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Nonprofiteer
← MISSISSIPPI FOOD NETWORK INC

Form 990 for tax year 2023

Filed by MISSISSIPPI FOOD NETWORK INC.

Totals

Total revenue
$51,275,195
Total expenses
$51,656,882
Contributions and grants received
$50,801,111
Grants paid
$44,515,735
Program service revenue
$144,356
Investment income
$317,241
Other revenue
$12,487
Total assets, end of year
$20,692,101
Total liabilities, end of year
$524,793
Net assets or fund balances, end of year
$20,167,308
Program services expenses (Part IX)
$49,349,151
Management and general expenses
$1,123,068
Fundraising expenses
$1,184,663
Program service expenses (Part III)
$49,349,151

Program services were 95.5% 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.

  • 1c · Fundraising events

    $6,096

  • 1e · Government grants (contributions)

    $5,846,946

  • 1f · All other contributions, gifts and grants

    $44,948,069

  • 1g · Noncash contributions included above

    $42,409,443

  • 2a · Program service revenue: SHARED MAINTENANCE FEES

    total $90,985 · related or exempt $90,985

  • 2b · Program service revenue: FOOD PURCHASES REVENUE

    total $53,371 · related or exempt $53,371

  • 3 · Investment income

    total $337,601 · excluded $337,601

  • 7a · Gross sales of assets other than inventory

    securities $4,473,580 · other assets $8,000

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

    securities $4,501,940 · other assets $0

  • 7c · Gain or loss

    securities -$28,360 · other assets $8,000

  • 7d · Net gain or loss

    total -$20,360 · excluded -$20,360

  • 8a · Fundraising events: gross income

    $15,169

  • 8a · Fundraising events: contributions included on line 1c

    $6,096

  • 8b · Fundraising events: direct expenses

    $15,169

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $10,047 · related or exempt $10,047

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $2,440 · related or exempt $2,440

  • 11e · Other revenue, total

    $12,487

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,515,735 · program services $44,515,735

  • 5 · Compensation of officers, directors and key employees

    total $299,109 · program services $225,588 · management and general $41,815 · fundraising $31,706

  • 7 · Other salaries and wages

    total $1,833,304 · program services $1,382,678 · management and general $256,296 · fundraising $194,330

  • 9 · Other employee benefits

    total $628,436 · program services $473,966 · management and general $87,855 · fundraising $66,615

  • 10 · Payroll taxes

    total $161,166 · program services $121,551 · management and general $22,531 · fundraising $17,084

  • 11c · Fees: accounting

    total $77,774 · management and general $77,774

  • 11f · Fees: investment management

    total $48,524 · management and general $48,524

  • 11g · Fees: other

    total $588,096 · program services $345,016 · management and general $243,080

  • 13 · Office expenses

    total $205,169 · program services $78,875 · management and general $117,381 · fundraising $8,913

  • 14 · Information technology

    total $99,098 · program services $74,740 · management and general $13,854 · fundraising $10,504

  • 16 · Occupancy

    total $137,208 · program services $103,482 · management and general $19,182 · fundraising $14,544

  • 17 · Travel

    total $145,545 · program services $109,159 · management and general $36,386

  • 22 · Depreciation, depletion and amortization

    total $482,838 · program services $364,156 · management and general $67,501 · fundraising $51,181

  • 23 · Insurance

    total $94,918 · program services $71,587 · management and general $13,270 · fundraising $10,061

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,151,239 · program services $1,085,097 · management and general $37,619 · fundraising $28,523

  • 24b · Other expenses: PUBLIC SOLICITATION

    total $751,202 · fundraising $751,202

  • 24c · Other expenses: VEHICLE, FREIGHT AND EQ

    total $397,521 · program services $397,521

  • 24d · Other expenses: RETURN OF GRANT FUNDS

    total $40,000 · management and general $40,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,036,239 · end of year $2,931,142

