Nonprofit · EIN 64-0616656
DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL
Tax-exempt · SOUTHAVEN, MS 38671
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,089,408 | $979,613 | $109,795 | $834,719 | $23,745 | $810,974 |
| December 31, 2023 | 990 | $972,815 | $931,012 | $41,803 | $719,565 | $18,386 | $701,179 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $847,018
- of which government grants
- $447,661
- Membership dues
- $280,963
- Program service revenue
- $185,242
- Investment income
- $22,231
- Net gain from sales of assets
- $13,800
- Other revenue
- $34,917
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $523,557
- Salaries, compensation and benefits (total)
- $581,111
- Professional fundraising fees
- $0
- Legal fees
- $11,131
- Accounting fees
- $9,086
- Occupancy
- $27,155
- Travel
- $4,102
- Depreciation
- $9,391
- Program services (functional)
- $688,158
- Management and general (functional)
- $253,536
- Fundraising (functional)
- $37,919
Balance sheet and other
- Total assets, start of year
- $719,565
- Total assets, end of year
- $834,719
- Total liabilities, end of year
- $23,745
- Net assets, end of year
- $810,974
- Land, buildings and equipment
- $65,171
- Net assets without donor restrictions
- $810,974
- Gross receipts
- $1,089,408
- Employees
- 5
- Year formed
- 1978
- State of legal domicile
- MS
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES B FLANAGAN | EXECUTIVE DI Key employee | 40 | $343,822 | $17,191 |
| JOHN RAY | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| DAVY HUNT | VICE CHAIRMA Trustee or director, Officer | 3 | $0 | $0 |
| RHODES THOMPSON | TREASURER Trustee or director | 3 | $0 | $0 |
| BOBBIE ESPITIA | SECRETARY Trustee or director | 3 | $0 | $0 |
| DIEGO LEJWA | PAST CHAIRMA Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BAKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CALVIN JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM ALLMON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUSS SNEED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN DODDRIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REGGIE DURHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD GRISSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DWAYNE NAPPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAD SIMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
28 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RAY | BOARD MEMBER Trustee or director | 1 | $0 |
| SONNET BOOTH | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVY HUNT | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT FELSENTHAL | BOARD MEMBER Trustee or director | 1 | $0 |
| NICKY GOODSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SHAWN CLAYTON | BOARD MEMBER Trustee or director | 1 | $0 |
| WAYNE SPELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DANE CHAMBERLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANE CRAIN | BOARD MEMBER Trustee or director | 1 | $0 |
| TANYA CREHAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DANNY SANDERS | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT KELSO | BOARD MEMBER Trustee or director | 1 | $0 |
| TRISH SPALDING | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA COATS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY GOSS | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN IBSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JON STEVENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| RITCHIE HAMPTON | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| CHAD PAYTON | EX-OFFICIO B Trustee or director | 1 | $0 |
| CHIP JOHNSON | EX-OFFICIO B Trustee or director | 1 | $0 |
| ALLEN LATIMER | EX BOARD MEM Trustee or director | 1 | $0 |
| KEN ADAMS | EX BOARD MEM Trustee or director | 1 | $0 |
| DARREN MUSSELWHITE | EX BOARD MEM Trustee or director | 1 | $0 |
| KEIDRON HENDERSON | EX BOARD MEM Trustee or director | 1 | $0 |
| VANESSA LYNCHARD | EX BOARD MEM Trustee or director | 1 | $0 |
| LEE CALDWELL | EX BOARD MEM Trustee or director | 1 | $0 |
| CORY USELTON | EX BOARD MEM Trustee or director | 1 | $0 |
| DR MICHAEL HEINDL | EX BOARD MEM Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 48 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES B FLANAGAN | EXECUTIVE DI Key employee | 40 | $299,050 | $16,435 |
| DIEGO LEJWA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN RAY | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| DAVY HUNT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RHODES THOMPSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RITCHIE HAMPTON | PAST CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| DIEGO LEJWA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DIETZ LANKHORS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CALVIN JONES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CYNTHIA SPANN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RUSS SNEED | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JEFF FIELD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVY HUNT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRAD GRISSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DWAYNE NAPPER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SHAD SIMS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JPHN RAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SCOTT FELSENTHAL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BOBBIE ESPITIA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RHODES THOMPSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RITCHIE HAMPTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SUSAN REICH | PAST CHAIRMA Trustee or director, Officer | 0.5 | $0 | $0 |
