Southwest Mississippi Opportunity Inc
- Assets
- $1.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 17
- Location
- McComb, MS
- Founding
- 10/1974
- Data as of
- 09/2023
- EIN
- 64-0433629
Organization Overview
Southwest Mississippi Opportunity Inc is located in McComb, MS. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Southwest Mississippi Opportunity Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Mississippi Opportunity 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 09/2023, Southwest Mississippi Opportunity Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 5.1% 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
SOCIAL SERVICE AGENCY PROVIDING COMMUNITY SERVICES AND ASSISTANCE TO ELDERLY, LOW-INCOME AND OTHER PEOPLE MEETING PROGRAM REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMMUNITY SERVICE SUCH AS HOUSING, EDUCATION AND OTHER ASSISTANCE.
ENERGY ASSISTANCE AND CONSERVATION- PROVIDES ASSISTANCE TO LOW-INCOME INDIVIDUALS WITH ENERGY BILL PAYMENTS AND OTHER HOME HEATING AND COOLING COSTS.
FAMILY PRESERVATION-CHILD NUTRITION AND DEVELOPMENT AFTER SCHOOL FEEDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letoria Wilson Board Member | Trustee | 2 | $0 |
Annette Mcghee Vice Chairman | Trustee | 2 | $0 |
Lereginald Jones Board Member | Trustee | 2 | $0 |
Butch Graves Board Member | Trustee | 2 | $0 |
James Coney Board Member | Trustee | 2 | $0 |
Felicia Williams Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,383,883 |
| 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 | $3,383,883 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,385,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,537,749 |
| 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 | $431,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,887 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,633 |
| Advertising and promotion | $2,225 |
| Office expenses | $61,066 |
| Information technology | $14,332 |
| Royalties | $0 |
| Occupancy | $33,333 |
| Travel | $40,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,431 |
| Interest | $58 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,516 |
| All other expenses | $0 |
| Total functional expenses | $2,390,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,048,493 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $153,027 |
| Accounts receivable, net | $350 |
| 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 | $22,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,224,068 |
| Accounts payable and accrued expenses | $163,822 |
| Grants payable | $0 |
| Deferred revenue | $14,980 |
| 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 | $1,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,037 |
| Total liabilities | $204,603 |
| Net assets without donor restrictions | $1,019,465 |
| 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 | $1,224,068 |