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Nonprofiteer
← DIXIE BUSINESS DEVELOPMENT CENTER INC

Form 990 for tax year 2022

Filed by DIXIE BUSINESS DEVELOPMENT CENTER INC.

Totals

Total revenue
$241,284
Total expenses
$259,598
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$239,900
Investment income
$0
Other revenue
$1,384
Total assets, end of year
$954,939
Total liabilities, end of year
$271,795
Net assets or fund balances, end of year
$683,144
Program services expenses (Part IX)
$181,093
Management and general expenses
$78,505
Fundraising expenses
$0
Program service expenses (Part III)
$181,093

Program services were 69.8% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $239,900 · related or exempt $239,900

  • 11a · Other revenue: OTHER REVENUE

    total $1,384 · related or exempt $1,384

  • 11e · Other revenue, total

    $1,384

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $38,741 · program services $29,056 · management and general $9,685

  • 7 · Other salaries and wages

    total $38,072 · program services $28,554 · management and general $9,518

  • 9 · Other employee benefits

    total $3,272 · program services $2,454 · management and general $818

  • 10 · Payroll taxes

    total $6,599 · program services $4,949 · management and general $1,650

  • 11c · Fees: accounting

    total $6,650 · management and general $6,650

  • 11g · Fees: other

    total $14,520 · management and general $14,520

  • 12 · Advertising and promotion

    total $13,229 · program services $13,229

  • 13 · Office expenses

    total $2,259 · program services $1,694 · management and general $565

  • 16 · Occupancy

    total $22,781 · program services $17,086 · management and general $5,695

  • 19 · Conferences, conventions and meetings

    total $2,143 · program services $536 · management and general $1,607

  • 20 · Interest

    total $44 · program services $44

  • 22 · Depreciation, depletion and amortization

    total $52,897 · program services $39,673 · management and general $13,224

  • 23 · Insurance

    total $28,157 · program services $21,118 · management and general $7,039

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $29,221 · program services $21,915 · management and general $7,306

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $757 · program services $568 · management and general $189

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $156 · program services $117 · management and general $39

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,963 · end of year $36,099

  • 3 · Pledges and grants receivable

    beginning of year $1,957 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,449 · end of year $3,763

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

    $1,659,286

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

    $744,209

  • 10c · Land, buildings and equipment, net

    beginning of year $936,541 · end of year $915,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,450 · end of year $222,425

  • 19 · Deferred revenue

    beginning of year $23,322 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $53,168 · end of year $36,658

  • 25 · Other liabilities

    beginning of year $12,512 · end of year $12,712

  • 27 · Net assets without donor restrictions

    beginning of year $701,458 · end of year $683,144

Mission and programs · 2022

Mission

TO ATTRACT AND ASSIST EMERGING BUSINESSES IN THE LOCAL SERVICE AREA BY PROVIDING OFFICE SPACE AND TECHNICAL SERVICES IN AN ENVIRONMENT IN WHICH BUSINESSES CAN DEVELOP, GROW, AND SUCCEED.

  • PROVIDED OFFICE SPACE AND SHARED SERVICES TO DEVELOPING SMALL BUSINESSES IN A RURAL AREA.

    Expenses $181,093 · Revenue $241,284

As filed on the 2022 return.

Listed in Part VII

  • Randall Pierce

    DIRECTOR

    Total calculated
    $561,465
    From this org
    $0
    From related orgs
    $388,806
    Other
    $172,659
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,366 related
    Bonus
    $0 + $12,603 related
    Other
    $0 + $28,837 related
    Deferred
    $0 + $172,435 related
    Nontaxable benefits
    $0 + $224 related
    Filer's total
    $0 + $561,465 related

  • Leslie Falks

    SECRETARY/TREASURER

    Total calculated
    $39,240
    From this org
    $0
    From related orgs
    $39,240
    Other
    $0
    Hours/week
    2 + 2.63 related

  • Richard Sitman

    PRESIDENT

    Total calculated
    $38,190
    From this org
    $0
    From related orgs
    $38,190
    Other
    $0
    Hours/week
    2 + 2.46 related

  • Lela Mae Wilkes

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dennis Aucoin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ronald Foshee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shane Lacombe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William Joubert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • John Ware

    EXECUTIVE DIRECTOR

    Total calculated
    $38,741
    From this org
    $37,621
    From related orgs
    $0
    Other
    $1,120
    Hours/week
    24

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II, COLUMN B (III)
PART II REPRESENTS COMPENSATION AND BENEFITS PAID BY DIXIE ELECTRIC MEMBERSHIP CORPORATION, A RELATED ORGANIZATION TO DIXIE BUSINESS DEVELOPMENT CENTER, AND THUS, THE RELATED ORGANIZATION'S AMOUNTS ARE REPORTED ON THIS RETURN. HOWEVER, NO COMPENSATION REPORTED ON SCHEDULE J WAS PAID BY THIS ORGANIZATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DEMCO ENERGY SERVICES LLC

    C · PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA · LA

    Directly controlled by DIXIE ELECTRIC MEMBERSHIP CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303189349303720

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