Mississippi Manufacturers Association
- Assets
- $5.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Jackson, MS
- Founding
- 02/1957
- Data as of
- 09/2023
- EIN
- 64-0318536
Organization Overview
Mississippi Manufacturers Association is located in Jackson, MS. The organization was established in 1957. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 09/2023, Mississippi Manufacturers Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Manufacturers Association 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 09/2023, Mississippi Manufacturers Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 0.4% 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.
Since 2018, Mississippi Manufacturers Association has awarded 27 individual grants totaling $4,463,287. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO BE THE VOICE OF INDUSTRY IN MISSISSIPPI. INFORMATION RELATED TO THE ENVIRONMENT, EMPLOYEE RELATIONS, WORKFORCE DEVELOPMENT, TAXATION, ENERGY, TRANSPORTATION AND GOVERNMENT RELATIONS IS COMMUNICATED TO MEMBERS THROUGH PARTICIPATION IN COMMITTEES, SEMINARS, WORKSHOPS , PUBLICATIONS AND THE ORGANIZATION'S WEBSITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATION-THROUGH SEMINARS AND OTHER MEANS, THE ORGANIZATION COMMUNICATES INFORMATION TO ITS MEMBERSHIP THAT AFFECTS MANUFACTURING IN MISSISSIPPI.
ADVOCACY- THE ORGANIZATION MONITORS LAWS AFFECTING INDUSTRY IN MISSISSIPPI AND REPRESENTS ITS MEMBERSHIP'S INTERESTS BEFORE THE MISSISSIPPI LEGISLATURE.
MANUFACTURING EXTENSION PARTNERSHIP- THE PURPOSE OF MEP IS TO HELP MISSISSIPPI MANUFACTURERS TO BE GLOBALLY COMPETITIVE. MEP PROVIDES A NETWORK OF MANUFACTURING EXPERTS AND RESOURCES THAT BENEFIT MANUFACTURING. THE COMMUNITY COLLEGE AND UNIVERSITY-BASED MEP MISSISSIPPI CENTERS PROVIDE SMALL AND MEDIUM SIZED MANUFACTURERS THE TOOLS TO INNOVATE, CREATE AND RETAIN JOBS, INCREASE PROFITS, AND OPERATE EFFICIENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mckay President & | Officer | 39 | $203,085 |
Reckell R Johnson Dir. Insuran | 40 | $116,618 | |
Jessica M Stokes Dir. Of Fina | Officer | 40 | $97,218 |
Johnny Atherton Director | Trustee | 1 | $0 |
Jeff Belcher Director | Trustee | 1 | $0 |
Rusty Berryhill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,431,626 |
| 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 | $1,431,626 |
| Total Program Service Revenue | $1,056,056 |
| Investment income | $105,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,263 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,337,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $695,859 |
| 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. | $385,107 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,463 |
| Pension plan accruals and contributions | $79,956 |
| Other employee benefits | $103,395 |
| Payroll taxes | $78,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $33,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,647 |
| Fees for services: Other | $289,643 |
| Advertising and promotion | $92,604 |
| Office expenses | $115,589 |
| Information technology | $34,047 |
| Royalties | $0 |
| Occupancy | $92,039 |
| Travel | $85,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $209,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,373 |
| Insurance | $26,415 |
| All other expenses | $15,445 |
| Total functional expenses | $3,150,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $307,920 |
| Accounts receivable, net | $39,898 |
| 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 | $13,508 |
| Net Land, buildings, and equipment | $453,499 |
| Investments—publicly traded securities | $3,382,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,024 |
| Total assets | $5,536,372 |
| Accounts payable and accrued expenses | $310,289 |
| Grants payable | $0 |
| Deferred revenue | $80,780 |
| 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 | $39,705 |
| Other liabilities | $23,469 |
| Total liabilities | $454,243 |
| Net assets without donor restrictions | $5,082,129 |
| 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 | $5,536,372 |
Grants Awarded
Over the last fiscal year, Mississippi Manufacturers Association has awarded $695,859 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI STATE UNIVERSITYMISS STATE UNIVERSITY | | | $354,989 |
ITAWAMBA COMMUNITY COLLEGE | | | $100,000 |
UNIVERSITY OF SOUTHERN MISS | | | $91,526 |
NORTHEAST MISSISSIPPI COMMUNITY COL | | | $100,000 |
PEARL RIVER COMMUNITY COLLEGE | | | $49,344 |