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Nonprofit · EIN 63-0438905

LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC

Tax-exempt · ATHENS, AL 35611

Financials

$479K$410K2022$467K$430K2023$491K$473K2024
Revenue Expenses · by fiscal year end
Financials of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$491,253$473,433$17,820$549,579$6,059$543,520
May 31, 2024990$466,541$430,420$36,121$529,863$2,721$527,142
May 31, 2023990$478,785$410,355$68,430$499,140$8,119$491,021
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$482,904
of which government grants
$258,344
Membership dues
$183,200
Program service revenue
$0
Investment income
$8,349
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$114,468
Other salaries and wages
$95,681
Salaries, compensation and benefits (total)
$289,225
Professional fundraising fees
$0
Legal fees
$263
Accounting fees
$24,987
Occupancy
$24,000
Travel
$29,582
Depreciation
$15,264
Program services (functional)
$473,433

Balance sheet and other

Total assets, start of year
$529,863
Total assets, end of year
$549,579
Total liabilities, end of year
$6,059
Net assets, end of year
$543,520
Land, buildings and equipment
$64,801
Net assets without donor restrictions
$543,520
Gross receipts
$491,253
Employees
3
Year formed
1954
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Bethany ShockneyCEO
Officer
40$114,468$49,955
Tommy CoblentzExecutive Committee
Trustee or director
5$0$0
Kim WhitworthChairman Executive Committee
Trustee or director
5$0$0
Jason HenesseExecutive Committee
Trustee or director
2$0$0
Robbie DayExecutive Committee
Trustee or director
2$0$0
Erin TidwellExecutive Committee
Trustee or director
2$0$0
990 for the year ended May 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
Bethany ShockneyCEO
Officer
40$114,520$8,030
Amber TurnerProject Manager
Key employee
40$61,680$4,110
Blake WilliamsPublic Relations
Key employee
40$50,567$3,375
Jason HennesseeTreasurer
Trustee or director
5$0$0
Randy MoorePast Chair
Trustee or director
2$0$0
Kim WhitworthVice Chair
Trustee or director
0$0$0
Tommy CoblentzChairman Executive Committee
Trustee or director
5$0$0
Erin TidwellExecutive Committee
Trustee or director
0$0$0
990 for the year ended May 31, 2023: 7 people
NameTitleHours / weekCompensation
Bethany ShockneyCEO
Officer
40$124,841
Amber TurnerProject Coordinator
Key employee
40$53,001
Kim WhitworthTreasurer
Trustee or director
3$0
Steve CarterDirector
Trustee or director
3$0
Randy MooreChairman
Trustee or director
5$0
Daryl WilliamsonPast Chairman
Trustee or director
3$0
Tommy CoblentzVice Chairman
Trustee or director
3$0

Address and contacts

Address (IRS master file)
101 S BEATY ST, ATHENS, AL 35611-2603
In care of
% BETHANY SHOCKNEY
Principal officer (990 for 2024)
Bethany Shockney, 101 S Beaty St, Athens, AL 35611
Signed the 990
BETHANY SHOCKNEY, CEO
Phone
(256) 232-2386
Return prepared by
W Douglas Logan CPA PC

Mission

To promote bussiness and industrial development in Athens and Limestone County Alabama

990 for the year ended May 31, 2025

Program accomplishments

  • To promote business and industrial development in Athens and Limestone County Alabama
    Expenses $473,433

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
63-0438905
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1977
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$549,579
Income (IRS master file)
$491,253

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$491,253$473,433$549,579XML
990May 2024$466,541$430,420$529,863XML
990May 2023$478,785$410,355$499,140XML
990May 2022$303,640$301,240$431,310IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-0438905).

Questions about LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC

What is the EIN of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC?
The employer identification number (EIN) of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC is 63-0438905.
Is LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1977.
Are donations to LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC?
The 990 for the year ended May 31, 2025 names Bethany Shockney.
Who are the officers and directors of LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC?
The 990 for the year ended May 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $114,468 (Bethany Shockney, CEO).
How much revenue does LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $491,253, expenses of $473,433 and total assets of $549,579 at year end.

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