue
$20,980
Investment income
$50
Other revenue
$74,335
Total assets, end of year
$1,149,229
Total liabilities, end of year
$12,340
Net assets or fund balances, end of year
$1,136,889
Program services expenses (Part IX)
$196,311
Management and general expenses
$45,720
Fundraising expenses
$7,004
Program service expenses (Part III)
$196,311

Program services were 78.8% 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.

  • 1f · All other contributions, gifts and grants

    $146,468

  • 1g · Noncash contributions included above

    $146,468

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $20,980 · related or exempt $20,980

  • 3 · Investment income

    total $50 · excluded $50

  • 6a · Gross rents

    real property $165,000

  • 6b · Less rental expenses

    real property $90,665

  • 6c · Rental income or loss

    real property $74,335

  • 6d · Net rental income or loss

    total $74,335 · related or exempt $74,335

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $12,935 · management and general $12,935

  • 12 · Advertising and promotion

    total $1,872 · management and general $1,872

  • 13 · Office expenses

    total $2,611 · management and general $2,611

  • 19 · Conferences, conventions and meetings

    total $6,896 · management and general $6,896

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

    total $133,507 · program services $120,157 · management and general $6,675 · fundraising $6,675

  • 24b · Other expenses: TRAINING DEVELOPMENT &

    total $44,030 · program services $44,030

  • 24c · Other expenses: CONTRACT WORK BY E.D.

    total $25,194 · program services $25,194

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

    total $12,960 · management and general $12,960

  • 24e · All other expenses

    total $9,030 · program services $6,930 · management and general $1,771 · fundraising $329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $502,367 · end of year $539,655

  • 4 · Accounts receivable

    end of year $1,400

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

    $1,558,587

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

    $950,413

  • 10c · Land, buildings and equipment, net

    beginning of year $641,724 · end of year $608,174

  • 17 · Accounts payable and accrued expenses

    end of year $12,340

  • 27 · Net assets without donor restrictions

    beginning of year $1,144,091 · end of year $1,136,889

Mission and programs · 2022

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 $196,311

  • NOT APPLICABLE

  • NOT APPLICABLE

  • NOT APPLICABLE

As filed on the 2022 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
    $0
    Hours/week
    1

  • 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.

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
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202400439349301700

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