Mississippi Community Education Center
- Assets
- $16.6m
- Revenue
- $26.9m
- Investments
- $0.0
- Employees
- 135
- Location
- Jackson, MS
- Founding
- 07/1993
- Data as of
- 06/2018
- EIN
- 58-2046994
Organization Overview
Mississippi Community Education Center is located in Jackson, MS. The organization was established in 1993. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2018, Mississippi Community Education Center employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Community Education Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2018, Mississippi Community Education Center generated $26.9m in total revenue. All expenses for the organization totaled $19.4m during the year ending 06/2018. While expenses have increased by 86.0% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN, SUPPORT & REVIEW EDUCATION. THE PURPOSE OF THE CENTER IS FOR THE PROMOTION, IMPROVEMENT AND EXPANSION OF COMMUNITY EDUCATION THROUGH TRAINING SEMINARS, CONSULTING SERVICES AND TECHNICAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN, SUPPORT & REVIEW EDUCATION. THE PURPOSE OF THE CENTER IS FOR THE PROMOTION, IMPROVEMENT AND EXPANSION OF COMMUNITY EDUCATION THROUGH TRAINING SEMINARS, CONSULTING SERVICES AND TECHNICAL ASSISTANCE.
TRAIN, SUPPORT & REVIEW EDUCATION. THE PURPOSE OF THE CENTER IS FOR THE PROMOTION, IMPROVEMENT, AND EXPANSION OF COMMUNITY EDUCATION THROUGH TRAINING SEMINARS, CONSULTING SERVICES AND TECHNICAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy New Executive Di | Trustee | $0 | |
Virgil Strickland President/ch | Trustee | $0 | |
Anne Mcgrew CFO | Trustee | $0 | |
Jess New Board Member | Trustee | $0 | |
Susan Floyd Board Member | Trustee | $0 | |
Brian Bledsoe Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,715,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,717,093 |
| Total Program Service Revenue | $181,280 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$23,099 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,875,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,822,662 |
| Pension plan accruals and contributions | $227,805 |
| Other employee benefits | $269,903 |
| Payroll taxes | $454,759 |
| Fees for services: Management | $185,964 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,722,864 |
| Advertising and promotion | $1,083,797 |
| Office expenses | $25,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,948,209 |
| Travel | $294,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,823 |
| Insurance | $479,492 |
| All other expenses | $321,594 |
| Total functional expenses | $19,409,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,817,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,546,489 |
| Accounts receivable, net | $487,464 |
| 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 | $4,000,000 |
| Net Land, buildings, and equipment | $1,742,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,256 |
| Total assets | $16,617,573 |
| Accounts payable and accrued expenses | $561,135 |
| Grants payable | $0 |
| Deferred revenue | $6,591,750 |
| 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 | $4,871 |
| Total liabilities | $7,157,756 |
| Unrestricted restricted net Assets | $9,459,817 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $9,459,817 |