Mississippi Railroad Association Sterling Towers 307
- Assets
- $58.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 10/1946
- Data as of
- 12/2023
- EIN
- 64-6025774
Organization Overview
Mississippi Railroad Association Sterling Towers 307 is located in Jackson, MS. The organization was established in 1946. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Railroad Association Sterling Towers 307 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 12/2023, Mississippi Railroad Association Sterling Towers 307 generated $95.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $110.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
- MEMBER RETENTION: ALL 2022 MEMBERS RENEWED THEIR MEMBERSHIP IN THE ASSOCIATION IN 2023. - CONTINUED SUCCESSFUL LOBBYING ON LEGISLATIVE ISSUES WHICH IMPACT THE RAILROAD INDUSTRY IN MISSISSIPPI. - PLANNED AND EXECUTED TWO EXECUTIVE COMMITTEE MEETINGS AS WELL AS SEVERAL OTHER EXECUTIVE COMMITTEE CALLS. - PLANNED AND EXECUTED A LEGISLATIVE CONFERENCE FEATURING INDUSTRY BRIEFINGS, GRANT OPPORTUNITY TRAINING, AND A RECEPTION. IT ALSO INCLUDED MEETINGS WITH LEGISLATIVE LEADERS. - PLANNED AND EXECUTED INFORMATIONAL RAIL TOURS AT THE CN AND BNSF YARDS IN MEMPHIS. - REPRESENTED THE RAIL INDUSTRY IN MULTIPLE MEETINGS WITH THE MS DEPARTMENT OF TRANSPORTATION. - SUCCESSFUL MANAGEMENT OF ASSOCIATION MEMBERSHIP DUES AND EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Garriga Board Member | 1 | $0 | |
Larry Logan Board Member | 1 | $0 | |
Jane Covington Board Member | 1 | $0 | |
Elizabeth Lawlor Board Member | 1 | $0 | |
Stacey Lyons Former Chair | 1 | $0 | |
Manning Mcphillipscornerstone Executive Director | 20 | $82,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $95,557 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,557 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,500 |
| Professional fees and other payments to independent contractors | $2,719 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,343 |
| Total expenses | $110,562 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,917 |
| Other assets | $0 |
| Total assets | $58,917 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,917 |