Mid South Independent School Business Oficers Inc
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $1.6m
- Employees
- 10
- Location
- Marietta, GA
- Founding
- 03/1994
- Data as of
- 06/2023
- EIN
- 58-2057721
Organization Overview
Mid South Independent School Business Oficers Inc is located in Marietta, GA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Mid South Independent School Business Oficers Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid South Independent School Business Oficers Inc 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 06/2023, Mid South Independent School Business Oficers Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 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
MISBO CONNECTS INDEPENDENT SCHOOL PROFESSIONALS AND DELIVERS EXCEPTIONAL VALUE TO ENRICH LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISBO PROVIDES ITS OVER 400 MEMBER INDEPENDENT SCHOOLS WITH A PURCHASING PROGRAM AND ACCESS TO MISBO NEGOTIATED DISCOUNT CONTRACTS WITH ABOUT 135 VENDORS, REFERRED TO AS CONSORTIUM PARTNERS, OF GOODS AND SERVICES THAT ARE USED BY MEMBER SCHOOLS. SCHOOLS PURCHASE DIRECTLY FROM THE CONSORTIUM PARTNERS AND MISBO RECEIVES A PERCENTAGE FEE ON ALL PURCHASES, PRIMARILY FROM THE PARTNERS, AND IN SOME CASES FROM THE SCHOOLS. THE REVENUES FROM THE PURCHASING PROGRAM GENERATE APPROXIMATELY 40% OF THE ASSOCIATION'S ANNUAL REVENUE. SCHOOLS THAT UTILIZE THE PROGRAM SAVE SIGNIFICANTLY MORE FROM JUST A FEW CONSORTIUM PARTNERS THAN THE ANNUAL MEMBERSHIP DUES COST.
MISBO PROVIDES ITS OVER 400 MEMBER INDEPENDENT SCHOOLS WITH ACCESS TO LISTSERVS FOR EXCHANGE OF INFORMATION AND SHARING OF RESOURCES. MISBO HOSTS LISTS FOR SCHOOL BUSINESS OFFICERS, HUMAN RESOURCES DIRECTORS, TECHNOLOGY DIRECTORS, FACILITIES DIRECTORS, AND LIBRARIANS / MEDIA SPECIALISTS. THIS FORUM FOR SHARING BEST PRACTICES AND ASKING AND RECEIVING ANSWERS TO RELEVANT QUESTIONS IS CONSISTENTLY RANKED AS ONE OF THE MOST SIGNIFICANT MISBO MEMBER BENEFITS.
MISBO OFFERS MANY PROFESSIONAL DEVELOPMENT OPPORTUNITES ANNUALLY FOR INDEPENDENT SCHOOL BUSINESS OFFICERS, HUMAN RESOURCES DIRECTORS, TECHNOLOGY DIRECTORS, AND FACILITIES DIRECTORS. TYPICALLY, MISBO OFFERS AN ANNUAL CONFERENCE AND PARTNERS WITH VARIOUS ASSOCIATIONS TO OFFER PROGRAMS THROUGHOUT THE REGION. ADDITIONALLY, MISBO OFFERS AS A MEMBER BENEFIT APPROXIMATELY 50 WEBINARS AND VIRTUAL ROUNDTABLE DISCUSSIONS THROUGHOUT THE YEAR ON A WIDE RANGE OF SUBJECTS RELEVANT TO INDEPENDENT SCHOOLS. MISBO ALSO CREATES SEVERAL TOOLS AND CONSULTATIVE SERVICES THAT ARE PROVIDED TO MEMBERS WITH THEIR MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Kavanagh President & CEO | Officer | 40 | $304,798 |
Laura Turner Past Chair | Trustee | 2 | $0 |
Richard Swindell Chair | Trustee | 5 | $0 |
Anita Pittman Vice Chair | Trustee | 5 | $0 |
Charles Maumus Treasurer | Trustee | 3 | $0 |
Paul Ibsen Secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,509,832 |
| Investment income | $46,752 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,556,584 |
| 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. | $357,403 |
| Compensation of current officers, directors, key employees. | $71,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,835 |
| Pension plan accruals and contributions | $19,635 |
| Other employee benefits | $89,919 |
| Payroll taxes | $51,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,475 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,001 |
| Information technology | $31,449 |
| Royalties | $0 |
| Occupancy | $1,968 |
| Travel | $17,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,488 |
| All other expenses | $0 |
| Total functional expenses | $1,452,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,694 |
| Savings and temporary cash investments | $661,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $456,697 |
| 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 | $23,229 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,641,476 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,958,906 |
| Accounts payable and accrued expenses | $71,027 |
| Grants payable | $0 |
| Deferred revenue | $744,173 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $161,344 |
| 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 | $0 |
| Total liabilities | $976,544 |
| Net assets without donor restrictions | $1,982,362 |
| 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 | $2,958,906 |