Mississippi Lumber Manufacturers Assn
- Assets
- $652.4k
- Revenue
- $569.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Jackson, MS
- Founding
- 12/1958
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Mississippi Lumber Manufacturers Assn generated $569.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $430.7k during the year ending 12/2023. While expenses have increased by 26.9% per year over the past 5 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 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 |
|---|---|---|---|
Jessica Atkins Director | Trustee | 0.5 | $0 |
Trey Hankins Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Todd Nodine Director | Trustee | 0.5 | $0 |
Dan Seale Ex Officio Advisor | Trustee | 0.5 | $0 |
Bill Schlottman Vice-President | OfficerTrustee | 0.5 | $0 |
Richard Batton Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $115,800 |
| 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 | $115,800 |
| Total Program Service Revenue | $423,945 |
| Investment income | $29,218 |
| 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 | $569,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,300 |
| 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 | $77,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,411 |
| Office expenses | $4,451 |
| Information technology | $31,682 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $11,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,503 |
| All other expenses | $600 |
| Total functional expenses | $430,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45 |
| Savings and temporary cash investments | $652,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $652,447 |
| Accounts payable and accrued expenses | $2,513 |
| Grants payable | $0 |
| Deferred revenue | $21,775 |
| 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 | $24,288 |
| Net assets without donor restrictions | $628,159 |
| 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 | $652,447 |
Grants Awarded
Over the last fiscal year, Mississippi Lumber Manufacturers Assn has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI STATE UNIVERSITY FOUNDATION PURPOSE: TO CONTINUE THE MISSION OF THE MLMA THROUGH SCHOLARSHIPS AWARDED TO MSU. | $21,000 |
MISSISSIPPI STATE UNIVERSITY WOOD MAGIC SCIENCE FAIR DEVELOPMENT FUND PURPOSE: TO CONTINUE THE MISSION OF THE MLMA THROUGH SCHOLARSHIPS AWARDED TO MSU. | $10,000 |