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← THE MISSISSIPPI PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC

Form 990 for tax year 2023

Filed by THE MISSISSIPPI PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC.

Totals

Total revenue
$368,627
Total expenses
$279,877
Contributions and grants received
$240,000
Grants paid
$242,869
Program service revenue
$0
Investment income
$128,627
Other revenue
$0
Total assets, end of year
$3,730,458
Total liabilities, end of year
$1,000
Net assets or fund balances, end of year
$3,729,458
Program services expenses (Part IX)
$242,869
Management and general expenses
$37,008
Fundraising expenses
$0
Program service expenses (Part III)
$242,869

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $240,000

  • 3 · Investment income

    total $80,378 · excluded $80,378

  • 7a · Gross sales of assets other than inventory

    securities $199,770

  • 7b · Less cost or other basis and sales expenses

    securities $151,521

  • 7c · Gain or loss

    securities $48,249

  • 7d · Net gain or loss

    total $48,249 · related or exempt $48,249

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $242,869 · program services $242,869

  • 11c · Fees: accounting

    total $4,988 · management and general $4,988

  • 11f · Fees: investment management

    total $27,294 · management and general $27,294

  • 19 · Conferences, conventions and meetings

    total $2,538 · management and general $2,538

  • 23 · Insurance

    total $2,100 · management and general $2,100

  • 24a · Other expenses: TAXES & LICENSES

    total $52 · management and general $52

  • 24b · Other expenses: ADMIN EXPENSES

    total $36 · management and general $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,645 · end of year $216,711

  • 4 · Accounts receivable

    beginning of year $10 · end of year $10

  • 11 · Investments: publicly traded securities

    beginning of year $3,144,655 · end of year $3,513,737

  • 17 · Accounts payable and accrued expenses

    beginning of year $350 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,172,960 · end of year $3,729,458

Mission and programs · 2023

Mission

TO PROVIDE ECONOMIC DEVELOPMENT SUPPORT THROUGHOUT MISSISSIPPI AND WORK TO IMPROVE MISSISSIPPI'S COMPETITIVE POSITION.

  • GRANT TO FURTHER THE ORGANIZATION'S MISSIONS OF CREATING A STRONG BUSINESS CLIMATE IN MISSISSIPPI THROUGH RESEARCH,RESOURCES,ADVOCACY, AND LEADERSHIP IN THE AREAS OF EDUCATION/WORKFORCE, ECONOMIC COMPETITIVENESS, INFRASTRUTURE, AND TECHNOLGY ADVANCEMENT.

    Expenses $75,000 · Grants $75,000

  • MISSISSIPPI TALENT INITIATIVE- THIS GRANT SEEKS TO UNDERSTAND AND ADDRESS IMBALANCES BETWEEN DEMAND AND SUPPLY OF TALENT IN MISSISSIPPI. THE ORGANIZATION WILL WORK WITH NON-PROFIT ORGANIZATIONS AND MISSISSIPPI'S PUBLIC RESEARCH CENTERS TO COMPLILE DATA.

    Expenses $167,869 · Grants $167,869

As filed on the 2023 return.

Listed in Part VII

  • Jeff Bowman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Matthew Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Duane Dewey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Tommy Dulaney

    VICE CHAIR -

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Haley Fisackerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John Hairston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • James D Rollins III

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • William Yates III

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • William A Taylor III

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Michael Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kari Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Anthony Wilson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John S Waller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423189349307387

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