Operation Shoestring Inc
- Assets
- $5.8m
- Revenue
- $1.3m
- Investments
- $305.5k
- Employees
- 41
- Location
- Jackson, MS
- Founding
- 01/1969
- Data as of
- 07/2023
- EIN
- 64-0471554
Organization Overview
Operation Shoestring Inc is located in Jackson, MS. The organization was established in 1969. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 07/2023, Operation Shoestring Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Shoestring 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 07/2023, Operation Shoestring Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.1m during the year ending 07/2023. While expenses have increased by 7.5% 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
OPERATION SHOESTRING EXISTS TO INVEST IN THE HEARTS AND MINDS OF OUR CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT RISE AFTERSCHOOL AND SUMMER PROGRAM:OPERATION SHOESTRING'S PROJECT RISE AFTERSCHOOL AND SUMMER PROGRAM PROVIDES ENGAGING EDUCATIONAL, ARTISTIC, AND SOCIAL-EMOTIONAL DEVELOPMENT ACTIVITIES FOR PRE-KINDERGARTEN THROUGH 5TH GRADE STUDENTS, THE MAJORITY OF WHOM ARE ENROLLED AT WALTON AND GALLOWAY ELEMENTARY SCHOOLS. CURRENTLY, OUR WORK IS HAVING A POSITIVE IMPACT ON THE ACADEMIC AND BEHAVIORAL DEVELOPMENT OF STUDENTS ENROLLED IN PROJECT RISE.
COMMUNITY OUTREACH:OPERATION SHOESTRING DEPENDS ON PARTNERSHIPS WITH PEOPLE AND ORGANIZATIONS ACROSS OUR COMMUNITY TO OFFER RESOURCES AND EXPERTISE, INCLUDING THOSE FOCUSED ON MENTAL AND PHYSICAL HEALTH, NUTRITION, FINANCIAL LITERACY, EDUCATION, COMMUNITY SAFETY, AND MORE.
PARENT INITIATIVES:SHOESTRING'S PARENT INITIATIVES INCLUDE WORKSHOPS DESIGNED TO HELP PARENTS AND CAREGIVERS DEVELOP TOOLS AND RESOURCES THAT CAN BEST HELP THEIR FAMILIES REALIZE THEIR OWN SELF-DETERMINED POTENTIAL AND THRIVE. OUR CURRENT WORKSHOPS INCLUDE THOSE FOCUSED ON PARENTING, STRESS MANAGEMENT, HEALTH AND WELLNESS, AND FINANCIAL LITERACY. THESE TOPICS ARE DETERMINED BY SELF-DESCRIBED NEEDS OF PARTICIPATING PARENTS. WE ALSO PROVIDE SOME RESOURCES IN SUPPORT OF FAMILIES IN CRISIS.
MS STATEWIDE AFTERSCHOOL NETWORK:OPERATION SHOESTRING IS THE FISCAL AGENT AND ADMINISTRATIVE SUPPORT ORGANIZATION FOR A STATEWIDE AFTERSCHOOL NETWORK FOCUSED ON CREATING MORE HIGH-QUALITY AFTERSCHOOL AND SUMMER PROGRAMS IN MISSISSIPPI. NEAR-TERM PRIORITIES AND WORK INCLUDE CREATING QUALITY STANDARDS AND PROVIDING TECHNICAL ASSISTANCE AND TRAINING FOR SCHOOL- AND COMMUNITY-BASED AFTERSCHOOL PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Rainey President | OfficerTrustee | 2 | $0 |
Alicia Netterville Vice-President | OfficerTrustee | 2 | $0 |
Von Gordon Secretary | OfficerTrustee | 2 | $0 |
Nancy Smith Treasurer | OfficerTrustee | 2 | $0 |
Alisha Redd Board Member | Trustee | 2 | $0 |
Deidra Bell Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayrant And Associates Contractor | 7/30/21 | $180,860 |
Project Solutions Llc Evaluator | 7/30/21 | $120,141 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,121,102 |
| Noncash contributions included in lines 1a–1f | $11,582 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,134 |
| Total Program Service Revenue | $30,000 |
| Investment income | $24,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,314,193 |
| 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. | $151,251 |
| Compensation of current officers, directors, key employees. | $24,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,901 |
| Pension plan accruals and contributions | $21,047 |
| Other employee benefits | $69,080 |
| Payroll taxes | $79,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,075 |
| Fees for services: Other | $281,725 |
| Advertising and promotion | $9,450 |
| Office expenses | $69,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,552 |
| Travel | $17,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,682 |
| Insurance | $48,735 |
| All other expenses | $0 |
| Total functional expenses | $2,143,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,058,208 |
| Savings and temporary cash investments | $504,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $344,237 |
| 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 | $37,723 |
| Net Land, buildings, and equipment | $3,558,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $305,523 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,851 |
| Total assets | $5,816,914 |
| Accounts payable and accrued expenses | $69,116 |
| 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 | $69,116 |
| Net assets without donor restrictions | $4,853,058 |
| Net assets with donor restrictions | $894,740 |
| 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 | $5,816,914 |