Montgomery Institute
- Assets
- $2.0m
- Revenue
- $271.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Meridian, MS
- Founding
- 05/2001
- Data as of
- 08/2023
- EIN
- 64-0932080
Organization Overview
Montgomery Institute is located in Meridian, MS. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Montgomery Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Institute 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 08/2023, Montgomery Institute generated $271.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $259.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT REGIONAL COMMUNITY BUILDING PROGRAMS WHICH ADVANCE LEADERSHIP & WORKFORCE DEVELOPMENT, STRATEGIC THINKING & ANALYSIS, & INFO. DISSEMINATION AMONG EAST MS AND WEST AL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) STRATEGIC THINKING AND ANALYSIS SERVICES TO AREA COMMUNITY ORGANIZATIONS FOR PURSUIT OF INNOVATIVE PROGRAMS AND RESOURCES FOR IMPROVED OVERALL HEALTHCARE; B) COORDINATED RESEARCH AND PLANNING SESSIONS AMONG HEALTH CARE PROVIDERS AND COMMUNITY LEADERS TO OPERATE THE COMMUNITY HEALTH IMPROVEMENT NETWORK, A HRSA DESIGNATED RURAL HEALTH NETWORK. C) INFORMATION DISSEMINATION: THE COMMUNITY HEALTH IMPROVEMENT NETWORK, CREATED BROCHURES DISSEMINATING PUBLIC HEALTH INFORMATION DISPELLING MYTHS ABOUT THE COVID-19 VACCINE TO SPREAD VACCINE CONFIDENCE IN LAUDERDALE, NESHOBA, & KEMPER COUNTIES. THE MONTGOMERY INSTITUTE CONTINUED AS THE SPONSOR OF THE KEMPER, NESHOBA, AND NOXUBEE COUNTIES TOBACCO-FREE COALITION PROGRAM THAT DISSEMINATES ANTI-TOBACCO INFORMATION TO STUDENTS IN THREE COUNTIES OF EAST MISSISSIPPI. TMI MAINTAINS ITS WWW.TMI.MS WEBSITE TO PROVIDE INFORMATION TO CITIZENS AND COMMUNITY LEADERS IN THE BI-STATE REGION. D) RESOURCE GATHERING: DURING THIS FISCAL YEAR, THE MONTGOMERY INSTITUTE RECEIVED GRANTS AND CONTRIBUTIONS SUPPORTING INITIATIVES THAT ADDRESSED LEADERSHIP AND WORKFORCE DEVELOPMENT, STRATEGIC THINKING AND ANALYSIS, AND INFORMATION DISSEMINATION: 1) PRIVATE FOUNDATION AND BUSINESS AND INDIVIDUAL GIFTS SUPPORTING THE MERIDIAN FREEDOM PROJECT UNTIL MAY 2022; AND 2) PUBLIC FUNDS SUPPORTING THE KEMPER, NESHOBA, AND NOXUBEE COUNTIES TOBACCO-FREE COALITION PROGRAM. TMI ALSO MAINTAINED ITS ENDOWMENT. TMI RECEIVED CONTRIBUTIONS FROM INDIVIDUALS AND BUSINESSES TO BE USED AS MATCHING FUNDS FOR GRANTS AND TO SUPPORT OPERATIONS. 3) THE COMMUNITY HEALTH IMPROVEMENT NETWORK USED DATA GATHERED FROM COMMUNITY NEEDS ASSESSMENTS FROM LOCAL HOSPITALS TO SUPPORT COMMUNITY HEALTH EDUCATION THROUGH LUNCH & LEARN EVENTS FOR THE UNDERSERVED AND UNDERPRIVILEGED POPULATION. E) ACTIVITIES THAT REVITALIZE OR STABILIZE LOW- OR MODERATE-INCOME PEOPLE OR GEOGRAPHIES IN THE REGION: THROUGH THE MERIDIAN FREEDOM PROJECT TMI PROVIDED SERVICES TO LOW-TO-MODERATE INCOME STUDENTS FROM PUBLIC AND PRIVATE SCHOOLS IN LAUDERDALE COUNTY UNTIL MAY 2022; TMI ALSO PROVIDED SUPPORT SERVICES FOR THE COMMUNITY HEALTH IMPROVEMENT NETWORK, A CHARITABLE ORGANIZATION CREATED TO IMPROVE HEALTH CARE OUTCOMES FOR THE LOW-INCOME, UNDERSERVED POPULATION IN LAUDERDALE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dudley Director | Trustee | 2 | $0 |
Soraya Weldon Director | Trustee | 2 | $0 |
Archie Mcdonnell Director | Trustee | 2 | $0 |
Tracy Alford Director | Trustee | 2 | $0 |
Cd Smith Chairman | Officer | 2 | $0 |
Brad Huff Treasurer/secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,807 |
| Total Program Service Revenue | $0 |
| Investment income | $71,830 |
| 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 | $271,637 |
| 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 | $186,499 |
| 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 | $7,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,593 |
| Office expenses | $23,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251 |
| Insurance | $9,363 |
| All other expenses | $0 |
| Total functional expenses | $259,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,750 |
| Savings and temporary cash investments | $75,867 |
| Pledges and grants receivable | $11,969 |
| Accounts receivable, net | $3,708 |
| 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 | $1,475 |
| Net Land, buildings, and equipment | $2,447 |
| Investments—publicly traded securities | $1,666,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,495 |
| Total assets | $2,046,133 |
| Accounts payable and accrued expenses | $14,884 |
| 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 | $6,495 |
| Total liabilities | $21,379 |
| Net assets without donor restrictions | $610,624 |
| Net assets with donor restrictions | $1,414,130 |
| 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 | $2,046,133 |