SUWANNEE RIVER ECONOMIC COUNCIL INC Charity Report

Public IRS 990 nonprofit record

SUWANNEE RIVER ECONOMIC COUNCIL INC

EIN 59-1101989 · Education (B)

What they do

to FURTHER THE EDUCATIONAL, HOUSING, TRANSPORTATION, ECONOMIC and SOCIAL DEVELOPMENT of THE CITIZENS of FLORIDA PRIMARILY WITHIN THE TEN COUNTIES SERVED BY THE SUWANNEE RIVER ECONOMIC COUNCIL, INC. THESE COUNTIES ARE BRADFORD, COLUMBIA, DIXIE, GILCHRIST, HAMILTON, LAFAYETTE, MADISON, SUWANNEE, TAYLOR and UNION. THIS INCLUDES:1. ADMINISTERING THE PROGRAMS of THE FLORIDA DEPARTMENT of ECONOMIC OPPORTUNITY and OTHER APPROPRIATE AGENCIES IN THE PRIMARILY AFOREMENTIONED TEN COUNTY AREA.2. WORKING WITH THE THREE SIGNIFICANT GROUPS IN THE COMMUNITY; THAT IS, THE POOR, THE PUBLIC SECTOR and THE PRIVATE SECTOR, to SEEK OUT, IDENTIFY and ELIMINATE THE CAUSE of POVERTY WITHIN THE COMMUNITY.3. MAKING THE ENTIRE COMMUNITY MORE RESPONSIVE to THE NEEDS and INTERESTS of THE POOR BY MOBILIZING AVAILABLE RESOURCES.4. PLANNING and DEVELOPING A SYSTEM of PRIORITIES AMONG PROJECTS, ACTIVITIES and AREAS AS NEEDED for THE MOST EFFECTIVE and EFFICIENT USES of RESOURCES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.76%of revenue went to mission work86.9% of expenses · Program services

$98.71spent for every $100 of revenueRevenue covered expenses this year.

12.95%of revenue went to management and office costs13.1% of expenses

$1.11in assets for every $1 spent this yearSome assets cannot be spent right away.

76.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $173,408 for MATTHEW PEARSON (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,905,292

Mission workProgram services$9,352,44885.76% of revenue86.9% of expenses

ManagementOffice and general costs$1,412,23012.95% of revenue13.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$140,6141.29% of revenueShown in gray on the chart

Total expenses$10,764,67898.71% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.9% mission · 13.1% management · 0.0% fundraisingTotal expenses: 98.71% of revenue

2023Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 99.36% of revenue

2022Expense mix: 87.7% mission · 12.3% management · 0.0% fundraisingTotal expenses: 97.33% of revenue

2021Expense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 95.83% of revenue

2020Expense mix: 86.6% mission · 13.4% management · 0.0% fundraisingTotal expenses: 86.45% of revenue

2019Expense mix: 87.7% mission · 12.3% management · 0.0% fundraisingTotal expenses: 86.24% of revenue

2018Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 96.20% of revenue

2017Expense mix: 87.2% mission · 12.8% management · 0.0% fundraisingTotal expenses: 97.26% of revenue

Money in and money out

Revenue$10,905,292

Expenses$10,764,678

Annual surplus $140,614 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,352,448 · 86.9% of expenses

Management and office costs$1,412,230 · 13.1% of expenses

See all reported dollar amounts

Revenue$10,905,292

Expenses$10,764,678

Assets$11,981,688

Income$10,905,292

Contributions$8,312,397

Mission work (program services)$9,352,448

Management and general$1,412,230

Accounting fees$55,899

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATTHEW PEARSONEXECUTIVE DIRECTOR · 40 hrs/week $173,408Base $140,749 · Other $32,659

BARBARA HAMRICDIRECTOR OF FINANCE · 40 hrs/week $141,455Base $115,044 · Other $26,411

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

MATTHEW PEARSONEXECUTIVE DIRECTOR

BARBARA HAMRICDIRECTOR OF FINANCE

JANICE JOHNSONBOARD MEMBER

WILLIE CROFTBOARD MEMBER, UNTIL 3/2025

TOMMY LANGFORDBOARD MEMBER

THOMAS DEMPSBOARD MEMBER

ROBBY ROBERSONBOARD MEMBER

ROBBY HOLLINGSWORTHBOARD MEMBER

RICKY LYONSTREASURER

RICK DAVISBOARD MEMBER, AS OF 3/2025

RICHARD TILLISBOARD MEMBER, UNTIL 9/2025

RENEE DEMPSBOARD MEMBER

OLEATHA HARRISSECRETARY

KRISTY ANDERSONBOARD MEMBER, UNTIL 9/2025

KAREN COSSEYPRESIDENT

JIMMY WITTBOARD MEMBER

ADRIENNE SOUTHALLBOARD MEMBER

JAMIE STOREYBOARD MEMBER

JACK FLOWERSBOARD MEMBER

HEATHER MOSLEYBOARD MEMBER, AS OF 9/2025

FRANKLIN WHITEBOARD MEMBER

FRANCES WILLIAMSBOARD MEMBER

ELOUISE GREENBOARD MEMBER

DIANE HEADVICE PRESIDENT

CHRISTY KEENBOARD MEMBER

BRIAN WILLIAMSBOARD MEMBER, UNTIL 3/2025

BARBARA JO HEWITTBOARD MEMBER

BARBARA DANIELSBOARD MEMBER

ANGELIA HOPKINSBOARD MEMBER, UNTIL 3/2025

ALTON WILLIAMSBOARD MEMBER

About this charity

Recognized since: January 1966
Location: PO BOX 70, LIVE OAK, FL 32064-0070
County: Suwannee
In care of: MATTHEW PEARSON
Primary officer: MATTHEW PEARSON, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailclientservices@suwanneeec.net Phone(386) 362-4115

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: JAMES MOORE & CO PL
NTEE classification: Education (B)
IRS tax category: Education