Mississippi Lumber Manufacturers Assn
- Assets
- $414.2k
- Revenue
- $238.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Jackson, MS
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 64-0335847
Organization Overview
Mississippi Lumber Manufacturers Assn is located in Jackson, MS. The organization was established in 1958. 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 12/2021, Mississippi Lumber Manufacturers Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Lumber Manufacturers Assn 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 12/2021, Mississippi Lumber Manufacturers Assn generated $238.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $210.6k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MISSISSIPPI LUMBER INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MLMA MEMBERS CONTRIBUTE TO THE ECONOMY OF THEIR LOCAL COMMUNITIES, THE STATE AND NATION BY PROVIDING JOBS AND LUMBER PRODUCTS. THEY PLAY A LEADING ROLE IN THE STATE OF MISSISSIPPI THROUGH SCHOLARSHIP PROGRAMS AND IN THE MANUFACTURING OF FOREST PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellery Jones Executive Director | Officer | 30 | $19,961 |
Lauren Benner Former Executive Director | Officer | 20 | $15,214 |
Lisa Hunter President | OfficerTrustee | 0.5 | $0 |
Bud Reaves Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Doug Boykin Vice-President | OfficerTrustee | 0.5 | $0 |
Trey Hankins Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,152 |
| 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 | $56,152 |
| Total Program Service Revenue | $180,847 |
| Investment income | $783 |
| 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 | $237,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,500 |
| 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. | $35,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $319 |
| Office expenses | $7,519 |
| Information technology | $15,613 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $4,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,213 |
| All other expenses | $0 |
| Total functional expenses | $210,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,692 |
| Savings and temporary cash investments | $411,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,161 |
| Accounts payable and accrued expenses | $746 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $746 |
| Net assets without donor restrictions | $413,415 |
| 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 | $414,161 |
Grants Awarded
Over the last fiscal year, Mississippi Lumber Manufacturers Assn has awarded $23,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mississippi State, MS PURPOSE: TO CONTINUE THE MISSION OF THE MLMA THROUGH SCHOLARSHIPS AWARDED TO MSU. | $16,000 |
Jackson, MS PURPOSE: TO CONTINUE THE MISSION OF THE MLMA THROUGH WORKFORCE DEVELOPMENT. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Radio Music License Committee Brentwood, TN | $1,028,521 | $6,574,625 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |