Nonprofit · EIN 64-0811158
EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP
Tax-exempt · MERIDIAN, MS 39301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,404,004 | $1,298,438 | $105,566 | $2,252,087 | $538,173 | $1,713,914 |
| September 30, 2024 | 990 | $764,464 | $884,233 | -$119,769 | $2,250,413 | $562,760 | $1,687,653 |
| September 30, 2023 | 990 | $894,482 | $1,104,555 | -$210,073 | $2,402,085 | $594,663 | $1,807,422 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,058,400
- of which government grants
- $714,032
- Membership dues
- $344,368
- Program service revenue
- $340,276
- Investment income
- $32,607
- Net rental income
- -$27,279
- Other revenue
- -$27,279
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $285,433
- Other salaries and wages
- $171,088
- Salaries, compensation and benefits (total)
- $531,703
- Professional fundraising fees
- $0
- Legal fees
- $734
- Accounting fees
- $10,000
- Travel
- $10,587
- Depreciation
- $18,302
- Program services (functional)
- $755,841
- Management and general (functional)
- $383,914
- Fundraising (functional)
- $158,683
Balance sheet and other
- Total assets, start of year
- $2,250,413
- Total assets, end of year
- $2,252,087
- Total liabilities, end of year
- $538,173
- Net assets, end of year
- $1,713,914
- Land, buildings and equipment
- $579,617
- Net assets without donor restrictions
- $693,757
- Net assets with donor restrictions
- $1,020,157
- Gross unrelated business income
- -$27,279
- Gross receipts
- $1,456,213
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1996
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL HANNAH | PRESIDENT Highest-paid employee | 40 | $285,433 |
| DEBRA MATHIS | OFFICER Officer | 40 | $33,482 |
| ANN ALEXANDER | DIRECTOR Trustee or director, Officer | 4 | $0 |
| TOM HUEBNER | EDUCATION CHAIR Trustee or director, Officer | 4 | $0 |
| COLE CARDWELL | DIRECTOR Trustee or director | 4 | $0 |
| LARKIN KENNEDY | PAST CHAIR Trustee or director, Officer | 4 | $0 |
| RICHMOND ALEXANDER | DIRECTOR Trustee or director | 4 | $0 |
| DR MARY STEWART | DIRECTOR Trustee or director | 4 | $0 |
| KACEY BAILEY | DIRECTOR Trustee or director | 4 | $0 |
| JOHN ANDERSON | DIRECTOR Trustee or director | 4 | $0 |
| JORGE FRIAS | DIRECTOR Trustee or director | 4 | $0 |
| BERNIE MITCHELL | DIRECTOR Trustee or director | 4 | $0 |
| JIMMY COPELAND | VICE-CHAIR Trustee or director, Officer | 4 | $0 |
| MICHAEL VAN VECKOVEN | DIRECTOR Trustee or director | 4 | $0 |
| DONNIE MASSEY | DIRECTOR Trustee or director | 4 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN MCDONALD | DIRECTOR Trustee or director | 4 | $0 |
| JEROME ROBERTS | DIRECTOR Trustee or director | 4 | $0 |
| WADE SIMS | DIRECTOR Trustee or director | 4 | $0 |
| COL CINDY SMITH | DIRECTOR Trustee or director | 4 | $0 |
| CHRIS PHILLIPS | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended September 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL HANNAH | PRESIDENT Highest-paid employee | 40 | $253,496 |
| ANN ALEXANDER | DIRECTOR Trustee or director, Officer | 4 | $0 |
| AMY CARTER | DIRECTOR Trustee or director | 4 | $0 |
| COLE CARDWELL | DIRECTOR Trustee or director | 4 | $0 |
| LARKIN KENNEDY | PAST CHAIR Trustee or director, Officer | 4 | $0 |
| RICHMOND ALEXANDER | DIRECTOR Trustee or director | 4 | $0 |
| DR MARY STEWART | DIRECTOR Trustee or director | 4 | $0 |
| KACEY BAILEY | DIRECTOR Trustee or director | 4 | $0 |
| JOHN ANDERSON | DIRECTOR Trustee or director | 4 | $0 |
| JORGE FRIAS | DIRECTOR Trustee or director | 4 | $0 |
| DAVID HALL | DIRECTOR Trustee or director | 4 | $0 |
| JIMMY COPELAND | DIRECTOR Trustee or director | 4 | $0 |
| MICHAEL VAN VECKOVEN | DIRECTOR Trustee or director | 4 | $0 |
| DONNIE MASSEY | DIRECTOR Trustee or director | 4 | $0 |
| JUSTIN MCDONALD | DIRECTOR Trustee or director | 4 | $0 |
| JEROME ROBERTS | DIRECTOR Trustee or director | 4 | $0 |
| WADE SIMS | DIRECTOR Trustee or director | 4 | $0 |
