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Nonprofiteer
← MISSISSIPPI ECONOMIC COUNCIL

Form 990 for tax year 2022

Filed by MISSISSIPPI ECONOMIC COUNCIL.

Totals

Total revenue
$2,619,404
Total expenses
$2,301,958
Contributions and grants received
$20,000
Grants paid
$0
Program service revenue
$2,598,386
Investment income
$1,018
Other revenue
$0
Total assets, end of year
$3,947,855
Total liabilities, end of year
$644,516
Net assets or fund balances, end of year
$3,303,339
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.

  • 1e · Government grants (contributions)

    $20,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $2,019,180 · related or exempt $2,019,180

  • 2b · Program service revenue: MEETING SPONSORSHIPS

    total $547,380 · excluded $547,380

  • 2c · Program service revenue: MEETINGS ADMISSIONS

    total $31,826 · related or exempt $31,826

  • 3 · Investment income

    total $1,018 · related or exempt $1,018

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $299,461

  • 7 · Other salaries and wages

    total $623,180

  • 8 · Pension plan contributions

    total $43,711

  • 9 · Other employee benefits

    total $52,346

  • 10 · Payroll taxes

    total $59,080

  • 11b · Fees: legal

    total $485

  • 11c · Fees: accounting

    total $87,605

  • 11d · Fees: lobbying

    total $64,513

  • 11g · Fees: other

    total $143,249

  • 12 · Advertising and promotion

    total $53,030

  • 13 · Office expenses

    total $123,761

  • 14 · Information technology

    total $39,937

  • 16 · Occupancy

    total $42,312

  • 17 · Travel

    total $21,696

  • 19 · Conferences, conventions and meetings

    total $591,265

  • 20 · Interest

    total $15,652

  • 22 · Depreciation, depletion and amortization

    total $29,347

  • 23 · Insurance

    total $11,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,368 · end of year $96,501

  • 2 · Savings and temporary cash investments

    beginning of year $60,026 · end of year $161,043

  • 4 · Accounts receivable

    beginning of year $157,871 · end of year $173,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $126,822 · end of year $132,072

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

    $335,560

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

    $304,463

  • 10c · Land, buildings and equipment, net

    beginning of year $35,234 · end of year $31,097

  • 15 · Other assets

    beginning of year $3,036,194 · end of year $3,353,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $176,001 · end of year $247,945

  • 19 · Deferred revenue

    beginning of year $274,621 · end of year $211,571

  • 24 · Unsecured notes and loans payable

    end of year $185,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,985,893 · end of year $3,303,339

Mission and programs · 2022

Mission

TO BUILD A SENSE OF STATEWIDE BUSINESS COMMUNITY. AS THE STATE CHAMBER OF COMMERCE, THE ORGANIZATION SERVES AS A MEANINGFUL VOICE ON ISSUES AND INITIATIVES FOCUSING ON THE STATE'S FUTURE IN EDUCATION, WORKFORCE, BUSINESS CLIMATE AND IMAGE.

  • RESEARCH-THE ORGANIZATION MAKES RECOMENDATIONS BASED ON INVESTIGATION AND POLLING IN ORDER TO REFLECT THE VIEWS OF BUSINESS LEADERS IN MISSISSIPPI.

  • MEETINGS- THE ORGANIZATION CONDUCTS A SERIES OF MEETINGS THROUGHOUT MISSISSIPPI TO INFORM BUSINESS LEADERS OF ISSUES OF CONCERN TO THE FUTURE OF THE STATE AND TO PROVIDE NETWORKING OPPORTUNITIES.

  • ADVOCACY-ORGANIZATION SEEKS TO OPERATE AS THE VOICE OF BUSINESS BEFORE THE MISSISSIPPI LEGISLATURE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John S Waller

    CEO/PRESIDEN

    Total calculated
    $326,620
    From this org
    $267,556
    From related orgs
    $29,728
    Other
    $29,336
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $267,556 + $29,728 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,480 + $2,053 related
    Nontaxable benefits
    $7,923 + $880 related
    Filer's total
    $293,959 + $32,661 related
  • Cathy Northington

    CHIEF OPER.

    Total calculated
    $203,214
    From this org
    $91,145
    From related orgs
    $91,144
    Other
    $20,925
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $91,145 + $91,144 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,357 + $6,356 related
    Nontaxable benefits
    $4,106 + $4,106 related
    Filer's total
    $101,608 + $101,606 related
  • Vickie Powell

    VP OF FOUNDA

    Total calculated
    $200,018
    From this org
    $17,941
    From related orgs
    $161,470
    Other
    $20,607
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $17,941 + $161,470 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,236 + $11,121 related
    Nontaxable benefits
    $825 + $7,425 related
    Filer's total
    $20,002 + $180,016 related
  • Beth Kitchings

    DIR. OF MEMB

    Total calculated
    $142,666
    From this org
    $126,210
    From related orgs
    $0
    Other
    $16,456
    Hours/week
    40
  • Jeff Bowman

    1ST VICE CH

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • David E Brevard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alveno Castilla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Augustus Collins

    1ST PAST CHA

    Total calculated
    $0
    Hours/week
    2
  • Bruce Deviney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Duane Dewey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tommy Dulaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jeff Field

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Haley Fisackerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas G Gresham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Hairston

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • James D Rollins III

    2ND PAST CHA

    Total calculated
    $0
    Hours/week
    2
  • Matt L Holleman III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • R Mayo Flynt III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Yates III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jack R Reed Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bill Lampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kate Luce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carol Pigott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Sones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lex Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Denny Terrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Pat Thomasson

    2ND VICE CHA

    Total calculated
    $0
    Hours/week
    2
  • Rebecca Lee Wiggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Kari Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Martin Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Anthony Wilson

    2ND PAST CHA

    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 · Written employment contract
  • 3 · Approval by the board or 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
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202420729349300017

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