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← MISSISSIPPI BANKERS-ASSOCIATION

Form 990 for tax year 2023

Filed by MISSISSIPPI BANKERS-ASSOCIATION.

Totals

Total revenue
$3,267,044
Total expenses
$2,930,311
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,708,367
Investment income
$112,751
Other revenue
$445,926
Total assets, end of year
$4,838,105
Total liabilities, end of year
$1,379,152
Net assets or fund balances, end of year
$3,458,953
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,033,982 · related or exempt $1,033,982

  • 2b · Program service revenue: CONVENTIONS/TRADE SHOWS

    total $748,744 · excluded $748,744

  • 2c · Program service revenue: EDUCATIONAL SEMINARS

    total $501,999 · related or exempt $501,999

  • 2d · Program service revenue: TUITION INCOME

    total $239,360 · excluded $239,360

  • 2e · Program service revenue: QUALIFYING SPONSORSHIPS

    total $108,782 · excluded $108,782

  • 2f · All other program service revenue

    total $75,500 · related or exempt $75,500

  • 3 · Investment income

    total $112,751 · excluded $112,751

  • 10a · Gross sales of inventory

    $75

  • 10b · Cost of goods sold

    $2,288

  • 10c · Net income from sales of inventory

    total -$2,213 · excluded -$2,213

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $197,096 · unrelated business $197,096

  • 11b · Other revenue: ROYALTIES

    total $193,522 · excluded $193,522

  • 11c · Other revenue: MS. BANKER

    total $49,101 · related or exempt $4,131 · unrelated business $44,970

  • 11d · All other revenue

    total $8,420 · unrelated business $4,700 · excluded $3,720

  • 11e · Other revenue, total

    $448,139

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $466,227

  • 7 · Other salaries and wages

    total $265,549

  • 8 · Pension plan contributions

    total $70,128

  • 9 · Other employee benefits

    total $108,790

  • 10 · Payroll taxes

    total $43,167

  • 11b · Fees: legal

    total $535

  • 11c · Fees: accounting

    total $49,429

  • 12 · Advertising and promotion

    total $71,603

  • 13 · Office expenses

    total $43,501

  • 14 · Information technology

    total $52,361

  • 16 · Occupancy

    total $193,720

  • 19 · Conferences, conventions and meetings

    total $1,061,526

  • 21 · Payments to affiliates

    total $10,000

  • 22 · Depreciation, depletion and amortization

    total $41,634

  • 23 · Insurance

    total $34,817

  • 24a · Other expenses: MS BANKER-READERSHIP

    total $182,538

  • 24b · Other expenses: MISSISSIPPI SCHOOL OF BAN

    total $158,267

  • 24c · Other expenses: MISSISSIPPI YOUNG BANKERS

    total $23,115

  • 24d · Other expenses: MISCELLANEOUS

    total $21,603

  • 24e · All other expenses

    total $31,801

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,741,366 · end of year $3,008,602

  • 2 · Savings and temporary cash investments

    beginning of year $263,726 · end of year $263,726

  • 4 · Accounts receivable

    beginning of year $87,370 · end of year $81,957

  • 8 · Inventories for sale or use

    beginning of year $6,552 · end of year $6,552

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,117 · end of year $57,733

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

    $423,319

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

    $198,097

  • 10c · Land, buildings and equipment, net

    beginning of year $185,213 · end of year $225,222

  • 15 · Other assets

    beginning of year $1,343,900 · end of year $1,194,313

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,368 · end of year $244,224

  • 19 · Deferred revenue

    beginning of year $273,165 · end of year $288,932

  • 25 · Other liabilities

    beginning of year $1,035,738 · end of year $845,996

  • 27 · Net assets without donor restrictions

    beginning of year $3,159,973 · end of year $3,458,953

Mission and programs · 2023

Mission

THE MISSISSIPPI BANKERS ASSOCIATION PROVIDES MEMBERS WITH THE LATEST INFORMATION RELATED TO BANKING LAWS, TAX LAWS, ACCOUNTING METHODS AND BANK OPERATIONS.THE MBA ALSO FUNDS THE MBA SCHOOL OF BANKING AND THE MISSISSIPPI YOUNG BANKERS.

  • THE MISSISSIPPI BANKERS ASSOCIATION PROVIDES MEMBERS WITH THE LATEST INFORMATION RELATED TO BANKING LAWS, TAX LAWS, ACCOUNTING METHODS AND BANK OPERATIONS.

  • THE MBA ALSO FUNDS THE MISSISSIPPI SCHOOL OF BANKING AND MISSISSIPPI YOUNG BANKERS.

  • ADVOCACY FOR MEMBER INSTITUTIONS BEFORE THE MISSISSIPPI LEGISLATURE AND OTHER GOVERNMENTAL AND REGULATORY BODIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mitch Waycaster

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brad Jones

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert Barnes

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gordon Fellows

    PRESIDENT

    Total calculated
    $466,227
    From this org
    $391,303
    From related orgs
    $0
    Other
    $74,924
    Hours/week
    32.6 + 7.4 related

    Schedule J breakdown matched by us

    Base
    $384,041
    Bonus
    $7,262
    Other
    not reported
    Deferred
    $74,924
    Nontaxable benefits
    not reported
    Filer's total
    $466,227

  • Amy Davis

    VICE PRES-OP

    Total calculated
    $139,440
    From this org
    $111,313
    From related orgs
    $0
    Other
    $28,127
    Hours/week
    40

  • M Ray Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Andy Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hampton Thames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Larry Ratzlaff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clayton Legear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phil Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Staten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert Leard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Duane Dewey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Justin Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lillous Ann Shoemaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hue Townsend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gage Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robin Sanderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Art Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
15 May 2025
IRS schema version
2023v6.0
Source object
202531329349303318

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