| DANIEL WILE | DIRECTOR Trustee or director | 4 | $0 |
| CAPT LUKE DAVIS | DIRECTOR Trustee or director | 4 | $0 |
| CHRIS PHILLIPS | DIRECTOR Trustee or director | 4 | $0 |
| DEBRA MATHIS | OFFICER Officer | 40 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL HANNAH | PRESIDENT Highest-paid employee | 40 | $246,528 |
| ANN ALEXANDER | DIRECTOR Trustee or director, Officer | 4 | $0 |
| JONATHAN BELL | TREASURER Trustee or director, Officer | 4 | $0 |
| COLE CARDWELL | DIRECTOR Trustee or director | 4 | $0 |
| LARKIN KENNEDY | DIRECTOR Trustee or director | 4 | $0 |
| RICHMOND ALEXANDER | DIRECTOR Trustee or director | 4 | $0 |
| ARCHIE MCDONNELL JR | PAST CHAIR Trustee or director, Officer | 4 | $0 |
| KACEY BAILEY | DIRECTOR Trustee or director | 4 | $0 |
| JOHN ANDERSON | DIRECTOR Trustee or director | 4 | $0 |
| JORGE FRIAS | DIRECTOR Trustee or director | 4 | $0 |
| DAVID HALL | DIRECTOR Trustee or director | 4 | $0 |
| JIMMY COPELAND | DIRECTOR Trustee or director | 4 | $0 |
| JOHN -MARK CAIN | PAST CHAIR Trustee or director | 4 | $0 |
| DONNIE MASSEY | DIRECTOR Trustee or director | 4 | $0 |
| JUSTIN MCDONALD | DIRECTOR Trustee or director | 4 | $0 |
| JEROME ROBERTS | DIRECTOR Trustee or director | 4 | $0 |
| WADE SIMS | DIRECTOR Trustee or director | 4 | $0 |
| DANIEL WILE | DIRECTOR Trustee or director | 4 | $0 |
| COL CYNTHIA SMITH | DIRECTOR Trustee or director | 4 | $0 |
| CHRIS PHILLIPS | DIRECTOR Trustee or director | 4 | $0 |
| DEBRA MATHIS | OFFICER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 200 22ND AVE, MERIDIAN, MS 39301-5849
- In care of
- % DEBBIE MATHIS
- Principal officer (990 for 2024)
- BILL HANNAH, 200 22ND AVENUE, MERIDIAN, MS 39301
- Signed the 990
- BILL HANNAH, PRESIDENT
- Phone
- (601) 693-1306
- Website
- EMBDC.ORG
- Return prepared by
- REA SHAW GIFFIN & STUART LLP
Mission
TO EMPOWER A DIVERSE LEADERSHIP CULTURE TO ACHIEVE ECONOMIC WEALTH THROUGH EXCELLENCE IN EDUCATION, NEW NVESTMENT, AND THE NURTURING OF EXISTING BUSINESS AND INDUSTRY.
Program accomplishments
- PROMOTION OF ECONOMIC DEVELOPMENT AND SERVICEExpenses $755,841
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 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 64-0811158
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1993
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99Z)
- Assets (IRS master file)
- $2,252,087
- Income (IRS master file)
- $1,456,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,404,004 | $1,298,438 | $2,252,087 | IRS |
| 990 | September 2024 | $764,464 | $884,233 | $2,250,413 | XML |
| 990 | September 2023 | $894,482 | $1,104,555 | $2,402,085 | XML |
| 990 | September 2022 | $820,650 | $857,212 | $2,643,777 | 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 64-0811158).
Questions about EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP
- What is the EIN of EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP?
- The employer identification number (EIN) of EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP is 64-0811158.
- Is EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Which annual return does EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP 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 EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP 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 EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP 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 EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 names BILL HANNAH.
- Who are the officers and directors of EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 lists 20 people; 2 received compensation from the organization, the highest $285,433 (BILL HANNAH, PRESIDENT).
- How much revenue does EAST MISSISSIPPI BUSINESS DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,404,004, expenses of $1,298,438 and total assets of $2,252,087 at year end.
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