Mississippi Assoc Of Cooperatives
- Assets
- $846.9k
- Revenue
- $973.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Jackson, MS
- Founding
- 02/2015
- Data as of
- 04/2023
- EIN
- 64-0516373
Organization Overview
Mississippi Assoc Of Cooperatives is located in Jackson, MS. The organization was established in 2015. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 04/2023, Mississippi Assoc Of Cooperatives employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Assoc Of Cooperatives 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 04/2023, Mississippi Assoc Of Cooperatives generated $973.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $885.9k during the year ending 04/2023. While expenses have increased by 1.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER AND COORDINATE TECHNICAL ASSISTANCE, EDUCATIONAL TRAINING AND FINANCIAL PROGRAMS FOR SMALL FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD ECONOMICALLY DEPRESSED RURAL COMMUNITIES AND THEIR RESIDENTS THROUGHOUT THE STATE THROUGH COOPERATIVE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Foxx President | Trustee | 1 | $0 |
Sandra Bennett Vice President | Trustee | 1 | $0 |
Celeste Brown Rogers Secretary | Trustee | 1 | $0 |
Charles Houston Treasurer | Trustee | 1 | $0 |
David Newell Chaplain | Trustee | 1 | $0 |
Raphael Dent Fiscal Officer | Officer | 40 | $1,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $762,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,561 |
| Total Program Service Revenue | $0 |
| Investment income | $4,605 |
| 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 | $973,859 |
| 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 | $285,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,632 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,857 |
| Advertising and promotion | $420 |
| Office expenses | $49,611 |
| Information technology | $6,708 |
| Royalties | $0 |
| Occupancy | $11,276 |
| Travel | $90,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,380 |
| Interest | $1,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,068 |
| All other expenses | $81,359 |
| Total functional expenses | $885,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $88,845 |
| Accounts receivable, net | $9,753 |
| 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 | $20,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $846,944 |
| Accounts payable and accrued expenses | $91,291 |
| Grants payable | $0 |
| Deferred revenue | $42,200 |
| 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 | $2,804 |
| Total liabilities | $136,295 |
| Net assets without donor restrictions | $710,649 |
| 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 | $846,944 |
Grants Awarded
Over the last fiscal year, Mississippi Assoc Of Cooperatives has awarded $34,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MS MINORITY CANNABIS ASSOCIATION PURPOSE: Provide training | $25,000 |
ATTALA COUNTY SELF HELP COOPERATIVE PURPOSE: Provide outreach | $9,500 |