Form 990 for tax year 2023
Filed by MISSISSIPPI ACTION FOR COMMUNITY EDUCATION INC.
Totals
- Total revenue
- $377,003
- Total expenses
- $375,700
- Contributions and grants received
- $128,523
- Grants paid
- $0
- Program service revenue
- $246,203
- Investment income
- $0
- Other revenue
- $2,277
- Total assets, end of year
- $1,680,624
- Total liabilities, end of year
- $741,772
- Net assets or fund balances, end of year
- $938,852
- Program services expenses (Part IX)
- $282,557
- Management and general expenses
- $65,127
- Fundraising expenses
- $28,016
- Program service expenses (Part III)
- $282,557
Program services were 75.2% 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.
-
1e · Government grants (contributions)
$128,523
-
2a · Program service revenue: Festival Fees
total $232,310 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Management Fees
total $10,343 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Rental Units
total $3,550 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total $2,277 · related or exempt $2,277 · unrelated business $0 · excluded $0
-
11b · Other revenue: Local Match
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,277
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $17,271 · program services $17,271 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $1,321 · program services $1,321 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $2,780 · program services $0 · management and general $2,780 · fundraising $0
-
12 · Advertising and promotion
total $18,020 · program services $18,020 · management and general $0 · fundraising $0
-
13 · Office expenses
total $9,097 · program services $9,097 · management and general $0 · fundraising $0
-
16 · Occupancy
total $6,110 · program services $6,110 · management and general $0 · fundraising $0
-
17 · Travel
total $9,933 · program services $9,933 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,524 · program services $1,424 · management and general $100 · fundraising $0
-
20 · Interest
total $6,530 · program services $0 · management and general $6,530 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $20,539 · program services $20,539 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,117 · program services $2,117 · management and general $0 · fundraising $0
-
24a · Other expenses: Program Assistance
total $1,300 · program services $1,300 · management and general $0 · fundraising $0
-
24b · Other expenses: Maintenance & repairs
total $0 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Contractual
total $175,878 · program services $147,862 · management and general $0 · fundraising $28,016
-
24d · Other expenses: Property Taxes
total $18,557 · program services $0 · management and general $18,557 · fundraising $0
-
24e · All other expenses
total $84,723 · program services $47,563 · management and general $37,160 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,737 · end of year $59,508
-
3 · Pledges and grants receivable
beginning of year $26,319 · end of year $48,151
-
4 · Accounts receivable
beginning of year $21,835 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $916,221 · end of year $916,221
-
10a · Land, buildings and equipment: cost or other basis
$1,510,949
-
10b · Land, buildings and equipment: accumulated depreciation
$889,828
-
10c · Land, buildings and equipment, net
beginning of year $641,660 · end of year $621,121
-
15 · Other assets
beginning of year $35,623 · end of year $35,623
-
17 · Accounts payable and accrued expenses
beginning of year $299,713 · end of year $246,842
-
19 · Deferred revenue
beginning of year $167,414 · end of year $167,414
-
23 · Secured mortgages and notes payable
beginning of year $299,835 · end of year $324,961
-
24 · Unsecured notes and loans payable
beginning of year $6,881
-
25 · Other liabilities
beginning of year $2,555 · end of year $2,555
-
27 · Net assets without donor restrictions
beginning of year $940,997 · end of year $938,852
Mission and programs · 2023
Mission
Education & Community Development
-
Education & Training
Expenses $119,661 · Revenue $128,523
-
Economic & Community Development
Expenses $162,896 · Revenue $232,310
-
Housing
As filed on the 2023 return.
Listed in Part VII
-
Robert Jackson
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Washington
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Aurelia Jones-Taylor
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Brooks
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Frank Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Betty Jo Boyd
Board Member
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 July 2024
- IRS schema version
- 2023v6.0
- Source object
- 202521979349301532
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