DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL INC Charity Report

Public IRS 990 nonprofit record

DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL INC

EIN 64-0616656 · Homeowners & Tenants Associations (L50)

What they do

DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCILS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 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 leaders41 people are listed in the latest report.

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

Money made simple

3.48%of revenue went to fundraising3.9% of expenses

$89.92spent for every $100 of revenueRevenue covered expenses this year.

23.27%of revenue went to management and office costs25.9% of expenses

$0.85in assets for every $1 spent this yearSome assets cannot be spent right away.

77.8%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 $361,013 for JAMES B FLANAGAN (EXECUTIVE DI). 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$1,089,408

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$253,53623.27% of revenue25.9% of expenses

FundraisingAsking for donations$37,9193.48% of revenue3.9% of expenses

Revenue left after expensesReported annual surplus$109,79510.08% of revenueShown in gray on the chart

Total expenses$979,61389.92% 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: 0.0% mission · 25.9% management · 3.9% fundraisingTotal expenses: 89.92% of revenue

2023Expense mix: 0.0% mission · 25.2% management · 4.2% fundraisingTotal expenses: 95.70% of revenue

2022Expense mix: 0.0% mission · 13.7% management · 3.4% fundraisingTotal expenses: 116.44% of revenue

2021Expense mix: 0.0% mission · 19.1% management · 4.6% fundraisingTotal expenses: 85.21% of revenue

2020Expense mix: 0.0% mission · 18.7% management · 4.5% fundraisingTotal expenses: 67.10% of revenue

2019Expense mix: 0.0% mission · 16.7% management · 4.2% fundraisingTotal expenses: 87.14% of revenue

2018Expense mix: 0.0% mission · 16.5% management · 4.1% fundraisingTotal expenses: 107.88% of revenue

2017Expense mix: 80.1% mission · 15.9% management · 4.0% fundraisingTotal expenses: 106.97% of revenue

Money in and money out

Revenue$1,089,408

Expenses$979,613

Annual surplus $109,795 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.

Management and office costs$253,536 · 25.9% of expenses

Fundraising$37,919 · 3.9% of expenses

See all reported dollar amounts

Revenue$1,089,408

Expenses$979,613

Assets$834,719

Income$1,089,408

Contributions$847,018

Fundraising$37,919

Management and general$253,536

Accounting fees$9,086

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

JAMES B FLANAGANEXECUTIVE DI · 40 hrs/week $361,013Base $343,822 · Other $17,191

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 (41)

JAMES B FLANAGANEXECUTIVE DI

SCOTT FELSENTHALBOARD MEMBER

KEVIN DODDRIDGEBOARD MEMBER

LEE CALDWELLEX BOARD MEM

MATT KELSOBOARD MEMBER

NICKY GOODSONBOARD MEMBER

PATRICIA COATSBOARD MEMBER

REGGIE DURHAMBOARD MEMBER

RHODES THOMPSONTREASURER

RITCHIE HAMPTONBOARD MEMBER

RUSS SNEEDBOARD MEMBER

KEN ADAMSEX BOARD MEM

SHAD SIMSBOARD MEMBER

SHANE CRAINBOARD MEMBER

SHAWN CLAYTONBOARD MEMBER

SONNET BOOTHBOARD MEMBER

TANYA CREHANBOARD MEMBER

TOM ALLMONBOARD MEMBER

TRISH SPALDINGBOARD MEMBER

VANESSA LYNCHARDEX BOARD MEM

WAYNE SPELLBOARD MEMBER

DAVID BAKERBOARD MEMBER

BOBBIE ESPITIASECRETARY

BRAD GRISSONBOARD MEMBER

CALVIN JONESBOARD MEMBER

CHAD PAYTONEX-OFFICIO B

CHIP JOHNSONEX-OFFICIO B

CORY USELTONEX BOARD MEM

DANE CHAMBERLINBOARD MEMBER

DANNY SANDERSBOARD MEMBER

DARREN MUSSELWHITEEX BOARD MEM

KEN IBSENBOARD MEMBER

DAVY HUNTBOARD MEMBER

DIEGO LEJWAPAST CHAIRMA

DR MICHAEL HEINDLEX BOARD MEM

DWAYNE NAPPERBOARD MEMBER

JAY GOSSBOARD MEMBER

JOHN RAYBOARD MEMBER

JON STEVENSONBOARD MEMBER

KEIDRON HENDERSONEX BOARD MEM

ALLEN LATIMEREX BOARD MEM

About this charity

Recognized since: January 1994
Location: 4716 PEPPER CHASE DRIVE, SOUTHAVEN, MS 38671
County: DeSoto
In care of: JAMES B FLANAGAN
Primary officer: JAMES B FLANAGAN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@desotocounty.com Phone(662) 429-4414

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WILLIAMS PITTS & BEARD PLLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations