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← MONROEVILLE MONROE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

Form 990 for tax year 2024

Filed by MONROEVILLE MONROE COUNTY ECONOMIC DEVELOPMENT AUTHORITY.

Totals

Total revenue
$241,333
Total expenses
$124,100
Contributions and grants received
$223,433
Grants paid
$0
Program service revenue
$0
Investment income
$17,900
Other revenue
$0
Total assets, end of year
$726,753
Total liabilities, end of year
$4,506
Net assets or fund balances, end of year
$722,247
Program services expenses (Part IX)
$117,579
Management and general expenses
$6,521
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 94.7% 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.

  • 1e · Government grants (contributions)

    $156,000

  • 1f · All other contributions, gifts and grants

    $67,433

  • 3 · Investment income

    total $17,900 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $76,981 · program services $76,981 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $6,521 · program services $0 · management and general $6,521 · fundraising $0

  • 12 · Advertising and promotion

    total $5,621 · program services $5,621 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,602 · program services $2,602 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $4,129 · program services $4,129 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,170 · program services $6,170 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,668 · program services $2,668 · management and general $0 · fundraising $0

  • 24a · Other expenses: DUES

    total $1,054 · program services $1,054 · management and general $0 · fundraising $0

  • 24b · Other expenses: POSTAGE

    total $73 · program services $73 · management and general $0 · fundraising $0

  • 24c · Other expenses: ECONOMIC DEVELOPEMNT

    total $8,039 · program services $8,039 · management and general $0 · fundraising $0

  • 24d · Other expenses: PROFESSIONAL SERVICES

    total $7,910 · program services $7,910 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,332 · program services $2,332 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $363,134 · end of year $468,955

  • 2 · Savings and temporary cash investments

    beginning of year $217,751 · end of year $228,235

  • 4 · Accounts receivable

    beginning of year $9,933

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

    $31,279

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

    $1,716

  • 10c · Land, buildings and equipment, net

    beginning of year $29,563 · end of year $29,563

  • 17 · Accounts payable and accrued expenses

    beginning of year -$5,876

  • 25 · Other liabilities

    beginning of year $3,526 · end of year $4,506

  • 27 · Net assets without donor restrictions

    beginning of year $622,731 · end of year $722,247

Mission and programs · 2024

Mission

ECONOMIC DEVELOPMENT AUTHORITY FOR MONROEVILLE, AL AND MONROE COUNTY.

  • THROUGH THE CONTRIBUTIONS OF BUSINESSES, LOCAL GOVERNMENT AND PRIVATE CITIZENS, THE ENITY WAS ABLE TO PROMOTE THE ASSETS OF MONROEVILLE AND OTHER COMMUNITIES LOCATED IN MONROE COUNTY.

As filed on the 2024 return.

Listed in Part VII

  • Pete Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Burgess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Colquett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ywell Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ricky Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobby Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harvey Gaston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hutcherson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Harrigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul England

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.2
Source object
202622259349302662

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