Public Charity

COMMUNITY DEVELOPMENT FOUNDATION

Based in TUPELO, MS, COMMUNITY DEVELOPMENT FOUNDATION operates as a Public Charity. The organization reported $8.3M in revenue, $7.3M in expenses, $30.1M in total assets for fiscal year 2025. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $45K.

EIN: 640256085 TUPELO, MS Latest filing: 2025
Total Revenue$8.3M
Total Expenses$7.3M
Total Assets$30.1M
Grant Records3
Funding Total$45K
Filing Years2021–2025

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.

Where $100 goes at Community Development Foundation

How Community Development Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$74 Programs the work itself
$26 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $74 for programs

$25
The planning and property management program aims to empower and raise the standard of public communication and partnership for regional progress
34% of program spending
$25
The lee county chamber of commerce enhances community education and the business environment in lee county
33% of program spending
$24
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
33% of program spending
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Source: Form 990 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

MEMBER Ashley Elkins
MEMBER Bev Crossen
MEMBER Brain Rigby
MEMBER Brent Waldrop
CHAIRMAN Charlie Kinney
PAST CHAIRMAN Chris Bagley

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$44,650 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $8.3M $7.3M $30.1M
2024 $5.3M $5.9M $30.7M
2023 $6.2M $5.3M $32.3M
2022 $9.5M $5.3M $26.4M
2021 $4.9M $4.7M $22.8M

Between 2021 and 2025, reported annual revenue grew from $4.9M to $8.3M (+70%), with total assets most recently reported at $30.1M.

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

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