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Nonprofiteer
← MID-SOUTH BUSINESS CONTINUUM INC

Form 990 for tax year 2022

Filed by MID-SOUTH BUSINESS CONTINUUM INC.

Totals

Total revenue
$1,633,273
Total expenses
$2,045,238
Contributions and grants received
$1,633,273
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,282,218
Total liabilities, end of year
$774,467
Net assets or fund balances, end of year
$2,507,751
Program services expenses (Part IX)
$1,133,061
Management and general expenses
$912,177
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 55.4% 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

    $1,633,273

  • 3 · Investment income

    total $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Miscellaneous Income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $775,149 · program services $373,156 · management and general $401,993 · fundraising $0

  • 9 · Other employee benefits

    total $99,202 · program services $69,535 · management and general $29,667 · fundraising $0

  • 10 · Payroll taxes

    total $61,341 · program services $30,610 · management and general $30,731 · fundraising $0

  • 11a · Fees: management

    total $15,202 · program services $0 · management and general $15,202 · fundraising $0

  • 12 · Advertising and promotion

    total $30,130 · program services $19,930 · management and general $10,200 · fundraising $0

  • 17 · Travel

    total $4,417 · program services $1,947 · management and general $2,470 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $303,861 · program services $257,677 · management and general $46,184 · fundraising $0

  • 20 · Interest

    total $41,030 · program services $0 · management and general $41,030 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $121,464 · program services $0 · management and general $121,464 · fundraising $0

  • 23 · Insurance

    total $4,598 · program services $794 · management and general $3,804 · fundraising $0

  • 24a · Other expenses: EQUIPMENT PURCHASES

    total $9,760 · program services $207 · management and general $9,553 · fundraising $0

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $7,177 · program services $4,145 · management and general $3,032 · fundraising $0

  • 24c · Other expenses: CAR ALLOWANCE

    total $6,000 · program services $0 · management and general $6,000 · fundraising $0

  • 24d · Other expenses: Computers

    total $5,908 · program services $5,908 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $559,999 · program services $369,152 · management and general $190,847 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $881,823 · end of year $1,136,812

  • 2 · Savings and temporary cash investments

    beginning of year $1,361,208 · end of year $1,139,785

  • 4 · Accounts receivable

    beginning of year $58,097 · end of year $91,981

  • 7 · Other notes and loans receivable

    end of year $100,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,847 · end of year $9,052

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

    $804,588

  • 10c · Land, buildings and equipment, net

    beginning of year $85,190 · end of year $804,588

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000 · end of year $16,041

  • 19 · Deferred revenue

    beginning of year $27,750 · end of year $240,927

  • 23 · Secured mortgages and notes payable

    end of year $517,499

  • 27 · Net assets without donor restrictions

    beginning of year $2,378,415 · end of year $2,407,751

  • 28 · Net assets with donor restrictions

    end of year $100,000

Mission and programs · 2022

Mission

PROMOTE BUSINESS OF MINORITY AND WOMEN

  • INCREASE THE VOLUME AND DOLLAR AMOUNT OF BUSINESS GENERATED BY MINORITY AND WOMEN OWNED BUSINESS.

As filed on the 2022 return.

Listed in Part VII

  • Jozelle Booker

    PRESIDENT/CEO

    Total calculated
    $195,508
    From this org
    $195,508
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,508
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,508

  • Gary Rosenfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Norman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Raajkumar S Kurapati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jarl T Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Burkett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laurel Williams

    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

None.

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
15 November 2023
IRS schema version
2022v5.0
Source object
202343179349301529

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