New Way Mississippi Inc
- Assets
- $862.4k
- Revenue
- $687.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Jackson, MS
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 73-1631055
Organization Overview
New Way Mississippi Inc is located in Jackson, MS. The organization was established in 2003. 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, New Way Mississippi Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Way Mississippi Inc 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, New Way Mississippi Inc generated $687.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $725.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS, EX-OFFENDERS AND DISENFRANCHISED INDIVIDUALS. IMPLEMENTED A EMPLOYMENT TRAINING PROGRAM FOR ALL PROGRAM PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE PROGRAMMATIC SERVICES TO CLIENTS WITH EMPHASIS ON MENTAL HEALTH SERVICES AND JOB PLACEMENT SUPPORT
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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 | $455,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,720 |
| Total Program Service Revenue | $231,546 |
| Investment income | $0 |
| 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 | $687,266 |
| 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 | $45,246 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,524 |
| Pension plan accruals and contributions | $11,254 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,531 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,000 |
| 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 | $877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,497 |
| Travel | $0 |
| 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 | $41,462 |
| Insurance | $19,490 |
| All other expenses | $244,801 |
| Total functional expenses | $725,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,821 |
| Savings and temporary cash investments | $17,727 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $631,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $862,439 |
| Accounts payable and accrued expenses | $37,888 |
| 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 | $394,742 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,852 |
| Total liabilities | $571,482 |
| Net assets without donor restrictions | $290,957 |
| 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 | $862,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Way Mississippi Inc has recieved totaling $165,000.
| Awarding Organization | Amount |
|---|---|
Oxfam-America Inc Boston, MA PURPOSE: SAVING LIVES | $165,000 |
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 |