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Nonprofit · EIN 63-0886994

ECONOMIC DEVELOPMENT ASSO OF ALABAMA

Tax-exempt · MONTGOMERY, AL 36104

Financials

$1.2M$1.1M2023$1.2M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of ECONOMIC DEVELOPMENT ASSO OF ALABAMA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,185,041$1,115,123$69,918$988,984$412,626$576,358
December 31, 2023990$1,151,069$1,084,633$66,436$866,538$360,098$506,440
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,171,225
Investment income
$13,787
Other revenue
$29

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$193,121
Other salaries and wages
$58,006
Salaries, compensation and benefits (total)
$275,549
Professional fundraising fees
$0
Accounting fees
$17,088
Occupancy
$9,731
Travel
$17,662
Depreciation
$39,913

Balance sheet and other

Total assets, start of year
$866,538
Total assets, end of year
$988,984
Total liabilities, end of year
$412,626
Net assets, end of year
$576,358
Land, buildings and equipment
$5,494
Net assets without donor restrictions
$576,358
Gross receipts
$1,185,041
Employees
2
Volunteers
0
Year formed
1996
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JIM SEARCYEXECUTIVE DIRECTOR
Officer
40$146,070$47,051
ALLISON BRANTLEYBOARD MEMBER
Trustee or director
0$0$0
CHRIS BUSBYBOARD MEMBER
Trustee or director
0$0$0
CARY COXBOARD MEMBER
Trustee or director
0$0$0
KEVIN JACKSONBOARD MEMBER
Trustee or director
0$0$0
LEE JOHNSONBOARD MEMBER
Trustee or director
0$0$0
NATHAN LEEBOARD MEMBER
Trustee or director
0$0$0
LISA MILLERBOARD MEMBER
Trustee or director
0$0$0
DAVID PADGETTBOARD MEMBER
Trustee or director
0$0$0
VINCE PEREZBOARD MEMBER
Trustee or director
0$0$0
ANGELA SMITHPRESIDENT
Trustee or director, Officer
0$0$0
JAMIE TROUTMANFIRST VP
Trustee or director, Officer
0$0$0
MELODY WHITTENSECOND VP
Trustee or director, Officer
0$0$0
SHANE KEARNEYSECRETARY/TREASURER
Trustee or director, Officer
0$0$0
TAYLOR WILLIAMSIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
JIM SEARCYEXECUTIVE DIRECTOR
Officer
40$140,658$35,398
ALLISON BRANTLEYBOARD MEMBER
Trustee or director
0$0$0
CHRIS BUSBYBOARD MEMBER
Trustee or director
0$0$0
CARY COXBOARD MEMBER
Trustee or director
0$0$0
LEE JOHNSONBOARD MEMBER
Trustee or director
0$0$0
SHANE KEARNEYBOARD MEMBER
Trustee or director
0$0$0
NATHAN LEEBOARD MEMBER
Trustee or director
0$0$0
LISAA MILLERBOARD MEMBER
Trustee or director
0$0$0
TAYLOR WILLIAMSPRESIDENT
Trustee or director, Officer
0$0$0
ANGELA SMITHFIRST VP
Trustee or director, Officer
0$0$0
JANIE TROUTMANSECOND VP
Trustee or director, Officer
0$0$0
MELODY WHITTENSECRETARY/TREASURER
Trustee or director, Officer
0$0$0
BROOKS KRACKEIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0$0$0

Address and contacts

Address (IRS master file)
2 N JACKSON ST STE 302, MONTGOMERY, AL 36104-3821
Principal officer (990 for 2024)
GREG BARKER, 2 NORTH JACKSON STREET SUITE 302, MONTGOMERY, AL 36104
Signed the 990
GREG BARKER, INTERIM EXECUTIVE DIRECTOR
Phone
(334) 676-2085
Return prepared by
CRI ADVISORS LLC

Mission

EDAA WILL PURPOSEFULLY ADVOCATE ISSUES WHICH CAN POSITIVELY IMPACT THE ECONOMIC DEVELOPMENT COMMUNITY AND PROFESSION IN ALABAMA THROUGH LEGISLATION AND PROFESSIONAL DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • CONFERENCES AND WORKSHOPS PROVIDE MEMBERS WITH INCREASED KNOWLEDGE OF ECONOMIC DEVELOPMENT METHODS.
    Expenses $1,115,121 · revenue $1,171,254

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 December, so each return is due on the 15th day of the 5th month after that.

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

IRS record

EIN
63-0886994
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$988,984
Income (IRS master file)
$1,185,041

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,185,041$1,115,123$988,984XML
990December 2023$1,151,069$1,084,633$866,538XML
990December 2022$1,007,717$887,426$775,092IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 63-0886994).

Questions about ECONOMIC DEVELOPMENT ASSO OF ALABAMA

What is the EIN of ECONOMIC DEVELOPMENT ASSO OF ALABAMA?
The employer identification number (EIN) of ECONOMIC DEVELOPMENT ASSO OF ALABAMA is 63-0886994.
Is ECONOMIC DEVELOPMENT ASSO OF ALABAMA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
Are donations to ECONOMIC DEVELOPMENT ASSO OF ALABAMA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ECONOMIC DEVELOPMENT ASSO OF ALABAMA 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 ECONOMIC DEVELOPMENT ASSO OF ALABAMA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ECONOMIC DEVELOPMENT ASSO OF ALABAMA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ECONOMIC DEVELOPMENT ASSO OF ALABAMA?
The 990 for the year ended December 31, 2024 names GREG BARKER.
Who are the officers and directors of ECONOMIC DEVELOPMENT ASSO OF ALABAMA?
The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $146,070 (JIM SEARCY, EXECUTIVE DIRECTOR).
How much revenue does ECONOMIC DEVELOPMENT ASSO OF ALABAMA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,185,041, expenses of $1,115,123 and total assets of $988,984 at year end.

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