| KEVIN DODDRIDGE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KEN IBSEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| WAYNE SPELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MCKINLEY HODGES | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| CHIP JOHNSON | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| QUENTIN DIXON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KATHY LEVERETT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JON STEVENSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHRIS BROWN | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| MARTIN SHANNON | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| MARK AQUADRO | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| NICKY GOODSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SHAWN CLAYTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRIAN HOGAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALLEN LATIMER | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| KEN ADAMS | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| DARREN MUSSELWHITE | EX BOARD MEM Trustee or director | 0 | $0 | $0 |
| TANYA CREHAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DANNY SANDERS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PATRICIA COATS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| VANESSA LYNCHARD | EX BOARD MEM Trustee or director | – | $0 | $0 |
| DR MICHAEL HEINDL | EX BOARD MEM Trustee or director | – | $0 | $0 |
| CORY USELTON | EX BOARD MEM Trustee or director | – | $0 | $0 |
| RAY DENISON | EX BORAD MEM Trustee or director | – | $0 | $0 |
| KEIDRON HENDERSON | EX BOARD MEM Trustee or director | – | $0 | $0 |
| JAY GOSS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4716 PEPPER CHASE DR, SOUTHAVEN, MS 38671-7432
- Principal officer (990 for 2024)
- JAMES B FLANAGAN, 4716 PEPPER CHASE DRIVE, SOUTHAVEN, MS 38671
- Signed the 990
- JAMES B FLANAGAN, EXECUTIVE DIRECTOR
- Phone
- (662) 429-4414
- Website
- WWW.DESOTOCOUNTY.COM
- Return prepared by
- WILLIAMS PITTS & BEARD PLLC
Mission
DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP, COORDINATE AND RECRUIT NEW AND EXPANDED INDUSTRY,BUSINESS AND TRADE IN DESOTO COUNTY. THE COUNCIL ALSO WAS A PART OF AN EDUCATION- INDUSTRY PARTNERSHP THAT CREATED A NEW CAREER TECH CENTER IN OLIVE BRANCH TO PROMOTE JOB CREATION AND TRAINING PROGRAMS TO MEET THE GROWING NEEDS OF THE COUNTY.
Program accomplishments
- THE COUNCIL SUSTAINED ITS INITIATIVES IN RECRUITING AND EXPANDING INDUSTRIES WITHIN DESOTO COUNTY, CONTRIBUTING TO THE ESTABLISHMENT OF NINE NEW INDUSTRIES AND THE EXPANSION OF EIGHT EXISTING ENTERPRISES.
- THE COUNCIL CONTINUED NEW INDUSTRY RECRUITMENT AND EXPANSION IN DESOTO
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0616656
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $834,719
- Income (IRS master file)
- $1,089,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,089,408 | $979,613 | $834,719 | XML |
| 990 | December 2023 | $972,815 | $931,012 | $719,565 | XML |
| 990 | December 2022 | $878,105 | $1,022,457 | $674,247 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 64-0616656).
Questions about DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL
- What is the EIN of DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL?
- The employer identification number (EIN) of DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL is 64-0616656.
- Is DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL 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 DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL 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 DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL 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 DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL?
- The 990 for the year ended December 31, 2024 names JAMES B FLANAGAN.
- Who are the officers and directors of DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL?
- The 990 for the year ended December 31, 2024 lists 43 people; 1 received compensation from the organization, the highest $343,822 (JAMES B FLANAGAN, EXECUTIVE DI).
- How much revenue does DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,089,408, expenses of $979,613 and total assets of $834,719 at year end.
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