Nonprofit · EIN 63-0577301
MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION
Tax-exempt · DECATUR, AL 35601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $509,628 | $445,491 | $64,137 | $2,425,618 | $11,035 | $2,414,583 |
| September 30, 2024 | 990 | $467,770 | $335,909 | $131,861 | $2,593,491 | $243,045 | $2,350,446 |
| September 30, 2023 | 990 | $448,217 | $346,336 | $101,881 | $2,461,274 | $242,689 | $2,218,585 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $47,442
- of which government grants
- $47,442
- Program service revenue
- $364,370
- Investment income
- $82,182
- Other revenue
- $15,634
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $148,534
- Salaries, compensation and benefits (total)
- $189,854
- Professional fundraising fees
- $0
- Accounting fees
- $18,402
- Occupancy
- $12,466
- Depreciation
- $11,909
- Program services (functional)
- $222,750
- Management and general (functional)
- $146,692
- Fundraising (functional)
- $76,049
Balance sheet and other
- Total assets, start of year
- $2,593,491
- Total assets, end of year
- $2,425,618
- Total liabilities, end of year
- $11,035
- Net assets, end of year
- $2,414,583
- Land, buildings and equipment
- $628,181
- Net assets without donor restrictions
- $2,414,583
- Gross receipts
- $509,628
- Employees
- 4
- Year formed
- 1969
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL BROWN | NON-VOTING M Trustee or director | – | $0 |
| GREG CLEMONS | TREASURER Trustee or director, Officer | – | $0 |
| KEVIN CORUM | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| KENT CHAMBERS | MEMBER Trustee or director | – | $0 |
| TY CHANCELOR | MEMBER Trustee or director | – | $0 |
| RAY HARDIN | MEMBER Trustee or director | – | $0 |
| JOHN HOLLEY | MEMBER Trustee or director | – | $0 |
| CHRIS HOWARD | MEMBER Trustee or director | – | $0 |
| GENE KANIKOVSKY | MEMBER Trustee or director | – | $0 |
| ARTHUR ORR | CHAIRMAN Trustee or director, Officer | – | $0 |
| KELLI POWERS | MEMBER Trustee or director | – | $0 |
| JASMINE SANDERFER | NON-VOTING M Trustee or director | – | $0 |
| STEWART SMALLWOOD | MEMBER Trustee or director | – | $0 |
| JIMMY RAY SMITH | MEMBER Trustee or director | – | $0 |
| WADE WEAVER | MEMBER Trustee or director | – | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY ILA WARD | SECRETARY Trustee or director, Officer | – | $0 |
| JEREMY W NAILS | PRESIDENT Officer | – | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL BROWN | NON-VOTING M Trustee or director | – | $0 |
| GREG CLEMONS | TREASURER Trustee or director, Officer | – | $0 |
| KEVIN CORUM | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| RAY HARDIN | MEMBER Trustee or director | – | $0 |
| JOHN HOLLEY | MEMBER Trustee or director | – | $0 |
| CHRIS HOWARD | MEMBER Trustee or director | – | $0 |
| GENE KANIKOVSKY | MEMBER Trustee or director | – | $0 |
| GARY LIVINGSTON | MEMBER Trustee or director | – | $0 |
| ARTHUR ORR | CHAIRMAN Trustee or director, Officer | – | $0 |
| KELLI POWERS | MEMBER Trustee or director | – | $0 |
| JASMINE SANDERFER | NON-VOTING M Trustee or director | – | $0 |
| BOB SITTASON | MEMBER Trustee or director | – | $0 |
| STEWART SMALLWOOD | MEMBER Trustee or director | – | $0 |
| JIMMY RAY SMITH | MEMBER Trustee or director | – | $0 |
| WADE WEAVER | MEMBER Trustee or director | – | $0 |
| MARY ILA WARD | SECRETARY Trustee or director, Officer | – | $0 |
| JEREMY W NAILS | PRESIDENT Officer | – | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY W NAILS | PRESIDENT Officer | 40 | $125,775 |
| CRYSTAL BROWN | NON-VOTING M Trustee or director | – | $0 |
| GREG CLEMONS | TREASURER Trustee or director, Officer | – | $0 |
| KEVIN CORUM | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| RAY HARDIN | MEMBER Trustee or director | – | $0 |
| JOHN HOLLEY | MEMBER Trustee or director | – | $0 |
| CHRIS HOWARD | MEMBER Trustee or director | – | $0 |
| GENE KANIKOVSKY | MEMBER Trustee or director | – | $0 |
| GARY LIVINGSTON | MEMBER Trustee or director | – | $0 |
| ARTHUR ORR | CHAIRMAN Trustee or director, Officer | – | $0 |
| KELLI POWERS | MEMBER Trustee or director | – | $0 |
| JASMINE SANDERFER | NON-VOTING M Trustee or director | – | $0 |
| BOB SITTASON | MEMBER Trustee or director | – | $0 |
| STEWART SMALLWOOD | MEMBER Trustee or director | – | $0 |
| JIMMY RAY SMITH | MEMBER Trustee or director | – | $0 |
| WADE WEAVER | MEMBER Trustee or director | – | $0 |
| MARY ILA WARD | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 300 MARKET ST NE STE 2, DECATUR, AL 35601-7806
- Principal officer (990 for 2024)
- JEREMY W NAILS, 300 MARKET STREET NW, DECATUR, AL 35601
- Signed the 990
- JEREMY W NAILS, PRESIDENT
- Phone
- (256) 353-1213
- Website
- WWW.MCEDA.ORG
- Return prepared by
- BYRD SMALLEY & ADAMS PC
Mission
ECONOMIC DEVELOPMENT IN MORGAN COUNTY, ALABAMA
Program accomplishments
- THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.Expenses $222,750 · revenue $364,370
- THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 63-0577301
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,425,618
- Income (IRS master file)
- $509,628
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $509,628 | $445,491 | $2,425,618 | XML |
| 990 | September 2024 | $467,770 | $335,909 | $2,593,491 | XML |
| 990 | September 2023 | $448,217 | $346,336 | $2,461,274 | XML |
| 990 | September 2022 | $382,417 | $300,911 | $2,122,081 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 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 63-0577301).
Questions about MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION
- What is the EIN of MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The employer identification number (EIN) of MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION is 63-0577301.
- Is MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION 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 MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The 990 for the year ended September 30, 2025 names JEREMY W NAILS.
- Who are the officers and directors of MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The 990 for the year ended September 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does MORGAN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $509,628, expenses of $445,491 and total assets of $2,425,618 at year end.
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