Mississippi State University Research And Technology Corp is located in Mississippi State, MS. The organization was established in 2000. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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 State University Research And Technology Corp 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 06/2022, Mississippi State University Research And Technology Corp generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE & PROMOTE NEW TECHNOLOGIES & RESEARCH BY WORKING WITH BUSINESS, INDUSTRY AND MSU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING AND MAINTENANCE TO MAINTAIN THE UPKEEP OF BUILDINGS CONSTRUCTED FOR THE PURPOSE OF HOUSING RESEARCH AND DEVELOPMENT ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marc Mcgee Director | OfficerTrustee | 40 | $0 |
Julie Jordan President | Officer | 0 | $0 |
Keith Coble Vice President | Officer | 0 | $0 |
Don Zant Treasurer | Officer | 0 | $0 |
Joan Lucas Secretary/general Counsel | Officer | 0 | $0 |
Camille Young Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $806,531 |
All other contributions, gifts, grants, and similar amounts not included above | $27,834 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $834,365 |
Total Program Service Revenue | $0 |
Investment income | $9,150 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $100 |
Net Rental Income | $1,919,650 |
Net Gain/Loss on Asset Sales | $1,505 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,819,155 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $303,937 |
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 | $26,433 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $24,079 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $317,297 |
Travel | $4,811 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $95,843 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,161,458 |
Insurance | $69,484 |
All other expenses | $72,360 |
Total functional expenses | $3,619,458 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,738,998 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $239,845 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $5,403 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $37,561 |
Net Land, buildings, and equipment | $36,752,521 |
Investments—publicly traded securities | $0 |
Investments—other securities | $67,508 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,266 |
Total assets | $38,851,102 |
Accounts payable and accrued expenses | $857,714 |
Grants payable | $0 |
Deferred revenue | $87,233 |
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 | $8,927,232 |
Unsecured mortgages and notes payable | $1,693,093 |
Other liabilities | $19,882,891 |
Total liabilities | $31,448,163 |
Net assets without donor restrictions | $7,402,939 |
Net assets with donor restrictions | $0 |
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 | $38,851,102 |
Over the last fiscal year, we have identified 1 grants that Mississippi State University Research And Technology Corp has recieved totaling $6.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Organization Name | Assets | Revenue |
---|---|---|
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Mississippi State University Research And Technology Corp Mississippi State, MS | $38,851,102 | $3,819,155 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |
Bdf Elementary New Orleans, LA | $22,989,334 | $1,342,500 |
Prism Education Center Fayetteville, AR | $1,069,805 | $1,388,416 |