Mississippi Economic Growth Alliance And Point Of Presence
- Assets
- $2.0m
- Revenue
- $70.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 76-0844983
Organization Overview
Mississippi Economic Growth Alliance And Point Of Presence is located in Tupelo, MS. The organization was established in 2007. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Economic Growth Alliance And Point Of Presence 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 12/2023, Mississippi Economic Growth Alliance And Point Of Presence generated $70.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $242.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mississippi Economic Growth Alliance And Point Of Presence has awarded 16 individual grants totaling $126,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEGAPOP WAS FOUNDED IN 2002 TO INCREASE BROADBAND AVAILABILITY IN THE NORTHEAST MISSISSIPPI REGION THROUGH BETTER INFRASTRUCTURE, ECONOMIES OF SCALE AND EDUCTION IN ORDER TO FOSTER THE CREATION OF HIGH-SPEED INTERNET "POINTS OF PRESENCE" IN NORTH MISSISSIPPI THROUGH ENCOURAGING PUBLIC- PRIVATE AND COOPERATIVE PARTNERSHIPS. MEGAPOP'S GOALS INCLUDE IMPROVING ECONOMIC VIABILITY IN THE AREA, CREATING DEMAND FOR HIGH-SPEED INTERNET AND INCREASED BUILD-OUT OF "LAST MILE ACCESS".
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION UTILIZED LEASE INCOME FROM THE CAPITAL LEASE OF THE EXISTING FIBER OPTIC BACKBONE TO CONTINUE TO ADVOCATE FOR PROVIDING INCREASED ACCESS TO HIGH SPEED INTERNET SERVICES FOR THE REGION. CURRENTLY 15 ELECTRICAL COOPERATIVES ARE IN THE PROCESS OF BUILDING OUT FIBER NETWORKS, LEVERAGING LOANS THROUGH THE FCC'S RURAL DIGITAL OPPORTUNITY FUND TO PUSH INTO UNDERSERVED AREAS IN NORTH MISSISSIPPI. THE ORGANIZATION HOSTEDTHE DIGITAL INNOVATIONS CONVENTION/TRADE SHOW WHICH IS MISSISSIPI'S LEADING DIGITAL SECURITY, BUSINESS, TECHNOLOGY, AND EDUCATION EVENT PROVIDING AN OPPORTUNITY TO NETOWRK WITH LEADING EXPERTS, STATE LEADERS AND REGIONAL PARTNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President's | Officer | 0 | $90,000 |
Bill Benson Director | Trustee | $0 | |
Dr Dan Brook Director | Trustee | $0 | |
Scott Hendrix Director | Trustee | $0 | |
Dr Mabel Murphree Director | Trustee | $0 | |
Larry Otis Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $51,879 |
| 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 | $70,946 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,738 |
| Fees for services: Accounting | $6,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $962 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $242,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $62,245 |
| 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 | $420,347 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,560,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,043,382 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,043,382 |
| 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 | $2,043,382 |
Grants Awarded
Over the last fiscal year, Mississippi Economic Growth Alliance And Point Of Presence has awarded $35,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WTVA PURPOSE: FTTH/FTTP GRANT | $15,000 |
WCBI PURPOSE: FTTH/FTTP GRANT | $15,000 |
LAKESIDE COMMUNICATIONS PURPOSE: FTTH/FTTP GRANT | $5,750 |