Northeast Mississippi Incubator System Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ripley, MS
- Founding
- 02/1994
- Data as of
- 05/2022
- EIN
- 64-0818930
Organization Overview
Northeast Mississippi Incubator System Inc is located in Ripley, MS. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Mississippi Incubator System Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2022, Northeast Mississippi Incubator System Inc generated $16.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $64.2k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED BASIC BUSINESS SERVICES AND LEASES SPACE TO START-UP BUSINESSES IN NORTHEAST MISSISSIPPI TO STIMULATE ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lewellen Manager | 40 | $0 | |
Alvia Blakney Director | 0.5 | $0 | |
Norman Isbell Director | 0.5 | $0 | |
Chris Lewellen Director | 0.5 | $0 | |
Kim Ratliff Secretary | 0.5 | $0 | |
Duane Bullard President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,800 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,800 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $740 |
| Professional fees and other payments to independent contractors | $2,170 |
| Occupancy, rent, utilities, and maintenance | $2,265 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,045 |
| Total expenses | $64,220 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |