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Martin County Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$273k (2021)

Expenses
$230k (2021)

Total Assets
$1.78M (2021)

Total Liabilities
$15.8k (2021)

Source: Form 990 tax filings from 2011 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$273,295
Expenses
$229,644
Net Income
$43,651
Net Assets
$1,763,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $154,061
56.4%
Program Services $117,644
43.0%
Investment Income $1,590
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $46,704
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $7,089
3.1%
Assets/Debt
Total Assets $1,779,076
Total Liabilities $15,784
Net Assets $1,763,292
Compensation
Key Employees and Officers Compensation Related Other
Jason Semple (President /) $6,518 $0 $0
Roy Lilley (Board Chair) $0 $0 $0
Taylor Slade (Vice Chairma) $0 $0 $0
Larry Biggs (Secretary) $0 $0 $0
Mitchell Manning (Assistant Se) $0 $0 $0
Butch Whitley (Board Member) $0 $0 $0
Judge Regina Parker (Board Member) $0 $0 $0
David Gurganus (Board Member) $0 $0 $0
Hank Winslow (Board Member) $0 $0 $0
Georgie Griffin (Board Member) $0 $0 $0
Sarah Sproat (Board Member) $0 $0 $0
Gray Corey (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,096
Expenses
$290,380
Net Income
-$85,284
Net Assets
$1,719,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,853
78.4%
Program Services $134,669
65.7%
Investment Income $1,991
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$92,417
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $43,920
15.1%
Professional Fundraising Fees $0
Other Salaries and Wages $6,389
2.2%
Assets/Debt
Total Assets $1,734,390
Total Liabilities $14,749
Net Assets $1,719,641
Compensation
Key Employees and Officers Compensation Related Other
Jason Semple (President /) $48,079 $0 $0
Larry Biggs (Assistant Se) $0 $0 $0
Becky Edwards (Board Chair) $0 $0 $0
Dr Shirley Fields (Board Member) $0 $0 $0
Butch Lilley (Board Member) $0 $0 $0
Roy Lilley (Secretary) $0 $0 $0
Mitchell Manning (Board Member) $0 $0 $0
Judge Regina Parker (Board Member) $0 $0 $0
Taylor Slade (Vice Chairma) $0 $0 $0
Butch Whitley (Director) $0 $0 $0
Hank Winslow (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,635,603
Expenses
$513,934
Net Income
-$2,149,537
Net Assets
$1,804,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $247,247
Program Services $169,968
Investment Income $2,073
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,056,789
Net Inventory Sales $0
Other Revenue $1,898
Notable Expenses Percent of Total Expenses
Executive Compensation $75,361
14.7%
Professional Fundraising Fees $0
Other Salaries and Wages $53,667
10.4%
Assets/Debt
Total Assets $1,825,260
Total Liabilities $20,335
Net Assets $1,804,925

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$266,357
Expenses
$576,794
Net Income
-$843,151
Net Assets
$3,954,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $244,447
Program Services $220,187
Investment Income $6,052
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$784,178
Net Inventory Sales $0
Other Revenue $47,135
Notable Expenses Percent of Total Expenses
Executive Compensation $82,500
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $52,233
9.1%
Assets/Debt
Total Assets $4,279,211
Total Liabilities $324,749
Net Assets $3,954,462

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,126
Expenses
$556,831
Net Income
-$96,705
Net Assets
$4,841,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $269,447
58.6%
Program Services $173,383
37.7%
Investment Income $5,348
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,948
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $69,821
12.5%
Professional Fundraising Fees $0
Other Salaries and Wages $63,334
11.4%
Assets/Debt
Total Assets $5,184,602
Total Liabilities $342,967
Net Assets $4,841,635

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$467,565
Expenses
$600,185
Net Income
-$132,620
Net Assets
$5,132,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $356,253
76.2%
Program Services $154,757
33.1%
Investment Income $7,322
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$72,028
Net Inventory Sales $0
Other Revenue $21,261
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $79,103
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $71,614
11.9%
Assets/Debt
Total Assets $5,495,875
Total Liabilities $363,471
Net Assets $5,132,404

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,817,423
Expenses
$610,387
Net Income
$1,207,036
Net Assets
$5,265,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,858,049
> 100%
Program Services $134,169
7.4%
Investment Income $9,368
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$184,163
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $133,856
21.9%
Assets/Debt
Total Assets $6,179,066
Total Liabilities $914,042
Net Assets $5,265,024

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,004,392
Expenses
$713,969
Net Income
$290,423
Net Assets
$4,057,988
Notable Sources of Revenue Percent of Total Revenue
Contributions $927,312
92.3%
Program Services $180,703
18.0%
Investment Income $8,056
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$135,498
Net Inventory Sales $0
Other Revenue $23,819
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $79,758
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $52,744
7.4%
Assets/Debt
Total Assets $5,105,008
Total Liabilities $1,047,020
Net Assets $4,057,988
Compensation
Key Employees and Officers Compensation Related Other
Marvin Davis (President/Ceo) $79,758 $0 $0
Elmo Lilley (Director) $0 $0 $0
Abner House (Director) $0 $0 $0
Phil Hodges (Director) $0 $0 $0
Ricardo Hardison (Director) $0 $0 $0
Becky Edwards (Director) $0 $0 $0
Tom Winslow (Director) $0 $0 $0
Taylor Slade (Director) $0 $0 $0
Shirley Fields (Director) $0 $0 $0
Carroll Jones (Secretary) $0 $0 $0
Joe Ayers (Vice Chairman) $0 $0 $0
Laurence Lilley Jr (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,067,136
Expenses
$1,075,255
Net Income
-$8,119
Net Assets
$3,767,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $294,857
27.6%
Program Services $594,455
55.7%
Investment Income $6,397
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $148,151
13.9%
Net Inventory Sales $0
Other Revenue $23,276
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $82,162
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $51,026
4.7%
Assets/Debt
Total Assets $6,128,046
Total Liabilities $2,360,481
Net Assets $3,767,565

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,705,342
Expenses
$1,966,591
Net Income
-$261,249
Net Assets
$3,775,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $866,384
50.8%
Program Services $823,691
48.3%
Investment Income $7,670
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,597
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $112,570
5.7%
Assets/Debt
Total Assets $7,363,340
Total Liabilities $3,587,656
Net Assets $3,775,684

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,736,266
Expenses
$2,823,506
Net Income
-$87,240
Net Assets
$4,036,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,876,044
68.6%
Program Services $847,891
31.0%
Investment Income $4,110
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,221
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $61,940
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $43,430
1.5%
Assets/Debt
Total Assets $8,036,549
Total Liabilities $3,999,616
Net Assets $4,036,933

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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