Mississippi Junior Colleges Economic Development Foundation In
- Assets
- $495.9k
- Revenue
- $115.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Jackson, MS
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 64-0736785
Organization Overview
Mississippi Junior Colleges Economic Development Foundation In is located in Jackson, 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. As of 06/2021, Mississippi Junior Colleges Economic Development Foundation In employed 3 individuals. 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 06/2021, Mississippi Junior Colleges Economic Development Foundation In generated $115.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $177.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.2%) per year over the past 6 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 62 individual grants totaling $762,125. 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
2021
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 ACADEMY (MCCLA):THE MCCLA PROGRAM WAS ESTABLISHED IN THE SPRING OF 2009 TO ADDRESS THE IMPENDING SHORTAGE OF LEADERS WITHIN MISSISSIPPI COMMUNITY & JUNIOR COLLEGES. IT IS EVIDENT THAT THE RETIREMENT NATIONWIDE OF COLLEGE PRESIDENTS AND OTHER LEADERS OVER THE NEXT FIVE TO TEN YEARS WILL LEAVE A SHORTAGE OF SEASONED COLLEGE LEADERS UNLESS COLLEGES AND COLLEGE SYSTEMS BEGIN TO EQUIP POTENTIAL LEADERS TO ACCEPT LEADERSHIP ROLES. THE MCCLA WAS FOUNDED TO PREPARE THOSE WHO ARE ALREADY A PART OF THE MISSISSIPPI COMMUNITY COLLEGE FAMILY TO ASSUME GREATER LEADERSHIP ROLES IN THE FUTURE. THE ACADEMY 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.THIRTY-SEVEN GRADUATED FROM THE LEADERSHIP ACADEMY IN 2021, BRINGING THE TOTAL GRADUATES OF MCCLA TO 414 OVER THE FIRST 12 YEARS OF THE PROGRAM. GRADUATES WERE FROM THE FIFTEEN PUBLIC COMMUNITY COLLEGES, THE MCCB, MISSISSIPPI STATE UNIVERSITY, AND DELTA STATE UNIVERSITY. THE PARTNERSHIP WITH MISSISSIPPI STATE UNIVERSITY (MSU) CONTINUES TO REMAIN VERY STRONG. MSU ASSISTS WITH PROGRAM COSTS THROUGH AN ANNUAL GRANT, AND A TOTAL OF 30 MSU PARTICIPANTS HAVE GRADUATED FROM THE LEADERSHIP ACADEMY.
MISSISSIPPI COMMUNITY AND JUNIOR COLLEGE SPORTS HALL OF FAME (SHF):THE 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 WORKED WITH THE SHF EXECUTIVE COMMITTEE TO COORDINATE THE RECOGNITION BANQUET OF THE INDUCTEES ON APRIL 27TH, 2021.
MCCF PARTNERS WITH SEVERAL STATE AGENCIES AND CORPORATE FRIENDS TO PROVIDE ENRICHMENT AND ENHANCEMENTS TO SERVICES OFFERED THROUGH THE COLLEGES TO THE STUDENTS AND TO THE GENERAL PUBLIC IN OUR STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Huebner Chair | OfficerTrustee | 1 | $0 |
Dr Ricky Ford Vice-Chair | OfficerTrustee | 1 | $0 |
Dr Jay Allen Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Dr Ronald Nettles Executive Director | Officer | 40 | $0 |
Dr Andrea Mayfield Board Member | Trustee | 1 | $0 |
Mr Lucien Bourgeois JD 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 | $59,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,318 |
| Total Program Service Revenue | $56,085 |
| 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 | $115,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,525 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $17,883 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,246 |
| Advertising and promotion | $0 |
| Office expenses | $11,671 |
| Information technology | $244 |
| Royalties | $0 |
| Occupancy | $13,509 |
| Travel | $25,036 |
| 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 | $770 |
| Insurance | $3,042 |
| All other expenses | $0 |
| Total functional expenses | $177,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,138 |
| Savings and temporary cash investments | $81,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,385 |
| 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 | $1,970 |
| Net Land, buildings, and equipment | $771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $495,912 |
| Accounts payable and accrued expenses | $5,152 |
| 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 | $81,448 |
| Total liabilities | $86,600 |
| Net assets without donor restrictions | $378,596 |
| Net assets with donor restrictions | $30,716 |
| 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 | $495,912 |
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 |
|---|---|
Fulton, MS PURPOSE: WOODWARD HINES EDUCATION FOUNDATION GRANT | $3,400 |
COAHOMA COMMUNITY COLLEGE FOUNDATION PURPOSE: WOODWARD HINES EDUCATION FOUNDATION GRANT | $2,125 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mississippi Junior Colleges Economic Development Foundation In has recieved totaling $319,818.
| Awarding Organization | Amount |
|---|---|
Woodward Hines Education Foundation Jackson, MS PURPOSE: TO SUPPORT THE FINANCIAL STABILIZATION OF COMMUNITY COLLEGES WHO HAVE EXPERIENCED EXTREME HARDSHIPS AS A RESULT OF COVID-19, AND SERVE AS THE MOST ACCESSIBLE, AFFORDABLE SOURCE OF HIGHER EDUCATION FOR MISSISSIPPI STUDENTS. THE VAST AMOUNT OF UNCERTAINTY SURROUNDING INSTITUTIONAL RESOURCES, SERVICE DELIVERY METHODS, AND STUDENT ACCESS AND SUCCESS DURING THE 2020-21 ACADEMIC YEAR GREATLY THREATENS THEIR ABILITY TO CONTINUE TO OPERATE IN THE SHORT-TERM. | $310,000 |
Woodward Hines Education Foundation Jackson, MS PURPOSE: TO ESTABLISH A STUDENT RELIEF FUND AT ALL 15 MISSISSIPPI COMMUNITY COLLEGES TO DIRECTLY SUPPORT STUDENTS, WHO HAVE EXPERIENCED HARDSHIPS AS A RESULT OF COVID-19, TO HELP THEM ACHIEVE ACADEMIC SUCCESS. IN WHEF'S THEORY OF CHANGE, "ADEQUATE AID AND "ACADEMIC, SOCIAL AND FINANCIAL SUPPORTS ARE AVAILABLE AT ALL POST-SECONDARY INSTITUTIONS" ARE IDENTIFIED AS OUTCOMES. | $9,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |