TY 2020 Form 990

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

DIXIE BUSINESS DEVELOPMENT CENTER INC

Employer identification number

72-1216797

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization DIXIE BUSINESS DEVELOPMENT CENTER INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization DIXIE BUSINESS DEVELOPMENT CENTER INC		Employer identification number 72-1216797

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization DIXIE BUSINESS DEVELOPMENT CENTER INC			Employer identification number 72-1216797
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

DIXIE BUSINESS DEVELOPMENT CENTER INC

Employer identification number

72-1216797

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	990		990
b	Buildings ....	1,554,870	591,934	962,936
c	Leasehold improvements	71,573	51,854	19,719
d	Equipment ....	16,151	16,151	0
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				983,645

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	8,862
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	224,326
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b	3,844
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	3,844
3	Subtract line 2e from line 1..................			3	220,482
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	220,482

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	239,643
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	3,844
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................			2e	3,844
3	Subtract line 2e from line 1...................			3	235,799
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	235,799

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. IF THE CENTER WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX WOULD BE REPORTED AS INCOME TAXES. MANAGEMENT'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF AS WELL AS OTHER FACTORS. THE CENTER IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2017. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEARS ENDED DECEMBER 31, 2020 AND 2019.

Return Reference

Explanation

PART X, LINE 2:

MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. IF THE CENTER WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX WOULD BE REPORTED AS INCOME TAXES. MANAGEMENT'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF AS WELL AS OTHER FACTORS. THE CENTER IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2017. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEARS ENDED DECEMBER 31, 2020 AND 2019.

Schedule D (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Graphic Arrow

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Graphic Arrow

Attach to Form 990.
Graphic Arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

DIXIE BUSINESS DEVELOPMENT CENTER INC

Employer identification number

72-1216797

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2020

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1RANDALL PIERCE DIRECTOR	(i) (ii)	0 ------------- 323,215	0 ------------- 435	0 ------------- 27,035	0 ------------- 120,585	0 ------------- 0	0 ------------- 471,270	0 ------------- 0

Schedule J (Form 990) 2020

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART II, COLUMN B (III)	PART II REPRESENTS COMPENSATION AND BENEFITS PAID BY DIXIE ELECTRIC MEMBERSHIP CORPORATION, A RELATED ORGANIZATION TO DIXIE BUSINESS DEVELOPMENT CENTER, AND THUS, THE RELATED ORGANIZATION'S AMOUNTS ARE REPORTED ON THIS RETURN. HOWEVER, NO COMPENSATION REPORTED ON SCHEDULE J WAS PAID BY THIS ORGANIZATION.

