Nonprofit · EIN 58-6075177
SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC
Tax-exempt · FAYETTEVILLE, GA 30214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,356,802 | $1,366,025 | -$9,223 | $721,810 | $374,684 | $347,126 |
| December 31, 2023 | 990 | $904,536 | $874,859 | $29,677 | $573,366 | $217,017 | $356,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $267,144
- Membership dues
- $267,144
- Program service revenue
- $1,060,882
- Investment income
- $17,038
- Other revenue
- $11,738
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $159,983
- Other salaries and wages
- $113,474
- Salaries, compensation and benefits (total)
- $349,088
- Professional fundraising fees
- $0
- Accounting fees
- $6,845
- Occupancy
- $5,454
- Travel
- $60,642
- Depreciation
- $3,859
- Program services (functional)
- $906,063
- Management and general (functional)
- $459,962
Balance sheet and other
- Total assets, start of year
- $573,366
- Total assets, end of year
- $721,810
- Total liabilities, end of year
- $374,684
- Net assets, end of year
- $347,126
- Land, buildings and equipment
- $105,794
- Net assets without donor restrictions
- $347,126
- Gross receipts
- $1,356,802
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- GA
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 |
|---|---|---|---|
| MATTHEW TACKETT | PRESIDENT Trustee or director, Officer | 40 | $159,983 |
| JOE HINES | SECRETARY / TREASURER Trustee or director | 1 | $0 |
| SCOTT POAG | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| BRIAN GWIN | CHAIRMAN Trustee or director | 1 | $0 |
| JANA DYKE | FIRST VICE CHAIRMAN Trustee or director | 1 | $0 |
| RICHARD BLACKWELL | SOUTHEAST REGIONAL DIRECTO Trustee or director | 1 | $0 |
| COURTLAND ROBINSON | MID-ATLANTIC REGIONAL DIRE Trustee or director | 1 | $0 |
| CHRIS MASINGILL | WESTERN REGIONAL DIRECTOR Trustee or director | 1 | $0 |
| TIM WESTON | SECOND VICE CHAIRMAN Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW TACKETT | PRESIDENT Trustee or director, Officer | 40 | $145,750 |
| JOE HINES | SECRETARY / TREASURER Trustee or director | 1 | $0 |
| SCOTT POAG | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| BRIAN GWIN | CHAIRMAN Trustee or director | 1 | $0 |
| JANA DYKE | FIRST VICE CHAIRMAN Trustee or director | 1 | $0 |
| RICHARD BLACKWELL | SOUTHEAST REGIONAL DIRECTO Trustee or director | 1 | $0 |
| COURTLAND ROBINSON | MID-ATLANTIC REGIONAL DIRE Trustee or director | 1 | $0 |
| CHRIS MASINGILL | WESTERN REGIONAL DIRECTOR Trustee or director | 1 | $0 |
| TIM WESTON | SECOND VICE CHAIRMAN Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 250 GEORGIA AVE E UNIT 100, FAYETTEVILLE, GA 30214-5501
- In care of
- % GENE STINSON
- Principal officer (990 for 2024)
- MATTHEW TACKETT, 250 GEORGIA AVE E 100, FAYETTEVILLE, GA 30214
- Signed the 990
- MATTHEW TACKETT, PRESIDENT
- Phone
- (404) 523-3030
- Website
- WWW.SEDC.ORG
- Return prepared by
- KELLEY SAMMONS TOOLE & ELLISON LLP
Mission
PURSUE HIGH PERSONAL AND PROFESSIONAL STANDARDS TO ENHANCE THE IMAGE OF THE ECONOMIC DEVELOPMENT PROCESS. 2) PROVIDE PROFESSIONAL SERVICE AND EDUCATIONAL OPPORTUNITIES TO DEVELOP AND IMPROVE MEMBER SKILLS. 3) IMPROVE QUALITY OF LIFE OF CITIZENS OF REGION THROUGH IMPLEMENTATION, CREATION & RETENTION OF QUALITY EMPLOYMENT OPPORTUNITIES.
Program accomplishments
- REGISTRANTS ATTENDED VARIOUS ECONOMIC DEVELOPMENT CONFERENCES AND MEMBER ORIENTED EVENTS & SEMINARSExpenses $906,063
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
- 58-6075177
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $721,810
- Income (IRS master file)
- $1,356,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,356,802 | $1,366,025 | $721,810 | XML |
| 990 | December 2023 | $904,536 | $874,859 | $573,366 | XML |
| 990 | December 2022 | $654,083 | $619,836 | $540,511 | 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 58-6075177).
Questions about SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC
- What is the EIN of SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC is 58-6075177.
- Is SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1968.
- Are donations to SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC 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 SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC 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 SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC 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 SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 names MATTHEW TACKETT.
- Who are the officers and directors of SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $159,983 (MATTHEW TACKETT, PRESIDENT).
- How much revenue does SOUTHERN ECONOMIC DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,356,802, expenses of $1,366,025 and total assets of $721,810 at year end.
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