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Nonprofit · EIN 62-1548236

MID-CUMBERLAND AREA DEVELOPMENT

Tax-exempt · NASHVILLE, TN 37228

Financials

$208K$361K2022$269K$358K2023$226K$1M2024
Revenue Expenses · by fiscal year end
Financials of MID-CUMBERLAND AREA DEVELOPMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$226,487$1,014,346-$787,859$543,651$78,099$465,552
September 30, 2024990$269,126$358,353-$89,227$1,590,771$337,360$1,253,411
September 30, 2023990$208,250$361,420-$153,170$1,670,290$327,652$1,342,638
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$181,491
Investment income
$44,457
Other revenue
$539

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$198
Occupancy
$32,211
Travel
$612
Program services (functional)
$972,242
Management and general (functional)
$42,104

Balance sheet and other

Total assets, start of year
$1,590,771
Total assets, end of year
$543,651
Total liabilities, end of year
$78,099
Net assets, end of year
$465,552
Net assets without donor restrictions
$465,552
Gross receipts
$226,487
Employees
0
Volunteers
0
Year formed
1982
State of legal domicile
TN

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.

NameTitleHours / weekCompensation
BRUCE CARTERIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0$0
COREY JOHNSDIRECTOR
Trustee or director
0$0
JEROME TERRELLSECRETARY/TREASURER
Trustee or director, Officer
0$0
KEL MCDOWELLDIRECTOR/VP
Trustee or director, Officer
0$0
LOUIS PARODIDIRECTOR
Trustee or director
0$0
MARK BEELERBOARD PRESIDENT
Trustee or director, Officer
0$0
NORMAN QUIRIONDIRECTOR
Trustee or director
0$0
SAM BANCROFTDIRECTOR
Trustee or director
0$0
SCOTT BAGWELLDIRECTOR
Trustee or director
0$0
990 for the year ended September 30, 2024: 10 people
NameTitleHours / weekCompensation
BRUCE CARTERIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0$0
COREY JOHNSDIRECTOR
Trustee or director
0$0
JEROME TERRELLSECRETARY/TREASURER
Trustee or director, Officer
0$0
KEL MCDOWELLDIRECTOR/VP
Trustee or director, Officer
0$0
LOUIS PARODIDIRECTOR
Trustee or director
0$0
MARK BEELERBOARD PRESIDENT
Trustee or director, Officer
0$0
NORMAN QUIRIONDIRECTOR
Trustee or director
0$0
PAUL STUMBDIRECTOR
Trustee or director
0$0
SAM BANCROFTDIRECTOR
Trustee or director
0$0
SCOTT BAGWELLDIRECTOR
Trustee or director
0$0
990 for the year ended September 30, 2023: 15 people
NameTitleHours / weekCompensation
BRUCE CARTERDIRECTOR
Trustee or director
0$0
COREY JOHNSDIRECTOR
Trustee or director
0$0
CRAIG MORELANDDIRECTOR
Trustee or director
0$0
DANA PULLEYDIRECTOR
Trustee or director
0$0
JEROME TERRELLSECRETARY/TREASURER
Trustee or director, Officer
0$0
KEL MCDOWELLDIRECTOR
Trustee or director
0$0
KIRK GARRETTDIRECTOR
Trustee or director
0$0
LOUIS PARODIDIRECTOR
Trustee or director
0$0
MARK BEELERBOARD PRESIDENT
Trustee or director, Officer
0$0
NORMAN QUIRIONDIRECTOR
Trustee or director
0$0
PAUL STUMBDIRECTOR
Trustee or director
0$0
SAM BANCROFTDIRECTOR
Trustee or director
0$0
SCOTT BAGWELLVICE PRESIDENT
Trustee or director, Officer
0$0
TED MOOREDIRECTOR
Trustee or director
0$0
WILL SANDERSDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
44 VANTAGE WAY STE 450, NASHVILLE, TN 37228-1557
In care of
% GAYLE WILSON
Principal officer (990 for 2024)
MARK BEELER, 44 VANTAGE WAY SUITE 450, NASHVILLE, TN 37228
Signed the 990
MARK BEELER, BOARD PRESIDENT
Phone
(615) 862-8828
Return prepared by
CROSSLIN PLLC

Mission

MADC IS SPECIFICALLY ORGANIZED TO ENGAGE IN AND ENCOURAGE, ASSIST AND PROMOTE INDUSTRIAL AND COMMERCIAL DEVELOPMENT, SMALL BUSINESS DEVELOPMENT AND JOB CREATION IN THE GREATER NASHVILLE REGION IN TENNESSEE.

990 for the year ended September 30, 2025

Program accomplishments

  • THE CORPORATION IS RESPONSIBLE FOR ADMINISTRATION OF SMALL BUSINESS LOANS THROUGH THE ORGANIZATION'S CAPITAL LOAN PROGRAM (CLP) AND FOR PACKAGING AND SERVICING CERTAIN SMALL BUSINESS ADMINISTRATION (SBA) LOANS AS A CERTIFIED DEVELOPMENT COMPANY (CDC).
    Expenses $972,242 · revenue $182,030

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 yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
62-1548236
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1995
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$543,651
Income (IRS master file)
$226,487

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$226,487$1,014,346$543,651XML
990September 2024$269,126$358,353$1,590,771XML
990September 2023$208,250$361,420$1,670,290XML
990September 2022$133,142$235,959$1,824,407IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 62-1548236).

Questions about MID-CUMBERLAND AREA DEVELOPMENT

What is the EIN of MID-CUMBERLAND AREA DEVELOPMENT?
The employer identification number (EIN) of MID-CUMBERLAND AREA DEVELOPMENT is 62-1548236.
Is MID-CUMBERLAND AREA DEVELOPMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1995.
Are donations to MID-CUMBERLAND AREA DEVELOPMENT tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MID-CUMBERLAND AREA DEVELOPMENT 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 MID-CUMBERLAND AREA DEVELOPMENT 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 MID-CUMBERLAND AREA DEVELOPMENT 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 MID-CUMBERLAND AREA DEVELOPMENT?
The 990 for the year ended September 30, 2025 names MARK BEELER.
Who are the officers and directors of MID-CUMBERLAND AREA DEVELOPMENT?
The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does MID-CUMBERLAND AREA DEVELOPMENT have?
On its 990 for the year ended September 30, 2025 it reported revenue of $226,487, expenses of $1,014,346 and total assets of $543,651 at year end.

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