Schedule J (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

DIXIE BUSINESS DEVELOPMENT CENTER INC

Employer identification number

72-1216797

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 4	THE ORGANIZATION AMENDED THE BYLAWS ON OCTOBER 15, 2020. PLEASE SEE BELOW FOR THE NEW BYLAWS, AS THEY WERE ENTIRELY RE-WRITTEN. WHEREAS DIXIE BUSINESS DEVELOPMENT CENTER, INC. (THE "DBDC"), A LOUISIANA NON PROFIT CORPORATION, DESIRES TO AMEND AND RESTATE THE CURRENT BYLAWS WHICH WERE ADOPTED ON MARCH 18,2010;AND WHEREAS ARTICLE XII OF THE ARTICLES OF INCORPORATION OF THE DBDC PROVIDES FOR THE AMENDMENT OF THE BYLAWS; NOW THEREFORE, THESE AMENDED AND RESTATED BYLAWS ("BYLAWS") OF THE DBDC ARE ADOPTED AND EFFECTIVE AS OF THE 15TH DAY OF OCTOBER 2020, AND COMPLETELY AMEND, SUPERSEDE, AND RESTATE ANY PRIOR BYLAWS OF THE DBDC. ARTICLE I. MEMBERSHIP THE SOLE MEMBER OF THE DBDC SHALL BE DIXIE ELECTRIC MEMBERSHIP CORPORATION ("DEMCO"). THE DEMCO BOARD OF DIRECTORS SHALL, BY RESOLUTION, APPOINT A DESIGNEE TO ACT ON ITS BEHALF AT ANY DBDC MEETING WHERE ACTION BY THE MEMBER IS REQUIRED. THE MEMBER DESIGNEE MAY INCLUDE ONE OR MORE OF THE DEMCO-APPOINTED DBDC DIRECTORS. ARTICLE II. RIGHTS AND LIABILITIES OF MEMBERS SECTION 1. PROPERTY INTEREST OF MEMBERS. DEMCO SHALL HAVE NO INDIVIDUAL OR SEPARATE INTEREST IN THE PROPERTY OR ASSETS OF THE DBDC EXCEPT THAT UPON DISSOLUTION OF THE DBDC, THE PROPERTY AND ASSETS OF THE DBDC REMAINING AFTER ALL DEBTS AND LIABILITIES OF THE DBDC ARE PAID, SHALL BE DISTRIBUTED AS PROVIDED IN THE ARTICLES OF INCORPORATION OF THE DBDC. SECTION 2. NON-LIABILITY FOR DEBTS OF THE DBDC. THE PRIVATE PROPERTY OF DEMCO SHALL BE EXEMPT FROM EXECUTION OR OTHER LIABILITIES FOR THE DEBTS OF THE DBDC AND DEMCO SHALL NOT BE LIABLE OR RESPONSIBLE FOR ANY DEBTS OR LIABILITIES OF THE DBDC. ARTICLE III. MEETINGS OF THE MEMBER SECTION 1. ANNUAL MEETING. THE ANNUAL MEETING OF THE MEMBER SHALL BE HELD ANNUALLY AND SHALL BE HELD IN CONJUNCTION WITH A DBDC BOARD MEETING, AT SUCH DATE, PLACE, AND TIME AS SHALL BE DETERMINED BY THE DBDC'S BOARD OF DIRECTORS AND DESIGNATED IN THE NOTICE OF THE MEETING FOR THE PURPOSE OF ELECTING DIRECTORS, PASSING UPON REPORTS OF THE PREVIOUS FISCAL YEAR, AND TRANSACTING SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. FAILURE TO HOLD THE ANNUAL MEETING OF THE MEMBER SHALL NOT WORK A FORFEITURE OR DISSOLUTION OF THE DBDC. THE DBDC'S DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBER. SECTION 2. SPECIAL MEETINGS. SPECIAL MEETINGS OF THE MEMBER MAY BE CALLED BY RESOLUTION OF THE DBDC'S BOARD OF DIRECTORS, OR UPON WRITTEN REQUEST BY ANY THREE DBDC DIRECTORS, OR THE PRESIDENT, OR UPON THE REQUEST OF THE MEMBER AND IT SHALL THEREUPON BE THE DUTY OF THE SECRETARY TO CAUSE NOTICE OF SUCH MEETING TO BE GIVEN AS HEREINAFTER PROVIDED. SPECIAL MEETINGS OF THE MEMBER MAY BE HELD AT ANY PLACE SPECIFIED IN THE NOTICE OF THE SPECIAL MEETING. SECTION 3. NOTICE OF MEMBER MEETING. WRITTEN OR PRINTED NOTICE STATING THE PLACE, DAY AND HOUR OF THE MEETING, AND IN CASE OF A SPECIAL MEETING OR AN ANNUAL MEETING AT WHICH BUSINESS OTHER THAN THAT LISTED IN SECTION 6 OF THIS ARTICLE IS TO BE TRANSACTED, THE PURPOSE OR PURPOSES FOR WHICH THE MEETING IS CALLED, SHALL BE DELIVERED NOT LESS THAN TEN (10) DAYS NOR MORE THAN SIXTY (60) DAYS BEFORE THE DATE OF THE MEETING, EITHER PERSONALLY, BY MAIL, OR ANY OTHER ELECTRONIC MEANS, BY OR AT THE DIRECTION OF THE DBDC SECRETARY, OR UPON A DEFAULT IN DUTY BY THE SECRETARY, BY THE PERSONS CALLING THE MEETING, TO THE MEMBER. IF MAILED, SUCH NOTICE SHALL BE DEEMED TO BE DELIVERED WHEN DEPOSITED IN THE UNITED STATES MAIL, ADDRESSED TO THE MEMBER AT ITS ADDRESS AS IT APPEARS ON THE RECORDS OF THE DBDC, WITH POSTAGE THEREON PREPAID. THE FAILURE OF THE MEMBER TO RECEIVE NOTICE OF AN ANNUAL OR SPECIAL MEETING OF THE MEMBER SHALL NOT INVALIDATE ANY ACTION WHICH MAY BE TAKEN BY THE MEMBER AT ANY SUCH MEETING. NOTICE OF ANY MEETING MAY BE WAIVED IN WRITING BY THE MEMBER AT ANY TIME; AND THE WAIVER NEED NOT SPECIFY THE PURPOSE OF, OR THE BUSINESS TO BE TRANSACTED AT, THE MEETING. NOTICE SHALL BE DEEMED GIVEN AND WAIVED