Northeast Mississippi Incubator System Inc
- Assets
- $48.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ripley, MS
- Founding
- 02/1994
- 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 undefined, Northeast Mississippi Incubator System Inc generated $51.5k 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 (11.7%) each year. All expenses for the organization totaled $98.3k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES 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 |
|---|---|---|---|
Ray Mcclellan Exec Director | 40 | $56,031 | |
Alvia Blakney Director | 0.5 | $0 | |
Norman Isbell Director | 0.5 | $0 | |
Duane Bullard President | 1 | $0 | |
Chris Lewellen Director | 0.5 | $0 | |
Kim Ratliff Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$13,490 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,510 |
| Statement of Expenses | |
|---|---|
| Total expenses | $98,332 |
| Balance Sheet | |
|---|---|
| Total assets | $48,155 |
| Total liabilities | $735 |
| Net assets or fund balances | $47,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Tennessee Association Of Realtors Inc Nashville, TN | $17,345,210 | $4,984,800 |
Bayou Community Foundation Houma, LA | $3,602,987 | $6,537,741 |
Alabama Association Of Realtors Inc Montgomery, AL | $13,443,262 | $4,436,366 |
National Hbpa Inc New Orleans, LA | $3,817,270 | $3,435,163 |
Rogers Lowell Area Chamber Of Commerce Rogers, AR | $2,512,519 | $3,164,413 |
Rutherford County Chamber Of Commerce Murfreesboro, TN | $8,658,825 | $3,342,621 |
Home Builders Association Of Alabama Montgomery, AL | $9,950,531 | $2,696,585 |
Paymentsfirst Inc Birmingham, AL | $2,506,758 | $3,006,351 |