Small Public Charity

East Mississippi Business Development Foundation

East Mississippi Business Development Foundation is a nonprofit organization categorized as Small Public Charity based in Meridian, MS. Its most recent IRS filing (2025) reports revenue of $128K, expenses of $92K, total assets of $155K.

EIN: 200178999 Meridian, MS Rural Economic Development NTEE: S32 Latest filing: 2025
Total Revenue$128K
Total Expenses$92K
Total Assets$155K
Grant Records0
Filing Years2020–2025

Mission

TO PROVIDE ECONOMIC DEVELOPMENT SERVICES IN THE CITY OF MERIDIAN AND LAUDERDALE COUNTY. THE FOUNDATION'S PRIMARY OBJECTIVE IS THE PROMOTE REDEVELOPMENT AND NEW DEVELOPMENT OF THE DOWNTOWN AND RURAL COUNTY AREAS AND TO COMBAT THE OVERALL COMMUNITY DETERIORATION OF THESE AREAS.

Where $100 goes at East Mississippi Business Development Foundation

How East Mississippi Business Development Foundation divides every $100 it spends, from its own Form 990-EZ filings, averaged across 8 years.

$91 Programs the work itself
$9 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $91 for programs

$91
Promotion of redevelopment and new development of the downtown of the city of Meridian and rural areas of lauderdale county and combat the overall community deterioration of these…
All program spending
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Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Becky Farley
DIRECTOR Brad Huff
DIRECTOR Brandye Latimer
VICE-CHAIRMAN Fred Wile
DIRECTOR John Morgan Mims
DIRECTOR Katie Coleman

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $128K $92K $155K
2024 $92K $108K $119K
2023 $89K $96K $136K
2022 $88K $94K $142K
2020 $156K $164K $144K

Between 2020 and 2025, reported annual revenue declined from $156K to $128K (-18%), with total assets most recently reported at $155K.

Interactive year-over-year charts and full filing details available with membership.

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