BY THE MEMBER PRESENT AT ANY SUCH MEETING EXCEPT AS OTHERWISE PROVIDED BY LAW. SECTION 4. QUORUM. FOR THE PURPOSE OF CONDUCTING ANY MEETING OF THE MEMBER OF THE DBDC, THE PRESENCE OF THE MEMBER DESIGNEE SHALL CONSTITUTE A QUORUM. SECTION 5. VOTING. ALL QUESTIONS AT ANY MEMBER MEETING SHALL BE DECIDED BY THE VOTE OF THE MEMBER, EXCEPT AS PROVIDED BY LAW, THE ARTICLES OF INCORPORATION, OR THESE BYLAWS. NO VOTING MAY BE CONDUCTED BY PROXY. SECTION 6. ORDER OF BUSINESS. THE ORDER OF BUSINESS AT THE ANNUAL MEETING OF THE MEMBER MAY BE AS FOLLOWS: A. CALL TO ORDER BY THE DBDC'S BOARD PRESIDENT. B. REPORT AS TO THE MEMBER'S (AUTHORIZED DESIGNEE) ATTENDANCE IN ORDER TO DETERMINE THE EXISTENCE OF A QUORUM. C. PROOF OF THE NOTICE OF THE MEETING OR THE WAIVER OR WAIVERS OF NOTICE OF THE MEETING, AS THE CASE MAY BE. D. READING OF UNAPPROVED MINUTES OF PREVIOUS MEETING OF THE MEMBER AND THE TAKING OF NECESSARY ACTION THEREON. E. PRESENTATION AND CONSIDERATION OF REPORTS BY OFFICERS, DIRECTORS, AND COMMITTEES. F. ELECTION OF DIRECTORS. G. UNFINISHED BUSINESS. H. NEW BUSINESS. I. ADJOURNMENT. ARTICLE IV. DIRECTORS SECTION 1. GENERAL POWERS. THE BUSINESS AND AFFAIRS OF THE DBDC SHALL BE MANAGED BY A BOARD OF DIRECTORS WHICH SHALL EXERCISE ALL THE POWERS OF THE DBDC EXCEPT SUCH AS ARE BY LAW, THE ARTICLES OF INCORPORATION, OR THESE BYLAWS CONFERRED UPON OR RESERVED TO THE MEMBER. SECTION 2. QUALIFICATIONS AND TENURE. THERE SHALL BE NINE (9) DIRECTORS OF THE DBDC. THREE (3) DIRECTORS SHALL BE APPOINTED BY DEMCO. TWO (2) OF THE DEMCO APPOINTED DIRECTORS SHALL BE FROM THE BOARD OF DIRECTORS OF DEMCO. THE CHIEF EXECUTIVE OFFICER OFDEMCO SHALL SERVE AS THE THIRD DEMCO- APPOINTED DIRECTOR OF THE DBDC. THE REMAINING SIX (6) DIRECTORS SHALL BE ELECTED IN THE MANNER HEREIN PROVIDED FROM A LIST OF NOMINATIONS AT AN ANNUAL MEETING OF THE MEMBER. EACH DBDC DIRECTOR, WHETHER APPOINTED OR ELECTED, SHALL SERVE A TERM OF 3 YEARS, OR UNTIL SUCH TIME AS THEIR SUCCESSORS SHALL HAVE BEEN ELECTED AND SHALL HAVE QUALIFIED. THERE SHALL BE NO DIFFERENCE IN THE POWERS AND DUTIES WITH RESPECT TO APPOINTED AND ELECTED DIRECTORS. NO PERSON SHALL BE ELIGIBLE TO BE A CANDIDATE OR REMAIN A DIRECTOR OR TO HOLD ANY POSITION OF TRUST IN THE DBDC WHO: A. IS EMPLOYED BY, OR IS IN ANY WAY FINANCIALLY INTERESTED IN, ANY BUSINESS OR OTHER ENTERPRISE WHICH DOES ANY OF BUSINESS IN ANY MATERIAL MANNER WITH THE DBDC; OR B. IS EMPLOYED BY, OR IS IN ANY WAY FINANCIALLY INTERESTED IN, ANY BUSINESS OR OTHER ENTERPRISE WHICH IS ENGAGED IN ANY BUSINESS OR ENTERPRISE WHICH IS IN COMPETITION WITH THE DBDC. UPON ESTABLISHMENT OF THE FACT THAT A DIRECTOR IS HOLDING OFFICE IN VIOLATION OF ANY OF THE FOREGOING PROVISIONS, IT SHALL IMMEDIATELY BECOME INCUMBENT UPON THE DBDC BOARD OF DIRECTORS TO INVESTIGATE AND SEEK REMOVAL OF SUCH DIRECTOR FROM OFFICE. SECTION 3. NOMINATIONS. IT SHALL BE THE DUTY OF THE DBDC BOARD OF DIRECTORS TO APPOINT, WITHIN A REASONABLE PERIOD OF TIME PRIOR TO THE DATE OF THE ANNUAL MEETING OF THE MEMBER, AT WHICH DBDC DIRECTORS ARE TO BE ELECTED, A COMMITTEE ON NOMINATIONS TO NOMINATE A CANDIDATE FOR ANY OF THE 6 ELECTED POSITIONS ON THE BOARD OF DIRECTORS THAT MAY BE UP FOR ELECTION. THE NOMINATIONS COMMITTEE SHALL CONSIST OF THE DBDC BOARD PRESIDENT, WHO SHALL SERVE AS CHAIRMAN OF THE NOMINATIONS COMMITTEE, AT LEAST ONE OF THE APPOINTED DEMCO DIRECTORS, AND AT LEAST TWO OF THE ELECTED DBDC DIRECTORS. THE COMMITTEE SHALL PREPARE, A LIST OF NOMINATIONS FOR DIRECTORS. THE SECRETARY SHALL MAIL WITH THE NOTICE OF THE MEETING OR SEPARATELY, BUT AT LEAST SEVEN (7) DAYS BEFORE THE ANNUAL MEETING, A STATEMENT CONTAINING THE NAMES AND ADDRESSES OF THE CANDIDATE(S). ADDITIONAL NOMINATIONS FROM THE FLOOR OF THE MEETING SHALL NOT BE PERMITTED. A VOTE OF THE MEMBER FOR PURPOSES OF ELECTING A DIRECTOR(S) SHALL BE TAKEN AT THE ANNUAL MEETING OF THE MEMBER. THE BALLOT SHALL CONTAIN THE NAME(S) OF THE CANDIDATES FOR ANY OF THE SIX (6) ELECTED DIRECTOR POSITIONS WHICH ARE UP FOR ELECTION. IF THE DESIGNEE OF THE SOLE MEMBER (DEMCO) VOTES IN FAVOR OF THE CANDIDATE NOMINATED FOR EACH OPEN DIRECTOR POSITION, THE ELECTION OF ANY