Mississippi Junior Colleges Economic Development Foundation In
- Assets
- $464.8k
- Revenue
- $98.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Flowood, MS
- Founding
- 03/1987
- Data as of
- 06/2024
- EIN
- 64-0736785
Organization Overview
Mississippi Junior Colleges Economic Development Foundation In is located in Flowood, MS. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Junior Colleges Economic Development Foundation In 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 06/2024, Mississippi Junior Colleges Economic Development Foundation In generated $98.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $102.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (20.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mississippi Junior Colleges Economic Development Foundation In has awarded 47 individual grants totaling $462,125. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE EDUCATION IN MISSISSIPPI PUBLIC COMMUNITY AND JUNIOR COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSISSIPPI COMMUNITY COLLEGE LEADERSHIP ACADEMYTHE MISSISSIPPI COMMUNITY COLLEGE LEADERSHIP ACADEMY (MCCLA) WAS FOUNDED IN 2009 TO PREPARE PROFESSIONALS AND OTHERS TO ASSUME GREATER LEADERSHIP ROLES IN THE COMMUNITY COLLEGE SYSTEM. THE MCCLA IS DESIGNED TO DRAW UPON THE WISDOM AND EXPERTISE OF COLLEGE PRESIDENTS AND OTHER INDIVIDUALS IN COLLEGE LEADERSHIP, AS WELL AS INDIVIDUALS WHO MAY PROVIDE A MORE GLOBAL VIEW OF THE COLLEGE AND ITS FUTURE.TWENTY-SIX PARTICIPANTS GRADUATED FROM THE MCCLA IN MAY OF 2024, BRINGING THE TOTAL NUMBER OF GRADUATES TO 509. GRADUATES WERE FROM PUBLIC COMMUNITY COLLEGES, THE MCCB, MISSISSIPPI STATE UNIVERSITY, AND MISSISSIPPI UNIVERSITY FOR WOMEN. THE STENNIS INSTITUTE OF GOVERNMENT AT MISSISSIPPI STATE UNIVERSITY PROVIDES ASSISTANCE AND AN ANNUAL GRANT OF $40,000.
MISSISSIPPI COMMUNITY AND JUNIOR COLLEGE SPORTS HALL OF FAMETHE MISSISSIPPI COMMUNITY COLLEGE SPORTS HALL OF FAME (SHF) WAS CONCEIVED IN THE FALL OF 2006 AS A MEANS OF RECOGNIZING ATHLETES AND COACHES WHO HAVE PLAYED AND/OR COACHED IN ONE OR MORE OF MISSISSIPPI'S PUBLIC COMMUNITY AND JUNIOR COLLEGES. THE FIRST INDUCTION BANQUET WAS HELD AT CO-LIN IN APRIL 2007.MCCF WORKS WITH THE SHF EXECUTIVE COMMITTEE TO COORDINATE THE ANNUAL RECOGNITION BANQUET. FIFTEEN HONOREES WERE INDUCTED INTO THE HALL OF FAME AT A CEREMONY ON TUESDAY, APRIL 23, 2024.
THE MISSISSIPPI LAND BANK SCHOLARSHIPTHE MISSISSIPPI LAND BANK ESTABLISHED THE MS LAND BANK ANNUAL SCHOLARSHIP IN APRIL OF 2006. IN FY 2024, A TOTAL OF $4,500 WAS AWARDED THROUGH THE MISSISSIPPI COMMUNITY COLLEGE FOUNDATION TO NORTHWEST COMMUNITY COLLEGE, NORTHEAST COMMUNITY COLLEGE, ITAWAMBA COMMUNITY COLLEGE, COAHOMA COMMUNITY COLLEGE, MISSISSIPPI DELTA COMMUNITY COLLEGE, AND EAST CENTRAL COMMUNITY COLLEGE TO RECOGNIZE OUTSTANDING STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Adam Breerwood Board Member | Trustee | 1 | $0 |
Dr Brent Gregory Vice Chair | OfficerTrustee | 1 | $0 |
Dr Ed Davis Board Member | Trustee | 1 | $0 |
Dr Jay Allen Board Member | Trustee | 1 | $0 |
Dr Jesse Smith Board Member | Trustee | 1 | $0 |
Dr Jim Haffey Board Member | Trustee | 1 | $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 | $44,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,500 |
| Total Program Service Revenue | $53,320 |
| Investment income | $972 |
| 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 | $98,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,200 |
| Advertising and promotion | $0 |
| Office expenses | $1,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,188 |
| All other expenses | $0 |
| Total functional expenses | $102,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,099 |
| Savings and temporary cash investments | $336,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,800 |
| 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 | $726 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $464,845 |
| Accounts payable and accrued expenses | $9,269 |
| 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 | $52,653 |
| Total liabilities | $61,922 |
| Net assets without donor restrictions | $377,707 |
| Net assets with donor restrictions | $25,216 |
| 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 | $464,845 |
Grants Awarded
Over the last fiscal year, Mississippi Junior Colleges Economic Development Foundation In has awarded $5,525 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ITAWAMBA COMMUNITY COLLEGE FOUNDATION INC PURPOSE: WOODWARD HINES EDUCATION FOUNDATION GRANT | $3,400 |
COAHOMA COMMUNITY COLLEGE FOUNDATION PURPOSE: WOODWARD HINES EDUCATION FOUNDATION GRANT | $2,125 |