Nonprofit · EIN 64-0256085
COMMUNITY DEVELOPMENT FOUNDATION
Tax-exempt · TUPELO, MS 38804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $8,339,470 | $7,333,085 | $1,006,385 | $30,104,690 | $8,718,840 | $21,385,850 |
| April 30, 2024 | 990 | $5,308,017 | $5,899,295 | -$591,278 | $30,722,007 | $10,546,516 | $20,175,491 |
| April 30, 2023 | 990 | $6,225,081 | $5,323,522 | $901,559 | $32,296,990 | $11,530,221 | $20,766,769 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $2,658,665
- of which government grants
- $1,650,271
- Membership dues
- $1,008,394
- Program service revenue
- $2,795,345
- Investment income
- $21,052
- Other revenue
- $2,864,408
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,228,094
- Salaries, compensation and benefits (total)
- $4,277,152
- Professional fundraising fees
- $0
- Legal fees
- $236,734
- Travel
- $174,000
- Depreciation
- $688,196
Balance sheet and other
- Total assets, start of year
- $30,722,007
- Total assets, end of year
- $30,104,690
- Total liabilities, end of year
- $8,718,840
- Net assets, end of year
- $21,385,850
- Land, buildings and equipment
- $22,731,216
- Publicly traded securities
- $1,846,743
- Net assets without donor restrictions
- $16,917,296
- Net assets with donor restrictions
- $4,468,554
- Gross unrelated business income
- $2,935,460
- Gross receipts
- $8,339,470
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- MS
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID RIMBARGER | PRESIDENT/CEO Key employee | 40 | $886,148 |
| SHANE HOMAN | COO Key employee | 40 | $394,731 |
| MATT MCCARTY | CFO Key employee | 40 | $388,067 |
| JON MILSTEAD | VP OF PLANNING AND PROPERTY DEVELOPMENT Key employee | 40 | $307,857 |
| JUDD WILSON | VP OF CHAMBER OF COMMERCE Key employee | 40 | $155,781 |
| ASHLEY ELKINS | MEMBER Trustee or director | 1 | $0 |
| BEV CROSSEN | MEMBER Trustee or director | 1 | $0 |
| BRENT WALDROP | MEMBER Trustee or director | 1 | $0 |
| BRAIN RIGBY | MEMBER Trustee or director | 1 | $0 |
| CHARLIE KINNEY | CHAIRMAN Trustee or director | 1 | $0 |
| CHRIS BAGLEY | PAST CHAIRMAN Trustee or director | 1 | $0 |
| GEOFF CARTER | MEMBER Trustee or director | 1 | $0 |
| JOSH WEST | MEMBER Trustee or director | 1 | $0 |
| KEVIN CHAPMAN | MEMBER Trustee or director | 1 | $0 |
| KIM CRUMBIE | MEMBER Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT SHETTLES | CHAIR-ELECT Trustee or director | 1 | $0 |
| NORRIS GIZZARD | MEMBER Trustee or director | 1 | $0 |
| SHARON NOBLES | MEMBER Trustee or director | 1 | $0 |
| SKIPPER HOLLIMAN | MEMBER Trustee or director | 1 | $0 |
| TOLLIE WHITE | MEMBER Trustee or director | 1 | $0 |
| WESLEY WEBB | SUPERVISORS MEMBER Trustee or director | 1 | $0 |
990 for the year ended April 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANE SPEES | PAST CHAIRMAN Trustee or director | 0 | $0 |
| KIM CARON | CHAIRMAN Trustee or director | 0 | $0 |
| CHRIS BAGLEY | CHAIRMAN ELECT Trustee or director | 0 | $0 |
| DAVID RIMBARGER | PRES./CEO Trustee or director | 40 | $0 |
| PHIL MORGAN | EX OFFICIO Trustee or director | 0 | $0 |
| AARON WASHINGTON | MEMBER Trustee or director | 0 | $0 |
| BEV CROSSEN | MEMBER Trustee or director | 0 | $0 |
| KEVIN CHAPMAN | MEMBER Trustee or director | 0 | $0 |
| KURT SHETTLES | MEMBER Trustee or director | 0 | $0 |
| EMILY LAUDER | MEMBER Trustee or director | 0 | $0 |
| BERNARD BEAN | MEMBER Trustee or director | 0 | $0 |
| BRIAN RIGBY | MEMBER Trustee or director | 0 | $0 |