SUCH DIRECTOR MUST BE RATIFIED AND APPROVED BY A MAJORITY VOTE OF THE DEMCO BOARD OF DIRECTORS. IF THE REPRESENTATIVE OF THE SOLE MEMBER (DEMCO) VOTES AGAINST ANY OR ALL OF THE DBDC DIRECTOR CANDIDATES, THE NOMINATING COMMITTEE SHALL SUBMIT A NEW CANDIDATE(S) AT A SPECIAL SOLE MEMBER MEETING CALLED BY THE DBDC BOARD PRESIDENT WITHIN A REASONABLE PERIOD OF TIME AFTER THE ANNUAL MEETING OF THE MEMBER. SECTION 4. REMOVAL OF DIRECTORS BY MEMBER. IN THE EVENT THE DBDC BOARD OF DIRECTORS SEEKS TO REMOVE A DIRECTOR, A MAJORITY VOTE OF THE DBDC AND DEMCO BOARD OF DIRECTORS SHALL BE REQUIRED. SECTION 5. VACANCIES. ELECTED DIRECTORS. ANY VACANCY OCCURRING IN THE ELECTED DBDC BOARD OF DIRECTORS FOR WHATEVER REASON SHALL BE FILLED BY THE AFFIRMATIVE VOTE OF THE DBDC AND DEMCO BOARD OF DIRECTORS. THE DBDC AND DEMCO BOARD OF DIRECTORS SHALL BE PERMITTED A REASONABLE PERIOD OF
FORM 990, PART VI, SECTION B, LINE 11B	THE CONTROLLER OF DIXIE ELECTRIC MEMBERSHIP CORPORATION, DIXIE BUSINESS DEVELOPMENT CENTER'S PARENT ORGANIZATION, WILL REVIEW AND APPROVE THE FORM 990 BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION REQUIRES ITS BOARD OF DIRECTORS TO COMPLETE AN ANNUAL QUESTIONNAIRE DISCLOSING ANY BUSINESS RELATIONSHIPS BETWEEN THE ORGANIZATION AND EACH OF ITS DIRECTORS AND THEIR FAMILY MEMBERS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN DENHAM SPRINGS, LA.
FORM 990, PART VI, SECTION A, LINE 4 CONTINUED	TIME TO ELECT THE NEW DIRECTOR TO FILL THE VACANT ELECTED POSITION. ANY DIRECTOR SO ELECTED TO FILL A VACANT ELECTED DIRECTOR POSITION SHALL SERVE FOR THE UNEXPIRED PORTION OF THE TERM OF THE DIRECTOR IN RESPECT TO WHOM THE VACANCY OCCURS. APPOINTED DIRECTORS. ANY VACANCY OCCURRING IN THE DEMCO-APPOINTED DBDC BOARD OF DIRECTORS FOR WHATEVER REASON SHALL BE FILLED BY THE AFFIRMATIVE VOTE OF THE DEMCO BOARD OF DIRECTORS. THE DEMCO BOARD OF DIRECTORS SHALL BE PERMITTED A REASONABLE PERIOD OF TIME TO ELECT THE NEW DIRECTOR TO FILL THE VACANT DEMCO APPOINTED POSITION. ANY DIRECTOR SO ELECTED TO FILL A VACANT DEMCO- APPOINTED DBDC BOARD OF DIRECTOR POSITION SHALL SERVE FOR THE UNEXPIRED PORTION OF THE TERM OF THE DIRECTOR IN RESPECT TO WHOM THE VACANCY OCCURS. SECTION 6. COMPENSATION. DIRECTORS SHALL NOT RECEIVE ANY SALARY FOR THEIR SERVICES, BUT BY AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBER, A FIXED SUM AND EXPENSES OF ATTENDANCE, IF ANY, MAY BE ALLOWED AT EACH MEETING OF THE DBDC BOARD OF DIRECTORS AND MEETINGS OF COMMITTEES OF THE BOARD OF DIRECTORS. NO DIRECTOR SHALL RECEIVE COMPENSATION OF ANY KIND FOR SERVING THE DBDC IN ANY OTHER CAPACITY, NOR SHALL ANY CLOSE RELATIVE OF A DIRECTOR RECEIVE COMPENSATION FOR SERVICES TO THE DBDC UNLESS THE PAYMENT OF COMPENSATION SHALL BE SPECIFICALLY AUTHORIZED BY PRIOR VOTE OF THE MEMBER OR THE SERVICE OF SUCH DIRECTOR OR CLOSE RELATIVE SHALL HAVE BEEN CERTIFIED BY THE DBDC BOARD OF DIRECTORS AS AN EMERGENCY MEASURE. ARTICLE V. MEETING OF DIRECTORS SECTION 1. REGULAR MEETINGS. THE REGULAR MEETINGS OF THE DBDC BOARD OF DIRECTORS SHALL BE HELD AT SUCH DATE, TIME, AND PLACE AS THE BOARD OF DIRECTORS MAY PROVIDE. SECTION 2. SPECIAL MEETINGS. SPECIAL MEETINGS OF THE BOARD OF DIRECTORS MAY BE CALLED BY THE PRESIDENT, BY ANY THREE DIRECTORS, OR THE MEMBER AND IT SHALL THEREUPON BE THE DUTY OF THE SECRETARY TO CAUSE NOTICE OF SUCH MEETING TO BE GIVEN AS HEREINAFTER PROVIDED. THE PRESIDENT, THE DIRECTORS, OR THE MEMBER CALLING THE MEETING SHALL FIX THE TIME AND PLACE FOR THE HOLDING OF THE MEETING. SECTION 3. NOTICE OF DIRECTOR'S MEETING. WRITTEN NOTICE OF THE TIME, PLACE AND PURPOSE OF ANY SPECIAL MEETING OF THE DBDC BOARD OF DIRECTORS SHALL BE DELIVERED NOT LESS THAN THREE (3) DAYS PREVIOUS THERETO, EITHER PHYSICALLY, BY MAIL, OR BY ANY OTHER ELECTRONIC MEANS, BY OR AT THE DIRECTION OF THE SECRETARY, OR UPON DEFAULT IN DUTY BY THE SECRETARY, BY THE PRESIDENT OR THE DIRECTORS CALLING THE MEETING, TO EACH DIRECTOR. IF MAILED, SUCH NOTICE SHALL BE DEEMED TO BE DELIVERED WHEN DEPOSITED IN THE UNITED STATES MAIL ADDRESSED TO THE DIRECTOR AT HIS ADDRESS AS IT APPEARS ON THE RECORDS OF THE DBDC WITH POSTAGE THEREON PREPAID. SECTION 