  • 2 · Savings and temporary cash investments

    beginning of year $879,518 · end of year $775,511

  • 3 · Pledges and grants receivable

    beginning of year $631,750 · end of year $603,047

  • 4 · Accounts receivable

    beginning of year $49,152 · end of year $47,347

  • 8 · Inventories for sale or use

    beginning of year $2,710,784 · end of year $3,031,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,297 · end of year $71,584

  • 10a · Land, buildings and equipment: cost or other basis

    $7,467,251

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,041,898

  • 10c · Land, buildings and equipment, net

    beginning of year $2,671,441 · end of year $3,425,353

  • 11 · Investments: publicly traded securities

    beginning of year $8,973,033 · end of year $9,806,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $322,703 · end of year $465,599

  • 19 · Deferred revenue

    beginning of year $59,735 · end of year $59,194

  • 27 · Net assets without donor restrictions

    beginning of year $15,362,640 · end of year $16,335,003

  • 28 · Net assets with donor restrictions

    beginning of year $4,271,136 · end of year $3,832,305

Mission and programs · 2023

Mission

TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERY PRODUCTS THROUGH A NETWORK OF MEMBER CHURCHES AND NONPROFIT ORGANIZATIONS; TO PROVIDE NUTRITION EDUCATION TO THE NEEDY; AND TO EMPHASIZE ADVOCACY AND RELATED NEEDS.

Activities or mission (Part I)

TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERIES.

  • MISSISSIPPI FOOD NETWORK PROVIDED 25,129,123 MEALS TO 1.8 MILLION FAMILIES AND INDIVIDUALS EXPERIENCING FOOD INSECURITY WHICH REPRESENTS A 16.7% INCREASE IN MEALS DISTRIBUTED FROM FY23. THIS FOOD IS DISTRIBUTED TO PARTNER ORGANIZATIONS WHICH INCLUDE FOOD PANTRIES, SOUP KITCHENS, CHILD FEEDING PROGRAMS AND SENIOR FOOD BOX PROGRAMS. THESE ORGANIZATIONS EXECUTE THE LAST MILE DISTRIBUTIONS DIRECTLY TO THE FAMILIES IN NEED. MISSISSIPPI FOOD NETWORK PRIORITIZES FRESH, AND IF AVAILABLE, LOCAL PRODUCE, WHICH CONSTITUTES 20% OF THE TOTAL FOOD DISTRIBUTED. MFN PROVIDES A HEALTHY VARIETY OF FOODS TO FAMILIES AND INDIVIDUALS LIVING IN UNDER RESOURCED AREAS.

    Expenses $49,349,151 · Grants $44,515,735 · Revenue $156,843

As filed on the 2023 return.

Listed in Part VII

  • Russell Morrison

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bilal Qizilbash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Williamson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Caroline Wright

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Keith Young

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Faith Hadley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Keeler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kent M Bloodworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristina Phillips

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Engle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Molly M Macwade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip H Lucas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pieter Teeuwissen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ron Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trisha Richardson

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ryan Upshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donnell Lewis

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ted Kendall IV

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Vaughn Gresham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles H Beady Jr

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $136,622
    From this org
    $119,883
    From related orgs
    $0
    Other
    $16,739
    Hours/week
    40

  • Cassandra Mobley

    CHIEF OPERATING OFFICER

    Total calculated
    $92,972
    From this org
    $77,623
    From related orgs
    $0
    Other
    $15,349
    Hours/week
    40

  • Theodora Rowan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $95,262
    From this org
    $80,036
    From related orgs
    $0
    Other
    $15,226
    Hours/week
    40

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

  • PRVO - LAMAR COUNTY

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • MANNA FOOD PANTRY

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • HIGHER DIMENSIONS OF MT OLIVE

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • SMO INC - AMITE COUNTY

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • EVER REACHING COMM OUTREACH

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • DIS- HICKORY RIDGE BAPTIST CHURCH

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • EPHESUS BAPTIST CHURCH

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • FIRST ASSEMBLY NATCHEZFP

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • FIRST ASSEMBLY OF GOD CARE CT

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • GOOD SAMARITAN CENTER

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
24 March 2025
IRS schema version
2023v6.0
Source object
202520879349300627

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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