| CHARLIE KINNEY | MEMBER Trustee or director | 0 | $0 |
| SHARON NOBLES | MEMBER Trustee or director | 0 | $0 |
| SKIPPER HOLLIMAN | MEMBER Trustee or director | 0 | $0 |
| NORRIS GRIZZARD | MEMBER Trustee or director | 0 | $0 |
| JOSH WEST | MEMBER Trustee or director | 0 | $0 |
990 for the year ended April 30, 2023: 61 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AUBREY PATTERSON | DIRECTOR Trustee or director | 0 | $0 |
| BARRY SMITH | 1ST VICE CHAIR Trustee or director, Officer | 0 | $0 |
| BO CALHOUN | DIRECTOR Trustee or director | 0 | $0 |
| BOB KERLEY | DIRECTOR Trustee or director | 0 | $0 |
| BRYAN HAWKINS | DIRECTOR Trustee or director | 0 | $0 |
| BUDDY PALMER | DIRECTOR Trustee or director | 0 | $0 |
| BUDDY STUBBS | DIRECTOR Trustee or director | 0 | $0 |
| BUZZY MIZE | DIRECTOR Trustee or director | 0 | $0 |
| CHAUNCEY GODWIN | DIRECTOR Trustee or director | 0 | $0 |
| CHRIS BAGLEY | DIRECTOR Trustee or director | 0 | $0 |
| CLAY FOSTER | CHAIRMAN Trustee or director | 0 | $0 |
| COLIN MALONEY | DIRECTOR Trustee or director | 0 | $0 |
| DAVID COPENHAVER | DIRECTOR Trustee or director | 0 | $0 |
| DAVID IRWIN | DIRECTOR Trustee or director | 0 | $0 |
| DAVID RUMBARGER | SECRETARY/TREASURER, CEO Trustee or director, Officer | 40 | $0 |
| DEREK MARKLEY | DIRECTOR Trustee or director | 0 | $0 |
| DOUG HANBY | DIRECTOR Trustee or director | 0 | $0 |
| EDDIE RICHEY | DIRECTOR Trustee or director | 0 | $0 |
| EMILY LEONARD | DIRECTOR Trustee or director | 0 | $0 |
| FRED COOK | DIRECTOR Trustee or director | 0 | $0 |
| GARY CARNATHAN | DIRECTOR Trustee or director | 0 | $0 |
| GARY SPARKMAN | DIRECTOR Trustee or director | 0 | $0 |
| GEARL LODEN | DIRECTOR Trustee or director | 0 | $0 |
| GRACE CLARK | DIRECTOR Trustee or director | 0 | $0 |
| GREG PIRKLE | DIRECTOR Trustee or director | 0 | $0 |
| GUY MITCHELL | DIRECTOR Trustee or director | 0 | $0 |
| JACK REED | DIRECTOR Trustee or director | 0 | $0 |
| JANE SPAIN | DIRECTOR Trustee or director | 0 | $0 |
| JASON SHELTON | DIRECTOR Trustee or director | 0 | $0 |
| JASON WARREN | DIRECTOR Trustee or director | 0 | $0 |
| JAY DEY | DIRECTOR Trustee or director | 0 | $0 |
| JEFF SNYDER | DIRECTOR Trustee or director | 0 | $0 |
| JERRY MAXCY | DIRECTOR Trustee or director | 0 | $0 |
| JIMMY WEEKS | DIRECTOR Trustee or director | 0 | $0 |
| JOE ESTESS | DIRECTOR Trustee or director | 0 | $0 |
| JULIANNE GOODWIN | DIRECTOR Trustee or director | 0 | $0 |
| KIM CARON | DIRECTOR Trustee or director | 0 | $0 |
| LISA HAWKINS | 1ST VICE CHAIR Trustee or director, Officer | 0 | $0 |
| MABEL MURPHREE | DIRECTOR Trustee or director | 0 | $0 |
| MELINDA TIDWELL | DIRECTOR Trustee or director | 0 | $0 |
| MIKE ARMOUR | DIRECTOR Trustee or director | 0 | $0 |
| MIKE EATON | DIRECTOR Trustee or director | 0 | $0 |
| MIKE ROBINSON | DIRECTOR Trustee or director | 0 | $0 |
| MIKE CLAYBORNE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT HAGGERTY | DIRECTOR Trustee or director | 0 | $0 |
| ROBIN MCGRAW | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT COCHRAN | 2ND VICE CHAIR Trustee or director, Officer | 0 | $0 |
| SCOTT REED | DIRECTOR Trustee or director | 0 | $0 |
| SEAN SUGGS | DIRECTOR Trustee or director | 0 | $0 |
| SHANE SPEES | DIRECTOR Trustee or director | 0 | $0 |
| SKIPPER HOLLIMAN | DIRECTOR Trustee or director | 0 | $0 |
| TED MOLL | DIRECTOR Trustee or director | 0 | $0 |
| TOLLIE WHITE | DIRECTOR Trustee or director | 0 | $0 |
