Nonprofit · EIN 63-1203580
LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC
Tax-exempt · ALEX CITY, AL 35011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $312,889 | $213,647 | $99,242 | $181,193 | $0 | $181,193 |
| September 30, 2023 | 990 | $304,925 | $331,220 | -$26,295 | $96,236 | $0 | $96,236 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $312,436
- Program service revenue
- $0
- Investment income
- $453
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $106,040
- Salaries, compensation and benefits (total)
- $121,997
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Program services (functional)
- $203,552
- Management and general (functional)
- $8,595
Balance sheet and other
- Total assets, start of year
- $96,236
- Total assets, end of year
- $181,193
- Total liabilities, end of year
- $0
- Net assets, end of year
- $181,193
- Gross receipts
- $312,889
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WOODY BAIRD | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| PHIL BLASINGAME | DIRECTOR Trustee or director | 0 | $0 |
| TC COLEY | CHAIRMAN Trustee or director | 0 | $0 |
| BUFFY COLVIN | DIRECTOR Trustee or director | 0 | $0 |
| RANDY DAWKINS | DIRECTOR Trustee or director | 0 | $0 |
| TAL EAST | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| LORI HARRELL | DIRECTOR Trustee or director | 0 | $0 |
| JIM PEACE | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| DAVID STURDIVANT | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| JIMMY FRANK GOODMAN | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| RICHARD DEAN | EXECUTIVE COMMITTEE Trustee or director | 0 | $0 |
| ANDREA ELLIS-MORRIS | DIRECTOR Trustee or director | 0 | $0 |
| JEFF LYNN | DIRECTOR Trustee or director | 0 | $0 |
| CONNIE BAINBRIDGE | DIRECTOR Trustee or director | 0 | $0 |
| STEVE ROBINSON | DIRECTOR Trustee or director | 0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAMAR DAUGHTERY | DIRECTOR Trustee or director | 0 | $0 |
| LEISA WOODY | DIRECTOR Trustee or director | 0 | $0 |
| RACHEL MCCORMICK | DIRECTOR Trustee or director | 0 | $0 |
| LES SELLERS | DIRECTOR Trustee or director | 0 | $0 |
| IW KIM | DIRECTOR Trustee or director | 0 | $0 |
| SANDRA HOWELL | DIRECTOR Trustee or director | 0 | $0 |
| JOHN STRICKLAND | DIRECTOR Trustee or director | 0 | $0 |
| LISA MILLER | DIRECTOR Trustee or director | 0 | $0 |
| MARK SPENCER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended September 30, 2023: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNIE BAINBRIDGE | DIRECTOR Trustee or director | – | $0 |
| WOODY BAIRD | EXECUTIVE CO Trustee or director | – | $0 |
| PHIL BLASINGAME | DIRECTOR Trustee or director | – | $0 |
| JIMMY BROCK | DIRECTOR Trustee or director | – | $0 |
| PEGGY BULLARD | DIRECTOR Trustee or director | – | $0 |
| T C COLEY | CHAIRMAN Trustee or director, Officer | – | $0 |
| BUFFY COLVIN | DIRECTOR Trustee or director | – | $0 |
| LAMAR DAUGHTERY | DIRECTOR Trustee or director | – | $0 |
| RANDY DAWKINS | DIRECTOR Trustee or director | – | $0 |
| RICHARD DEAN | EXECUTIVE CO Trustee or director | – | $0 |
| TAL EAST | EXECUTIVE CO Trustee or director | – | $0 |
| ANGELA ELLIS | EXECUTIVE CO Trustee or director | – | $0 |
| JIMMY FRANK GOODMAN | EXECUTIVE CO Trustee or director | – | $0 |
| LORI HARRELL | DIRECTOR Trustee or director | – | $0 |
| DAVID JACKSON | DIRECTOR Trustee or director | – | $0 |
| IW KIM | DIRECTOR Trustee or director | – | $0 |
| JEFF LYNN | EXECUTIVE CO Trustee or director | – | $0 |
| JACOB MEACHUM | DIRECTOR Trustee or director | – | $0 |
| LISA MILLER | DIRECTOR Trustee or director | – | $0 |
| JIM PEACE | EXECUTIVE CO Trustee or director | – | $0 |
| LES SELLERS | DIRECTOR Trustee or director | – | $0 |
| JOHN STRICKLAND | DIRECTOR Trustee or director | – | $0 |
| DAVID STURDIVANT | EXECUTIVE CO Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1105, ALEX CITY, AL 35011-1105
- In care of
- % CITY OF ALEXANDER CITY
- Principal officer (990 for 2023)
- TC COLEY, 125 NORTH BROADNAX ST, DADEVILLE, AL 36853
- Signed the 990
- TC COLEY, CHAIRMAN
- Phone
- (256) 215-4411
- Return prepared by
- City Accounting H&R Block
Mission
THE MISSION IS TWO FOLD, TO ATTRACT NEW BUSINESS TO THE AREA AND RETENTION OF EXISTING BUSINESS AND INDUSTRY.
Program accomplishments
- THE MISSION IS TWO FOLD, TO ATTRACT NEW BUSINESS TO THE AREA AND RETENTION OF EXISTING BUSINESS AND INDUSTRY.
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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 63-1203580
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $181,193
- Income (IRS master file)
- $312,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $312,889 | $213,647 | $181,193 | XML |
| 990 | September 2023 | $304,925 | $331,220 | $96,236 | XML |
| 990 | September 2022 | $285,661 | $254,119 | $122,531 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 63-1203580).
Questions about LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC
- What is the EIN of LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC?
- The employer identification number (EIN) of LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC is 63-1203580.
- Is LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE 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 LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC?
- The 990 for the year ended September 30, 2024 names TC COLEY.
- Who are the officers and directors of LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC?
- The 990 for the year ended September 30, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does LAKE MARTIN AREA ECONOMIC DEVELOPMENT ALLIANCE INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $312,889, expenses of $213,647 and total assets of $181,193 at year end.
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