Gulf Coast Carnival & Literary Association Of Biloxi Mississippi
- Assets
- $1.1m
- Revenue
- $478.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Biloxi, MS
- Founding
- 04/1978
- Data as of
- 09/2023
- EIN
- 64-0409646
Organization Overview
Gulf Coast Carnival & Literary Association Of Biloxi Mississippi is located in Biloxi, MS. The organization was established in 1978. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Carnival & Literary Association Of Biloxi Mississippi is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Gulf Coast Carnival & Literary Association Of Biloxi Mississippi generated $478.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $418.8k during the year ending 09/2023. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MS GULF COAST MARDI GRAS: STREET PARADE, CORONATION CELEBRATION, ROYAL RECEPTION (OPEN TO PUBLIC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MS GULF COAST MARDI GRAS: STREET PARADE, CORONATION CELEBRATION, ROYAL RECEPTION, SUMMER SOCIAL MEMBERSHIP DRIVE (ALL OPEN TO PUBLIC) AND SPONSORS' RECEPTION TO INTRODUCE ROYALTY TO COMMUNITY SPONSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Schmidt Executive Director | Trustee | 40 | $50,808 |
Keith Williams Chairman | OfficerTrustee | 1 | $0 |
Mark Mavar Vice Chairman & Secretary | OfficerTrustee | 1 | $0 |
Michael O'neill Treasurer | OfficerTrustee | 1 | $0 |
Keith Wade Captain Of Carnival | OfficerTrustee | 10 | $0 |
David Harris Lieutenant Of Carnival | Trustee | 10 | $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 | $478,242 |
| Investment income | $407 |
| 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 | $478,649 |
| 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 | $50,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,957 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $17,050 |
| Office expenses | $7,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,010 |
| All other expenses | $16,160 |
| Total functional expenses | $418,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,786 |
| Savings and temporary cash investments | $0 |
| 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 | $522,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,730 |
| Accounts payable and accrued expenses | $2,348 |
| Grants payable | $0 |
| Deferred revenue | $360,451 |
| 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 | $61,091 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $423,890 |
| Net assets without donor restrictions | $645,840 |
| 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 | $1,069,730 |