4. QUORUM. A QUORUM FOR A MEETING OF THE DBDC BOARD OF DIRECTORS SHALL BE PRESENT WHEN ANY THREE (3) OF THE APPOINTED AND/OR ELECTED DIRECTORS ARE PRESENT AT A MEETING. IF LESS THAN THE NUMBER OF DIRECTORS NEEDED FOR A QUORUM AS SET FORTH HEREIN IS PRESENT AT A MEETING, A MAJORITY OF THE DIRECTORS PRESENT MAY ADJOURN THE MEETING FROM TIME TO TIME; AND PROVIDED FURTHER, THAT THE SECRETARY SHALL NOTIFY ANY ABSENT DIRECTORS OF THE TIME AND PLACE OF THE RESCHEDULED MEETING. THE ACT OF THE MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACT OF THE BOARD OF DIRECTORS. ARTICLE VI. OFFICERS SECTION 1. NUMBER. THE OFFICERS OF THE DBDC SHALL BE PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER AND ANY OTHER OFFICERS AS MAY BE DETERMINED NECESSARY BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE TREASURER SHALL BE DEMCO'S DESIGNEE FOR SO LONG AS IT IS THE SOLE MEMBER OF THE DBDC. THE OFFICES OF SECRETARY AND TREASURER MAY BE HELD BY THE SAME PERSON. SECTION 2. ELECTION AND TERM OF OFFICE. THE OFFICERS, EXCEPT FOR THE OFFICE OF TREASURER, SHALL BE ELECTED ANNUALLY BY THE DBDC BOARD OF DIRECTORS AT A DBDC BOARD MEETING FOLLOWING THE DBDC ANNUAL MEETING OF THE MEMBER. IF THE ELECTION OF OFFICERS SHALL NOT BE HELD AT SUCH DBDC BOARD MEETING, SUCH ELECTION SHALL BE HELD AS SOON THEREAFTER AS CONVENIENTLY POSSIBLE. EACH OFFICER SHALL HOLD OFFICE UNTIL THE NEXT SUCCEEDING DBDC BOARD MEETING FOLLOWING THE ANNUAL MEETING OF THE MEMBER OR, UNTIL HIS SUCCESSOR SHALL HAVE BEEN ELECTED AND SHALL HAVE QUALIFIED. A VACANCY IN ANY OFFICE SHALL BE FILLED BY THE DBDC BOARD OF DIRECTORS FOR THE UNEXPIRED PORTION OF THE TERM. SECTION 3. REMOVAL OF OFFICERS AND AGENTS. ANY DBDC OFFICER OR AGENT ELECTED BY THE SOLE MEMBER MAY BE REMOVED BY A VOTE OF THE SOLE MEMBER WHENEVER IN ITS JUDGMENT THE BEST INTERESTS OF THE DBDC WILL BE SERVED THEREBY. SECTION 4. PRESIDENT. THE PRESIDENT SHALL: A. BE THE PRINCIPAL EXECUTIVE OFFICER OF THE DBDC AND, UNLESS OTHERWISE DETERMINED BY THE MEMBER, SHALL PRESIDE AT ALL MEETINGS OF THE MEMBER AND THE DBDC BOARD OF DIRECTORS; AND B. SIGN, WITH THE SECRETARY ANY DEEDS, MORTGAGES, DEEDS OF TRUST, NOTES, BONDS, CONTRACTS, OR OTHER INSTRUMENTS AUTHORIZED BY THE DBDC AND DEMCO BOARD OF DIRECTORS TO BE EXECUTED, EXCEPT IN CASES IN WHICH THE SIGNING AND EXECUTION THEREOF SHALL BE EXPRESSLY DELEGATED BY THE DBDC AND DEMCO BOARD OF DIRECTORS OR BY THESE BYLAWS TO SOME OTHER OFFICER OR AGENT OF THE DBDC, OR SHALL BE REQUIRED BY LAW TO BE OTHERWISE SIGNED OR EXECUTED; AND C. IN GENERAL, PERFORM ALL DUTIES INCIDENT TO THE OFFICE OF PRESIDENT AND SUCH OTHER DUTIES AS MAY BE PRESCRIBED BY THE DBDC AND DEMCO BOARD OF DIRECTORS FROM TIME TO TIME. SECTION 5. VICE PRESIDENT. IN THE ABSENCE OF THE PRESIDENT, OR IN THE EVENT OF HIS INABILITY OR REFUSAL TO ACT, THE VICE PRESIDENT SHALL PERFORM THE DUTIES OF THE PRESIDENT AND WHEN SO ACTING, SHALL HAVE ALL THE POWERS OF AND BE SUBJECT TO ALL THE RESTRICTIONS UPON THE PRESIDENT. THE VICE PRESIDENT SHALL ALSO PERFORM SUCH OTHER DUTIES AS FROM TIME TO TIME MAY BE ASSIGNED TO HIM BY THE DBDC AND DEMCO BOARD OF DIRECTORS. SECTION 6. SECRETARY. THE SECRETARY SHALL: A. KEEP THE MINUTES OF THE MEETINGS OF THE MEMBER AND OF THE DBDC BOARD OF DIRECTORS IN ONE OR MORE BOOKS FOR THAT PURPOSE; B. SEE THAT ALL NOTICES ARE DULY GIVEN IN ACCORDANCE WITH THESE BYLAWS OR AS REQUIRED BY LAW; C. BE CUSTODIAN OF THE CORPORATE RECORDS AND OF THE SEAL OF THE DBDC, IF ANY, AND AFFIX THE SEAL OF THE DBDC TO ALL DOCUMENTS, THE EXECUTION OF WHICH ON BEHALF OF THE DBDC UNDER ITS SEAL IS DULY AUTHORIZED IN ACCORDANCE WITH THE PROVISIONS OF THESE BYLAWS; D. KEEP A REGISTER OF THE NAME AND POST OFFICE ADDRESS OF THE MEMBER; E. HAVE GENERAL CHARGE OF THE BOOKS OF THE DBDC IN WHICH A RECORD OF THE MEMBER IS KEPT; F. KEEP ON FILE AT ALL TIMES A COMPLETE COPY OF THE ARTICLES OF INCORPORATION AND BYLAWS OF THE DBDC CONTAINING ALL AMENDMENTS THERETO, WHICH COPY SHALL ALWAYS BE OPEN TO THE INSPECTION OF THE MEMBER AND AT THE EXPENSE OF THE DBDC FORWARD A COPY OF THE BYLAWS AND OF THE AMENDMENTS THERETO TO THE MEMBER; AND G. IN GENERAL PERFORM