Form 990 for tax year 2023
Filed by MISSISSIPPI CHARTER SCHOOLS ASSOCIATION.
Totals
- Total revenue
- $1,019,162
- Total expenses
- $212,735
- Contributions and grants received
- $1,017,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,162
- Other revenue
- $0
- Total assets, end of year
- $826,148
- Total liabilities, end of year
- $19,121
- Net assets or fund balances, end of year
- $807,027
- Program services expenses (Part IX)
- $163,346
- Management and general expenses
- $40,651
- Fundraising expenses
- $8,738
- Program service expenses (Part III)
- $163,346
Program services were 76.8% 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
$1,017,000
-
3 · Investment income
total $2,162 · excluded $2,162
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $74,786 · program services $52,350 · management and general $14,957 · fundraising $7,479
-
9 · Other employee benefits
total $2,308 · program services $1,616 · management and general $462 · fundraising $230
-
10 · Payroll taxes
total $5,721 · program services $4,005 · management and general $1,144 · fundraising $572
-
11g · Fees: other
total $90,735 · program services $70,702 · management and general $19,604 · fundraising $429
-
13 · Office expenses
total $14,228 · program services $10,982 · management and general $3,246
-
14 · Information technology
total $1,680 · program services $840 · management and general $840
-
17 · Travel
total $13,131 · program services $12,820 · management and general $311
-
19 · Conferences, conventions and meetings
total $7,262 · program services $7,262
-
24a · Other expenses: SUPPLIES
total $2,884 · program services $2,769 · management and general $87 · fundraising $28
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $600 · end of year $826,148
-
17 · Accounts payable and accrued expenses
end of year $19,121
-
27 · Net assets without donor restrictions
beginning of year $600 · end of year $807,027
Mission and programs · 2023
Mission
THE MISSISSIPPI CHARTER SCHOOLS ASSOCIATION DRIVES THE DEVELOPMENT AND GROWTH OF HIGH-QUALITY PUBLIC CHARTER SCHOOLS THROUGH SCHOOL SUPPORT, ADVOCACY, AND OUTREACH.
Activities or mission (Part I)
TO DEVELOP AND GROW HIGH-QUALITY PUBLIC CHARTER SCHOOLS THROUGH SUPPORT, ADVOCACY, AND OUTREACH.
-
FINANCIAL DEVELOPMENTS PROVED PARTICULARLY SUCCESSFUL DURING THE YEAR. THE ASSOCIATION SECURED MAJOR FUNDING THROUGH TWO PRIMARY SOURCES: AN INITIAL INSTALLMENT OF $517,000.00 VIA A SUBGRANT FROM MISSISSIPPI FIRST, AND A $500,000.00 CONTRIBUTION FROM THE CHARTER SCHOOL GROWTH FUND (CSGF). THESE FUNDING STREAMS PROVIDED ESSENTIAL SUPPORT FOR THE ASSOCIATION'S EXPANDED OPERATIONS AND INITIATIVES.
Expenses $16,335
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $106,175
-
SUBSTANTIAL PROGRESS WAS MADE IN DEVELOPING OPERATIONAL INFRASTRUCTURE. THE ASSOCIATION PARTNERED WITH MEYER AND ROSENBAUM, INC. FOR INSURANCE SERVICES, LEVERAGING THE EXPERTISE OF ITS PRESIDENT BRUCE MARTIN, WHO ALSO SERVED AS VICE PRESIDENT OF THE INSTITUTIONS OF HIGHER LEARNING BOARD OF DIRECTORS. ADP WAS IMPLEMENTED AS THE COMPREHENSIVE SOLUTION FOR PAYROLL, HR, AND 401K SERVICES, WITH PAYROLL SYSTEMS SUCCESSFULLY ESTABLISHED AND MAINTAINED THROUGHOUT THE FISCAL YEAR. STRATEGIC CONSULTING SERVICES WERE ENGAGED ACROSS MULTIPLE AREAS, INCLUDING BUSINESS OPERATIONS, COMMUNICATIONS/MARKETING, MULTIMEDIA, AND ORGANIZATIONAL PLANNING.THE ASSOCIATION ALSO COMPLETED SEVERAL FUNDAMENTAL OPERATIONAL OBJECTIVES, INCLUDING ESTABLISHING A PERMANENT MAILING ADDRESS, SECURING OFFICE SPACE, ENGAGING SPECIALIZED NON-PROFIT ACCOUNTING SERVICES, AND IMPLEMENTING ROBUST ACCOUNTING SOFTWARE SYSTEMS. THESE FOUNDATIONAL ELEMENTS SUPPORTED MCSA'S EXPANDED OPERATIONAL CAPABILITIES THROUGHOUT THE YEAR.
Expenses $40,836
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
NIC LOTT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
RACHEL CANTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
LEE ANN MAYO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FOREST THIGPEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
TODD ZIEBARTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONAS CRENSHAW
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $77,094
- From this org
- $74,786
- From related orgs
- $0
- Other
- $2,308
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349306070
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