Southeastern Development Opportunities Inc
EIN: 640828837 · Shelby, MS · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Total Expenses | $146K |
| Net Assets | $688K |
Is Southeastern Development Opportunities Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southeastern Development Opportunities Inc
Southeastern Development Opportunities Inc (EIN: 640828837) is a nonprofit organization based in Shelby, MS, classified under NTEE code L20Z. The organization reported total revenue of $251K and total assets of $750K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Development Opportunities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Development Opportunities Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1365.1% | -6.0% | -61.7% |
| 2022 | -23.8% | -12.3% | -2.5% |
| 2021 | -44.9% | +4.1% | -3.5% |
| 2020 | -21.0% | -25.8% | -11.3% |
| 2019 | +25.5% | -2.6% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeastern Development Opportunities Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeastern Development Opportunities Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 14.6%.
Frequently Asked Questions about Southeastern Development Opportunities Inc
Is Southeastern Development Opportunities Inc a legitimate charity?
Southeastern Development Opportunities Inc (EIN: 640828837) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $251K. No red flags identified. Financial health grade: B.
How does Southeastern Development Opportunities Inc spend its money?
Southeastern Development Opportunities Inc reported $251K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southeastern Development Opportunities Inc tax-deductible?
Southeastern Development Opportunities Inc is registered as a tax-exempt nonprofit (EIN: 640828837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeastern Development Opportunities Inc located?
Southeastern Development Opportunities Inc is headquartered in Shelby, Mississippi and files with the IRS under EIN 640828837. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Southeastern Development Opportunities Inc have?
Southeastern Development Opportunities Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $251K in total revenue.
Filing History
IRS 990 filing history for Southeastern Development Opportunities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southeastern Development Opportunities Inc's revenue has declined by 278.4%, moving from $437K to $-780,089. Total assets decreased by 73.8% over the same period, from $3.1M to $806K. Total functional expenses fell by 70.9%, from $503K to $146K. The organization holds $118K in liabilities against $806K in assets (debt-to-asset ratio: 14.6%), resulting in net assets of $688K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-780,089 | $146K | $806K | $118K | — | View 990 |
| 2022 | $62K | $156K | $2.1M | $489K | — | — |
| 2021 | $81K | $177K | $2.2M | $457K | — | View 990 |
| 2020 | $147K | $170K | $2.2M | $439K | — | — |
| 2019 | $186K | $229K | $2.5M | $669K | — | View 990 |
| 2018 | $148K | $235K | $2.5M | $639K | — | View 990 |
| 2017 | $303K | $251K | $2.6M | $581K | — | View 990 |
| 2016 | $260K | $254K | $2.6M | $687K | — | View 990 |
| 2015 | $72K | $304K | $3.1M | $1.1M | — | View 990 |
| 2014 | $149K | $369K | $3.1M | $898K | — | View 990 |
| 2013 | $232K | $373K | $3.2M | $766K | — | View 990 |
| 2012 | $125K | $238K | $3.2M | $619K | — | View 990 |
| 2011 | $437K | $503K | $3.1M | $461K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-780,089, expenses of $146K, and assets of $806K (revenue -1365.1% year-over-year).
- 2022: Revenue of $62K, expenses of $156K, and assets of $2.1M (revenue -23.8% year-over-year).
- 2021: Revenue of $81K, expenses of $177K, and assets of $2.2M (revenue -44.9% year-over-year).
- 2020: Revenue of $147K, expenses of $170K, and assets of $2.2M (revenue -21.0% year-over-year).
- 2019: Revenue of $186K, expenses of $229K, and assets of $2.5M (revenue +25.5% year-over-year).
- 2018: Revenue of $148K, expenses of $235K, and assets of $2.5M (revenue -51.1% year-over-year).
- 2017: Revenue of $303K, expenses of $251K, and assets of $2.6M (revenue +16.7% year-over-year).
- 2016: Revenue of $260K, expenses of $254K, and assets of $2.6M (revenue +259.4% year-over-year).
- 2015: Revenue of $72K, expenses of $304K, and assets of $3.1M (revenue -51.4% year-over-year).
- 2014: Revenue of $149K, expenses of $369K, and assets of $3.1M (revenue -36.0% year-over-year).
- 2013: Revenue of $232K, expenses of $373K, and assets of $3.2M (revenue +85.6% year-over-year).
- 2012: Revenue of $125K, expenses of $238K, and assets of $3.2M (revenue -71.3% year-over-year).
- 2011: Revenue of $437K, expenses of $503K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Development Opportunities Inc:
Data Sources and Methodology
This transparency report for Southeastern Development Opportunities Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.