ALL DUTIES INCIDENT TO THE OFFICE OF SECRETARY AND SUCH OTHER DUTIES AS FROM TIME TO TIME MAY BE ASSIGNED TO HIM BY THE BOARD OF DIRECTORS OR THE MEMBER. SECTION 7. TREASURER. THE TREASURER SHALL BE A DEMCO DESIGNEE, UNLESS OTHERWISE PROVIDED HEREIN, AND SHALL: A. HAVE CHARGE AND CUSTODY OF AND BE RESPONSIBLE FOR ALL FUNDS AND SECURITIES OF THE DBDC; B. BE RESPONSIBLE FOR THE RECEIPT OF AND THE ISSUANCE OF RECEIPTS FOR MONIES DUE AND PAYABLE TO THE DBDC FROM ANY SOURCE WHATSOEVER, AND FOR DEPOSIT OF ALL SUCH MONIES IN THE NAME OF THE DBDC IN SUCH BANK OR BANKS AS SHALL BE SELECTED IN ACCORDANCE WITH THE PROVISIONS OF THESE BYLAWS; AND C. IN GENERAL PERFORM ALL DUTIES INCIDENT TO THE OFFICE OF TREASURER AND SUCH OTHER DUTIES AS FROM TIME TO TIME MAY BE ASSIGNED TO IT BY THE DBDC AND DEMCO BOARD OF DIRECTORS. SECTION 8. GENERAL MANAGER. THE DBDC BOARD OF DIRECTORS, SUBJECT TO THE APPROVAL BY A MAJORITY VOTE OF THE DEMCO BOARD OF DIRECTORS, MAY APPOINT A GENERAL MANAGER. THE GENERAL MANAGER SHALL PERFORM SUCH DUTIES AND SHALL EXERCISE SUCH AUTHORITY AS THE DBDC AND DEMCO BOARD OF DIRECTORS MAY FROM TIME TO TIME VEST IN HIM. SECTION 9. BONDS AND OFFICERS. THE DBDC AND DEMCO BOARD OF DIRECTORS IN THEIR DISCRETION MAY REQUIRE ANY OFFICER, AGENT OR EMPLOYEE OF THE DBDC TO GIVE A BOND IN SUCH AMOUNT AND WITH SUCH SURETY AS IT SHALL DETERMINE. SECTION 10. COMPENSATION. THE POWERS, DUTIES AND COMPENSATION OF ANY AGENTS AND EMPLOYEES SHALL BE FIXED BY THE DBDC AND DEMCO BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THESE BYLAWS. SECTION 11. REPORTS. THE OFFICERS OF THE DBDC MAY SUBMIT AT EACH ANNUAL MEETING OF THE MEMBER REPORTS COVERING THE BUSINESS OF THE DBDC FOR THE PREVIOUS FISCAL YEAR. SUCH REPORTS SHALL SET FORTH THE CONDITION OF THE DBDC AT THE CLOSE OF SUCH FISCAL YEAR. ARTICLE VII. DISPOSITION OF REVENUES AND RECEIPTS REVENUES OF THE DBDC FOR ANY FISCAL YEAR IN EXCESS OF THE AMOUNT NECESSARY: A. TO DEFRAY EXPENSES OF THE DBDC AND OF THE OPERATION AND MAINTENANCE OF ITS FACILITIES DURING THE FISCAL YEAR; B. TO PAY INTEREST AND PRINCIPAL OBLIGATIONS
FORM 990, PART VI, SECTION A, LINE 4 CONTINUED	OF THE DBDC COMING DUE IN SUCH FISCAL YEAR; C. TO FINANCE, OR TO PROVIDE A RESERVE FOR THE FINANCING OF, THE CONSTRUCTION OR ACQUISITION BY THE DBDC OF ADDITIONAL FACILITIES (TO THE EXTENT) AS DETERMINED BY THE MEMBER; AND D. TO PROVIDE A RESERVE FOR PAYMENT OF INDEBTEDNESS OF THE DBDC MATURING MORE THAN ONE YEAR AFTER THE DATE OF THE INCURRENCE OF SUCH INDEBTEDNESS IN AN AMOUNT NOT LESS THAN THE TOTAL OF THE INTEREST AND PRINCIPAL PAYMENTS IN RESPECT THEREOF REQUIRED TO BE MADE DURING THE NEXT FISCAL YEAR; SHALL, UNLESS OTHERWISE DETERMINED BY A VOTE OF THE MEMBER, BE RETAINED BY THE DBDC AS A CONTINGENCY FUND TO BE USED FOR FUTURE OPERATIONS, UNEXPECTED EXPENSES, AND ANY SUCH OTHER EXPENSES AS THE MEMBER MAY, FROM TIME TO TIME APPROVE. ARTICLE VIII. DISPOSITION OF PROPERTY THE DBDC MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY UNLESS SUCH SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE IS AUTHORIZED AT A DULY HELD MEETING OF THE MEMBER THEREOF BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DEMCO BOARD OF DIRECTORS, AND UNLESS THE NOTICE OF SUCH PROPOSED SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE SHALL HAVE BEEN CONTAINED IN THE NOTICE OF THE MEETING. ARTICLE IX. SEAL THE CORPORATE SEAL OF THE DBDC, IF ONE SHALL EXIST, SHALL BE IN THE FORM OF A CIRCLE AND SHALL HAVE INSCRIBED THEREON THE NAME OF THE DBDC AND THE WORDS, "CORPORATE SEAL, DIXIE BUSINESS DEVELOPMENT CENTER, INC., STATE OF LOUISIANA." ARTICLEX. FINANCIAL TRANSACTION SECTION 1. CONTRACTS. EXCEPT AS OTHERWISE PROVIDED IN THESE BYLAWS, THE DBDC BOARD OF DIRECTORS MAY AUTHORIZE ANY OFFICER OR OFFICERS, AGENT OR AGENTS, EMPLOYEE OR EMPLOYEES, TO ENTER INTO ANY CONTRACT OR EXECUTE AND DELIVER ANY INSTRUMENT IN THE NAME OF AND ON BEHALF OF THE DBDC, AND SUCH AUTHORITY MAY BE GENERAL OR CONFINED TO SPECIFIC INSTANCES. SECTION 2. CHECKS, DRAFTS, NOTES, BONDS, ETC. EXCEPT AS OTHERWISE PROVIDED BY LAW OR IN THESE BYLAWS, ALL MONIES SPENT (CHECKS, DRAFTS, OR OTHER ORDERS