Mississippi Food Network Inc
- Assets
- $23.1m
- Revenue
- $77.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Jackson, MS
- Founding
- 09/1983
- Data as of
- 06/2021
- EIN
- 64-0676325
Organization Overview
Mississippi Food Network Inc is located in Jackson, MS. The organization was established in 1983. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Mississippi Food Network Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Food Network 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 06/2021, Mississippi Food Network Inc generated $77.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $65.1m during the year ending 06/2021. While expenses have increased by 19.5% per year over the past 6 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.
Since 2015, Mississippi Food Network Inc has awarded 2,464 individual grants totaling $160,258,067. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERY PRODUCTS THROUGH A NETWORK OF MEMBER CHURCHES AND (SEE SCHEDULE O FOR CONTINUATION)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSISSIPPI FOOD NETWORK (MFN) PROVIDES FOOD TO AS MANY AS 150,000 HUNGRY MISSISSIPPIANS EACH MONTH. MFN ALSO OFFERS CHILD FEEDING PROGRAMS AND SENIOR FOOD BOX PROGRAMS. THE ORGANIZATION BEGAN THE SNAP OUTREACH PROGRAM TO ASSIST THE CLIENTS OF MEMBER AGENCIES IN PROVIDING FAMILIES WITH INFORMATION AND GUIDANCE TO HELP THEM RECEIVE BENEFITS THROUGH THE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles H Beady Jr Chief Executive Officer | Officer | 40 | $118,963 |
Rebecca Turner Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Josie Bidwell Chairman | OfficerTrustee | 1 | $0 |
Donnell Lewis Secretary | OfficerTrustee | 1 | $0 |
Russell Morrison Vice Chairman | OfficerTrustee | 1 | $0 |
Cindy Barron Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,605,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,646,563 |
| Noncash contributions included in lines 1a–1f | $56,506,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,252,459 |
| Total Program Service Revenue | $124,902 |
| Investment income | $11,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,392,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,899,600 |
| 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. | $130,706 |
| Compensation of current officers, directors, key employees. | $130,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,421,845 |
| Pension plan accruals and contributions | $85,779 |
| Other employee benefits | $334,859 |
| Payroll taxes | $113,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $429,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $569,248 |
| Advertising and promotion | $33,587 |
| Office expenses | $1,082,845 |
| Information technology | $108,221 |
| Royalties | $0 |
| Occupancy | $120,749 |
| Travel | $158,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,381 |
| Insurance | $96,259 |
| All other expenses | $0 |
| Total functional expenses | $65,107,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,850,864 |
| Savings and temporary cash investments | $11,401,647 |
| Pledges and grants receivable | $1,051,765 |
| Accounts receivable, net | $15,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,843,089 |
| Prepaid expenses and deferred charges | $92,038 |
| Net Land, buildings, and equipment | $1,889,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,144,263 |
| Accounts payable and accrued expenses | $146,452 |
| Grants payable | $0 |
| Deferred revenue | $126,158 |
| 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 | $272,610 |
| Net assets without donor restrictions | $14,992,461 |
| Net assets with donor restrictions | $7,879,192 |
| 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 | $23,144,263 |
Grants Awarded
Over the last fiscal year, Mississippi Food Network Inc has awarded $11,441,234 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, MS PURPOSE: See Part IV | $1,393,554 |
EBENEZER APOSTOLIC MINISTRIES PURPOSE: SEE PART IV | $955,176 |
Hattiesburg, MS PURPOSE: SEE PART IV | $590,086 |
Flora, MS PURPOSE: SEE PART IV | $561,215 |
Brandon, MS PURPOSE: SEE PART IV | $328,080 |
TRUE VINE MBC FOOD PANTRY PURPOSE: See Part IV | $326,759 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Mississippi Food Network Inc has recieved totaling $361,562.
| Awarding Organization | Amount |
|---|---|
Luckyday Foundation Jackson, MS PURPOSE: PROVIDE FOOD FOR THE NEEDY | $100,000 |
Wal-Mart Foundation Bentonville, AR PURPOSE: DISASTER RELIEF AND PREPAREDNESS | $65,000 |
Edwin E And Ruby C Morgan Foundation Inc Flowood, MS PURPOSE: GENERAL OPERATING EXPENSES | $40,000 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $23,443 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-South Food Bank Memphis, TN | $44,109,838 | $120,096,219 |
Mississippi Food Network Inc Jackson, MS | $23,144,263 | $77,392,396 |
Montgomery Area Food Bank Inc Montgomery, AL | $21,621,044 | $72,895,777 |
Feeding The Gulf Coast Theodore, AL | $30,651,678 | $51,935,641 |
Greater Baton Rouge Food Bank Inc Baton Rouge, LA | $22,656,649 | $36,802,762 |
Second Harvest Food Bank Of East Tennessee Maryville, TN | $28,785,775 | $40,115,958 |
Chattanooga Area Food Bank Inc Chattanooga, TN | $13,005,178 | $40,483,306 |
Community Food Bank Of Central Alabama Birmingham, AL | $19,652,655 | $33,855,843 |
Second Harvest Food Bank Of Northeast Tennessee Inc Kingsport, TN | $15,480,531 | $35,274,720 |
Food Bank Of North Alabama Huntsville, AL | $10,177,095 | $27,553,335 |
Northwest Arkansas Food Bank Bethel Heights, AR | $9,867,832 | $24,502,827 |
Feed America First Of Tennessee Murfreesboro, TN | $1,522,897 | $21,597,554 |