Mid South Sign Association Inc
- Assets
- $489.5k
- Revenue
- $477.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 56-2303466
Organization Overview
Mid South Sign Association Inc is located in Memphis, TN. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Mid South Sign Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid South Sign Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Mid South Sign Association Inc generated $477.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $491.2k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE SIGN COMPANIES AND THEIR SUPPLIERS OF THE SOUTHERN STATE REGION WITH NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS SEMINARS AND A CONVENTION TO INFORM MEMBERS ON MATTERS OF CONCERN. THE ASSOCIATION PROMOTES EDUCATION AND RESEARCH WITH SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Nabors Executive Director | Officer | 40 | $67,714 |
Brandi Pulliam Immediate Past President | OfficerTrustee | 0.3 | $0 |
Mel Davey President | OfficerTrustee | 1 | $0 |
Jenny Gray Vice President | OfficerTrustee | 0.3 | $0 |
Tommy Allen Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Brad Pridmore On Premise Sign Dirctor | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,880 |
| Fundraising events | $7,275 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,155 |
| Total Program Service Revenue | $208,490 |
| Investment income | $7,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104 |
| Net Income from Fundraising Events | $78,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,808 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,602 |
| Payroll taxes | $9,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,407 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,072 |
| All other expenses | $17,115 |
| Total functional expenses | $491,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,740 |
| Savings and temporary cash investments | $85,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $278,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $489,513 |
| Accounts payable and accrued expenses | $4,603 |
| Grants payable | $0 |
| Deferred revenue | $99,075 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84 |
| Total liabilities | $103,762 |
| Net assets without donor restrictions | $385,751 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $489,513 |