Nonprofit · EIN 63-0866023
THE SOUTHERN DEVELOPMENT COUNCIL INC
Tax-exempt · MOUNTAIN BRK, AL 35223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,587,588 | $1,484,220 | $103,368 | $5,545,196 | $622,780 | $4,922,416 |
| September 30, 2024 | 990 | $1,494,206 | $1,380,940 | $113,266 | $5,365,921 | $546,873 | $4,819,048 |
| September 30, 2023 | 990 | $1,384,295 | $1,305,989 | $78,306 | $5,139,101 | $433,319 | $4,705,782 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,475,890
- Investment income
- $107,077
- Other revenue
- $4,621
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $181,413
- Other salaries and wages
- $630,249
- Salaries, compensation and benefits (total)
- $900,591
- Professional fundraising fees
- $0
- Accounting fees
- $32,996
- Occupancy
- $69,144
- Travel
- $35,956
- Depreciation
- $2,794
- Program services (functional)
- $1,061,215
- Management and general (functional)
- $423,005
Balance sheet and other
- Total assets, start of year
- $5,365,921
- Total assets, end of year
- $5,545,196
- Total liabilities, end of year
- $622,780
- Net assets, end of year
- $4,922,416
- Land, buildings and equipment
- $56,862
- Net assets without donor restrictions
- $3,922,416
- Net assets with donor restrictions
- $1,000,000
- Gross receipts
- $1,587,588
- Employees
- 9
- Volunteers
- 9
- Year formed
- 1983
- 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 | Other / benefits |
|---|---|---|---|---|
| YOLANDA MERRIWEATHER | PRESIDENT AND EXECUTIVE DI Officer | 40 | $181,413 | $9,878 |
| DAVID MATHIS | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARK CHAMBERS | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| CHARLES EDDY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| PATRICK HAMNER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN KNIGHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DEMARCO MCCLAIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JO KAREN PARR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JIM SEARCY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SPENCER WIGGINS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOLANDA MERRIWEATHER | PRESIDENT AND EXECUTIVE DIRECTOR Officer | 40 | $181,413 | $8,624 |
| DAVID MATHIS | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARK CHAMBERS | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| CHARLES EDDY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| LEE ADCOX | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PATRICK HAMNER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN KNIGHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DEMARCO MCCLAIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JO KAREN PARR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JIM SEARCY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SPENCER WIGGINS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOLANDA MERRIWEATHER | EXECUTIVE DIRECTOR Officer | 40 | $169,543 | $8,412 |
| LEE ADCOX | PRESIDENT, CEO Trustee or director, Officer | 10 | $0 | $0 |
| CHARLES EDDY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| PATRICK HAMNER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARK CHAMBERS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN KNIGHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID MATHIS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JO KAREN PARR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JIM SEARCY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SPENCER WIGGINS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 OFFICE PARK DR STE 338, MOUNTAIN BRK, AL 35223-2947
- Principal officer (990 for 2024)
- YOLANDA MERRIWEATHER, 200 OFFICE PARK DRIVE SUITE 338, MOUNTAIN BROOK, AL 35223
- Signed the 990
- YOLANDA MERRIWEATHER, EXECUTIVE DIRECTOR
- Phone
- (800) 499-3034
- Website
- WWW.SDCINC.ORG
- Return prepared by
- BORLAND BENEFIELD PC
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE SMALL BUSINESS GROWTH AND DEVELOPMENT BY ASSISTING THEM WITH OBTAINING THE FINANCING THEY NEED IN ORDER TO ACHIEVE THAT GROWTH AND DEVELOPMENT INCLUDING JOB CREATION.
Program accomplishments
- THE ORGANIZATION ASSISTS SMALL BUSINESSES IN OBTAINING FINANCING USING LOAN PROGRAMS OFFERED BY THE US SMALL BUSINESS ADMINISTRATION COMMONLY REFERRED TO AS THE SBA. THE ORGANIZATION ORIGINATES AND SUBSEQUENTLY SERVICES LOANS FOR THE SBA UNDER THEIR 504 PROGRAMS.Expenses $817,304 · revenue $368,346
- IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESSES. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE MADE IN CONJUNCTION WITH SBA LOANS AND ARE CONSIDERED "GAP" FINANCING. OTHER DIRECT LOANS ARE MADE WHERE LOAN AMOUNTS NEEDED BY THE SMALL BUSINESSES ARE SMALLER OR SHORTER TERM OF WEHRE THE USE OF THE PROCEEDS IS MIXED (I.E. FIXED ASSET ACQUISITION OR WORKING CAPITAL) AND MAY NOT BE A CANDIDATE FOR THE SBA 504 PROGRAM.Expenses $3,836 · revenue $194,328
- ONE OF THE ORGANIZATION'S PROGRAMS IS RELATED TO THE LOAN SERVICING PROCESS. THE ORGANIZATION RECEIVES MONTHLY SERVICING FEES ON ALL LOANS FUNDED BY THE SBA.Expenses $240,075 · revenue $913,216
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
- 63-0866023
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,545,196
- Income (IRS master file)
- $1,587,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,587,588 | $1,484,220 | $5,545,196 | XML |
| 990 | September 2024 | $1,494,206 | $1,380,940 | $5,365,921 | XML |
| 990 | September 2023 | $1,384,295 | $1,305,989 | $5,139,101 | XML |
| 990 | September 2022 | $1,106,394 | $1,365,654 | $5,076,770 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 63-0866023).
Questions about THE SOUTHERN DEVELOPMENT COUNCIL INC
- What is the EIN of THE SOUTHERN DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of THE SOUTHERN DEVELOPMENT COUNCIL INC is 63-0866023.
- Is THE SOUTHERN DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE SOUTHERN DEVELOPMENT COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SOUTHERN DEVELOPMENT COUNCIL 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 THE SOUTHERN DEVELOPMENT COUNCIL INC 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 THE SOUTHERN DEVELOPMENT COUNCIL INC 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 THE SOUTHERN DEVELOPMENT COUNCIL INC?
- The 990 for the year ended September 30, 2025 names YOLANDA MERRIWEATHER.
- Who are the officers and directors of THE SOUTHERN DEVELOPMENT COUNCIL INC?
- The 990 for the year ended September 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $181,413 (YOLANDA MERRIWEATHER, PRESIDENT AND EXECUTIVE DI).
- How much revenue does THE SOUTHERN DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,587,588, expenses of $1,484,220 and total assets of $5,545,196 at year end.
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