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Southeast Industrial Development Association Inc

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.

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$527k (2023)

Expenses
$386k (2023)

Total Assets
$1.48M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$526,948
Expenses
$385,766
Net Income
$141,182
Net Assets
$1,481,216
Notable Sources of Revenue Percent of Total Revenue
Contributions $472,010
89.6%
Program Services $0
Investment Income $54,938
10.4%
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 $5,000
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,481,216
Total Liabilities $0
Net Assets $1,481,216
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Hammonds (Executive Director) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Harold Masengil (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0
Allan Glidewell (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
Dion Cooper (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$484,969
Expenses
$437,802
Net Income
$47,167
Net Assets
$1,340,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $475,840
98.1%
Program Services $0
Investment Income $9,129
1.9%
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 $5,000
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,340,034
Total Liabilities $0
Net Assets $1,340,034
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Hammonds (Executive Director) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Harold Masengil (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0
Allan Glidewell (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,435
Expenses
$484,256
Net Income
-$25,821
Net Assets
$1,292,867
Notable Sources of Revenue Percent of Total Revenue
Contributions $455,840
99.4%
Program Services $0
Investment Income $2,595
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 $5,000
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,292,925
Total Liabilities $58
Net Assets $1,292,867
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Harold Masengil (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0
Allan Glidewell (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$482,193
Expenses
$382,101
Net Income
$100,092
Net Assets
$1,318,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $475,840
98.7%
Program Services $0
Investment Income $6,353
1.3%
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 $4,000
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,318,688
Total Liabilities $0
Net Assets $1,318,688
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $4,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Harold Masengil (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0
Erik Brinke (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,858
Expenses
$557,652
Net Income
-$96,794
Net Assets
$1,218,596
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
97.8%
Program Services $0
Investment Income $10,018
2.2%
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 $5,000
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,277,289
Total Liabilities $58,693
Net Assets $1,218,596
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Harold Masengil (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0
Jeremy Nelms (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$457,444
Expenses
$587,747
Net Income
-$130,303
Net Assets
$1,315,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.6%
Program Services $0
Investment Income $6,604
1.4%
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 $5,000
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,328,382
Total Liabilities $12,992
Net Assets $1,315,390
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Jeremy Nelms (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0
Millie Callaway Parkes (Director) $0 $0 $0
Scott Cooper (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,001
Expenses
$474,187
Net Income
-$18,186
Net Assets
$1,445,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.9%
Program Services $0
Investment Income $5,161
1.1%
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 $5,000
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,451,324
Total Liabilities $5,631
Net Assets $1,445,693
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Tim Henderson (Secretary/Treasurer) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Jeremy Nelms (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,206
Expenses
$525,263
Net Income
-$69,057
Net Assets
$1,463,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.8%
Program Services $0
Investment Income $5,366
1.2%
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 $5,000
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,482,872
Total Liabilities $18,993
Net Assets $1,463,879
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Mike Partin (Chairman) $0 $0 $0
Stacy Chastain (Vice Chairman) $0 $0 $0
Ken Webb (Secretary/Treasurer) $0 $0 $0
John Carringer (Director) $0 $0 $0
Steve Clift (Director) $0 $0 $0
Larry Kernea (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
David Wade (Director) $0 $0 $0
Steven Moore (Director) $0 $0 $0
Jeremy Nelms (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,871
Expenses
$552,083
Net Income
-$95,212
Net Assets
$1,532,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.7%
Program Services $0
Investment Income $6,031
1.3%
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 $5,000
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,532,936
Total Liabilities $0
Net Assets $1,532,936
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Jones (Executive Director/Advisor) $5,000 $0 $0
Larry Kernea (Chairman) $0 $0 $0
Mike Partin (Vice Chairman) $0 $0 $0
Frank Welch (Secretary/Treasurer) $0 $0 $0
John Carringer (Director) $0 $0 $0
Harold Depriest (Director) $0 $0 $0
Dan Brewer (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
Stacy Chastain (Director) $0 $0 $0
Steven Moore (Director) $0 $0 $0
Ken Webb (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$459,537
Expenses
$352,866
Net Income
$106,671
Net Assets
$1,628,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.1%
Program Services $0
Investment Income $8,697
1.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,628,288
Total Liabilities $140
Net Assets $1,628,148
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Kernea (Chairman) $0 $0 $0
Mike Partin (Vice Chairman) $0 $0 $0
Frank Welch (Secretary/Treasurer) $0 $0 $0
John Carringer (Director) $0 $0 $0
Harold Depriest (Director) $0 $0 $0
Matthew Akins (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Bob Matheny (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
Stacy Chastain (Director) $0 $0 $0
Alan Raymond (Director) $0 $0 $0
Ken Webb (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,324
Expenses
$311,985
Net Income
$146,339
Net Assets
$1,521,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
98.4%
Program Services $0
Investment Income $7,484
1.6%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,521,477
Total Liabilities $0
Net Assets $1,521,477
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Kernea (Chairman) $0 $0 $0
Mike Partin (Vice Chairman) $0 $0 $0
Frank Welch (Secretary/Treasurer) $0 $0 $0
John Carringer (Director) $0 $0 $0
Harold Depriest (Director) $0 $0 $0
Matthew Akins (Director) $0 $0 $0
Michael Haney (Director) $0 $0 $0
Bob Matheny (Director) $0 $0 $0
Eric Newberry (Director) $0 $0 $0
John Goins (Director) $0 $0 $0
Stacy Chastain (Director) $0 $0 $0
Alan Raymond (Director) $0 $0 $0
Ken Webb (Director) $0 $0 $0
Kathryn West (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$455,080
Expenses
$422,731
Net Income
$32,349
Net Assets
$1,375,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
99.1%
Program Services $0
Investment Income $4,240
0.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,376,541
Total Liabilities $1,403
Net Assets $1,375,138

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,405
Expenses
$383,248
Net Income
$89,157
Net Assets
$1,342,789
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,840
95.4%
Program Services $6,363
1.3%
Investment Income $15,202
3.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,428,221
Total Liabilities $85,432
Net Assets $1,342,789

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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.

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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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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