FOR THE PAYMENT OF MONEY), AND ALL NOTES, BONDS OR OTHER EVIDENCE OF INDEBTEDNESS ISSUED IN THE NAME OF THE DBDC SHALL BE SIGNED BY SUCH OFFICER OR OFFICERS, AGENT OR AGENTS, EMPLOYEE OR EMPLOYEES OF THE DBDC AND IN SUCH MANNER AS SHALL FROM TIME TO TIME BE DETERMINED BY RESOLUTION OF THE DBDC BOARD OF DIRECTORS AND THE DEMCO BOARD OF DIRECTORS. SECTION 3. DEPOSITS. ALL FUNDS OF THE DBDC SHALL BE DEPOSITED FROM TIME TO TIME TO THE CREDIT OF THE DBDC IN SUCH BANK OR BANKS AS THE DBDC BOARD OF DIRECTORS MAY SELECT. SECTION 4. FISCAL YEAR. THE FISCAL YEAR FOR THE DBDC SHALL BEGIN ON THE FIRST DAY OF JANUARY OF EACH YEAR AND END ON THE THIRTY-FIRST DAY OF DECEMBER OF THE SAME YEAR. ARTICLE XI. MISCELLANEOUS SECTION 1. MEMBERSHIP IN OTHER ORGANIZATIONS. THE DBDC SHALL HAVE THE RIGHT TO BECOME A MEMBER OF ANY ORGANIZATION, BUSINESS, CIVIC OR OTHERWISE, THAT WILL BENEFIT THE DBDC AND ITS MEMBERS. SECTION 2. RULES AND REGULATIONS. THE DEMCO BOARD OF DIRECTORS SHALL HAVE POWER TO MAKE AND ADOPT SUCH RULES AND REGULATIONS, NOT INCONSISTENT WITH THE LAW, THE ARTICLES OF INCORPORATION OR THESE BYLAWS, AS IT MAY DEEM ADVISABLE FOR THE MANAGEMENT, ADMINISTRATION AND REGULATION OF THE BUSINESS AND AFFAIRS OF THE DBDC. SECTION 3. ACCOUNTING SYSTEM AND REPORTS. THE DBDC BOARD OF DIRECTORS SHALL CAUSE TO BE ESTABLISHED AND MAINTAINED A COMPLETE ACCOUNTING SYSTEM WHICH SHALL CONFORM TO THE REQUIREMENTS OF ANY LENDER OR GRANTOR OF FUNDS TO THE DBDC. ALL ACCOUNTS OF THE DBDC SHALL BE EXAMINED BY THE DBDC BOARD OF DIRECTORS. THE DBDC BOARD OF DIRECTORS SHALL ALSO, AFTER THE CLOSE OF EACH FISCAL YEAR, CAUSE TO BE MADE A FULL AND COMPLETE AUDIT OF THE- ACCOUNTS, BOOKS AND FINANCIAL CONDITION OF THE DBDC AS OF THE END OF SUCH FISCAL YEAR. SUCH REPORTS SHALL BE SUBMITTED TO THE MEMBER WITHIN 150 DAYS FOLLOWING THE CLOSE OF SUCH DBDC FISCAL YEAR. SECTION 4. COMMITTEES. THE DBDC BOARD OF DIRECTORS MAY CREATE SUCH STANDING COMMITTEES OR AD HOC COMMITTEES AS IT MAY DEEM NECESSARY FROM TIME TO TIME. THE PRESIDENT, OR HIS DESIGNEE, SHALL APPOINT MEMBERS TO ANY SUCH COMMITTEES SO CREATED, WHO SHALL BE DIRECTORS OF THE DBDC. THE PRESIDENT SHALL SIT AS AN EX OFFICIO MEMBER OF ALL COMMITTEES. SECTION 5. OFFICER AND DIRECTOR INDEMNITY. ANY PAST OR PRESENT OFFICER OR DIRECTOR OF THE DBDC MAY BE INDEMNIFIED FOR ACTIONS TAKEN WHILE IN THE SERVICE OF THE DBDC AS PROVIDED IN LOUISIANA REVISED STATUTES 12.227, BY A MAJORITY VOTE OF BOARD OF DIRECTORS OF THE MEMBER OF THE DBDC. ARTICLE XII. AMENDMENT OF BYLAWS AS SET FORTH IN THE ARTICLES OF INCORPORATION, THESE BYLAWS MAY BE RESTATED, AMENDED, OR REPEALED FROM TIME TO TIME BY A MAJORITY VOTE OF THE DEMCO BOARD OF DIRECTORS AT ANY REGULAR MEETING OF SAID BOARD, AFTER AT LEAST TEN (10) DAYS NOTICE. THE DBDC BOARD OF DIRECTORS MAY MAKE ADVISORY RECOMMENDATIONS TO THE DEMCO BOARD OF DIRECTORS CONCERNING ALTERATIONS, AMENDMENTS OR REPEAL OF THESE BYLAWS. ARTICLE XIII. ACTIONS REQUIRING DBDC AND DEMCO BOARD OF DIRECTORS APPROVAL NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THE FOLLOWING ACTIONS BY THE DBDC SHALL REQUIRE APPROVAL BY A MAJORITY VOTE OF THE DBDC AND DEMCO BOARD OF DIRECTORS: A) HIRING OR FIRING A GENERAL MANAGER OF THE DBDC; IN THE EVENT A NEW GENERAL MANAGER IS TO BE HIRED, A HIRING COMMITTEE SHALL BE COMPOSED OF THE 2 DEMCO BOARD MEMBERS WHO SERVE AS DBDC DIRECTORS AND 2 OF THE ELECTED DBDC DIRECTORS. THE 2 ELECTED DBDC DIRECTORS WHO SERVE ON THE HIRING COMMITTEE SHALL BE APPOINTED BY THE DBDC BOARD PRESIDENT AND APPROVED BY A MAJORITY VOTE OF THE DBDC BOARD OF DIRECTORS. B) BORROWING MONEY IN ANY AMOUNT; C) APPOINTMENT OF DBDC DIRECTORS; D) REMOVAL OF DBDC DIRECTORS; AND E) SALE OF ASSETS. ALTHOUGH NOT REQUIRING THE DEMCO BOARD OF DIRECTORS' APPROVAL, THE DBDC SHALL SHARE EACH YEAR WITH THE DEMCO BOARD OF DIRECTORS, FOR INFORMATIONAL PURPOSES, THE DBDC'S ANNUAL BUDGET AND THE DBDC'S ANNUAL AUDIT. IN WITNESS WHEREOF, THE AMENDED AND RESTATED BYLAWS OF DIXIE BUSINESS DEVELOPMENT CENTER, INC. HAVE BEEN ADOPTED EFFECTIVE THE 15TH DAY OF OCTOBER, 2020.
FORM 990, PART XII, LINE 2C	THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

