JACKSON COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 640838516 501(c)(3) Community Improvement

PASCAGOULA, MS

Total Revenue
$2,067,099
Total Expenses
$2,021,665
Total Assets
$4,807,913
Net Assets
$3,572,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MS
Principal Officer
GEORGE L FREELAND JR
Phone
2287696263
Tax Period
2023-10-01 to 2024-09-30

JACKSON COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

IMPROVING THE ECONOMIC DEVELOPMENT OPPORTUNITIES OF JACKSON COUNTY, MISSISSIPPI BY UNIFYING PLANNING, ECONOMIC & INDUSTRIAL DEVELOPMENT, AND MARKETING ACTIVITIES IN THE COUNTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,018,214
Program Service Revenue $0
Investment Income $48,885
Other Revenue $0
TOTAL REVENUE $2,067,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $817,289
Fundraising Expenses $0
Program Expenses $1,848,018
Other Expenses $1,204,376
TOTAL EXPENSES $2,021,665

Year-over-Year Comparison

2023 2022 Change
Revenue $2,067,099 $2,216,334 -0.1%
Expenses $2,021,665 $1,843,277 +0.1%
Net Income $45,434 $373,057 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
13
$0
Key Employees
2
$659,316
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE L FREELAND JR CEO 50.00
Key Emp
$397,932 $14,587 $412,519
MARY MARTHA HENSON DEPUTY DIREC 50.00
Key Emp
$238,193 $8,604 $246,797
JIMMY HEIDELBERG BOARD MEMBER 3.00
Director
$0 $0 $0
KENNY HOLLOWAY BOARD MEMBER 3.00
Director
$0 $0 $0
BRIAN HUGHEY BOARD MEMBER 3.00
Director
$0 $0 $0
BILLY KNIGHT BOARD MEMBER 3.00
Director
$0 $0 $0
BENNY LASSITER BOARD MEMBER 3.00
Director
$0 $0 $0
TIM POTTER BOARD MEMBER 3.00
Director
$0 $0 $0
TROY ROSS BOARD MEMBER 3.00
Director
$0 $0 $0
CYNTHIA STRUNK BOARD MEMBER 3.00
Director
$0 $0 $0
KEN TAYLOR BOARD MEMBER 3.00
Director
$0 $0 $0
HANK TORJESON BOARD MEMBER 3.00
Director
$0 $0 $0
CASEY VAUGHAN BOARD MEMBER 3.00
Director
$0 $0 $0
KARI WILKINSON BOARD MEMBER 3.00
Director
$0 $0 $0
JAY WILLIS BOARD MEMBER 3.00
Director
$0 $0 $0
GREG CRONIN SECRETARY/TR 4.00
Officer
$0 $0 $0
ROYCE CUMBEST CHAIRMAN 3.00
Officer
$0 $0 $0
JERRY STPE' VICE CHARIMA 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,067,099 $2,021,665 $4,807,913 $45,434
2023 $2,216,334 $1,843,277 $4,179,183 $373,057
2022 $2,227,109 $2,729,742 $3,825,071 $-502,633
2021 $1,167,595 $1,479,591 $3,810,649 $-311,996
2020 $1,141,126 $1,433,926 $4,080,202 $-292,800
2019 $1,531,999 $1,676,705 $4,458,426 $-144,706
2018 $2,772,948 $1,451,810 $4,551,237 $1,321,138
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