| TOMMIE LEE IVY | DIRECTOR Trustee or director | 0 | $0 |
| TY ROBINSON | DIRECTOR Trustee or director | 0 | $0 |
| V M CLEVELAND | DIRECTOR Trustee or director | 0 | $0 |
| ZELL LONG | DIRECTOR Trustee or director | 0 | $0 |
| V M CLEVELAND | DIRECTOR Trustee or director | 0 | $0 |
| WESLEY JONES | DIRECTOR Trustee or director | 0 | $0 |
| ZELL LONG | DIRECTOR Trustee or director | 0 | $0 |
| SAM PACE | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 398 E MAIN ST, TUPELO, MS 38804-4026
- In care of
- % MATT MCCARTY
- Principal officer (990 for 2024)
- DAVID RUMBARGER, 398 EAST MAIN STREET, TUPELO, MS 38804
- Signed the 990
- MATT MCCARTY, CFO
- Phone
- (662) 842-4521
- Website
- WWW.CDFMS.ORG
- Return prepared by
- WATKINS UIBERALL PLLC
Mission
THE ORGANIZATION'S MISSION IS TO DIVERSIFY AND STREGTHEN OUR ECONOMIC MIX THROUGH BUSINESS RETENTION, EXPANSION, AND ATTRACTION. IMPROVE OUR HUMAN CAPITAL THROUGH WORKFORCE SKILLS, AND LEADERSHIP TRAINING. IMPROVE OUR COMMUNICATIONS WITH EXISTING BUSINESSES, LOCAL, STATE AND FEDERAL GOVERNMENTS. FOSTER SMALL BUSINESS AND ENTREPRENEUR DEVELOPMENT. AND TO ENHANCE THE BUSINESS CLIMATE AND QUALITY OF LIFE THROUGH PLANNING, PUBLIC POLICY, AND STRONG PARTNERSHIPS.
Program accomplishments
- THE PLANNING AND PROPERTY MANAGEMENT PROGRAM AIMS TO EMPOWER AND RAISE THE STANDARD OF PUBLIC COMMUNICATION AND PARTNERSHIP FOR REGIONAL PROGRESS. THIS PROGRAM OF WORK AND ITS ELEMENTS IS CREATED TO ADDRESS THE LEE COUNTY NEEDS WHILE BROADENING THE REGIONS DEVELOPMENT EFFORTS.
- THE LEE COUNTY CHAMBER OF COMMERCE ENHANCES COMMUNITY EDUCATION AND THE BUSINESS ENVIRONMENT IN LEE COUNTY.
- THE ECONOMIC DEVELOPMENT/FUTURE FOCUS IS A MEANS TO BRING VIBRANT WORKFORCE AND TRAINING TO LEE COUNTY BY RECRUITMENT, RETENTION, AND WORKFORCE TRAINING OF EXISTING AND FUTURE INDUSTRIES.
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 64-0256085
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,104,690
- Income (IRS master file)
- $8,339,470
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $8,339,470 | $7,333,085 | $30,104,690 | XML |
| 990 | April 2024 | $5,308,017 | $5,899,295 | $30,722,007 | XML |
| 990 | April 2023 | $6,225,081 | $5,323,522 | $32,296,990 | XML |
| 990 | April 2022 | $9,486,414 | $5,256,100 | $26,378,062 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 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 64-0256085).
Questions about COMMUNITY DEVELOPMENT FOUNDATION
- What is the EIN of COMMUNITY DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of COMMUNITY DEVELOPMENT FOUNDATION is 64-0256085.
- Is COMMUNITY DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1950.
- Are donations to COMMUNITY DEVELOPMENT FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMUNITY DEVELOPMENT FOUNDATION 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 COMMUNITY DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of COMMUNITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended April 30, 2025 names DAVID RUMBARGER.
- Who are the officers and directors of COMMUNITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended April 30, 2025 lists 21 people; 5 received compensation from the organization, the highest $886,148 (DAVID RIMBARGER, PRESIDENT/CEO).
- How much revenue does COMMUNITY DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $8,339,470, expenses of $7,333,085 and total assets of $30,104,690 at year end.
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