Mississippi Construction Education Foundation
- Assets
- $3.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 44
- Location
- Pearl, MS
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 72-1392119
Organization Overview
Mississippi Construction Education Foundation is located in Pearl, MS. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Mississippi Construction Education Foundation employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Construction Education Foundation 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 Construction Education Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.9% 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
PROMOTE CAREERS, RECRUITMENT AND TRAINING OF A QUALITY WORKFORCE FOR THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, MISSISSIPPI CONSTRUCTION EDUCATION FOUNDATION (MCEF) CONTINUED TO STRIVE IN MEETING THE GOALS AND OBJECTIVES THAT WERE INITIALLY ESTABLISHED BY ITS FOUNDERS MANY DECADES AGO. THE STAFF AT MCEF WORKED VIGOROUSLY TOWARDS THE FOUNDATION'S MISSION OF PROMOTING CAREERS, RECRUITING CAPABLE INDIVIDUALS, AND TRAINING A QUALITY WORKFORCE FOR THE CONSTRUCTION AND MANUFACTURING INDUSTRY IN MISSISSIPPI. MEMBERS OF THE MISSISSIPPI'S DEPARTMENT OF EDUCATION; CAREER AND TECHNICAL EDUCATION AND WORKFORCE DEVELOPMENT OFFICE ALONG WITH THE STAFF OF MCEF, MET FOUR (4) TIMES IN 2021 (ONCE A QUARTER) TO REVIEW THE GROWTH AND SUCCESS OF MISSISSIPPI'S CAREER AND TECHNICAL PROGRAMS ASSOCIATED WITH HIGH SCHOOLS THROUGHOUT THE STATE. MCEF'S STAFF ALSO MET WITH ALL 112 OF THE SECONDARY-CAREER AND TECHNICAL EDUCATIONAL (CTE) CENTERS, 3 TIMES IN 2021, TO SHARE PERTINENT INFORMATION NEEDED TO KEEP THE PROGRAMS OPERATING PROPERLY AND TO INFORM THEM OF ANY PROBLEM AREAS THAT MAY REQUIRE MORE ATTENTION THAT WILL ENSURE THE CONTINUED GROWTH AND IMPROVEMENT OF THEIR CAREER AND TECHNICAL PROGRAMS.ENROLLMENT IN SECONDARY PROGRAMS THROUGHOUT MS GREW DRASTICALLY DURING THE 2021 SCHOOL YEAR. MCEF OVERSAW 112 HIGH SCHOOLS THAT COMPRISED OF 186 CONSTRUCTION TRADE PROGRAMS INCLUDING 5,026 STUDENTS. THREE NEW CAREER AND TECHNICAL TRADE PROGRAMS WERE ADDED TO THE LARGE NUMBER OF EXISTING PROGRAMS THAT ARE RUNNING SMOOTHLY THROUGHOUT THE STATE. THE NUMBER OF 3 YEAR STUDENTS PARTICIPATING IN THE CT PROGRAMS INCREASED BY 49% AND IS RAPIDLY INCREASING. IN ADDITION, MCEF CERTIFIED OVER 50 NEW INSTRUCTORS IN THE NCCER CURRICULUM. MCEF STAFF ALSO CERTIFIED OVER 200 INMATES INCARCERATED IN CORRECTIONAL FACILITIES THROUGHOUT MS, PROVIDING THEM WITH THE PROPER EDUCATION AND TRAINING THEY NEED TO ENSURE A FRESH START IN THE WORKFORCE INDUSTRY UPON RELEASE FROM INCARCERATION.SEVERAL STUDENTS PARTICIPATING IN SECONDARY CAREER AND TECHNICAL EDUCATION PROGRAMS THROUGHOUT MS CONTINUE THEIR CONSTRUCTION EDUCATION AFTER GRADUATION. MCEF RECOGNIZES THE IMPORTANCE OF THESE STUDENTS RECEIVING CREDIT FOR WHAT THEY HAVE SUCCESSFULLY ACCOMPLISHED AND SEES NO REASON FOR THESE STUDENTS TO BE REQUIRED TO REPEAT CURRICULUM THEY HAVE ALREADY EARNED CREDENTIALS FORM. OUR GOAL FOR 2021 WAS FULFILLED BY REQUIRING THAT ALL 15 COMMUNITY COLLEGES, AND THEIR EXTENSIONS, UTILIZE THE NCCER CURRICULUM TO ENSURE THAT THE CONSTRUCTION CAREER PATH STUDENTS CAN CONTINUE THEIR EDUCATION UPON GRADUATION AND NOT BE REQUIRED TO START OVER. IN ADDITION, MCEF PROVIDED CREDENTIALS FOR ALL CONSTRUCTION STUDENTS IN THESE 15 COMMUNITY COLLEGES THAT ARE RECOGNIZED BY OVER 70 CONTRACTORS IN THE STATE OF MS. MCEF ALSO CONTINUED TRAINING FOR OVER 200 MEN AND OMEN PARTICIPATING IN IT'S APPRENTICESHIP PROGRAM IN NUMEROUS CONSTRUCTION AND MANUFACTURING TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Barkett President | Officer | 40 | $131,009 |
Bruce Brumfield Chairman | OfficerTrustee | 1 | $0 |
Jason Henry Vice Chairman | OfficerTrustee | 1 | $0 |
Jim Stewart Secretary | OfficerTrustee | 1 | $0 |
Wes Winborne Treasurer | OfficerTrustee | 1 | $0 |
Whit Adams Past Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,281,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,281,387 |
| Total Program Service Revenue | $414,652 |
| Investment income | $46,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,760,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,009 |
| Compensation of current officers, directors, key employees. | $22,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,516 |
| Payroll taxes | $61,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,505 |
| Fees for services: Other | $11,218 |
| Advertising and promotion | $0 |
| Office expenses | $60,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,815 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,779,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,468,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $406,250 |
| Accounts receivable, net | $151,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,846 |
| Prepaid expenses and deferred charges | $5,312 |
| Net Land, buildings, and equipment | $397,273 |
| Investments—publicly traded securities | $1,079,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,518,425 |
| Accounts payable and accrued expenses | $48,546 |
| Grants payable | $0 |
| Deferred revenue | $68,800 |
| 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 | $45,748 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $163,094 |
| Net assets without donor restrictions | $2,740,437 |
| Net assets with donor restrictions | $614,894 |
| 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 | $3,518,425 |
Peer Organizations
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|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Middle Tennessee State University Foundation Murfreesboro, TN | $117,999,587 | $16,471,509 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $205,885,270 | $12,953,560 |
The Valley Foundation Huntsville, AL | $15,802,575 | $12,088,655 |
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |