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Mid-America Development Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371417926 ✦ Clarksdale, MS ✦ Designated as a 501(c)(3)

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Overview

What is Mid-America Development Foundation?

Mid-America Development Foundation is a nonprofit organization situated in Clarksdale, Mississippi. Recognizing the transformative impact of education, the foundation is committed to eradicating poverty through scholarly pursuits and vocational training. To achieve this goal, they provide educational scholarships and grants, as well as funding for supportive services in the education and vocational sectors. Beyond education, the foundation also offers quality housing, counseling, and financial services to their community. With a small team of one dedicated individual, Mid-America Development Foundation strives to uplift lives through holistic development.

Is Mid-America Development Foundation legitimate?

Mid-America Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-America Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $8,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,300

For more financial information, click here

What is the mission statement of Mid-America Development Foundation?

The Mid-America Development Foundation's mission is centered around developing and providing quality housing, counseling, and financial services. Recognizing the significant role education plays in individuals' lives, the organization believes in the power of academic and vocational education as a means to eradicate poverty. As a part of its commitment, the foundation offers educational scholarships and grants, as well as funds for supportive services in the realm of education and vocation.

Who is the CEO of Mid-America Development Foundation?

Larry Haynes is the Executive Director of Mid-America Development Foundation.

What is the revenue of Mid-America Development Foundation?

Mid-America Development Foundation's revenue in 2022 was $18,589.

Who are the executives of Mid-America Development Foundation and what are their salaries?

The average compensation at Mid-America Development Foundation during 2022 was $22,300. There is 1 employee at Mid-America Development Foundation.


Here are 5 key members and their salaries:


Claude Burks (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Haynes (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brendley Haynes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Phelps (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Reed (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mid-America Development Foundation?

Mid-America Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mid-America Development Foundation

Mid-America Development Foundation is committed to addressing various aspects of societal challenges. The primary focus of this organization is to develop and provide top-notch housing, counseling, and financial services. Recognizing the significant role education plays in fostering holistic growth, Mid-America Development Foundation believes that academic and vocational education can significantly contribute to eradicating poverty. Consequently, the foundation offers scholarships and grants with an educational focus, as well as funds for educational and vocational supportive services. By doing so, Mid-America Development Foundation aims to empower individuals and contribute to the betterment of communities.

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Impact




August, 2024

Mid-America Development Foundation's impact lies in its dedication to developing and providing quality housing, counseling, and financial services. The organization recognizes the importance of education in transforming lives by addressing both physical and psychological needs. Through offering scholarships, grants, and funding for educational and vocational supportive services, Mid-America Development Foundation is actively working towards eliminating poverty and fostering a community where individuals can thrive.




This information is meant to be a general summary of Mid-America Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$18,589 (2022)
Expenses
$82,944 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $18,589

Assets and Liabilities:

  • Total Assets: $262,069
  • Total Liabilities: $0
  • Net Assets: $262,069

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Organization Details

Founding Year

2020

Principal Officer

Larry Haynes

Main Address

PO BOX 1886, Clarksdale, MS, 38614

NTEE Category

Code: L20 - Housing

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