Mississippi Low-Income Child-Care Initiative
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Biloxi, MS
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 64-0943404
Organization Overview
Mississippi Low-Income Child-Care Initiative is located in Biloxi, MS. The organization was established in 2001. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Mississippi Low-Income Child-Care Initiative employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Low-Income Child-Care Initiative 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 12/2021, Mississippi Low-Income Child-Care Initiative generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $863.6k during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AWARENESS, TRAINING, AND UNDERSTANDING TO CHILDCARE PROVIDERS OF LOW INCOME FAMILIES. TO PROVIDE DEVELOPMENT, TRAINING, AND ENHANCMENT OF CHILDCARE CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHLIGHTING INEFFECTIVE POLICIES AND INEQUALITY IN THE LOW-INCOME CHILDCARE SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Burnett Executive Director | Officer | 30 | $40,000 |
Oleta Fitzgerald President | OfficerTrustee | 1 | $0 |
Joe Hudson Treasurer | OfficerTrustee | 1 | $0 |
Shirley Mock Secretary | OfficerTrustee | 1 | $0 |
Dorothy Lewis Board Member | Trustee | 1 | $0 |
Dr Wanda Newell 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 | $1,344,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,997 |
| Total Program Service Revenue | $0 |
| Investment income | $540 |
| 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 | $1,345,537 |
| 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. | $40,154 |
| Compensation of current officers, directors, key employees. | $4,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,693 |
| Advertising and promotion | $0 |
| Office expenses | $14,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,610 |
| Travel | $4,495 |
| 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 | $6,676 |
| Insurance | $5,291 |
| All other expenses | $0 |
| Total functional expenses | $863,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $927,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $590,821 |
| Accounts receivable, net | $0 |
| 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 | $2,421 |
| Net Land, buildings, and equipment | $63,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,584,822 |
| Accounts payable and accrued expenses | $62,422 |
| Grants payable | $0 |
| Deferred revenue | $175,081 |
| 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 | $0 |
| Total liabilities | $237,503 |
| Net assets without donor restrictions | $1,339,319 |
| Net assets with donor restrictions | $8,000 |
| 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 | $1,584,822 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mississippi Low-Income Child-Care Initiative has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Hearst Foundation Inc New York, NY PURPOSE: OPERATING SUPPORT | $75,000 |
Groundswell Fund San Francisco, CA PURPOSE: Program Support | $30,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Council On Human Relations Auburn, AL | $6,401,278 | $9,595,269 |
Vans Kiddie Care Incorporated New Iberia, LA | $1,467,378 | $10,445,332 |
Agenda For Children Inc New Orleans, LA | $5,603,740 | $8,555,608 |
Covenant House New Orleans New Orleans, LA | $11,959,042 | $8,505,240 |
Conway County Community Service Inc Morrilton, AR | $2,601,961 | $8,443,108 |
Childrens Advocacy Centers Of Arkansas Little Rock, AR | $1,115,079 | $3,589,770 |
Tennessee Childrens Home Foundation Inc Spring Hill, TN | $9,245,471 | $357,345 |
Vera Lloyd Presbyterian Family Services Inc Little Rock, AR | $5,366,248 | $2,950,859 |
Comprehensive Juvenile Services Inc Fort Smith, AR | $897,209 | $2,192,371 |
Education & Treatment Council Inc Lake Charles, LA | $2,514,175 | $2,529,591 |
Dallas County Childrens Policy Council Selma, AL | $309,749 | $1,964,823 |
Youth Service Bureau Of St Tammany Covington, LA | $2,179,105 | $2,012,790 |