DIXIE BUSINESS DEVELOPMENT CENTER INC

Employer identification number

72-1216797

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)DIXIE ELECTRIC MEMBERSHIP CORPORATION PO BOX 15659 BATON ROUGE,LA70895 72-0170797	PROVIDES ELECTRICAL POWER TO MEMBERS WITHIN RURAL SERVICE AREA	LA	501(C)(12)		N/A		No
(2)DEMCO FOUNDATION INC PO BOX 15659 BATON ROUGE,LA70895 72-1417423	PROVIDES CHARITABLE ASSISTANCE TO INDIVIDUALS IN THE DEMCO SERVICE AREA	LA	501(C)(3)	LINE 7	DIXIE ELECTRIC MEMBERSHIP CORPORATION		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2020

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) DEMCO ENERGY SERVICES LLC 16262 WAX RD GREENWELL SPRINGS,LA70739 72-1351783	PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA	LA	DIXIE ELECTRIC MEMBERSHIP CORPORATION	C					No

Schedule R (Form 990) 2020

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

Yes

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) DEMCO FOUNDATION INC	J	4,200	RENT PAYMENTS
(2) DIXIE ELECTRIC MEMBERSHIP CORPORATION	P	0	LESS THAN $50,000

Schedule R (Form 990) 2020

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2020

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO ATTRACT AND ASSIST EMERGING BUSINESSES IN THE LOCAL SERVICE AREA BY PROVIDING OFFICE SPACE AND TECHNICAL SERVICES IN AN ENVIRONMENT IN WHICH BUSINESSES CAN DEVELOP, GROW, AND SUCCEED.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	10
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	3
6	Total number of volunteers (estimate if necessary) .............	6	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	15,740
9	Program service revenue (Part VIII, line 2g) .........	186,950	184,700
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	18	68
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,259	19,974
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	189,227	220,482
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	91,964	78,810
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	141,503	156,989
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	233,467	235,799
19	Revenue less expenses. Subtract line 18 from line 12.......	-44,240	-15,317
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,074,316	1,040,835
21	Total liabilities (Part X, line 26).............	298,063	279,899
22	Net assets or fund balances. Subtract line 21 from line 20.....	776,253	760,936

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 198,092 including grants of $ ) (Revenue $ 204,674 )
	PROVIDED OFFICE SPACE AND SHARED SERVICES TO DEVELOPING SMALL BUSINESSES IN A RURAL AREA.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses198,092

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) RANDALL PIERCE...................................................................... DIRECTOR	1.00 ................. 40.00	X		0	350,685	120,585
(2) DANIEL BETHELOT...................................................................... DIRECTOR	1.00 ................. 20.00	X		0	35,740	0
(3) LESLIE FALKS...................................................................... SECRETARY/TREASURER	2.00 ................. 15.00	X	X	0	35,440	0
(4) RICHARD SITMAN...................................................................... PRESIDENT	2.00 ................. 7.00	X	X	0	33,340	0
(5) LELA MAE WILKES...................................................................... VICE PRESIDENT	1.00 .................	X	X	0	0	0
(6) DENNIS AUCOIN...................................................................... DIRECTOR	0.25 .................	X		0	0	0
(7) DONNA CODY...................................................................... ASSISTANT SECRETARY	1.00 .................	X	X	0	0	0
(8) RONALD FOSHEE...................................................................... DIRECTOR	0.50 .................	X		0	0	0
(9) SHANE LACOMBE...................................................................... DIRECTOR	0.25 .................	X		0	0	0
(10) WILLIAM JOUBERT...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(11) JOHN WARE...................................................................... EXECUTIVE DIRECTOR	24.00 .................		X	35,221	0	1,048

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	35,221	455,205	121,633

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	15,740

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		15,740

		Business Code
2a	RENTAL INCOME	531120	184,700	184,700
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		184,700

3 Investment income (including dividends, interest, and othersimilar amounts) ......			68			68
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	OTHER REVENUE		531120	19,974	19,974
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			19,974
12	Total revenue. See instructions.....			220,482	204,674	0	68

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	36,269	30,829	5,440
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	36,820	31,297	5,523
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	1,914	1,627	287
10	Payroll taxes ...........	3,807	3,236	571
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	6,500		6,500
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	3,600	540	3,060
12	Advertising and promotion ....	96	96
13	Office expenses .......	1,386	1,178	208
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	17,000	14,450	2,550
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	755	189	566
20	Interest ...........	1,841	1,841
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	55,506	47,180	8,326
23	Insurance ...	28,437	24,171	4,266
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	REPAIRS & MAINTENANCE	38,936	38,936
b	BAD DEBT EXPENSE	1,782	1,515	267
c	MISCELLANEOUS EXPENSE	956	813	143
d	DUES & SUBSCRIPTIONS	194	194
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	235,799	198,092	37,707	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			35,702	1	38,607
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3	15,740
4	Accounts receivable, net .............			400	4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			2,358	9	2,843
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,643,584
b	Less: accumulated depreciation	10b	659,939	1,035,856	10c	983,645
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			1,074,316	16	1,040,835

17	Accounts payable and accrued expenses .....	180,382	17	182,495
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	97,369	23	88,542
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	20,312	25	8,862
26	Total liabilities. Add lines 17 through 25..	298,063	26	279,899

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	776,253	27	760,936
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	776,253	32	760,936
33	Total liabilities and net assets/fund balances ........	1,074,316	33	1,040,835